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Coin exchange crisis of 692.Byzantine emperor Justinian II refuses to accept tribute from the Umayyad Caliphate with new Arab gold coins for fear of exposing double counting in the Byzantine financial system (actual weight less, than nominal quantity), which leads to the Battle of Sebastopolis and the revolt of taxpayers who burned financial officials in a copper bull.
This list of global issues presents problems or phenomena affecting people around the world, including but not limited to widespread social issues, economic issues, and environmental issues. Organizations that maintain or have published an official list of global issues include the United Nations, and the World Economic Forum.
After World War I, the global economy remained strong through most of the 1920s. The war had provided a stimulus for industry and economic activity in general. There were many warning signs foretelling the crash of 29 of the global economic system at the end of the decade, that were generally not understood by the political leadership of the ...
While America’s military and economy remain exceptionally strong, the U.S. political system is more dysfunctional than any other advanced industrial democracy. In 2024, the problem will get much ...
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 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 world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services.
Note: Antarctica has no permanent population. However, if conventional GDP methodology is applied, which includes salaries of residents, as well as construction and equipment procurement (the biggest "industries" in Antarctica), the GDP of the continent would exceed one billion United States dollars.