Accelerating Global Interaction, Since 1945 Chapter 24 Lecture A.P. World History Ways of the World LAST LECTURE FROM THIS BOOK!

Modern Globalization: Throughout the 20th Century, many countries were intertwined due to political relationships, economic transactions, and cultural influences which resulted in a more connected world.

International Economic Transactions The capitalist winners of WWII were determined not to repeat the Great Depression established the World Bank and the International Monetary Fund and laid foundation for postwar globalization Technology also helped accelerate economic globalization

Post WWII “Reglobalization” Transnational Corporations (TNCs) emerge Modern examples: Nike, McDonald’s, Apple…American companies that have multinational locations Many workers, both laborers and professionals, have moved all over the world from poor countries to richer ones looking for new opportunities

Growth, Instability, and Inequality Growth: higher life expectancy, a rise in literacy rates, decline in poverty in industrialized countries Instability: Drastic difference between the rich industrialized countries and those who were not Inequality: the U.S. lost millions of manufacturing jobs, forcing factory workers into lower-paying jobs, while others prospered in high-tech industries (think Silicon Valley)

“The American Empire” With the fall of the Soviet Union, the U.S. stood alone as a world super power Terrorism becomes the new national threat Slowly, since 1945, the U.S. began exporting less and importing more…what issues can this cause? The Cold War produced a negative world view of the United States… Cultural imperialisms Some Americans become critical of this as well.

The Globalization of Liberation Feminism was on the rise in the West Reproductive rights Educational and employment rights Feminists in other parts of the world felt that the western movements were too focused on sex and reproduction Women became political activists Ex: South Korea

The Rise of Fundamentalism With so many changes, there are those who fight to remain traditional and unaltered The rise of liberalism is seen by many as a direct threat to religion Fundamentalism rises globally! The U.S. has Christian fundamentalists Muslim fundamentalists in the Middle East (Iran) The War on Terror…