answersLogoWhite

0

A powerful middle class

User Avatar

Wiki User

12y ago

What else can I help you with?

Continue Learning about Economics

Sentence with the word inexorable?

the inexorable recession in the economy led so many people to lose their jobs.


How did the American economy change during world war ii?

During World War II, the American economy experienced a significant transformation characterized by rapid industrial growth and a shift towards war production. Factories that previously produced consumer goods retooled to manufacture military supplies, creating millions of jobs and reducing unemployment. This surge in production not only boosted the economy but also led to technological advancements and an increase in federal government spending. Additionally, the war effort prompted a more active role for women and minorities in the workforce, reshaping social dynamics in the country.


Who originated the theory that advocates in a recession the people spend and the government lower taxes?

Arthur Laffer allegedly scribbled the idea for his now famous "Laffer Curve" allegedly showing a an inverse and direct relationship between income tax rates and taxable income. The now discredited theory held that lowering effective income tax rates actually led to an increase in taxable income.


Why has globalization led to an increasing income gap between rich and poor countries?

Countries with well-established infrastructure and productive capacities have more competitive industries.


Why did many textile jobs apparently migrate out of the US in the years after the establishment of NAFTA?

Many textile jobs migrated out of the United States after the establishment of NAFTA because manufacturers could get their garments produced more cheaply outside of the country. Labor unions were not a force in these countries and workers were willing to work for a wage that was much lower than the textile workers in the United States.

Related Questions

What aspect of industrial revolution undermined mercantilism?

Answer this question… Factories mass produced goods, which created surpluses that governments could not control.


What did the growth of the automobile industry in the early 1900s lead to?

It led directly to: 1. a more mobile population 2. jobs at automobile factories 3. jobs at oil refineries 4. jobs at gas stations 5. a booming tire business


What invention led to the development of factories?

The waterwheel.


What invention led to development of factories?

The waterwheel.


What were women encouraged to do during ww2?

In particular, World War II led many women to take jobs in defense plants and factories around the country. These jobs provided unprecedented opportunities to move into occupations previously thought of as exclusive to men, especially the aircraft industry, where a majority of workers were women by 1943.


What new invention changed the economy in the 1800s?

5Which of these innovations led to increased production in American factories in the early 1800s?


An increase in the number of factories in the mid 1800s led to?

(Apex) More American workers relocating to urban centers.


The division of labor used in most American factories led to?

mass production


What is bad about the telegraph?

The telegraph led to bigger factories. Factories led to bigger pollution, and more child labor


What caused urbanization and the creation of hundreds of new jobs?

Urbanization was mainly caused by industrialization, as people moved to cities in search of employment in factories and other industries. The increasing demand for goods and services in cities led to the creation of hundreds of new jobs in manufacturing, transportation, construction, and various service sectors.


What were women encouraged to do during?

In particular, World War II led many women to take jobs in defense plants and factories around the country. These jobs provided unprecedented opportunities to move into occupations previously thought of as exclusive to men, especially the aircraft industry, where a majority of workers were women by 1943.


Is it true that during the late 1800s strict immigration laws led to a shortage of workes in big city factories?

No. Factories were crowded and unclean at that time.