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Globalization And Ww2 Research Paper

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The precise beginning of globalization is often obscured because there have been many instances where early nations engage in trade and integrate their economies together. Some historians attribute the start of globalization to as early as 1492 when Christopher Columbus arrived in the American continent, because he was actively seeking a trade route to connect the Indian spice market to Spanish commerce. This event was also the beginning of European exploration in the Americas, and the subsequent colonization of the New World. Although this expanded the worldview of European people by introducing them to a completely new continent with raw materials and new resources, it was not the true beginning of globalization and was rather a stepping …show more content…
European nations recovered very slowly from WWI, and in many cases were completely devastated by the hyperinflation of their currencies. The United States did not suffer the same economic crisis as Europe, mainly because the war was not fought on the American continent. Many European nations sought economic relief and aid in the form of war loans and bonds, but before making a full recovery nations enter WWII which continues economic devastation. One of the main factors of the adoption of globalization after WWII comes from the leaders that fought and lost in the war. Fascist leaders of Germany, Italy, and Japan were generally against cooperation with international economy. With their loss in the war it seemed that their ideology was flawed, and so the victorious democratic powers that favored global economy were able to influence the world decisions from then …show more content…
The United Nations was created as an organization to replaced the failed League of Nations. Prior to the United Nations, the League of Nations failed because it excluded important nations, such as the WWI loser Germany, and the United States attempted to be an isolationist by not becoming a member of it. The United Nations was successful because it stuck to the principle of globalization by integrating almost all established nations from its inception. The United Nations was created for humanitarian and diplomatic policy integration, the North Atlantic Treaty Organization for military alliances, and the Bretton Woods system for economic trade and investment cohesiveness between all participating nations. The Bretton Woods systems was especially significant because it established organizations to regulate global trade barriers and investment. Within the Bretton Woods system, the World Bank Group was a key factor in integrating developing nations. The World Bank is composed of five members, the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Multilateral Investment Guarantee Agency, and the International Centre for Settlement of Investment Disputes (ICSID). These members collectively remained

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