John Caldwell Developed the Wealth Flows Theory as a Revision

question 6

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John Caldwell developed the wealth flows theory as a revision to demographic transition theory. Summarize wealth flows theory and list its main points. Also, tell me if you believe this theory is applicable today in developing societies.

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Definitions:

Mid-Atlantic Region

An area of the United States that includes states like New York, New Jersey, and Pennsylvania, known for its significant cultural and economic contribution.

Civil War

In United States history, refers to the conflict between the Northern states (Union) and the Southern secessionist states (Confederacy) from 1861 to 1865, primarily over the issues of states' rights and slavery.

Haitian Revolution

A successful anti-slavery and anti-colonial insurrection between 1791 and 1804, leading to the establishment of Haiti as a sovereign nation.

Toussaint Louverture

A leader of the Haitian Revolution, who played a key role in the country’s fight for independence from France, becoming a symbol of the struggle against slavery.