-
Period: to
WWI
first big war
first time countries borrowed from other countries -
Period: to
Russian Revolution
workers fought for better wages and working conditions
led to communism -
Period: to
Rise Of Communism
result of russian revolution
brought back russias economy -
Treaty Of Versailles
made germany pay for damage from WWI
caused WWII -
Period: to
Stalin
communist leader of russia
created collectives to increase military spending -
Period: to
Great Depression
people borrowed to get into stock market, market crashed
lowered international trade, partially led to WWII -
Rise Of Hitler
hitler became dictator
caused WWII -
Period: to
WWII
second big war
intertwined economies to stop another world war -
WB
gave out big loans to countries
intertwined economies to create peace -
Bretton Woods Conference
meeting to stop another world war
created IMF and WB -
IMF
similar to world bank but smaller
stabilised currency exchange rates, help rebuild small countries -
GATT
agreement to slowly open trade
made international trade more open -
WTO
new name for GATT
same thing