Barring other nations from investing Soviet business enterprises
Oklahoma's economic history is divided into four periods. The first period covers the nineteenth century, encompassing settlement by American Indians of the Southeast followed by new arrangements facilitating private land ownership. The second extends from 1900 to the onset of the Great Depression in 1930. The third ends in 1973 with the first of the major oil shocks. The fourth comprises the energy boom and bust of the late twentieth century, along with contemporary conditions.
The century from 1800 to 1900 encompassed the time of Indian and white settlement. During the nineteenth century Oklahoma was characterized by very high ratios of land to labor and capital, by almost total dominance of primary (natural resource based) production, and by unique institutional and cultural features, of which the effects of some remain important in today's economy. The initial settlement by the Five Civilized Tribes in the 1820s, 1830s, and 1840s in what is now Oklahoma (at that time Indian Territory) did not reflect free-market labor migration in response to income differentials. Added to the coercion of removal was the fact that the Five Tribes had adopted the institution of slavery in their former southern setting. Slave-owning Indians brought with them an additional labor supply.
Both World Wars had directly impacted economy of India, the reason we do not relate these wars for our impoverishment is that we had not participated in those wars directly, like we had in 1965, 1971 etc ( we look at a perspective for World Wars as British India not India)
First World war caused India to go nearly bankrupt and high casualties (half million people from India volunteered from India)
It led to the increase of huge rise in defense expenditure of British India, which in turn increased taxes from masses, with minimum left in hands for spending.
Less spending amount in turn affected handicrafts, artisans business and profitability where masses couldn’t afford much as their purchasing power had decreased gradually.
Great Depression 1929, mainly thought to caused due to war which also had its implications on Indian Economy.
British in order to increase exports, burdened artisans and handicraftsmen, where as over crowding Indian markets with cheap Manchester cloths and industrial made spindles.
Very high inflation
As agricultural sector crippled, sea trade was directly affected, in turn advocating the impoverishment of merchants.