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The economic history of World War I covers the methods ... (compared to 50% in 1943). ... These loans were eventually paid back by Germany after World War II. [100 ...
The gross domestic product of India was estimated at 24.4% of the world's economy in 1500, 22.4% in 1600, 16% in 1820, and 12.1% in 1870. India's share of global GDP declined to less than 2% of global GDP by the time of its independence in 1947, and only rose gradually after the liberalization of its economy beginning in the 1990s.
The empire's largest economy in 1870 was British India with a 12.15% share of world GDP, followed by the United Kingdom with a 9.03% share. The empire's largest economy in 1913 was the United Kingdom with an 8.22% share of world GDP, followed by British India with a 7.47% share. [20]
The European interwar economy (the period between the First and Second World War, also known as the interbellum) began when the countries in Western Europe were struggling to recover from the devastation caused by the First World War, while also dealing with economic depression and the rise of fascism.
Between 1929 and 1932, worldwide GDP fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. [27] Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. [25]: ch 1
The economic history of the world encompasses the development of human economic activity throughout time. It has been estimated that throughout prehistory, the world average GDP per capita was about $158 per annum (inflation adjusted for 2013), and did not rise much until the Industrial Revolution .
The mention of “bottom up” instead of “top down” is likely a direct reference to economic policies adopted under former Republican President Ronald Reagan in the 1980s — and favored by ...
German-occupied territories during World War II in 1942. Germany (Reich) is shown in darkest green. Germany rose back to be a great power in 1933, when Nazi Germany replaced the Weimar Republic as the new government of Germany. The most pressing economic matter the Nazis initially faced was the 30 per cent national unemployment rate. [157]