Acceleration of globalisation + time-space compression Flashcards

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1
Q

When did globalisation first begin?

A

Trade in Ancient Greece
Market integrations between 3rd millennium BC

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2
Q

History of Globalisation

A

1st trade in ancient Greece and between tribes

1492 Colombus discovers Americas and the discovery of silver in mines. Opened trade markets.

Early 1800s Steam Trains - connectivity
1838 1st long distanced railway linked London with Birmingham, Manchester and Liverpool.

1830s morse code machine = global communications

1880s First commercial cruise liner - holidays - cultural and economic
World’s 1st registering cruise ship launched in 1784 and had 27 cabins

1920s commercial flight - time-space compression, across
world in a day.

1932 Queen Elizabeth crowned and passed many laws.

1952 containerisation boosts economic value as orders are rapid and fast paced.

Today - internet

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3
Q

What is time-space compression?

A

Due to heightened connectivity, different places feel closer than they did in the past and take less time to reach.

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4
Q

Understanding fibre optics and data transmission

A
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