progression of US Globalization

Timeline created by sevna
In History
  • Bretton Woods Conference

    This was the gathering of 730 delegates from all 44 Allied nations at the Mount Washington Hotel, situated in Bretton Woods, New Hampshire, United States, to regulate the international monetary and financial order after the conclusion of World War II.
  • GATT

    General Agreement on Tariffs and Trade (GATT) was a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its preamble, its purpose was the "substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis."
  • Invention of microprocessor: establishment of 1st global networks

  • Oil Crisis

  • the collapse of the Soviet Union

    The collapse of the Soviet Union in 1989. This allowed the world economy to be more interconnected.

    An agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America.
  • WTO

    The largest international economic organization in the world. The WTO deals with regulation of trade in goods, services and intellectual property between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants' adherence to WTO agreements, which are signed by representatives of member governments and ratified by their parliament.
  • Seattle antiglobalization movement

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    Growth of low cost communication networks

    The growth of low cost communication networks allowed work done using a computer to be moved to low wage locations for many job types. This included accounting, software development, and engineering design.
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    New mass media

    The "exchange" of film, radio and television and recorded music worldwide.