2000 Years Of Economic History In One Chart
Understanding economic history is crucial to understanding how the world works today. Throughout the years, various economic systems have emerged, developed, and crumbled, leaving behind a rich history. This article will explore the 2000 years of economic history in one chart.
Ancient Times (2000 BCE-500 CE)
Ancient times saw the emergence of several economic systems, including bartering and trade. The invention of money during this period revolutionized the way people exchanged goods and services. The rise of empires such as the Roman Empire and the Han Dynasty led to the growth of trade and commerce.
Medieval Times (500-1500 CE)
The medieval period was characterized by feudalism, where landowners granted land to tenants in exchange for services. The economy was largely agricultural, and trade was limited. However, the crusades and the growth of cities led to the emergence of a merchant class and the rise of trade and commerce.
The Age of Exploration (1500-1750 CE)
The age of exploration saw the emergence of colonialism and the rise of mercantilism. European powers established colonies and exploited their resources, leading to the growth of trade and commerce. The industrial revolution, which began in Britain, led to the growth of manufacturing and the rise of capitalism.
The Industrial Revolution (1750-1900 CE)
The industrial revolution was characterized by the growth of manufacturing and the rise of capitalism. The invention of the steam engine revolutionized transportation and communication, leading to the growth of trade and commerce. The rise of imperialism and colonialism led to the exploitation of resources in other parts of the world.
The Modern Era (1900-Present)
The modern era has seen the rise of globalization and the growth of technology. The two world wars led to the emergence of the United States as a superpower and the establishment of the Bretton Woods system. The collapse of the Soviet Union led to the rise of capitalism in Eastern Europe and the growth of trade and commerce worldwide.
Conclusion
The 2000 years of economic history in one chart provides a comprehensive overview of the development of various economic systems throughout history. Understanding this history is crucial to understanding the present and predicting the future. The chart highlights the importance of trade and commerce in the development of civilization and the role of technology in shaping the world today.