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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.
Answer:
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Explanation:
Engraved on two bronze pillars in Rome, Augustus portrayed his ‘divine’ achievements. In section 34, he focuses specifically on 27BC, he states how he gave control of Rome back to its people and, in essence, restoring the republic to the way they wanted it.
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They believe that governments should meddle into things like economy to improve the lifestyle of others. Socialists usually claim that it is necessary for a government to intervene and deal with businesses and the economy because that ensures that there's equal rights for all people and people are protected from exploitation and monopolies and similar things.
Corrupt leaders made the democracy of Rome compromise itself and led to monarchy and then sometimes to ruin
Explanation:
The Democracy of Rome had many intricacies that excluded a number of people from ever participating and made it in a way an exclusive group that could ever hope to hold political power.
This made it easier for the government to be very corrupt and they had very little accountability.
The people became dissatisfied and thus many times supported the foundation of monarchy or even found the city in state of civil war multiple times in centuries.
