B2720thand21st

__ #27: Average Income Growth __ The growth of average income per person in Europe changed drastically. In the 1700’s the average per-person income in the wealthiest European country was less than twice that in the poorest non-Western land. By 1970 however, the average person in the wealthiest countries had an income fully twenty-five times as great as that received by the average person in the poorest countries of Africa and Asia. Before 1913, the income per person in Third World countries stagnated. After 1945, Third World countries finally made some real economic progress. In general, the time period from 1913 to 1970 saw a growth of 4 times in average income per person. McKay, John P. __History of Western society__. Boston: Houghton Mifflin, 2003.