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Creation of the Transatlantic Telegraph Cable
Communication between the two continents (American and European) became easier. Now messeges only took minutes instead of days, or maybe even weeks. -
Berlin conference and the scramble for Africa
Industrialisation got more popular around the European nations, and they wanted more power. In the berlin conference the super powers divided up Africa as this day that would change the economy of Europe forever. -
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origins of globalization
International commodity markets, labor markets, and capital markets make up the economy and define economic globalization. Beginning as early as 4000 BC, people were trading livestock, tools, and other items as a means of money. -
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WW1
During this war, the technological advances came extremly quickly, in order to have better technology then the opposing country, but also many of the trading posts and factories were destroyed resulting in worse economy for some countries. -
The Great Depression
The Great Depresion began when stock markets crash oin major cities, leaving a lot of people unemployed, and having a bad economic outcome for the whole world in general. -
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WW2
This war boosted the economic status of many countries, by need resources from the country, and spending more money on amunition, and fuel, as well as create many allies. -
The Great Depresion
The great depression ended in various countries. -
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UN At Bretton Woods
The gathering of 730 delegates from all 44 Allied nations. Agreements were executed that later established the International Bank for Reconstruction and Development (IBRD, which is part of today's World Bank Group) and the International Monetary Fund (IMF). -
Black Monday Market Crash
Started with a steep increase in stock value in 1987 but the soon after stock dropped heavily all across the world starting in Hong Kong then spreading to the rest of the world. -
Rwanda Genocide
A feud in between the Tutsi and Hutu. Hutus started killing off all the Tutsis -
Formation of World Trade Organization