The company sold 1 billion pounds of copper in the quarter, down from 1.1 billion pounds in the year-ago period. Apart from weaker shipments, Freeport also struggled due to a drop in the average realized price. For instance, the average realized price of copper was $2.38 per pound last quarter, 23% below last year's average price of $3.12 per pound. Moreover, for mining operations, Freeport’s consolidated unit cash costs increased to an average of $1.52 per pound of copper as compared to $1.34 per pound last year. Hence, Freeport needs to cut down its costs in order to counter the downturn in the aluminum market.
The price dropped to less than one-fifth of the value in the year 1923. As a result, farmers were affected because over half of them were relying on the production of silk as source of income. The Global Depression affected production, so the unemployment rate rose to 3 million. During the Global Depression, prices kept decreasing, which led to deflation. Manufacturers had to keep up with production as well as keep factories running, in attempt to save their business.
9) The sales of the company have increased relatively in 2013 but it is cancelled out by their exorbitant net loss. 10) Currently, share price also has fallen down from 17$ to only 0.56 cents leading to the company to lose more than 80% of its share value. 11) In the first quarter of 2014, net sales came down to 137.1 million USD and Gross Profit came down to 72 million USD compared to the first quarter last year. This impact was due to heavy competition. 12) About the Apparel industry in general, it has been highly volatile and inconsistent of late.
This does not bode well for a company which 56.4% of its total revenue is based on the sale of its products. 88% of the growth in total revenue iRobot saw from 2005 to 2010 was because of product revenue. There are some possibilities for the reason of iRobot’s drop in product revenue. The first is a drop in demand in consumers due to the recession. iRobot’s consumer products are considered to be a luxury good and the market for luxury goods dropped with the economy.
The years of the 1930s were impactful for The United States forever. The Great Depression was the primary culprit of the change. During this time the economy hit an all time low and people were left with no, food, money, or hope. The decade impacted society in a negative way by leaving everybody poor. It both harmed and helped society when president Franklin Delano Roosevelt came into presidency.
Many factors played a role in bringing about the depression; however, the main cause for the Great Depression was the combination of the greatly unequal distribution of wealth throughout the 1920 's and 30 's, and the extensive stock market speculation that took place during the 1930 's. These were not only the factors of the great depression, structural weaknesses and the fact that most of the other countries were affected just kept the depression going were also played a part. The resulting period ranked as the longest and worst period of high unemployment and low business activity in modern times. The Great Depression was the worst economic slump ever in U.S. history, and one that spread to the entire industrialized world. Banks, stores, and factories were closed and left millions of Americans jobless, homeless, and penniless.
The Great Depression of 1929 not only hit America severely but also devastated the Canadian economy where had the USA as a main partner of trading. This high interdependency on America brought a huge shock to Canada and her economy was replete of increasing unemployment and poverty. Two governments, here, attempted different approaches to recover the massive aftermath and these can be divided into two phases: Bennett’s government of 1930-5 and King’s of 1935-9. Although they both faced failure from Laissez-Faire, they had made different attempts in terms of unemployment, trade and economy including foreign affairs, and agriculture. Both governments here tried to reduce the unemployment by providing pubic works schemes and relief programmes.
Facing plummeting demand with few alternate sources of jobs, areas dependent on primary sector industries such as farming, mining and logging suffered the most. The Depression caused many farmers to lose their farms. At the same time, years of erosion and a drought created the “Dust Bowl” in the Midwest, where no crops could grow. Thousands of these farmers and other unemployed workers looked for work in California. Many ended up living as homeless “hobos” or in shantytowns called “Hoovervilles," named after then-President Herbert Hoover.
The Great Depression had a devastating effect in many people’s lives, primarily Germans. It led to the rise of Hitler and fueled the rise of the extremist political movement in many European countries. I think that the Great Depression was a very significant event that led to many other important events that had happened during the 19th century. I also think that the Great Depression is what triggered Hitler to come into power and later on in history the World War two. During 1929-1939 despite Germany’s rapid growth, the German economy wasn’t strong enough to take on the Great Depression.
Expense to English and math was both more than 160,000 won decreased in average each year (‘“EBS Decreases Private Education”..both English and Math More than 160,000 Won’). As EBS started to offer educational broadcasting, new way to attend supplementary lesson has formed. So some students started to watch the program instead of going private school. Therefore the money spending on private education decreased. More than 1,000 private learning institutes have shut down annually over the past two years.