Economic history of the world
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Economic history as it relates to economic growth in the modern sense first occurred during the industrial revolution in the West, due to high amounts of energy conversion taking place. Economic growth spread to all regions of the world during the 20th century, when world GDP per capita quintupled. The highest growth occurred in the 1960s during post-war reconstruction and in the early 2000s, driven by new technology and globalization. The history of economics goes much further back in time though, to trading in commodities and the development of market economies. The use of barter like methods may date back to at least 100,000 years ago von Miller, Frederic P.
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