The world’s first wave of economic globalization, led by the British Empire in the nineteenth century, came to an end literally with a bang on a Sunday afternoon in 1914, when Gavrilo Princip killed (with two uncannily well-aimed bullets) Austria’s Archduke Franz Ferdinand and his wife. The years that followed witnessed pan-European carnage, instability throughout the 1920’s, and the rise of fascism and communism, culminating in the death of countless millions during World War II.
The world’s first wave of economic globalization, led by the British Empire in the nineteenth century, came to an end literally with a bang on a Sunday afternoon in 1914, when Gavrilo Princip killed (with two uncannily well-aimed bullets) Austria’s Archduke Franz Ferdinand and his wife. The years that followed witnessed pan-European carnage, instability throughout the 1920’s, and the rise of fascism and communism, culminating in the death of countless millions during World War II.