Political Science
HOW DID THE FIRST WORLD WAR AFFECT THE INTERNATIONAL POLITICAL ECONOMY?
1st Paragraph
• Explain the causes of World War I
• Explain the global condition before the World War I, especially in terms of economy
• How global politics react to World War I
• Explain economics reaction during World War I
2nd Paragraph
• Explain how the World War I finally came to an end
• Explain global condition during the World War I
• Explain global condition after the end of World War I
• Explain how global politics and economics situation during the World War I, i.e. how global market reacts and economics condition in countries such as the United States, Britain, Germany, etc.
3rd Paragraph
Talk about issues during interwar period, ESPECIALLY during the World War I period, such as:
• Pax Britannica > Pax Americana – transitions of;
• Ideas (liberalism / protectionism / liberalism)
• Institutions (Gold Standard or not)
– talk about advantages and disadvantages about the gold standard
– talk about why countries during the World War I abandoned the gold standard to increase money supply to pay for war > high inflation during and after the war
– explain how countries such as Britain, Germany, other European countries, and the United States react to the gold standard
• Talk about the exchange rates during this period
• Material forces (the build up to war)
• Explain the role of the League of Nations during the World War I and post World War I
– Explain whether if the League of Nations succeeded to help the world? Especially the world economy and economy in countries who joined the World War I
• How did the World War I shape the world order? ESPECIALLY world politics and economics system
• How important is economics during this period?
• Put any important quotes that is related to the economic situations during and post the World War I
Conclusion:
• Sum up everything that has written on the essay
• Give the answer to the question ‘HOW DID THE FIRST WORLD WAR AFFECT THE INTERNATIONAL POLITICAL ECONOMY?’