Thing

Economic Globalization

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    Rise of Communism

    what: first attempt to start communism started with Lenin and he tried to take over Russia and end the imperial family in 1907. Continues with Hitler and Stalin and now, over 100 years later with North Korea.
    Economic globalization: Positive for the Countries who have communism- because everything seems like the perfect Utopia where everything is perfectly balanced. For other countries, its negative because they can not trade with them.
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    WWl

    what: A global war that involved 30 nations and destroyed the interconnectedness of the world
    economic globalization: negative for the economy because after the war, most countries were poor and couldn't afford basic necessities for their citizens.
  • Treaty of Versailles

    What: a peace treaty that helped end World War l and was against Germany, made everything the Germans fault.
    Economic Globalization: positive effect, helped have all the countries rely on each other.
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    Stalin

    Soviet Dictator who killed nearly 33 million people. He believed in collectivism and communism. Economic globalization: negative effect. He stopped economic globalization as it communism stopped trade.
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    The Great Depression

    what: an economic downfall that stopped banks, left Americans unemployed and thousands dead from not receiving basic necessities.
    Economic Globalization: Negative, over half the countries banks failed which means no one was making money and receiving and income to to support the economy.
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    Hitler

    A German Dictator who killed around 6 million Jews in death camps during WWll. Germans lashed back from WW1 and destroyed the interconnectedness of the World. Again.
    Economic Globalization: positive effect, He built Germany back up after being screwed over since WWl
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    WWll

    What: A second global war that involved Hitler and more 30 nations fighting.
    Economic globalization: negative for all countries because once again, countries were left poor and sad
  • Bretton Woods Conference

    what: 44 nations coming together to agree upon a series of new rules for after WWll monetary system.
    Economic Globalization: Was positive for other countries but screwed over Germany because Germany had to pay all the countries for the war and more.
  • International Monetary Fund

    What: an organization that consists of 190 countries who work together to collect money, secure financial stability, and reduce poverty all over the world.
    Economic globalization: Positive, because some countries may have terrible disasters that can be paid for without having to go poverty-stricken
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    World Bank

    what: countries coming together and to help with financial problems
    economic globalization: positive because the world came together to support each other with money and togetherness
  • General Agreement on Trades and Tariffs (GATT)

    what: an agreement that was signed by 23 countries to minimize barriers to international trade by eliminating quotas and tariffs. Making trades between countries become cheaper and cheaper
    Economic Globalization: Allowed other countries to rely on each other and have international trading without the fear of not being able to afford things you have to trade for
  • World Trade Organization

    what: an organization that negotiates and is involved with world trade
    Economic Globalization: Positive because it allows countries from all over to trade and benefit from other global trades.