Reflection:
In Chapter 24 it goes over the growth of international economic transactions and how this continues till this day. In this economic globalization, technology played a big role in the development. Internet came out, several services such as air express shipping, oil tankers, and much more. Throughout the world goods, people, and capital were accelerating. Investment funds were flowing around the world within the U.S., Japan, Europe, and other major countries. Countries were communicating within one another and making money. During this time credit cards were introduced and many were using this worldwide. Credit cards brought ways in which people can transfer money. The world was advancing in ways were now there are telephone and mobile lines, air travelers, foreign exchange, bank loans, international trade, transnational companies, and much more. The world was getting busy, complex, and expanding. As everything was accelerating, people were wondering and questioning about American power..."American Empire". After the world wars people see U.S. as an informal empire, like how Europeans practiced in China and the Middle East. Economically and politically America has increased in profit and expanding numerically both with military and companies. By looking at this it brings up the question whether America is the leading country?
No comments:
Post a Comment