First globalization

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"First globalization" is a phrase used by economists to describe the world's first major period of globalization of trade and finance, which took place between 1870 and 1914. The "second globalization" began in the 1970s and continues today.[1]

Sources[edit]

  1. ^ Piketty, Thomas (2014). Capital in the twenty-first century. Belknap Press. p. 28. ISBN 067443000X.