Khan Academy Static

The Modern Revolution created the world we live in today. This world is very different from the world of 500 or 1,000 years ago, let alone 10,000 or 100,000 years ago. The connection of the four world zones allowed for the creation of a global network of exchange. Though this network was not built overnight, it emerged fairly quickly, and it increased the potential connections and diversity of connections for many members of the network. The result was an acceleration of both collective learning and innovation. Commerce was an important driver of change in this global network. Because commerce began to take on greater significance for many societies, a number of important thinkers began to ask questions about the nature of the exchange of goods, the nature of productivity and efficiency, and the interests of the individual and the state in business. All of this new inquiry gave birth to the discipline of economics. These economic thinkers, like the thinkers in any discipline, shared a set of concerns and questions but often came up with very different answers to those questions. The articulation of the ideas of capitalism and communism were the most influential economic ideas generated in the course of the Modern Revolution.

18294_How_Was_the_Modern_World_Created_.html