Hong Kong served as a safe haven from the Chinese Civil War and Communist uprising. Populations rose and fell as the city’s control was transferred between different countries. As the population increased during the 1950s, the economy suffered as a result of the Korean War. In order to combat this, Hong Kong started “anew” and began to base their economy off of textiles, using the first industrial cities as an example. This light industry allowed the city to slowly but surely gain economic strength. Like all cities, Hong Kong has had a roller coaster ride of economic ups and downs, yet was at one point one of the most financially successful cities in the …show more content…
There are many organizations trying to combat this negative aspect of an industrial city. As for it’s economy, Hong Kong is considered one of the global financial centers of the world and epitomizes the development that industrial cities have gone under for the past few centuries. Industrial cities have their advantages and disadvantages, yet with a strong economy supporting it, it becomes more effective and organized in production. Although economics are very closely connected to culture, economics plays a huge role on its own. Because it deals with the financial issues it basically determines the fate of the whole world. The more isolationist a country is, the less it is affected by world economics. However, in the early twentieth century, most countries had many businesses abroad due to imperialism. Therefore, the state of the economy practically affected the entire world. The Great Depression of 1929 had a global impact despite the fact that it began in the United States. During that time, American factories put out half of the world’s industrial