The first great expansion of European capitalism took place in the 16th century, following the first circumnavigation of the earth in 1519 to 1521. ... This was brought to a halt by the First World War and the bout of anti-free trade protectionism that led to the Great Depression in 1930. ... The end of the Second World War brought another great expansion of capitalism with the development of multinational companies interested in producing and selling in the domestic markets of nations around the world. ...

• Word Count: 9131
• Approx Pages: 37
• Grade Level: Undergraduate

And these theories managed to remain almost intact until the great depression of 1929-1931, after which most countries abandoned them because they were seem to be losing their international competitiveness. ... The increase of protectionism in the 1930's is also linked with the rise of fascism in Germany and the start of the Second World War. ...

• Word Count: 3038
• Approx Pages: 12
• Has Bibliography
• Grade Level: Undergraduate