Historical Precedents of Global Markets
During the 19th century, European countries not only industrialised heavily but they also traded with each other and with overseas areas in an until hitherto unkown degree. By 1913, a globalised economy has emerged, which -after the draw-back of the two world wars and the disentagration of the world economy occurring between these wars- did not reappear before the 1960s or even the 1970s. The paper presents the hitorical precedents to global markets.
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