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Global Spread: Gold Standard
The stock market crash of October 1929 led directly to the Great Depression in Europe. When stocks plummeted on the New York Stock Exchange, the world noticed immediately. ... The gold standard was the primary transmission mechanism of the Great Depression
The February Revolution was the first of the two revolutions that took place in 1917 and that ended for good the tsarist Russian Empire.
The revolution emerged near Petrograd (current St.Peterburg) that was the capital of Russia at the time. Russian people was disatisfied with the monarchy and the food rationings. Mass demonstrations were celebrated and there were violent confrontations against the police and gendarmes that remained loyal to the tsar (while the army sided with the revolutionaires). <u>This conflict led to the abdication of Tsar Nicholas II and to the end of the Romanov dynasty. </u>
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The Pope was in charge of rights they were given