Economic History

A Concise History of the Modern World: 1500 to the Present by William Woodruff

By William Woodruff

This publication investigates the most important alterations in global historical past and global financial system in the past years and explains to what quantity global forces were accountable for shaping either prior and current. Its underlying subject is the fight for strength within which, because the 16th century, the West has prevailed. some of the difficulties of the modern global - together with terrorism - are the legacy of the interval of Western domination. until eventually the increase of the West, and its incomparable impression on each department of human job, the centre of the area has been in Asia. through the 19th century international strength used to be firmly within the palms of the West. America's later upward thrust to international prestige was once triggered by means of the 2 global wars. the main well-known of the Western international locations, the USA is now blamed for the entire excesses of an past colonial age.

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For European and non-European alike, it created a less stable world than had existed hitherto. 36 A Concise History of the Modern World European spiritual and secular ideas were part of the baggage carried by an unparalleled number of Europeans migrating to the rest of the world. Using the more reliable figures of relatively recent times, from 1851 until 1960 about 60 million Europeans left their homelands for overseas or for Siberia. It was the greatest migration of all time. One of the major influences prompting this movement was rapid population growth coupled with the scarcity of European land.

They remained deaf to the warnings of contemporaries that endless war - with its staggering costs and its run-away inflation (1500-1630)- would undo them. For a hundred years, in a great and prolonged drama, Spain also fought those who were trying to tear its empire apart. 38 Nor did the Spaniards show much enthusiasm for the patient, organized work that modern science and industry demanded. Their wealth came from other sources. In addition to its windfall gains in precious metals from South America, it was able to draw upon the income obtained from Castile taxes, and the growing mercantile wealth of Italy and the Lowlands.

For many people- especially the Europeans- it created a richer world; yet it was a world that was much more complicated, much more sensitive to the booms and busts of capitalist Europe. For European and non-European alike, it created a less stable world than had existed hitherto. 36 A Concise History of the Modern World European spiritual and secular ideas were part of the baggage carried by an unparalleled number of Europeans migrating to the rest of the world. Using the more reliable figures of relatively recent times, from 1851 until 1960 about 60 million Europeans left their homelands for overseas or for Siberia.

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