Thursday, April 20, 2017

CH 23

  • Technology was an important factor with the economic globalization and how fast it happened
  • Technology like oil tankers, containerized shipping, and air express services lowered transportation costs
  • Internet and fiber optic cables helped with the interaction between people
  • Neoliberalism - when capitalist countries left earlier political control because their leaders viewed the world as a single market
  • This approach was in favor with less tariffs, global movement of capital, temporary work force and spending cuts
  • Economic globalization helped create the biggest increase in economic growth in history
  • 1973-1974 stock market crashed because of increased oil prices which created a tough time for developing countries.
  • Lost Decade - In Latin America when people couldn't pay their debts
  • There were a lot of protest improvements in the 1960's

CH 21

  • 20th century communists believed the only way to achieve their goals was through revolution
  • Others believed in democracy and peaceful strategies
  • 1950 - McCarthyism began in the US
  • Russia was the first country to have a communist revolution
  • Workers in Russia began to take their issues to the streets, expressing their anger at the “incompetence and privileges of the elite”
  • Tsar Nicholas 11 was stripped from all of his power, forcing him to step down from the throne
  • Ended the 3 century long Romanov dynasty in Russia 
  • This gave workers more leverage and all the more reason to fight back
  • workers took over factories and people began to fight and speak out for workers
  • Peasants began to fight back as well, taking over their landlord's estates
  • provisional goverment took over, and it was obvious that there was no one fit to lead Russia
  • Many people wanted them to take Russia out of war
  • government refused to do so
  • created more tension for the people and started an uproar
  • Bolsheviks - greatest group led by Vladimir Llyich Ulyanow(aka Lenin)
  • 1921 - small Chinese communist party, the CCP was formed in order to organize country's working class
  • Guomindng - CCP rival who eventually kicked CCP out of China's cities
  • Mao Zedong - Leader of CCP
  • Communists in China relied heavily on peasant villages for support

CH 20



  • "Time in the sun"
  • Germany was a problem for Europe in terms of politics
  • Triple Alliance vs. Triple Entente
  • Triple Alliance = Germany, Italy, Austro-Hungarian Empire
  • Triple Entente = Russia, France, Britain
  • June 28, 1914 - Archduke Franz Ferdinand was assassinated by a Serbian Nationalist
  • The Austro-Hungarian empire was determined to crush the Serbian Empire 
  • The Great war lasted for about 4 years and ended in the defeat of Germany
  • Great depression followed WW1 in 1929
  • Stock market crashed leaving thousands broke
  • Hitler became chancellor of German government in 1933
  • WW2 started in Asia
  • Chinese nationalism threatened Japans influence over Manchuria
  • US entered WW2 with Pearl Harbor attack
  • US dropped 2 atomic bombs on Hiroshima and Nagasaki
  • Europe finally recovered from hardships in 20th century
  • Europe's resiliency of industry society aided recovery
  • Europe's ability  to regroup its economy also aided recovery