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WW1
This was the first world war which involved many countries after an assassination occured.
For a few countries, their GDP decreased by roughly 9.5% along with the plummet of employment rates. -
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Rise of Communism
An economic belief of a classless society in which property and wealth were shared in a community instead of individually. -
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Treaty of Versailes
Treaty of Versailes was an event in which a contract occured after the fall of World War 1 against Germany. For said contract, Germany would have to give up their financial repirations, lose their territories and give up their colonies overseas.
This was an event that lead to one of the greatest economic downfalls being the Second World War. -
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Rise of Stalin
The rise of Stalin was an event in history in which M.K Stalin was given power as the president in Russia. Since the country he ruled over was a communist country, as said before the affects of communism mess up the society class. -
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The Great Depression
The Great Depression was the worst event in history economically. It lead to the point where children were sold just to make the smallest portion of income. This happened due to all the investing in stocks in which it did not work out resulting in this. Due to this result, a drastic loss in income and job employment rate occured along with a major loss in output. -
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The rise of Hitler
The rise of Hitler was when he was given power over Germany. The power he was given lead to one of the biggest economic downfalls in history. -
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WW2
The Second and biggest World war in history. The jobrate plundered as most men were forced into the military to fend off against Germans. It was reduced by 10% along with most countries plundered economy. -
IMF
This was an event designed to monitor the worldwide monetary system and global economic improvements. They also identify potential issues and risks. This is a good event to prevent any suspicious activities. -
World Bank
The World bank is a worldwide organization that provides financing and research in developing nations to increase or better their poor economies. They also provided long term loans. This was a good event that helped out countries in need of wealth or need a good economy. -
Bretton Woods Coneference
This event was to agree on an international cooperation to assist and guide countries recover from the World War. This led to the World Bank. This was a good event as it led to the World Bank. -
GATT
This is a treaty that minimizes barriers or walls to worldwide trading by removing tariffs. This was an early step towards economic globalization and was a great event. -
World Trade Organization
The world trade organization was an event in which many countries developed to deal with trading with each other. This helped and messed up many economies across the world as unequal payment existed whilst other countries prospered from the trading.