making of the global world.pptx
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The document discusses the history of global trade and economic development from the 16th century onward. It notes that European sailors finding sea routes to Asia and America in the 16th century helped shrink the pre-modern world and expand trade networks. This included the Spanish and Portuguese conquering parts of America and accessing precious metals. It led to thousands of Europeans migrating to America and the use of African slave labor in the Americas. By the late 19th century, European powers had largely carved up Africa for its natural resources. The document then discusses several topics related to the global economy and trade in the early 20th century.
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required that all goods be transported in their ships, and forced European
New World colonists to trade only with the mother country, even if
smuggling made such a policy somewhat porous. Mercantilist ideas also
led to policies that states should use their own raw materials to
manufacture within their own borders anything that was imported, an
action we saw the English take in the early 1700s to keep Indian cotton
textiles out. Although mercantilist policies did indeed lead to the
establishment of industries in European states, industrialization itself was
not the object: keeping gold and silver from flowing out of the state and
enriching others was. European states were obsessed with their silver
stocks: ‘‘the more silver, the stronger the state’’ was how a German once
put it.40
In these inter-European wars, the fates and fortunes of various states
rose and fell. As we have already seen, by the end of the sixteenth century,
Spain’s power had begun to wane, and Portugal proved to be too small to
mount much of a challenge to the French (or Spanish) in Europe, or to the
Dutch in Asian waters. The Dutch, being among the first Europeans to
apply vast amounts of capital to their trading enterprises in both Asia and
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led to policies that states should use their own raw materials to
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making of the global world.pptx
- 7. These routes proved to be a great source of trade and cultural-links between distant parts of the world.
- 10. Conquest, Disease and Trade : The pre-modern world shrank after European sailors found a sea route to Asia and America in the 16th century. The Indian subcontinent was central to the trade, but the entry of Europeans helped to expand this trade towards Europe. The Spanish and Portuguese were the first European to conquer America in mid – 16 century. Precious metal, silver, found in the mines and financed its trade with Asia. Legends spread about EL Dorado, the fabled city of gold in South America.
- 11. Affected CHILD – by small pox
- 12. As a result, thousand od European moved to America and slaves captured in Africa worked in plantation of cotton and sugar for European market. Europe emerged a the centre of world trade.
- 23. In 1885, the big European powers met in Berlin to complete the carving up of Africa between them. They wanted to split Africa into separate states in order to gain control over the continent's abundant natural resources for development of their industrial sector. The conference lasted for three months and r= resulted in the split up of Africa into fifty states. Britain and France made vast additions to their overseas territories in the late 19th century. Belgium and Germany became a colonial powers.
- 31. Indian indentured labourers in a cocoa plantation in Trinidad, early 19th century
- 34. HOSAY
- 35. Rastafarianism – Jamaican reggae star (Bob Marley) Chutney music
- 44. The trade routes that linked India to the world at the end of the 17th century.
- 46. FIRST WORLD WAR
- 47. FIRST WORLD WAR – FIRST MODERN INDUSTRIAL WAR
- 54. ASSEMBLY LINE – CONVEYOR BELT The assembly line forced workers to repeat a single task mechanically and continuously – such as fitting a particul part to the car – at a pace dictated by the conveyor belt.
- 61. US AND THE GREAT DEPRESSION
- 66. REBUILDING A WORLD ECONOMY : The Post-War Era Vast parts of Europe and Asia were devasted and several cities were destroyed.
- 68. Vast parts of Europe and Asia were devasted and severalcities were destroyed. Reconstruction was long and difficult task. Two crucial influences shaped post-war reconstruction: The US emerged as the world’s dominant political and economic power after the war. Soviet Union became super power. It defeated Nazi Germany.It transformed itself from an agricultural country into a world power and as a leader of the communist bloc, Soviet Union posed a great threat to the capitalist economy Post-War Reconstruction
- 69. Post-War Settlement and the Bretton Woods Institutions From inter-war economic experiences, two key lessons are drawn by the economist and politicians: The first lesson is an industrial society based on mass productioncannot be sustained without mass consumption. Mass consumption needed high and stable incomes. Stable incomes require steady and full employment, for this government should take necessary steps. The second lesson related to a country’s economic links with other countries. The goal of full employment could only be achieved if governments had power to control flows of goods, capital and labour.
- 74. CONDITION OF DEVELOPING NATIONS
- 79. THANK YOU