Despite a continued growth of production and wealth in absolute terms, the economy of "the first industrial nation" began to decelerate after 1870, in comparison with that of her closest competitors. ... The "technological retardist" theories are strongest in considering the erosion of "King Cotton` s" pre eminence, due in part to America` s competition and, the critics suggest, the British cotton manager` s lack of judgement. ... Here is the history of an industry that supplied one of the essential ingredients of modern economic life, is clear-cut evidence of a British resistance to technolog...

• Word Count: 3250
• Approx Pages: 13
• Grade Level: Undergraduate

AN OVERVIEW: THE LEWIS MODEL OF DEVELOPMENT The important feature of the Lewis model is that the economy consists of two sectors; an agricultural, rural or subsistence sector and an industrial, urban or capitalist sector. ...

• Word Count: 4558
• Approx Pages: 18
• Has Bibliography
• Grade Level: Undergraduate

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. ...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate

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). ...

• Word Count: 3329
• Approx Pages: 13
• Has Bibliography
• Grade Level: High School