Holocaust was the primary reason the United nations called for a convention on prevention and punishment of Genocide in 1948.
The fertile plains near the Nile helped the civilization grow
Globalization must be expected to influence the distribution of income as well as its level. So far as the distribution of income between countries is concerned, standard theory would lead one to expect that all countries will benefit. Economists have long preached that trade is mutually beneficial, and most of us believe that the experience of widespread growth alongside rapidly growing trade in the postwar period serves to substantiate that. Similarly most FDI goes where a multinational has intellectual capital that can contribute something to the local economy, and is therefore likely to be mutually beneficial to investor and recipient. And a flow of capital that finances a real investment is again likely to benefit both parties, since the yield on the investment is expected to be higher than the rate of interest the borrower has to pay, while that rate of interest is also likely to be higher than the lender could expect at home since otherwise there would have been no incentive to send it abroad. Loose talk about free trade making the rich countries richer and poor countries poorer finds no support in economic analysis.
Henry Ford came up with the assembly line mode of production, which facilitated mass production and revolutionized the industry. Through mass production, the cars could be produced inexpensively and at lower wages which made them available to the mass market. As a result, he was able to sell millions of cars
