GEOG 1001 Chapter : Europe History Economic And Politics
Document Summary
Colonialism: capitalism, resources were needed from abroad, europeans began to domination world trade, improvements in navigation and weaponry, gold from the new world, rise of industrial capitalism. Industrialization: industrial revolution, technology systems, three waves, britain, northwestern europe, the rest of europe, golden triangle, europe"s industrial core. Imperialism and war: trading empires, expansion of overseas territories, disruption, wwi, great depression, wwii, rebuilding, marshall plan, state socialism. Legacy of state socialism: eastern europe becomes a buffer zone, iron curtain, satellite states, command economy, comecon, industrial growth, but drab cityscapes. Reintegration of eastern europe: fall of state socialism, market reforms, reintegration, cheap land and labor has brought in a foreign investment, inflation, unemployment and homelessness appeared quickly, countries still struggling, countries well integrated. Economy: 35% of worlds exports, 43% of worlds imports, high levels of material consumption, regional income disparities, welfare states, high levels of taxation, social housing, pensions and unemployment benefits.
