Compare & Contrast: 19th Century Colonialism and Contemporary Globalization

P632 CHAPTER 20 Revolutions in Europe and Latin America

P645: Before 1825, most of Latin America was colonized by European tycoons

Slave trade

P656: Map of the world 1800-1914

P690 CHAPTER 22 Nationalism Triumphs in Europe

P749: The new imperialism 1800-1914

In the late 1800s Britain, France, Germany and other European powers began a scramble for American territories. Within about 20 years, the Europeans had carved up the continent and dominated millions of Africans.

P756: A scramble for colonies

P792: Colonial Southeast Asia

Imperilaism?

Globalization refers to the process by which national economies, politics, cultures and societies become integrated with those of other nations around the world.

One major effect of globalization is Economic interdependence

Interdependence: is the dependence of countries on each other for goods, resources, knowledge, and labor from other parts of the world.

Improvement in transportation and communication

The rise of Free trade: the buying and selling of goods by individuals and corporations in a free market.

Another is Multinational corporations grow

Globalization has encouraged the rise of multinational corporations

multinational corporations: have branches and asset in many countries and sell their goods and services throughout the world.

Financial Crisis Affect Everyone

Economic interdependence leads in to Financial crisis

International Organizations expand

The United Nations: Peace keeping role in the world, dealing with political, social, economic & culture issues.

IMF: Promote international monetary cooperation and encourage global economic growth.

NGOs: Variety of functions including monitoring human rights, disaster relief, and economic development.

Benefits of Global Trade:

Brings cosumers great variety in the types of goods and services that are available to them

Globalization exposes people to new ideas, technology, and communication.

Nations involved free trade have often...