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1492
Discovery of America
Christopher Columbus in 1492, accelerated the process of globalisation. -
Atlantic Slave Trade
The Slave trade connected the New World, Europe, and Africa together. -
Invention Steam Engine
Steam power overcame the limitations of using relatively weak men or tired horses to do grunt work and sped factories along at a pace never before seen. -
Introduction steamship
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The Great Depression
The decline of stock prices which caused the stock market crash drove the economy down and future changes were made to the banks. -
World War II
Trade policy change is examined in the five largest trading economies—Britain, France, the Federal Republic of Germany, Japan, and the United States. Structural economic causes best explain why protectionist tendencies were so strong, and why they were weakest in the United States and the Federal Republic. -
United Nations Creation
The creation of the United Nations in 1945 showed connections and interdependence between the economies of the world. It allowed for the promotion of institutions. -
Armstrong Lands on the Moon
Represented the culmination of decades of work for NASA -
World Wide Web Creation
Allowed for humans all around the world to connect via on the web. -
WTO Creation
Trade economists have developed a conceptual framework for examining how trade opening can affect the environment.
