While it has been argued that an exceptional economic growth caused some problems, the advantages that came with it, outweigh the negatives. Germany’s economic growth was exceptional, industries such as the production of coal and iron doubled in the years up to 1914. By 1900, Germany’s particularly strong steel industry had exceeded that of Britain’s and by the beginning of the first world war, Germany‘s share of trade in the world was equal to Britain’s. Therefore, the power of the elites was not being threatened, as the country was benefitting from the money that the economic growth had brought in, to a high extent. Germany led the way on Europe with the creation of new industries such as chemicals, pharmaceuticals, electrics and motor manufacture.
This enabled Germany to make regular easy payments. Eventually, this led to massive foreign investment in Germany. As a positive multiplier effect, factories were set up, jobs increased, unemployment declined, wealth was created and standard of living improved. Germany had begun to establish it’s stability as a nation. In addition to economic improvements, changes were made internationally, regarding foreign relations resulting in reclaiming their pride and status.
Despite some advances and indications of stability, the aspects of East Germany that are considered to show instability carry far too much weight to be overlooked. Perhaps the greatest show of stability in this period was the economy. By putting a great emphasis on the importance and consequential growth of heavy industry in the GDR there was a huge increase in industrial production, which set the base for East German economic growth. Ulbricht raised quotas of industrial production by 55%, showing the power of heavy industry and its key role in improving the economy. Collectivisation of agricultural industry meant that required industrial quotas could be achieved, and produced a much more efficient and effective industry.
Not really, although the shale/oil gas revolution clearly is helping. What’s happening is that America’s freight railroads are gaining market share. Rail companies have become far more efficient than in the days when they struggled under the dead hand of federal government regulation. U.S. freight rail rates are nearly half of what they were three decades ago. On-time performance has improved dramatically — almost to the point where delivery by train is almost as reliable as by truck.
The railways, particularly the Trans-Siberian railway, also gave Eastern Russia a link to Europe and Western Russia a link to the Pacific Ocean, which made it easier to export Russian goods. Therefore the Russian governments’ investment in railways was extremely successful in promoting economic growth. The Russian government was also successful in improving Russia’s heavy industry through the introduction of tariffs on imports. This clearly helped Russian heavy industry to expand as steel production increase eightfold from 1880 to 1905 and petroleum production increased over 2500% during the same time period. These tariffs, introduced by Vyshnedgradsky and continued by Witte, both increased revenue for the government and made
The steamboats really helped with trading goods with other countries. This new form of transportation was very efficient and easier than using regular boats, which helped economically. Another form of transportation was the railroads. Railroads changed the United States economically and socially. They got people and materials around faster than other modes of transportation did before.
Facility: LG has higher manufacturing volume based on they has an advantage from scale of economies by purchasing lots of material and got the discount on the prices. Moreover, they can use its manufacturing nearly full capacity. Execution: Tork’s low-end sales where demand was highly seasonal al, meaning production is increasing in late winter and early spring. Thus, LG can gain more advantage based on their sales tend to be smoother throughout the year. 2.
Tory governments of the 1820’s introduced reforms due to many reasons. One of the most notable reasons would have to be of the revival of the economy in the early 1820’s. Also, there was less discontent and unrest within Britain, economic conditions improved, there were good harvests, unemployment decreased and bread became cheaper, so as a result of this, it became very easy for Tory government to introduce reforms as Britain was succeeding. Another main reason for the Tories to introduce a reform would have been the fact that Britain had now become an increasingly industrialised nation in which the new middle class, factory owners and bankers were asking for a larger say in the government of the country. At this time in 1820, the Tories
At this point in time, roads got improved and underwent repair on a larger extent; the production of railways skyrocketed in the German States. The expansion of railways increased industrialization and provided many raw materials, which could only be accessed to industries from far sources. Just like Zollverein, this made connections with one another (the German States) easier and promoted freedom, independence and prosperity. Germans began to see unity in factors other than language.
Eric Foner states that scholars see the New Deal as ‘a reflection of the rising emphasis on consumption in the American economy.’ The 1920s saw the American economy booming and people’s living standards improving, meaning that the New Deal did not make that much of a long-term difference in economic growth, but only improved it in the short-term. This is despite the fact that it undoubtedly brought an end to mass unemployment and helped improve the living standards of all Americans –creating a snowball effect for improved living