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Chapter 22: - Globalism

Money and Power

from Part II - Science and History

Published online by Cambridge University Press:  03 November 2022

Brian Villmoare
Affiliation:
University of Nevada, Las Vegas
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Summary

The invention of money was one of the major factor that allowed governments, corporations, and individuals to consolidate power. This chapter reviews the history of money and its various forms. The globalized economy depends on the free flow of money, and trade is an enormous source of wealth and power. Trading economies have proven to be stronger and more flexible across history, and is the source of various power centers throughout history: the Mediterranean Middle East, the European West, modern China, etc. have all been made powerful through trade, whereas isolationists have found themselves at strong disadvantages. The pursuit of trading wealth has been the source of wars and social conflicts, as well as the spread of colonialism and chattel slavery. Disparities of power and wealth due to the economic power of the global economy continue to this day. However, globalization has also created enormous benefits for many populations around the world. Worldwide, literacy has increased and longer lifespans are the result of access to modern medicines and health care.

Type
Chapter
Information
The Evolution of Everything
The Patterns and Causes of Big History
, pp. 343 - 359
Publisher: Cambridge University Press
Print publication year: 2022

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  • Globalism
  • Brian Villmoare, University of Nevada, Las Vegas
  • Book: The Evolution of Everything
  • Online publication: 03 November 2022
  • Chapter DOI: https://doi.org/10.1017/9781108862530.024
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  • Globalism
  • Brian Villmoare, University of Nevada, Las Vegas
  • Book: The Evolution of Everything
  • Online publication: 03 November 2022
  • Chapter DOI: https://doi.org/10.1017/9781108862530.024
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Globalism
  • Brian Villmoare, University of Nevada, Las Vegas
  • Book: The Evolution of Everything
  • Online publication: 03 November 2022
  • Chapter DOI: https://doi.org/10.1017/9781108862530.024
Available formats
×