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As a contested term, globalization has many definitions, each worthy of merit. Generally, globalization is first thought of “in economic and political terms, as a movement of capitalism spreading across the globe.”[1] It calls to mind “homogenizing exports of the US” such as Nike, McDonald’s, and MTV.[2] However, since globalization can be defined as a process of an “ever more interdependent world”[3] where “political, economic, social, and cultural relationships are not restricted to territorial boundaries or to state actors,” globalization has much do with its impact on cultures.[4]
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The 1970s saw some of the highest rates of inflation in the United States in recent history, with interest rates rising in turn to nearly 20%. Central bank policy, the abandonment of the gold window, Keynesian economic policy, and market psychology all contributed to this decade of high inflation.
Authoritarian states rose in Eastern Europe because they were small new countries without capitol t develop industry. Haves and Have-nots and most did not have experience with democracy.
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Many maintain that the primary cause of the war was the Southern states' desire to preserve the institution of slavery. Others minimize slavery and point to other factors, such as taxation or the principle of States' Rights. Two major themes emerge in these documents: slavery and states' rights.
