What caused the economic growth of the US's economy after World War 2?
The invention of credit cards
Why did the Eastern European nations maintain the institution of serfdom and how did that policy retard economic development?
a financial panic in the United States caused by the declining international economy and over-expansion of the domestic economy. Indeed, because of the interconnectedness of the world economy by the time of the 1850s, the financial crisis which began in the autumn of 1857 was the world's first world-wide economic crisis
The Indian economy is the world's twelfth largest according to market exchange rates. It is also the fourth largest economy by purchasing power parity (PPP) basis. From 1947 to 1991, the India Economic System was based on social democratic-based policies. The policies feature protectionism, extensive regulation and public ownership which led to slow growth and corruption. But the economy has moved to a market-based system with economic liberalization starting in 1991. The growth rate of…
Yes. Malaysia is a stupid third world country Third world does not equal stupidity. Malaysia is a third world country with a rapid expanding economy. Malaysia's economy will expand rapidly this year with growth of 5.7 per cent, the World Bank said. Not bad at all if you consider the downturn in the economy which was caused by "clever" first world countries
The United States has been the richest country in the world since about 1900. It is expected to remain the richest country until about 2050, when China is expected to surpass. However, this is only if things keep going the way they are, which is not likely. See, before this economic slump, the US was experiencing massive growth spurts in its economy for a long period of time. In fact, the economy is still growing…