Monday, March 20, 2017

The Globalization of Capitalism: The Rise of Capitalism's Fourth Epoch [third in a series of five]

Click here to access article by Nicki Lisa Cole, Ph.D. from ThoughtCo
Capitalism, as an economic system, first debuted in the 14th century and existed in three different historical epochs before it evolved into the global capitalism that it is today. In this article we take a look at the process of globalizing the system, which changed it from a Keynesian, "New Deal" capitalism to the neoliberal and global model that exists today.

The foundation of today’s global capitalism was laid, in the aftermath of World War II, at the Bretton Woods Conference, which took place at the Mount Washington Hotel in Bretton Woods, New Hampshire in 1944.