Has the Gap Between the Rich and the Poor Worldwide Grown Larger Over the Centuries?
According to the economic historian Angus Maddison, in 1820 the world's most advanced economy was about five times as rich as its poorest. By 1913, this ratio was perhaps 13 to one. By 1950, it had reached 33 to one. Today, the combination of continuing growth in the world's richest country, the US, with burgeoning population and constant warfare in what may well be its poorest, the Democratic Republic of Congo, has brought this ratio to above 100 to one. The world's jurisdictional disintegration creates two big challenges for its integrating economy.
comments powered by Disqus
- South Dakota drops history as a high school requirement
- The Forgotten History Of 'Violent Displacement' That Helped Create The National Parks
- Gospel of Jesus’ Wife May Be Authentic, New Tests Suggest
- Architect Sought for Obama’s Presidential Library Complex
- 2016 election's leading candidates have strong Jewish family ties
- Ron Radosh plans to defend Warren Harding in a new book
- Historians tackle America’s mass incarceration problem
- Report: Russian studies in crisis
- Medievalist calls on historians to welcome pop culture