SOC 105 Lecture Notes - Lecture 8: 1973 Oil Crisis, Structural Adjustment, Hydro One
20 Apr 2016
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Document Summary
The shrinking of the world, the interconnectedness of networks. Expanding one set of western/euro capitalism in a negative light. Early international trade & colonization (1500s to 1950s) Mass systematic theft of resources from other countries (the global south) how western globalization came to be. Slave trade: enabled the us to become a powerful place was the biggest producer of cotton. Had entirely free labour that enabled them to grow cotton (us climate is not a good place to grow cotton: canada and the fur trade to the british empire. The russian revolution russia adopting communism. Independence movement in the global south (africa, india, and asia) challenge to capitalism. Fordism named after henry ford (model t4 inventor); really retooled the assembly line; impacted the living wage . The new global order, post wii: bretton woods (1944) Imf (power depends on how much you give); world bank (pro us); wto was created to re-establish europe, but have grown into bigger things.
