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As the nation's economic system developed, the economy experienced both ups and downs. This means that as the economy was developing, there were economic booms where the economy was considered 'good' but also falls (or depressions) where times are considered 'bad.' These ups and downs are sometimes, but not always, cyclical when they appear, meaning that a depression will be followed by a length of time when the strength of the economy grows again.
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What impact did ww1 have on the economy?
World War I had profound impacts on the global economy, leading to significant shifts in industrial production and labor dynamics. Many countries experienced economic growth due to increased military production and job creation, but this was often accompanied by inflation and debt. Post-war, economies faced challenges such as a return to peacetime production, unemployment, and the financial burdens of reparations and reconstruction, particularly in Europe. The war also contributed to the emergence of the United States as a leading economic power, while many European nations struggled with economic instability in the following decades.
How does the modern economy compare to the economy that existed just after the end of World War 2?
The modern economy differs significantly from the post-World War II economy, which was characterized by reconstruction, industrial growth, and a focus on manufacturing. After the war, many nations, particularly in the West, experienced economic booms driven by consumer demand and the establishment of welfare states. In contrast, today's economy is more globalized, heavily reliant on technology and services, and faces challenges such as income inequality and climate change. Additionally, the digital transformation has reshaped industries, altering labor markets and consumer behaviors in ways that were not present in the mid-20th century.
What do all developed nations have that emerging nations do not?
Transportation & business facilities for advanced production of manufactured goods
Why do you think the religious tensions that developed during the reformation among European nations spread to the Americas?
why do you think the religious tensions that developed during the reformation among european nations spread to the americas.
What role did the marshall plan play in the cold war?
Attack Canadian airlinesThe US invested vast sums of money in the economic reconstruction of Europe, following World War II. The Allies and defeated Germany and neutral nations were asked to join. Massive aid went to 16 nations and some of the money served a political purpose--it overcame the economic and social chaos in which Communism flourished. Once the economies of these nations were back on track, they could resume trading with the US, which would aid our economy.
What challenges face developed nations?
Well first of all a developed nation is different than developing nation. A developed nation is country with a modern industrial society and a well-developed economy. Countries that have many industries are developed nations. But my dad said that they face war stuff like that.- 7th grader
Which nation experienced the greatest economic growth following the Great War?
To know which of the nations experienced the greatest growth someone needs to be able to know what the choices are for the nations. Without knowing what the specific nations are it is hard to know which one of them had the most growth.
Is Greece considered a developed developing or third world country?
Greece is classified as a developed country. It is a member of the European Union and has a high standard of living, advanced infrastructure, and a diversified economy. While it faced significant economic challenges in the past decade, including a severe debt crisis, it remains categorized among developed nations due to its overall economic indicators and social progress.
Why is an economic advantage for developed nation often a disadvantage for a developing nation?
Profits for developed nations mean long hours and low pay for workers in developing nations. <----Nova Net
Why is an economic advantage for a developed nation often a Disadvantage for developing nation?
Profits for developed nations mean long hours and low pay for workers in developing nations. <----Nova Net
European nations have experienced a debt crisis what caused the crisis?
During times of economic prosperity, some nations borrowed more money than they can pay back now in times of economic hardship.
who would be the sociological perspective views transnational migration as having increased the economic gulf between developed and developing nations?
A conflict theorist would view transnational migration as increasing the economic gap between developed and developing nations. They would argue that the exploitation of cheap labor from developing nations by developed countries perpetuates inequalities and benefits the wealthier nations at the expense of the poorer ones.
Why economic advantage for a develop nation often a disadvantage for a developing nation?
An economic advantage for a developed nations sometimes allow them to exploit developing nations. For instance, more money and resources allow bigger nations to exploit labor in undeveloped nations.
What is the difference between a core and a periphery nation?
Think of it like this: The core are the exploiters and the periphery are the exploited. It's almost as if the core is a highly developed country, and the periphery is the less developed country in the space around it.
Some European nations have experienced a debt crisis what caused this crisis?
During times of economic prosperity, some nations borrowed more money than they can pay back now in times of economic hardship.
Why did the modern economic growth experience of the more developed nations not spread more rapidly to the less developed countries?
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Is Belize a developing county a developed or undeveloped county?
Belize is a developed country. Countries are described as developed countries when they have a developed economy, and an advanced technological infrastructure when compared to other developing nations.
