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Though many scholars place the origins of globalization in modern times , others trace its history long before the European Age of Discovery and voyages to the New World , some even to the third millennium BC. [8] [9] Large-scale globalization began in the 1820s. [10] In the late 19th century and early 20th century, the connectivity of the world's economies and cultures grew very quickly. The term globalization is recent, only establishing its current meaning in the 1970s. [11]