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Costs Railways brought national unity and economic growth -- Transportation lead to more use of abundant Natural Resources -- Standard of living rose -- Structure for handling big business and government-- Regulation -- New business strategies -- Unified country -- New technologies -- Gospel of Wealth --
Benefits -- Corruption in railroad companies- companies lied about assets and profitability -stock watering, railroad scandal -- Trampled public interest -- Farmers were driven into depression -- Many monopolies controlled the economy -- The South suffered from discrimination from the railroad system. It also wasn't economically stable -- Free enterprise was going away -- Life was lived by the factory -- -poor conditions -- Native American treatmen
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What are the difference between social cost and economic growth?
Social cost is part of economic growth because overall economic production is a function of social benefit minus social costs.
If you have total cost and total benefit how do you get marginal cost and marginal benefit?
Marginal cost is total cost/quantity Marginal benefit is total benefit/quantity
How does the csme benefit the people?
Unfortunately T&T is the only country able to afford energy cost for advanced industrial development. That's where the benifit will go.
What is opportunity cost and opportunity benefit?
Opportunity cost is the cost that an opportunity presents. The opportunity benefit is the benefit of the opportunity that is being presented.
What characterizes cost-benefit analysis?
Cost-benefit analysis is rational.
What geographical factors do you think might benefit industrial growth in Mexico?
Penis
Why did some southerners feel that industrial growth would benefit the region?
they felt that they were sad
Why is the industrial separating technique used?
Industrial decisions are made based on cost / benefit analysis. Maximum profit for making a certain amount of the substance.
What are the difference between social cost and economic growth?
Social cost is part of economic growth because overall economic production is a function of social benefit minus social costs.
Did the growth of the british empire cause the Industrial Revolution or did the Industrial Revolution cause the growth of the empire?
British empire growth and development caused the industrial revolution.
What industries was the first to benefit from the Industrial Revolution?
t was the first industry to benefit significantly from the industrial revolution?
The 1920s was a decade of rapid industrial growth such growth is called?
The 1920s was a decade of rapid industrial growth such growth is called the Roaring Twenties.
What is industrial growth?
it is like the business growth
If you have total cost and total benefit how do you get marginal cost and marginal benefit?
Marginal cost is total cost/quantity Marginal benefit is total benefit/quantity
What were the four causes of american industrial growth after the civil war?
Causes of industrial growth after the Civil War were an increase in the steel industry and the growth of railroads.
One measure of industrial development in the South was the growth of?
One measure of industrial development in the South was the growth of industry
Why was Germany's late industrial development a benefit?
no
