Economic Development During The Post War Period Of...

Economic Develop is a term that is commonly used to describe the process whereby simple low-income national economies are transformed into modern industrial economies. (Krueger). It includes the policies and practices a country uses, (i.e. environmental issues, educational standards, gross domestic product, (per capita), healthcare levels, infrastructure and the availability of housing), to progress the economic, political, and societal good of its people and generally surmises and describes changes within a country’s economy; in terms of assets, incomes, savings and socioeconomic structure. There are generally two pivotal classifications of determinant components that stimulus the economic development of a country. They are; ïÆ'Ëœ Economic Factors, (i.e. capital development, natural resources, oversupply of marketable agriculture, foreign trade restrictions and economic approaches). ïÆ'Ëœ Non-Economic Factors, (i.e. depravity, social organization, diplomatic autonomy, education, technology and human capital). Economic development originated in the post war period of reconstruction initiated by the United States. â€Å"In 1949, during his inaugural speech, President Harry Truman identified the development of undeveloped areas as a priority for the west More than half the people of the world are living in conditions approaching misery. Their food is inadequate, they are victims of disease. Their economic life is primitive and stagnant. Their poverty is a handicap and a threat both toShow MoreRelatedThe Civil War And Reconstruction Periods1118 Words   |  5 PagesThe Unfinished Revolution The Civil War and Reconstruction periods had many positive outcomes for America, such as the reunification of the Union, the expansion of the North and South’s economy, education for all, and much more. Although there were many positive results from these two periods, there was also an aftermath of much failure. The post Civil War, and Reconstruction period consisted of the formation of the Ku Klux Klan and the black code laws. Despite the fact that African American’s wereRead MoreSouthern White Supremacy and Black Civil Rights 1863-1877 Essay1300 Words   |  6 Pages Having endured the brutality of slavery and the uncertainty of war, America’s blacks enjoyed a period of relative respite during the years 1863-1877. With slavery abolished, the South underwent reconstruction within every component of its unsteady structure. 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