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New World Order Timeline: 1929: Wall Street Clash
1929-1933: Great Depression
July 1944: at Bretton Woods in the USA, representatives of 44 allied states met to
discuss how to stabilise the world economy once World War II was over
1945: Division of East and West Europe
1948: a number of countries established an agreement to regulate trade between
nations the General Agreement on Tariffs and Trade (GATT) later changed to
World Trade Organisation
1940s-1950s: Nuclear weapons built by USA and USSR
1962: China was a Soviet ally until then
1963: Organisation of African unity was founded
1968: Nuclear Non-proliferation Treaty signed
1988: Colonel Mengistu, the Ethiopian leader, went to Moscow to ask for military aid,
Gorbachev turned him down. Mengistu then returned to Addis Ababa, publicly
renounced communism and tried to turn Ethiopia into a multiparty democracy
1988: Benin, West Africa removes from communism
1989- today: Regions previously isolated have become more closely connected resulting
in a “global economy” The world has become a ‘global village’.
2 May 1990: NP started talks with Mandela lasted 2 days
1990s: one dominant power USA
1991: SA signs Nuclear Non-proliferation Treaty
1994: SA democracy
1997: Mobuto is overthrown by Joseph Kabila’s forces
1997: RDP is replaced by a new economic initiative, called the Growth, Employment and
Redistribution (GEAR) policy
1999: a WTO summit meeting in Seattle, USA, was targeted by angry demonstrators
unfair terms of trade; international debt burdens; and unpopular IMF and WB
programmes
2002: African Unity was founded
2005: Doha Rounds started WTO has tried to promote lower tariffs on agricultural
products in order to help less-developed countries find markets for their exports and
increase their foreign earnings. The Round has not yet been completed.
2008: America and other developed economies were hit by a severe recession
2008: The global financial and economic crisis
In 2010, 46 million Americans (15% of the total population) were living below the
poverty line
2010: The National Planning Committee produced a programme known as the New
Growth Path (NGP) and in 2011 a National Developmental Plan was adopted as official
policy
December 2010: BRIC changes to BRICS
June 2011 Trevor Manuel, Minister in the Presidency presented the report of the
National Planning Commission and a vision of South Africa without poverty or
inequality by 2030
2020s: China will overtake America
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