1. In one to three paragraphs, explain how the global economy changed and remained the same from 1900 to the present.

These developments led to the advent of the global economy. Due to the global economy and globalisation, domestic economies have become cohesive, leading to an improvement in their performances. International trade: International trade is considered to be an impact of globalisation.

Explanation:

America's business and economic sectors changed dramatically during the first decade of the twentieth century. This business expansion meant increased wealth as raw materials became cheaper to obtain, driving prices down and consumption up.

Explanation: