British sailors parade in London celebrating the end of WW1
Events 1910 to 1925
- 1914 Europe
Terrorist assassination in Sarajevo triggers World War I; first era of economic globalization ends
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- 1917 Russia
Russian Revolution leads to the creation of the USSR, the world's first socialist state
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- 1919 France
Treaty of Versailles: Terms will lead to German economic collapse and rise of fascism
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- 1922 Russia
Faced with economic disintegration, Lenin propounds "commanding heights" doctrine
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- 1923 Germany
Hyperinflation destroys the German economy
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