Market freedom is high in the United States, the United Kingdom, Canada, Australia, and New Zealand, as all five share the Anglo-Saxon economic model – a capitalist model that emerged in the 1970s based on the Chicago school of economics with origins from the 18th century United Kingdom. The shared sense of globalization led cities such as New York, London, Los Angeles, Sydney, and Toronto to have considerable impacts on the financial markets and the global economy. Global popular culture has been highly influenced by Americanization.