- 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
Thursday, April 20, 2017
CH 23
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
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