#AP World History: Modern - Economic Globalization Study Guide 🌍

Hey there! Let's get you prepped for the AP exam with a super-focused review of economic globalization. We'll break down the key concepts, make connections, and get you feeling confident. Let's dive in!

#Introduction to Economic Globalization

Economic globalization is all about how economies around the world are becoming more interconnected. Think of it as the world's economies becoming a giant, complex network. Here's the gist:

• Increased Interconnectedness: Countries are more linked through trade, investments, and financial flows.
• Multinational Corporations (MNCs): Companies operating globally, not just in one country.
• Global Impact: Affects countries, industries, and individuals worldwide.

#Free Market Economics

After the Cold War, many governments shifted towards free market economic policies. This means:

• Private Ownership: Businesses and property are mostly owned by individuals, not the government.
• Limited Government Intervention: Less government control over markets.

#The Cold War Connection

During the Cold War, the US pushed for free markets to counter communism. The Truman Doctrine is a prime example:

• Monetary Aid: The US gave money to countries like Greece and Turkey to encourage capitalism.

The Truman Doctrine aimed to prevent the spread of communism by supporting capitalist economies.

#Economic Liberalization

Economic liberalization is when governments remove their own control over markets. Key leaders and their policies include:

| World Leader | Who are they? | Free Market Actions ...