... war) continued. Governments tried to lower their exchange rates to gain advantages in global trade and to turn inwards, raising tariffs, but since everyone was playing the same game to do so closed off potential benefits for trade and made existing difficulties worse. The world economy drifted into the Great Depression, which involved slow economic growth and high ... the local population. Since decolonization, naked imperialism had been replaced by more subtle forms of exploitation. Instead of government control and legally enforced monopolies, the developed world maintains a monopoly of...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate