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Erschienen in:
2017 | OriginalPaper | Buchkapitel
3. History of Globalization: European Colonization and Bretton Woods
verfasst von : Ken Moak
Erschienen in: Developed Nations and the Economic Impact of Globalization
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Abstract
The Ottoman’s closing of the Silk Road, China’s ban on seafaring expeditions, and the Renaissance made European colonization in the fifteenth century and Bretton Woods possible. In seeking a sea route to China, France, Portugal, Spain, England, and the Netherlands conquered unknown lands, exploiting their resources, enslaving the indigenous population, and becoming rich and powerful. After a few decades of turbulence, the Allied Powers, the United States and the United Kingdom in particular, promoted international trade and investment as necessary for economic growth.