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Joseph Stalin was the leader of the one-party of the USSR in the states. He forced the farms, industrias of and peasants to work in factories, to make a contry and industaion and millitky giant. Without stalin there wouldnt be any trade, the economic globalization beggain because of him.
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when the great depression hit, Hitler promised to fix the problem and make germans proud. Then get got elected and became a dictator. once Hitler had invaded Poland, Britain and France, finally had enough and declared war on Hitler. thus starting ww2, because the war was very profitable. which was good for the emonomy globalization.
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The communism stared when the lenin tried to take over the impeiral family, In russia. And from this it still continues to this day in china, north and ect. This was bad for the economy globalization. The reason for this is because in communism theres no trade outside of its nation. Removing any kind of economi globalization.
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Economic globalization affected the ww1 in both good and bad. Good because it let everyone connected but bad because it led to the great depression. the war was fought between Britain, France and Russia, which were fighting against Germany and Austria. Because of militarism, alliances, imperialism and nationalism.
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After Germany had to pay a lot of money for the damages in Britain, France, Russia and other countries, because of economic globalization. if it hasn't happened Hitler would have never been in power that caused the ww2.
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after the war was over the people started to spend a lot. At the same time the first credit care was coming out and people started to buy more and more till the bank said I want the money that you own me. I need you to pay it back. that went people could not anything that the economy started to go down. and they had to pay a load.
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after ww1, Germany suffered extremely hard, especially in the economic area. Hitler had proposed to fix the problems, so in 1933 he was elected into government. shortly after this the naxis took over and were in power. Hitler then started to invade Austria and Czechoslovakia. once Hitler had invaded Poland, Britain and France, finally had enough and declared war on Hitler. thus starting ww2, because the war was very profitable.
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helps countries improve their access to world bank markets and enhances their participation in the global trading system. Trade is an engine of growth that creates better jobs, reduces poverty, and increases economic opportunity
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44 countries came together to make a world bank, both WB/IMF and the international monetary funds were developed. The Bretton woods conference have an important role in making the globalization better. By helping with reastor and sustain the benefits of global integration. This was for economic globalization.
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The (GATT) was an agreement that was agreed, to get rid of the barriers between countries. This made the world even more interconnected than before. Countries can traded with other countries that could increase the economic globalization.
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Because the WTO has lowered the trade barriers and increased trade among member countries. this it had benefited the global economy.
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the IMF helps country that is in need of economic crises. by giving them small loans. with out economic globalization.. the IMF would not have been created.