August 5 1926: Charles Stewart is elected leader of the Liberal Party of Canada, replacing William Lyon Mackenzie King (whose resignation was a condition of Progressive Party support for a motion of no confidence against Arthur Meighen).
September 26 1926: Following the election victory for the Liberal-Progressive Fusion, Charles Stewart becomes Prime Minister of Canada. Canada's new Minister of Customs and Excise, Robert Forke, begins dismantling the country's protectionist tariffs.
October 11 1927: With both parties increasing their seats in the Irish Free State's recent general election, Fianna Fail and the Irish Labour Party form a coalition government under Eamon de Valera. The peaceful transition of power surprises some but bolsters confidence in the still nascent democracy. In return for supporting FF's goal of "republicanising" the constitution, Labour is able to switch some government support from agriculture to developing a new industrial base. However, the withholding of land annuity payments to the British leads to a tariff war.
April 4 1928: After the fall of Beijing to the National Revolutionary Army, Manchurian warlord Zhang Zuolin begins negotiating a truce with the Kuomintang. Manchuria remains seperate from the rest of China, under Zhang's rule.
September-October 1928: Angered by Trotsky's continued agitation for more rapid industrialisation and alarmed that his sabre-rattling threatens the alliance between the Chinese Communist Party and the Kuomintang, Bukharin orchestrates his expulsion from first the Central Committee and then the Communist Party, and finally forces him into exile in Turkey.