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Why might dependency theorists criticize modernization theory?
Passive Presidents
Refers to U.S. Presidents who are viewed as having taken a less active or assertive role in governance or policy-making.
Depression of 1893
A severe economic downturn in the United States that led to widespread unemployment, bank failures, and a contraction of the national economy.
Overexpansion
The rapid and often uncontrollable growth of a business, territory, or economy, which can lead to inefficiency, unmanageability, and financial problems.
American Railroads
A network of rail transport that significantly contributed to the economic development and westward expansion of the United States throughout the 19th and 20th centuries.
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