Wealth Year 1900 Produced by the SASI group (Sheffield) and Mark Newman (Michigan) By the 1900s Western Europe had experienced an industrial revolution. Workers who may previously have performed all stages of a production process in their own homes were now in mechanised factories with a greater division of labour. This increased efficiency and therefore output. In the period between 1500 to 1900 the world average of Gross Domestic Product per person had doubled. The world population had also risen over this period, thus the rise in total Gross Domestic Product was even greater than the per person increases. In 1900 the world total was US$2 trillion when expressed in 1990 purchasing power parity. Territory size shows the proportion of worldwide Gross Domestic Product measured in US$ equalised for purchasing power parity that was produced there in 1900. Land area Technical notes • Data are from Angus Maddison’s 2003 The World Economy. • Gross Domestic Product is measured in Purchasing Power Parity (PPP) US$, thus PPP US$1 has the same purchasing power in every territory. This PPP is in 1990 prices. • See website for further information. Rank 1 2 3 4 5 6 7 8 9 10 Territory United Kingdom New Zealand United States Australia Switzerland Belgium Netherlands Denmark Germany Canada Value 4492 4298 4091 4013 3833 3731 3424 3017 2985 2911 Rank 141 142 143 165 169 170 188 189 190 193 Territory Myanmar Albania Brazil Bangladesh India Somalia Mongolia China Nepal Dem Republic Congo Value 685 685 678 607 599 557 553 545 539 483 TIMELINE OF WORLD WEALTH annual gross domestic product in US$ per person purchasing power parity by region TOP TEN WEALTHIEST AND OTHER NOTABLE RATES OF WEALTH PER PERSON IN YEAR 1900 40000 35000 30000 25000 20000 15000 10000 5000 0 0 200 400 600 800 1000 1200 year of current era 1400 1600 1800 2000 US$ of Gross Domestic Product in purchasing power parity per person in 1900* “The industrial revolution ... enormously increased the capacity of some groups, mostly Europeans at first, to produce goods and services. It greatly altered the distribution of wealth and poverty around the world ...” National Centre for History, 2006 www.worldmapper.org © Copyright 2006 SASI Group (University of Sheffield) and Mark Newman (University of Michigan) Map161
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