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Global Capitalism: Its Fall and Rise in the Twentieth Century
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"Magisterial history...one of the most comprehensive histories of modern capitalism yet written." —Michael Hirsh, New York Times Book Review
In 1900 international trade reached unprecedented levels and the world's economies were more open to one another than ever before. Then as now, many people considered globalization to be inevitable and irreversible. Yet the entire edifice collapsed in a few months in 1914.Globalization is a choice, not a fact. It is a result of policy decisions and the ...