Globalization: The First Phase in 1840-1910 Essay

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Outline

Overall, after the evaluation of facts, it appears that in the nineteenth century the process of globalization did not develop as rapidly as it can be seen nowadays; however, during that period the main objective laws of this process firmly entered the world’s society along with the political and economical areas.

Introduction

Since the nineteenth century, the phenomenon of globalization can be described as a dominating power behind the major business and sociological developments all around the world. In the following paper, the main tendencies in the world during the first phase of the process of globalization will be discussed. Overall, after the evaluation of facts, it appears that in the nineteenth century the process of globalization did not develop as rapidly as it can be seen nowadays; however, during that period the main objective laws of this process firmly entered the world’s society along with the political and economical areas.

Main body

The main tendencies in the world which caused the beginning of the process of globalization in the 1840s were the international migration of capital and people, the development of new technologies and the new industrialism, and colonial politics of the major players in the political arena of the globe (Frieden 14, 22, 36, 51). All of that established new rules of interaction between countries and individuals. The other significant change occurred in the area of international trade. Since the middle of the nineteenth century “free trade” between countries replaced the former concept of closed colonial trade networks and Mercantilism.

The first phase of the process of globalization became marked with several important events. In the 1840s, Britain’s market revolution has become a central event for establishing a new type of economical relations between the capitalistic countries. During the same period, beginning in Britain the process of industrialization has changed economical and political relations between countries. Industrialization perfected the process of manufacturing and transporting goods worldwide. New means of the movement were invented including steamships and fast trains. Traders were the category of people who benefited from such results of industrialization to the biggest extent. This, in turn, led to the other important phenomenon. The population of the capitalized world and some other countries became urbanized. Besides, industrialization improved the means of communication between people which also assisted the advancement of the process of globalization. The role of Great Britain during the first phase of globalization seems to be central as this country became a dictator of all the major tendencies and developments in political, economical, and social spheres. Britain’s example was followed by the other industrial, economical, and colonial giants including France, Germany, and the new and ambitious player on the world’s scene, the United States of America.

After the 1840s, globalization is in constant progress (Frieden 50). The progress of interdependence in the world economy is based on the rapid technological change and the transformation of the governments’ policies and their approaches to international trade. Such tendency is explained by the fact that the possibilities to realize the trade relations all over the world without references to the states’ borders contributed to working out and the implementation of procedures according to which the principles of fixing the quotas, tariffs, and taxes were changed.

Conclusion

As a final point, the process of globalization or the process of expanding and deepening of the integrating processes and been in its ever-growing condition since the 1840s. This process is caused by the international migration of capital and people, the implementation of new technologies and the new industrialism, and colonial politics led by superpowers since the late Middle Ages.

Works Cited

Frieden, Jeffry. Global Capitalism: Its Fall and Rise in the Twentieth Century, New York: W.W. Norton Press, 2007. Print.

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IvyPanda. (2022, February 1). Globalization: The First Phase in 1840-1910. https://ivypanda.com/essays/globalization-the-first-phase-in-1840-1910/

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"Globalization: The First Phase in 1840-1910." IvyPanda, 1 Feb. 2022, ivypanda.com/essays/globalization-the-first-phase-in-1840-1910/.

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IvyPanda. (2022) 'Globalization: The First Phase in 1840-1910'. 1 February.

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IvyPanda. 2022. "Globalization: The First Phase in 1840-1910." February 1, 2022. https://ivypanda.com/essays/globalization-the-first-phase-in-1840-1910/.

1. IvyPanda. "Globalization: The First Phase in 1840-1910." February 1, 2022. https://ivypanda.com/essays/globalization-the-first-phase-in-1840-1910/.


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IvyPanda. "Globalization: The First Phase in 1840-1910." February 1, 2022. https://ivypanda.com/essays/globalization-the-first-phase-in-1840-1910/.

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