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.
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During the Paleolithic Age, hominins grouped together in small societies such as bands and subsisted by gathering plants, fishing, and hunting or scavenging wild animals. The Paleolithic Age is characterized by the use of knapped stone tools, although at the time humans also used wood and bone tools.
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Third world countries became the perfect battleground for cold war proxy battles during the early 1940's to late 1990's. United States wanted to flex its political muscle and try to curtail the spread of Soviet Communism in the developing nations.
The period of the Cold War transformed the European continent between the late 40's to the early 90's. ... However the Marshall plan demonstrated the first real divide in Europe as the Soviet Union forbade nations in it sphere of influence to accept marshal aid.
Asia was drastically affected by the cold war. The Korean war divided Korea at the 38th parallel,making it into North and South Korea. ... Another big player in the cold war in Asia was Vietnam and the fight against communism that killed 58,000 American soldiers, and an unnamed amount of Vietnamese soldiers.
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