Golden Age (1 янв 1896 г. – 1 янв 1914 г.)

Описание:

--> International Market grew (int. lending & investments)
--> output & income rose in every nation
--> economic stability thanks to gold standard
--> trade boost thanks to g. standard (30%-70% more trade)
--> rush of railroad building in underdeveloped regions
--> new inventions (refrigerator) that helped
exports/imports
--> financing of USA & Australia by foreign investors
--> increasing specialization (Comparative Advantage)

Добавлено на ленту времени:

Дата: