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Dynamics of Global economy from 1st century AD
What is the source of American economy to boom from the late 20th century. Technology? Industry? Intellect? But where did the capital come from??? Europeans migrated to the United states due to the li... berty in the rules and invested their assets they looted from the Asian countries in the name of Whiteman's burden during the imperialsm.The graph reflects the reasearch done by Angus Maddison on Economic History of the world.Till the early 18th century, India and China were rich. During the period of 1850 to 1950, the Europeans were busy in amassing wealth. The USA grew right from 1900 and in 1955 when the Britishere were completely out of India, they were at their peak.Now, in the current Century, India and China are gaining their potential and are ready to establish their dominance on the world. This is the reason why the America and the Great Britan are imposing restrictions on the inflow of Indians to their countries.
Rank: 2547 of 4887 in Economy
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