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Economic growth spread to all regions of the world during the twentieth century, when world GDP per capita quintupled. The highest growth occurred in the 1960s during post-war reconstruction. Global nominal income expanded to $1 trillion by 1960 and $10 trillion by 1980.
Other seventeenth-century Anglo-American economies varied somewhat from these two early models. The Hudson River settlements, founded by the Dutch in 1613 and captured by the English in 1664, early centered on the fur trade but also developed a significant agricultural base.
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- England, Britain, and the World: Economic Development, 1660-1720 Overview. Professor Wrightson discusses the remarkable growth of the British economy in the late seventeenth and early eighteenth centuries.
How did these entanglements shape the lives of people in Britain, and how did these changes ripple around the world? We'll start by examining how industrial production changed British economics, labor, and culture. Then, we'll go global and examine how three industrial commodities changed communities, production, and trade all over the world.
Economy. Before the end of the 16th century Beverley had successfully claimed remission of taxation because of the town's comparative poverty, and a further discharge was granted in 1626. The decayed condition of the town cannot have been improved by outbreaks of plague in 1604 and 1610.
Dec 31, 2001 · This study is of the North American colonial economy from the middle of the seventeenth century to the American Revolution, with emphasis on the later years. The first part of the book is a theoretical framework for examining the general aspects of long-term economic development in the colonies while the second part looks at shipping and ...
By the early seventeenth century, Spain, Portugal, England, France, and the Netherlands all had established colonies in the Americas. Spain’s empire was the largest. (credit: modification of work “Map of North America in 1750” by Bill of Rights Institute/Flickr, CC BY 4.0)
