[Online Document Assignment:]
EIA Activity: The Golden Age of Capital Flows
Click on the links on the right to answer the following questions.
Use Link 1 to answer the following questions. True or False: Globalization that occurred in the nineteenth century consisted primarily of increasing transfers of commodities, people, capital, and ideas.
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True or False: Between 1870 and 1913, European International Trade grew at 7 percent a year in current values.
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True or False: One reason International Trade grew during 1870-1913 was because of the opening of the Suez Canal in 1869 which allowed for faster and more regular steamships to past through.
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Use Link 2 to answer the following questions. True or False: There was no wealth bias among rich countries during between 1870 and 1913.
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True or False: Very little British foreign investment went to Asia and Africa between 1870 and 1913, where labor was abundant.
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Do you agree with the idea that “technology shrinks the world?” Discuss.
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