timeline

By d bhyeufmenrbwhygiruy

  • WW1

    When:1914-1918
    What: First world war hit Europe affecting most of Europe
    economic globalization: created income tax and left Europe 33billion in debt

  • Treaty of Versailles

    When:1919
    What: German reparations to be paid to Europe and America
    economic globalization: Left Germany in crippling debt

  • Rise of Communism

    When:1914-1922
    What: Overthroughing of the zar and instilling of a new government in Russia
    economic globalization:Created the economic powerhouse of the soviet union

  • Great depression

    When:1929-1938ish
    What: economic crippling of the entire world and a major stock crash
    economic globalization: Criupped entire economies and instilled the thought of a national banking system

  • Stalin

    When:1929-1953
    What: Stalin takes power in Russian government and gets Russia industrialized
    economic globalization: Russia gets industrialized and causes the death of over 30million people due to starvation

  • Hitler

    When:1933-1945
    What: Hitler takes control of the government, begins the holocaust, and instilled the nazi party
    economic globalization: Instilles new system of power in Germany, stopped paying treaty until 1945, killed millions

  • WW2

    When:1939-1945
    What: World war breaks out, millions are killed, and 50 countries involved
    economic globalization: Crippled many economies, and caused much death in Europe.

  • Bretton Woods conference

    When:1944
    What:44 countries meet and discuss IMF and World bank to prevent another world way
    economic globalization:Introduced the idea of international banking and and many other systems still in use

  • IMF

    when:1944-now
    what: Created dependable trade rates for currencies and provides economic stability
    economic globalization: Created dependable exchange rates and continued to deepen globalization within the world.

  • World bank

    When:1944-now
    What: Established world banking system that all countries use
    economic globalization:Invention of an international banking system

  • GATT

    When:1947-1995
    What: International trade agreement between companies
    economic globalization: Globalized trade through out the world

  • WTO

    when:1995-now
    what: Finaized the world trade agreements and included more countries into the system to endure trade flows smoothly
    economic globalization:Finalized trade agreements through the world and helped with clobalization