During this period The USA had become the world's largest economic power, making up 27% of the world's economy compared to the 19% in 1913. The First and Second World Wars that occurred during the British Imperial Era may explain the decline of Britain as an economic power by 1950. During these wars, Britain had to invest heavily in munitions and equipment, borrowing heavily from the US to help fund its expenditure. With Britain indebted to America, and struggling to maintain an empire after the economic impact of the Second World War, it is unsurprising to see a decline in Britain's economic strength, with an increase in American economic influence. During the Cold War era, the USA's economic position may have been strengthened due to its increasing political influence as one of the world's leading powers alongside The USSR, which had a GDP that made up 10% of the world's economy in 1950.
In 1990, Enron’s CFO Jeff Skilling hired a well knowledgeable businessman by the name of Andrew Fastow who was well known for his works in the deregulation of the energy market. Enron’s company grew mainly due to the marketing and promoting its stock prices. Ex-employees stated the company posted current stock prices in elevators, bathrooms and other available areas of the building. From 1996 to 2001 they were named “America’s Most Innovative Company” by Fortune magazine and also made the “100 Best Companies to Work for in America in 2000. The case of Enron is said to be a “smoke and mirrors” act dictated by top executives presenting the positive financial wealth of the company.
There were many factors throughout the election which had an impact which I will explain below. The first factor which determined the outcome of the 2008 presidential election was the fact that Obama was backed by the elites and the wealthy, the most notable elite being Warren Buffet. These elites gave as much money as the laws enabled them to but they also gave Obama their names, a strong PR move which gave Obama the edge as people who looked up to the endorsers would then side with them. These two factors also argue that elitism outweighs pluralism in America, and that elitism was so strong, that it determined the outcome with supporters of for example Warren Buffet voting for who he endorsed. However, there is also reason to suggest that this is not the case, and that pluralism determined the outcome of the 2008 election.
The large companies created outweighed the benefits brought to the working people of America at the time. 2. What political and social factors enabled the fast food industry to prosper during the past thirty years? One political factor enabling the fast food industry to proseper was the economic transformation of World War 2. Manufacturing was at an all time high, and people had a lot of money to invest and spend.
Qtynness X. Franklin Mrs. Collins LMG 332 6/29/11 The Legacy of John D. Rockefeller John D. Rockefeller created one of the greatest monopolies of the nineteenth century. Rockefeller dominated the oil industry with his company’s monopolistic methods of underselling, differential pricing, and transporting rebates. As ruthless as the Standard Oil Company was before its separation; Rockefeller gave away vast amounts of his wealth to charities making him a true philanthropist. Philanthropy played a big part in Rockefeller’s life, before and after the Standard Oil Company. Rockefeller defined modern philanthropy by donating more than 550 million dollars to charities, churches, schools of all kind, and organizations throughout the nation.
This control of capital by the great powers is why the capital has been increasingly flowing into the pockets of the wealthy members of the international community. The American economy saw a 35 percent increase in productivity between 1973 and 1995, while the gap in income between the 20 percent of the world’s population in the richest and poorest countries grew from 30 to 1 in 1960 to 82 to 1 in 1995 (Herman 2). This shows that the increase productivity does not benefit the global community it is only the great powers exploiting the Third World for their own economic benefit. Supporters of globalization would argue that it provides income and stability for many Third World countries. They most often use the examples of China and India because of their significant economic growth rate after
In the election of 1932, the Nazi party became the largest political party in Germany by receiving 37.3% of votes. They dramatically improved since 1928 when they only received 2.6% of votes. There are many factors which contributed to the rise of the Nazi Party by 1932 like the role of Hitler, the great depression, Nazi propaganda and the role of violence. The significance of each of these factors is still debated amongst historians today. Undeniably, Hitler was regarded as one of the most powerful speakers in the world.
There are several reasons as to why Lloyd George won the general election in 1918 such as his personal popularity, the success of the wartime coalition government in winning the war, the increased number of votes from the public and David Lloyd Georges decisions and promises made during the election campaign. Lloyd Georges personal popularity was mainly based on his achievements of leading the country successfully through the Great War after the collapse of Asquith's government. Although Lloyd George was a liberal himself, he became head of the coalition government, mainly of unionists or conservatives with Liberals and Labours support. He was increasingly seen as having the necessary energy to drive and achieve victory becoming the 'man who won the war'. The 1918 election subsequently became known as the coupon election in reference to the signed letter of endorsement that selected coalition candidates received from Lloyd George and the conservative leader Andrew Bonar Law.
Before the first world war had started the Germans over spent and went into a massive deficit because they thought that when the won the war they would inherit the country and its wealth. Therefore this justified the government printing large amounts of money in order to fund their cause. Another cause is the war reparations which they had to pay back was agreed at 60 billion marks in order to pay for this more money was printed, could this mean that it was pressure from other countries that were to blame. Though not the worst hyperinflation ever it did have some of the most devastating effects. In 1914 the exchange rate of the dollar to the pound was $1 to 1mark, by 1923 the exchange rate was $1 to 1trillion marks.
How far do you agree that the personal popularity of Hitler was the main reason for the increased electoral support for the Nazi party in the years 1928-1932? In 1928-1932, the Nazi party had a huge increase in support. By 1932 it had the largest support for the people than any other party. Hitler himself had an impact on the popularity of the party, he had great public speaking skills and could be very persuasive, and this boosted the popularity. However this was not the only factor that increased the electoral support for the Nazi party.