This is true because the people who were already poor, who were working for the money so they could afford things like homes, food, water, and clothing, were staying poor, because their pay was so low that at the rate of them using their money for necessities, they were earning barely enough to afford them. Whereas the people who were already rich, merely used their money to get even more money, and it would grow exponentially. They could have bought stocks or decided to invest in companies, but either way, they would have the money to do it, whereas the poor people would barely have the money to even live. Everything about these unfair conditions of working was true in both countries, in Russia and
With "Buy Nothing Day" these businesses will lose customers that they depend on in order to survive. Without customers, they will not have the money to maintain their businesses. This may cause them to close down and look for more stable employment, and with the growing unemployment rate finding a job may be hard. In fact, many unemployed people end up becoming homeless. Small businesses already struggle and they need to be protecting by not allowing "Buy Nothing Day" to derail their profits.
The Black Death effected the laborers greatly, and because there were less laborers, nobles had to pay the laborers more. In turn this meant that the nobles had less wealth. For example, in 1347 at Cuxham manor in England a labored received two shillings a week, but by 1350 a laborer was paid nearly 11 shillings. Since the nobles had less wealth they were unable to afford the live and luxuries they were accustomed to. Unable to lead the same lives their high social status was affected.
The Great Depression The Great depression had a negative effect on people.The great depression was a very big drought on money that it shut down the Old West Side Mines that a lot of people depended on. The great depression had a big effect on people because they had no jobs. They had to get rid of their stuff so the had money. They had to sell a bunch of things as well so they could get money to live. The Old West Side MInes were shut down.
As a result of this hindrance, court-appointed lawyers for these defendants are not compensated adequately, which results in a lack of competent lawyers due to low enticement. Additionally, poverty-stricken citizens are at a major disadvantage due to the presence of payoffs and bribes throughout their trial. These citizens on trial have spent most of their lives in unfortunate situations, going days on end without food, water, or shelter; all basic needs for survival. Because of this arduous upbringing, it’s likely that justice will not take a high priority because of the money involved. The gap between the wealthy and the impoverished will continue to grow, increasing the amount of people who will be at a disadvantage in our justice system due to their lack of wealth.
It has been shown that when employers are required to pay their workers more it will force many to put off hiring, cut back the hours, and even lay off employees, just to keep labor costs down. A brewing company in North Carolina pays all of their 44 employees the minimum wage, but the owner estimates that with an increase in the minimum wage their company would have costs of up $40,000 (Quittner). Since costs would increase, small companies would be trying to find ways to compensate that pay. First they would have to cut back on the number of hours someone works, because they would not be able to keep paying the workers to be at work. It is necessary to balance their intake and outtake on money.
Japanese American were one of the major sources of labor, main forces to the agriculture and some families even had their own lands. This order prevented them to work which cut down the large amount of experience labors and decreased the tax collections. In addition, because of Japanese did not have enough of time to prepare for the relocation, they had to sell their home with the cheap price which reduce the competition of land market. The housing price and labor sources were unstable, and weak. Many families lost their homes, farms, jobs and other properties.
Instead the China-Africa trade has brought some impact on Africa’s market traders and also contributed to poverty. Mercantilism is failing Africa, particularly the SSA. Most of African states are still poor and majority of their citizens still lives in poverty. The trade between China and African is not mutually beneficial, because African states benefit less while China benefit most. Another things that made African states not to benefit most in the trade is that, they export raw material or minerals because they lack means to process those raw material into finished goods and services.
Most people did not have much money to buy food and necessities, and many lived in rural areas, mostly immigrants. Industrialization upgraded machines, but downgraded people’s health due to more pollutants getting put into the air. Along with this there were very poor working conditions that decreased people’s health. Upton Sinclair showed that industries should have safer and more sanitary working conditions before employing people to work and distributing their product, in order to decrease the amount of injuries and illnesses, in The Jungle. Sinclair wrote about how most of the machines in the factories were very dangerous.
India’s economy was not doing well during imperialism. They had to close down many of their industries, and stopped their growth. The British had taken over their industries, and were making a lot more of a profit than the Indians were. This also led to a drop of unemployment and poverty for the Indians, while they already had too many unemployed