More: A History of the World Economy from the Iron Age to the Information Age (Philip Coggan, 2020)

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Key pointers:

  • Importance of energy from 1500-2000
  • Fracking fracas: he process of drilling down into the earth before a high-pressure water mixture is directed at the rock to release the gas inside
  • Globalisation: 1820-1914
  • Prosperity after world war 2: 1945-1979
  • 1st central bank set up in 1668 Sveriges Riksbank in Sweden
  • Napoleon: Let China sleep. When she wakes, she will shake the world
  • 1st mortgages-backed security by Ginnie Mae
  • Total potential connections is 28 quintillions therefore trading industry is good


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