The World And Its Economic Systems Essay - 2422 Words

PAPER The world and its economic systems been to, at an ever increasing rate. Over thousands of years civilization have developed the means to master resources, such as, land, water and even the heavens. Agriculture allowed the human race to no longer rely on migrant herds of animals, but to settle and look to the ground beneath them for a continued supply of basic needs. Dale and Carter argue, â€Å"both civilization and the enjoyment of civilization rest on the surplus production by those who supply the necessities of life† (1955, p. 9). Once that point in the creation of a society is reached, others are able to veer away from the trade agriculture, specializing in other pursuits valuable to a community. Early examples of this scenario playing to its actors benefits include the Mesopotamians and Egyptians. Farming, specifically a surplus of food, allowed for humans to focus on other pursuits that would further advance the progress of a given community. With the growth in avai lable pursuits, Ellen Wood believes â€Å"an [evolution] of the division of labor †¦ accompanied by technological improvements in the instruments of production† allows for commercial development within a society to take place (1999, p. 5-6). Growth will continue to compound on itself, bar no external interferences - such as drought, famine, plague. With growth came trade of goods. People were placed in a situation in which, as profit-maximizing beings, needed to now exchange their own specific productShow MoreRelatedThe Political And Economic System Of The World2338 Words   |  10 PagesIn the wake of WWII, peace was the main goal sought out by the entirety of the world. However as the twentieth century hit its halfway mark, the conflicting ideals of two countries dragged the world into a tense struggle for power and international identity yet again. 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Some strategists tried to rebuild the order from before World War I in a more flexible and stable way while others bucked the traditional world order all together