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Russian Revolution
Russia consisted of more than 150 million people of more than 100 different nationalities. Czar completely controlled the country and it's people. I think that this is related to economic globalization because at that time Russia was far behind Western Europe and North America regarding globalization, the industrialization was far behind, therefore having weak weapons and leadership it resulted in many deaths, prisoners, and injured people. Less people were available to improve the economy -
1914 European and British Empires depend on each other but compete for sources of raw materials and then world war 1 breaks out
Due to their interdependence the amount of goods has increased.However both sides wanted the same thing expansion, protection and trade. Factors that caused world war 1 were competition for sources. Britain, France and Russia against Germany and Austria-Hungary. This affects globalization of 20-21st century because all of them live in peace now and benefit each other economically -
Treaty of Versailles
was signed after the WWI, supposed to prevent another war and ensure peace, but as a result Gremany had to pay reparations for Russia, Britain, France and other countries. This affected the economy because by putting huge debt on Germany only affected the economy in a negative way and caused people to starve. It was possible that it could have caused another war. In no way that would have helped the economy to grow and prosper -
Revolution and civil war in Russia
Red Army against White Army. Germans promised something to Lenin in hopes that Russia would not be a part of the WWI.Socialists from France and UK came over to convince Russia to participate in the War.This impacted the economical globalization in 20-21st century because Russia is a very powerful country and everyone wanted to get it on their side however Russia wanted peace. Due to the war their economy was harshly affected, their production dropped about 80% -
World War 1 Ends
15 million soldiers were killed and many more lived in fear. War brought high economic costs, many European cities, towns, farms, roads, factories, ports, ships and railways were destroyed. Many governments were in a huge debt and owed more than $7 billion to USA. This affected the economy and because of the debt certain places were not able to produce their own goods and make at least minimum profit.This affected the prices and made it no longer affordable for people to buy certain things -
Effects of WWI on Canadian Economy
it ended up costing the government more than $2.5 million a day,war debt=$164 million a year, and pensions worth $76 million. As a result of that income taxes were introduced and ended up staying in the government forever. Many people lost their jobs. This affected the economy because lots of manufacting had been stopped, such as weapon productions. Unemployment got higher and therefore economy was suffering quite a bit -
Production and Manufactured goods
Production dropped more than 25% than it was in 1913. Production in Russia was one of the most affected countries, it's production dropped by 80%. This affected the economic globalization because countries did not want to trade until they could somewhat recover from the war and it made harder for globalization to develop. -
Civil War ends with Russia; Communist party in control
Communism was supposed to get rid of class distinctions, Communist party controlled the economy and government. The country being ruled by Stalin has led them to being an industrial and military giant. It affected the economic globalization because their productions had dropped about 80% and very shortly their economy was growing. Communism did it's thing and benefited the economy of Russia and had globalized them more. -
The Great Depression Begins; markets crash in major cities
Economic boom; high unemployment, prices on shares started falling down and caused a crash in the economy. No money to pay the bills, loans, owning money, decreased demand, closed companies, unemployment. This affected the economy because the less money people had the less money they were able to spend, and it harms the economy all around the world. Many people couldn't afford to buy new things because they didn't have the money for it, therefore less products were made. -
WW2 begins in Europe
Germany invaded Poland and Britain, France, Australia, New Zealand, adn Canada began a war. More than 50 countries were participating in that war. Germany=3.5,China=1.3-10 million, and USSR=7-9 million dead. This affected the economic globalization because many nationalites died in the war and their countries were a part of the war. Countries in which war took place suffered the most and their economy was harmed the most too. -
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World War 2 in Canada
42000= dead
54000=injured
The war had a long and harmful effect on the economy of Canadians. Government increased the amount of spendings on airplanes, ships and arms. Farming started spreading more, unemployment decreased, women started working,This affected the economy because the employment rose by 50% and made more people available for work, everything began going better and their economy started growing -
UN+Financial Conference
44 countries met and even though the WW2 was not over yet they tried to come up with ideas on how to prevent another world war.This is related to economic globalization because 44 countries tried to come up with ways to ensure prosperity, cooperation of all countries, and the feeling of being secure. Came up with trading rules, agreed to elimination of tarrifs. -
Changing Foundations of Economic Globalization
United States and Soviet Union became economic superpowers. U.S=capitalist system/democratic government
S.U=communist system/central government
Cold war.
This is related to economic globalization because the Cold War got in the way of trade, the Berlin Wall went down and united the West Berlin with the East Berlin. This made lives of many people much easier. Allowed them to grow as one society and become united again
