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Jan 1, 1397
Johann Gutenberg Birth
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.) -
Feb 3, 1468
Johann Gutenberg Death
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. -
Nov 10, 1483
Martin Luther Birth
Martin Luther, German theologian and Reformation leader, was born on this day -
Jan 1, 1530
Jean Bodin Birth
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.) -
Feb 18, 1546
Martin Luther Death
Martin Luther, German theologian and Reformation leader, died on this day. -
Hugo Grotius Birth
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. -
Jean Bodin Death
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. -
Hugo Grotius Death
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. -
Peace of Westphalia: Emergence of modern state
In 1648, the emergence of modern state we first see in Western Europe after the Peace of Wesphalia -
The Smoot-Hawley Tariff Act, World War I and the Great Depression
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. -
Bretton Woods System
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 -
The proposal of the Coal and Steel Community
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. -
Treaty of Rome signed; creation of EURATOM
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. -
Ending Fixed Exchange Rates
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. -
OPEC affects international banks
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) -
End of Cold War
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. -
The Attacks on the World Trade Centers
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. -
Pope John Paul II gives historic speech
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. -
Tsunami and Earthquake of Japan
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.
