The Economic History of the Last 2,000 Years in 1 Little Graph
That headline is a big promise. But here it is: The economic history of the world going back to Year 1 showing the major powers' share of world GDP, from a
research letter written by Michael Cembalest, chairman of market and investment strategy at JP Morgan.
https://cdn.theatlantic.com/media/mt/business/Screen Shot 2012-06-20 at 9.37.55 AM.png
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In Year 1,
India and China were home to one-third and one-quarter of the world's population, respectively. It's hardly surprising, then, that they also commanded one-third and one-quarter of the world's economy, respectively.
Before the Industrial Revolution, there wasn't really any such thing as lasting income growth from productivity. In the thousands of years before the Industrial Revolution, civilization was stuck in the Malthusian Trap. If lots of people died, incomes tended to go up, as fewer workers benefited from a stable supply of crops. If lots of people were born, however, incomes would fall, which often led to more deaths. That explains the "trap," and it also explains why populations so closely approximated GDP around the world.
https://www.theatlantic.com/busines...he-last-2-000-years-in-1-little-graph/258676/
Here is a breakdown of the major ruling kingdoms in South Asia around 1 AD:
### 1. The Kushan Empire (c. 30–375 AD)
* **Region:** Northwestern Indian subcontinent (modern-day Afghanistan, Pakistan, and parts of northern India).
* **Significance:** The Kushans were a Central Asian dynasty (of Yuezhi origin) that became profoundly Indianized. By 1 AD, they were consolidating their power, and they would soon become one of the era's great empires.
* **Key Ruler (around this time):** Kujula Kadphises was the founder who was actively uniting the Yuezhi tribes and expanding into the region formerly ruled by the Indo-Greeks and Indo-Scythians.
* **Note:** They controlled the lucrative Silk Road trade routes, facilitating a massive flow of culture, art, and commerce between China, India, and the Roman Empire. Gandharan art, a unique blend of Greek and Buddhist styles, flourished under their patronage.
### 2. The Satavahana Dynasty (c. 1st century BC – 2nd century AD)
* **Region:** The Deccan Plateau and central India (covering modern-day Maharashtra, Andhra Pradesh, and Telangana).
* **Significance:** The Satavahanas were the primary indigenous power after the decline of the Mauryan Empire. They are often credited with upholding Vedic (Hindu) traditions against foreign influences from the northwest.
* **Key Ruler (around this time):** The early Satavahana chronology is debated, but a significant king around this period was **Satakarni I**, who performed the Vedic *Ashvamedha* (horse sacrifice) to assert his sovereignty.
* **Note:** They were great patrons of Buddhism as well, commissioning numerous Buddhist *stupas*, most notably at Amaravati and Sanchi (where they added gateways to the existing structure).
### 3. The Indo-Greek Kingdoms (c. 200 BC – 10 AD)
* **Region:** Primarily in the northwestern frontier (Gandhara and Punjab).
* **Significance:** These were the remnants of the Greco-Bactrian kingdoms, which had interacted with India since Alexander the Great's campaigns. By 1 AD, they were in a state of terminal decline, being absorbed by the Indo-Scythians (Sakas) and the rising Kushans.
* **Key Ruler (around this time):** **Strato II and Strato III** were likely the last Indo-Greek kings, ruling a small territory in the eastern Punjab.
* **Note:** Their cultural influence, especially in coinage and art (Gandhara school), far outlasted their political power.
### 4. The Indo-Scythians (Sakas) (c. 2nd century BC – 1st century AD)
* **Region:** Succeeded the Indo-Greeks in parts of modern Pakistan and western India (Sindh, Gujarat, Malwa, and Maharashtra).
* **Significance:** Another Central Asian people who migrated into South Asia. They established several kingdoms and satrapies (provinces).
* **Key Ruler (around this time):** **Azes I** (c. 48/47 – 25 BC) or **Azes II** (c. 35–12 BC) are often associated with the start of the "Vikrama Samvat" era (58 BC), one of the most important traditional Indian calendars. By 1 AD, their power was being challenged by the Satavahanas from the south and the Kushans from the north.
### 5. The Three Crowned Kings of Tamilakam (The Deep South)
The southern part of the Indian peninsula, known as Tamilakam, was dominated by three dynastic kingdoms, celebrated in Tamil literature of the Sangam period.
* **Chera Dynasty:** Controlled the southwestern coast (modern-day Kerala and western Tamil Nadu). They were known for their spice trade with the Roman Empire and the Middle East.
* **Chola Dynasty:** Occupied the fertile Kaveri River delta in eastern Tamil Nadu. While they would become a colossal empire later, in 1 AD they were a strong regional power with a significant naval tradition.
* **Pandya Dynasty:** Ruled from the southernmost tip of India (modern-day Madurai and Tirunelveli). They were famous for their pearl fisheries and were described in Greco-Roman texts as a prosperous kingdom.