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The rise of communism was when USSR became in power in Russia, in 1922 when Stalin became in power he turned Russia into a communist country. This negatively impacts economic globalization because Russia wouldn't be connected with the rest of the world since they had just became a communist country.
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Britain, France and Russia, were fighting against Germany and Austria Hungary because of militarism, alliances, imperialism and nationalism. The downfall/ aftermath of WWI was good for economic globalization because it connected everyone, but it was also kind of bad because it led to the Great Depression.
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In this treaty the countries had agreed that Germany was at fault. They then decided that Germany had to pay for all of the damages, which led to Hitler being in power. So if it weren't for economic globalization, Hitler wouldn't have been in power.
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Stalin was the ruler of the Soviet USSR, while in power, this group of communists killed around 33 million people. He stopped economic globalization completely, he had turned Germany into a communist country.
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Because of the use of credit cards, capitalism and stock markets, the Great Depression crashed. Everyone was very poor, so poor that parents started to sell their children just so they could make some money. Because of economic globalization countries owed each other lots of money, which made things even worse.
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Hitler was a dictator and the leader of the Nazis. He slowly started to invade Poland and Czechoslovakia, which started WWII, because Britain and France were fed up with him. If it were not for economic globalization Germany, would not have owed the other countries so much money. Because of this they elected Hitler to help them but as we know it only led to WWII.
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After WWI, Germany suffered extremely hard especially in the economic area. Hitler had proposed to fix the problems, so in 1933 he was elected into the government. Shortly after this the Nazis took over and were in power. Hitler then started to invade Austria and Czechoslovakia. Once Hitler had invaded Poland, Britain and France, finally had enough and declared war on Hitler. Thus starting WWII. This affected globalization in a positive way, because war was very profitable.
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This was when 44 different countries came together and developed the World Bank and the International Monetary Fund. This ended up connecting the world through a bank, thus creating a huge span of economic globalization.
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This organization deals with the currency from other countries and hands out smaller loans. Without economic globalization, this organization would not have been created and therefore not exist.
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The World Bank was created after WWI to help countries in debt. This organization would hand out huge loans when a country needed to be rebuilt. When this organization was created it positively impacted economic globalization because it connected the entire world through money. This would also help out other countries later in the future.
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At the Bretton Woods conference the 44 countries signed an agreement to get rid of tariffs and other trade barriers between countries. This is a huge part in economic globalization, because this forever connected the world through money.
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At the Bretton Woods conference the 44 countries signed an agreement to get rid of tariffs and other trade barriers between countries. This is a huge part in economic globalization, because this forever connected the world through money.