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The Rise of Communism happened in Russia.
This was negative for economic globalization because communism is works against economic globalization. It was also the beginning of the Soviet Union, which eventually led to Stalin. -
Caused by colonization: Britain ruled 1/4 of the worlds population. Competition led to WWI.
Britain, France, and Russia against Germany and Austria Hungary.
Many European countries borrowed things from the United States during the war. They owed 7 billion dollars to the United states. This was the first event that put economic globalization into motion because countries were beginning to become more and more interconnected economically. -
In the Russian Revolution, Czar Nicholas II ruled 150 million people. The Empire was not as industrialized as other European countries and they lacked proper weapons causing the loss of many people. The people rebelled and the economy shut down. This led to a civil war in Russia up to 1922.
This was negative for economic globalization because it led to Stalin becoming leader of the Soviet Union and the Revolution shut down the economy. -
signed after WWI, which was not a good thing for Germany, they had to pay for damages inflicted on Britain, France, Russia, and countries.
This had a negative affect on economic globalization. it pushed Germany into a corner, making the people desperate for a new leader which ended up with Hitler becoming a dictator later on. At the same time it had a posative affect on economic globalization. Germany was now in debt to other countries, increasing the interconnectedness of the world. -
Stalin became the leader of the Soviet Union and was behind events like Holodomor.
Stalin had a negative affect on economic globalization because he did not support it. Stalin prevented trading and started collectivization, which led to the loss of nearly 5 million people due to a famine. -
Events leading to the great depression were people spending a bunch of money (borrowed from a bank). Once spending began to go back down, people realized they had to pay back the loans, and were now broke.
This was negative for economic globalization because countries added tariffs on their products which started to reduce the interconnectedness of the worlds economy. -
When Germany was desperate for a new leader after the treaty of Versailles, they gave Hitler a chance. He ended up becoming a dictator.
Aside from all the horrible things Hitler did to other people, he actually had a positive affect on economic globalization. It was Hitler who began WWII and Hitler got Germany's economy back together. These things helped increase interconnectedness of the worlds economy. -
Hitler invaded Poland on September 1st, 1939 and that is when France and Britain declared war on Germany.
WWII was a positive thing for economic globalization because unemployment decreased and countries became interconnected economically. The negative impact this may have had is the number of losses in every country, which was around 60 million people world wide. -
Representatives from 44 different countries. The purpose of the conference was to try to find a way to prevent another world war by preventing economic issues.
The conference ended up creating the World Bank and the International Monetary Fund which helped tie all the countries together economically in order to prevent another world war making this a positive thing for economic globalization. -
The international Monetary fund is made in order to provide smaller loans and control currency.
The international Monetary fund is positive for globalization because it continues to help keep the world interconnected. It is negative because there are some countries in debt that they will never be able to pay back. -
The world bank is a huge bank that provides very big loans to countries in need.
This is positive for economic globalization because it keeps everything interconnected economy wise. The World bank helps keep the economy in motion and helps jumpstart some countries in order to keep money flowing in. (More money flows in then what flows out because of interest) -
The GATT was an agreement signed. Its purpose was to slowly get rid of tariffs and trade barriers.
This is posative for economic globalization because it allows trade to keep flowing freely between countries which would also increase the interconnectedness of the economy, which helps to prevent another world war. -
The WTO came out of the GATT, and is a newer version of it. Its purpose was to slowly get rid of tariffs and trade barriers.
This is positive for economic globalization because it allows trade to keep flowing freely between countries which would also increase the interconnectedness of the economy, which helps to prevent another world war.