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:
Woodrow Wilson is the 28th president of United States. He was the leader of the U.S. during World War I and oversaw the nation's involvement in the war as well as the peace process following it.
Woodrow Wilson made the attempt of the League of Nations. He wanted "the League of Nations" to happen so the settle disputes.
Explanation:
Answer:
West African economic growth rates have been insufficient in most countries to make significant reductions in poverty. Essentially, West Africa’s farmers and firms produce and trade in highly localized markets and do not achieve the sufficient economies of scale required to attract broad-based investment that could accelerate growth and reduce poverty.
Answer:
28 is D
and
29 is D
Explanation:
29.The act represented the first major attempt to restrict immigration into the United States. The establishment of a quota system limited immigration from southern and eastern Europe (primarily Jewish and Slavic) while allowing significant immigration from northern and western Europe. Asians were specifically excluded from immigration.
28.With revolutions in shipping technology and a growing reliance on a network of migrant finance, migration costs declined in the mid-nineteenth century, ushering in a sustained Age of Mass Migration from Europe (1850-1920). This period ended with the imposition of a literacy test for entry in 1917 and strict immigration quotas in 1921, which were modified (although not eliminated) in 1965.
The rise of mass migration was associated with the shift from sail to steam technology in the mid-nineteenth century, and a corresponding decline in the time of trans-Atlantic passage. As travel costs fell and migrant networks expanded from 1800 to 1850, the number of unencumbered immigrants entering the US increased substantially. Annual in-migration rose from less than one per 1,000 residents in 1820 to 15 per 1,000 residents by 1850
