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The long journey of the us to become the worlds economic and industrial domination

China is bent on world domination — but not in the way you think

For most of human history, the most powerful economic powers, or those that produced the largest share of global economic output, were simply the countries that housed the most people and controlled the most land. One of the reasons for this is that industrialization is a very recent phenomenon. Up until about 300 years ago, economies across the world were mainly agricultural, with most of the value produced from the land.

  1. Britain's industrial supremacy involved the growth of some large firms with thousands of workers under one roof and employing powered machinery. Here, in chronological order, are the five most powerful economic empires of all time.
  2. As the onslaught of reactionary politics around the world amply shows, there are no guarantees that these vast territorial dominions and their satellites will become more liberal or democratic. The economy flourished when cotton boomed and exports were high.
  3. In the most recent Charities Aid Foundation survey, Americans ranked 1 internationally when it came to helping strangers. Lucas Jackson—Reuters A mortar flies out of a tube during a mortar exercise for U.
  4. It was not supposed to be this way.
  5. Some scholars, like Ronald A. Some of these countries - along with major purchasers such as Israel and Saudi Arabia - are clearly preparing for confrontations in the coming decade.

Nevertheless, certain civilizations developed huge advantages against their rivals. From there, it would take a nation thousands of years to turn itself into a true economic powerhouse.

The Workshop of the World

That is, until the industrial evolution upended everything. Here, in chronological order, are the five most powerful economic empires of all time: The Roman Empire, circa 100 AD: Rome rose quickly from a small republic to a dominant global empire in a matter of centuries.

It cemented its status as a superpower in a series of wars, known as the Punic Wars, with Ancient Carthage.

Fortune 5: The most powerful economic empires of all time

These conflicts gave Rome complete dominance of the Mediterranean Sea, a body of water that enabled trade to flow easily from the economically vibrant areas of the empire, like the city of Rome and Egypt.

As economists today know, trade is a vital ingredient for economic growth, and the Romans were better at it during their height than anybody else. There is also evidence that the Romans had a sophisticated financial system that made extensive use of bank notes and other forms of credit, which enabled traders to forgo hauling precious metals across long distances.

America’s dominance is over. By 2030, we

But by the time Chinese civilization made good use of the benefits of agricultural society, around 1200 AD, they had created one of the most magnificent civilizations the world had ever seen. Some scholars, like Ronald A. Mughal Empire in India, circa 1700 AD: But among its most economically vibrant was the Moghul Empire, which dated from the sixteenth century until the establishment of the British Raj in the middle of the 19th.

These Are the 5 Reasons Why the U.S. Remains the World

Such a dynamic fueled the plunder of the newly discovered Americas for its wealth of precious metals. This persisted throughout the Mughal era, as European explorers began to insinuate themselves further into Indian society.

The Mughal empire slowly decayed amid the rise of the industrialized British Empire, which officially colonized the subcontinent in the middle of the 19th century. The British Empire, circa 1870: But all that changes once we get to the height of the British Empire, where extensive tax and other records make the job a bit easier.

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The British are also the first empire on the list that dominated the globe economically without strictly controlling an equally large percentage of the global population. The United States of America, circa 1950: However, that statistic is a bit misleading. But its total economic dominance in the middle of the last century was a product of the war.

  1. Industrial magnates themselves frequently aspired to landed lifestyles.
  2. From there, it would take a nation thousands of years to turn itself into a true economic powerhouse.
  3. As Anne-Marie Slaughter explains, "nation states are the world of the chessboard, of traditional geopolitics...

But as you can see, this follows a broad historical pattern: Kings of the economic hill are difficult to unseat, and are usually only overthrown following massive conflicts, or because of some economic revolution elsewhere. Britain gained its status because of the industrial revolution, which enabled it to smash through the growth ceiling that agricultural economies faced.