Sign In
Ask Question
Nickolas Church
History
16 December, 19:01
How do countries become richer than others?
+3
Answers (
2
)
Hazel Best
16 December, 19:22
0
Some countries have established institutions that form a good breeding ground for education, savings and technological progress - or they have simply been blessed with a culture or a geography that has formed a productive environment.
Before the Industrial Revolution there were only very small differences in countries' prosperity.
But the revolution brought with it a shift to mechanised production, which resulted in great increases in productivity and efficiency.
With this revolution, it was mainly European countries that saw massive increases in their production output. Today these countries are way ahead of certain other countries in the world.
This difference in the timing of the Industrial Revolution can explain much of the difference between rich and poor countries today. It is therefore interesting to study factors affecting the timing of the Industrial Revolution.
The Industrial Revolution was a period from 1750 to 1850 in which changes in agriculture, manufacturing, mining, transportation, and technology had a profound effect on the social, economic and cultural conditions of the times. It started in the UK, then subsequently spread throughout Western Europe, North America, Japan, and eventually the rest of the world.
The industrialisation process in the rest of Western Europe and the United States after 1870 has been termed 'the second Industrial Revolution'.
Poverty is still the biggest problem the world faces from day to day. Every country suffers from it to some degree, however certain places are greater effected than others. This is because the level of economic growth differs from country to country. The greater amount of growth the less room there is for poverty. This is simple reason why some countries are richer than others
Comment
Complaint
Link
Winston Kaufman
16 December, 19:26
0
They become richer by exporting goods and collecting higher taxes off of thier people. Also the bigger thier GDP (Gross domestic product) the better
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Find an answer to your question 👍
“How do countries become richer than others? ...”
in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The Universal Declaration of Human Rights includes which basic rights? Check all that apply. freedom of religion right to a fair trial right to live in a democracy right to punish violators freedom from slavery right to government participation
Answers (1)
Which best describes Carrie Chapman Catt's "Winning Plan" to achieve national women's suffrage? to demand a constitutional amendment instead of campaigning for suffrage in individual states to campaign strongly for women's suffrage on the state
Answers (1)
Why is 1889 significant?
Answers (1)
The leaders of the Texas legislature are
Answers (1)
How do you think the eight clergymen felt after reading king's letter?
Answers (1)
New Questions in History
List and explain the motives behind expansion into texas oregon and maine.
Answers (1)
What were the three main reasons the Europeans explored new lands?
Answers (1)
Which 17th century astronomer kept a roughly 20 year continuous record of the positions of the Sun, Moon, and planets?
Answers (1)
What did Roosevelt believe was the key to world peace
Answers (1)
The military nobility and the ruling class of warriors who pledged allegiance to the shogun were called A. the bushido. B. the kamikazes. C. the samurai. D. the Daimyo.
Answers (1)
Home
»
History
» How do countries become richer than others?
Sign In
Sign Up
Forgot Password?