The race for Global Markets
Things to notice
- In 1750 all of Europe is 23% of the world; by 1860 this has risen to more than 50%
- Britain dominates 1860--1900 over France/Germany
- By 1900 the US becomes a relevant player
- India/Pakistan get absorbed into British Empire because of 1750 dominance.
- China collapses from 1750 to 1900.
- By 1900, the third world becomes the third world, Europe+America have 85% of the world market output.