This module explains how the world economy got to be where it is today focusing on the first globalisation and economic crises. The long-run approach is instructive as it covers a period where the first truly global integration occurred, followed by the disintegration after the First World War and the global Great Depression emanating from the US in the 1930s, and the post-war reconstruction and resurgence punctuated by the Oil Crises of the 1970s. Aims: By the end of the module students should be able to: Describe and analyse the evolution of the first globalisation; Distinguish between elements of the industrial and industrious revolutions; Have a sophisticated knowledge of the causes and consequences of the Great Depression; Appraise critically the principal interpretations of globalisation in an international context; Organise their material and articulate their arguments effectively in writing both under timed conditions and in assessed essays.

Term(s) offered: Spring term module; 20 [10 ECTS credits]
Credit: 3.0
General Education: [None]