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Who: Industrialization lagged far behind that of western Europe and North America. Workers struggled to survive.
Economic Globalization: It is a negative effect because you can not trade in communism. Transportation systems broke down, and food could not be shipped to countries. Russia got all their stuff but the other countries could not trade with Russia because of communism. -
Who: Britain, France, and Russia against Germany and Austria, Hungary. 15 million soldiers were killed.
Economic Globalization: It was negative because it blew up the whole world and it made countries in debt to one another. -
Who: Was against Germany.
Economic Globalization: Was negative for Germany and positive for everyone else in the world. Germany had to pay back money for the war and had to get rid of some of their colonies. -
Who: Soviet dictator who killed nearly 33 million people. He believed in Collectivization and communism.
Economic Globalization: He had a negative effect on economic globalization. He stopped economic globalization as it communism stops trade. -
Who: The Great Depression was the worst economic downturn in the history of the industrialized world. It began after the stock market crashed.
Economic Globalization: It was negative because there was mass consumerism and at the end, the banks wanted their money and everyone was in debt. -
Who: As the leader of Nazi Germany, he orchestrated both World War II and the Holocaust, events that led to the deaths of at least 40,000,000 people.
Economic Globalization: He was a positive effect. He rebuilt Germany and got them involved in Globalization. he also opened the World Bank. -
Who: More than 60 million people died. Between 10 and 26 million people were killed in German death camps.
Economic Globalization: It was negative economically because everything got blown up but it was also positive because after the war happened, all the countries came together and started trading -
Who: Lends money to help war-torn countries to rebuild.
Economic Globalization: It is positive because every country puts money into this bank for back up funds and it also helps countries to develop their natural resources. -
Who: 44 countries coming together creating the World Bank and International Monetary Fund.
Economic Globalization: It was a positive effect because every country puts their money in and through the World Bank. -
Who: Set dependable international exchange rates for world currencies.
Economic Globalization: It is a positive effect because they want to establish international economic stability and promote foreign trade for countries. -
Who: Agreed to gradually get rid of tariffs and other trade barriers between countries.
Economic Globalization: It was positive because they wanted to get rid of tariffs and other trade barriers so that countries could trade freely without having to pay tariffs. -
Who: The WTO is the only international organization dealing with the global rules of trade. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible
Economic Globalization: Positive, because it increased economic globalization and trade for all countries.