Richest Countries in the World 1500-2022

Richest Countries in the World 1500-2022 | GDP PPP per Capita

Рет қаралды 1,330,955

Жыл бұрын

In this video we compare the richest countries by GDP PPP per capita from 1500 to 2022.
It includes kingdoms, empires, republics, federations, states and autonomous regions.
This video will take you through a historical journey where you will witness the rise and fall of different empires and economies while passing through key historical events, such as the Great Depression, WW1, WW2, Cold War, and many other events that shaped our world today.
Source: Angus Maddison Project - The World Economy: Historical Statistics.
World Bank, IMF, UN, Louis Johnston and Samuel H.Williamson, SCMP, CNBC,
St.Louis Fed.
I use Alien Art Charts to make those videos, use this link alienart.io/?referer=626917e1... to make similar videos as mine.
Countries included in the video:
Republic of Venice, Habsburg Netherlands, Holy Roman Empire, Kalmar Union, Kingdom of England, Kingdom of France, Habsburg Spain, Ming Dynasty, Mamluk Egypt, Kingdom of Poland, Ottoman Empire, Egypt Eyalet, Kingdom of Sweden, Denmark-Norway, Kingdom of Portugal, New Spain, Poland-Lithuania, Dutch Republic, Mughal Empire, Tokugawa Shogunate, Viceroyalty of Peru, Kingdom of Portugal, Qing Dynasty, Maratha Empire, Dutch Cape Colony, Great Britain, United States, French First Republic, Argentina, United Kingdom, French Empire, Prussia, Cape Colony, Netherlands, Uruguay, Sweden-Norway, Denmark, France, German Confederation, Two Sicilies, Austrian Empire, Canada, Ireland, Hong Kong, Venezuela, Belgium, Greece, Australia, New Zealand, Switzerland, Kingdom of Italy, Austria-Hungary, German Empire, Chile, Sweden, Norway, Weimar Republic, Estonia, Austria, Nazi Germany, Finland, Japan, France, Italy, West Germany, Qatar, Kuwait, Emirates, Luxembourg, Iceland, UAE, Saudi Arabia, Libya, Bahrain, Monaco, Oman, Liechtenstein, Bahamas, Singapore, Aruba, Germany, San Marino, Macau, Andorra, Bermuda, Brunei, Taiwan.
WW1, WW2

Пікірлер: 2 900

@sim6159 Жыл бұрын

If you read all the data, you can see a few big trends - first trade: the Dutch republic was on top for centuries. Then the industrial revolution came, the UK and the USA where on top, then oil was found in the middle east and the Arab nations where on top, and after that you got tax havens where the super rich would go to, to not pay any taxes.

@AntoBlo Жыл бұрын

Not necessarily tax heavens, but businesses friendly jurisdictions in general, which includes but is not limited to tax heavens.

@notnek202 Жыл бұрын

@@AntoBloNo tax havens

@stephm4047 Жыл бұрын

@@AntoBlo There is literally NO business in Monaco, Lichtenstein, Luxembourg, Singapore, Macau or Bermuda, except "tax optimization financial services", brand licensing and patents management and gaming. Which are all more or less related to money laundry. Basically white collar crooks

@stephm4047 Жыл бұрын

Yep, Venice first with the trade in the mediterranean and then the Dutch with the trade in the atlantic and the pacific.

@tvantklooster Жыл бұрын

@@stephm4047don't forget the baltic region. The Dutch Republic made alot of money buying and selling grain from the Baltics during the 17th and 18th century.

@Karinna360 Жыл бұрын

I am uruguayan. I didn't know that Uruguay did so well for sooo many years. The world change so much from one decade to another one.

@gatokoro Жыл бұрын

De hecho aunque ahora no es nada a como era antes Uruguay sigue bastante bien en comparación a otros países latinoamericanos, tiene un buen pib percapita

@valeriocatellan Жыл бұрын

Isso explica porque Uruguai e Argentina tem mais copa América que o Brasil. Tinham mais dinheiro, investiam mais em esporte

@valeriocatellan Жыл бұрын

Agora que o Brasil se tornou um país mais ou menos a tendência é que ultrapasse Uruguai e Argentina.

@badcornflakes6374 Жыл бұрын

Does everyone in Uruguay look similar or they have diversity? This important question

@Karinna360 Жыл бұрын

@@badcornflakes6374 we don't have much diversity, we mostly look like a mix of italian and spanish, due to the high volume of inmigration in the fist half of 20th century.

@mcf-662 Жыл бұрын

The Republic of Venice was kicking asses for centuries but that's kind of known. I'm more bewildered by how unfairly Sicily is portrayed nowadays as I had no clue how powerful it has been for centuries.

@Ahab71290 Жыл бұрын

How is it portrayed nowadays exactly? 😅

@mcf-662 Жыл бұрын

@@Ahab71290 would you have guessed it was the richest country in the world for centuries?

@Ahab71290 Жыл бұрын

@@mcf-662 not sure if that’s exactly what the graph said but yeah, I studied history in Italy and the kingdom of Sicily plays a huge role. My question was around what you thought the perception is when you say “unfairly portrayed”

@mcf-662 Жыл бұрын

@@Ahab71290 it's always portrayed as an underdeveloped place and mainly associated to the Mafia. You certainly have a deeper knowledge but to the average person Sicily doesn't symbolize a historically wealthy location with a rich history cause certainly it was never portrayed as such in movies and media. They both have a major role in creating an image of a nation in the eyes of the general public.

@Ahab71290 Жыл бұрын

@@mcf-662 whilst nobody can argue that Sicily simply lost the power and authority it once had, to think that Sicily is historically insignificant it’s pure and simple ignorance. Don’t believe the ignorants 🤘🏻

@helixator3975 Жыл бұрын

1835: Australia enters the chat 1873: Australia takes top spot World: who? 🤔

@thomas-australia Жыл бұрын

We had a gold rush in there somewhere.

@Bialy_1 Ай бұрын

It is a whole continent... so how the World can not know about it?

@xenotypos Ай бұрын

@@Bialy_1 Even in 1900 they had only 3 million people (compared with 44 million in Britain), so I wouldn't not be surprised if in 1873 few people around the world knew what Australia was.

@tylerstein3237 Жыл бұрын

You will never find any Indian in this comment section 😂

@memesins5647 Жыл бұрын

🤣🤣🤣 ola bro!

@sujalofficial9996 Жыл бұрын

Wait for future your dad will come in this game😂

@leo-de9ps Жыл бұрын

@@sujalofficial9996 this is so overused by indians

@hewas_chewasky Жыл бұрын

@Rasgulla who is jealous?

@bigdarknose-3000 Жыл бұрын

@Rasgulla jealous(x) didgusting(o)

@brucehanna9473 Жыл бұрын

Pretty amazing that the US has at least 50x the population of most of these nations and still has one of the highest per capital GDP rankings in the world.

@peggygraham6129 Жыл бұрын

It's not near the top of the list and population isn't an important factor in determining these values.

@paulroberts3639 Жыл бұрын

That is because there is so much wealth in the hands of the few richest.

@TiestoCalvinHarris Жыл бұрын

@@paulroberts3639 he literally says per Capita 🤦

@TiestoCalvinHarris Жыл бұрын

@@paulroberts3639 UAE and Qatar and Singapore have a high richest too, but USA is more influential

@AndreasViking1 Жыл бұрын

@@peggygraham6129population size is definitely a factor in terms of financial per capita performance. Countries like China and India only have large total GDP because of population size and have failed to be efficient with their large population. You are clumsy

@tytoalba4794 Жыл бұрын

Ahh yes the time when Southern Italy was richer

@alisgrin2524 Жыл бұрын

Imperio Español...

@cattysplat 5 ай бұрын

Wait till you hear about the Roman Empire...

@dragi8892 4 ай бұрын

The North was rich because they created commercial kingdoms at the beginning and then it took several centuries for the North to be filled with industries.

@dragi8892 4 ай бұрын

Yes, the south was also very rich because it was very strategic, but I think it depended on certain kingdoms that's why it became rich, although it cost it very expensive.

@AdikenStan 2 ай бұрын

@@dragi8892 also centered in one of the best trade areas for the time they could reach many wealthy European, African, and west Asian countries to trade with ease since they are centered in the Mediterranean. Its very interesting.

@singingsoul795 Жыл бұрын

Maratha Empire ❤️ 1674-1807 ❤️❤️❤️❤️

@skywave9397 Жыл бұрын

Chatrapati Shivaji Maharaj ki jay🚩🚩

@wernervon5508 Жыл бұрын

Yeah, awesome times!

@somangovdoctor Жыл бұрын

Mughal empire♥️♥️🔥🔥🔥

@mathskafunda4383 Жыл бұрын

@@somangovdoctor Lol, Marathas Crushed pisslims from India.

@pramodgurjar7053 Жыл бұрын

@@somangovdoctor ganta chutiya looters

@QuantumBraced Жыл бұрын

How the heck do we have economic measurements this accurate from the 1500s? PPP controls for cost of living based on a large basket of goods. Was there an IMF to measure this for every country in 1550?

@robertoalarcon4991 Жыл бұрын

No, es solo suposicion

@normaluser333 Жыл бұрын

Those are mere estimates. Honestly, everything before 1950 is to be taken with a grain of salt

@neloglass Жыл бұрын

@@normaluser333 With a lot of salt!!!

@RobertSmith-ii2xb Жыл бұрын

There is no measure prior to around the 1850's. It's just stories and made up statistics, just scrape the surface on a little research, you will laugh.

@thedreamscripter4002 Жыл бұрын

Even after 1950 GDP PPP per Capita overall doesn't say you about how "rich" is the country. For example, you many have peniless 98% of population, but a bunch of super-rich billionaires - and GDP PPP per Capita would take all the money those billionaires have and divide on each citizen of the country, thus telling you that "people in this country are very rich" while in reality majority of population would be impoverished. Neither of such "unified indicators" like GDP, GNP and etc. describe you real economy of the country.

@danielcreatd872 Жыл бұрын

An inportant fact to note, especially with older data, is that a significant part of a nations production used to consist of peasants producing goods for their own consumption which isn't calculated in the stastics.

@smb123211 Жыл бұрын

That's like saying India is an agricultural giant because they produce slightly more food than the US....until you notice that the US has about a million farmers and India has 600 million. LOL

@ajaysabarish9645 Жыл бұрын

America is more industrialized and india is just coming out of colonial oppression. During Mughal era India contributed 25% of worlds industrial export.

@smb123211 Жыл бұрын

@@ajaysabarish9645 OK but so? The US had the same percent in agriculture in 1850. It's not industrialization per se but not accepting that large industrial farms are more efficient, productive and profitable. Good luck

@carstengrooten3686 Жыл бұрын

@@smb123211then they still are an agricultural giant...

@smb123211 Жыл бұрын

@@carstengrooten3686 They are like China - output comes from numbers, not productivity. The point is that by devoting so many resources to agriculture India can't devote resources to other fields that create capital and increase societal knowledge. Modern civilization is really specialization - people learning a task more efficiently and productive. I worked with Indian guys (I was a consultant) and they were great but only a tiny sliver of what is needed.

@corne1717 Жыл бұрын

The clear winner of this video is the Netherlands. They have been on top for 220 years. For another 200 years they have been in the top 3 and 60 years in the top 10. They have been out of the top 10 just for 20 years at the end but that is just because of the small city states. Even the UK and venice couldnt come close to these numbers. A wonderful result for the Dutch.

@mobo1014 Жыл бұрын

Thx im dutch

@younglord7805 Жыл бұрын

@@anandapangestu6400 not really. Dutch colonies only played a role for maybe like a century. And those colonies were most of a drag than help for the Dutch. Greetings from Asia to Dutch!

@tijmen5355 Жыл бұрын

All states around #1 were assholes. US, qatar, dutch empire. Shows you can only be rich by taking advantage of poorer nations. Colonization, war, oil ecta

@agungprasetyo292 Жыл бұрын

I am from indonesia. Dutch became rich because dutch invate my country. So sad.....

@corne1717 Жыл бұрын

@@agungprasetyo292 That is actually wrong and an often misunderstood part of the Dutch history. As you can see in this video the Netherlands were already in the top 3 wealthiest countries in the world even before they started to colonize other regions in the world. That is because of their trade with north eastern europe through the east sea that lies between scandinavia and poland. That actually made the Netherlands rich and even later in the time of the VOC and the colonization of Indonesia the trade with the east sea was still good for 80% of the total wealth of the dutch republic. The part of colonization just accounted for 10 to 20% or so. Actually colonization didnt make europe rich at all. It only brought a lot of suffering to the colonized people without much benefits. A country like Germany or Austria which hadnt much colonies were almost as wealthy as countries like the UK and France that had a lot of colonies.

@sbeast64 Жыл бұрын

Hah, that was actually pretty entertaining and interesting to watch, especially Monaco and Lichenstein at the end. Also, Qatar and Kuwait just appearing out of nowhere @ 7:19

@pollutingpenguin2146 Жыл бұрын

It’s quite impressive that a small country like Denmark, without any natural resources or tax havens has managed to be in the top 10 richest countries in the world for over 500 years.

@LUNE.44 Жыл бұрын

"small country" it controls greenland so its larger than india

@pollutingpenguin2146 Жыл бұрын

@@LUNE.44 Greenland is a block of ice and even to this day, it doesn’t make financial sense to mine or drill for oil and gas. So the island is pretty much untouched and is costing Denmark 300mil USD a year. Also - Greenland is self governed - it is not like Denmark can do with it as they please.

@corne1717 Жыл бұрын

Maybe you missed the Netherlands that is even more densily popupated and far above Denmark the whole video...

@pollutingpenguin2146 Жыл бұрын

@@corne1717 no, the Netherlands is not richer than Denmark. And the Netherlands is a tax haven.

@corne1717 Жыл бұрын

@@pollutingpenguin2146 So you deny that according to this video the Netherlands was wealthier than Denmark for 480 of the last 500 years? And if we are a tax haven, then can you tell me how much we earn with it? And with which tax are we a haven? I believe we have just 20% dividend tax which is average in Europe. Ireland is a tax haven and that is why their economy suddenly doubled in the last 5 years. Don't forget that it was the Netherlands who saved Denmark against Sweden in 1658 in the second northern war when the Swedish troops had conquered all of Denmark and were besieging Copenhagen.

@cssaf Жыл бұрын

It's interesting how New Spain (Mexico) was always at the top as a Spanish colony, even higher than Spain sometimes

@samb1123 Жыл бұрын

Not that any of her people Native or most whites got benefit of it. It was mostly in the looted gold.

@cssaf Жыл бұрын

@@samb1123 80% of the gold was invested there, the crown just picked the 20% for taxes to pay the wars in Europe (a bad decission in my opinion)

@arthurhugo385 Жыл бұрын

Same way did Argentina and Venezuela

@Dragoon77 Жыл бұрын

@@arthurhugo385 I’m surprised at Argentina and Venezuela just after independence war. It was a time of civil wars

@badcornflakes6374 Жыл бұрын

Interesting now I'm sure Mexico is still higher than Spain if you get the collective money of all the cartels together. Spain has not been anywhere near it's former glory for a very, very long time.. Same was with China, but they finally found their groove again.

@i1pro 11 ай бұрын

They separated Spain, New Spain and Perú... The chart would look different if they were together as they were initially.

@louern123 7 ай бұрын

THE music sync is amazing 🎉

@winstongutual Жыл бұрын

in 2010 and so on, small countries DOMINATED this

@zarathustra498 Жыл бұрын

Tax havens

@Wahrheit_ Жыл бұрын

@@zarathustra498 At least in Europe, the richest countries are the happiest in the world

@danielm17 Жыл бұрын

@@zarathustra498 They dominate medians as well

@maciejniedzielski7496 Жыл бұрын

@@zarathustra498 exactly thought same - "paradises fiscaux"

@jonalberts980 Жыл бұрын

All that countries that small have to do is adjust alcohol and cigarettes a little and they're going to measure up pretty well in "Price Purchasing Parity". Idk if their drinks and smokes are cheap there, but PPP is kind of a worthless way to measure how rich a country is, since it's based somewhat on the prices of alcohol and cigarettes while a lot of unnecessary products aren't even considered. Maybe (and I hope it is) my information is outdated or wrong. Is coffee creamer considered as important as cigarettes? Because I'm addicted to that and I don't drink much and I never smoke.

@pablofernandez3284 Жыл бұрын

So... kingdom of Spain, virreinato de Perú and New Spain is not the same kingdom???. Ja ja ja ja. But.. Scotland, Wales and England are the same kingdom.??. As usual... this video maybe is done by English people. The black legend go on.

@maxdavis7722 Жыл бұрын

What? No, wales, Scotland and England are not the same. Obviously there’s just aren’t any estimates for those countries in the medieval period or they were considered part of England.

@CorvusLeukos Жыл бұрын

No tiene nada que ver con eso, simplemente tiene que ver con cuándo aparecen las estimaciones por primera vez, si te fijás los virreinatos tienen las mismas banderas que España y justamente esto ayuda contra la leyenda negra porque se aprecia que los virreinatos estaban en el top de los territorios más ricos del mundo e incluso más ricos que España a veces.

@Dragoon77 Жыл бұрын

De hecho es mejor así, se ve que no solo se podían tener buenos ingresos en la península. Esto es per capita (por persona)

@borispacheco342 Жыл бұрын

I don’t believe to have seen Japan at all…? Weird…

@eduardocamachomercado6819 Жыл бұрын

No. Same king, diferent kingdoms

@seoxsun 11 ай бұрын

just realized that sicily was rich in the past from this video. i couldnt have imagined that because i heard that southern italy is relatively poor than the northern part of italy.

@Marco-fx2bi 6 ай бұрын

Only the north benefited from unificaton of Italy, which was an annexation of the south by the north.

@tomreed-oe7hi 5 ай бұрын

Southern Italy became poor after garibaldi enslaved the south in the 1850s..its a travesty by those savage animals of savoy and piedmont. It was a disgrace for europes most advanced culture and richest economy to fall in such squallor. Those basterds needed to pay for what they done

@xyris1208 5 ай бұрын

If you research you discover the south was way richer than you imagine. Just for example in my city alone during the period 1700-1750 there were more lathes than in all of England. 60 years, and an industrial revolution later and England had more lathes than the rest of Europe combined. And then, after Italy was unified, an edict banned in the south the cultivation of blackberry which is essential for silkworm farming. Now the south doesn't have a texile industry, while the north does.

@joerosa2532 3 ай бұрын

We waz prinzes and dukes in shiiiiitt in Southern Italy and Sicily for well over 300 years.😝😝😝😝😝😝 Then came those bastard Savoys from Piedmont who stole all our wealth to pay their debts to those even more bastard Rothschilds.

@petercriscuola Жыл бұрын

Im from argentina. We were rich, now we are trash. Its sad to see what politicians have done to our countru.

@alexandracruz5243 Жыл бұрын

My country Venezuela was one of the richest in the world. So sad what's happening now 😢

@rickrandom6734 Жыл бұрын

You should hire Norwegians to run your countrys economy.

@niedrichFrietzsche Жыл бұрын

That's true! Wish you guys the best from Germany 🙏🏼

@janhansen554 Жыл бұрын

Norway is following Venezuela steps now. All rich is moving out of the country

@alexandracruz5243 Жыл бұрын

@@niedrichFrietzsche Thank you! I live in Germany since 10 years 🙂 It's my new home.

@alexandracruz5243 Жыл бұрын

@@janhansen554 Really? 😲😲😲

@irondwarf66 Жыл бұрын

The impressive part for the US after 1990 is that it stays in the running with a population bigger than a cruise ship.

@RS_Redbaron Жыл бұрын

Dhuu most of west Europa people moved to US

@irondwarf66 Жыл бұрын

@@RS_Redbaron not during the 1990s they didnt

@RS_Redbaron Жыл бұрын

@@irondwarf66 There were a record 44.8 million immigrants living in the U.S. in 2018, making up 13.7% of the nation’s population. This represents a more than fourfold increase since 1960, when 9.7 million immigrants lived in the U.S., accounting for 5.4% of the total U.S. population.

@mwagner500 Жыл бұрын

@@RS_Redbaron You miss that the US consists of 99% of immigrants considering that only the first nations were there before the Europeans/Africans/Asians

@universenerdd Жыл бұрын

@@RS_Redbaron count immigrant families and its 95%

@Myname-wh5yu Жыл бұрын

Per capita income in kingdoms is difficult for compare since most of the wealth was concentrated with the monarchy especially before the industrial age. This is why smaller countries with rich monarchy had a high per capita. Even absolute monarchies have the same issue today

@Meyers1793 Жыл бұрын

There is a different metric for measure income equity, its called the GINI coefficient

@rickrandom6734 Жыл бұрын

Monarchs money is made by people who work for him.

@mikatu Жыл бұрын

This is called gross domestic PRODUCT, as in production, not wealth owned per capita!

@hengzhou4566 Жыл бұрын

Should calculate the "majority", i.e., remove 10% richest and 10% poorest.

@leosv0 10 ай бұрын

This is not wealth, but current production.

@IlyaSolodky Жыл бұрын

@Gozhda, what is the source of this data? I understand that it is an estimated, but still there should be some reference to rely on.

@jamesz1003 Жыл бұрын

props to republic of venice/dutch and sicily for stay up there for so long

@nixxxon18 5 ай бұрын

Its hard to believe Spain wasn't the richest in 1500-1600, they had tons of gold and other materials coming from the Americas

@albertoht5753 5 ай бұрын

There were not that many tons of gold and only 20% went to Spain. The rest stayed in America. That is why New Spain and Peru appear so high.

@nixxxon18 5 ай бұрын

@@albertoht5753 A so they appear by separate, kinda nonsense since it was all spain

@waso778 5 ай бұрын

You ever heard of VOC???

@fjcg9821 6 ай бұрын

I wish the video would have made more clear that so many of these territories were part of the Spanish empire, at some points of the video even 4-5 out of the 15 were Spanish territories… apart from that very cool video!

@luukmeijer3296 Жыл бұрын

It’s quite impressive how a small country like the Netherlands has been on top for around 3 centuries

@wingslider Жыл бұрын

@@GigachadicusMaximusnot necessarily

@wingslider Жыл бұрын

@@GigachadicusMaximus no I’m saying not all small countries are rich , and their are a lot of countries that are big and rich ,

@gianluigigreco2835 Жыл бұрын

More impressive the sicily- two sicilies kingdom. Without colonies and than to now.

@johnwayne-kd1pn 8 ай бұрын

Considering how densly developed the Netherlands is, it's more surprising it's not still on the list. It's as developed as tiny microstates, but much larger in area. Probably the most densly developed land in the world, and it's not that small!

@Myname-wh5yu 7 ай бұрын

This is per capita so small counties have an advantage

@leyoshivenere350 Жыл бұрын

Ireland going from 50k to 100k in just 10 years is crazy

@RS_Redbaron Жыл бұрын

Thats called a tax haven trick learned from the Dutch ;)

@DublinMarc Жыл бұрын

@RS_Redbaron can't you b think of something more intelligent to say? Our economy is strong and vibrant. If you can't compete on taxes lower your taxes.

@Benji567891 5 ай бұрын

@@DublinMarc EU law prevents certain countries from lowering taxes, the EU allows certain regions to do it aka Ireland, Poland, basicaly they want to give certain economies a boost but other regions suffer because of it, it's one of major reasons certain people in power pushed for brexit, and actually a good reasons for it out of all the nonsense reasons.

@behemoth8399 2 ай бұрын

It takes the money from wealth created all over Europe

@andrewjordan4193 Жыл бұрын

I had no idea that the Kingdom of Sicily (later the Two Sicilies) had such high per capita income for much of the eighteenth century and part of the nineteenth. Italian unification seems to have been a bit of a downer. Can anyone explain this for me?

@celtic-charlesmartel1660 Жыл бұрын

Oui Naples fut la 3e ville d’Europe après Londres et Paris au 18ème et début 19e siècle et aujourd’hui c’est la 3e ville d’Italie

@maxstirner7566 Жыл бұрын

Political centralization destroyed competition between states. When competition is removed then quality of laws will degrade. It has then negative impact on productivity, inovation and freedom. The same fate awaits the EU.

@rna8arnold Жыл бұрын

Simple trade with the Far East.... think of Marco Polo...who was a Venician merchant.

@andrewjordan4193 Жыл бұрын

@@rna8arnold Indeed; though when Marco Polo lived (in the 13th Century) Venice prospered on the basis of the silk road trade route. I suppose Naples and other places then benefited as other trade routes to the east opened up (as you indicate). I know that by the eighteenth century Venice was in serious decline due to the move away to different routes over the past couple of centuries..

@xochitlxochipa4965 11 ай бұрын

In one Word "Spain" is the answer. As a part of the spanish monarchy they we're rich. After italian unification they became the poorest of the poor. And then the Maffia enters ...

@andreylyagu 5 ай бұрын

Thank you for your work

@eduzz4655 Жыл бұрын

Imagine if you unify the Spanish territories in this video and not showing it separately as you do...

@alexzgz100 Жыл бұрын

You must report this video . This video is a mistake .

@lordofthemound3890 Жыл бұрын

It’s per capita.

@emmanuelledavidnorwoodmira8198 Жыл бұрын

It's not a simple sum, because the video shows the GDP per capita, not the GDP

@jakebhenry2228 Жыл бұрын

It would actually probably be pretty bad relative to other members of the lost: 3-4% inflation was devastating, the pricing on gold and silver collapsed due to overselling it, and the bankruptcies of 1597 and 1603 left the financials of the empire shattered as a whole.

@kizilhan6178 Жыл бұрын

Nice work. Why did you put Egypt on the list after 1517 separately from the Ottoman Empire btw?

@WadRas55 Жыл бұрын

The same for Spain, Netherland Spain and Sicily Spain. In this era all this "countries" was part of Spanish Empire.

@kizilhan6178 Жыл бұрын

@@WadRas55 The countries you are talking about are colonies of Spain, but since 1517 Egypt was under Ottoman rule. Consider that even after Castile conquered Aragon, the two economies were calculated under different headings.

@11th_defender51 Жыл бұрын

@@kizilhan6178 but Egypt was more independent, they did whatever they wanted.

@alisgrin2524 Жыл бұрын

@@kizilhan6178 Castilla no conquistó Aragón, fue una unión dinástica

@alisgrin2524 Жыл бұрын

@@WadRas55 España no tenía colonias, eran reinos y virreinatos, los Países Bajos por herencia de la abuela del emperador Carlos V

@widyadwi321 6 ай бұрын

Indonesian: those are some good spice huh? Dutch: yes!!! Yes indeed!!!

@astrofabio68 7 ай бұрын

1503 where is Castile? what is Habsburg Spain in 1503?????? so france was the Valois france or England the tudor England? how do you make this absurd ranking?

@DM-hl3bx Жыл бұрын

Crazy how things change with the oil and gas boom.

@shanoncorrey9047 Жыл бұрын

habsburg Netherlands, Kingdom of Sicily, new Spain, Argentina, viceroyalty of Peru was part of Spain. Take a book

@pepitaaralartxope2304 Жыл бұрын

And 60 years Spain and Portugal were united, it isn't showed in this bad video

@shanoncorrey9047 Жыл бұрын

@@pepitaaralartxope2304 And ruled by the spanish king Felipe II

@peterdevalk7929 Жыл бұрын

Only for a relative short time. Not even 80 years. LMFAO.

@pepitaaralartxope2304 Жыл бұрын

@@shanoncorrey9047 Not spanish king, he had differents countries. He was the Catholic King, Spain wasn't exist

@shanoncorrey9047 Жыл бұрын

@@pepitaaralartxope2304 the beginning of Spain was at the end of the 15th century with the Catholic Monarchs

@frockon9542 Жыл бұрын

at some point the dutch were so rich, that they started competing with themselves lol

@lionelhutz5137 Жыл бұрын

1:20 Dutch Republic: "I'm just gonna squeeze right behind you guys here"

@finnishfinish9342 Жыл бұрын

WTF?! I didn’t know Southern Italy was THAT rich historically!

@eduzz4655 Жыл бұрын

Yeah because that territory of the Spanish monarchs were exempt of paying taxes.

@mirzaahmed6589 Жыл бұрын

Only because they controlled the spice trade.

@finnishfinish9342 Жыл бұрын

@@mirzaahmed6589 What? No, that territory didn’t have colonies and actually Portugal, Spain, the Netherlands, the UK and the Ottoman Empire controlled the spice trade. Even Venice had far more power in the spice trade in the Mediterranean.

@marcotagliavini9128 Жыл бұрын

Are you surprised? Don't worry! Probably many italians people have the same feeling too... But if you visit South of italy you can see many marvellous riches privates houses and public buildings (churches and palaces and castles and so on) in medieval and/or baroc style... Much more than england, or netherlands, or france too, for example... A real sign of the wealthness of the past (at least for aristocratic people).

@GandPhatiBandarHanugaand Жыл бұрын

Lol india is naxt superpower

@russenbaer 9 ай бұрын

Taiwan appeared in the last frame! But actually there are only two countries with population more than 10 million on the list - US and Taiwan.

@lawrence1135 8 ай бұрын

Taiwan is NOT a country

@Floren_Andro 11 ай бұрын

Does it really have to fragment the Spanish empire into 6627 territories (Dutch Absburgo, Spain Absburgo, Sicily, Viceroyalty of Peru, Viceroyalty of Mexico... etc) so that it never appears in first position?

@dmitripogosian5084 9 ай бұрын

Well, GDP per person is not additive, so splitting may actually have helped to put few parts of Spain onto the list

@edwardburroughs1489 7 ай бұрын

It would never have appeared in 1st position anyway.

@Floren_Andro 7 ай бұрын

@@edwardburroughs1489 It's clear that mathematics is not your thing.

@leon-ly6of 6 ай бұрын

@@Floren_Andro lol, looks like you don't understand how GDP per capita works.

@Floren_Andro 6 ай бұрын

@@leon-ly6of And you don't seem to understand that those territories were not "from Spain"... "They were Spain"...

@AM-ni3sz Жыл бұрын

That was amazing

@uu78kk Жыл бұрын

I live in Hong Kong and I thought that the richest time of Hong Kong is around 2000- 2005

@Dutch_Ball_Was_Here 4 ай бұрын

Some one in 1500s: "I have $200!" Girl in 1500s: "So rich! 🤑"

@austinli8891 3 ай бұрын

"I'm so rich" "how much do you have" "60 dollars"

@bouzdesigns Жыл бұрын

I like how Arab countries came out of nowhere

@dennisengelen2517 Жыл бұрын

I pray for the day we become independent from fossil fuels, these barbaric nations will sink faster than the Titanic once that day arrives. Such barbarians who defile human rights should never have this much power.

@bouzdesigns Жыл бұрын

@@dennisengelen2517 little jealous white kid

@7katter Жыл бұрын

@@dennisengelen2517 🙏

@justblaze7924 Жыл бұрын

@@dennisengelen2517 barbaric like western countries including your tiny weak country Belgium supporting Israel that kills Palestinians and stole their land

@silentboomber Жыл бұрын

@@dennisengelen2517 no worry, soon to be

@alejandropereiro3046 8 ай бұрын

That's funny! LOL. Why in the beginning of the video did you separate the Spanish Empire into Kingdom of Spain, Kingdom of Sicily, viceroyalty of New Spain, and viceroyalty of Peru, when all togerher was the Spanish Empire?

@mikemillervlogs2186 Жыл бұрын

Idk how you get these numbers, but damn keep it up

@xijinping937 Жыл бұрын

So there was a time where india (Mughal Empire and Maratha Empire) had around the same per capita income as Denmark Norway and Spain

@jeanettewee8805 11 ай бұрын

there wasn't

@xijinping937 11 ай бұрын

this video says that @@jeanettewee8805

@agamrockx 10 ай бұрын

@@jeanettewee8805there was....that's what contributed towards Britain's astonishing rise in GDP after Indian invasion....first try to know the facts before spitting shit

@Upanishadicsaint 9 ай бұрын

Yes and vijaynagar empire was even more rich

@AlexA-im6co Жыл бұрын

The sharp enrichment of the United States in each of the world wars looks very indicative

@sheikowi 10 ай бұрын

Yeah, we astutely stayed out the wars until the belligerents had sufficiently wrecked each other. We'll see how high the Gulf states do after they duke it out with Iran.

@cattysplat 5 ай бұрын

@@sheikowi Ultimate 4D chess. Let your opponents destroy each other then sell them more to keep the wars going, then sell yourself as the solution.

@jamesgarrison7397 2 ай бұрын

@@cattysplat Interesting view of US history. It could be said that the US stays out of conflicts in the beginning and tries peaceful resolutions. But, then after being attacked themselves enters the war. Then, after winning the war and giving the counties back to their people, the US helps them rebuild, i.e. the Marshall Plan.

@MrBoobsJohn 5 ай бұрын

Thanx for the yellow color and white text ❤

@chrisconnell8464 Жыл бұрын

Ireland the last 10 years is the biggest surprise on this list! Especially over Norway and Switzerland. I'm also surprised that Sweden's not there.

@pdfads Жыл бұрын

Ireland is a corporate tax haven. Almost all of Apple's money is supposedly made there.

@usefulrandom1855 Жыл бұрын

Yeah a lot of investment vehicles are domiciled in Ireland take Vangaurds funds for example VUSA S&P 500 fund.

@Mikebumpful Жыл бұрын

The problem with Ireland's newfound wealth is that little of it comes back to benefit the citizens.

@spaniardsrmoors6817 3 ай бұрын

These stats favor small countries and are exaggerated/BS. Ireland-tax haven, 10% wealthy to rich, 90% middle class to poor.

@IstanbulEdits Жыл бұрын

Happy To See Monaco There

@fernandogutierrez4429 10 ай бұрын

The fact that the Spanish Empire appears broken up is not the reason Spain doesn't occupy the top of the list. The graph shows GDP per Capita, so the global Spanish ranking would be an average of the parts (weighed). I rather it this way, so you can see how balanced the wealth was in the Empire.

@SpewPuke 5 ай бұрын

Then do the same with England

@dragi8892 4 ай бұрын

Remember that in those times wealth is measured differently.

@cpj93070 3 ай бұрын

@@SpewPuke It was done like that.

@G6JPG 6 ай бұрын

Fascinating! Having the top one fixed width gives a false picture, though: sometimes it makes others seem to grow when it's really the top one shrinking. I'd like to see it with fixed horizontal axis - obviously you'd have to step change all when it (say) doubles, with hysteresis to prevent too much jumping at those points.

@user-pm8xv4vf1u 2 ай бұрын

Whilst we all celebrate our countries being high on the list, GDP has actually been shown to be inversely proportional to happiness. In recent times at least.

@solomonokoli212 Жыл бұрын

It's interesting how the Ottoman empire and their vassal Egypt used to be quite wealthy in the 1500s -1600s. If only they had industrialized during the same period as Europe.

@indiekiddrugpatrol3117 Жыл бұрын

Is there a reason why no Muslim nations industrialised during the 1800s? Before the industrial revolution Arabs and Turks had been at the forefront of technological development competing with the Italians, Germans and English

@coenkloppert Жыл бұрын

@@indiekiddrugpatrol3117 Mostly because the Ottoman empire was not in a good place politically: systematic corruption, civil unrest and ethnic tensions. Make no mistake the Ottomans did in fact industrialise its just that they did not invest as much as other European powers and they had a crippling state debt.

@shafuimcoming5151 Жыл бұрын

@@indiekiddrugpatrol3117 at that time(1800s and 1900s) European did far better than Arab and Turk. So, eventually they lag behind.

@mmmcounts Жыл бұрын

Muslim decision makers rejected the printing press and this resulted in a long standing trend of relatively low literacy rates. Of course this had an effect on education, wealth, and general well being. Some of these countries didn't even clear the mark of 50% literacy until well until the 20th century while the more prosperous countries had literacy rates at or near 100% going back at least a couple of centuries.

@pankaja7974 Жыл бұрын

they read only only the one kutab no ?

@corne1717 Жыл бұрын

Netherlands on top, Netherlands on top, Dutch cape colony on top 👀

@willhovell9019 5 ай бұрын

Per capita wealth means nothing. At Britain's richest prak in 1914 in Britain and Ireland, there was some of the worst urban poverty in the Western world

@bluemoonflame342 Жыл бұрын

This really showcases how much of an impact the two World Wars had on the US economy.

@TiestoCalvinHarris Жыл бұрын

1951 Qatar , Kuwait,UAE show up

@cooldaddy2877 7 ай бұрын

Had a much bigger effect on the British economy which didnt start to get better until the 80s.

@antoniominissale7041 Жыл бұрын

Sicily was very rich for centuries

@Unknown-jt1jo 8 ай бұрын

The Kingdom of Sicily, which also includes Naples and southern Italy. I'm not sure the island of Sicily itself was that wealthy.

@TheAntonioze96 7 ай бұрын

@@Unknown-jt1jocerto che lo era

@joerosa2532 3 ай бұрын

It refers to the Regno delle due Sicilie, which was Sicily and most of southern Italy, just south of Rome.

@giuliolupo1 Ай бұрын

@@TheAntonioze96il dato è riferito al GDP pro capite e non a quello globale quindi tutto può essere. Però poi quando passa da Kingdom of Sicily a Two Sicily il dato resta invariato quindi si presume che sia sempre stato considerato tutto assieme.

@ichbinmartin Жыл бұрын

nice to see how stabile was the economy before banking system and inflation.

@dmitripogosian5084 9 ай бұрын

Meaning before paper money

@llliiillliiilll404 Жыл бұрын

During the quick jumps would be nice if you write on a side what major event lead to it

@b.h.abbott-motley2427 Жыл бұрын

What sort of dollars are the ones shown here? They're very different from the 2011 dollars used in the Maddison Project's 2020 data release. The ratios also differ. For example, the Netherlands comes in at $4,270 compared with Portugal's $1,258 for the year 1600. That's the Netherlands at 3.4x Portugal, while this video as the Dutch Republic as 2.6x Portugal. It's also worth keep in mind that estimates of historical GDP are extremely speculative.

@Unknown-jt1jo 8 ай бұрын

As you say, historical demographics are all essentially guesstimates. Prior to 1870, we don't have good figures for *any* country. And prior to 1950, we only have reliable figures for the rich countries.

@endrillukmani3236 Жыл бұрын

Nice work. Well done . You keep creating great videos 👍🏻👍🏻

@gozhdaa Жыл бұрын

Thank you, I will

@alejomanuelguerrero9326 Жыл бұрын

Why did you divide the Hispanic Monarchy into the kingdom of Spain, Sicily, New Spain and Perú. Maybe because it would have been number one or two until 1808?

@danielgiron6 Жыл бұрын

Because each viceroyalty was kinda autonomous

@Dragoon77 Жыл бұрын

It’s per capita, it wouldn’t go up if you joined it

@agustincervantes498 Ай бұрын

@@Dragoon77In this case the United Kingdom should not be at the top, the majority of the British Empire was poor and starving.

@ilminews1655 Жыл бұрын

What is name of software used in the editing

@parkthoven Жыл бұрын

Interesting~~!

@artistic_balkan.collection Жыл бұрын

VENEZIA ❤

@raghubirsingh519 Жыл бұрын

MARATHA EMPIRE❤️❤️❤️

@HolyRomanEmpireMapping 13 күн бұрын

It's Crazy to think Maratha Empire despite having more than 150 Million People still managed to be the 11th Richest Nation state in the world in terms of Per Capita income even richer than Polish Liuthanian Union and Kingdom of Denmark.

@padredemishijos12 10 ай бұрын

Kingdom of Spain, New Spain, and Viceroyalty of Peru were one country all subjects of the King of Spain.

@dragi8892 4 ай бұрын

surprising how wealth is measured.

@dennisengelen2517 Жыл бұрын

Before the big Wars of the previous century, the low lands had either one at the top or the pipsqueak nations of Belgium and Netherlands combines would be number one for many centuries It's amazing how underrated our tiny nations are, I dare say the low lands were the rulers of the late Middle Ages untill the UK blew everything up with the industrial revolution. No wonder it was such a rich ground for many geniuses like Lemaître, Mercrator and van Leeuwenhoek to name just a few.

@adaptercrash Жыл бұрын

That's not money that's people

@maciejniedzielski7496 Жыл бұрын

Powerful Dutch Navy both commercial et military. Even they sacked London once in XVII

@yanglee1404 Жыл бұрын

Up till 2022, the Netherlands is still in the third place among nations with population bigger than 10 million, only after USA and Taiwan. Those at the top are small regions and cities. Only USA, Taiwan, and the Netherlands have relatively larger population.

@geeboom Жыл бұрын

I was surprised to see Holland occupying the top spot for so long. But also the Sicilian kingdom. Liechtenstein and Monaco are there for artificial reasons.

@atropatene3596 Жыл бұрын

That's just what happens when you steal everyone's stuff though.

@Myname-wh5yu 7 ай бұрын

It would be interesting to see smaller kingdoms in Asia as well. like we would see in Europe. For example the kingdom of Mysore had a higher per capita income from the average.

@oxy2986 8 күн бұрын

Before 1500 ad , if we look at 8th century to 11th century chola nailed it there . They where richest empire in this periode of time and i can imagine there per capita because the empire has made phenomenal job in making structures in south india and SE ASIA. They would easily top 60% of trade they managed.

@HolyRomanEmpireMapping 13 күн бұрын

It's Crazy to think that at once, India(as Maratha Empire) had even larger Per Capita income that of Japan, Poland, China, Russia and was even comparable to Denmark in 1752 despite having a Population of more than 150 Million People, But now all of these countries are 5 to 10 times richer than India. Infact Once India was richer than Poland, but now Poland is 10 Times richer than Poland.

@nimrod06 10 ай бұрын

Takeaway: after the WWs, you either have a huge oil reserve or be a tiny state.

@artfquinn Жыл бұрын

There are only six non-city countries in the top 15 list in 2022. Besides USA, they are Ireland (5 million population), Norway (5 million), Switzerland (8 million), UAE (10 million) and Taiwan (23 million).

@raffiking1 Жыл бұрын

Are the UAE, Switzerland, Liechtenstein and Luxembourg all considered to be city countries?

@smilesmite6682 Жыл бұрын

Yes if you discount UAE, Switzerland, Qatar, Brunei, Luxembourg, and Liechtenstein. (You’re wrong)

@artfquinn Жыл бұрын

@@smilesmite6682 I I am adding UAE and Switzerland to the list. I still think Qatar, Brunei, Luxembourg, and Liechtenstein are too small, belong to city country category.

@smilesmite6682 Жыл бұрын

@@artfquinn they arent city states though by definition. They are small but all have rural areas outside the main city. For example Qatar has many km of desert outside Doha and many islands too. Brunei has rainforests and even other towns outside the capital.

@yanglee1404 Жыл бұрын

UAE has population less than ten million. The top three with population bigger than 10 million are USA, Taiwan and the Netherlands.

$@fracassonel9032$

@fracassonel9032 Жыл бұрын

Lo de venecia es extraordinario....durante 1000 años fueron una de las mayores potencias maritimas y comerciales del mundo con un territorio tan pequeño y solo 200.000 hbs.....y ademas enfrentando a paises e imperios gigantescos como los bizantinos, turcos, franceses, aragoneses, españoles, magrebies etc...ademas de sus propios enemigos en italia....

@alicaramba7680 Жыл бұрын

Doubtful Venice was so rich but Florence, Papal States and Milan nowhere to be seen.

@alexos8741 9 ай бұрын

Venecia era la corea del norte de la época en asuntos políticos. Económicamente eran eficaces porque obligaban a su nobleza (los únicos ricos y políticamente poderosos en la ciudad) a hacer lo que el estado quería, y no podían negarse. También habría que decir que Venecia no era sólo Venecia, tenían un imperio de islas (colonias) a través del Mediterráneo oriental, lo que hacía que su población fuese mayor que la de las ciudad, aunque era practicam imposible que alguien que no tuviera sangre veneciana fuera ciudadano.

@buckoleon 7 ай бұрын

Los aragoneses eran españoles

@txitxarroleon 3 ай бұрын

@@buckoleondéjalo, yo estoy leyendo comentarios por que al ver los videos de esta gente me saltaban al ojo muchas cosas, y te das cuenta de la ignorancia total en la que vive la gente.

@Paysoncougarfan.7885 Жыл бұрын

Per capita is very deceiving with small populations .Additionally, select individuals of small countries may be controlling all of the wealth. Total GDP output of Nations would be a much more realistic view of the world.

@timowayne6993 10 ай бұрын

I agree they shouldn't include tax heavens such as Monaco, Luxembourg and Liechtenstein.

@Unknown-jt1jo 8 ай бұрын

It depends what you're interested in. China has the world's largest economy by PPP, but on a per-capita basis it's just a middle-income country. So total GDP wouldn't tell you how well-off its citizens are.

@DenUitvreter 7 ай бұрын

The Dutch Republic was by far the most egalitarian power in the 17th century, the first big spending middle class in history basically. They were the first modern capitalists and very ordinary people owned shares as well as paintings.

@ramesesrommella.macatol1247 4 ай бұрын

HDI is a much better measure of wealth as it is an aggregate of various socio-economic metrics.

@stizan9185 Ай бұрын

What, per capita is not 100 accurate but Total gdp is way worse, since then its all about population number

@AnupamArjel16 Жыл бұрын

Maratha Empire🇮🇳

@SibgatullahImran Жыл бұрын

😂

@thesandsswimwearmodelling6835 Жыл бұрын

GDP per capita is a flow variable and is therefore not a measure for how rich or wealthy a country is. It just shows how productive the country is in terms of producing goods and services. While there is some correlation between the two, better indicators are mean and median household wealth.

@anastasy2 Жыл бұрын

Yes, we all know that Monaco, Liechtenstein and Luxembourg are all very "productive" countries... 😆

@naturetruth5218 Жыл бұрын

PPP means to take into consideration of purchasing power. If you earned $2k in US, you are likely homeless sleeping in car. If you earned that in China, you are middle income enjoying life. In India and Africa, you live like Raj.

@firstlast9916 Жыл бұрын

Qatar: yah, somebody discover oil in my back yard! Since it my back yard, it’s mine right? Yayyyyy

@kekeke8988 Жыл бұрын

@@anastasy2 Except they don't produce anything, do they? They're literally microstates.

@TiestoCalvinHarris Жыл бұрын

Every country is different, value of life is different too

@Plutotheaxolotl Жыл бұрын

Good video you never disappointed us

@gozhdaa Жыл бұрын

I appreciate that!

@Franchute84 2 ай бұрын

de donde saco las bases de dato para esta comparación?

@danydany527 Жыл бұрын

Next video with the lowest / smallest debt in the world pls!!! i wanna surprise people:)

@reporol Жыл бұрын

From the big countries just USA remains on top until the end

@reporol Жыл бұрын

Very good video though

@gozhdaa Жыл бұрын

Thanks

@AlexMkd1984 Жыл бұрын

usa gdp is fake usa dont produce nothing biy cheap chinese products ans selling like american product 😂😂😂😂😂

@AlexMkd1984 Жыл бұрын

@@reporol usa gdp is fake usa dont produce nothing biy cheap chinese products ans selling like american product 😂😂😂😂😂 you are so stupid and naive

@dennisengelen2517 Жыл бұрын

Bro the US is just recently at the top thanks to a war that was fought over the ocean. Their richdom is only thanks to the suffering we've had in Europe, if none of this happened then the US wouldn't ever be in power.

@magic77wand 3 ай бұрын

It's all oil-rich countries and tax havens these days

@ArounDeatH Жыл бұрын

New Zeland in early XX century: Hold my beer, guys

@m1kus960 11 ай бұрын

I want to choose a country to move to and the most important criterion for me is how much money I can save from my salary after all monthly expenses (after paying for housing and utilities, after paying for food and hygiene products, etc.), please tell me the rating that shows this , maybe it is GDP PPP per capita?

@Verita1975 6 ай бұрын

Very interesting to see how high the Kingdom of 2 Sicilies/ Naples and Venice was for so long … you can see the transition from Mediterranean Countries ( Trade) … to Atlantic Countries ( International trade and colonialism) eg the Dutch, to the wealth of South America after the Napoleonic Wars , Then when the Industrial Revolution Kicks in it’s the British Empire (specifically the UK and White Dominions) and the US… then as the Industrial Revolution moves to Northern Europe they move up the list. The saddest thing to see is post WW2 it’s just oil rich countries and tax havens. You can understand how in all the other cases there ) despite great injustices) was at least some sort of productive value being created … international trade/ mining /farming/ manufacturing now it’s just pumping oil out of the earth and hiding the money in a postage stamp size country !!

@simonmeyer7621 5 ай бұрын

You get it right. Norway only got rich because of the oil. Irish only because of tax heaven.

@cattysplat 5 ай бұрын

Then you wonder why a third world war is coming. Hoarding of wealth can't go on forever.

@dragi8892 4 ай бұрын

What a shame Argentinian and Venezuelan 😢

@victorbegarie5513 5 ай бұрын

🇦🇷. EXELENTE TRABAJO !

@ramp597 Жыл бұрын

Man merchant republics were crazy back in the day

@burakm3776 Жыл бұрын

Bad info at all. Egypt was in Ottoman rule after 1517. And it was not an Eyalet before it. It was calles as Memluk Sultanate before. And there are more mistakes..

@georgiem2907 Жыл бұрын

Argentina was doing it so well, what it just happened

@KnightxxArrow Жыл бұрын

Peronism

@Slithermotion Жыл бұрын

Socialism

@badcornflakes6374 Жыл бұрын

They didn't embrace Capitalism

@CombatHD3 Жыл бұрын

dogshit agro-export model economy

@axwleurope9519 Жыл бұрын

Socialism

@AndySaenz Жыл бұрын

WOW, it’s impressive how Qatar and Kuwait literally exploded to the top in 1950! Those oil rich countries are killing it!

@Naseem_Ali- Жыл бұрын

Kindly name of kingdom are un readable in documentary be cleared names thanks from Pakistan

@user-glg20 Жыл бұрын

Impressive that in period of 1500-1750 there is almost no inflation

@ricgunn1439 Жыл бұрын

And no paper money

@defendfreedom1390 Жыл бұрын

@@ricgunn1439 And no central banks, except maybe in the UK and Netherlands.

@alisgrin2524 Жыл бұрын

@@defendfreedom1390 Mmmm... Tal vez sea por eso... 🤔🤔

@DenUitvreter 7 ай бұрын

Central banking in the Dutch Republic was to increase confidence in money for the sake of the economy, not for stealing by printing extra money yet. Cutting coins and counterfitting were heavily punished, so there was a morale. Corruption of that took a while.