Globalization began with early contact between societies through trade and war but accelerated significantly starting in the 1500s with European expansion. The United States came to lead globalization after World War 2 when it emerged as the dominant economic power. Globalization can be seen on military, economic, and societal levels, with U.S. dominance strongest militarily but waning economically as power disperses among more international players.

1. Globalization and American Power

2.  Globalization: the concept of acceleration of
the movement of capital, goods, people, and
information around the world.
◦ It began with an older concept: the first
contact with one another through war,
trade, and disease
◦ Didn’t reach global proportions without the
expansion of European trade and influence
in the 1500’s
◦ The US recently took lead in Globalization
 When the US emerged from WWII as the
economic leading power of the world

3.  Globalization can be seen as in three
levels
◦ Military Power  Where America
obviously dominates
◦ Economic Power  where its
between one && several key figures
◦ Transitional Relations outside of
government control

4.  Itis beginning to
point toward a
break down of
powers among
each nation &
gaining a need for
new international
players
◦ Soon, America
might not be able
to hold onto sole
dominance in the
global ring.