History
Switzerland's agrarian sector shrank during the Industrial Revolution. Its industrial sector began to grow in the mid-19th century, and had become the largest in Europe by the beginning of the 20th century. In October 2011, Switzerland had the highest average wealth per adult at US$540,000, making Swiss residents the richest in the world. Switzerland was the only country that had exceeded US$500,000. This is said to have been because of the rising value of the swiss franc which has increased the wealth value of Swiss residents.
Read more about this topic: Economy Of Switzerland
Famous quotes containing the word history:
“America is the only nation in history which miraculously has gone directly from barbarism to degeneration without the usual interval of civilization.”
—Georges Clemenceau (1841–1929)
“the future is simply nothing at all. Nothing has happened to the present by becoming past except that fresh slices of existence have been added to the total history of the world. The past is thus as real as the present.”
—Charlie Dunbar Broad (1887–1971)
“At present cats have more purchasing power and influence than the poor of this planet. Accidents of geography and colonial history should no longer determine who gets the fish.”
—Derek Wall (b. 1965)