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Semester 2
The Global Economy since 1750 (ECSH08043)
Subject
Economic and Social History
College
CAHSS
Credits
20
Normal Year Taken
2
Delivery Session Year
2023/2024
Pre-requisites
Visiting students must have completed at least 1 introductory level History course at grade B or above for entry to this course. We will only consider University/College level courses. **Please see Additional Restrictions below**
Course Summary
In the Nineteenth Century the world economy underwent decisive changes with the emergence of modern industrialisation and modern forms of economic development. We consider the question "what made it all happen - in some economies to a far greater extent that in others?" What, for example, were the mechanisms which assisted or hindered the diffusion of the new technologies and what sort of institutional changes were required to support the forces of industrialisation? Did trade, and the movements of peoples and capital, promote income growth and convergence, or, in some cases did the forces of globalization lead to income inequalities?
Course Description
The initial focus is on the emergence of the industrial core and its relationship with the wider world. By 1914 the USA was the world industrial leader, with industrial output equal to that of France, Germany and Britain combined. Accordingly the case of US economic development is considered in some detail. Global economic history is not just a history of the industrial core, though, and accordingly Chinese and Japanese economic history are also studied in some detail. In the twentieth century, elements of the world economy disintegrated during the 1920s and 1930s, most especially the networks of trade and the international monetary system. The led to widespread depression, including in the USA, and we seek to understand what went wrong. The course concludes with a discussion of a second era of global economic expansion since 1945.
Assessment Information
Written Exam 40%, Coursework 60%, Practical Exam 0%
Additional Restrictions
**Please note that spaces on History courses are limited and cannot be guaranteed for any students who are not nominated to study with us on a History exchange agreement.**
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Disclaimer
All course information obtained from this visiting student course finder should be regarded as provisional. We cannot guarantee that places will be available for any particular course. For more information, please see the visiting student disclaimer: