Questions and Answers
Silk roads were ancient network of trade routes that connected the north and the south.
False
Silk was a common product for trading on the Silk roads due to its availability in abundance.
False
Spices played a significant role in the intercontinental trade between Asia and Europe on the Silk roads.
True
The 16th century marked a time when Europeans built trade connections on their own terms and engaged in colonization of various regions.
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Silk roads mainly facilitated trade within individual countries rather than promoting trans-border relations among different nations.
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During the 16th century, sponsored expeditions by European countries were primarily focused on finding new technological advancements.
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During the first wave of globalization in the 19th century, people shifted from industry and commerce to farming and agriculture.
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Advantages of the first wave of globalization included the invention of machines to spin and weave cloth.
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One of the disadvantages of the first wave of globalization was the improvement in worker's housing conditions.
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Globalization 4.0 in the 20th century is considered the golden age of globalization.
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In the first wave of globalization, coal was widely used as a source of power.
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The First Industrial Revolution occurred during the third wave of globalization in the 20th century.
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Study Notes
History of Globalization
- The Silk Roads are ancient networks of trade routes that connect the East and West, facilitating the exchange of goods and services.
- Silk, a luxury good obtained from silkworms, was a common product traded on the Silk Roads, along with spices.
16th Century
- Europeans established global trade links on their own terms, spreading their culture to different regions and defining interactions between people.
- Colonization took place in various parts of the world, with European countries sponsoring expeditions to search for spices.
First Wave of Globalization (19th Century)
- This period marked intense globalization, with millions of people migrating, trade expanding, and new norms and organizations governing international conduct.
- The First Industrial Revolution took place during this time, with cities growing as people shifted from farming to industry and commerce.
- Advantages of this period include:
- Invention of machines to spin and weave cloth.
- Widespread use of steam engines as a source of power.
- Use of coal in smelting and refining iron.
- Construction of railways.
- Disadvantages of this period include:
- Technical change leading to job loss.
- Pollution in cities.
- Limited education provision.
- Poor worker housing conditions.
Globalization 4.0 (20th Century)
- This period is considered the golden age of globalization, with the free movement of people, goods, and services across national borders.
- The new dimension of globalization is the cyber world, marking a significant shift in global interactions.
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