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Russian Revolution
The Russian Revolution of 1917 centers around two primary events: the February Revolution and the October Revolution. The February Revolution, which removed Tsar Nicholas II from power, developed spontaneously out of a series of increasingly violent demonstrations and riots on the streets of Petrograd (present-day St. Petersburg), during a time when the tsar was away from the capital visiting troops on the World War I front. -
The First World War
The First World War Lasted from 28 July 1914 and ended on 11 November 1918. Millions of dollars were spent on this war and that put a huge amount of pressure on the Canadian economy to pay off that money. -
Treaty of Versailles
The Treaty of Versailles was one of the peace treaties at the end of World War I. It ended the state of war between Germany and the Allied Powers. It was signed on 28 June 1919, exactly five years after the assassination of Archduke Franz Ferdinand. The other Central Powers on the German side of World War I were dealt with in separate treaties. Although the armistice, signed on 11 November 1918, ended the actual fighting, it took six months of negotiations at th -
The Great Depression
This was a severe world wide economic depression in the decade preciding World War II. The timing of the Great Depression varied across nations, but in most countries it started in 1930 and lasted until the late 1930s or middle 1940s. The timing of the Great Depression varied across nations, but in most countries it started in 1930 and lasted until the late 1930s or middle 1940s. Canadian industrial production had fallen to only 58% of the 1929 level by 1932, the second lowest level in the world -
United Nations at Bretton Woods
Representatives of 44 countries met in the small new hampshire town of Bretton Woods for a conference sponsored by the newly founded United Nations to prevent the economic turmoil that may lead to another war. World Bank and the IMF were mapped out at the Bretton Woods meetings, to avoid another war. -
GATT (General Agreement On Tariffs And Trade)
GATT was established and helped free trade by eliminating tariffs and other trade barriers between themselves to encourage more trade between nations. This helped relieve stress on the economy when trading between nations. This soon got replaced with the WTO (World Trade Organization). -
World Trade Organization
Replaced the General Agreement on Tariffs and Trade (GATT), which commenced in 1948. The organization deals with regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements, and a dispute resolution process aimed at enforcing participant's adherence to WTO agreements, which are signed by representatives of member governments and ratified by their parliaments. Most of the issues that the WTO focuses on derive fro -
Joseph Stiglitz Wins Nobel Prize
He won the Nobel Prize for Economics in 2001, countries and peoples are more economically intergrated today than ever before. -
Second World War
This was just like the First World War, in the sence that millions of dollars were spent and put a huge damper on the economy around the world.