Global Economics Timeline by https://padlet.com/ncook253/t3uowi4elxh6dzzg Natalie, Krisha, Michelle, Paul, Matt en-us 2022-05-26 16:47:13 UTC 2022-06-07 15:30:55 UTC hello@padlet.com https://padlet.net/icons/png/1f47e.png 1945 - The IMF was formed. https://padlet.com/ncook253/t3uowi4elxh6dzzg/wish/2210340153 The International Monetary Fund had the goal to oversee the global financial system and tried to exchange rates and help developing countries.]]> 2022-06-03 15:55:39 UTC https://padlet.com/ncook253/t3uowi4elxh6dzzg/wish/2210340153 1995 - Signed the GATT treaties. https://padlet.com/ncook253/t3uowi4elxh6dzzg/wish/2210340992 This treaty minimized the restrictions of international trade by reducing quotas, tariffs, and subsidies.]]> 2022-06-03 15:56:36 UTC https://padlet.com/ncook253/t3uowi4elxh6dzzg/wish/2210340992 1992 - The Mexican president started to work with George H. W. Bush and the Canadian prime minister to form the North American Free Trade Agreement. https://padlet.com/ncook253/t3uowi4elxh6dzzg/wish/2210343292 This was like an agreement between the two countries, getting them to trade with each other. Some could say that it was beneficial to Canada, America, and Mexico, but it affected groups like local businesses since their crops sold for a lot less when goods from the foreign countries arrived. ]]> 2022-06-03 15:59:05 UTC https://padlet.com/ncook253/t3uowi4elxh6dzzg/wish/2210343292 1994 - NAFTA was ratified and put into effect. https://padlet.com/ncook253/t3uowi4elxh6dzzg/wish/2210344187 This created free trade area for Canada, America, and Mexico. These countries were able to exchange goods with each other, appeasing the receivers. ]]> 2022-06-03 16:00:11 UTC https://padlet.com/ncook253/t3uowi4elxh6dzzg/wish/2210344187 Mid 1990s - CAFTA was created by the US and six Central American nations. https://padlet.com/ncook253/t3uowi4elxh6dzzg/wish/2210344998 All seven nation had come as one under one agreement of trade. This increased and expanded global trade, and they also outsourced the countries of jobs for labor. ]]> 2022-06-03 16:01:10 UTC https://padlet.com/ncook253/t3uowi4elxh6dzzg/wish/2210344998 1999 - the euro was adopted by 12 EU nations. https://padlet.com/ncook253/t3uowi4elxh6dzzg/wish/2210346155 Travel was made easier by reducing the need to exchange currency. European businesses can easily lock in the best prices from suppliers in other European countries.]]> 2022-06-03 16:02:36 UTC https://padlet.com/ncook253/t3uowi4elxh6dzzg/wish/2210346155 2008 - some insurance and mortgage companies, investment firms, and banks fell into bankruptcy. https://padlet.com/ncook253/t3uowi4elxh6dzzg/wish/2210348944 After the crash of the housing market in the United States, economic problems spread to all other countries. Trade decreased since America was one of the biggest consumers.]]> 2022-06-03 16:05:59 UTC https://padlet.com/ncook253/t3uowi4elxh6dzzg/wish/2210348944 2010 - A European central bank was created. https://padlet.com/ncook253/t3uowi4elxh6dzzg/wish/2210349436 This generalized an aspect of trade for the European countries. They were all able to use the Euro after the bank was established, in different countries.]]> 2022-06-03 16:06:39 UTC https://padlet.com/ncook253/t3uowi4elxh6dzzg/wish/2210349436 2007 - the global economy experienced worldwide financial troubles. https://padlet.com/ncook253/t3uowi4elxh6dzzg/wish/2210350639 This was the start of the global economic problems, and the downfall for many countries.]]> 2022-06-03 16:08:08 UTC https://padlet.com/ncook253/t3uowi4elxh6dzzg/wish/2210350639 2009 - the EU ratified the Lisbon Treaty that created a full-time presidential post and a new voting system that reflected each country's population size. https://padlet.com/ncook253/t3uowi4elxh6dzzg/wish/2210354758 This treaty brought the foreign countries together and gave power to Parliament.

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