20thCentury in Review5/1/061.Take Away Themes of the 20thCenturya.Economic Historyi.Dominant area of events of crucial changeii.Serves a greater driving force in life than in other timesb.Wealth Increasesi.Broader, wider felt feeling of prosperityc.Barbarismi.Because of productivity and organization, more effective destruction and social upheavalii.More barbaric social upheaval than in any previous century. Origins in economic ideologies.d.Growing gulf between different national economiesi.World’s material wealth becomes more unequally distributede.Economic intelligence?i.Management of economies by governments was ineptii.Little was known how to manage economiesiii.Lesions learned were quickly forgotten2.If an economic history of the twentieth century…a.Economy that changes in this century that changes rapidly and fundamentally, not as much changes of culture and politicsb.Pace of creative destruction was enough to fundamentally alter the world. Production, distribution, consumption was the
This is the end of the preview.
access the rest of the document.