In the past century, the economy of the world has transformed in a number of ways. Many factors played part in economics globalization in the second half of the century. Members of the US were unwilling to live the way they did during the Great Depression again. They set up relatively easy trade with other capitalist countries. This new idea of Capitalism linked the people of the world. World Trade skyrocketed between 1947 and 2009. Goods from other countries began to be sold in American stores. While this is good, Capitalism has caused some lines to be more sharply drawn. Oil priced also raised to new highs, which created global instability in continents such as Asia and Latin America. Many businesses faced foreclosure and many suffered. The idea of Capitalism and world Trade changed the world, with many problems and many accomplishments.
Around this time, feminism and women's rights became a topic of discussion. However, the way this was discussed varied in different areas of the world. Many Caucasian women wanted to work outside the home, as they found the home oppressive. Women of color experienced racism outside the home and found staying home to be a safer, more desirable option. In many ways, equal rights for women was a difficult process because the treatment of women in different parts of the world varied so widely.
Religion was also modernized during this time. Many religious people, though, did not want to be modernized. They felt that modernization was attacking their religious views. They did find though that modern technology could better help convey their messages. The Islamic renewal movement took the religious world by storm. Factors such as the fall of the Ottoman Empire and lack of technology set Islamic people's back largely. The movement expressed itself by creating public service institutions dorm Muslim people. It sought to better their nation.
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