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Alexander Graham Bell invented the telephone
Since the invention of the telephone, companys and buissnes men can trade easier verbally to someone accross the world. -
ww1 ends
After WWI production of manufactured goods in areas with high debts (as a result of the war) was reduced by 25-80%. As well, many countries blocked off international as an attempt to recuperate. At the ending of the war many who were working and fighting in the war were left unemployed. -
Treaty of versailles
The treaty stripped Germany of 25,000 square miles (65,000 km2) of territory and 7,000,000 people. That land became its own country poland with economic globalization opportunities. -
the bretton woods confrence
The bretton woods conference was held to explore economic options to help prevent another world war after world war 2. In the end the world bank was established as well as the international monetary fund. Where made to help finacialy aid war sticken countrys or develping contrys as well as give short term emergency loans in order to help boost the economy. -
World War two ends
Agriculture and industry increses by over 50%, increasing trade of materials and crops to other contries. -
cold war
The Cold War, was the war known as being between the United States and the Soviet Union over conflicting economic views. Though the war never evolved to the warfare level, it caused friction between capitalists and communists. Both countries spent immense money on building up their military as well as making cutbacks various times. -
internet begins
The birth of the internet is one of the most important economic factors in the world. People use the internet daily to deal with money or goods. The birth of the internet was early to mid-1980s and has affected our global economy ever since. It will continue to affect our lives for as long as we live and until the world ends. -
market crash
Started with a steep increase in stock value in 1987 but the soon after stock dropped heavily all across the world starting in Hong Kong then spreading to the rest of the world. Though the exact causes are stil being debated this market crash slowed down trading world wide. -
ww2
During WWII, aside from the millions that died, also caused economic issues. The government of Canada, for example, spent a majority of their money on equipment used in the war. Alsofarming also became more mechanized and emplyment also rose.
