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What caused the Panic of 1837 and subsequent depression?

The Panic of 1837 was a depression. Panic was then used for what we now call a depression. The Panic of 1837 was caused in part by some of President Andrew Jackson's economic policies, like the Specie Circular, not renewing the charter of the Second Bank of the US, placing government funds in "pet banks." and no government regulation of various business practices.


What was Andrew Jacksons nickname during the war of 1812?

"Old Hickory", because it is said that he was as "tough as old hickory" wood on the battlefield.


Who was Andrew Hamilton?

Andrew Hamilton was an attorney who practiced in Virginia during the 18th century. He also spent some time in Maryland.


What was President Andrew Jackson's middle name?

Andrew Jackson did not have a middle name for some unknown reason.


The gilded age of the late nineteenth century saw the emergence of industrialists who were perceived by some as ruthless and aggressive?

The Gilded Age, spanning the late 19th century, was characterized by rapid industrialization and the rise of powerful industrialists, often referred to as "robber barons." Figures like John D. Rockefeller, Andrew Carnegie, and J.P. Morgan amassed great wealth and influence, often employing aggressive business tactics that included monopolistic practices and exploitation of labor. While some viewed these industrialists as visionary entrepreneurs driving economic growth, others criticized them for their ruthless pursuit of profit at the expense of workers' rights and ethical business practices. This period highlighted the stark contrasts between immense wealth and widespread social issues, setting the stage for future labor movements and regulatory reforms.

Related Questions

What are some of the ways unethical business practices can affect a business?

Unethical business practices can cause a business to lose the respect of other business wanting to do business with said company.


What was one reason geovernment officials ignored unfair business practices?

Some


Are all unethical business practices covered by the law?

If this is a question from the Introduction to Business workbook then in the textbook it says, "Unethical business practices (aren't only ILLEGAL) but also are bad for business." I'm guessing it includes all of them since it doesn't say most, some, a few, etc.


What are some examples of unethical business practices in the workplace?

I don't know so turn of your computer.


Is a lawyer a businessman?

Yes. A law practice is a business and some lawyers manage their own practices.


What are the considered unethical practices in business research?

Unethical practices in business research can include falsifying data, plagiarizing others' work, manipulating results, breaching confidentiality agreements, and not obtaining proper informed consent from research participants. These practices can compromise the integrity and reliability of research findings and harm the reputation of the researchers and the organizations they represent.


What were some criticisms to Andrew Carnegie?

Andrew Carnegie faced criticism for his labor practices, particularly during the Homestead Strike of 1892, where he was accused of undermining workers' rights and using violent measures to suppress labor movements. Critics also pointed to the stark wealth disparity created by his business practices, arguing that his philanthropy often served to mask the exploitative nature of his industrial empire. Additionally, his approach to monopolizing the steel industry raised concerns about the negative impacts on competition and small businesses.


Leaders of ''big business'' in early 20th century?

Some of the so-called "Captains of Industry" included Andrew Carnegie, J.P. Morgan, John D. Rockefeller and Andrew W. Mellon.


What was one reason government officials ignored business practices?

Some companies paid them money to ignore these problems.


What was one reason government officials unfair business practices?

Some companies paid them money to ignore these problems.


What are some strategies that are considered industry best practices for optimizing business operations?

Some industry best practices for optimizing business operations include implementing efficient processes, leveraging technology for automation, conducting regular performance evaluations, fostering a culture of continuous improvement, and prioritizing customer satisfaction.


Is Andrew Carnegie a robber Barron?

Andrew Carnegie was considered a "robber baron" by some people due to his ruthless business practices and exploitation of workers in the steel industry. Despite his immense wealth and philanthropic efforts later in life, Carnegie's early business practices were critiqued for their impact on workers and society.