Starting in the late 18th century, several major revolutions would take place in Western Europe. The French Revolution would play a major role in altering the political structure of France. Not long after, revolutionary principles began to spread throughout the rest of Europe. However, during...
The World Bank’s area of interest, activity and responsibility have evolved overtime. When it was first created its main focus were to facilitate and provide financial mechanism to the reconstruction of Europe after the World War II, along with the IMF (Easterly, n.d.). Since then...
The high supply of unskilled labor in the urban centers helped to keep wages profitably low for the factory owners that demanded their employment. Capital was highly mobile as the the working class was on a subsistence level and could not afford to own their...
“All that glitters is not gold.” American novelists Mark Twain and Charles Dudley Warner used this notion to mock American life during the 1870s in their novel The Gilded Age. The Second Industrial Revolution was beginning in America, and the rapid development of new technologies...
Slavery, medicine, preservatives and more — the history of sugar is one of complexity and length. The various developments of sugar before its final status in English society, heavily impacted the culture and economy of the world; impacts that are still relevant today. Looking at...
Abstract In this era of rapid industrialization, power is one of the most crucial components for the economic growth and welfare of nations. India, being a developing nation, has always faced deficiency of power. Consumption of fossil fuels in gigantic volumes to generate electricity has...
Introduction This essay will highlight the “impact of the industrialization on the food system and how it has worked wonders for the developed countries in terms of feeding their population”. Food is the basic need of humans for their survival and it becomes important for...
In 1949, Mao Zedong established the Communist Peoples Party that tries to solve China’s problem of land distribution and poverty. Mao changed China’s social and political order. Before 1949, China was a divided country with no national identity and pride, this limited progress. Mao instilled...
While political theorists like Max Weber and Crude Dependency theorists were largely pessimistic about the development prospects for late developers, Country X’s development story has established a base for an alternative argument (Weber, Grosfoguel). Country X’s journey from having half the GDP per capita as...
The exchange profile of individual SAARC part nations uncovers that intra-territorial fare and import exchange bears comparable attributes. Over the period 1980-2003, every part nations’ exchange rate to worldwide fares and imports have observed to be whimsical and negligible. The intraregional add up to exchange...
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