Economic concepts have often been used as the foundation for geographic theory; showing a relationship between the two. When the field of economics evolves then so too does the field of economic geography. Economic geography is defined as: a field of geography that helps to describe and explain the areas where economic activities are carried out. It is centered around helping to explain the production and distribution of commodities and how resources are to be allocated and the consequences (Barnes 2009). The Second World War ceased in 1945 and after this the economies of both America and the UK changed rapidly. These economies passed through different systems; Keynesian, Marxian, Neoliberalism, and mixed an economy (Bonney 1995). This in turn meant that economic geography passed through different stages too, with the most significant change occurring directly after the war; the start of the quantitative revolution. The way that the field of economic geography changes has implications on how the field as a whole is viewed. One of the main points is the interconnectivity with the economy; this also shows how the economy is viewed. Each period has a moment of emergence rapid efflorescence and a period of decline. To understand how economic geography has changed over the last fifty years, a brief explanation of the state of the economy should be covered
Directly after the war the US economy was in a state of strong economic growth due to consumers demand increasing, this was due to there being few opportunities to consume at a desired level during the war. The US held 95% of the worlds manufacturing helping it to recover more quick...
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