A History of the World Economy - Essay Example

Only on StudentShare

Extract of sample
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.
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. ...Show more

Summary

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…
Author : flatleydestany
Save Your Time for More Important Things
Let us write a custom essay on your topic
"A History of the World Economy"
with a personal 20% discount.
Find out more

Related Essays

World History College Essay
There are two notable things, however, that contributed to their conduct and condition; the type and degree of social system within the society, and the affluence of the woman's family. Of all the classical societies, those based upon Islamic law offered women a better opportunity for occupational and family contribution because of their status under the law as well as the writings of the prophet Mohammed himself.
2 pages (500 words) Essay
World History I
Parrinder, on world religions (Questia 1). The relevant information on each of the two sites is set forth below. Whose site is it Wikipedia is one of the largest online encyclopedias, with over one million articles. It is a project of Wikimedia Foundation, a non-profit organization dedicated to providing educational services to the public.
2 pages (500 words) Essay
Cigarette Taxes - Where Does the Money Really Go
Smokers generate about 22.3% of the U.S. adult population, and they are by now paying more than their reasonable share of the tax load. The government makes more money off cigarettes per minute than the normal family makes in a year. Federal taxes on cigarettes have augmented 62.5% since 2000.
6 pages (1500 words) Essay
History and World War II
It was not uncommon prior to World War Two for the schools in Brooklyn to close for the annual Sunday School Parade. 90,000 students participated in the 117th annual Sunday School Union Parade. Pretty much all the youngsters in the neighborhood participated with parents, politicians, and any other significant persons lining the sidewalks waving affectionately.
4 pages (1000 words) Essay
World History - Empires& integration
lidating territory and facilitating the exchange of culture and societies: however, in some cases, forcible empire building has left behind a legacy of alienation. Philip II (359 – 336 B.C.) can be designated the founder of the Macedonian Empire. He organized an efficient
4 pages (1000 words) Essay
World History
The general consensus was that the Japanese economy was expected to descend further into hopelessness and despair (Diplomatic Blue Book). The situation I consider to have had the biggest effect on the rapid and
5 pages (1250 words) Essay
History- World War I
What was further saddening was that the war’s trauma was equally devastating not only in the physical structure of the world but also the society and its
2 pages (500 words) Essay
History of the American Economy
The new continent of America provided excellent opportunities for all of the above-mentioned aspirations of colonists. The New World was far superior in its agricultural produce than Europe. When Christopher Columbus sat foot in the Americas in 1542, he
5 pages (1250 words) Essay
Sport and Leisure Management - Portfolio
The contract of behaviour can be found below in the document. We then planned where the event would happen, when, and how. This was done through a presentation where we explained everything that was needed; market plan, financial plan,
10 pages (2500 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT