1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mamaluj [8]
3 years ago
11

How was the global economy changed since the end of world war ii

History
1 answer:
e-lub [12.9K]3 years ago
3 0
One big change in the global economy after World War II, as compared to before the war, was a pattern of steady growth.  From 1950 to 1973, the average annual GDP growth of market economies in the developed world averaged around 5% and remained rather steady.  This was a strong improvement over the convulsions of the Depression that had happened prior to the Second World War.  

Also over the decades after the World Wars, the global economy became more interconnected than ever before as well.  Granted, during the Cold War years there was a wall (or shall we say an iron curtain) between the connected economies of the democratic countries and the connected economies of the Soviet bloc of nations.  But eventually the communist system would collapse, and the increasing globalization of economies would continue and accelerate into the 21st century.  

As nations like the United States have shifted more and more toward service economies rather than manufacturing economies, developing nations of the world have advanced strongly in the global economy through industrialization and growth of industrial production.  So now there are new economic powerhouses in the world, such as India and China, which played a much smaller role in the global economy a century ago.
You might be interested in
Marx used the term ______ for those people in society who are discarded by society and _____ for those in the working class
algol [13]
Marx used the term poor for those people in society who are discarded by society and rich for those in the working class
3 0
3 years ago
What was the main objective from creating the Articles of Confederation?
sukhopar [10]

Answer:

A

Explanation:

Because 13 or mor estates made a agreement to become one government and blah blah blah, which made a new functioning government, every state is like a country but we are all one

4 0
3 years ago
What did Malcolm X promote as the answer to the race problem in the United States?
Maurinko [17]

Answer:

war

Explanation:

5 0
3 years ago
Read 2 more answers
A career is another name for a job?
nekit [7.7K]

Answer:

yes

Explanation:

because they are both the same thing

6 0
3 years ago
Read 2 more answers
What advantage did the Germanic tribes have in their conflict with the Roman Empire during the 3rd to 5th centuries A.D.?
Mazyrski [523]
Every germen male was a trained warrior.
6 0
3 years ago
Other questions:
  • Choose the correct year range below that corresponds to the 20th century AD
    5·1 answer
  • Use the drop-down menus to complete each statement. During photosynthesis, energy from sunlight is used to start a reaction with
    10·2 answers
  • What is the biggest mountain in the world
    10·2 answers
  • What was the relationship between Charlemagne and the pope like
    11·2 answers
  • What holiday was established in california in 1966 by scholar/activist dr. maulana karenga?
    7·2 answers
  • How were both federal and state governments affected by Nixon’s new federalism
    7·1 answer
  • pls help me Identify two examples of cruel things that were done to slaves as noted in the narratives?
    8·1 answer
  • Why was Louisiana the least likely state to secede? Check all that apply.
    10·2 answers
  • What was the significance of Jean Paul Marat
    13·1 answer
  • 1. Mengapakah Parameswara memilih Orang Laut sebagai penjaga keamanan dan keselamatan Melaka? *
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!