Mongolia: History
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Following the unification of the Mongol tribes, Genghis Khan launches a campaign of conquest. His sons and grandsons create the world's biggest land empire.
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The Manchu (Qing) empire conquers southern Mongols, creating inner Mongolia.
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The Qing empire offers protection to the northern Mongols, creating Outer Mongolia.
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The Qing dynasty falls; Russia and the Republic of China recognize Outer Mongolia's autonomy after it declares independence.
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With Red Army support, Mongolian revolutionaries drive out Chinese and Tsarist forces and install the Mongolian "people's government".
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Yalta conference preserves the Soviet's control in Mongolia, and Mongolians vote for independence in a UN plebiscite.
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The IMF approves $40 million for low-interest loans for three years to help reduce poverty and boost economic growth.
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Russia writes off all but $300 million of Mongolia's debts.
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Mongolia and Rio Tinto-owned Ivanhoe Mines reach an agreement on stakeholding in the massive Oyu Tolgoi copper mine.
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Mongolia reaches an agreement worth over $5 billion with the IMF and other international partners on the condition that it will implement fiscal reforms and strengthen its banking system.
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The Mongolian Great Khural, Mongolia's unicameral legislature, amends the constitution to limit presidential terms to six years.
Sources:
BBC NewsBritannica