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All the charts that show this are dealing in percentage of world GDP. This is really a meaningless statistic, and by itself doesn't show anything one way or th
by douche 11y ago
All the charts that show this are dealing in percentage of world GDP. This is really a meaningless statistic, and by itself doesn't show anything one way or the other about colonialism. Until the beginning of the industrial revolution, China and India were always 1 & 2 in GDP, because they were 1 & 2 in population. The biggest innovation of the Industrial Revolution was decoupling production from population.
Est. world GDP, 1750: $128 billion - India @ ~22% = $28 billion
Est. world GDP, 1950: $4 trillion - India @ ~ 4% = $163 billion
[1] https://infogr.am/Share-of-world-GDP-throughout-history https://infogr.am/Share-of-world-GDP-throughout-history
[2] https://en.wikipedia.org/wiki/Gross_world_product https://en.wikipedia.org/wiki/Gross_world_product
- guyraput 11y agoYou are right; the largest gains in global economic output where made after the industrial revolution. http://www.economist.com/blogs/dailychart/2011/06/quantifying-history http://www.economist.com/blogs/dailychart/2011/06/quantifyin... But you can't ignore British policies that decimated India's manufacturing capability before that. Like what's been written below..