The 20ᵗʰ century wave of globalization was similar to the 19ᵗʰ century wave in that:
A) transportation and communications costs fell rapidly
B) people far from one another became connected through the expansion of trade
C) a hegemon rose and then declined
D) a wave of financialization arose during the period of hegemonic decline
E) the declining hegemons engaged in imperial overreach
F) the hegemons were about the same size relative to the economic size of the whole system
G) a, b, c, d, and e
H) none of the above

Question

Quizplus · Accepted Answer

All of the options A, B, C, D, and E are true for both the 19th and 20th century waves of globalization. In both waves, transportation and communication costs fell dramatically, connecting people far from one another through trade. In both waves, a hegemon rose and then declined. In both waves, a wave of financialization arose during the period of hegemonic decline, and declining hegemons engaged in imperial overreach. Finally, in both waves, the hegemons were roughly the same size relative to the economic size of the whole system.

The 20ᵗʰ Century Wave of Globalization Was Similar to the 19ᵗʰ