globalization is not new,”The Central Asian Silk Road connected Greece, Rome, and the Mediterranean withChina, facilitating trade over a distance of 4000 miles (6437km).• European colonization is an early form of globalization. Starting from 1500 CE, Europeancolonizers extracted resources from different parts of the world.• Use of slave labor to produce raw goods that were then processed by industries into goods formarkets in Europe and North America• Enabled industrialized production

globalization is not new,”The Central Asian Silk Road connected Greece, Rome, and the Mediterranean withChina, facilitating trade over a distance of 4000 miles (6437km).• European colonization is an early form of globalization. Starting from 1500 CE, Europeancolonizers extracted resources from different parts of the world.• Use of slave labor to produce raw goods that were then processed by industries into goods formarkets in Europe and North America• Enabled industrialized production

accelerating processes of globalization• Multiple colonies enabled multiple markets. Indian cotton was processed in Britain to sell toAfrican slaves in British Caribbean colonies. Sugar from the Caribbean colonies was processedwith British iron and sold to markets around the world.”