At the turn of the 20th century, industrialization in Western Europe and North America saw new countries emerge (or return) as major economic powers. Germany (established in 1871) and the United States were the two countries that began to challenge the established powers such as Britain and the Netherlands on an industrial scale, while France's invigorated banking system compensated for its slow rate of industrialization. This period also saw Scandinavian countries catch up with modernization rates observed in other Western European countries; the wealth of natural resources, increased industrial output, and strong shipping networks combined to allow GDP per capita to grow at rates similar to the United States and France and Germany.
Between 1970 and 1913, GDP per capita in the three emerging regions roughly doubled, outpacing growth in countries considered economic and industrial "leaders" for most of the 1800s. While Britain had been the leading global superpower for most of the 19th century and still maintained healthy economic growth in the given period, the rise of Germany and the U.S. at this time would (and, later, the Soviet Union) go on to shape global economic development over the subsequent decades.
Gross domestic product (GDP) per capita in emerging economic powers in 1870, 1900 and 1913
(in U.S. dollars)
Characteristic
1870
1900
1913
Oldl leaders (Britain, Netherlands, Belgium and Switzerland)
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Cambridge University Press. (December 31, 2006). Gross domestic product (GDP) per capita in emerging economic powers in 1870, 1900 and 1913 (in U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1076279/gdp-per-capita-emerging-economic-powers-1870-1913/
Cambridge University Press. "Gross domestic product (GDP) per capita in emerging economic powers in 1870, 1900 and 1913 (in U.S. dollars)." Chart. December 31, 2006. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1076279/gdp-per-capita-emerging-economic-powers-1870-1913/
Cambridge University Press. (2006). Gross domestic product (GDP) per capita in emerging economic powers in 1870, 1900 and 1913 (in U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1076279/gdp-per-capita-emerging-economic-powers-1870-1913/
Cambridge University Press. "Gross Domestic Product (Gdp) per Capita in Emerging Economic Powers in 1870, 1900 and 1913 (in U.S. Dollars)." Statista, Statista Inc., 31 Dec 2006, https://www.statista.com/statistics/1076279/gdp-per-capita-emerging-economic-powers-1870-1913/
Cambridge University Press, Gross domestic product (GDP) per capita in emerging economic powers in 1870, 1900 and 1913 (in U.S. dollars) Statista, https://www.statista.com/statistics/1076279/gdp-per-capita-emerging-economic-powers-1870-1913/ (last visited November 21, 2024)
Gross domestic product (GDP) per capita in emerging economic powers in 1870, 1900 and 1913 (in U.S. dollars) [Graph], Cambridge University Press, December 31, 2006. [Online]. Available: https://www.statista.com/statistics/1076279/gdp-per-capita-emerging-economic-powers-1870-1913/