World economy charts, business frameworks and diagrams
Following Iran’s 1979 revolution, oil prices surged, sparking recessions globally and illustrating how political upheaval can dramatically affect the world economy. The Oil Shock, triggered by the Iranian Revolution, marked one of the most significant disruptions in modern energy and View diagram 1979 Oil Shock: Iranian Revolution and Global Economy
In 1989, the Berlin Wall fell, symbolizing not just political freedom but also the collapse of centrally planned economies across Eastern Europe.
The 2008 Global Financial Crisis started with U.S. subprime mortgages but spread worldwide. It led to massive bailouts, new regulations, and reshaped how we see banks.
The East India Company controlled half of global trade at its height. It even had its own private army, larger than Britains official forces.
The U.S. Social Security Act of 1935 introduced pensions and unemployment insurance, becoming one of the most important social safety nets in history.
The Marshall Plan (1948) pumped billions into rebuilding Europe after WWII. It helped revive Western Europes economies and contain Soviet influence.
In 1928, the Soviet Union introduced the first Five-Year Plan. It aimed to rapidly industrialize the USSR but came at the cost of famine and hardship.
The Great Irish Famine (18451852) devastated Irelands economy, forcing mass emigration. Over 1 million died, and another million left, reshaping global demographics.
The ‘Nixon Shock’ of 1971 ended the gold standard, detaching the U.S. dollar from gold. Since then, money has been fiat currencybacked only by trust in governments.
In the 1980s, Margaret Thatcher privatized many British state-owned companies. This shift toward free markets became known as ‘Thatcherism.’