in the 12th century several key port towns on the baltic sea formed the hanzi assoc league to promote trade with each other. in the 15th century europeans set sail for the americas they stablished colonies there and squeeze everything of value they could out of them. in the 18th century britain emerged as the new global power at its zenith the british empire encompassed over 450000000 people a quarter of the world's population then. as the 19th century got under way and president a technological advances went hand in hand with industrial revolution steamships and trains were invented over the following decades they enabled more of move goods to be carried further and faster than ever before new markets developed. lower trade tariffs and developments and ships technology boosted global commerce even further. after world war 2 u.s. companies expanded internationally big goods were welcomed in war torn europe the so-called global players emerged in the seventy's and eighty's these conglomerates many factor their products in countries with low labor costs and taxes pressuring small and mi