The internationalization of economic activity in Europe first took off in the fifteenth and sixteenth centuries, with the development of new shipping technology that led to Spanish colonization of Latin America. ... Similarly, the nineteenth century proved to be an era of increased international commerce, triggered by the industrial revolution but, in the 1930s, this economic expansion was reversed as political turmoil created the Great Depression. ...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate