Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.
Sagot :
Below are the events in World History in chronological order, with the earliest event having the value of 1 and the most recent having a value of 6.
- The New World Encounter connects the globe, and the discovery of massive amounts of silver in the Americas sparks the global economy.
- Mercantilism, an economic system that viewed wealth in terms of bullion (gold and silver) and believed in exporting more goods than one imported, characterized the Western world.
- As the industrial revolution began to break out in England, what would later be known as capitalism-an economic system based on the private ownership of the means of production and (ideally) free trade-began to replace mercantilism. as the dominant system in the West.
- Labor and other abuses under capitalism, famously noted by Marx, erupt in the Mexican and Russian Revolutions.
- Neoliberalism comes to dominate policies in the capitalist world. It involves weakening or destroying labor unions, deregulating industries, privatizing state-owned assets, and removing obstacles to free trade such as tariffs.
- The Bretton Woods system creates the World Bank and the International Monetary Fund.
Let's explore the years/period these events occurred in order to ascertain their chronological order.
The New World Encounter
Christopher Columbus discovered the new world in 1493. These opened up new lands and discovery of silver and other resources.
Mercantilism
Mercantilism was known to be an economic system of trade that spanned beginning from the 16th century to the 18th century.
Industrial Revolution
The industrial revolution was known to have began in 18th century precisely 1780s. It was this period that agricultural societies became more industrialised and urban.
Mexican and Russian Revolutions
The Mexican Revolution took place around 1910 to 1917 while that of the Russian Revolution began in 1917.
Neoliberalism
Neoliberalism came into force in the 1940s.
The Bretton Woods System
The Bretton Woods system, an international monetary system was during the United Nations Monetary and Financial conference in July 1944. It later led to the creation of the World Bank and International Monetary Fund.
Learn more about Mercantilism on https://brainly.com/question/909450
Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.