workers‚ many of which were Irish immigrants‚ were required to connect and expand the Nation from the East to the West. The completion of the Transcontinental Railroad played a large role in Westward Expansion and positively impacted the American economy. Irish Immigrants were not only integral to the construction of the railroads that facilitated western expansion‚ but they later used the railroad to migrate west and to form new immigrant settlements in western states and new territories. The Union
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serious ramifications to China’s already poor economy. Unlike the Great Leap Forward‚ the Cultural Revolution was more of a political upheaval that did not produce any significant changes (for the better) in economic policies or the basic economic model. In fact‚ nearly all economic activities grinded to a halt during the 10 years (1966-1976) the revolution occurred. The revolution’s influence rippled throughout chinese society and seriously affected the economy. Mao’s experiment was like a dagger that
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How did the Industrial Revolution Change the American Economy Before the Industrial Revolution‚ the American economy was built on cotton plantations‚ hand-woven textiles‚ farming‚ fishing‚ and trade. Products were made by hand on farms and in homes. The Industrial Revolution changed how goods were produced which had a major impact on the American Economy both positively and negatively. The invention of machines‚ water power‚ and steam engines‚ for example‚ led to materials being produced more
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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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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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Financial Crisis (GFC) was followed by the deepest recession in the world economy since World War II. The Australian economy performed better during this period than most other advanced economies on nearly all relevant indicators. Although financial and economic conditions were stressed‚ the financial system worked remarkably well (Tony & Morling‚ 2011). Diverse factors have been stood in to explain this strong Australian economy performance during this recession. These include the strength of Australian
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dig deeper you realize that the Black Death wound up having a positive effect on Europe’s economic future. The lasting legacy of the Black Death should really be the good it did for Europe’s economy and how it enriched lives of generations of Europeans. The first way the Black Death helped the European economy was that it led to the fall of feudalism. Feudalism was a burden on the European economy’s growth because it made it where people were stuck in the social class that they were born into forever
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the 1920’s‚ also known as the Roaring 20’s. This economic upturn occurred shortly after the conclusion of World War I and the short recession that followed the war. Some industries flourished during this time while farming became a cancer to the economy. To help the plight of the American farmer congress did as much as it could in passing legislative bills like the Emergency Tariff of 1921‚ the Fordney-McCumber Tariff of 1922‚ the Capper-Volstead Act of 1922‚ and the Agricultural Marketing Act of
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Expansion abroad during the Spanish-American War was good because it improved the United States’ economy. Expansion abroad during the Spanish-American War had many positive effects on the United States’ economy. The acquisition of new territories and the establishment of new markets opened up great opportunities for economic growth and development. This expansion not only provided additional resources and raw materials for the United States but also facilitated trade and enhanced the nation’s international
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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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