The Berlin Conference set up the "Scramble for Africa" as European powers determined how they would limit conflicts with one another as they each pursued imperialistic goals on the African continent.
The conference of representatives of European nations met in Berlin from <span>November 15, 1884 until February 26, 1885. The United States also took part in the conference. It is also sometimes known as the Congo Conference because it was prompted by King Leopold II of Belgium establishing a separate "Congo Free State" under his personal rule.</span>
Before WWI America owed Europe a lot of money, but after WWI the situation changed and the former allies owed America more than US$ 10 Billion for the cost of armaments and food supplies.
After the WWI a decade of tremendous prosperity started. This economic boom was a consequence of the mass production industries increasing gross domestic products, productivity and income, so business sales increase, driving up profits.
Laissez-faire An economic doctrine that opposes government interference in economic activities
Economist A person who studies the field of economics
Physiocrat An 18th century French economist
Production Something that is produced; a product
Capital Money that used to produce greater of money
Barter To trade goods or services without the exchange of money
Anubis is the god of mummification
