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The transition from commodity plunder to capital plunder worldwide
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It began in the United States and Germany.
It was based on the use of new energy sources and changes in work organization. -
It devised new system to sell the increased production. INTERNATIONAL TRADE- It acquired a global dimension because of improved transportation methods and the growth of industrial production.
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Shorten the space-time distance
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America forced China to be shared by all at the conference in Washington.
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The United States, Soviet Union and Britain discussed redrawing the world
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Mark the beginning of a bipolar pattern