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This book presents an economic history of international capital mobility in the modern era. It blends narrative and quantitative methods and connects economic outcomes to the underlying political economy of international macroeconomics. The volume demonstrates that the recent globalization can be seen, in part, as the resumption of a liberal world order that had previously been established in the years 1880-1914, but also points out that much is different in terms of its causes and consequences.

In the traditional narrative of American colonial history, early European settlements, as well as native peoples and African slaves, were treated in passing as unfortunate aberrations in a fundamentally upbeat story of Englishmen becoming freer and more prosperous by colonizing an abundant continent of "free land."

Over the last generation, historians have broadened our understanding of colonial America by adopting both a trans-Atlantic and a trans-continental perspective, examining the interplay of Europe, Africa, and the Americas through the flow of goods, people, plants, animals,...