left the Union in 1860 and 1861 and formed their own country in order to protect the institution of slavery. When 1865-1900‚ called as Gilded Age‚ the rapid economic of U.S development following the Civil War laid the groundwork for the industrial economy. By 1890‚ the USA leaped ahead of Britain for first place in manufacturing output. The Progressive
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used since ancient times‚ and is now important across society‚ including in economy‚ politics and technology. The rise in importance was mostly due to the invention of the internal combustion engine‚ the rise in commercial aviation and the increasing use of plastic. More than 4000 years ago‚ according to Herodotus and Diodorus Siculus‚ asphalt was used in the construction of the walls and towers of Babylon; there were oil pits near Ardericca (near Babylon)‚ and a pitch spring on Zacynthus.[32] Great
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The financial crisis that has impacted Greece has taken a heavy affect on the country and the whole of Europe. This Greek crisis also known as the Greek depression started in 2001 when Greece adopted the Euro and became part of the euro zone‚ which then give Greece easy access to millions of loans at a low interest rate. The Greek government then used the back loans to finance projects such as infrastructures‚ pensioners and technologies to modernize their country and compete with their new competitors
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Ever since the 1400s‚ the production of sugar has influenced the world economy‚ governments and social structure. Sugar put people in motion throughout the world for the purpose of building wealth‚ with unattended consequences of building global connections that still remain today and facilitating cultural diffusion.The reason people wanted sugar was that to them it was known as "white gold". It was referred as this because it was the first product in human history that satisfied the desire of sweetness
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THE MACROECONOMIC UNCERTAINTY IN THE OIL AND GAS EQUIPMENT SERVICE INDUSTRY We explore how the macroeconomic fluctuation can really affect the performance of a company. We analyze the companies of the oil and gas equipment service industry: FMC Technologies‚ NOV‚ and Schlumberger. We use the MUST Analysis in order to discover what were the macroeconomic variables that really affects our companies’ performance‚ the magnitude‚ and the direction of the variables with the performance. The data sources
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rising trend of borrowing in Australia has affected many Australian households economically. The Australian economy has experienced huge swings in interest rates in the different sectors of economy since the 1970s and the mid-1980s under the regulatory regime. Different groups get affected in different ways by interest rates. Change in interest rates results in fast and effective change in economy. When interest rates are high‚ people do not want to take loans from the Bank because it is more difficult
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to 1918‚ was one of the greatest wars and the first modern war in the world. This world war I became the gateway to new things. From the political‚ social and economic fields. This war not only inflicts tremendous damage but also costs a lot and affects the world order afterwards. World War I brought down the four greatest empires in Europe without a trace. No more kingdom‚ the state system began to grow. World War I was also the beginning of the emergence of new ideas that flourished. Fascism (Germany
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(NRA)‚ this was a law passed by the United States Congress in 1933. It was designed to support the President to control businesses to raise prices after severe deflation to stimulate economic recovery. Also‚ established a national public works program known as Public works Administration. In contrast‚ the national Recovery Act (NRA) took total control of the economy by the government‚ management‚ and labor‚ such things that give more benefit the big business and give some business to the working class
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During and after World War I‚ British imperialism harmed the Egyptian economy. Though they protected Egypt‚ the British made economic decisions in their own interest‚ leading to political unrest among Egyptian constituents. The Wafd‚ an Egyptian nationalist party‚ concentrated on British financial missteps to gain broader support for nationalism. The urban proletariat‚ the rural peasantry‚ and the landowners struggled economically in British-protected Egypt‚ resulting in a nationalist tide that would
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crude oil‚ petroleum products‚ liquefied petroleum gas‚ liquefied natural gas and chemicals‚ also vegetable oils‚ wine and other food - the tanker sector comprises one third of the world tonnage. Tankers can range in size from several hundred tons‚ designed for servicing small harbours and coastal settlements‚ to several hundred thousand tons‚ with these being designed for long-range haulage. A wide range of products are carried by tankers‚ including: * hydrocarbon products such as oil‚ LPG‚
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