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100 BCE
Silk Road emergence
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Period: 100 BCE to 500
Silk Road stage of Globalization
Since the beginning of civilization, people have been trading goods and products. However, trading was purely local or regional. The first step of civilization was the silk road. By that time, Asia and Europe were mainly controlled by two huge empires (China and Rome), because of that the exchange of luxury goods (silk was the principal product that Europeans wished for). -
622
Muhammad starts to predicate Islam
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Period: 622 to 1491
Spice Fever stage of Globalization
Due to the fall of the West Roman Empire and the Jin Dynasty, the Silk Road disappeared. However, when Islam spread around Afro-Eurasia, Islamic merchants help to reestablished trade between the Chinese and Monoglic Empires and European Empires. -
1271
Marco Polo travels to China
At that time, China was ruled by the Mongols. -
May 29, 1453
Fall of Constantinople
The fall of Constantinople forced Europeans to discover new commercial routes to get to the Indias. -
Period: 1492 to
Colonial Stage of Globalization
When Colombus arrived in The Americas, the Europeans began a series of conquest that result in the European control of The Americas. During this time there were introduced goods in Europe, such as potatoes, tomatoes, coffee, and cocoa. -
Oct 12, 1492
Colombus arrives in Santo Domingo
Colon wanted to reach India by traveling through the Atlantic Sea, however, he ignored that he would find a different continent. He wasn't the first European to arrive in the Americas; matter of fact, Leif Erikson was the first traveler to do that. It is a myth that the medieval Europeans used to believe that the Earth was flat, since the Ancient Greek people knew that it was a sphere. Colon's travel was rejected because he thought that Earth was smaller that it is actually. -
Period: to
First wave of Modern Globalization
When the First Industrial Revolution began in Great Britain, transportation costs decreased. This allowed British merchants to export manufactured goods around the world. -
Beginning of the First Industrial Revolution
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The First World War starts
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Period: to
Second Wave of Modern Globalization
During this period of time, the US gained the status of superpower and began to exchange goods with its allies. However, the country maintained the status of a manufactory country, they used to produce material goods that were exchanged with the NATO countries and the Latin American ones. The URSS also fulfilled this role, but with the countries that were in the Warsaw Pact (and China when they had good relations between them). -
The Second World War ends
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The OPEC decides to increase oil prices
Because of the help of the Western World to Israel, the Arabic countries decided to increase oil prices, which led to an economic crisis. Mexico had an important chance to become an influential country during this time, however, the government wasted it. -
Period: to
Third Wave of Modern Globalization
The US began to become only a producer of services and many of its national companies began to manufacture their products in third world countries. Ronald Reagan and Margaret Thatcher began to make policies that reduce "the State size". -
Robert Cailliau and Tim Berners-Lee create the World Wibe We
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Great Recession
The Great Recession was caused by an economic bubble produced by the banks. Many of the US banks were lending a lot of money (which huge interests) to people who couldn't pay. (The date it's arbitrary, it is the day when Lehman Brothers Bank declares formally its bankruptcy). -
Period: to
Fourth Wave of Modern Globalization
Nowadays, the internet has modified the economy around the world. The digital economy exchanges goods and services between all countries. E-commerce is now a reality.
