Chapter 23
What factors contributed to economic globalization in the second half of the twentieth century?
After World War 2 man countries established capitalistic policies in order to avoid another depression. The Bretton Woods Conference established a system for new economic globalization. Organizations such as the World Bank and International Monetary Fund established a new era of economic globalization. New cost-effective technology in travel allowed for more interaction between the world. This, in turn, connected more people throughout the world.
In what ways has economic globalization more closely linked the world's peoples?
Globalization increased the number of goods distributed around the world and also the interaction between peoples. Companies were now able to buy and sell products on a global level. This leads to companies selling services and products internationally allowing for more interaction through globalization. This allowed for stock markets to be influenced by foreign markets as everything was now intertwined and no longer stuck to just 1 market.
In what different ways did Islamic renewal express itself?
As people became more religiously tolerant, Islamic clothing and culture were now seen as more prevalent in societies. As tolerance allowed people to pray and do services more publicly unlike
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