The length of railway tracks in Russia increased form 31219 miles in 1891 to 58392 miles by 1904. In the same time period, Russia’s coal production increased from 6.01 million tonnes to 18.67 million tonnes. This shows how the government’s investment in expanding and modernizing the country’s railways resulted in significant economic gains. This was a result of an increased ability to transport raw materials to areas with the greatest population, such as the area surrounding St Petersburg. The railways, particularly the Trans-Siberian railway, also gave Eastern Russia a link to Europe and Western Russia a link to the Pacific Ocean, which made it easier to export Russian goods.
While it has been argued that an exceptional economic growth caused some problems, the advantages that came with it, outweigh the negatives. Germany’s economic growth was exceptional, industries such as the production of coal and iron doubled in the years up to 1914. By 1900, Germany’s particularly strong steel industry had exceeded that of Britain’s and by the beginning of the first world war, Germany‘s share of trade in the world was equal to Britain’s. Therefore, the power of the elites was not being threatened, as the country was benefitting from the money that the economic growth had brought in, to a high extent. Germany led the way on Europe with the creation of new industries such as chemicals, pharmaceuticals, electrics and motor manufacture.
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.
The steamboats really helped with trading goods with other countries. This new form of transportation was very efficient and easier than using regular boats, which helped economically. Another form of transportation was the railroads. Railroads changed the United States economically and socially. They got people and materials around faster than other modes of transportation did before.
These early ideas made it possible for the different views of the rich and working class to have their own set representation as needed when capitalism, or free market enterprise, and common wealth made its way into American economy. Free market enterprise was a way for the artisans, or skilled workers, to make money by producing and selling their products. As technology advanced and more inventions were being created there also came better, cheaper, and faster ways of producing mass amounts of the same products. Factories and new means of transportation made it possible for industrialization to make a rise and excel American economy. While business was great for the owners of these companies and those who could afford better living it was a completely different story for the factory workers and artisans.
This economic boom was based around consumer goods-luxury items that many Americans wanted to buy but didn’t really need. The ‘booming’ economy began to self-generate, many industries thriving off the success of each other. As more people were employed, they had more money to spend, which increased the demand for products and resulted further in the economic boom. The average household was beginning to be able to afford new products which were becoming much more affordable as increased popularity caused many products to be massed produced. Making the price of many new inventions and products more affordable for the general public.
Was the motor car ownership the most important reason for improvements in the way of life for many Americans in the 1920s? (16) Ownership of a motor car in the 1920s was a factor in the improvements of the way of life for some Americans. There are other factors like new consumer goods, entertainment and prosperity. During the 1920s Americans where buying lots of new consumer goods these goods where was changing there lives. This is because they had access to radios and fridges really cheaply.
As economic growth occurred, so did technological advances. The rapid growth in economy and technology meant that the value of land had also increased. With advancements like electricity, telephones, cameras, coal mining, factories, railroads and many others, this meant that the quality of life had significantly increased. This in turn caused the value of land to increase. Wealthy individuals were able to capitalize on this economic growth and make profit.
Task 1 Tesco For this task I chose to review’s Tesco organisations because I like how they are improving their growth in low economy percentage and demand. The image of business cycle: Growth Growth Define boom and recession Boom- The boom stage is when everyone feels good. At this stage demand increased, unemployment is very low, high competition at the job places. The business confidence is high so they invest more and expand themselves. The customers feel good.
Immigration Family, friends, the comforts of home and familiar surroundings all became a distant memory for people when they immigrated to the United States. Immigration is essential to the American economy because it contributes to the overall growth of the nation's wealth, it successfully exhibits the economic capitalist model that our nation has come to possess and, above all, it promotes success for the immigrants' and the natives' descendents alike. To begin, immigration in its totality increases the total output of the economy. By welcoming foreigners from various countries with open arms, the United States is initiating the correct action in promoting its economic growth. When these new people enter the daily workings of American society, they contribute positively to both employment and consumption.