“…by 1820 the collective economies of Western Europe were still smaller in value than the single, if massive, economy of China. By 1820, Western Europe’s economies had surpassed that of India but when all of Asia’s economies are put together for the sake of comparison, the economies of Western Europe constituted less than half the value of its eastern counterpart. This would change dramatically in the course of the following one hundred years. By 1913, as a result of industrial capitalism, the economies of Western Europe were almost a third larger than those of Asia, including Japan…[I]ndustrial capitalism transformed the power and wealth of Europe…” – Page 67 of The Atlantic World: Europeans, Africans, Indians and Their Shared History, 1400 – 1900 by Thomas Benjamin.

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