Although the making of new transportation was dangerous and killed many workers, the ways the developments in transportation brought economic and social changes in the United States in the period 1820 to 1860 was because of the new railroads, the new types of transportation, and the way it helped make more income. The first reason why the developments in transportation brought social changes was because of the railroads. With new railroads people were now able to move all around the United States. Now that people were settling in new places it allowed the growth of cities. With all these growing cites, it really changed the way people lived.
These manufacturing methods can be replicated by other businesses in the countries and improve their ability to manufacture goods. This improved ability to manufacture within the country and should lead to an increase in the GDP of the country. This will improve the trade and relations between the country and many others. Also in some cases these MNC's will invest in the infrastructure of the country. This will improve the trading process for not only the company, but also the rest of the country.
The quantity of those involved in buying and selling increased exponentially and in response, the development of modern day concepts such as businessmen and entrepreneurs arose. This coupled with greater internal trade and the encouragement for state legislatures to involve paper money in the expanding economy, resulted in an aspired consumer revolution that deteriorated
There were many factors that caused the Great Depression. One of them were the over expansion and over production of the products. During the 1920’s almost all of the industries in Canada were expanding. Since companies had large amounts of profits, so they built more products
Explain why the US economy ‘boomed’ during the 1920’s? An economic boom is the rapid growth in a country’s money making that leads to increased prosperity and wealth. The 1920’s was a time of extreme highs and lows, a time of dramatic changes in society and many new inventions. Many American industries boomed in the 1920s, with the economy doubling in size. This economic boom was based around consumer goods-luxury items that many Americans wanted to buy but didn’t really need.
Also new progressive members were put in place who were Liberal Tories, including Peel, Canning, Robinson, and Huskisson. Also Britain was undergoing an economic revival, and was a much stronger and bigger trading nation then before. Consequently they introduced Economic reforms. Furthermore crime rates had doubled since the wars with France, and this had an alarming effect on the Tories. Moreover it seemed that the “Penal Code” was not respected or enforced hardly enough, because it was too harsh, it carried too many death penalties, and some of the laws were very old and were usually overlapping each other.
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.
Causes Analysis: As to external issues, there are mainly three reasons causing overall industry downturn. Firstly, the nightmare of 9/11 deeply stroke customers’ confidence in traveling, leading to a drastic price cut. Secondly, many uncertainties, such as geographical climate, terrorism, terrifying virus, and increasing fuel prices, also gives great pressure to this industry. Thirdly, a fierce competition among three biggest players also gave great buyers’ power. The industry wide capacity is growing much faster than the demand growth.
The population of early modern Europe After a long century of population loss—the period from 1347 to the later 15th century—Europe in the 16th century experienced a strong recovery. The recovery did not come without setbacks, but in general the population in any given place in Europe reached the level it had had prior to 1347 some time during this century. This fundamental fact of rising population affected all sorts of things, from economics to social relations to immigration patterns. Somewhere around the mid-17th century (this varied by region), the strong growth of the 16th century levelled off. In some areas, population even lost ground again.
Having a war caused inflation, government spending rose from 4-30 million, taxation increased, and money became practically worthless and the price of food and fuel quadrupled. This made people angry as they could not afford supplies for themselves and their families, which made them, turn to the Tsar for help but he wasn’t seen to be doing much about the effects of war on the people at home. Furthermore, as well as not being able to