The cyclic and technological evolution of industrial economy as a cause of the Great Depression and the collapse of the USSR economy (part 1)

The article gives a critical assessment of the theory of an abstract market economy from the point of view of century-long differences. In the 19th century the industrial revolution created a combination of agro-industrial economy, in which the dominating nation was Britain with its vast agrarian markets of grain, cotton, wool, with its gold parity and short-term waves. The time of separate empires (colonial Britain and France, Germany, Russia, Austro-Hungary, the USA) came to its end in the late 19th century. The Industrial Revolution created industrial-agrarian economies first in Britain, then in the US and Germany, which later led to a long period of stagnation. The similarity of the sectoral makeup of industrial-agrarian economies prevented integration and led to economic autarchy. Only after the two world wars and the Great Depression which partially destroyed these agro-industrial economies did their integration start under the US global dominance.