HIST 4032 Lecture Notes - Lecture 7: Foreign Direct Investment, Warsaw Pact, Hungarian Soviet Republic
Document Summary
Zolbieron germany- free trade between city states: 1840s- economic germany before political germany, 1871- 2nd reich created. Post wwii: 1952: euro steel/ coal union share resources, 1957: treaty of rome- euro economic community. Airbus (cannot compete with u. s. a) joint euro company. Fiat- euro bails out in 1970s: 1992: european union, integrated economies reduce warfare. Bretton woods: u. s and great brittan, 3 parts. World bank- international bank for reconstruction and development. International monetary fund- maintained reserves and stability of exchanges. Gold dollar standard oz 1945-1971: world bank. Not designed to be altruistic- industrial economies to penetrate non industrial economy. U. s dominate force- u. s president picks president of world bank, in. % of votes = % capital put into bank = more $=more influence. Private development nothing can be state owned. Can"t pay loans = put under surveillance influences country. Gatt treaties wto: marshall plan billion to europe- 81% spent in the u. s rebuilds with.
