a sequence of events, starting around 1700, led to today’s highly globalized economy and unequal global wealth distribution. place the events in chronological order.

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Wealth, power and prestige are unevenly distributed among the peoples of the world. As a result, individuals in societies around the world can easily be  grouped according to the wealth, power, and prestige  they possess.

One such group known as global distribution classifies people around the world according to their different lifestyles and life opportunities due to the unequal distribution of wealth, power, and prestige. Such classifications draw attention to the inequalities between people in different countries of the world.

1. Almost the entire world lives at  subsistence level.

2. In Europe, technological advances in agriculture led to a sharp increase in food production.

3. Factory production replaces  cottage industries in Europe.

4. Western colonialism at its peak transferred wealth from the colonies to Europe.

5. After independence, the former European colonies faced economic difficulties.

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