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Johann Gutenberg was born on this day. He is most notably known for creating the printing press, an important in this time period and still to this day. (NOTE: Date of Birth isn't mentioned specifically.)
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Johann Gutenberg died on this day. He is most notably known for creating the printing press, an important in this time period and still to this day.
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Martin Luther, German theologian and Reformation leader, was born on this day
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Jean Bodin was a French social and political philosopher. He was also a lawyer. He had major contributions to the modern idea of sovereignty. (NOTE: Date isn't exact date of birth since it is unknown.)
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Martin Luther, German theologian and Reformation leader, died on this day.
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On this day in history, Dutch lawyer and author Hugo Grotius was born. Grotius was also a strong advocate of natural law and he was also the father of international law.
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Jean Bodin was a French social and political philosopher. He was also a lawyer. He had major contributions to the modern idea of sovereignty. He died on this day, June 7th of 1596.
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Hugo Grotius was a Dutch advocate of natural law and is also the father of international law. He is also a lawyer and an author. Hugo Grotius died on this day, Augudt 28th of 1645.
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In 1648, the emergence of modern state we first see in Western Europe after the Peace of Wesphalia
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At the end of the Great Depression, the world experienced World War I. Many nations, led by the United States, felt a need of protectionism and signed to Smoot-Hawley Tariff Act in 1930. In the United States alone, imports fell by 30 percent and exports by 40 percent ranging from 1929-1933.
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Bretton Woods is a location in New Hampshire where, in 1944, the United States, Britain and other nations held a conference to talk about fixing the exchange rate of the dollar. The Bretton Woods System soon set up the World Bank
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On this day in 1950, Robert Schuman proposed an idea, which soon became the Coal and Steel Community. It was basically of controlling steel and coal to ultimately result in the reconciliation of Europe. A treaty was signed by Belgium, France, Germany, Italy, the Netherlands and Luxembourg in 1952 to establish the community. This community soon collapsed in 2002.
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On this day in 1957, the Treaty of Rome was signed by most European nations to establish both the European Economic Community and the European Atomic Energy Community (EURATOM). Since the signing of the treaty, most power, in political and economic areas, has been transferred from the state level to the European Union.
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On this day in 1971, President of the United States, Richard M Nixon, decided that the US Dollar was to no longer be able to be converted into gold freely. This ended fixed exchange rates.
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On this day in 1973, the Organization of Petroleum Exporting Countries (OPEC) increased the liquidity of international banks. (NOTE: Specific date not mentioned, only year)
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The Cold War was a series of years, spanning from 1945 to 1991, of hostile relations involving the two global superpowers at the time (The USSR and the United States). It started in 1945, at the end of the second World War and it finished when the Soviet Union was dissolved on December 26th, 1991.
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On September 11, 2001, people that had relations to terrorist group Al-Qaeda crashed two planes into the World Trade Centers, or the Twin Towers, located in New York City. It caused huge waves of financial issues involving American, European, Asian and Latin American economies and markets.
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On this day in 2002, Pope John Paul II addressed 800 law makers in Italian Parliament, including then Prime Minister Silvio Berlusconi. This is the first time a head of the Catholic Church had ever made an appearance in Italian Parliament.
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Another international financial, and economic, crisis occurred on March 11, 2011 when Japan was struck by a tsunami. The tsunami was a 9.0 magnitude on the Pacific side of Japan. It was a very devastating disaster that affected world economies.
