The economic advances made by developed countries helped the newly industrialized countries in making progress quickly. The newly industrialized countries are inspired by the developed countries and took ideas that would benefit their economy. The newly industrialized countries shifted their economy from agriculture to small scale industries like manufacturing, mining, and construction.
During the 1920s, much of the debt accumulated by consumers was due to "<span>(2) overproduction of farm products". During the New Deal FDR took steps to correct this. </span>
