The Rostow Model -

Question 1

Explain the 5 steps to capitalism (according to the US)

1. The traditional society -

Answer 1

• Based on subsistence, farming, fishing, forestry, and some mining and oil.
  1950s

Question 2

Explain the 5 steps to capitalism (according to the US)

2. Pre-conditions for take off -

Answer 2

• Building infrastructure that is needed before development can take place, e.g. transport network, money from farming, power supplies, communications
  (motorways and ports) - M40 in 1967.
  1960s

Question 3

Explain the 5 steps to capitalism (according to the US)

3. Take-off -

Answer 3

• Introduction and rapid growth (industrial revolution) of manufacturing industries (large mass production factories), better infrastructure, financial investment, and culture change (social housing built around town center and supermarkets became popular during the 70’s).
  1970/80s

Question 4

Explain the 5 steps to capitalism (according to the US)

4. Drive to maturity -

Answer 4

• New ideas and technology improve (microsoft becomes prevalent) and replace older industries - principle of redundancy, but economic growth spreads throughout the country.
  1990s

Question 5

Explain the 5 steps to capitalism (according to the US)

5. High mass consumption -

Answer 5

• People have more wealth asd so buy services and goods (consumer society), welfare systems are fully developed, trade expands.
  2000s

Question 6

What is the Rostow Model?

Answer 6

Rostow was