MIDTERM INTB 3351 - INTB 3351 History of Globalization...

INTB 3351
History of Globalization
Reading Study Guide
The Creation of the First Global Economy
Readings:
Jeffrey Frieden, Global Capitalism , pp. xv-55
1. What was mercantilism? How did it work? What were the key factors behind the shift
How was the gold standard “reaffirmed” and expanded after 1896? (pp. 16-21, 48-50)
3. During the late 19 century, how did most countries insert themselves into the world
th
19 century, many countries diversified their economies and conducted a division of
th
labor to enter the world economy. However, most countries inserted themselves into
the world economy by specialization in the late 19
th
century because specialization
required access to large markets. How was the free trade network managed? (pp. 45-