Chronological Timeline: Economic Growth And Development Of Europe

a. The population of China approximately doubled between the start of the Ming dynasty in 1368 and its collapse and replacement by the Manchus in 1415 in North China . This population increase, along with a reduction in government regulation, led to China’s Commercial Revolution, which lasted from 1500 and 1800. Economic advances during this

Although the South produced the huge amounts of cotton needed, and exported it as a primary product to the rest of the world, it did not lead the way in industrialisation-this was dominated by the Northeast. What America lacked was manufacturing efficiency and as the Historian J.G.Rayback explains the war made 'Americans profoundly aware of other areas besides their own; in the post-Revolutionary period they made a vigorous effort to increase their knowledge of the entire nation and to take advantage of its limitless opportunities.'

In the South before the Civil War, they economy mostly relied on agriculture to bring in money. During the 1800s, cotton was the most valuable export in the United States. They produced two-thirds of the world's supply of cotton. But, they were not very successful in the manufacturing business. In the South, there was only twenty-nine percent of the United States’ railroads and only thirteen percent of the nation’s banks.

First, was the great demand of cotton generated by the rise of textile manufacturing in England. The invention of the cotton gin had a lasting effect on processing. The cotton gin cut the labor costs involved in cleaning short-sample cotton, thus making it an easily marketable commodity. The availability of good land in the Southwest also contributed to the rise of cotton. The opening of the rich and fertile plantation areas of Alabama, Mississippi, and Louisiana resulted in a vast increase in total production.

Cotton production expanded as much as double of the bales as there was before the invention of the cotton gin. As a result, the south has relied more on the slaves and cotton because of the economy it is bringing, with agriculture of cotton and slaves becoming a booming industry in the South. While it took a single slave about ten hours to filter a single pound of material from the seeds, a team of two or three slaves using a cotton gin could produce around fifty pounds of cotton in just twenty-four hours or one day. The number of slaves increased dramatically because of the higher demand of slavery for more cotton. By 1860 the amount of slaves in the South has made that area produce two-thirds of the whole cotton production in the world.

a. The population of China approximately doubled between the start of the Ming dynasty in 1368 and its collapse and replacement by the Manchus in 1644 . This population increase, along with a reduction in government regulation, led to China’s 3rd Commercial Revolution, which lasted from 1500 and 1800. Economic advances during this time, which extended into the Qing era,

Economically, Spain’s wars with just about every nearby country left it economically struggling. Inflation was high due to the large amounts of Gold and Silver found in the new world. War was expensive and detrimental to the Spanish economy. These wars were both religious and territorial in nature.

When the cotton production went up, it gave the South more money causing it to economically rise. Without slaves the South would have no one to do any manual labor. This could bring the South into debt

Between 1700 and 1830, Great Britain secured its place in a dominant economic position. Joel Mokyr, a renowned economic historian, argued that there were many factors that went in to developing Great Britain’s economic position. Some of those factors were the commercial revolution, the agricultural revolution, and a large population increase. These all helped Britain lead the Industrial Revolution, which greatly improved the country’s economic standing.

New markets brought forth new opportunities for expansion. America was infantile to other developed nations, yet impeccably ambitious and anxious to get competitive. The expansion of markets created hope for some and worry for others. Financial prosperity in the southern states was solely reliant on the blood, sweat and tears of slaves to flourish the Cotton Kingdom, the driving force in transforming and expanding the southern states’ economy. In the industrialized North, workforce labor was readily available for their needs, in contrast to how imperative slavery grew to become

Both areas had many farmers, but the south was successful with big plantations. The southern economy depended on agriculture while the North was based on technological advancement. The North successful developed many industries, while the south improved their farming methods (Roark, 7). The south farmers established huge plantations for cash crop production especially cotton. In addition, slavery became an important factor that provided

There is no doubt that Britain was well ahead and much richer than the rest of Europe at the end of World War II. Post-war, Europe experienced an economic miracle widely known as the ‘Golden Age of European Growth’. There were low inflation rates, low unemployment rates, high GDP growth and a huge leap in the technology sector. France and Germany were the biggest success stories of the Golden Age. However, it was clear that Britain fell behind significantly relative to its European counterparts during this period due to external and internal problems.

With the economic system, the south had a very hard time producing their main source “cotton and tobacco”. “Cotton became commercially significant in the 1790’s after the invention of a new cotton gin by Eli Whitney. (PG 314)” Let

The high production lowered the cost of the food and raised the standard of life. On the other hand, small farmer and peasant class was unemployed as they lost their land to rich landholders. There was increase in the labour force. It seems that socially and economically England possessed everything needed to fuel the industrial revolution.

and ‘‘post-mechanization’’ periods (4). According to this theory, there is a considerable population growth on farms during the pre-mechanization period in these two countries, was due to a booming agricultural industry (farming industry) that was prompted by technological innovations. This booming farming industry due to farm mechanization increases the demand for labor, which led to a population growth on farms. During the post-mechanization period, mechanization and technological innovations again played a role in shaping population distribution. During this period, however, new technological innovations resulted in less demand for farm labor, which eventually caused farm population to decrease (4).