The First World War is usually regarded as the commencement of the modern era. In reason of the War's implication in some of the most significant changes in culture, economy, and government throughout the world, it is considered as the launch of a whole new set of outlooks of the world. An i...

Exogenous factor shaping economic growth continent wide was the great power conflict. Countries falling for geographical and other reasons within the U.S. and Soviet spheres of influence felt strong pressure to adopt the same form of economic organization as their dominant partner. And how they orga...