Others - World History
Revolution
Agriculture Revolution
- Uses of Machines for Farming
- Less need of Human Labor
- People started moving to Industry Sector
Industrial Revolution
- Uses of Machines for Manufacturing
- People started moving to Service Sector
- Easy access of Information
Automation Revolution
- Repetitive work done by Machines
- Creative work done by Humans
Hyper-Inflation
- Weimar Republic = 1922 -=> Post-war Germany
- Due to
- War Reparations
- Rebuild Nation
- Decreasing Producing capacity -=> French occupation of powerful industrial sectors
- Print more Money
- Hungary = 1945
- Fallout of 2nd World war
- Half of Nation Business & Factories destroyed
- Government printed more money for Private Banks to issue Loans to Businesses
- Prices were Doubling every 15 hours
- Yugoslavia = 1992
- Due to breakdown of Soviet Union and Internal conflicts
- Industrial power reduced
- Trade ban by UN
- Zimbabwe = 2007
- Mass exit of Capital from nation due to government policies
- Driving down exchange rate of Dollar
- Made Imports very expensive
- North Korea = 2009
- Venezuela = 2016
- Political instability & International sanctions