📖 27. The Changing World Economy Since 1900

📖 From World History: Modern • 397 questions available

About 27. The Changing World Economy Since 1900

The global economy transformed dramatically from 1900 through two world wars, depression, and postwar reconstruction into an increasingly integrated system driven by technology, trade liberalization, and multinational corporations. The Bretton Woods system established rules for monetary stability and development, while later globalization accelerated capital flows and production networks across borders.

This integration brought unprecedented growth and poverty reduction but also increased vulnerability to financial crises, inequality, and environmental degradation. Today’s economy faces challenges from deglobalization trends, digital disruption, and climate imperatives, requiring new frameworks to balance efficiency with resilience and equity in an interconnected world.

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🔄 Last updated: 2026-07-25