The Reversal of Fortune
Some countries that were rich in the past are poor today and vice-versa, despite the fact that geography hasn't changed. What does the reversal of fortune tell us
Some countries that were rich in the past are poor today and vice-versa, despite the fact that geography hasn't changed. What does the reversal of fortune tell us about the causes of growth?
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I think you are overstating just how successful St Domingue was in the 18th Century. Whilst there was a period in the early 18th Century during which it was producing 40% or so of the worlds sugar and coffee consumption I think its important to note that this was produced almost entirely by slaves. from wikipedia: "...slave population in 1789 totalled 500,000, ruled over by a white population that numbered only 32,000." So I"d say that the MEDIAN wealth of the population has arguably considerably INCREASED since 1790 since they at least now own themselves.
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