The 1850s as Turning Point: The Birth of Globalization? - Trade and International Business
5 important questions on The 1850s as Turning Point: The Birth of Globalization? - Trade and International Business
What was the main purpose of improved transportation and related policies?
How did African involvement increase?
Which trade played an important part in this explosion of trade?
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What two economic developments fueled the expansion of international companies?
- The second development involved setting up production plants in various parts of the world, taking advantage of technological knowhow while seeking to squeeze out potential local competitors and also reducing shipping costs.
What inevitable corollary did the expansion of trade and banking have? What changed?
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