Ukraine declares independence from Russia. A civil war breaks out between the numerous rival governments vying for control of the nation.
Joseph Stalin introduces his first five year plan for the Soviet Union. This plan leads to rapid industrialization in Ukraine with industrial output increasing fourfold by the onset of World War II.
The Soviet policy of collectivization in the agriculture industry creates a massive man-made famine during which approximately 7 million Ukrainian peasants died.
Nazi occupation of Ukraine from 1941 to 1944 devastates Ukraine, as much of its industrial infrastructure is destroyed.
Ukraine declares independence from the Soviet Union.
The hryvna is introduced as the new national currency.
The global financial crisis causes the price of steel, one of Ukraine's main exports, to crash. Many foreign investors pull out as the value of the hryvna plummets. The International Monetary Fund (IMF) offers Ukraine a $16.5 billion loan to help deal with the economic crisis.
Tens of thousands of protesters take to the streets across the nation to protest the government's sudden decision to abandon plans to sign an association agreement with the European Union.