HIS242H1 : HIS 242H1
Document Summary
Week one- one world ends and another begins. European traders, travelers and investors: rest of the world was being increasingly drawn into a single world economy with. Europe at its hub: european mercantile practices, international accounts for companies all over the world were usually settled in london, british firms owned 70% of the world"s shipping, freer international trade was the capstone of this classical-liberal system. In 1914, europe was the source of 83% of the world"s foreign investments. Imperialism: enterprise of the late 19th century- the direct seizure of immense tracts of land around the world, all around africa except liberia and ethiopia, russia established itself as a major pacific power with the completion of the. European settlement: europeans were able to defend their world empires in 1914 because of their near monopoly of modern military force, it was unheard of for native forces to gain more than a temporary advantage over the europeans.
