The economic condition of any country shows that the country is poor or rich or how much developing it is. There are so many countries in the world that used to be very rich, but now they are poor. It takes centuries to make the economic future of every country, but in a very short time the situation takes time to deteriorate. Let us tell you about some countries who were already rich but now have become poor.
MALI
Mali is called one of the world's poorest countries. In the list of United Nations, the Mali's place comes very low. People used cultivation for living, but it is also very difficult to survive. However, the situation here was not like that 100 years ago. There used to be a great empire here. This empire saw good times during Moses' reign. It was part of this rule from 1312 to 1317. Moses was considered to be one of the world's rich people. The Mali was called the main manufacturer of gold. It used to do business with Egypt, Geneva, and Venice. In the 16th century it was a very rich and full full empire, but gradually its position became fragile. Today it remains a poor country.
Turkey
We Cannot say turkey as a poor country, but its GDP is lower than many European countries. Around the 16th century, the empire's empire was much higher than Western Europe. Countries like Anatolia and Southern Western Europe, North Africa and the Middle East were in this. At that time, Sultan used to rule the kingdom of Solomon. Their rule was from 1520 to 1566. At that time, the strength of military power, wealth and art had increased considerably. After this, the Ottoman Empire was taken over by Europe in 1700. Ottoman enriched the economy in the 19th century. In the first world war this country supported Jermin and the Ottoman Empire once again came into existence in 1922 and became the Republic of Turkey.
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Latvia
Lativi It became independent in 1918 and it became its constitution in 1922. In the 1920s and 1930s, these countries used to be more wealthy than their neighbors Finland and Denmark. Its economy also became very strong. Agriculture and Timber strengthened the economy. This was a country where there was tremendous use of milk, butter and meat. After this, Nazi completely ruined Latviya during World War II. Latvia became a part of the European Union in 1990 after independence.
Cuba
After leading Fidel Castro's Cuban independence movement in 1959, it became the highest GDP in America. At that time people used to have the most cars and telephones in this country. Although the rich American made gambling a place in Cuba and the growing economy here began to slow down gradually. Military regime also increased organized crime, drug and prostitution Since then, the Cuban GDP has fallen drastically. In 1990, they reached the lowest level. However, after declining GDP, health and education are appreciated all over the world.
Iraq
Countries known to the abundance of oil and gas reserves, Iraq was a developed country in the 1960s and 1970s. Iraq has lived a better life time till long. Its GDP was great in the 1950s. Infrastructure itself was also very good. Its bad days began when Saddam Hussein came to Iraq. Its economy was badly hurt by the neighboring country of Iraq for 8 years. After a few decades its GDP fell significantly below. After fighting the war between Iraq and Iran from 2003 to 2011, there was some change in its economy.
Zimbabwe
Bread baskets of one-time Africa were Zimbabwe. Zimbabwe was in a much better position due to the abundant natural resources and agricultural sector in 1980, but after 1990 the condition of the country started deteriorating. In 2000, President Mugabe started seizing the country's form. After this, the condition of the country started deteriorating since 1990. After the departure of Robert Mugabe, President Emerson Mangawas increased investment from China, which gave some relief to the economy, but this country may have to face difficulties in the future.
Venezuela
At one time Venezuela's economy was considered very good, but its situation began to weaken day by day. In the past year, its economy decreased by 35 percent compared to 2013. At one time while it was so that its economy was dominated. Completely dependent on an oil-dependent country in 2014, the prices of commodity prices have increased after the fall. Due to lack of financial support from outside, the situation started to worsen, due to which there was a lot of difficulty in food shortage, medicine and other things.