Compare and Contrast of Nineteenth Century Colonialism and Contemporary Globalization First Draft
Student Name: Claire Chuning Wang
Student ID: 14418
Teacher: Mr. Trigg
Due Date: March 17th, 2017
Word Count: 990
Question: Colonialism is the expansion of one country into new territories. It can therefore be seen as a form of globalization in that it led to interconnections between countries in different parts of the world. Compare and contrast nineteenth century colonialism and contemporary globalization.
History is sometime like cycles, similar stages may happen every few centuries.19th century and the contemporary era are both showed up after great changes. Steam engines were invented in late …show more content…
Contemporary globalization made countries cooperate closely worldwide. Countries and businesses interact, integrate with each other and become interdependent. Cultures are combining together. However, with distinct backgrounds, those changes caused quite diverse results. This essay will discuss how 19th century colonialism and contemporary globalization have many economic and political similarities but also about how there are many differences in their economics and politics as well.
Economies developed rapidly in both 19th century and contemporary, and the world situation both changed because of the colonization and globalization. The international trade increased, and the trade organization developed. Before 1800, the value of global export is under 2.4, which is a really low number. But during the 19th century, it grew rapidly. By the end of 1800s, this number became 60.4, which shows a significant development of international trade during this time. The economic exports plus import as share of GDP also increased a …show more content…
In19th century, the world economies were dominated by the capitalist economy, they invaded other countries to get resources. Before 1807 people from Africa were sold as slaves to Europe and America. Britain built British East India Company to get Indian resources and labors cheaply. Britain worked with local government and took control people and resources in its colonies. This is a quite unequal relationship since colonist took most benefits. Statistic shows that there was only 20% of people enjoyed the benefit of colonization at that time, and it was sometimes used violent ways. (Amin, S., 2011) Take the Suez Cannel as an example, France drafted about 20 thousand Egyptians every ten months. Those people were force to do heavy and agonizing works with little compensation, and this situation last for ten years, untiled the channel was finished. (Suez Cannel Authority 2017) Nowadays, counties trade with rules and the global markets is formed. Countries cooperate closely to get what they need. Some of the Cross-Border Trades barriers have been removed. And the institutions like United Nations Organization, International Monetary Fund, World Trade Organization and World Bank showed up. The expanding of investment and trade decrease the property rate. With pretty fair rule, usually everyone receives benefits from