World economy - Timeline

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

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