Amit Kumar asked:


If we see the economic history of the world for the last 100 years, we will find many important events that changed the course of world economy and politics. But we can very easily separate out the three dates, which have struck the course of world economy as much as possible.  just look to the effects of these three dates:  November 7 1917: Lenin triumphed. Communism has arrived. I 70 years. the old philosophy of a revolutionary jew regulate half of the world for 70 years and future threaten allied forces more powerful and more prosperous world. A condition is utopian in sight, where no one will be deprived of something. Nobody would be allowed to exploit anyone, and no loosing his job. The condition does not allow the greed of the rich is met by the meat of the poor.  the Russian revolution has changed the way that economic values were seen in the intellectual world. Those who believed that Marx 's philosophy of the can not succeed in the real world was stunned by industrialization voluminous Soviet condition. The global power had threatened to close once the hungry Russia, which Hitler had begun to calm, because communism was supposed to be the greatest evil that Nazism. For the next 70 years the USSR dominated economically and militarily over the world is. The world was at cross-roads after World War-1. Europe was devastating. The Germans were nell'iperinflazione and one piece of bread used to cost 24,000,000,000,000 Reichsmarks. Great Britain was no longer the undisputed leader of the world and was spreading the condition with the USA The French were considered lucky because they survived the war and received a little more land in Africa and the Far East. The Muslim world was outraged by the fall of Caliphate in Chinese and Indian Turkey.The ….. Who cares? And the future superpowers were developing quickly, very quickly. The Russians were installing the increasingly complex industrial, building increasingly the weapon and ammunition and Americans ….. were drinking coke, smoking the "Camel" and ……. STOCK purchasing more stock. The bubble was getting bigger and bigger.  Finally the day has come …..  October 29 1929: Black Tuesday, the original has changed everything. What started with this day finally swallow the entire world and pave the way for the rise of "The War" more barbaric, the world has ever seen in modern History.It took three years for the recession from turning into the depression. The government didn 't speak and didn' t want to intervene because he was a free market. Interfering with market forces was supposed to be a theory that it was Communist Haram in the capitalist world. What started in the USA, spread to Europe and soon the entire world economy leader for a doom. This was the time when Soviet Russia, began to be perceived as the ideal economic model, a condition that has checked the "Heights" payer; economy. A condition in which people were not prone to recession and depression caused devastating 20-something dall'ingordigia Great Depression Harvard MBAs.The paved the way for Hitler and Mussolini. The people, soffrente by deep economic slowdown, said the charismatic leaders. This was the period of aggressive nationalism. The Third Reich was in sight, which would include also the Urals. The Germans had not seen someone as charismatic by the Bismark. Finally, Germany had produced its own Nepolean. All Germany was swept by the popularity of "Mr Hitler", doesn 't matter even if he did vote in for "The Solution" final, for the minority of his own country. The Soviets were flexing their muscles under the direction of another legendry leader named Joseph Stalin. UK was struggling with the revolt of the people in the relevant colonies. Of the sun was finally setting. The French people were not ready to accept their status of second-rate power within their own continent. Overall, Europe was moving towards an end that war, which would change the world forever. Americans were licking their wounds, because their economic model has failed miserable. Millions of Americans were hungry, while traders were burning the stocks of wheat, just to keep prices stable. Almost one third of U.S. banks closed down. Millions of Americans have lost everything. So much so, for the "land of opportunities". As they say, the times need radical decisions radicals. The troubled times require a certain head of the country navigate through troubled waters. The S.U.A. have chosen Franklin Roosevelt in 1933. The first thing I did was to declare a bank holiday for 4 days, just to cool the system. "following, the New Deal" was announced and the USA have begun to move toward socialism. The Uncle Sam has started the construction of roads, bridges, highways without tolls and what not. Govt has started to pay and provide employment opportunities to people. Nobody could even think of such acts in a capitalist work at 4 years back. Surprisingly, the momentum has started work and the people thought that the days of capitalism were over. "The color of the cat is immaterial as long as you can interfere rats." If the Socialists can uplift people from poverty, so be it. The laboratory of capitalism had turned its back on the open market.  Karl Marx had defeated Adam Smith. Keynes beatified and has been well Hayak a pariah.  The cold war was over for political reasons. Economically, it was accepted everywhere that socialism was the only way to go and the conditions would have to check only the "Heights" payer; economy. The system has worked well for 50 years. Then he began to show stress. While the new generation has taken over, people began to become increasingly incapable. More was not moved by the emotion of war and depression. Official policy of the governments to "the inefficiency Incentives" has caused a new phenomenon, called as "Stagflation." The stagnation and inflation can not prevail together. This was suggested by Keynes, and was believed by everyone. It has been interpreted in a wrong way that the human being is not machines that could be represented in order to work always at a particular level of efficiency, without any fear or drive. People working in two circumstances, or why a certain date or put a gun to its head. Stalin believed in and later the Soviet Union has become the superpower. While the Communist government has become little more tolerant and people have realized a little freedom, the questions were sollevande about the economic model. Because the worker in Russia can not afford a lifestyle of a worker in the United States? Why should the government waste its time repairing the price of taxi in Moscow rather than sending a little of Sputniks in space? Why should I work if no one can dismiss him and no one can hold back my salary? Why should a company produce if prices are artificially fixed? Slowly and steadily, people began to realize there is something wrong with the model that followed. Change began with Ronald Regan, Margaret Thatcher and Mikhail Gorbachev. "Road to Serfdom" was back in the libraries. Hayek received the Nobel prize in one for almost an entire world 1974. adopted the theory of free market economy. Some countries have adopted uniformly during the time as China, while others have opted for "Shock Therapy" and paid a very high price for the same. The laboratory of communism Russia has adopted the change and fell anarchy. The Oligarchs "have replaced the Communists as the new exploiters of the people. Once again the world was changing its economic belief. "Markets" free, the word was fashionable. The statues of Lenin were removed from the streets in Russia. Stalingrad has turned into yet in St Petersburg. that this transformation has created a new breed of entrepreneurs in the eastern subcontinent, India. A country in which it used to require at least 3 years to suddenly get a phone line has developed into the second telecommunications market to more rapid growth of the world. The Indian software professionals are employed, and envied been cooked shirt everywhere. Suddenly the world started to take seriously Bollywood. Then, people realize that almost 30% of NASA scientists were Indians, has never learned of that fact. People have suddenly started to say that IIT is equivalent to the MIT Harvard Stanford + +. So much so for a "Third World Country" of the sick snake. The system was working well. Now, no one had an iota of doubt that the "Market" free, is the exception Hugo Chavez and Fiedel Castro.Then came 2008.Although effects dell'ingordigia excess started to get the felt only in 2007, it was not September 2008, when the world would have seen the pillars of capitalism crumble one by one during such a short period of time. One by one, the wizards of Wall Street, the dream of all the MBA, the power of the United States, the flag carrier of capitalism were aligned in front of the White House with a bowl of supplication for "Barra Out ". Initially it looked like a certain investment that gets bad and the financial institutions are in need of a loan from the government. "Dubyaman" responded by providing loans or some other teaching institutions to provide credit line. After all, accreditation and the loan is part and package of trade. Then came September 15 2008. The older I-filed for bankruptcy receive. The largest insurance company in the world was about to be part of two days. And the world has changed forever. When I opened the newspaper on 16 September 2008, was nothing short of a nuclear war. The brothers of Lehaman has filed for bankruptcy, AIG was able to follow in two days. Needless to say, everyone has lost a lot in the stock market. Gold soared, oil has fallen and only had a view on "air-; The Great Depression." AIG has been put off by "The House" white. Within the next few weeks, the United States reveal a financial package of loans to $ 700 bn. The amount is larger than the P.I.L. Pakistan and Bangladesh together. These two countries have a combined population of more than 300 million.AIG been phased out. The best word would be "nationalized."  In the old days of the Cold War, coun

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