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Unit 2: Networks of Exchange Period 2 – c. 1450 to c. 1750; Unit 3: Land-Based Empires Unit 4: Transoceanic Interconnections Period 3 – c. 1750 to c. 1900; Unit 5: Revolutions Unit 6: Consequences of Industrialization. Period 4 – c. 1900 to the present; Unit 7: Global Conflict Unit 8: Cold War and Decolonization Unit 9: Globalization
The historical origins of globalization (also known as historical globalization) are the subject of ongoing debate. Though many scholars situate the origins of globalization in the modern era (around the 19th century ), others regard it as a phenomenon with a long history, dating back thousands of years (a concept known as archaic globalization ).
Great Divergence. Maddison's estimates of GDP per capita at purchasing power parity in 1990 international dollars for selected European and Asian nations between 1500 and 1950, [1] showing the explosive growth of Western Europe and Japan in the 19th century. The Great Divergence or European miracle is the socioeconomic shift in which the ...
The period from 1870 to 1914 represents the peak of 19th-century globalization. First globalization is known for increasing transfers of commodities, people, capital and labour between and within continents. However, it is not only about the movement of goods or factors of production. First globalization also includes technological transfers ...
Interwar years: 1921–1933. In the 1920s, American policy was an active involvement in international affairs, while ignoring the League of Nations, setting up numerous diplomatic ventures, and using the enormous financial power of the United States to dictate major diplomatic questions in Europe.
2008-2009 : during the Great Trade Collapse, a drop of world GDP of 1% caused a drop of international trade of 10%. In 2013, China began its economic integration and infrastructure project, called the Belt and Road Initiative. 2014: India launches its Make in India initiative and announces its Act East Policy.
e. Globalization, or globalisation ( Commonwealth English; see spelling differences ), is the process of interaction and integration among people, companies, and governments worldwide. The term globalization first appeared in the early 20th century (supplanting an earlier French term mondialisation ), developed its current meaning sometime in ...
The economic history of the world encompasses the development of human economic activity throughout time. It has been estimated that throughout prehistory, the world average GDP per capita was about $158 per annum (adjusted to 2013 dollars), and did not rise much until the Industrial Revolution. [citation needed]