Compared with India’s cloth textiles, Japan’s chart of cotton yarn in Document 2 shows that Japan is rapidly entering the textile market by its great incrementation in pounds of yarn made. This is due to the incremented utilization of machines in Japanese textile making, but since the chart groups have both hand-spun and machine-spun together, an additional document would be a broken down chart that shows Japanese hand-spun and machine spun yarn, as well as hand-woven and
As Matthew C. Perry says “Western correctors had already scooped up much of Japan’s best art” and says that “even today here are more and better examples of eighteenth and nineteenth century Japanese art in Europe and America than in Japan”(p.221) People first couldn’t understand the Japanese art but everything changed after the expeditions. Thanks to the expeditions Japanese art started to reach many countries and they started to make commerce and develop markets especially in the United States. In the Centennial Japan’s full involvement amazed America. The Bazaar that took place made a big success by selling a lot of cultural art and goods America discovered new motifs thanks to Japanese art America embraced the Japanese art and idea as Matthew C. Perry says “Never before had a style or fashion been promoted so vigorously and never had admission to the select halls” of good taste “ been so unabashedly sold. Elite and popular art became aligned as never before or since” (p.235) So we can say that by looking to History we can see that Japan influenced the art and design of America.
Much of this investment came from already industrialized countries like Germany, Great Britain, and France whose business owners looked for new investment opportunities in the United States. These investors put money into the work of mechanics and engineers with the expertise to develop new, more efficient ways of mass-producing goods. Machines benefited the United States by allowing business owners to specialize in the production of goods and manufacture them in large quantities to distribute throughout the nation or export. As a result, the cost of mass-produced goods went down as their quantity went up causing industrial profits to rise. With the creation of transcontinental railroads and telephones, marketing nationally was available to distribute these goods.
The Trans-Siberian railway was started in 1891; this was a massive improvement to the economy because it opened up the Eastern Empire and advanced the growth of new towns and cities, whilst connecting new industrial centres which helped to stimulate the growth of iron and coal industries. In the case of foreign investment, Witte put the rouble on the gold standard which encouraged other countries to invest heavily in Russian industry. These policies had some beneficial outcomes such as heavy industry saw massive increases in production, and the economy grew 8% per year in the 1890’s, however, arguably there were also negative impacts of Witte’s policies. The Trans-Siberian railway was only partially built and therefore only the major cities were interconnected. Also in order to provide money for industrial developments, taxes were raised which squeezed the peasants and therefore made them penniless to buy consumer goods, resulting in the economy of Russia itself to stagnate.
This helped modernise society as the hierarchy within Russia became weaker making slightly more like other countries at the time. Another change in society occurred within the system of patronage too, in that, the working and middle classes began to grow. This was because there were more factories being built (often by foreign companies) which led to more jobs and in turn, more money. This increase in factories was all due to protective tariffs, put in place by Russia’s minister of finance (from 1893 -1903) - Sergei Witte. The tariffs restricted the
This railway also opened up a range of different jobs, meaning that the unemployment of Russia plummeted. Although this factor of the changing in Russia was very substantial, it promised more than it delivered. Sections of the railway were still incomplete in 1914 and it did not greatly improve or increase east-west communications. Between 1881 and 1910, Russia’s trade with other countries dramatically increased very dramatically this is seen by the statistics as the exported goods is higher than the imported goods, also the productivity of natural resources dramatically increased as there was allot more iron, coal and oil being produced and sent from Russia to the rest of Europe. Although this was a large advantage to the economy of Russia, the grain production did increase, but it didn’t
Peacetime industry began to give way to wartime endeavors. Factories built parts and shipped them to other factories to assemble into the final products. The country needed ammunition, tanks, aircraft, ships, bombs, protective gear, and many other wartime necessities. American industrialists invested in the development of new technologies that allowed the production in greater quantities and at a quicker pace. These endeavors provided a huge boost to the economy of the United States, advanced industrial technology, and provided more work opportunities for Americans.
ECO 561 Final Exam 1) Suppose that in the clothing market, production costs have fallen, but the equilibrium price and quantity purchased have both increased. Based on this information you can conclude that A. the supply of clothing has grown faster than the demand for clothing B. demand for clothing has grown faster than the supply of clothing C. the supply of and demand for clothing have grown by the same proportion D. there is no way to determine what has happened to supply and demand with this information 2) Camille's Creations and Julia's Jewels both sell beads in a competitive market. If at the market price of $5, both are running out of beads to sell (they can't keep up with the quantity demanded at that price), then we would expect both Camille's and Julia's to: A. raise their price and reduce their quantity supplied B. raise their price and increase their quantity supplied C. lower their price and reduce their quantity supplied D. lower their price and increase their quantity supplied 3) In which of the following industries are economies of scale exhausted at relatively low levels of output? A. Aircraft production B.
Laws regulating work and production were limited. Additionally, most manufactured goods were imported, subsequently limiting the quantity and selection of available goods. In response to this industrial growth and prosperity, drastic changes in the lives of Americans took place. The population increases in cities across America were astonishing and contributed to a decline in rural population. By 1890, several cities touted populations over 1 million people and by 1900, New York City was the second largest city in the world, outranked only by London.
Secondly, SKII as a higher-end brand is a unique addition to P&G’s product portfolio, where there are more lower-tier products (such as Olay). This higher-end brand requires more sophisticated franchising process such as beauty counselors and BIS system, which does not comply with the existing marketing and distribution methods in other countries. Internationalize SKII will impose a significant initial investment on P&G group. Market Entry Option The most attractive option is to expand domestic market in Japan. As mentioned above, SKII is not a global product.