How did the first global economy emerge from the modern era?

The first global economy emerged in the modern era through the expansion of trade networks, facilitated by advancements in navigation and maritime technology. The Age of Exploration in the 15th and 16th centuries connected distant markets, leading to the exchange of goods, ideas, and cultures across continents. The establishment of colonial empires and the rise of capitalism further integrated these markets, creating a system where economies became interdependent. This interconnectedness laid the groundwork for the contemporary global economy we recognize today.