AP World History - Unit 8: Cold War and Decolonization
Cold War lasted from 1945 to early 90s
US and Soviet Union tried to get the rest of the world to side with them
An arms based race between - nuclear arsenals became large enough to wipe out the whole world
Biggest conflict over future security - both wanted their worldview to dominate:
US: capitalism, democracy
USSR: communism/totalitarianism
At conferences in Yalta and Potsdam in 1945, parts of Eastern Europe were divided among Allied forces - Soviet Union demanded control of its neighbouring states (Poland, Czechoslovakia, Hungary, Romania, Bulgaria), which the US disagreed with
1948: French, US, British sections of Germany merged into one, while Eastern Germany was under Soviet control - they cut of access to Berlin from Western side (Berlin Blockade)
US flew in resources to trapped Western side (Berlin Airlift) until Soviets relented and split Berlin in half - built a wall on their side (Berlin Wall)
East Vs. West
Europe was clearly divided in East and West
East: East Germany, Poland, Czechoslovakia, Romania, Hungary = Soviet bloc
West: Britain, France, Italy, Belgium, Netherlands, Norway, West Germany, Greece, Turkey = Western bloc
Truman Doctrine (1947) said US would aid countries threatened by communism (containment) - Western bloc formed military alliance NATO for this
In response, Eastern bloc formed Warsaw Pact
Two alliances became heavily weaponized - line between them was called the Iron Curtain
Many countries were part of nonalignment - accepted investments from US and USSR but didn’t side with either
Helped many former colonies find cooperative economic relations
Bandung Conference (1955): leaders from Africa and Asia meet to discuss these partnerships - Non-Aligned Movement
After fall of Manchu Dynasty in 1911, Sun Yat-sen led the Chinese Revolution of 1911 for China to become more Westernized and powerful
Sun Yat-sen’s Three Principles of the People: nationalism, socialism, democracy
Established his own political party for his own goals - the Kuomintang (KMT)
Chiang Kai-shek established KMT in 1920s while Japanese and Soviets also struggled to control China
US helped drive Japan out, but communists and KMT continued to fight Chinese Civil War for next 4 years
Communists recruited millions of peasants under Mao Zedong to drive KMT out of China into Taiwan (where they established Republic of China)
Mainland China became People’s Republic of China and the largest communist nation in the world
Taiwan and People’s Republic of China are still separated
Mao Zedong
At first was successful in increasing China’s productivity and agriculture
Implemented Great Leap Forward by creating communes (local governments) to achieve a Marxist state - they couldn’t keep up with their agricultural quotas, so they lied about it causing starvation of over 30 million Chinese people
After withdraw of Soviet support, military became his focus and capitalism was implemented into economy - Mao didn’t like it
Mao’s Cultural Revolution: got rid of all Western influences to prevent privileged classes - universities shut down and most worked as farmers from 1960s to 70s
Deng Xiaoping
New leader - focused on restructuring economy, reimplemented education
Free-market capitalism elements, property ownership, foreign relations - but still largely communist
Tiananmen Square Massacre: hundreds of protesters for democratic reform killed by government troops
After WWII, was held half by Soviets and half by US until Korea could achieve stability
Soviet communist regime in North Korea
US democracy in South Korea
North Korea attacked South Korea in 1950 to unite the two countries - United Nations, under General MacArthur, supported South Korea and China supported North Korea - armistice didn’t happen until 1953
North Korea remains an isolated and dangerous nation today
After WWII, France attempt to hold on to colony of Indochina, but Vietminh nationalists fought back until it was agreed to split the nation into two
Communists - North under Ho Chi Minh
Democrats - South under Ngo Dinh Diem
Soon war broke out between them - France and US supported South, but eventually the South was taken over by communist Viet Cong fighters, which looked very bad for US
Communism took over Cambodia and communist faction Khmer Rouge took over the government - goal to get rid of professional class an religious minorities led to 2 million deaths by the government
US remained involved in Cuban affairs after Spanish-American War under Platt Amendment
US supported the Batista Dictatorship from 1939 to 1959 until peasants began revolting in 1956 under leadership of Fidel Castro - led to Cuban Revolution in 1959
Castro promoted democracy but immediately established a communist dictatorship instead, so the US imposed economic bans on trade with Cuba - strengthened Cuba’s ties with Soviets instead
US organized Bay of Pigs Invasion with a small force of Cuban exiles, authorized by President Kennedy, to overthrow Castro - they were immediately captured
In response, Soviets installed missiles in Cuba and when US found out, they established a navel blockade around the island - Cuban Missile Crisis
Soviets eventually backed down when US agreed to not invade Cuba - closest brush with nuclear war
US’s capitalistic destruction of resources in Latin America stirred radical political parties in Mexico, Peru, Venezuela, Brazil - US was the imperialist “Good Neighbour”
US distracted by wars and Cold War led to single-party rule in Mexico, brutal militaristic leaders in Argentina and Chile, and socialist democracies in Nicaragua and Guatemala
US focused on Nicaragua - ground for Bay of Pigs Invasion, targeting of Sandinista guerrillas in 80s
Reliance on export economies has resulted in poor domestic economies and debt
Only in 2000 did Mexico have first multi-party election - opposition, PAN party, won
People in Eastern Europe, under communism, began to revolt over poor living conditions compared to the West, democracy, and self-determination in the 80s
A Solidarity movement under Lech Walesa brought thousands of workers wanting reform of communist economic system
Not until reform-minded Mieczyslaw Rakowski became the Prime Minister did Solidarity become legalized in 1989
Tadeusz Mazowiecki, Solidarity member, became PM in first open elections
Communism fell in 1990, Lech Walsea become president, and economy improved swiftly
Decline of communism in Soviet bloc led to East Germany cutting ties with Soviets
Berlin Wall was torn down in 1989 and East and West reunified
Germany now focused on peace and economic reform instead of violence
Mikhail Gorbachev came to power in 1986 and urged restructuring of Soviet economy - elements of private ownership instituted, nuclear arms treaties with US
When Poland and other former Soviet nations separated from USSR, Soviet Union disintegrated in 1991
Mostly peaceful, but ethnic cleansing occurred in the Balkans and many Muslims were murdered by Christian Serbians - led to UN troop involvement
Most new countries formed constitutional democracies, Cold War was over, and US emerged as the world’s only superpowers
Democracy and Authoritarian Rule in Russia
New Russia looked like a perfect federal state, but their abrupt intro to democracy and capitalism led to corruption, high unemployment, poverty, widespread crime
First president, Boris Yeltsin, had the challenge of reforming Russia
Yeltsin resigned in 1999 and former KGB agent Vladimir Putin became the head and has between the President and Prime Minister since then
Has caused significant unrest in relations with other nations
Indian National Congress, mostly Hindu, established in 1885 and Muslim League in 1906 to increase rights of Indians under colonial rule
In 1919, Amritsar Massacre catapulted resistance - 319 Indians killed by the British during a peaceful protest
Mohandas Gandhi became an important figure in resistance - philosophy of passive resistance (demonstrations, boycotts instead of violence)
Hindu and Muslim groups disagreed while fighting for the same cause - Muslims pushed for their own nation called Pakistan
Independence Won by India
Britain granted independence to India after WWII
Muslims and Hindus disagreed with how the independent nation should function - one group wanted unity between Hindus and Muslims, the other wanted to partition the subcontinent and form a separate Muslim nation (led by Muhammad Ali Jinnah)
British separated the subcontinent into three parts: India (Hindu), and Pakistan (Muslim) in two parts
Many died by religious persecution as they migrated across religious lines - created international conflict between Pakistan and India
In 1910, South Africa established its own constitution, that was discriminatory to native Africans, and in 1912, the African National Congress was formed to oppose European colonialism
in 1950s, independence movement across Africa grew and Gamal Nasser, general in Egyptian army, overthrew Egypt king and established a republic - inspired other Islamic nationalists along Mediterranean to also become independent
Many Africans were undereducated and did not have skills to build productive, independent nations and European influence had caused major destruction in social dynamics
Algeria fought war for independence against France from 1954-1962
Nigeria and Ghana negotiated their freedom from Britain
Kenya also negotiated constitution with Britain
Angola and Belgian Congo overthrew colonial governments causing civil wars
Zimbabwe was among last to establish majority African rule in 1980
53/54 of African nations belong to African Union - replaced Organization of African Unity
Still, Chad, Sudan, Uganda, Somalia, Rwanda, Congo continue to be wrecked by civil wars
Rwanda
Conflict between Tutsi and Hutu groups (Tutsi, 15% of pop., governed the Hutu) caused ethnic strife, genocide, and human rights violations after colonial authorities left
Hutu revolted and killed as many as 800000 Tutsis over 100 days of genocide
Apartheid in South Africa
Union of South Africa formed in 1910 combing British and Dutch colonies, the year after South Africa Act, completely excluded Black people from politics
1923: segregation established and enforced
1926: Black people banned from certain occupations
1948: system of apartheid (racial separation) established - Black people forced into the worst parts of the country and city slums
Nelson Mandela became leader of African National Congress in 1950s determined to abolish apartheid
Sharpeville massacre: 67 protesters against apartheid killed - African National Congress then supported guerrilla warfare (resulted in Mandela being jailed in 1964)
Mandela was released in 1990 and apartheid crumbled - he was the first president elected in a free and open election
After WWI, France was put in charge of Syria and Lebanon, Britain in charge of Palestine, Jordan, and Iraq (Iran between Britain and Russia) - Arabia united itself as a Saudi Kingdom
Creation of Modern Israel:
Many Jews left Israel region as Palestine became more and more Islamic
During WWI, Zionists (Jewish nationalists) convinced Arthur Balfour (Britain’s foreign secretary) to issue Balfour Declaration of 1917 - declared that Jewish people had right to live in Palestine, without displacing current Palestinians
Jews fleeing antisemitic mobs (pogroms) began flooding into Palestine, a lot more came during the 30s to escape Hitler
Jewish Wait for a State Ends in 1948 - two Palestines, one for Jews and one for Muslims, officially created
As soon as David Ben-Gurion became first prime minister of Israel, Muslims attacked Israel (1948 Arab-Israeli War)
Israel fought back and eventually controlled most of Palestine, while Jordan held remaining portions (West Bank)
1967 Six-Day War resulted in Israelis taking over all of Palestine - West Bank, Sinai Peninsula, Gaza Strip (Egypt), Golan Heights (Syria)
In 1977, Egypt recongized Israel’s right to exist when Prime Minister Menachem Begin of Israel and President Anwar Sadat of Egypt signed the Camp David Accords - a huge blow to Palestinians (did not recognize West Bank in accords)
Since then, Palestine Liberation Organization (PLO), dedicated to reclaiming land and Palestinian state, has been unsuccessful in negotiating a homeland
In 2000, violence continued and Israel PM Ariel Sharon constructed a wall between Palestinian West Bank and Israel
In 2005, Palestinian president Mahmoud Abbas signed a cease-fire with Israel after previous president Yasser Arafat failed to do so
Intense division, military violence, and terrorism still exists between the groups and no advancements have been made
Iranian Revolution
When Reza Shah Pahlavi rose to power and lead the shah in 1925 in Iran, Westernization was introduced to the nation
In 1960s, rights of women increased drastically which angered Islamic fundamentalists
President Jimmy Carter of US visited Iran to congratulate them on their modernization, which was the breaking point for fundamentalists - in 1979 Iranian Revolution ousted current shah and went back to a theocracy led by Ayatollah Khomeini
Human rights advancements were reversed and women went back to traditional roles - Qu’ran became basis of legal system
Iraq soon after invaded Iran over border disputes - Iraq received quiet support from US but still led to 8-year Iran-Iraq War
Power struggle still continues in Iran and American-led war that began in Iraq in 2003 complicated matters further
Oil
Middle East was sitting on more than two-thirds of world’s oil reserves
Multinational corporations rushed to gain drilling rights in 20th century
Saudi Arabia, Kuwait, Iran, and Iraq started to earn billions annually, so they organized with some oil-exporting nations to form a petroleum cartel (OPEC) leading to more money and modernization
Economic Development and independence was hard to achieve as a new country
Hard to achieve as a new country due to low literacy and little industrial infrastructure and weak private economy and little managerial experience South Korea Taiwan Kong Kong Singapore = Asian tigers / new industrial countries
China has biggest economic growth in 20th century same with India who opened to world market
Africa Arab and few parts of Asia had no significant economic growth
“Africa rising” rise in africas economy and middle class
Breton woods system - international commmercial and financial dealing system linked to the US dollar. Participated in by major capitalist countries
Neoliberalism - approch that the entire world is a single market → acceleration of movement of goods and capital
Transnational corporations- produce goods and deliver services to multiple countries
Globalization does not equal economic stability or equality
Brought people together but also divided people (economic disparities class issues)
Resistance from those who felt left behind in globalization
Opposition- farmers poverty classes conservatives etc
World trade organization- international body with 149 nations represented promotes global commerce and free trade
Cold War lasted from 1945 to early 90s
US and Soviet Union tried to get the rest of the world to side with them
An arms based race between - nuclear arsenals became large enough to wipe out the whole world
Biggest conflict over future security - both wanted their worldview to dominate:
US: capitalism, democracy
USSR: communism/totalitarianism
At conferences in Yalta and Potsdam in 1945, parts of Eastern Europe were divided among Allied forces - Soviet Union demanded control of its neighbouring states (Poland, Czechoslovakia, Hungary, Romania, Bulgaria), which the US disagreed with
1948: French, US, British sections of Germany merged into one, while Eastern Germany was under Soviet control - they cut of access to Berlin from Western side (Berlin Blockade)
US flew in resources to trapped Western side (Berlin Airlift) until Soviets relented and split Berlin in half - built a wall on their side (Berlin Wall)
East Vs. West
Europe was clearly divided in East and West
East: East Germany, Poland, Czechoslovakia, Romania, Hungary = Soviet bloc
West: Britain, France, Italy, Belgium, Netherlands, Norway, West Germany, Greece, Turkey = Western bloc
Truman Doctrine (1947) said US would aid countries threatened by communism (containment) - Western bloc formed military alliance NATO for this
In response, Eastern bloc formed Warsaw Pact
Two alliances became heavily weaponized - line between them was called the Iron Curtain
Many countries were part of nonalignment - accepted investments from US and USSR but didn’t side with either
Helped many former colonies find cooperative economic relations
Bandung Conference (1955): leaders from Africa and Asia meet to discuss these partnerships - Non-Aligned Movement
After fall of Manchu Dynasty in 1911, Sun Yat-sen led the Chinese Revolution of 1911 for China to become more Westernized and powerful
Sun Yat-sen’s Three Principles of the People: nationalism, socialism, democracy
Established his own political party for his own goals - the Kuomintang (KMT)
Chiang Kai-shek established KMT in 1920s while Japanese and Soviets also struggled to control China
US helped drive Japan out, but communists and KMT continued to fight Chinese Civil War for next 4 years
Communists recruited millions of peasants under Mao Zedong to drive KMT out of China into Taiwan (where they established Republic of China)
Mainland China became People’s Republic of China and the largest communist nation in the world
Taiwan and People’s Republic of China are still separated
Mao Zedong
At first was successful in increasing China’s productivity and agriculture
Implemented Great Leap Forward by creating communes (local governments) to achieve a Marxist state - they couldn’t keep up with their agricultural quotas, so they lied about it causing starvation of over 30 million Chinese people
After withdraw of Soviet support, military became his focus and capitalism was implemented into economy - Mao didn’t like it
Mao’s Cultural Revolution: got rid of all Western influences to prevent privileged classes - universities shut down and most worked as farmers from 1960s to 70s
Deng Xiaoping
New leader - focused on restructuring economy, reimplemented education
Free-market capitalism elements, property ownership, foreign relations - but still largely communist
Tiananmen Square Massacre: hundreds of protesters for democratic reform killed by government troops
After WWII, was held half by Soviets and half by US until Korea could achieve stability
Soviet communist regime in North Korea
US democracy in South Korea
North Korea attacked South Korea in 1950 to unite the two countries - United Nations, under General MacArthur, supported South Korea and China supported North Korea - armistice didn’t happen until 1953
North Korea remains an isolated and dangerous nation today
After WWII, France attempt to hold on to colony of Indochina, but Vietminh nationalists fought back until it was agreed to split the nation into two
Communists - North under Ho Chi Minh
Democrats - South under Ngo Dinh Diem
Soon war broke out between them - France and US supported South, but eventually the South was taken over by communist Viet Cong fighters, which looked very bad for US
Communism took over Cambodia and communist faction Khmer Rouge took over the government - goal to get rid of professional class an religious minorities led to 2 million deaths by the government
US remained involved in Cuban affairs after Spanish-American War under Platt Amendment
US supported the Batista Dictatorship from 1939 to 1959 until peasants began revolting in 1956 under leadership of Fidel Castro - led to Cuban Revolution in 1959
Castro promoted democracy but immediately established a communist dictatorship instead, so the US imposed economic bans on trade with Cuba - strengthened Cuba’s ties with Soviets instead
US organized Bay of Pigs Invasion with a small force of Cuban exiles, authorized by President Kennedy, to overthrow Castro - they were immediately captured
In response, Soviets installed missiles in Cuba and when US found out, they established a navel blockade around the island - Cuban Missile Crisis
Soviets eventually backed down when US agreed to not invade Cuba - closest brush with nuclear war
US’s capitalistic destruction of resources in Latin America stirred radical political parties in Mexico, Peru, Venezuela, Brazil - US was the imperialist “Good Neighbour”
US distracted by wars and Cold War led to single-party rule in Mexico, brutal militaristic leaders in Argentina and Chile, and socialist democracies in Nicaragua and Guatemala
US focused on Nicaragua - ground for Bay of Pigs Invasion, targeting of Sandinista guerrillas in 80s
Reliance on export economies has resulted in poor domestic economies and debt
Only in 2000 did Mexico have first multi-party election - opposition, PAN party, won
People in Eastern Europe, under communism, began to revolt over poor living conditions compared to the West, democracy, and self-determination in the 80s
A Solidarity movement under Lech Walesa brought thousands of workers wanting reform of communist economic system
Not until reform-minded Mieczyslaw Rakowski became the Prime Minister did Solidarity become legalized in 1989
Tadeusz Mazowiecki, Solidarity member, became PM in first open elections
Communism fell in 1990, Lech Walsea become president, and economy improved swiftly
Decline of communism in Soviet bloc led to East Germany cutting ties with Soviets
Berlin Wall was torn down in 1989 and East and West reunified
Germany now focused on peace and economic reform instead of violence
Mikhail Gorbachev came to power in 1986 and urged restructuring of Soviet economy - elements of private ownership instituted, nuclear arms treaties with US
When Poland and other former Soviet nations separated from USSR, Soviet Union disintegrated in 1991
Mostly peaceful, but ethnic cleansing occurred in the Balkans and many Muslims were murdered by Christian Serbians - led to UN troop involvement
Most new countries formed constitutional democracies, Cold War was over, and US emerged as the world’s only superpowers
Democracy and Authoritarian Rule in Russia
New Russia looked like a perfect federal state, but their abrupt intro to democracy and capitalism led to corruption, high unemployment, poverty, widespread crime
First president, Boris Yeltsin, had the challenge of reforming Russia
Yeltsin resigned in 1999 and former KGB agent Vladimir Putin became the head and has between the President and Prime Minister since then
Has caused significant unrest in relations with other nations
Indian National Congress, mostly Hindu, established in 1885 and Muslim League in 1906 to increase rights of Indians under colonial rule
In 1919, Amritsar Massacre catapulted resistance - 319 Indians killed by the British during a peaceful protest
Mohandas Gandhi became an important figure in resistance - philosophy of passive resistance (demonstrations, boycotts instead of violence)
Hindu and Muslim groups disagreed while fighting for the same cause - Muslims pushed for their own nation called Pakistan
Independence Won by India
Britain granted independence to India after WWII
Muslims and Hindus disagreed with how the independent nation should function - one group wanted unity between Hindus and Muslims, the other wanted to partition the subcontinent and form a separate Muslim nation (led by Muhammad Ali Jinnah)
British separated the subcontinent into three parts: India (Hindu), and Pakistan (Muslim) in two parts
Many died by religious persecution as they migrated across religious lines - created international conflict between Pakistan and India
In 1910, South Africa established its own constitution, that was discriminatory to native Africans, and in 1912, the African National Congress was formed to oppose European colonialism
in 1950s, independence movement across Africa grew and Gamal Nasser, general in Egyptian army, overthrew Egypt king and established a republic - inspired other Islamic nationalists along Mediterranean to also become independent
Many Africans were undereducated and did not have skills to build productive, independent nations and European influence had caused major destruction in social dynamics
Algeria fought war for independence against France from 1954-1962
Nigeria and Ghana negotiated their freedom from Britain
Kenya also negotiated constitution with Britain
Angola and Belgian Congo overthrew colonial governments causing civil wars
Zimbabwe was among last to establish majority African rule in 1980
53/54 of African nations belong to African Union - replaced Organization of African Unity
Still, Chad, Sudan, Uganda, Somalia, Rwanda, Congo continue to be wrecked by civil wars
Rwanda
Conflict between Tutsi and Hutu groups (Tutsi, 15% of pop., governed the Hutu) caused ethnic strife, genocide, and human rights violations after colonial authorities left
Hutu revolted and killed as many as 800000 Tutsis over 100 days of genocide
Apartheid in South Africa
Union of South Africa formed in 1910 combing British and Dutch colonies, the year after South Africa Act, completely excluded Black people from politics
1923: segregation established and enforced
1926: Black people banned from certain occupations
1948: system of apartheid (racial separation) established - Black people forced into the worst parts of the country and city slums
Nelson Mandela became leader of African National Congress in 1950s determined to abolish apartheid
Sharpeville massacre: 67 protesters against apartheid killed - African National Congress then supported guerrilla warfare (resulted in Mandela being jailed in 1964)
Mandela was released in 1990 and apartheid crumbled - he was the first president elected in a free and open election
After WWI, France was put in charge of Syria and Lebanon, Britain in charge of Palestine, Jordan, and Iraq (Iran between Britain and Russia) - Arabia united itself as a Saudi Kingdom
Creation of Modern Israel:
Many Jews left Israel region as Palestine became more and more Islamic
During WWI, Zionists (Jewish nationalists) convinced Arthur Balfour (Britain’s foreign secretary) to issue Balfour Declaration of 1917 - declared that Jewish people had right to live in Palestine, without displacing current Palestinians
Jews fleeing antisemitic mobs (pogroms) began flooding into Palestine, a lot more came during the 30s to escape Hitler
Jewish Wait for a State Ends in 1948 - two Palestines, one for Jews and one for Muslims, officially created
As soon as David Ben-Gurion became first prime minister of Israel, Muslims attacked Israel (1948 Arab-Israeli War)
Israel fought back and eventually controlled most of Palestine, while Jordan held remaining portions (West Bank)
1967 Six-Day War resulted in Israelis taking over all of Palestine - West Bank, Sinai Peninsula, Gaza Strip (Egypt), Golan Heights (Syria)
In 1977, Egypt recongized Israel’s right to exist when Prime Minister Menachem Begin of Israel and President Anwar Sadat of Egypt signed the Camp David Accords - a huge blow to Palestinians (did not recognize West Bank in accords)
Since then, Palestine Liberation Organization (PLO), dedicated to reclaiming land and Palestinian state, has been unsuccessful in negotiating a homeland
In 2000, violence continued and Israel PM Ariel Sharon constructed a wall between Palestinian West Bank and Israel
In 2005, Palestinian president Mahmoud Abbas signed a cease-fire with Israel after previous president Yasser Arafat failed to do so
Intense division, military violence, and terrorism still exists between the groups and no advancements have been made
Iranian Revolution
When Reza Shah Pahlavi rose to power and lead the shah in 1925 in Iran, Westernization was introduced to the nation
In 1960s, rights of women increased drastically which angered Islamic fundamentalists
President Jimmy Carter of US visited Iran to congratulate them on their modernization, which was the breaking point for fundamentalists - in 1979 Iranian Revolution ousted current shah and went back to a theocracy led by Ayatollah Khomeini
Human rights advancements were reversed and women went back to traditional roles - Qu’ran became basis of legal system
Iraq soon after invaded Iran over border disputes - Iraq received quiet support from US but still led to 8-year Iran-Iraq War
Power struggle still continues in Iran and American-led war that began in Iraq in 2003 complicated matters further
Oil
Middle East was sitting on more than two-thirds of world’s oil reserves
Multinational corporations rushed to gain drilling rights in 20th century
Saudi Arabia, Kuwait, Iran, and Iraq started to earn billions annually, so they organized with some oil-exporting nations to form a petroleum cartel (OPEC) leading to more money and modernization
Economic Development and independence was hard to achieve as a new country
Hard to achieve as a new country due to low literacy and little industrial infrastructure and weak private economy and little managerial experience South Korea Taiwan Kong Kong Singapore = Asian tigers / new industrial countries
China has biggest economic growth in 20th century same with India who opened to world market
Africa Arab and few parts of Asia had no significant economic growth
“Africa rising” rise in africas economy and middle class
Breton woods system - international commmercial and financial dealing system linked to the US dollar. Participated in by major capitalist countries
Neoliberalism - approch that the entire world is a single market → acceleration of movement of goods and capital
Transnational corporations- produce goods and deliver services to multiple countries
Globalization does not equal economic stability or equality
Brought people together but also divided people (economic disparities class issues)
Resistance from those who felt left behind in globalization
Opposition- farmers poverty classes conservatives etc
World trade organization- international body with 149 nations represented promotes global commerce and free trade