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There were many important events that happened in the 19th century that impacted the worlds economy. The most important events were the abolition of slavery, the industrial revolution, and the new forms of governments and ideas for governing introduced. Slavery came about in ancient times. It was practiced by many of the greatest empires in history. The Greeks, Romans, and British empires all practiced slavery. It was a way for the rich to get free …

…th century the two opposing economic policies butted heads. The two super power countries that were in the front of the struggle was capitalist America verses communist Russia. In conclusion, economy was greatly impacted by changes that took place or began to take place in the 19th century. From the industrial revolution to the abolition of slavery to the ideas of communism vs. capitalism, the 19th century changed forever the way the worlds economy works.