Second Industrial Revolution: Capitalism and Imperialism 1870-1914
Item 5. The Second Industrial Revolution: Imperialism and the Era
It should be noted that both phenomena may be framed in the period 1870 to 1914 and have in common that they involve the global expansion of the capitalist model and its consequences: the globalization of the capitalist economy.
1 – New Forms of Capitalism
1.1. The Spread of Industrialization
Britain is the world’s leading power due to its control of trade. London is the capital of international trade, and its currency is sterling. To
Read MoreArgentina’s Transformation: 1880-1916, Economy, Society, and Politics
Argentina’s Transformation: 1880-1916
Economy, Society, and Politics
Between 1880 and the First World War, Argentina experienced a period of unparalleled progress. This began with the presidency of Julio Argentino Roca, ushering in what was to be called “Modern Argentina.” The generation of 1880 reflected a pattern of an agrarian, exporting, liberal, and positivist country. This rapid growth was a result of Argentina entering the market internationally as a producer of raw materials, particularly
Read MoreImpact of Globalization on Economy, Environment, and Society
Globalization: An Overview
There is talk of a global exchange of capital, referred to as financial globalization, and of goods and services. However, while capital is now globalized, trade in goods and services is not fully globalized.
The World Trade Organization is responsible for regulating global exchange, which tends to favor wealthier nations. What is even less globalized are workers, who cannot move freely. There is a movement called anti-globalization that opposes globalization as it currently
Read MoreEconomic and Agricultural Terms: A Comprehensive Glossary
Trade and Economic Policies
Fee: A border tax or fee that is levied on imports. Along with quotas, it is one of the instruments typical of protectionist trade policies. In Spanish history, the famous Canovas tariff of 1892 oriented the Spanish economy towards protectionism. This protectionism continued until 1986 (the year of joining the EU) and hurt the competitiveness of the Spanish economy.
Balance of Payments: A document that collects all the economic transactions of a country with others, i.e.
Read MoreReconquista: Christian Kingdoms in Medieval Spain
**Item 5. Introduction**
The Cantabrian strip was unattractive to Muslims, and it became the primary focus of resistance. As there was no intention to reconstruct the Visigothic kingdom, one cannot speak of conquest and reconquest.
**The Astur-Leonese Kingdom**
It originated in the Cantabrian ledge with the victorious Battle of Covadonga. After tax payments, the capital reached Duero Leon. Then, a period of crisis occurred with the formation of Castile and the height of Muslim power.
**The Kingdom of
Read MoreNatural Resources and Agricultural Spaces Worldwide
Distribution of Natural Resources in the World
Energy Resources
The distribution of resources on the Earth’s surface is very uneven, as it is the result of a long period of geological processes in determining sites. Some regions have many resources, while others have very few. The larger the extension of a country, the more deposits it will have. Russia, Canada, the United States, and Australia have mineral reserves, and mineral resources have not half the fuel of the world. China and Brazil do not
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