HIS242H5 Chapter Notes - Chapter 1: Second International, Singer Corporation, Political Machine
Document Summary
Britain dominated global trade, investment & finance: but europe pla(cid:455)ed the leadi(cid:374)g role & (cid:373)ost europea(cid:374)s did(cid:374)"t (cid:448)ie(cid:449) a(cid:373)eri(cid:272)a as a(cid:374) e(cid:272)o(cid:374)o(cid:373)i(cid:272), cultural, or political model. The global economy: turn of the century witnessed extraordinary economic growth, technological progress & an expansion of foreign trade & investment & labor migration, european & american economies were part of a british-dominated global capitalist order. In 1880 the leading industrial powers britain, us, germany, france, russia, italy produced over. Atlantic encouraged responses such as economic concentration, protectionism, imperialism: despite tariffs & colonial expansion, capital, labour, primary products & manu goods moved in much greater quantities & with fewer restrictions due to railroad building, start of steamships. International lending, expanded foreign investment & offshore production promoted global economic integration: this globalization was centered on north atlantic nation-states & empires & linked through economic exchanges & networks.
