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April 1, 2024
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World economy
Updated 13 Dec 2019
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Created by
Mirna T
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Events
early 20th democracy
1829 Stephenson's invention of steam locomotive
1800 - 1913 - over 50 million people left Europe Most migrated to USA, newly seated British colonies and Latin America
Telegraph, telephone invention 1866
Cobden-Chevalier treaty about free trade with France, signed in 1860
New event
war Prussia - France
German gaining war reparations from France in money and gold -overproduction
1873 World economic depression -after years of prosperity, financial centres of Vienna and New York were seized with financial panic, which quickly spread to most other countries.
Great depression
Periods
Economic standard
Growth in production
The period between two World Wars gave rise to the establishment of totalitarian political systems, of which the socialist form lasted more than half a century,
since early 19th - demographic development growth in population because prolonging life expectancy -development of western countries because of capitalism. 1815 Great Britain was a dominant leader and world superpower, but at the end of the 19th the USA took the crown
assembley line - Hendry Ford
Germany's Chancellor Bismarck was the first to introduce a social insurance system.
Colonies
Napoleon war
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