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GSLT 1000 - Week 5

by: Keyanna Alexander

GSLT 1000 - Week 5 GLST 1000

Keyanna Alexander
GPA 3.6

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About this Document

Going over international organizations and globalizing economies after WWI
Global Experience
Dr. Joshua Nadel
Class Notes
global, nation, Economics, Politics, International
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This 3 page Class Notes was uploaded by Keyanna Alexander on Tuesday February 23, 2016. The Class Notes belongs to GLST 1000 at North Carolina Central University taught by Dr. Joshua Nadel in Spring 2016. Since its upload, it has received 26 views. For similar materials see Global Experience in History at North Carolina Central University.


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Date Created: 02/23/16
GSLT 1000 – Week 5 Uruguay  -  1  Welfare state, developed education, 8­hr work day etc. - Leader Jose Battlie Yordoner - Recognition of citizen and labor rights - Progress: never ending cycle o Material Progress: Education, factories, steam transport (railroad and ships)  Telegraph o Elements of European assimilation along with Material Progress o Neo­Colonialism, dependent upon Europe (Europhilia)  - Spreading of football: sound body equates to sound mind – Muscular Christianity  Playing Football in Latin America - European Elite → Latino Elite → Education System → Building “European” Citizens  → New Traditions - Sports: enforce social roles, communication, collaborations, sense of unity  Link between Progress and Nation­States: one solidifies the continuation of the other Challenges facing Nationalism: - Internally: Internal nations (Ethno­Nationalism), differing religious beliefs,  immigrates, demagogue, political parties - Externally: Global organizations – country relinquishes some control over laws  Impact of WWI - Explodes progress, creates panic - Started through nationalism (dispute over Serbian state leads to the assassination of  Freidan)  International Organization - Goal: reduce international conflict, streamline communication, set standards for  measurements, settle disputes  - League of Nations – Woodrow Wilson, precursor to UN - International Labor Union  - failed through under support due to Isolationist philosophy of the US - Treaty of Versailles – made Germany financially responsible for the WWI, part of  League’s failing Treaty of Versailles in combination with the Great Depression causes inflation to bankrupt  Germany Noe­Liberal Economics – Government should only pay for infrastructure and national defense John Manor Keynes  - Kenan Economics  - Government should pay for civilian needs and stimulate  - Shouldn’t punish Germany solely for the war Great Depression – 1  sign of the interconnection of nations’ economies After WWII 1945 – United Nations (193 Member Nations and 2 Observing) - General Body - Security Council: 15 Members – 5 Permanent (Russia, America, China, England,  France), 10 rotating nations serving two years seats - Economic Social Committee – Operational  division, overseeing rights o WHO, WTO, ILO, UNISEF, UNESCO, IMF, World Bank, UNHCR Bretton­Woods Conference - World Bank, IMF, Gold­Dollar Standard established - Gold­Dollar standard – try to stabilize the global economy - IMF – International Monetary Fund o Monitor international exchange rates o Lend money to in debt countries short term loans at favorable rates o Voting rights based upon nations’’ assessments (payments) - World Bank o Long term loans for development and infrastructure o Voting right based upon assessments - Push political views: Austerity Measures  Washington Consensus - Aka Chicago School - Neo­liberal - Use of Austerity Measures: against protectionism (tariffs, embargoes, subsidies) to  promote international trade 1) Fiscal Discipline – limit government spending 2) Reduction of funding to education, infrastructure, and healthcare 3) Tax reform – raise taxes, alter law in order to collect more effectively 4) Lower interest rates for loans 5) Stabilize exchange rates 6) Liberalization of Trade – lowering barriers to foreign trade 7) Promote Direct foreign investment  8) Privatization of State Industries – government control to company control, saves  government money 9) De­Regulation – create a more competitive market place 10)Property Rights are respected - International Neo­Liberal Economics required by IMF and World Bank - Few successes with the IMF Neo – Keynes (Joseph Stiglitz) - Government stimulus spending - Against Austerity measures  International Non­Governmental Organizations (NGO) - Red Cross, Human Rights Watch, Durham People’s Alliance, Habitat for Humanity,  Feed the Children 


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