Capital Globalization And Financial Crisis In 30s Of The 20th Century

Once the globalization put forward,it was widely used in international economics,politics,cultures and every aspect of people's life in a very short period of time.However,as to the question of what is globalization,different scholars have different point of views,which can be roughly summarized as: globalization is capitalist;globalization is westernization or Americanization;globalization is the world's modernization;globalization is economic globalization;globalization is cultural globalization;globalization is a global integration;globalization is the globalization of capital and so on.The core link influences globalization is capital,capital globalization dominated by economic globalization,capital globalization also determines the political,economic and cultural aspects of globalization.The outbreak of the financial crisis of the capitalist countries was spread quickly to other countries in a very short period of time,including many backward regions or countries,this is the result of capital flows around the world.In the global crisis,the gold standard eventually fell apart.Due to the balance of international economy as the goal of gold standard,it is objectively to weaken the state's macroeconomic regulation and control of the country's economic ability.In the process of the unlimited expansion of capital,as the saturation of old market at home and abroad,overcapacity situation can occur,if the national economic regulation and control ability is weak,the crisis can produce.It can be said that under the gold standard,the limit of the capital expansion drive the finance crisis of 30 s of the 20 th century and the crisis is bound to break the international monetary system,because of the nature of capital determines it would have been constantly to expand every parts of the world,which is also the power of the capital globalization.The financial crisis in the 30s of the 20th century makes the contradiction among the capitalist countries and between the capitalist countries and colonial,semi-colonial increasingly sharp,currency which is formed by the capitalist countries for their respective interests group makes the contradictions and conflicts intensified,the international market chaos,the decline in international trade is serious,the flow of capital around the world have been severely limit,the expansion of capital and the process of globalization impeded,and expansionary capital is the essential attribute of capital,as the contradiction between expansionary and obstructive reaches to a certain extent,it certainly will need to break the obstacles in other ways,and in this way,the financial crisis,the economic crisis or war broke out.Through crisis or war to eliminate capital expansion,in the form of obstacle is cruel,the cost is enormous.Because of its brutality,it can have a temporary compromise between different countries or groups or concession,this may also be capital need to experience a painful process in the process of globalization.To unblock the capital will expand faster,then meet greater obstacles,which need more power to break,thus formed a cyclic process of the expansion,obstacles,break,expand again,hinder again,break again.Among this process,there may be a temporary stagnation and even backwards,but the overall trend of capital expand to the world won't change,because this is the essential attribute of capital.