While it could be claimed that The Seven Years' War was the first "world war" with some plausibility, the fact that the Napoleonic Wars did far more to reshape the world tends to push me to grant the title to that conflict. In fact, it would not be a stretch to combine the two into one larger conflict, with an interregnum of uneasy peace and "cold war" between the major belligerents between the two metacampaigns...
the infowarrior