A global economy rose during the age of Imperialism in the 1800's. It was controlled by western countries like the US, Britain, France, and Germany. The capitalists brought a lot of goods manufactured by machine, technology, and also<span> investment capital. To return the favor, people from Asia, Africa, and Latin America gave homegrown goods, natural resources, and cheap labor.</span><span> </span>
Dear Diary,
How I wish I could do more than sign letters all day. Being a king is such a merry sorrow why I rather be knight instead. But at last I shall not therefore this crown has been passed down from my father and I must continue the family legacy. Until tomorrow diary. ~King
An elected monarchy is a country where people choose their monarchs. In regular monarchies, inheriting the throne is hereditary meaning that family members pass it from one to another. In an elected one, people choose who the monarch will be. It's something like an archaic presidential run but the monarch has way more power than a president has nowadays. This was common in some Arabic countries in history.