URBAN GROWTH AND DECLINE Where is it happening? Broken Hill Why there? Mining: The mining industry is what put BH on the map. Over 100 tears of constant mining has resulted in depleted resources.The prosperity of mining in BH hinges on several things. The strength of the Aussie dollar impacts on exporting, metal prices effect profits, and a slowdown in the global economy will reduce the demand (particularly from China) for the metal produced in BH.
“The thousands of people who flocked to the mining towns in search of quick wealth and who failed to find it often remained as wage laborers in corporate mines after the boom period” (Brinkley, 2007). The working conditions were harsh and very dangerous. Many miners were maimed or killed. The mining boom occurred in many states including Colorado, Nevada, South Dakota, Idaho and Montana. With the influx of prospectors to these areas, boomtowns emerged almost overnight.
Explain why the TUC called a general strike in 1926? Between 1918 and 1923 there were many economic problems facing Britain, which led to the miners not being happy with working pay and conditions. The miners formed a triple alliance with the transport workers and railway men. This means if the miners went on strike, the other 2 would also strike, causing a mass disruption to Britain. The first signs of disruption that led to the general strike was the fact that other countries such as Poland were becoming a more predominant exporter of coal, and the only way to stop Britain’s coal industry was to higher the price of coal, extend miners working hours and reduce pay.
Due to significant growth in values of nonmetals & coal production) * Nonmetallic mineral production (72.7% increase, to $20 billion) * Coal Production (56.9% increase from $2.7 to $4.3 billion) Metals: * Nickel (quantity production increase by 2.5%) * Zinc (quantity production increase by 5.9%) * Copper (quantity production increase by 0.7%) Nonmetals: * Sulphur (6.9%) 2. Which increased in production, but saw an overall decrease in value? * Nickel * Zinc 3. How could an increase in production be coupled with a decrease in value? The greater increase in production means more supply than is demanded, therefore the price will decrease.
2008-2009 American Recession Amber May POL 201 Professor Dawson March 26th 2012 2008-2009 American Recession In 2008 America faced a financial crisis of historic proportions (O’Conner and Sabato, 2011). By September 2008 more than 150,000 jobs were lost. With many people out of work with no way to pay for everyday expenses, people were looking for someone to hold responsible. Although many people tend to blame one person for the economic downfall, many people and issues played a role in the 2008 downfall. The major issues that caused the downfall were high unemployment, problems with banking policies, high inflation rates and oil prices.
Question 1) • Fortis has been facing strong competition: Since 2002, Fortis has been losing nearly 2% per year of the steel strapping market (in 2002 50% and 2008 40%). • Furthermore Fortis is confronted with significant erosion of prices: Other competitors initiated price war and Fortis refused to continuously cut its price. This also led to the fact that Fortis loosed market share to its competitors. • These effects are coupled with the overall declining health of the industrial economy and the fact that Fortis as well as its competitors are closely tied to this. (Overall decline of market / demand) and the increasing price sensitive of customers.
Newcastle herald 23rd march 2013, More mining jobs axed, Whitehaven coal laid off 40 workers in NSW to deal with lower coal prices. The company lost $47 million in the first half of the financial year and is expected to be the same in the second half. As prices aren’t lowering and they are still trying to find ways to save money, more jobs will be redundant.800 workers have been sacked in just 6 months from Queensland, Brisbane, and NSW hunter valley. With all these job losses more and more families are having to find new homes and new jobs because they have no money. Newcastle herald 23rd march 2013, Apple blames record labels for high prices, Australia has to
The collapse of the housing market and unemployment caused the most damage. Between 1991 to 1992 unemployment had gone back up to 2.6 million. Negative equity meant home owner were paying mortgages far higher than their homes were worth. Many people could simply not keep up with the increased prices and resulted in them losing their homes due to the bank repossessing them. The recession hit close to home for the Tories, effecting the middle class not just the working class of the industrial north.
Should the minimum age be raised? One very important controversy most people all over the world are dealing with involves money. There never seems to be enough of it. Minimum wage in the United States is approaching an all-time low. Some believe that raising the minimum wage would hurt people by making it harder to find jobs, when it actually will create more job opportunities for Americans.
Over the past few years, our economy has faced unthinkable challenges including millions upon millions of Americans losing or has lost their jobs. For the past two years the unemployment rate has average around nine percent. Among the 26 million who are unemployed, at least seven million individuals are working illegally in the United States. Some believe that legal workers have to compete with illegal immigrants for scarce jobs. Good news is, congress have come up with a program that will eliminate unauthorized employment.