Over the years, we have witnessed a cycle of global economic activity. Apart from massive economic booms like the golden age of capitalism post World War, we have also observed tumultuous global economic meltdowns such as the Great Depression as well as the Global Financial Crisis in the 2000s. These economic crises undoubtedly affected the rest of the world’s markets but were they really accidental causes?
Before the Second World War, the Great Depression occurred. The Great Depression was triggered in America after the Stock Market Crash in 1929 and it spread to other countries soon after. Apart from that, the economic decline was also worsened by other factors such as bank failures and the American foreign policy. Thomas Jefferson mentioned
“I believe that banking institutions are more dangerous than standing armies…If the American people ever allow private banks to control the issue of currency…The banks and corporations… Continue reading →
What is the New World Order? Well historically, the term was caught on after a global address by George Herbert Walker Bush after the Cold Era. In a generic sense, the term refers to the period of significant historical change which will bring about global cooperation and a balance of powers between nation states. This could be propagated by advocating peace and diplomacy in the world.