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[The point of departure for this narrative is the consummation, by 1851, of British world hegemony, which rests on the industrial and democratic revolutions and the appealing ideologies of free-trade and comparative advantage. The chapter tours the world showing how the different regions were opened by these ideologies, resulting in the articulation of the first industrial global economy. The chapter ends focusing on the three forces that did not fall into hegemonic line, two states and one ideology: Germany, the United States, and communism. These forces come front and center in the next chapter.]
Published: Oct 12, 2021
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