Economic Globalization timeline

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    World War 1

    The first major global war between the European powers which pulled the rest of the world into this conflict. Powers were separated into the allied and the central powers. The allied powers were: France, UK, Russia, Italy, Japan, and the USA. The central powers were: Germany, Austria-Hungary, Ottoman empire and Bulgaria. This effected economic globalization as it bankrupted Europe forcing them to get rid of their colonies.
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    The Rise of Communism

    The Revolution of the Russian people who started the policies of communism. The common people were lead by Vladimir Lenin, Leon Trotsky, and Alexandra Kollontai. This led to the formation of the USSR heavily effecting economic globalization as this was the first instance of communism.
  • Treaty of Versailles

    The treaty that Germany signed after WW1, it detailed how Germany was to pay its war reparations. It can also be citied as the reason for World War 2, as it made Germany angry and broke. This effected economic globalization as it led to WW2
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    The Communist Dictator of the USSR(United Socialist Soviet Republic). He was a feared dictator who killed many through work camps and famine. This affected economic globalization as it led to a broken USSR after his death ending one of the greatest powers of the world, also the end of the cold war.
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    The Great Depression

    The event which lead to the worst ever crash of the stock market. Made the whole world broke, and made Germany even more desperate. This effected economic globalization as was the catalyst for the government to regulate the stock market so something like this would never happen again.
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    The man who headed Germany into World War 2, also killed a lot of Jews. He blamed the Jews for all the things that had happened to Germany, he also said they were the reason why Germany was broke. He drove Germany into WW2 effecting economic globalization in a major way.
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    World War 2

    The second World War which also happened in Europe. It also pulled in the rest of the world. However, after nuclear deterrence was invented the war ended rather quickly. It effected economic globalization as it created a massive gap of power in Europe allowing the USA to become the most wealthy/powerful power in the world with the USSR as a close second.
  • World Bank

    The bank of the world. Responsible for handing out loans to countries who need it. However, the money form the loans must be used to pursue capital projects(long term investment). These loans effected economic globalization as it created new opportunities for developing nations around the world.
  • Bretton Woods Conference

    The conference which created the World Trade and the International Monetary Conference. All 44 allied nations attended this conference. A major factor in economic globalization as it created two of the biggest economic governing bodies in the world.
  • International Monetary Fund

    The International Organization that encourages economic growth. It does this by making its 190 member countries prosperous through the increase of productivity, and the creation of jobs. They affected economic globalization as they helped shape the future of developing nations around the world.
  • General Agreement on Trades and Tariffs(GATT)

    The precursor to the World Trade Organization. The first agreement of its kind. It tried its best to promote international trade and eliminate tariffs. As the first oof its kind it affected economic globalization in a positive way.
  • World Trade Organization

    The successor to the General Agreement on Trades and Tariffs. With cooperative aid from the United Nations they revise and enforce the rules of international trade. They affect economic globalization as they unite the world under 1 set of rules.