answersLogoWhite

0

What else can I help you with?

Continue Learning about Economics

What was the most important economic development in the 19th century?

The creation of Factories


Trace the historical development of economics from 19th century till date?

d dvg


Trade had increased in eighteenth century england?

In the eighteenth century, trade in England expanded significantly due to factors such as the growth of the British Empire, advancements in maritime technology, and the rise of the Industrial Revolution. The establishment of new trade routes and colonies facilitated the exchange of goods like sugar, tobacco, and textiles. Additionally, the development of banking and financial institutions supported commercial activities, leading to increased economic activity and wealth accumulation. This period marked England's emergence as a major global trading power.


What was One of the most significant economic and social development of the early twentieth century?

Technological innovation was the most significant economic and social development of the early twentieth century. Some of these inventions included the typewriter, telephone, and mechanized office equipment.


How did technological changes and globalization transformed the American economy?

Increased automation and the development of manufacturing tools such as robotics, have resulted in greatly increased mass production. Improvements in communications and connectivity as well as development of a strong, supportive infrastructure have resulted in the globalization of markets that would not have been anticipated in most of the last century. Production can now be at an entirely different global location than the company they are producing products for. The niche market for that product can be anywhere in the world as well.

Related Questions

What were the main reasons for industrialization in the 19th century society?

The main reasons for industrialization in 19th-century society included advancements in technology, such as the steam engine and mechanized textile production, which increased efficiency and productivity. Access to natural resources like coal and iron facilitated the development of industries. Additionally, urbanization, driven by rural-to-urban migration in search of jobs, provided a labor force. Finally, capital investment and supportive government policies helped foster economic growth and infrastructure development.


During the late 19th century productivity rose for all of the following reasons except?

During the late 19th century, productivity rose due to technological advancements, the expansion of railroads, and the growth of industrialization. However, it did not rise due to increased labor costs, as wages for many workers were relatively low and working conditions were often poor. Instead, the focus was on efficiency and output rather than labor expenses, which contributed to overall productivity gains.


What appals to the economy of the eighteenth century in England?

The economy of eighteenth-century England was characterized by the rise of industrialization, increased trade, and the expansion of the British Empire. The agricultural revolution improved farming methods, leading to higher productivity and urban migration. Additionally, advancements in technology and infrastructure, such as the development of canals and roads, facilitated commerce. This period laid the groundwork for the Industrial Revolution, transforming England into a global economic powerhouse.


Industrial Revolution is characterized by a shift of?

production methods from manual labor to machines, resulting in increased productivity and the development of factories. It was a period of rapid industrialization and urbanization, which had significant social, economic, and technological impacts on society. It began in the late 18th century in Britain and later spread to other parts of Europe and the United States.


Increasing years of schooling over the last half century have most likely contributed to?

increased economic productivity, higher average incomes, improved social mobility, and a more skilled workforce.


What are development of English drama?

trace the development of english drama from 10th century to 16th century


What impact did the monopoly of railroads have on the development of the transportation industry in the 19th century?

The monopoly of railroads in the 19th century had a significant impact on the development of the transportation industry. It led to increased efficiency and expansion of rail networks, but also resulted in high prices and limited competition, which hindered innovation and progress in other modes of transportation.


When did farmers use iron plows?

Farmers began using iron plows in the late 18th century, with the spread of the Industrial Revolution. These iron plows were more durable and efficient than their wooden predecessors, leading to increased productivity in agriculture.


What were the key late-nineteenth-century technological innovations in communications office productivity and ocean transportation?

In the late nineteenth century, key technological innovations in communications included the widespread adoption of the telegraph and the telephone, which revolutionized instant communication across long distances. Office productivity was enhanced by the introduction of the typewriter, which streamlined document creation and improved efficiency in clerical work. In ocean transportation, advancements such as steamships and the development of the Suez Canal significantly reduced travel time and increased global trade, enabling faster movement of goods and people. These innovations collectively transformed business operations and global connectivity during this period.


Did the growth of nationalism in the first half of the 19 century lead to increased competition?

The growth of nationalism in the first half of the nineteenth century did not lead to increased cooperation among European nations, but to increased competition.


What are the causes of Mahabharata in this century?

The causes of Mahabharata in this century include enlightenment and increased activism.


Factors accounts for the fact that the power and prestige of the presidency have grown since the beginning of the 20th century?

America's increased prominence in International affairs, the New Deal and other programs that have expanded federal responsibility, and the president's increased visibility, due to the development of the mass media.