Anglo American Economic Geography

1580 Words4 Pages
bulb-icon

Recommended: Compare between classic and Keynesian school thought

Discuss the intellectual history of Anglo American economic geography since the 2nd world war.

Economic concepts have often been used as the foundation for geographic theory; showing a relationship between the two. When the field of economics evolves then so too does the field of economic geography. Economic geography is defined as: a field of geography that helps to describe and explain the areas where economic activities are carried out. It is centered around helping to explain the production and distribution of commodities and how resources are to be allocated and the consequences (Barnes 2009). The Second World War ceased in 1945 and after this the economies of both America and the UK changed rapidly. These economies passed through different systems; Keynesian, Marxian, Neoliberalism, and mixed an economy (Bonney 1995). This in turn meant that economic geography passed through different stages too, with the most significant change occurring directly after the war; the start of the quantitative revolution. The way that the field of economic geography changes has implications on how the field as a whole is viewed. One of the main points is the interconnectivity with the economy; this also shows how the economy is viewed. Each period has a moment of emergence rapid efflorescence and a period of decline. To understand how economic geography has changed over the last fifty years, a brief explanation of the state of the economy should be covered

Directly after the war the US economy was in a state of strong economic growth due to consumers demand increasing, this was due to there being few opportunities to consume at a desired level during the war. The US held 95% of the worlds manufacturing helping it to recover more quick...

... middle of paper ...

...mic Geography. In: Leyson, A., Lee, R., Mcdowell, L. and Sunley, P. eds. 2011. The SAGE Handbook of Economic Geography. London: SAGE Publications.

Bonney, R. (1995). Economic systems and state finance. Oxford [England]: Clarendon Press.

Hardon, J. A. (2003). The Influence of Marxism in the United States Today. [online] Available at: http://www.therealpresence.org/archives/Communism/Communism_002.htm [Accessed: 21 Feb 2014].

Scott, A. J. (2000). Economic geography: the great half-century. Cambridge Journal of Economics, 24 (4), pp. 483 - 504.

Trainer, T. (2010). MARXIST THEORY; A brief Introduction. [online] Available at: https://socialsciences.arts.unsw.edu.au/tsw/Marx.html [Accessed: 21 Feb 2014].

WiseGEEK. (2010). What Is Keynesian Economics?. [online] Available at: http://www.wisegeek.org/what-is-keynesian-economics.htm [Accessed: 21 Feb 2014].

Show More
Related

  • Effect of Geography on English Colonies in America

    1211 Words  | 3 Pages

    The New England, Middle and Southern colonies were all English ruled, but yet very different. Among their distinctions, was the geography which played an important role in shaping these colonies. New England attracted Puritan farmers who wanted to separate from the Catholic Church. But because of the bone dry soil in the North, these colonists found they couldn't continue with their traditional ways of farming. However, with the immense amounts of water that surrounded them, they found that they could fish and trade. The Middle colonies on the other, hand had a moderate amount of everything. The fertile soil and the major seaports such as Philadelphia and New York, allowed these Middle colonists to make a living any way they saw fit. This led to the brisk development of the Middle Seaboard . Unlike the Middle and Northern colonies, the Southern colonies had large amounts of fertile land allowing for the development of large plantations. Because farming the plantations was the economic thrust for the South, towns and cities developed slowly. Thusly Geography greatly affected the lifestyles of these regions in the New World.

    Read More

  • How Has Pearl Harbor Changed America

    1065 Words  | 3 Pages

    Third, during the war the US economy plummeted as we were still recovering from the great depression. We didn’t have much time since the great depression to the war. The unemployment rate since the great depression was low, but the war started to change that. “The United States was still recovering from the impact of the Great Depression and the unemployment rate was hovering around 25%”(Impact...KLRU). A lot of men were sent off to war so there jobs were not getting done and someone had to get them

    Read More

  • How Did Ww2 Change America's Economy

    641 Words  | 2 Pages

    During the Great Depression, America’s economy was merely destroyed. Because less money was available, industrialization dropped, factories were losing, and the number of unemployment increased. Later, during World War II most of the countries were destroyed, however, America’s economy was able to grow. Due to the mobilization of America, The victory gardens, the rationing, and the urge to produce more to fight better, America’s production increased in order to support its military. Also, different types of industry that wasn’t available before the war started to develop during the war. So, employment started to increase, thereby increasing the economy. Moreover, it was able to fund other countries with weapons and products necessary for the war, and in alliances America was mainly the provider. After the war, when the Americans’ soldiers came back, with a huge number of factories and high number of people ready to work, production flourished. Thus, America started to recover economically and become more powerful. World War II transformed America’s economy from a depressed

    Read More

  • Baby Boomer Generation's Impact On The Environment

    578 Words  | 2 Pages

    The period after the war was thought by many to be a time of peace and prosperity, so it was a great time to have children around 77 million babies were born between 1946 to 1964 (History.com Staff). The ending and winning of the war direct influence on the on the increase of the population and reasonably a link to everything in our recent past since that time period. European countries on the other hand was in a disastrous state after the war. Countries economies were in a dire situation, so many took loans from the Unite States ( Sailus). The loans were not enough, as countries began printing money which caused inflation and their currency to become useless (Sailus). In the United States, the debate over the European economy was popular due to the ending of the Great Depression, men returning to work, and just ending an expensive war (Sailus). Many feared for the stability of the United States’ economy after loaning to Europe

    Read More

  • Ways in which the Economy in the United States Improve During the Second World War

    1821 Words  | 4 Pages

    This investigation will examine ways in which the US economy improved during the second World War and what caused these improvements. World War Two was a turning point for the American economy from the end of the Great Depression to the start of an economic boom. The reasons for this economic improvement are still debated today. This investigation will look at the economic indicators before, during, and after the war. It will also consider the two main arguments for the cause of the sudden economic growth and determine which one seems most probable.

    Read More

  • Bioregional History: The Calumet Region of Chicago

    1470 Words  | 3 Pages

    ...usan E. The Encyclopedia of Chicago, "Economic Geography." Chicago: Chicago History Museum, The Newberry Library, and Northwestern University, 2005.

    Read More

  • Michael J. Mcphillips Article: The Reality Of Wartime Economy

    1422 Words  | 3 Pages

    Basically the article suggests life was rough. But that all changed when we decided to participate in the war. In Steven Horwitz and Michael J. McPhillips’ article, “ The reality of Wartime Economy”, they note that many people want to believe that war was the reason we got out of the Great Depression because it has many favorable outcomes. They also point out that the economy was also revived by the aid of the government, but only because World War II was a catalyst (3). Industries got back into shape to spew out war materials. As if in unison, the whole country acted to aid in this war. Due to the demand of war supplies, millions of jobs opened up in factories. Horwitz and McPhillips’ article agrees when statistics were compared from before the war, and during the war. The statistics showed that 17% of Americans were unemployed before and during the war almost zero percentage of the american work force unemployed (4). The war was enough stimulation to the economy to get its gears started. Since almost everyone was employed during the World War, they were able to accumulate a large amount of sum. The earned money from the citizens accumulated so much that many families were able to move away from the cities and live in the suburbs. Everyone had money to spend and new consumer

    Read More

  • Did World War II end The Great Depression?

    672 Words  | 2 Pages

    ...epression. Obviously the high need for workers during World War II made people earn money. Many of them saved a lot of their money because they knew that they would probably lose their job after the war. Then, when Congress decided to cut tax rates in 1945, Americans had much more money to spend and they felt confident in starting new businesses, which led to a very low unemployment rate after the war and the end of the Great Depression.

    Read More

  • Foriegn Policy and Expansionism

    1484 Words  | 3 Pages

    Despite the depression American factories produced more than enough products and even expanded their businesses so they could make their own products at cheaper rates. By the 1900’s America was number one in world manufacturing and exports tripled and was mainly traded with Europe rather than Asia. As exports increased, inflation of prices decreased, so it was opportune for Americans to increase in trade investments. Naval expansion was also important if Americans wanted to be in control of a peaceful world which coincidentally also led the United States into ...

    Read More

  • President Hoover And The Great Depression

    1188 Words  | 3 Pages

    ...nemployment rates kept going down as long as the New Deal was still in action. People were finally getting back on track with their lives. Citizens now had jobs, money to pay for rent clothes, food, and businesses were reopening. People began to think of the end of The Great Depression as the great prosperity. By 1941, The Great Depression was nearly over. Since FDR agreed to enter war, World War II was about to begin. Many people benefited really from it. The war brought the opportunity for more available jobs in places such as factories. Factories made weapons for war and needed workers to make them. Small businesses also made war goods which created more jobs. By 1941 (when the war began) unemployment rates went down to 9.7%. America was officially over came The Great Depression. Without the New Deal America wouldn’t have been able to pick its self up as quick.

    Read More

  • The Great Depression

    1515 Words  | 4 Pages

    World War I came to an end in November of 1918, when the Treaty of Versailles was signed. This treaty ended the fighting and of many other results, it put the blame on Germany for the war. This resulted in Germany having to pay major reparation fee’s and put Germany in a financial hole. The treaty took away parts of Germany’s land and made it impossible for them to use their natural resources to profit from. The amount that Germany had to pay back was more then they could, and this started a chain reaction for the transfer of money. In 1924, The Dawes Plan was signed into action and the U.S. became a creditor nation. Germany owed around 32 billion in war reparations. They were unable to pay this, so the U.S. loaned Germany money, with that Germany paid European countries War Reparations, and with the reparation money they received, U.S exports were able to be bought. This benefited the U.S. because the loans would have to be paid back with interest, and it let the economy experience a boost because goods were able to be exported. The Dawes Plan boosted the American economy, while facilitating other European countries’ attempts to reestablish a stable financial state after World War One. This time period in the 1920’s is referred to as the ‘roaring twen...

    Read More

  • The Rise of the American Empire

    1633 Words  | 4 Pages

    Aside from national security interests domestic thirst for oil boomed. The war brought us out of the Great Depression. During the Depression a traditionally capitalist American society embraced a kind of socialism with the New Deal. WWII transformed the bear turned in a raging bull. Capitalism was back with a vengeance, charging forward stronger than it had ever been before. The heavy industry built up to sustain the war effort was retooled to meet the demands of the emerging consumerist culture of the 1950s. The new explosion of industrial output became so pervasive that the decade ended with President Eisenhower warning of the dangers of the growing “Military-Industrial Complex.”

    Read More

  • The American Dream and the Post War Era

    1173 Words  | 3 Pages

    After World War II America was well out of the depression. President Franklin D. Roosevelt ended segregation in the armed forces, and this gave many different races great new benefits. At the end of the war, the United States became a world power. The policy that stated they would not get involved in other country affairs ended. America became a different country after the war, in a good way. The population of America increased after the war (History Ch...

    Read More

  • Essay On WWII

    2293 Words  | 5 Pages

    WWII had a major effect on the United States economically. For starters, WW2 was right after the Great Depression so the citizens of the US were in the process of recovering from this crucial setback in the US economy. Ironically, WWII helped the county crawl out of this horrific depression. For example, businesses boomed because they were mass producing supplies for the war including many weapons and materials. Also...

    Read More

  • Economic Effects Of Wwi On The United States

    845 Words  | 2 Pages

    ... the economy saw noteworthy improvements for many years to come. Through the production of goods, loans, the stock market boom, and exports, the United States ' economy peaked during and after World War One. The growth was short lived as it was built upon the same conditions that brought about the Great Depression.

    Read More

More about Anglo American Economic Geography

Open Document