The 20th century is defined as the time period running from January 1, 1901 to December 31, 2000. The British, Chinese, Russian, German, Ottoman, and Austro-Hungarian empires dissolved in the first half of the century, with all but the British, French, and Japanese empires collapsing during the course of World War I, and Russia transformed into communist state of Soviet Union. The inter-war years saw a Great Depression cause a massive disruption to the world economy. Shortly afterwards, World War II broke out, pitting the Allied powers against the Axis powers which eventually resulted in a... total victory for the Allies, at the cost of over 60 million lives and the complete devastation of many nations. Remaining colonial empires dissolved shortly after the war. As a means of preventing future world wars, the United Nations was formed; however, competition between the two new superpowers, the Soviet Union and the United States, resulted in the Cold War, which would dominate geopolitical life for the next 45 years.
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January 1, 1901 - December 31, 2000
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