Following this time period was the industrial revolution. ... The African American working population dates back to slavery. African American men faced discrimination and a lack of marketable skills that lead to underemployment or unemployment. This meant that African American women had to work to survive (Hattery, 14). ...
The internationalization of economic activity in Europe first took off in the fifteenth and sixteenth centuries, with the development of new shipping technology that led to Spanish colonization of Latin America. ... Similarly, the nineteenth century proved to be an era of increased international commerce, triggered by the industrial revolution but, in the 1930s, this economic expansion was reversed as political turmoil created the Great Depression. ...
The process of economic development has been usually seen as a transformation from the rural agricultural sector to the urban manufacturing sector in developing countries. This process in the dual sectors is driven by labor transfers (migration) and capital accumulation. W. Arthur Lewis in his work on 'Economic development with unlimited supplies of labor' (1954) analyzed the labor market dualism and the structural difference between the subsistence sector and capitalistic sector in developing economies. The two sectors in the Lewis model are referred to as the subsistence and capit...
