In short, indentured servants were mainly poor British people without jobs. This process included young men/women binding themselves to masters for a fixed term of servitude in return for passage to America, food, and shelter. Some indentured servants chose to come to the colonies willingly, often trying to escape troubles in England, but not all. Some were convicts shipped to America while others were prisoners from battles. Regardless, the system of indentured servitude proved to be very appealing to those able to employ them.
Governments in NIC (newly industrialized countries) have tried to lure TNC to their countries. One way they have done this is by keeping the land prices artificially low; this is so the TNC can build factories and other building for less money. They also have a relaxed attitude to environmental laws so the TNCs do not have to pay out for expensive treatments for their waste so it complies with strict laws like the ones they have in the US, UK and Japan. Another thing that attracts TNCs to NICs is the cheap labour cost, weak unions and lack of minimum wage. This means that the TNC can pay workers less, not worry about providing good working conditions.
Therefore manufacturers make bigger profit. As well as that, there are fewer factory regulations at sweatshops because the health and safety regulations aren’t as important in LEDC’s, that way it makes it cheaper to run the factory. As well as that, renting and buying the factory is cheaper too because the economy of LEDCS are weak the demand of buying property is low because not many people can afford it therefore buildings and houses are worth less because of low demand. Another reason clothes are manufactured in LEDCs is because there is less tax to foreign government, therefore there is a bigger profit for the manufacturers. Because LEDCs have a weak economy, there are very few
Bargaining power of denim fabric suppliers is low due to the low margins and intense competition. Threat of substitutes is high as there is no switching cost and many other apparel types are available. Bargaining power of buyers is also established as a high threat. Before the recession premium denim brands targeted “aspirational” middle – class consumers, but this target group had traded down in 2009 to less
The plantations masters thought it was “cheaper to buy than to breed” meaning it was cheaper to buy a new slave and work him to death than it was to allow a slave to live long enough and bear children to increase numbers. The life span for a slave was seven years from purchase to death. The last stage, decadent, was reached when the land had become depleted. There were no longer nutrients in the soil so they turned to less labor intensive produces such as, grains, fruits and vegetables. In turn the need for slave labor was
US industry grew very quickly, due to the protection provided by the highest tariffs in the world. Because of this, the Northern capitalist class was a very strong supporter of tariffs. But the big Southern landowners had always opposed tariffs, because they had no industry, and their agriculture-based economy required the export of cheap agricultural products to Europe, and the importing of cheap equipment and inputs from Europe. Northern capitalists thus supported the Southern antiracists because the Southern antiracists were the enemies of the anti-tariff big Southern landowners, and were creating a political movement that was not under their control. If blacks could vote, and could thus prevent the reassertion of big Southern landowner power, which had always been the real force behind Southern racist politics, this would help to protect the tariff from the Southern landowners and their political forces.
In rural areas especially, this policy has created many problems, this is because men are seen as more useful on land. With more than half of China’s population living in the countryside and rural areas, this is a very big problem. Poorer farmers may have some land, but on the other hand they do not have enough money to pay for workers, so more children are needed to work on the land, preferably boys. Gender-based abortions are not so uncommon, so nowadays doctors are not meant to tell couples the gender of their babies, but this rule is easily avoided with the special ‘red envelopes’ that contain bribes for the doctors. The Policy has made it harder for the government economically.
Unlike our current time, musicians were seen as low middle class individuals during the eighteenth century. They were usually employed by churches and royalty since they were in need of individuals that could produce a lot of works for their continuous events, yet they were usually underpaid. Another option was being a freelance musician, but that was risky since they would make even less income since they would not be stable. Mozart is an example of someone that attempted being a freelancer, but it wasn’t great for him since he was in debt and always in need of money. Regardless, Mozart was able to produce an overwhelming amount of music that influenced future generations.
Their rice allowance was cut by up to half, and rice had small buying power. Some samurai became traders to earn money but the decline in samurai was disadvantageous for the Bakufu as samurai were the backbone of the feudal system. The chonin class were discontent as they wanted to improve their social class—they had achieved economic power and political influence through trade but Japan’s focus on scholarship and military prevented them from receiving any recognition. They were also owed money from samurai but the government, in attempt to lessen financial burden on the samurai, would cancel these debts. The lowest class, peasants, also displayed their discontentment through frequent
In the 1800s when tourism was restricted in Rotorua, the tourist attractions were very concentrated in the central tourism district. This was because transport was limited and therefore attractions that were far away were not accessed easily, and so not visited. However, after the improvement of transport attractions not so close to the central tourism district were able to be visited. The bid-rent curve represents how land in the central tourism district is expensive, but the further away from the CTD, the cheaper the land is to purchase. When transport was greatly improved, small businesses were able to create their own tourist attractions, further away from the CTD where the land is cheaper.