Figure 3 shows the changes of global economic power over time. There are many reasons for the shifts in economic power such as the Second World War and the collapse of the British Empire. In 1913, Britain had a GDP almost twice the size of The USA's and made up 37% of the world's economy. By 1950, Britain's economic influence had decreased, its GDP now making up only 7% of the global economy. During this period The USA had become the world's largest economic power, making up 27% of the world's economy compared to the 19% in 1913.
The British involvement in Africa was down to economic reasons; this is clear throughout the time period as most events which take place in Africa can be linked back to economy. One of the most important ecological was the purchase of 44% of the shares in the Suez Canal, these became available when the leader of Egypt; Khedvie Ismali became bankrupt and had to be bailed out. Disraeli bought the Egyptian shares in the canal for £3,976,582 in 1875. The purchasing of these shares was important as it gave Britain influence over this area, but also it opened a direct trade route with India. Due to British and French influence in the area, Britain and France assume dual control of Egypt’s finances.
It would be a great risk if travelers did not have a secure route to trade on. This brought the region great wealth from the additional Eastern European traders who brought goods, who had also not been seen in Asia since the last great dynasty. This was similar to Russia who now had safe access to trade routes to build its great cities. Safe trade brought by Mongol rule had a positive impact on the economy of Russia and China. While the Chinese already had a stable economy, the Russians did not.
Florida’s Palm Coast has nation’s biggest unemployment jump by Jeff Harrington for the St. Petersburg Times on January 5, 2010, reviews the statistics of Palm Coast. “Palm Coast, with an unemployment rate of 16.8 percent, is the largest city in Flagler County, which has the highest unemployment rate among any Florida county.” Palm Coast was once seen as the largest growing city in the nation because of the cheap homes and jobs that seemed enticing to Northerners. Too many people moving in at the same time meant a high demand for jobs that just weren’t
While China have been doing this the countries In the Middle East with the oil have been trying to shift away from having a customer base from over dependence on the Western market and so they have been looking at rapidly growing markets like China. Another example of how a good relationship leafs to a good supply of energy is the case of the US and Saudi Arabia. They had a symbiotic relationship, meaning that they depended on each other, but in the aftermath of 9/11 their relationship has become increasingly strained. This is because 15 out of the 19 hijackers were of Saudi nationality. However, they need to have a good relationship so they can both survive as Saudi Arabia need the money from exporting and the US need the energy.
The U.S. government has stolen trillions of dollars from future generations of Americans, and we continue to add well over a hundred million dollars to that total every single day. The 59 trillion dollar binge that we have been on over the past 30 years has fueled the greatest standard of living the world has ever seen, but this wonderful life that
China was completely contrary from Central Africa on economic, political, and cultural bases during the 1500-1800. From 1000-1500 China led the world in economic development and there after experiencing the trauma of rule by the Yuan Dynasty, China adopted policies that favoured Chinese political and cultural tradition. On the other hand, the kingdoms of central Africa had initiated commercial relations with Portuguese merchants and diplomatic relations with Portuguese monarchy. Portuguese traded for slaves and slave trade undetermined the authority of the King. The Kings were converts of Christianity just to establish closer relations with Portuguese whereas Chinese has great problems with the exclusivity of Christianity but the Jesuits were respectful of Chinese culture and won a few converts.
For a big country like China, one important thing is being responsible to the world. Decreasing the domestic population presses is the currency duty for China. Even though the one-child policy causes some negative effects, but currently it is an effective way for the population of
DEBTS HAVE DRIVEN AMERICA’S HEALTHCARE REFORMS David Schatz Truman State University JINS 338-01 America is the wealthiest nation in the world, and has continued to progress economically for decades. America’s Gross Domestic Product (GDP) has been the highest of every country since they have been collecting figures dating back to 1980.¹ In 2010 the US’ GDP was almost three times as much as second ranked China. America has continued to make more money but unemployment rates have increased and funding for programs such as education is being cut all over the country. Unemployment rates of America over the past three years were at its’ highest since the post-Vietnam War era of 1975-1981.² America continues to make more and more money, but
In year 2006, the U.S. and along with other countries like France, Germany and the United Kingdom that first industrialised were faced with a significant drop of GDP. The U.S. dropped from 40.3 percent to 19.7 percent, however still remained the largest in the world. This was due to the faster economic growth of several other economies in Asia. (Jones, 2010) China would be the best example to describe the situation. Basically, China today, increased to a marginal amount of 15.1% from the 1960s.