Globaliztion during XX CENTURY History Timeline and Biographies

The Rise of Industrialization and Global Trade

The turn of the century marked a significant increase in industrialization, leading to enhanced global trade networks. Countries began to engage more actively in international commerce, setting the stage for globalization during the XX Century.

World War I and Its Impact on Globalization

World War I disrupted global trade and led to significant political changes. The war's aftermath saw the establishment of new nations and a reconfiguration of international relations, influencing the trajectory of globalization during the XX Century.

Bretton Woods Conference and Economic Cooperation

The Bretton Woods Conference established the International Monetary Fund (IMF) and the World Bank, promoting economic cooperation and stability, which were crucial for the post-war globalization during the XX Century.

Formation of the United Nations

The founding of the United Nations aimed to foster international cooperation and peace, which indirectly facilitated the processes of globalization during the XX Century by promoting dialogue among nations.

Decolonization and New Nations

The wave of decolonization in Africa and Asia led to the emergence of new nations. This shift contributed to a more diverse global landscape and increased participation in global affairs, impacting globalization during the XX Century.

Nixon Shock and Floating Exchange Rates

The Nixon Shock ended the Bretton Woods system, leading to floating exchange rates. This change facilitated international trade and investment, significantly affecting globalization during the XX Century.

Fall of the Berlin Wall and Global Integration

The fall of the Berlin Wall symbolized the end of the Cold War and led to increased economic integration in Europe. This event marked a significant turning point in globalization during the XX Century, as Eastern European countries opened up to global markets.

Formation of the European Union

The Maastricht Treaty established the European Union, promoting economic and political integration among member states. This development was a key milestone in the process of globalization during the XX Century, enhancing trade and cooperation across Europe.

NAFTA Implementation

The North American Free Trade Agreement (NAFTA) came into effect, creating one of the largest free trade zones in the world. This agreement significantly boosted trade and economic ties between the U.S., Canada, and Mexico, exemplifying globalization during the XX Century.

Creation of the World Trade Organization (WTO)

The World Trade Organization was established to regulate international trade and promote free trade agreements. The WTO played a crucial role in advancing globalization during the XX Century by facilitating trade negotiations and dispute resolutions.

The Rise of the Internet and Digital Globalization

The late 1990s saw the rapid expansion of the Internet, revolutionizing communication and commerce. This technological advancement significantly accelerated the pace of globalization during the XX Century, enabling businesses to operate on a global scale.

Seattle WTO Protests and Globalization Critique

The protests against the WTO meeting in Seattle highlighted growing concerns about the negative effects of globalization during the XX Century, including labor rights, environmental issues, and economic inequality, sparking a global debate on the future of globalization.

Millennium Development Goals Established

In the year 2000, the United Nations adopted the Millennium Development Goals, aiming to address global challenges such as poverty and inequality. These goals reflected the interconnectedness emphasized by globalization during the XX Century and sought to promote sustainable development worldwide.