While some historians trace the history of globalization back to classical antiquity, most agree that modern globalization begins with industrial and imperial developments in Western civilization and their subsequent worldwide impact. Both of these components are intrinsically connected to the expansive character of 19th century capitalism.Know More
The first glimpses of globalization occur in the ancient world, where thriving trade networks developed in the Mediterranean world and in the Indus River Valley. By the Islamic golden age, these markets were integrated, and cosmopolitanism was enhanced not only through trade, particularly by Jews and Muslims, but through the pilgrimage-oriented faith of Islam itself. By the early modern period, trade, exploration and colonialism brought new sources of raw materials and burgeoning markets for European states. It also saw the rise of capitalism and the advent of a powerful European merchant class.
By the 19th century, European conquest and imperialism interwove Western economies with others worldwide more deeply than ever before, leading to a more recognizable regional separation between industrial and agrarian economies, while the world economy itself became almost completely devoted to capital accumulation. While the process of globalization lagged after World War I, it rebounded in the decades following WWII, largely due to significant reductions in shipping or transportation costs, the elimination of many tariffs, more consistent support of intellectual property rights across international boundaries and the creation and sustenance of specialized subsidies for both small businesses and global corporations, just to name a few.
By the 20th century, advances in communication and social media technologies contributed to increased capabilities in crossing cultural and linguistic barriers, another boon for globally integrated business.Learn more about Modern History
Martin Luther is well known as the Father of Protestantism, and he is famous for initiating the Protestant Reformation and changing the course of Western civilization. He spread the teaching that all men are equal and that people can only receive salvation when they attain true faith in Jesus.Full Answer >
Michelangelo Buonarroti created numerous masterpieces that had a part in defining Western civilization and that have been admired and studied for centuries. He is widely considered to be one of the greatest artists who ever lived.Full Answer >
World War II was the deadliest and most destructive war in history. The battle resulted in an estimated 50 to 85 million civilian and military casualties over six years.Full Answer >
Britain sold opium to China in return for the many Chinese commodities the British people craved as an alternative to using silver as a medium of exchange. The British had no domestic source of silver, whereas opium from Northeast India was available cheaply in large quantities from the British East India Company.Full Answer >