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Period: to
Social 10
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Start of WWI
Following the assassination of Fanz Ferdinand, the Austrian Archduke, countries declared war on one another, this lead to many alliances being formed and eventually many countries were brought into conflict. Naturally, when a war starts this leads to new industries and jobs like ammunition, soldiers, nurses, and women to work becuase most places didnt have ready armies. This is still seen today because today many countires are ready for war at all times with higher military spending. -
End of WW1
After the war ended the Treaty of Versailles was signed and it put Germany in a bad place economically because the HARSH reparations Germany had to pay to other countires it had dragged into the war. This lead to a depression in Germany and the start of WW2. Today most countirres have leraned from this mistake. -
Uprise of the Stockmarket/Roaring Twenties
The 1920's were a time of great optimism and economic prosperity. This was also the introduction of "Credit". Eventually this failed (black tuesday) but today the stockmarket is still in place but with new regulations. -
Black Tuesday and the Great Depression
During the 1920s there was great economic prosperity, this time peirod is refured to as the "roaring twenties". This ended on October 29,1929 when the stock market crashed. This is linked to the Great Depression or the "dirty thirties", a period of low economic activity and high unemployment. This was the catalyst of many laws and organizations we still have today such as the FDIC (Federal Deposit Insurance Corporation. The FDIC moniteres banks for the government. -
Start of WWII
The treaty of Versailles was signed after WW1 and put many restrictions on Germany because they were blamed for the war. With the amount of money owed and the amount of money they had the debt would not be fully repaid until 2010. Also, the world was experiencing the great depression at the time and having a war would open up new industry and restart the economy. We still see effects today because this led to the International Monetary Fund, which is still here today. -
End of WW2 and the United Nations
After WW2 had ended countries decided that the League of Nations was uselless, this lead to the start of the United Nations. It is still in place today and its job is to promote economic development.
