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Tag: Economy
Karl Marx
Summary Karl Marx was a German philosopher and economist who lived from 1818 to 1883. He is renowned for his theories on communism and socialism. His work, including The Communist Manifesto, has had a profound influence on global politics and economics. Facts Karl Marx was born in Trier, Germany, in 1818. He studied at the…
The Great Depression
Summary The Great Depression, a profound economic downturn lasting from the late 1920s to the late 1930s, was a global crisis marked by factors such as the stock market collapse, reduced consumer spending, government policies, and bank failures. This crisis led to widespread unemployment, poverty, and a significant impact on the global economy. Government interventions,…
The Industrial Revolution
Summary The Industrial Revolution was a transformative period in the late 18th and 19th centuries. It was marked by rapid industrial growth and innovation in Europe and North America. It brought about significant changes in the production of goods, living and working conditions, and societal structures. Facts Before the Industrial Revolution, goods were crafted manually…