and industrialization occurred in Britain and other European countries‚ known as the Industrial Revolution. Previous to the Industrial Revolution‚ horse carts were used as way of transportation and production was regularly done in people’s home’s. The public welcomed new inventions and technology that were established during the revolution. It created jobs‚ railroads‚ and unions therefore developed stability. New inventions such as steam-powered machines and factories were brought forth and increased
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Governor Central Bank of Nigeria GROWTH PROSPECTS FOR THE NIGERIAN ECONOMY Convocation Lecture delivered at the Igbinedion University Eighth Convocation Ceremony‚ Okada‚ Edo State‚ November 26‚ 2010 GROWTH PROSPECTS FOR THE NIGERIAN ECONOMY Sanusi Lamido Sanusi‚ CON Governor Central Bank of Nigeria 1.0 INTRODUCTION Nigeria’s economic aspirations have remained that of altering the structure of production and consumption patterns‚ diversifying the economic base and reducing dependence
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ROSTOW’S STAGES OF ECONOMIC DEVELOPMENT (ROSTOWIAN TAKE-OFF MODEL) Prof. W.W. Rostow (Prof.Walt Witchman Rostow) in his book entitled‚ “The Stages of Economic Growth” (published in 1960) has divided the whole process of economic growth into five stages. 1. The traditional society 2. The pre-conditions for take – off 3. The take – off 4. The derive to maturity 5. The age of high mass – consumption 1. The traditional society A pre-industrial society is known as a traditional society
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of the USA has the right to choose whom he/she can represent him/her. The law is also clear and equal to each citizen; however‚ in the KSA it is totally different; as well as‚ governor is from the imperial family. He judges as the way he understands. No complain at all in every aspect /decision on of what he did or does. Last year my brother entered to KSA by legal after a few months they arrested him and deported back to his country without any reason. He was free any crime and didn’t violate the
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From 1750 to 1900 there were some big changes which had an impact on every day life. Progress is defined as continuous improvement over a certain period of time. A revolution can be known as a big change. So a revolution‚ and then everything being at a standstill isn ’t progress. Furthermore you cannot improve over a period of time and have big hindrances in between; if any‚ hindrances can only be very minor. So the big question is how much consistent improvement was there from 1750 to 1900?
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developed country A developed country‚ industrialized country‚ or "more developed country" (MDC)‚ is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations. Most commonly‚ the criteria for evaluating the degree of economic development are gross domestic product (GDP)‚ the per capita income‚ level of industrialization‚ amount of widespread infrastructure and general standard of living.[1] Which criteria are to
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The United States during the 1800’s was going through a mode of metamorphosis. The Civil War was a period dedicated to those who fought or opposed slavery in the nation. It solely focused on the people who fought for what they thought would benefit the country more. Apart from the Civil War was the Antebellum Period. The nation went through a phase of shifting individualism and gradual polarization before and after the Civil War‚ known as the Antebellum Period. There were movements done by various
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Industrialization had a great impact on the United States. The Industrialization in the United States helped to attract many more immigrants to the country. The west made it possible to have more farming land. Urbanization created new technology. The United States was considered a new start and had many opportunities for anyone. This attracted immigrants to move to the United States. One of the most persuasive things for the immigrants to move to the United States was that the many different jobs. Immigrants
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that I will be using for my paper. During the 1920s the United States became more democratic in various ways. One of the ways that the United States became more democratic is by allowing women the right to vote. There was also culture transformation which was used as a tool “empower ordinary people and transform the style of politics” (pg 674). It was also during this time that child labor laws were created which added on to the democratic trend during this period (pg 666). Women being able to finally
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among the great super powers of Europe wanting to expand more of their territory and goods. They were also in competition for economic power trying to take in control of the trade and market. With the arms race between the USSR and the US during the Cold War‚ and arms race among other countries began to develop wanting to increase the number of armies and new developments of more efficient weapons and tactics. Nationalism was shown throughout as people came together to prepare for war. Alliances
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