Introducing
Your new presentation assistant.
Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.
Trending searches
Contemporary Economic Global Development Timeline
5
Contemporary Economic Global Development Timeline
Industrial revolution
1760
Effect
The Industrial Revolution ushered in significant changes in economic and social structure.
A broader distribution of income and increasing international trade were among the changes.
To oversee the division of labour, managerial hierarchies arose.
Many individuals could no longer make a living in the countryside by the late 1700s. People increasingly travelled from farms and villages to larger towns and cities in search of factory labour.
Cities surged in size, yet they remained filthy, congested, and unhealthy.
Machines boosted output significantly. This meant that things were both cheaper to manufacture and to purchase. Many industrial owners grew extremely wealthy.
The birth of capitalism, European imperialism, coal mining efforts, and the repercussions of the Agricultural Revolution are all mentioned. Capitalism was a critical component in the development of industrialization.
Cause
First world war
1914
Cause
On June 28, 1914, in the city of Sarajevo, a young Serbian patriot shot and killed Archduke Franz Ferdinand, the heir to the Austro-Hungarian Empire (Austria). Because European countries possessed so many colonies around the world, the war quickly escalated into a worldwide battle.
Effect
The First World War shattered empires, birthed a slew of new nation-states, sparked independence movements in Europe's colonies, forced the United States to become a global power, and paved the way for Soviet communism and Hitler's rise.
Russian revolution
1917
Cause
The Russian Revolution's Causes... Economically, Russia's high inflation and food shortages aided the revolution. Insufficient military supplies, logistics,
Effect
The Russian Revolution cleared the stage for communism to become a globally prominent political ideology system. It paved the way for the Soviet Union to emerge as a world force capable of competing with the United States during the Cold War.