Conflict between political factions and the failures or success of economics often lead to new philosophies or intellectual ideas. These ideas bubble through society and, eventually, the art of the time reflects the new ideas.
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Europe declined in political power as empires crumbled and monarchies were replaced by democracies. There was an economic deterioration of Europe and radical revolutionary groups and movements emerged that would greatly change the political landscape of Europe. Excessive, punitive economic actions against Germany led to a wrecked economy and resentments that would eventually give rise to World War II.
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The United States stopped exchanging U.S. dollars for gold.
The Sepoy rebellion effected the climate because the government system grew stronger and more people had less complains and problems.