Main Periods

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Main Periods

• 1250-1350 Pre-modern World System
• 1350-1450 Feudal Crisis
• 1450-1650 Beginnings of the Modern World
  System
• 1750-1850 The Age of Revolution
• 1850-1873 Victorian Expansion
• 1873-1914 The Age of Empire

2
The Age of Empire1876-1914

• The Great Depression
• Responses
• La Belle Époque

3
The Great Depression of the Nineteenth Century
1873-1896

• Decline in profitability
• Decline in prices faster than decline in wages
• Speculation
• Big international financial firms
• Crash

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The Great Depression of the Nineteenth Century
1873-1896

• Decline in profitability
• Decline in prices faster than decline in wages
• Speculation
• Big international financial firms
• Crash

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Responses to crisis

• Migration
• Protection
• Growth in firm size
• Imperialism

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Migration
Ellis Island
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Migration
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Migration
Railroad construction, west coast
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Responses to crisis

• Migration
• Protection (Growing role of the state)
• Growth in firm size
• Imperialism

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Carnegie Steel, Homestead, PA(1890s)
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IMPERIALISM
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Kaiser Wilhelm of Germany and Sultan Abdulhamid
II, Ottoman Empire
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Berlin Conference (1884-1885)
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King Leopold II, Belgium
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King Leopolds Victims
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British in Egypt, 1882
Urabi Pasha
Bombing Alexandria
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British in Egypt, 1882