What does impoverished mean in history?

The economy of any specific time in history is dependent on the economy of its predecessors. Before the Industrial Revolution, a family’s wealth was often tied to the amount of land they owned, and the use of their labor. As the Industrial Revolution gathered steam, the great need for workers in factories and mines required the production of goods in large amounts. This required more capital to create, as did the need to transport and distribute goods.

What do the words impoverished and poverty mean in history?

The word impoverished itself has a number of different meanings in different contexts. For example, if I speak about my personal finances, I might use the word impoverished to describe a situation in which I spend less than I earn. If I talk about the government of my country, I might be using impoverished to describe a situation in which the government has little money to spend or invest. Of course, when we use the word impoverished to describe a person, it refers to a situation in which that person has

What does poverty mean in history?

In the history of the United States, many people experienced poverty. For example, in the age before the Industrial Revolution, the majority of people worked in agriculture. These people earned subsistence wages, and if they had children, they often didn’t live past childhood. In the early decades of the 20th century, when many jobs were available in the new Industrial Revolution, working-class people could find more secure employment, and many people left the farms to work in the factories. Still, even

What is the meaning of impoverished in history?

The word impoverished itself means "poor in riches, scanty in possessions" or "poor in means, scantily supplied or provided." It's a relative term, as the level of wealth or poverty has fluctuated over time. During periods of economic crisis, poverty was more likely to be an issue for many people, be it due to a lack of jobs, or having to spend a larger portion of one's income on food.

What does poverty mean in ancient history?

Poverty in ancient history is much different than in modern times. During the ancient era people usually lived in small villages and towns where everyone knew each other. They did not have much in the way of material possessions. When it came to the amount of money that they had, this was not an issue. If they had enough food to eat, they were satisfied. If they did not have enough food, they either worked harder to grow more or they would simply go without.