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Global Market Development company history timeline

1846

But in 1846 the merchants of Manchester, England, the center of the world's cotton textile industry, struck their famous victory for free trade by forcing the British government to abandon tariffs on all imported goods apart from a few luxury items.

1854

Telegraph systems were established in most countries, including the major market of British India, until 1854.

1866

Beginning with the first transatlantic cable, which was laid by steamship in 1866, these existing domestic telegraph systems were linked together by marine cables.

1869

An infrastructural change of major significance came in 1869 with the opening of the Suez Canal, which linked the Mediterranean Sea by way of Egypt to the Red Sea: now ships sailing from Europe to Asia could take the new shortcut rather than sail all the way around Africa.

1932

In 1932 even Britain, with its deep commitment to free trade, was forced to turn to protectionism and surrender the free trade ideal.

1949

In China, cooperative farms established after 1949 were much more genuinely cooperatives than were those in the Soviet Union, and trade with the cities in China is organized through a kind of Socialist wholesaling.

1989

But as of 1989, when the Iron Curtain fell, globalization became a truly global phenomenon.

2002

O'Rourke, Kevin H., and Williamson, Jeffrey G. "When did Globalization Begin," European Review of Economic History, 6 (2002), 23–50.

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