To have an idea, according to book Ascension of the Money of the English historian Niall Ferguson, in 1914 the English had 4 billion pounds onslaughts in other countries in its colonies, 45% in U.S.A. and Canada. In 1913 they is esteem that it had Us$ 158 billion in action in the entire world. They existed about 40 stock markets spread for the globe, seven of them covered by the British press. The stock market of London had 48% in foreign headings and 25% of the world-wide supply of capital were invested in countries with equal per capita income 20% of the American.
Up to 1914 the money and the world-wide commerce were pujante and increasing, a telegraphic information took 30 seconds to arrive the New York leaving of London, the cost of this information was of only 0.5% of the price practised in 1866. The standard gold had been adopted for the banks, this represented minor risk and more increment in the international transactions reducing exchange risks. Unexpected and the unexpected one at the time, the first war initiated in 1914 broke this powerful cycle of the world-wide commerce, the financial market also suffers its crash. The paralyzed one of the globalizante process with the ecloso of the world-wide war was retaken finally in its end in the years 20. Periods postwar period almost always mean periods of prosperidades and expansion. At least until the o beginning of the second war in years 30, the world tried an increase of the liquidity and the volume of commercial and financial transactions between the countries assaying the retaken one of the globalizante process of the start of century XX. Also the unexpected crisis of 1929 could be considered protagonist of the globalization process. For many, the causes of the second war in the economic context can be attributed the 1929 crisis, for the caused social estragos to the European countries mainly.