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Russian Revolution
-Russia was ruled by Czar Nicholas II. He controlled all of Russia and its people.
-Peasants lived difficult lives and had little control over their property.
-Peasants and soldiers joined rebellion and economy shut down. Czar gave up throne in 1917 and was assasinated in 1918.
-1920-1922 had a drought happen during the war. -
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World War I
-Involved France, Russia, Italy and the British empire vs. Germany, Ottoman Empire.
-The governmental power in all of those areas were increased and tax revenues increased.
-Canada and other countries spent very large amounts of money on the war.
-Germany had the most economic consequences because of the war. -
Treaty of Versailles
-Peace treaty that was achieved at the end of World War I.
-The result of the treaty was that Germany was going to bear all of the responsibility of all of the damage that occurred during the war.
-This lead Germany into an economic decline. -
Creation of USSR
-End of drought brought forward USSR.
-Communist state that was going to help economy by controlling all goods by the communist USSR government.
-This would end poverty in Russia. -
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Existence of USSR
-Communist state that held all property collectively with the government.
-95% of farms were collectives.
-Got rid of class distinctions and opposed capitalism, like western countries.
-Had completely different ideologies and lead to cold war. -
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Canadian Drought
-Between 1928 and 1937, there was a large drought all over Canada.
-Topsoil blue away, and grasshoppers took over and invaded farmland.
-Therefore, exports were less and very little amounts of agricultural products could have been grown. -
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Great Depression
-After an economic boom in the 1920s, on Black Tuesday, October 29, 1929, all investors started selling their stocks because of the fear of the prices going down more than they already were.
-People who lost money could not pay their bills or pay back their debts.
-People had less money to spend on goods and therefore this lowered demand for goods. This lead to unemployment and went into an economic depression, the great depression.
-In Canada, exports fell by 50%. -
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World War II
-Nazi Germany lead to the mass killing of the majority of all the Jewish people in Europe.
-Most of world economy during that time was invested in the war.
-All efforts of the countries participating were directed towards the war.
-Involved most countries in the world at the time. -
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Post World War II Economic Boom
-Between 1945 and the early 1970s, after WWII, then the world had economic advances in science and techology.
-Most people got new job opportunities.
-This resulted in suburban sprawl and people buying houses due to their new jobs. -
Establishment of the UN
-Established after the outfall of World War II.
-Was created to facilitate cooperation between different countries in the world. Most countries got on board.
-The UN was going to deal with the outfall of the war and help all the countries involved.
