0
How did the fact that new England had plenty of forest connect to the conomic importante of shipbuilding to the region?
Wiki User
∙ 7y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
How did the geography of New England affect its economic activity?
New England is in the northeastern corner of the United Staes.Massachusetts,Connecticut,adn Rhode Island make up southern New England. New Hampshire,Vermont,and Maine make up the northeen part.
Examples for an acrostic poem on Andrew Jackson?
for Jefferson put J-efferson had a positive view towards people and thought people would make the right choices if given the accurate information E-conomic success was thought by jefferson to be in agricultural society, since he believed it would lead to nationwide prosperity F-ederal government was thought by him to belong to the states and the decision makers were its people F-armers that were independent and part of an agricultural society were envisioned by jefferson as a main and vital part of economy E-come up with it yourself...don't know R-republicans believed in strong rights for the states, and limited power to the federal government, Jefferson was a member of this party *dont know S O N...sorry Jefferson was in the Democratic Party which believed in strong right for states. Pretty good acrostic poem tho.
What the economics of anarchism?
Anarchists have different views on economics. Kropotkin stood for anarcho-communism, with the wages system abolished. Other anarchists want production involving co-operatives. Those who claim to stand for anarcho-capitalism are not in fact anarchists, as they wish to maintain hierarchy and the power of some people over others.
How did the economic factors influenced the real estate market over the last few years?
some economic factors which influenced the real estate market are as following conomic growth. Demand for housing is dependent upon income. With higher economic growth and rising incomes people will be able to spend more on houses; this will increase demand and push up prices. In fact, demand for housing is often noted to be income elastic (luxury good); rising incomes leading to a bigger % of income being spent on houses. Similarly in a recession, falling incomes will mean people can't afford to buy and those who lose their job may fall behind in their mortgage payments and end up with their home repossess. Unemployment. Related to economic growth is unemployment. Clearly when unemployment is rising, less people will be able to afford a house. But, even the fear of unemployment may discourage people from entering the property market. Interest rates. Interest rates affect the cost of monthly mortgage payments. A period of high interest rates will increase cost of mortgage payments and will cause lower demand for buying a house. High interest rates make renting relatively more attractive to buying. Interest rates have a bigger effect if homeowners have large variable mortgages. For example, in 1990-92, the sharp rise in interest rates caused a very steep fall in UK house prices because homeowners couldn't afford the rise in interest rates. Consumer confidence. Confidence is important for determining whether people want to take the risk of taking out a mortgage. In particular expectations towards the housing market is important; if people fear house prices could fall, people will defer buying. Mortgage availability. In the boom years of 1996-2006, many banks were very keen to lend mortgages. They allowed people to borrow large income multiples (e.g. five times income). Also banks required very low deposits (e.g. 100% mortgages). This ease of getting a mortgage meant that demand for housing increased as more people were now able to buy. However, since the credit crunch of 2007, banks and building societies struggled to raise funds for lending on the money markets. Therefore, they have tightened their lending criteria requiring a bigger deposit to buy a house. This has reduced the availability of mortgages and demand has fallen. Supply. In the Irish property boom of 1996-2006, an estimated 700,000 new houses were built. When the property market collapsed, the market was left with a fundamental oversupply. Vacancy rates reached 15%, and therefore with supply greater than demand, prices fell. (Irish house prices fall 50%)
