Events The Wacky Widget Factory‚ a firm‚ decides to produce 5‚000 gadgets instead of 10‚000 widgets. This is a microeconomic issue because it deals with an individual firm. The opportunity cost would be 10‚000 widgets. Individual firm would be effected. The U.S. government reduces funding for the Environmental Protection Agency‚ an agency in charge of regulating and monitoring the level of all pollution in the U.S.‚ by $250 billion to reduce taxes on the wealthiest Americans. This is a macroeconomic
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The New Economic Policy (NEP) was a measure implemented in order to counter the arguably disastrous effects War Communism. The New Economic is controversial. Some historians argue it allowed the Soviet economy to solidify and begin to recover‚ and also allowed the Bolsheviks to retain control over Russia. Others‚ like Orlando Figes‚ state it was ultimately a failure‚ arguing that under the NEP the peasants grew away from the Bolshevik regime‚ inviting a future‚ and brutal‚ reassertion of central
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1932. Families lived in shacks and ate leftover food from hospitals. Communities couldn’t afford to keep schools open‚ so a third of a million children couldn’t go to school. Years of poverty left Americans asking what the cause of the economic crisis was. The economies of the Allied Powers were damaged by World War I. Great Britain‚ France‚ and the Soviet Union were all in debt and the costs of the war ran resources low. Major cities of Europe were destroyed. Asia and South Africa more industrialized
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100 – T4B Major Buchy Kevin Mitchell Words: 1‚1911 On the first of September‚ 1939 the beginning of the deadliest war the world has ever seen was initiated. By the fall of 1939‚ Hitler had a nearly seven years as the Chancellor of Germany and was beginning to initiate his plans to bring mainland Europe under Nazi control. This World War was drastically different than the previous one only twenty-one years prior‚ mainly because of the revolutionary new developments from both the Allies and
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in achieving major reform in American Society in 1880 to 1920 was a long hard struggle. They fought for labor rights‚ better working conditions and condensed the monopolies‚ mainly the railroad that strong armed farmers due to unfair shipping costs. They fought for laborers rights to assembly and bargain‚ they gave women the right to vote and created governing bodies that promoted free and open markets as well as health. One downside was prohibition. And actually many progressives supported the amendment
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Why was the Roman army so successful? The Romans were probably the most successful empire ever. However what made them such a driving force was the power and organization behind the fearsome legions of the Romans. To most people the Roman army just seems like a normal army that you hear about. Well it is much more that that‚ there are a lot of reasons why they are as successful as they were. Here are some of them: weaponry‚ equipment‚ organisation‚ discipline training and its tactics. Some
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Why was the Roman Army so successful? Dorothy Kwok The Roman army was the most successful and powerful army in history‚ they built the Roman Empire‚ which spread over continents and lasted for a very long time. The Romans achieved fame for its amazing army. There are many reasons why the Roman army was so successful. The army offered Roman citizens to return with glory and money after serving Rome in battles. Their weapons and equipment was a lot more advanced than their enemies‚ which requires
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Why was the Roman Army so Successful? The legions of Rome were one of the biggest factors in Rome’s success as an empire. They conquered vast quantities of land‚ and were often used by the government to improve the morale of people living in cities‚ which often had parts that were cramped and unsanitary. The legions were set apart from contemporary armies due to their level of organisation and especially as they fought as a unit and not as individuals‚ as many tribes did. The swords of the Roman
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How Successful Was Stalin’s Economic Policy? Stalin’s economic policy primarily consisted of two factors‚ collectivisation and the five year plans. The aim of collectivisation was to destroy private ownership that had been allowed whilst the NEP was in effect. The reason for this is that private ownership was a capitalist idea and therefore it went against Marx’s theory of communism. Another aim of collectivisation was to make the state a proletariate; this was needed because in order to reach
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How successf ul was the L Successes Aaland Islands‚ 1921 Upper Silesia‚ 1921 Economic collapse in Austria & Hungary‚ 1922-3 Memel 1923 Greek-Bulgarian dispute‚ 1925 Failures Teschen 1919 Vilna‚ 1920 Corfu‚ 1923 The Successes Aaland Islands‚ 1921 Dispute over possession of the Aaland Islands between Sweden and Finland Took it to the league‚ and they decided Finland should have the islands Both countries accepted the League’s decision Upper Silesia‚ 1921 A plebiscite area with
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