Thursday, November 6, 2008
To what extent did this era create the world’s first global economy?
The late 1700s and early 1800s was the basis to the beginnings of a global economy because everyone was involved and everyone owned someone or something else. with the exception of perhaps Austria, all of the superpowers in Europe began to draw away from business inside their country and push towards business that had inporting and exporting. this took place immedeatly after Europe had a craze of conquering foreign lands. Once they got the land, first they enslaved their people and farmed their lands for whatever was profitable, then brought it back and traded amungst the continent. then this process evolved into a universal trade market (East India) and eventually, once territories became more absolute (mainly after Westphalia) slaves were brought to other lands to do work for the lazy Europeans. So as you can see through the confusing words covorting in front of you... sick word... that this was a time that certainly was global. ranging from the far reaches of china and asia to the east coast of North Ameriaca and most of South America not only land and people were conquered but business was set up to accomidate the world.