Journal of Economic Perspectives—Volume 21‚ Number 3—Summer 2007—Pages 177–198 The Causes and Consequences of Wal-Mart’s Growth Emek Basker W al-Mart plays a large and ever-growing role in the U.S. economy. As of January 31‚ 2007‚ Wal-Mart operated more than 3‚400 U.S. Wal-Mart stores along with more than 550 Sam’s Club locations. Wal-Mart is the largest private employer in the United States‚ with 1.3 million employees‚ and the largest retailer in the United States. In 2004‚ Wal-Mart handled
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Causes 1.Nationalism It was an important factor in IR after the French revolution. It resulted in german and italian reunification. And contrastingly‚ led to the dissolution of the turkish empire and demands for independence in the balkans and other east european countries. The notion of being superior than the rest(Britain’s white man burden and germany’s supremacy of the aryan race) led to tension and conflict and ultimately the race for supremacy. 2. Imperialism It was the direct outcome
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Consequences/importance of the Montgomery Bus Protest 1. The direct result was that in 1956 the Supreme Court ruled that segregation on buses was illegal (Browder v Gayle). 2. After 13 months the bus companies gave in. This was REALLY important for the future because it showed to both Blacks and Whites in America that in racial discrimination cases - eventually - the Blacks would win. The battle was by no means finished‚ but after Montgomery the Whites knew they were going to lose in the end‚ and
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can be traced to the year of 1763. It was marked in the finest history that the people fought for themselves or such as their independence for the popular sovereignty‚ rules of law‚ constitutional rights. The war brings significant battles and consequences such as the Seven Years’ War‚ the ultimate cost of stationing the troops in the colonies‚ and the British efforts to suppress American smuggling and resistance. The Revolutionary war stated when the British leaders began to tighten their reins
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bubble‚ especially in US. The problem was that inflation was low and people felt this was the most important target. In targetting inflation‚ people ignored the asset bubble. (see: Mistakes of Alan Greenspan[->0]) · Bad Loans. Probably the biggest cause of the current credit crisis. Banks and mortgage companies made a serious of bad loans especially for subprime mortgages. Basically‚ people were lent mortgages they had no realistic chance of repaying. Mortgage companies and banks were left with a
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going. The second cause of the Great Depression would be easy credit. To pay for the items that could not be afforded‚ the consumers would use installment plans where a small percentage would be paid while the rest will be paid over the course of years. As a result‚ more and more debt is accumulated. More than half of the products bought were obtained by credit. Easy credit allowed the people to freely spend their money and not worry about not being able to pay back. The next cause is stock speculation
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days later on August 9‚ over 60‚000 people died in the city of Nagasaki (Swain‚ 2006). Many more people died weeks‚ months‚ and even years later‚ and at the end of all of the destruction‚ almost 200‚000 people were left dead (Rossenfeld‚ n.d.). The causes of all of this were two atomic bombs dropped by the United States. At first glance‚ it may seem that dropping these two bombs was a terrible and horrific thing to do. However‚ the use of atomic weaponry was actually a necessity in how well our conflict
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A sovereign state is a political organization with a centralized government that has supreme independent authority over a geographic area.[1] It has a permanent population‚ a government‚ and the capacity to enter into relations with other sovereign states.[2] It is also normally understood to be a state which is neither dependent on nor subject to any other power or state.[3] The existence or disappearance of a state is a question of fact.[4] While according to the declaratory theory of state recognition
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The first part of the Medieval period saw conflict‚ commerce‚ and contagion. Prophet Muhammad gave birth to Islam‚ a religion that expanded quickly into Christian territories; the Silk Road connected the eastern markets to western consumers‚ and unwittingly created a corridor for diseases. The first four Crusades (1095 - 1254 CE)‚ while seeming to be religious wars‚ were also very much political battles fought for secular reasons like political alliances‚ trade routes‚ and control of land. The conflict
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Causes and consequences of the battle of Dien Bien Phu Examine the causes and consequences and consequences of the battle of Dien Bien Phu‚ 1954‚ which affected the lives of the Vietnamese until the 1960’s. Dien Bien Phu‚ 1954‚ was the final battle of the first Indo-China war. Lasting 55 days‚ the battle had French troops attempt to hold an armed camp against the Viet Minh‚ who greatly out-numbered them. Dien Bien Phu was situated in a valley in Northern Vietnam‚ surrounded by mountains. The
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