History · Economic History and Globalization
Identify the correct statement with reference to the first phase of globalization in the Nineteenth Century:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1There was a complete isolation between Eastern and Western economies.
- 2Washington DC was the primary centre of world political power.
- 3Wall Street dominated global financial markets during this era.
- 4London was the global, hegemonic centre of political-economic power.✓
Correct answer
London was the global, hegemonic centre of political-economic power.
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