19th and 20th Century of Europe

Europe in the 19th and twentieth centuries Introduction During the 19th and 20th atomic number 6, Europe witnessed its so-called demographic transition, with a fall in birth rates and an even greater fall in mortality rates, which led to a rapid increase in the population. The demographic transition was essentially a result of a decrease in chronic infectious diseases like tuberculosis, syphilis, diphtheria, measles, dysentery, and enteric fever fever. The wage distribution evidence suggests that the middle of the 19th century is an appropriate date for the start of modern convergence in the Atlantic economy. One might view this convergence as one of transition toward globally-integrated Atlantic factor markets. The convergence in wages from about 1854 to the end of the 19th century was the close to extensive that the Atlantic economy has seen since 1830, including the better-known convergence of the post-World fight II era, although the speed per decade wasnt as fast as during the spectacular post-World War II epoch (Crafts and Toniolo, 1996). Most of the convergence was complete by the turn of the century. Convergence wasnt limited to true(a) wages and living standards of the working poor: GDP per capita converged as well (ORourke and Williamson, 1998, ch. 2).

However, real wage convergence was much high-velocity than convergence of GDP per capita, and the globalization arguments which follow offer whatsoever reasons why. Our measure of Atlantic economy wage dispersion hind end be decomposed into three additive parts: wage dispersion indoors the New World; wage dispersion at bottom the sexagenarian World; and the wage gap in the midst of the Old World and the new (Williamson, 1996). On average, the wage gap between the New World and the old accounted for about 60 portion of the real wage variability across these 17 countries all over the four decades prior to 1913. The remaining 40 percent of the real wage variance was explained equally by the variance within Europe and within the New World. Thus, real wage variance among... If you want to get a full essay, order it on our website: Orderessay

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