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An increase in Communism over a few years.
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A dictator who ruled the soviet union from 1927 to 1953 and killed 33 million people. He transformed the Soviet Union to a poor country, to a powerful industrial and military country.
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Dictator in Germany and started WW2.
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During the war the collapse of interbank cooperation and expansion of controls on trade, migration, and agriculture. Due to this, economic globalization re-emerged only very slowly.
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The war pitted the Central Powers of Britain, France, and Russia against Germany and Austria Hungary. this war had other countries drawn into the conflict and due to it 15 million people died.
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Bad for economic globalization because of communism.
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Ended WW1 could be seen as a positive or negative due to wars always having big news all over the world and some countries become known. But collateral damage or actual wars may lead people away from trading with that country. So stopping WW1 was both positive and negative for economic globalization.
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Peace treaty that brought World War I to an end.
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Stalin made the Soviet Union an idustrial and military giant. He set up production schedules for farms and industries and hudreds of thousands of pesants were forced to work. Stalin also introduced a five year plan. Economic globalization never would have happened becuase he was a communist leader.
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Bad for economic globalization, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers.
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People were selling their kids, mass unemployment, and great production decline.
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Economic globalization is the reason why WW2 happened. Also during the war 17 million new jobs were created, industrial productivity increased by 96 percent.
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Due to Hitler and him causing WW2 Lots of new jobs were created and Bretton Woods Conference became thing. Hitler was a positive to economic globalaization.
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The deadliest war in all of human history with around 70 million people killed. With most of the countries in the world involed in some way.
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Internattional Bank for Reconstructing and Development (IRBD), also known as the world bank. The World Bank reduces poverty by lending money to the governments of its poorer members to improve their economies. Positive to economic globalization as it is used to improve economies of governments in a huge economic problem.
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Positive as it has connected multiple countries with it financially. Also it tries to end extreme poverty, by reducing the share of the global population that lives in extreme poverty to 3% by 2030.
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Gathering of delegates from 44 nations in Bretton Woods to agree upon a series of new rules for the post-WWII international monetary system.
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Positive to economic globalization as one of its purpose is to "reduce poverty around the world."
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The IMF promotes high employment sustainable economic growth, and reduce poverty around the world.
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Gatt was meant to boost economic recovery after WW2 through reconstructing and liberizing global trade. Positive on economic globalization as the agreement was to make international trade easier.
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Regulates and facilitates international trade between nations.
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A legal agreement between many countries
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Provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects.
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GATT system, but more improved, so yes its positive to economic globalization.