SOCIAL RELATED ISSUE #3: TEST

-- war was costing Canada $2.5 million per day -- Canada introduced income taxes -- Created a temporary worker shortage

to ensure peace between Germany and allies; create peace

force to pay reparations to the victors of war

equality against all the social class

-- national debt

-- loss of human life

-- job shortages

-- unemployment rose

Siberian peasant and a mystic. Brought to the family to heal Alexei

-- Russia had poor quality weapons and leadership -- Economy collapses -- Russia leaves the war, signing a separate peace treaty to Germany

advocating for class equality; where all property is publicly owned and each person is paid according to their abilities and need

-- first known communist state by the USSR -- made up of 15 republics -- controlled economy and government -- lacked personal freedoms

-- Soviet leader 1924-1953 -- Transformed the USSR into an industrial and military giant -- forced farmers to grow grain and hand over to gov't --> proceed to export the products to fund military and industrialization

-- many countries had an economic boom -- Average people start to buy stocks: buy low, sell high

when the stock prices started go down that led to the great depression

• people could not pay their bills

• borrowed money could not pay it back

• those who loaned money could not collect

• product demand began to decline

• increase in unemployment

-- restricting trade to protect their own economy -- Countries increased tariffs on imported goods to protect their local economy — more jobs lost throughout the world

-- unemployment rose -- mental health was bad -- jobs lost -- consumerism and demand began to lessen -- companies were lost -- led to WW2 -- trade between countries were restricted -- caused countries to isolate itself

Because of Germany invading Poland, Canada declared war.

Involves: Britain, USA, Soviet Union, Germany, Italy, Japan, Canada, France

extinction of german jews

-- production of weaponry, ships, and war goods increased -- Unemployment fell to an all time low, at less than 1% -- Over 1 million women joined the workforce

-- countries economies started to go up after the war -- women were in the workforce -- baby boom -- employment started going up

1. stopped trade between countries; countries isolated themselves

2. loss of life, loss of jobs, decline in economies

3. Communism vs. Capitalism

4. Debt, destruction, rebuilding of societies

WW1 --> COMMUNISM & SOVIET UNION --> ROARING 20S --> THE GREAT DEPRESSION --> WW2

• Support people who wanted to choose their own government

• Help countries cooperate on trade issues

• Protect smaller countries from invasion from larger countries

• Ensure that no single country controlled the world’s oceans

World bank and IMF

focused mainly on loans and assistance to developing nations

set dependable exchange rates for world currencies; promote foreign trade and ensured economic stability

• govern international trade and finance

• Give structural adjustment loans to developing countries; that carry conditions that must be followed

countries working together to gradually eliminate tariffs and other trade barriers between their members

• No tariffs, taxes or regulations on the goods and services that countries trade

• a process that involves countries reducing or removing trade barriers (tariffs) so goods and services can flow more freely around the world

• encourages free trade

• the tax (duty) added to goods being imported

to raise revenue, protect domestic industries, put political pressure on a country

Organization works to regulate and increase international trade between nations

Purpose to reduce tariffs and other barriers to trade

• economic sanctions can be used to enforce their decision

  • Sanction: an economic penalty, such as a gov’t trade boycott, used to pressure a gov’t to carry our actions or follow rule

• WTO ruled that european countries must change trade rules that were protecting banana farmers in Jamaica and St Lucia. Europe put tariffs on other banana importers but not to Jamaica. Which isn’t fair.

  • Ruled that you cannot have tariffs on one country and not another

  • Ensured TNCs would not lose our on European markets

Free trade between USA, Canada and Mexico (1994) USMCA replaced NAFTA in 2018

free trade in Europe -- goods, money, services, and people can move easily

• Their goal is to link social progress to economic progress

• Includes initiatives to improve workers rights, end discrimination, and improving environmental standards

— Since TNC’s manufacture a lot of goods, they depend on international trade and communication with other nations

— More than 70% of global trade involves a transnational

— More transnationals being created = more interaction with other nations which leads to globalization

Invest in business and infrastructure can reduce poverty in developing

• Power grids, transportation facilities, etc.

In the past, money came through foreign aid from wealthier countries

• Now, 75% of investment in developing countries comes from private companies, which takes the load off governments

ship is registered in a country than of it’s owner

taxes against people and corporations for contributing to CO2

created by the UN to measure ‘quality of life’

3 main categories:

• Long and healthy life

• access to education

• decent standard of living (gross national income)

Sum of money granted by the gov’t to help business owners lower their price for their service or commodity and creates competition

technologies, computer software, robotics, and biotechnology. Biotechnology innovators, for example, have developed new

— selling a public service to a private company, so the service doesn’t belong to the gov’t anymore

economic development that is conducted without depletion of natural resources

— 17 interlocked global goals that will to a more sustainable future

— Goal to be achieved by 2030