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.
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
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.
Programs like the FDIC and the Social Security Act are both great programs still used in today’s world and are well appreciated. Because of the FDIC, people are able to trust banks more with their money because they know that it is safe and secure. People still know their rights as Americans and what can and cannot be done with their money by banks. The Social Security Act is one of the most appreciated acts still in effect because this means that if your company was to go out of business or the economy was to collapse, you can still receive an unemployment check so that you can still get by until you find another job. Also, old retirees can receive checks as
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.
I believe Eisenhower helped the economy when he increased the minimum wage, and social security benefits as well as the unemployment benefits. types of programs helped that really needed the extra help. President Eisenhower was very grateful to have received help from the Democratic Party. The democratic party was on board wtith
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
It is clearly evident that during Henry's reign the financial position of the crown was improved. Henry's sourcing of income was was carried out with zeal and efficiency such as his exploitation of trade, sales of offices and bonds and recognisances. Additionally, in the first ten years of his reign he was an expert in dealing and understanding finances and his increased use of the chamber system lead to an efficient institution of financial administration thus Improving the financial position of the crown. However, although it has often been viewed that Henry was a man who gathered up money but spent as little as possible this view is questionable. In fact, Henry often carried out high levels of unnecessary expenditure, for example after 1491 he spent £300,000 on plate and Jewels.
President Roosevelt had come up with the New Deal which made the economic struggle get back on its tracks. I think the reason for the New Deal was to help the economy of course, but to also help the U.S. labor force to have the unemployed get employed. So this way the U.S. can continue to stay strong economically. Pres. Roosevelt’s New Deal made sense to people because of what it was summarized by, the three R’s.
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