Over the years poverty has been a problem that has affected the third world countries. It can be defined as the condition or quality of being financially unsettled. Latin American and Eastern countries are examples of poverty that contains a shortage of many needs and wants. Poverty occurs in most parts of the world. Nevertheless, the most serious intricate poverty takes part in the third world and the southern parts of the globe. Poverty is a problem that has affected the world for many years, it has caused the loss of many great civilizations, opportunities that countries could have had, and therefore causing some of the great consequences to these countries that plummets them into depth of destruction.
What is Poverty?.
Poverty is the condition of being financially unsettled in need, as lack of sufficient resources necessary to maintain a minimally adequate standard of living. Inferiority; inequality; scarcity; are all known as poverty. The Third World is made up of 120 countries that make more that one-half of the world's population, making almost two-thirds of the countries to live in extreme poverty. Because developing countries are low on economic status, they are referred as to the "South" and the developed countries as to the "North".
Some of the background history on poverty can be based on how some countries had big civilizations that were great and big, had economic systems that helped the developed nations to be what they are today, and now they are the ones that are part of the third world. For instance, a great civilization that was big until ambitious men from other countries came and stole everything from them was, the "Aztecs". The Aztec civilization was big and powerful and was founded on parts of Central America. One can say that they could have accomplished lots of things, but Hernan Cortez, a Spaniard soldier came to Las Americas in search of gold and other riches.