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 in Modern History
Globalization is good because it provides the world with more efficient markets, increases competition leading to better goods, generates wealth in all parts of the world and builds and stabilizes security. Globalization is steadily growing as technology allows individuals within each country to communicate with people previously out of reach.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 >
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 >
Explorer Hernan Cortes went to Mexico on a quest for wealth and to spread Roman Catholicism by converting the natives into Christians. Although his commission to lead an expedition was rescinded by the governor of Cuba, Diego Velasquez, Cortes disregarded the order and sailed for Mexico in 1519.Full Answer >