...Ryan Dennis Ms.Steuer US history 11 DBQ In the early years of the industrial revolution and the many inventions that would shape this time one was steel and the Bessemer process this also helped get and build stuff faster. They also could then help prevent fires like in cities like Chicago. But other then that three other things that helped the industrial boom like the railroads, immigration, and new technology. Some of the thing with the railroads like the miles of railroad they built from 1860 to 1900 it went from about 30,000 to about 190,000 miles (doc 2) of train track so they could move supplies from one side of the country to the other side so farmers could get there stuff to the big market. One other thing that the railroad help make possibly help make political parties and stuff like that making taxes off the railroads they would also work with some of the people that helped run the railroads. Immigration was a big part of the industrial boom with the people that it brought in to the country. It would help the nation in many different ways one of those ways is that they would get these immigrants as they would use these people of for cheap labor. This would also help with getting stuff made in these factories made it more possible for people to get cheap stuff and so everyone could get cheap stuff also they would be helped by the republicans with they helped support for more immigration. This would help give them easier ways to get into the country (doc...
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...------------------------------------------------- Post–World War II economic expansion From Wikipedia, the free encyclopedia "Golden Age of capitalism" redirects here. Other periods this term may refer to are Gilded Age and Belle Époque. In the United States and several other countries, the boom was manifested insuburban development and urban sprawl, aided by automobile ownership. Many Western governments funded large infrastructure projects during this period. Here the redevelopment of Norrmalm and theStockholm Metro, Sweden. The post–World War II economic expansion, also known as the postwar economic boom, the long boom, and the Golden Age of Capitalism, was a period of economic prosperity in the mid-20th century which occurred, following the end of World War II in 1945, and lasted until the early 1970s. It ended with the collapse of the Bretton Woods system in 1971, the 1973 oil crisis, and the 1973–1974 stock market crash, which led to the 1970s recession. Narrowly defined, the period spanned from 1945 to 1952, with overall growth lasting well until 1971, though there are some debates on dating the period, and booms in individual countries differed, some starting as early as 1945, and overlapping the rise of the East Asian economies into the 1980s or 1990s. During this time there was high worldwide economic growth; Western European and East Asian countries in particular experienced unusually high and sustained growth, together with full employment. Contrary to early...
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...Throughout history we’ve seen political and economical forces work in tandem with each other. Whether it be communism and socialism, imperialism and nationalism, etc. great impacts on the world have been the result. The two forces that I chose for examine in this essay are Capitalism and Industrialization. What is capitalism and industrialization? Capitalism is a type of economic and political system where business is controlled by private owners, rather than be regulated by the government, and Industrialization is the transition from an agrarian society to an industrial one, with improvements in technology and industry. Capitalism and Industrialization are two forces that have shown a high amount of synergy throughout history. With the rise...
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...Assignment 1.2: Industrialization after the Civil War History 105: Contemporary U.S. History The Post Civil War marked an economic transformation of the United States. With the unprecedented surge in immigration and urbanization, American society was now in transition. A transition that included the most influential third political party movement ever. Major aspects of industrialization during 1865 and 1920 that influenced U.S. society, economy, and politics One key to the rite of the industrial economy was the expansion of railroads. The First Transcontinental Railroad in the United States was built in the 1860’s. Linking the well-developed railway network of the eastern coast with rapidly growing California. Construction on the first transcontinental railroad began after President Abraham Lincoln approved the Pacific Railway Act of 1862, a landmark that authorized the federal government to financially back the construction of a transcontinental railroad. Lincoln felt the transcontinental railroad was a necessity, an idea whose time had come (HUL 2014). With the development of the transcontinental railroad spurred a major economic growth. The true economic impact of the railroad may never be known, but one thing is for certain: It was dramatic. The flow of goods over the line after the first full year of operation was around $50 million in 1869 dollars (Friedman 2010). Individuals felt the joining of America...
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...Texas has enormous natural resources, and it is the reason due to which it is considered to be one of the largest industrial hubs in the US. In the early 20th century, the discovery of the Spindle top geyser provided a great chance for growth in the oil industry. Texas successfully utilized its oil industry to achieve great success and revenues. The oil industry is one of the most valuable industries in Texas because it contributes significantly to the overall economy of the country. The topic selected for the proposed research is the history of Texas related to the oil industry in the late twentieth century. It is difficult to gather first-hand knowledge, and therefore, the research will be based on both primary (interviews) and secondary research. Texas’s history related to its oil boom has great significance and it has deepened the knowledge about the petroleum strokes in Texas. The proposed research would provide a useful account of the history related to the famous oil industry of Texas. Therefore, the research will provide a chance to enhance the knowledge about the history of Texas’s oil boom. The related information regarding the topic will be obtained from different journals including The Journal of American History, Journal of Tourism in Southern & Eastern Europe, etc. The whole data will be compiled to complete the research work on the history of Texas and present useful information in a coherent and meaningful manner. Collecting data is also time-consuming as it could...
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...interpretations as well as use of my own knowledge, I have reached the conclusion that the war was indeed the main reason why the economy boomed in 1920’s America. The interpretations that support this are A, B and C. While certainly there are other factors that are presented in all of the interpretations, I believe that the prominence of the war throughout these 3 passages support the strength of the argument. Interpretation D attributes Andrew Mellon as the main reason for the boom, but as Cannadine is the only one to do so this limits the strength of his argument. The war was the main cause of the boom as it provided the catalyst necessary to start of a chain of events that provided a huge boost to the economy. Without World War I, it could be argued that the American economy would not have boomed to the extent that it did in the 1920’s. One of the main reasons for this school of thought is an argument provided in interpretation A. Jim potter states that World War I provided an ‘impetus both to agricultural and industrial expansion’. This was because of the fact that the war brought in a need for armaments and munitions to supply the forces with, and there were many countries that could not yield the materials and products due to their lacklustre industry. America was not like these countries, and with the stimulus of the war they were able to quickly improve their industries and make these new products. As a result of this, as the historian Gary Gerstle suggests in interpretation C...
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...Lacey Ihler November 2nd 2013 Environmental Science 101 Scholarly Article CS#2 My article written by R. J. Beamish, C. Mahnken, and C. M. Neville informs us about the changes that occur when hatchery produced Pacific Salmon are released into the waters. You can find “Hatchery and wild production of Pacific salmon in relation to large-scale, natural shifts in the productivity of the marine environment” in the ICES Journal of Marine Science. Because Pacific salmon have been so heavily fished for hundreds of years society has begun to manually produce salmon in hatcheries and release them into the wild. A heated subject for many due to the effects the artificially produced fish have on the wild naturally bread salmon. Several observations have been discussed from the examinations made from the trends of five different species (pink, chum, sockeye, coho, and chinook) but specifically pink chum and sockeye due to the due to the number of catches, in 5 heavily fished areas including our very own Pacific Northwest (Washington, Oregon, Idaho, and California). I will outline the background and progression of artificial salmon population enhancements in correlation with the issue that climate change and human development have had a severe negative impact on the wild and hatchery produced salmon. Sockeye salmon were introduced into the northern area several times both with success and failure. In the early 1900’s, propagated salmon in Alaska showed no benefit. They tried again...
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...submitted in partial fulfillment of the requirements for Graduation with Distinction in Economics in Trinity College of Duke University Duke University Durham, North Carolina 2010 Acknowledgements We would like to thank Dr. Emma Rasiel and Professor Aino Levonmaa for their invaluable direction, patience, and guidance throughout this entire process. Abstract The goal of this paper is to investigate the forecasting ability of the Dynamic Conditional Correlation Generalized Autoregressive Conditional Heteroskedasticity (DCC-GARCH). We estimate the DCC’s forecasting ability relative to unconditional volatility in three equity-based crashes: the S&L Crisis, the Dot-Com Boom/Crash, and the recent Credit Crisis. The assets we use are the S&P 500 index, 10-Year US Treasury bonds, Moody’s A Industrial bonds, and the Dollar/Yen exchange rate. Our results suggest that the choice of asset pair may be a determining factor in the forecasting ability of the DCC-GARCH model. I. Introduction Many of today’s key financial applications, including asset pricing, capital allocation, risk management, and portfolio hedging, are heavily dependent on accurate estimates and well-founded forecasts of asset return volatility and correlation between assets. Although volatility and correlation forecasting are both important, however, existing literature has dealt more closely with the performance of volatility models – only very recently has the issue of correlation estimation and forecasting...
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...pharmaceuticals USA • 1790’s – 1850’s • Agriculture and National Economy: • Cotton gin spurred slavery in West • Transportation: • Railway, canal, roads • Technology: • Textiles, vulcanizing rubber, wheat reaper, telegraph • Immigration: • Chinese, Irish, Germans (up) • 1860’s - 1940 • Transportation: • Railways increase • Technology: • Telephone, patents, Bell & Edison • Entrepreneurs: • JP Morgan, Carnegie, Rockefeller • Roaring 20s: • Exports increase • Ford and the car • Tariff law (Fordney’s) - 1929 depression: - unemployment increase - Roosevelt’s New Deal - collective bargaining - WWII: - spur economy and unemployment down Made money from lending • 1940’s - PRESENT • Post War: • Low unemployment • Exports boom • Gov. spend up • Gov’t economy share • Problems: • Deficit increase • National debt increase • Poor income distribution Japan • -1867 • Transportation: • Increase railways • Output: • Silk increase, exports...
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...Bernanke's, and Liaquat's, and indeed all socialist monetarists', opinion is that rigid adherence to the gold standard "caused" the crash and depression of 1929-39 and beyond. But, as Bernanke and Liaquat admit, the central bankers of the post-war period in somes cases (France and the US quite openly and purposefully) "sterilized" their gold so that the money supply did not expand when needed but in fact contracted. So it was a failure to follow the gold standard rather than gold itself which was the culprit. Nor do either Bernanke nor Ahamed explain why the gold standard worked quite well for a century before WW1, although Bernanke admits that is an "unexplained" issue. While acknowledging the long history of the gold standard and its importance in the development of central banking, Ben Bernanke made crystal clear that we're never going back to the gold standard. He explained that the argument supporting the gold standard has two parts: 1) the "desire to maintain the value of the dollar"—implying a "desire to have very low price stability, and 2) an aversion to allowing "the central bank to respond with monetary policy to booms and busts," explaining that "the advocates of the gold standard don't want to give the central bank that power." But regardless of the impetus for these arguments, he explains, a return to the gold standard now "would not be practical for monetary reasons or policy reasons": Bernanke pointed out various reasons that there's simply "not enough gold" to...
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...brit“No government was able to stem Britain’s economic decline from 1951-1990” Introduction: Whilst there is a blatant division of interpretations of Britain’s economic performances from 1951 to 1990, of those claiming that Britain suffered gradual and miserable decline until the heroine and saviour Mrs Thatcher came to the helm, or of those arguing that a genuine post-war boom existed throughout a large proportion of the era and Thatcher meddled unnecessarily and indeed harmfully, it is more accurate to take a balanced and differential approach. There is clear evidence of British economic decline from 1951-1990, but to claim that it was utter decline is really a pessimistic front. Reasons to disagree: - Period from 1951 to 1973 saw an “age of affluence”, with a genuine post-war boom; Britain’s economy grew around 40% during 1951 to 1964 - Living standards rose steadily until 1973, with low unemployment rates; with a wider sense that Britain was becoming more prosperous and equal. Harold Macmillan captured this in 1957, when he declared that “Britain had never had it so good”; it also highlighted increased consumerism due to greater accessibility to consumer goods throughout the era - Arguments of “relative decline” are unfair and misleading; nations such as Japan and Germany were utterly destroyed after WW2, so it only makes sense for their nations to advance rapidly as they could start from scratch - Arguments of a lack of policy and initiative are misleading. Macmillan...
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...clarify that the most global markets currently are not for consumer products; they are for Industrial goods and material, such as traded commodities (oil, gas, corn, steel), industrial machinery, computer software etc. We also realize that as companies (competitors) follow each other around the world in order to establish themselves in different markets, they bring along many of the assets that served them well in other national markets, such as, product, brands, and marketing strategies. Globalization of products refers to the sourcing of materials, goods and services from low cost producers around the world to be able to offer equal or better quality product at a more competitive and profitable level. A manufacturer of clothing company is a good example of this, cotton is purchased in Peru, Crocodile skin in Colombia, and is all put together in Montreal to be sold in the USA market. Another advantage of globalizing products or services is to be able to deliver results to the client (depending on the industry) at a much faster pace. 2. What does the Venezuelan economy teach us about appropriate systems needed to develop economically and to enhance future prosperity and standards of living? In your estimation, what is the long run prognosis for the Venezuelan economy? Is this a country that is attractive to international businesses? Currently Venezuela is benefitting from a boom in oil prices. What do you think might happen if oil...
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...The Indian meals and grocery market is the arena’s sixth biggest, with retail contributing 70 consistent with cent of the income. The Indian food processing industry money owed for 32 in keeping with cent of the United States of America’s overall food market, one among the most important industries in India and is ranked fifth in terms of production, intake, export and expected boom. It contributes round 8.80 and 8.39 in line with cent of Gross Value added (GVA) in production and Agriculture respectively, 13 in keeping with cent of India’s exports and 6 according to cent of overall industrial...
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...The article has very ideal approach in expressing the agricultural boom in the Philippines. In the article, it was stated there the MUAR model (Maximum Utilization of Agricultural Resources), The Philippines main agricultural crops are, rice, corn, bananas, tobacco and many more, we maintain to export our products, that’s why the Philippines became one of the largest food producer in the world. The article distinguishes the significant role of communication in anticipated agricultural progress. Whereas the economy, demonstrate the wealth what was the Philippine reached throughout the export, like the government enabled to supply free food, medicine, and education to its citizens. In addition to the article it shows the development of a new information and technology-based society that people must deal with. While reading the article, it is clearly showed that the development between agricultural toward a technological shows information, the use of the people of the union of local and universal information via computer or any gadgets analyses a broad gap among users. In my Dev Com class we studied the technology backwardness, the third world like Philippine will be resolved its hitches by implementing new advance technology and by addressing the root cause. For example, in the agriculture or in any other fields, information is very vital because in today’s world – everything is being determined through information that we are able to manage the doings, methods and other existing...
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...America in the 1920’s The Boom Period During the 1920s there was a prolonged boom in the American economy. Industrial production doubled, the economy grew rapidly and fortunes were made. Life had never seemed better for the majority of the American people. The boom developed for a number of reasons. World War I The European economies were exhausted by the cost of waging a long war. In comparison, the USA grew rich during the war years. Its late arrival to the war, and the fact that its cities and industries were not bombed or destroyed during the conflict, meant that at the end of the war it was able to capitalise on the perilous state of European industry and dominate their markets. New technologies The first 20 years of the twentieth century saw huge technological advances in industry. Factories became automated. Machines and other improved manufacturing techniques meant that huge amounts of goods could be made at a fraction of the cost. The age of mass production had arrived. In the decade of the 1920s economic output increased by a staggering 50%. Consumer boom Because goods could be produced in greater numbers and at much lower prices, more people were able to afford them. This led to huge increases in the sales of products such as cars, refrigerators, radios and cookers. Buying on credit This consumer boom was greatly aided by the availability of hire purchase - the ability to buy goods on credit. Because times were good, people were not worried about...
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