A History of the World Economy

College
Essay
Miscellaneous
Pages 4 (1004 words)
Download 0
The evolution and transitions of the world economy have not been a smooth one. Since the era of the barter system, at no time in the period of human history has economy seen so many changes, and the changes have been turbulent at times, like before and after the world wars…

Introduction

However, it remarkably focuses on the gains and resilience of the free world economy. It systematically traces the origins and ultimate arrival of a global order now ubiquitously termed as globalization.
The industrial revolution in the early 18th century ushered in an era from when there has been no looking back. Be it political, social or economical developments, changes had started happening, and happening fast. Too fast for philosophers and researchers to apply the prevalent principles and pinpoint which way the world was headed and how best to keep matters under control to avoid situations running out of hand.
Unknown then, the world was inexorably headed towards two world wars when the globe caught in the destabilizing politics of world domination by different European countries and exultant with the benefits of the new inventions like the "Morse Code" telegraph and the steam engine, did not think what could happen to a globe as a result of selfish motives.
And when the wars did take place in two quick successions it was too late to put in place a proper political and economical order. It also led to a debilitating depression when the political framework and economic structures had lost their moorings and had to be restructured from a scratch.
None would challenge the view that the concept of globalization existed well before its actual ascendance. ...
Download paper
Not exactly what you need?

Related papers

A History of the World Economy
However, it remarkably focuses on the gains and resilience of the free world economy. It systematically traces the origins and ultimate arrival of a global order now ubiquitously termed as globalization.…
Terrorism Affecting The World Economy
To trigger development, it encouraged the formation of rural enterprises, liberalized foreign trade and investment, introduced education reforms, and invested heavily in industrial production. In several peak years, the GDP hit as high as 13 % and today the per capita income has quadrupled compared to what it was 15 years and if the predictions by various analysts hold true, the Chinese economy…
World History College Essay
The condition of women within a particular society was dramatically impacted by the amount of socialization the central culture had developed. For example, India had a heavy caste system wherein women were viewed as weak, frivolous, unimportant, etc. (AUTHOR # 1 132). The fact that the social system perceived women in such a negative light, and was then too inflexible to accommodate change,…
World History I
Questia is the world's largest online library of books and journal articles. Both sites are academic in nature, with no special interests.…
History- World War I
Foremost, WWI was fought in different areas and has involved, either directly or indirectly, more countries than any other wars in Europe, Asia, and other parts of the world. Main action of the war occurred in Europe but parallel events also occurred in Africa, Middle East, and the Pacific. The main actions of the war were in the Western Front which stretched in an unbroken line of trenches from…
World History
In the 21st century, women now make up 44% of the work force compared to women barely working outside of the home at all in the medieval period (Waite 2002). During Medieval times, Stuard (1993) points out that it was the male that had almost all of the legal say so over the rights of his family, land ownership, and further, even holding a position of dominance in marriage as well. However, many…
History World War II
90,000 students participated at the 117th annual Sunday School Union Parade1. Pretty much all the youngsters in the neighborhood participated with parents, politicians, and any other significant persons lining the sidewalks waving affectionately. Religion was a major part of life in the United States prior to World War Two. It was religion that the soldiers took with them to war. And, it was…