Economic growth is an increase in production of goods and services. GDP is the most common measure of economic growth. Growth can be measured in nominal or real terms
Developing countries have lower industrial base and HDI than other countries. World Bank classifies economies into four groups based on GNI per capita. Term "developing/developed" categorization becoming less relevant. "Global South" term used as alternative to "developing countries"
Economic development improves nation's well-being through targeted goals. Concept existed in West longer than 20th century. Truman identified development of undeveloped areas as priority in 1949
Livelihood refers to means of securing basic necessities like food, water, shelter and clothing. It encompasses essential activities conducted throughout life span. Activities must be sustainable and provide dignity
Gold was discovered by James W. Marshall at Sutter's Mill in 1848. Approximately 300,000 people arrived from around the world. First major arrivals came from Oregon, Hawaii, and Latin America
Huguenots were French Protestants following Calvinist tradition. Term possibly derived from Swiss leader Besançon Hugues. By 1572, Huguenot population reached 10% of French population. By 1600, population declined to 7-8%