a sequence of events, starting around 1700, led to today’s highly globalized economy and unequal global wealth distribution. pla ce the events in chronological order.
1 answer:
Around 1700, a sequence of events led to today's highly globalized economy and unequal global wealth distribution. The sequence is as follows:
Virtually the entire world lives at a subsistence level. Dramatic increase in food production in Europe due technological advances in farming lead. Factory production replaces European cottage industries. Western colonialism at its peak transfers wealth from the colonies to Europe. Former colonies of Europe struggle economically post independence The economy in 1700s was based on mainly farming, fur trading, ship production, local production.
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