This trend was also reflected in a shift in Great Britain's economic base, which has benefited the southeast, southwest, and Midlands regions of the country, while the north of England and Northern Ireland have been hard-hit by the changing economy. The main industrial and commercial areas ...
Many African Americans were forced to flee their homes due to discriminatory legislation and inadequate economic prospects. They went north to capitalize on the First World War’s increase in demand for industrial workers. African American people started to carve out a new position for themselves in...
Rapid technological progress in a very large economic sector (agriculture then, manufacturing now) leads to oversupply and steep declines in the sector’s prices. Poorer producers have less income. They come under pressure to cut back their spending. Others–consumers–are now richer because they a...
After the economic boom of 1820-25, Britain experienced in 1825 the world’s first cyclical crisis, which encompassed almost all branches of the economy. The years 1816-20 were marked by an upswing of the democratic movement. For the first time it had the broad participation of factory ...
The Great Depression was a severe worldwide economic depression in the decade preceding World War II. It was the longest, most widespread and deepest depression of the 20th century. In the 21st century, the Great Depression is commonly used as an example of how far the world’s economy can...
economic growth. The third industrial revolution restored the trend of productivity growth to an annual average of 2.05%. However, after 2004, the impetus of ICT related innovation to productivity growth gradually disappeared, only 0.6% by the end of 2014, marking the end of the second boom ...
Instead of a sharp but short recession to liquidate the malinvestments of the preceding boom, Introduction to the Fourth Edition xxii we now have a lingering chronic recession coupled with a grind- ing, continuing stagnation of productivity and economic growth. A pusillanimous gradualism has ...
yet 80% of the world’s population still has not yet set foot on an airplane. Add to this the fact that aerospace companies tend to be duopolies or oligopolies, and you have a recipe for powerful economic compounders. Not surprisingly, industrial conglomeratesHoneywelland United Technologies (mak...
First, the economic boom after the First World War offers the soil for materialism First, the economic boom after the First World War offers the soil for materialism and hedonism, both of which draw peo’ps...
The success of a suppression or eradication program could have consequences for lake and river ecosystems, socio-economic status, and public perception. Management actions could affect sea lampreys (the invader, Fig. 3), other Great Lakes biota (the invaded), and the abiotic environment (Usher,...