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The "First Era of Globalization" began to break down at the beginning with the first World War, and later collapsed during the gold standard crisis in the late 1920s and early 1930s.
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The word "globalization" can be traced back to 1944[citation needed]. The term has been used by economists since 1981; however, its concepts did not permeate popular consciousness until the later half of the 1990s. The earliest concepts and predictions of globalization were penned by an American entrepreneur-turned-minister Charles Taze Russell who first coined the term 'corporate giants' in 1897...
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