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ww1
ww1 was the first world war, around 16 million people died, This affected economic globalization because it is the first time the world connected their money, resources , and finances. -
Rise of Communism
The rise of communism was when Russia didn't like the way they where ran so they said lets make everybody equal. This affected economic globalization because Russia wouldn't be trading lots or need to be connected to the outside world they will just use the stuff they have their and spread it evenly. -
Treaty of Versailles
The Treaty of Versailles was one of the most important peace treaties that brought world war one to an end. The treaty required Germany to disarm, make ample territorial concessions, and pay reparations to certain countries that had formed the Entente powers. This affected economic globalization because Germany is sending money and resources to all of the places that it affected so their would be more interconnectedness. -
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stalin
Stalin killed 33 million people. He affected economic globalization because he massed industrialized Russia which was the first time Russia was actually a player in the international trade. -
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Hitler
Adolf Hitler was chancellor of Germany from 1933 to 1945, serving as dictator and leader of the Nazi Party. he killed between 6-18 million people. He affected economic globalization because -
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WW2
Estimated 45-60 million people died in this war. This affected economic globalization because everybody is fighting so the economy will go down in every country because they aren't trading with each other during these times. -
Bretton Woods conference
The Bretton Woods conference was a conference of delegates from 44 nations who met in Bretton Woods, New Hampshire, to agree on new rules for post ww2 international monetary system. This affected economic globalization because countries are coming together and sending money and resources to each other to help them out after ww2, which made more allies which meant more connection around the world. -
World Bank
Today, the World Bank functions as an international organization that fights poverty by offering developmental assistance to middle-income and low-income countries. By giving loans and offering advice and training in both the private and public sectors, the World Bank aims to eliminate poverty by helping people help themselves. This affected economic globalization because they are giving money to poor countries so they can become a player in today for trade and resources. -
International Monetary Fund
The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. This affected economic globalization because it is helping out the poor countries by giving them money so they can build stuff that will help them out for more jobs, so that means their will be less poverty. -
General Agreement on Tariffs and Trade
The General Agreement on Tariffs and Trade (GATT) is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. This affected economic globalization because it makes all of the trading smoother and countries will trade more because less barriers. They will be more likely to trade more because it is controlled. -
World Trade Organization
The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations.The goal is to ensure that trade flows as smoothly, predictably and freely as possible. This affected economic globalization because now more countries are trading with each other and their is a control center that makes it easier for everything to go through without fight over is it is a fair trade or not.