For example, the first cars were so expensive that only rich people could afford to buy them but cars became cheaper when Ford invented the moving assembly line and the work went faster. But there were also some bad effects of the advanced technology in the factory. The industrial workers became mere wage earners as the machinery was too expensive. Some worker had to face unemployment as the machines made the work faster than before and it required fewer workers at some point. This system made the working condition dangerous as many industrial workers face the possibility of fatal
In the 20th century, the automobile was a welcome change to American life, as it granted workers and families a new mobility and thus a new sense of freedom and urgency, and we became a nation excessively dependent on our cars. More than anything else, the car was the symbol of American post-war prosperity. However, that prosperity has cost us, in various ways, the American dream. Whereas we once thought of cars as the epitome of personal freedom, more and more we are becoming limited by the expense of that freedom. The American Public Transportation Association estimates that it costs a resident of the Boston area, for example, $13,000 a year to own a car.
China's big cities, the increase of population and vehicles, are one of the reasons that led to the traffic congestion. With the further prosperity of the economy, the price of the car is also cheaper, low threshold for the purchase of vehicles, people have more vehicles, and the pressure of the road also causes vehicle increase. Driving (including public transport vehicles) do not obey the traffic rules, and some people mess running red lights, ignore traffic rules, as the red light furnishings, some car parking chaos in the already wide road, leading to traffic jams sometimes appear slightly touch the car, each side will accuse each other, ignoring the problem because they caused traffic jams, traffic problems because a small quarrel, alarm. Sometimes, the insurance company and the police after receiving the alarm, and then rushed over to deal with, they have more than half an hour. Also many cases because such a small accident caused traffic jams.
They produced many new jobs with the need for new roads since the American landscape was drastically expanding. Advertisements not only made businesses prosper but gave people actual helpful information, such as the idea of keeping a much better personal hygiene being better for your health. Alternating electrical current increased energy efficiency tenfold compared to direct current since people could actually turn off their electricity. However, the Installment Plan created a country-wide idea that you could now buy what you really can’t afford and that made a lot of debt which eventually made the stock market crash leading to the Great Depression. Although there was a blotch on the great economic image of the twenties, the bigger smudge was on the cultural rifts that
The recession of 2007 and 2009 has affected everyone, but mostly middle class people are the ones who are hit the hardest when it comes to economic troubles. Oil prices and inflation of prices in other markets had affected the middle class’ confidence in product consumption. With less private spending, an economy cannot thrive. That is why it was important that the tax cuts were issued to help increase this spending. If people spend more then more jobs are created and business investments are made to further help increase total GDP.
The increase of gas prices hurt the benefit of motorists. Because of the ridiculous high gas prices, many people have to choose pool car to share the transportation/gas fees with other people or use public transportation. For instance, my uncle, who lives in Foster City and works at downtown San Francisco, drives to work every day. However, when the gas prices went up, he had to take Caltrain-a kind of public transportation to go to work since it was cheaper than drive. However, it took longer time to go to work since he just needed 40 minutes to drive to work but he needed more or less two hours to go to work by Caltrain.
Individuals are losing jobs and the government have to spend more money of benefits. They collected back less from taxes and VAT. Businesses are cutting back on productions but for some customers is good if they have money because the prices are falling as well as inflation. At the boom stage the GDP (Gross Domestic Product) are the values of
When companies can produce more due to demand they are able to hire more workers, which can lower the unemployment rate. Lowering the unemployment rate will provide more income tax revenue to the government and fewer citizens taking unemployment benefits. Conversely, when exports decrease consumers pay less money for products causing domestic profits to decline and companies are unable to maintain or increase their workforce causing the unemployment rate to
Recession is two consecutive quarters of negative economy growth. During recession, there is low level of demand because people don’t have much money to spend. So they look for cheaper products that they can afford. At this time businesses confidence gets low as people aren’t demanding for their products so they would have to cut out their productions as they don’t need to make as much products. At this time they would need to provide cheaper price to attract their consumers and to increase the demand.
Also if somene going with a car it could affect them ass well because petrol prices gone up. it could have very big affect on staff pbecause they now have to pay more for a petrol, mortgages,bills. also government could invest more money in to the roads buses so it could be good for both companies.John Lewis and government. Because if they invest more in roads buses more people will be traveling by bus,because people can save more money and timealso the government can charge more. If John Lewistreins their staff it means that staff will have more skills and knowledge so wages should go up as well, but government is spending high procentige on NHS and schools so if the government will not pay more money for trained staff they will be looking for another job.