Bank of America is warning its clients that ALL checking accounts are likely to be replaced with digital dollars soon. And it's not just Bank of America [Trading Century]( Sometimes, colleagues of Trading Century share special offers with us that we think our readers should be made aware of. Below is one such special opportunity that we believe deserves your attention. [divider] History of globalization 7 languages Article Talk Read Edit View history Tools From Wikipedia, the free encyclopedia Extent of the Silk Road and Spice trade routes blocked by the Ottoman Empire in 1453 spurring exploration The historical origins of globalization (also known as historical globalization) are the subject of ongoing debate. Though many scholars situate the origins of globalization in the modern era (around the 19th century), others regard it as a phenomenon with a long history, dating back thousands of years (a concept known as archaic globalization). The period in the history of globalization roughly spanning the years between 1600 and 1800 is in turn known as the proto-globalization. Divisions of time[edit] Thomas L. Friedman divides the history of globalization into three periods: Globalization 1.0 (1492â1800), Globalization 2.0 (1800â2000) and Globalization 3.0 (2000âpresent). He states that Globalization 1.0 involved the globalization of countries, Globalization 2.0 involved the globalization of companies and Globalization 3.0 involves the globalization of individuals.[1] Klaus Schwab, founder and Executive Chairman of the World Economic Forum, Richard {NAME} and Philippe Martin have divided the history of globalization into four eras: Globalization 1.0 was before World War I, Globalization 2.0 was after World War II "when trade in goods was combined with complementary domestic policies", Globalization 3.0, for which other terms in use have included "New Globalization", hyperglobalization, the "global value chain revolution", and the period of offshoring, refers to a more recent period of change in global economic relationships, and Globalization 4.0 to current (2018 onwards) changes affecting services in particular.[2][3] Dear Reader, As a former VP of a major U.S. investment bank⦠I feel it's my duty to help you prepare for what could be [the biggest change to our financial system since 1971.]( If you have any money in the U.S. banking system, pay close attention because⦠Bank of America is warning its clients that ALL checking accounts are likely to be replaced with digital dollars soon. And it's not just Bank of America. More than 110 banks have already enrolled in a pilot program that I believe is the trojan horse for the digital dollar.
Archaic globalization[edit] Main article: Archaic globalization Perhaps the extreme proponent of a deep historical origin for globalization was Andre Gunder Frank, an economist associated with dependency theory. Frank argued that a form of globalization has been in existence since the rise of trade links between Sumer and the Indus Valley civilization in the third millennium BC.[4] Critics of this idea contend that it rests upon an over-broad definition of globalization. Even as early as the Prehistoric period, the roots of modern globalization could be found. Territorial expansion by our ancestors to all five continents was a critical component in establishing globalization. The development of agriculture furthered globalization by converting the vast majority of the world's population into a settled lifestyle. However, globalization failed to accelerate due to lack of long-distance interaction and technology.[5] The contemporary process of globalization likely occurred around the middle of the 19th century as increased capital and labor mobility coupled with decreased transport costs led to a smaller world.[6] The 13th century world-system An early form of globalized economics and culture, known as archaic globalization, existed during the Hellenistic Age, when commercialized urban centers were focused around the axis of Greek culture over a wide range that stretched from India to Spain, with such cities as Alexandria, Athens, and Antioch at its center. Trade was widespread during that period, and it is the first time the idea of a cosmopolitan culture (from Greek "Cosmopolis", meaning "world city") emerged. Others have perceived an early form of globalization in the trade links between the Roman Empire, the Parthian Empire, and the Han Dynasty. The increasing articulation of commercial links between these powers inspired the development of the Silk Road, which started in western China, reached the boundaries of the Parthian empire, and continued onwards towards Rome.[7] The Islamic Golden Age was also an important early stage of globalization, when Jewish and Muslim traders and explorers established a sustained economy across the Old World resulting in a globalization of crops, trade, knowledge and technology. Globally significant crops such as sugar and cotton became widely cultivated across the Muslim world in this period, while the necessity of learning Arabic and completing the Hajj created a cosmopolitan culture.[8] Portuguese carrack in Nagasaki, 17th-century Japanese Nanban art Native New World crops exchanged globally: Maize, Tomato, Potato, Vanilla, Rubber, Cocoa, Tobacco The advent of the Mongol Empire, though destabilizing to the commercial centers of the Middle East and China, greatly facilitated travel along the Silk Road. This permitted travelers and missionaries such as Marco Polo to journey successfully (and profitably) from one end of Eurasia to the other. The Pax Mongolica of the thirteenth century had several other notable globalizing effects. It witnessed the creation of the first international postal service, as well as the rapid transmission of epidemic diseases such as bubonic plague across the newly unified regions of Central Asia.[9] These pre-modern phases of global or hemispheric exchange are sometimes known as archaic globalization. Up to the sixteenth century, however, even the largest systems of international exchange were limited to the Old World. I'm talking about banks like JPMorgan Chase, the largest bank in America⦠U.S. Bank, Wells Fargo, and Citigroup, just to mention a few. [Click here to see the details]( because there's a very good chance your bank is on this list. And if you don't prepare, you could end up holding a bunch of worthless dollars. Regards, Teeka Tiwari
Editor, Palm Beach Letter
Proto-globalization[edit] Main article: Proto-globalization The phase is known as proto-globalization. It was characterized by the rise of maritime European empires, in the 15th, 16th and 17th centuries, first the Portuguese and Spanish Empires, and later the Dutch and British Empires. In the 17th century, globalization became also a private business phenomenon when chartered companies like British East India Company (founded in 1600), often described as the first multinational corporation, as well as the Dutch East India Company (founded in 1602) were established. The Age of Discovery brought a broad change in globalization, being the first period in which Eurasia and Africa engaged in substantial cultural, material and biologic exchange with the New World. It began in the late 15th century, when the two Kingdoms of the Iberian Peninsula â Portugal and Castile â sent the first exploratory voyages around the Cape of Good Hope and to the Americas, "discovered" in 1492 by Christopher Columbus. Shortly before the turn of the 16th century, Portuguese started establishing trading posts (factories) from Africa to Asia and Brazil, to deal with the trade of local products like slaves, gold, spices and timber, introducing an international business center under a royal monopoly, the House of India.[10] Global integration continued with the European colonization of the Americas initiating the Columbian Exchange,[11] the enormous widespread exchange of plants, animals, foods, human populations (including slaves), communicable diseases, and culture between the Eastern and Western hemispheres. It was one of the most significant global events concerning ecology, agriculture, and culture in history. New crops that had come from the Americas via the European seafarers in the 16th century significantly contributed to the world's population growth.[12] [divider] This email is being delivered to you as you have expressed an interest in the Financial niche by submitting your information on one of our landing pages or sign-up forms. [Privacy Policy]( [Terms & Conditions]( Email sent by Finance and Investing Traffic, LLC, owner and operator of Trading Century If you need any assistance or have any inquiries, our [support team](mailto:support@tradingcentury.com) is available round the clock, 24/7, to assist you at every step. For any security-related questions or concerns, please feel free to reach out to us by sending an email to abuse@tradingcentury.com. Donât miss out on the latest developments in the world of investing and finance, [whitelist our email address]( to receive timely updates. Copyright © 2023 [TradingCentury.com](. All rights reserved[.](
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