The economic theory that developed in the 17th century was mercantilism. <span />
The Indian and Pakistani conflict over Kashmir has become a cause for international concern due to the achievements of both nations in the area of nuclear weaponry, whereas both countries were able to successfully conduct nuclear tests in 1998, making both of them a threat to a greater public due to the massive destruction a nuclear war could bring.
The north made their money from manufacturing, south from agriculture, and the west from expansion.
The Soviet Union was created at the end of world war one