The British were in India because there were 300 million people there so they would have people to work for less money. India was full of raw materials like tea and cotton, the British wanted those materials to sell and make new things. They were also there for the land; India has a lot of land that can be used for building factories and places to store the new things they will create. The government was almost completely run by Englishmen and the army/police force was used to control the Indians, they were hurting the environment of India and they were negatively impacting the Indians with the trade system they created, causing many famines leading to death upon millions those who survived were left illiterate. British imperialism had a negative impact on the politics of India because the government was almost
Banks boosted the economy by making loans to people such as manufacturers and increased the monetary supply. Banknotes were used as loans, and became the currency for transactions. Federal and state governments didn’t use paper money, which lead to a dependency on banknotes. However, that also meant that there were counterfeits and people taking advantages over others. Banks would therefore decide on who to have loans, as well as discount rates, leading to a large increase of power that banks would have.
United States History and New York History: Post-Civil War to the Present says that tax cuts would "give the wealthy an incentive to invest... the economy created new, better paying jobs." This shows that the tax cuts for the wealthy class of America allowed them to invest into businesses. With all of the investments, companies would be able to expand and pay their workers more money. With more money, workers can buy good from other companies, thus creating a chain reaction that would benefit everyone, The wealthy can continue to invest and once they sell their stocks, they can turn a profit. The workers get paid more which means they can buy from other businesses.
Common knowledge here, but during the great depression it was Theodore Roosevelt who brought America out of the great depression. He as president and his chamber of people created plenty of jobs to fuel the economy again. Therefore, government should be able to step in and stop inflation on food and oil, because if they don’t than businesses will take advantage of the people. Since businesses know that people will have to buy food and oil as a necessity to live and survive on, people will have to buy it at any cost. This means more profit for businesses because the rise on food and oil means more money in their wallet but less money in consumers’ wallets, “Similarly, when homeowners benefit from inflation because the price of their homes rises, while renters suffer because they are paying higher rent” (ch.8 p. 15).
Hardin writes that poor country’s have higher population growth than rich countries and that if we send them food they’re population will grow even higher but if we don’t there population will be “checked by crop failures and famines” (423). And if they keep drawing food from us, they will keep having more people born and then they will need more food, so it turns into a never-ending cycle of overpopulation. I have talked about how these two writers butt heads with there different points on foreign aid, overpopulation, and immigration. You can’t really tell which on is more right but it seems to me they both make some good
After the Great War, many Americans wanted a fresh start and wanted to live in the present instead of the future. The use of credit helped propel this idea forward. Credit allowed people to buy expensive items and pay it off later. Items that were once luxuries became necessities to many middle class Americans. Because of the growing separation of the rich and the poor, credit allowed the poor to appear wealthier than they were.
When Harrison was chosen for the precidency he choosed to have the taxes over imported goods increased. By doing this he won support because this helped not only the business men but the country in general. Since people stopped importing and started buying what the united states produced the state won more money. The spoil system was a big issue of corruption in the guilded age. It often hold a battle between the two political parties.
There are many different approaches to development in which countries over the years adopted to further develop and grow their economy. Some countries adopted the approach of import substitution in which they try to decrease their dependency on other nations and protect and foster domestic small companies. The disadvantage for an import substitution based industry, ISI, is although it achieves growth it does so through a greater period of time. On the other hand, growth and development from export oriented industries, EOI, has greater results and is so much faster than import substituting industries. Examples of countries that adopted import based industries are countries of Latin America while countries that adopted Export oriented Industries are countries of East Asia.