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what: the first world war with an estimated 17-100 million deaths worldwide due to the war. the war started as the result of a man by the name Archduke who was assassinated while eating a sandwich.
economic globalization: believe it or not world war one was good for the economy because it caused an economic boom due to buying supplies for the war. -
what: a very important treaty that ended world war 1. it made it so germany was responsible for starting the war and would have to pay for the damages which sent germany into debt.
economic globalization: since germany was sent into spiralling debt it cause a lot of unemployment rates but the rest of the world was fine lol. -
what: with russia"s new leader stalin, russia became a communist country.
economic globalization: since russia becoming a communist country, that meant there was no trading with other countries. -
who: soviet dictator who killed 33 million people. he believed in collectivization and communism.
economic globalization: negative effect, he stopped economic globalization as communism stops trade -
what: the great depression was an economic depression around the world where people resulted to selling their children because they loved buying random stuff with their debit cards.
economic globalization: obviously this was a worldwide depression so it was not good at all for the economy -
who: an austrian born man who rose to power when germany was in need and lead the nazi party
economic globalization: positive effect, even though he had bad morals he still lead germany back into the economic game when it was in need -
what: the second world war began when germany invaded poland and millions of people died especially due to the genocide of the holocaust.
economic globalization: although the war boosted need for manufacturing things for the war, many countries closed factories in order to pay for the war that created a lot of uneployment. -
what: an international agreement on rules that came after the events of world war 1.
economic globalization:the bretton wood conference made the price of the dollar comparable to gold. -
what: an international fund that consists of 190 countries that allows countries in need to obtain financial stability
economic globalization: this fund makes it possible for countries to be stable and trade and make money so yes it is good for the entire global economy;. -
what: another organization that helps mid to low income countries to decrease poverty.
economic globalization: this is good for the global economy because it is helping other countries with their financial issues. -
what: it was signed in 1947 and it minimized barriers of trade between countries.
economic globalization: it was good for economic globalization because once fenced off trading was now open. -
what: an international organization that deals with trade routes and trading between countries.
economic globalization: since this also opens trading around the world it is very good for the world's economy.
