Globalization Powerpoint

1. Presented by Joey Petosa
BIS 300
Charusheela

2. 1492
Improved ship design allows Christopher Columbus to
travel across Atlantic Ocean in the Santa Maria and
return. The beginning of global trade and colonization
from Europe, led by Spain and Portugal

3. 1545
Spain’s Potosi silver mine in Peru opened; stimulus to
global trade, industry and inflation.

4. 1600
On 31 December 1600, a group of merchants who had
incorporated themselves into the East India Company
were given monopoly privileges on all trade with the East
Indies

5. 1650
The expansion of the slave trade was dramatic during the
seventeenth century -- and it sustained the expansion of
Atlantic Economy, giving birth to integrated
economic/industrial systems across the Ocean -- with
profits accumulating in Europe during the hey day of
mercantalism and rise of the Englightenment.

6. 1689
First packet (post) service from Falmouth to Spain.
(New York service came in 1755).

7. 1694
Bank of England founded; start of large and stable
government bond market. It is the second oldest central
bank in the world

8. 1774
James Watt’s steam engine and Richard Arkwright’s water
frame spur UK’s industrial revolution

9. 1776
Declaration of Independence – launch of United States of
America. UK develops industry and empire; leading global
power for next century. Adam Smith’s influential espousal
of liberal economics and competition, Wealth of
Nations, published

10. 1815
London becomes leading supplier of global finance

11. 1819
First steam engine powered transatlantic crossing, SS
Savannah

12. 1830
Liverpool-Manchester 31-mile railway starts a revolution;
travel speeds rise 10-fold and many lands are opened for
development (640,000 miles of track globally by 1910)

13. 1843
Opium War; UK and others force their way into China

14. 1857
After mutiny, UK consolidates its rule in India

15. 1859
Edwin Drake starts commercial oil industry at Titusville,
USA. (1870) John D. Rockefeller starts Standard Oil
Company and develops monopoly

16. 1865
1865-1914 After Civil War, USA becomes largest industrial
power. Germany, France, Italy, Russia and Japan
challenge UK's global leadership.

17. 1870
1870-1910 13% of Europe's workers emigrate to New
World to better themselves.

18. 1876/1880
1876 Alexander Graham Bell invents telephone.
1880s First electric lighting (Swan and Edison). First motor
cars (Daimler and Benz).

19. 1896
First modern Olympic Games; ideal of uniting peoples of
the world through friendly rivalry (Athens, Greece)

20. 1903
Wright Brothers make first manned aeroplane flight.
Henry Ford starts car mass-production

21. 1914
British global influence at its zenith; holds 41% of
international investments. Panama Canal opened.
1914-39 WWl, followed by recession, revolution and
decolonization, holds back globalization

22. 1917
Russian Revolution; new Soviet Union independent of
global economy

23. 1939
1939-45 WWll stimulates technology, especially in USA
(aviation, electronics, computers, radio and TV).

24. 1944
1944-6 United Nations, World Bank and IMF formed; US
dollar supremacy for next 25 years.

25. 1946
1946-75 Vietnam War (between Hanoi regime and
France, to 1954, then USA).
1946-89 Cold War; Western democracies against Soviet
bloc, with some involvement of China

26. 1971
Devaluation of dollar; end of post-war currency
regime. Agitation from oil producers for better terms.
First micro-processors. leading to personal computers
(over 600 million today)

27. 1982
1982-1987 Third World debt crisis; debt for equity swaps
lead to rise of emerging market equities

28. 1991
Market economy in Russia and Eastern Europe brings
Marxism to an end.
Tim Berners-Lee invents World Wide Web (www), leading
to global spread of internet use

29. 2001
9/11 outrages; President Bush's global war on terror.
Corporate and accounting scandals erode confidence

30. 2001
2003 US invasion aims to bring freedom and democracy
to Iraq, while curbing global terrorism

31. 2004
Framework for global agreement on trade agreed at WTO

32. Thank You