The act of turning over a company to an independent overseer while going through hard financial times is called .

 BANKRUPTCY

As David Haynes of The Balance explains, "Bankruptcy is a federal law that allows individuals and businesses alike an opportunity to eliminate or reorganize burdensome debt."  Provisions for bankruptcy law in the United States actually go back before the founding of the country.  Early bankruptcy laws in the US were modeled after similar laws in England.  

In more recent US history, there have been some famous bankruptcies in which companies sought to make a comeback from dire financial straits. General Motors filed for bankruptcy in 2009, and ultimately was bailed out by the US government (with supervision and conditions).  Marvel Entertainment, which now is having blockbuster success with huge movie franchises, filed for bankruptcy protection in 1996 (when it was solely a comic book producer).

the process is called revolution because it was a process of great economic-social transformations that began in england in the xviii century.

the industrial mode of production spread throughout much of the northern hemisphere throughout the xix and early xx centuries.

the effect of this revolution was the distance between the countries, with respect to economic and political power.   after all, not all industrialized at the same time, remaining in the condition of suppliers of raw materials and agricultural products to the industrialized countries.

these differences mark to this day the nations of the world that are divided between developed and developing countries. one way to measure whether a country is advanced is to assess how industrialized it is.

for the united states of america, 1945 to 1964 was a time of high economic growth and general prosperity. it was also a time of confrontation as the capitalist united states and its allies politically opposed the soviet union and other communist countries; the cold war had begun.

explanation: