The great depression and the great revolution were both caused by money. They tried to decrease spending for all (Dewald 249). There was a lot of unemployment.(Szostak 22) The unemployment was u.s.a. trying to save some money, but it just made it worse.
This allowed the mine owner to protect himself from a slave’s death. Consequently the insurance would go on to make safety an even lower priority than it most likely had already been. Mine owners typically had little incentive to keep their workers
Monopolies were intended to increase profits, and “dictate” the “two great classes:” the producer and the consumer (Doc 3). Many companies like Andrew Carnegie’s steel company and Rockefeller’s standard oil company benefitted from trusts. Rockefeller successfully created a monopoly by buying rival companies, and controlling transportation rates which allowed for the transport of goods at a cheaper rate, allowing Rockefeller to lower the price of oil; this affected small companies since it was impossible for them to compete with the price (Doc 5). While many companies invested in the railroad company and created contracts to receive exclusive benefits such as lower rates, the railroads didn’t benefit the public at all, because they were built by investors that only cared about receiving a “fair percentage” of the profit, and remarked that “the public be damned” (Doc 1). Many laborers working under these company suffered due to the reduction of “the price of every labor connected with trade”
Corporate greedy and corrupt politicians were specific problems and injustices that were present in American life during the late 1800s and early 1900s however these were addressed during the progressive era with laws and regulations. Throughout the gilded era corrupt politicians and corporate greedy allowed the upper class and businessmen to take advantage of the working class. This means that a majority of the population were hurt during the gilded age whereas a small percentage benefitted. As seen in document 1, living conditions were crowded, dirty, and unsafe.
President Andrew Jackson had a strong view on the American economy. He mistrusted many policies and in his time in office drastically changed them to suit his views and ideals. After winning the 1828 election against John Quincy Adams and the 1832 election against Henry Clay, Jackson’s time in office was unquestioned. In his administration, Jackson’s economic policies led to the Panic of 1837 and transformed the American banking system. Jackson’s view on economy lead him to instate acts that significantly transformed the system of American economy such as the abolition of the second Bank of the United States.
Many societies fall due to economic failure. One example of economic failure would be Rome after it stopped expanding. “With the finite supply of silver decreasing, Roman leaders reduced the amount of silver in Denarii, causing inflation and furthering the gap between rich and poor.” Rome relied on the inflow of silver into the empire by conquering, and when they stopped expanding, they had to reduce the amount of silver in coins. This caused the prices to go up as less and less silver came into the empire, creating tensions between rich and poor and leading to less people wanting to fight for Rome in the army, letting Germanic tribes invade.
Document 2 shows the state the empire became too large, it was hard to control, as well as the introduction of Christianity. The expansion was a factor because it became very expensive to maintain which made the empire split it up into an eastern and western empire, that caused the west empire to weaken and strengthened the east empire. This made the government raise taxes, in an attempt to regulate the economy, but then citizen started purchasing fewer goods. In all this made people lose jobs and get laid off. Christianity was a factor because it replace the roman polyesthic religion that viewed the emperor as the god.
Socially and economically, the global silver trade from the mid-16th century to the 18th century had a negative effect on the rest of the world. The trade’s earlier benefits did not last long, as it eventually weakened the Spanish kingdoms and Ming dynasty. The dependence on trade and the uneven disbursement of the product lead to the fragility of the economics of those governments that depended on silver. The economic effects can be seen in document 2, 3, 4, and the social effects of the silver trade can be seen in documents 5, 6, 7, and 8. According to the documents, the middle man profited the most from the dependence on silver, while the countries importing and exporting silver suffered massive damages.
By busting trusts, competition increases and the power of the business elite decreases. With a rising middle class that was scared of the business elite and political machines, the government needed to intervene. Therefore, in the late 1890’s the government passed the Sherman Antitrust Act which banned industrial monopolies that limited competition. The law sought to help the middle and lower classes earn money by increasing competition. However, the act had little effect because the wording was so vague.
Decadent and incident denationalization processes turned over the major stately owned firms to politic "oligarchs", which has left equity ownership highly concentrated (Economy.gov.ru). Yeltsin's program of radical, oriented market reform is called as a "shock therapy". It was based on the recommendations of a group of top economists from America and the IMF (the International Monetary Fund), including Larry Summers. There came a disastrous result, by 1999, with real GDP falling by more than 40%, hyperinflation was spreading rapidly which helped wipe out, crime, personal savings and destitution. The majority of state venture were privatized in amid that great subsequently and controversy came to be owned by insiders for far less than they were worth.
Because of cheap british good many to all weavers lost their jobs and became impoverished as said in document 3. So yes the british showed they could control an economy very well however they could not control the ruined land and people. Despite the fact Britain created sound laws against killing, economic opportunities and improved the health of most indians they still caused more harm than