Following the WWII the economy boomed in several ways. Due to the high demand of supplies for the military it created jobs and decreased the number of unemployed citizens. The production and expansion of military products did not seize even after the war was over. It opened up factories to create more powerful and sophisticated weapons to defeat our enemies. As we see today we are still seeing changes in our military and defense system.
d. supply chain management. e. strategic process management. 2. As supply chains have become more global, the risk of supply disruptions has: a. decreased because risk is spread among suppliers all over the world. b. decreased because there are also more international laws and treaties.
Aware of the extra-money available to working families, the different pieces of a Big Business have acted in such a way to suck that extra-money from the poor families. Accordingly, railroads raised their prices on food suppliers; Standard Oil increased their fuel prices. In addition large grocery and department stores have added a greater price to their goods as well. As a result, the cost of living from 1870-1900 stayed approximately constant despite decreasing food and fuel prices. For the great majority of Americans, their standard of living remained the same, or even declined in response to the rise of tenement housing and an influx of immigrant workers.
At the start of the 1970’s, shops began to move and spread away from the CBD to areas on the outskirts of the city. This was due to reasons such as high city rents and taxes and the inability to expand services. Out of the city land is much cheaper, as is rent, for example the yearly rent for a mere metre square of land on Oxford Street, London is £4400, where as in Meadowhall, Sheffield, it is only £217. As the growth of suburbs increase, retailers and companies are in effect, chasing their money, relocating to the rural urban fringe to gain the new community’s wealth. The increase in road building has meant easy routes from the urban centre to out of the city, making new supermarkets and shopping facilities out of the city more
International Trade ECO 372 University of Phoenix There are many contributing factors to the stabilization and prosperity of our global market. We, the United States, are living in a time of severe trade deficit, meaning that we are importing many more goods than we are exporting. While it is nice to be able to buy foreign products at a lower price, there is risk in doing so. When we purchase foreign goods over domestic at lower prices it forces our domestic companies to sell their goods at lower prices to remain competitive. These lower prices may lend to making enough profit to sustain the current workforce.
In the 1920’s there were several social and cultural changes. Before the twenties, thrift and frugality were the true values and consumption with abandon was bad. [2] There was a huge rise in culture, leading to economic and social changes. The development of popular culture included the rise of literature, radio, music, dance, theater, sports and recreation, art, and motion pictures. In order for corporations to make money, they produced things related to the rising popular culture.
In contrast, back in 2008, when the global financial climate and stock markets were trepid, it created a surplus for many retailers and for a period, leaving items sitting on shelves longer than usual. Many businesses closed their doors, in fact, the only retailers that thrived during this tenuous financial climate were “dollar stores” (Tseng. 2012) “The immediate effect of fiscal policy is to change the aggregate demand for goods and services. A fiscal expansion, for example, raises aggregate demand through one of two channels. First, if the government increases its purchases but keeps taxes constant, it increases demand directly.
They produced many new jobs with the need for new roads since the American landscape was drastically expanding. Advertisements not only made businesses prosper but gave people actual helpful information, such as the idea of keeping a much better personal hygiene being better for your health. Alternating electrical current increased energy efficiency tenfold compared to direct current since people could actually turn off their electricity. However, the Installment Plan created a country-wide idea that you could now buy what you really can’t afford and that made a lot of debt which eventually made the stock market crash leading to the Great Depression. Although there was a blotch on the great economic image of the twenties, the bigger smudge was on the cultural rifts that
American's could afford cars for the first time and started going on mini-vacation, known as weekend trips. What later led to the 'Great Depression' was a return to the federal government over stepping its duty by raising Taxes and again adding restrictions on business. The short term causes of the Great depression were easy credit, industrial production fell and in 1929 the boom had finished. Although it was responsible for tariffs contributing to farming struggle, the staple industry and also the technological unemployment were long term causes, but it did result in higher unemployment, that made people more eager to get jobs so they went out of the city for employment. In my opinion, I think the key contributor was the First World War which created the perfect opportunity for America's businesses to maximise their profits as they supplied the Allies with food and munitions, they also took over markets that had previously been under Britain and Germany's control.
Industrialization was booming after the Civil War, but a change in weather patterns in the early 1890’s began to devastate agricultural communities. This in turn led to a downward spiral in profits for those that manufactured farming equipment.6 As demand was reduced in the United States, these manufactures began to look for foreign markets that had a need for the equipment that was being produced. The annexation of the tropical island nations after the war provided new markets for the American made goods to be exported. Cuba also held a great economic advantage for American sugar interest. Although a large investment had been made in sugar and other trade exports, the outsourcing of crops that could be grown in the United States was popular amongst the populace of the United