Why did the depression of 1893 occur? Source: Romer‚ 1984 The depression‚ which was signalled by a financial panic in 1893‚ has been blamed on the deflation dating back to the Civil War‚ the gold standard and monetary policy‚ under consumption (the economy was producing goods and services at a higher rate than society was consuming and the resulting inventory accumulation led firms to reduce employment and cut back production)‚ a general economic unsoundness (a reference less to tangible economic
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On March 5th 1770 a horrendous war broke out between the British troops and the Bostonians‚ it was called The Boston Massacre. 6 were killed and 5 were injured both troops and citizens. Some people have tried to blame this war on the citizens and most blame it on the soldiers. The bostonians started the fight but they most likely didn’t think that it would escalate to the point it did. They took advantage of the soldier in acting in this way and got what they deserved. On the day of
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“The lamps are going out all over Europe‚ we shall not see them lit again in our lifetime‚"-Sir Edward Grey. The main reason World War I started was because of the assassination of Archduke Ferdinand. Many countries were in this war. The countries were either in the Allied Powers‚ Central Powers‚ or neutral. This war lasted four years‚ from 1914 to 1918‚ but the United States didn’t enter until 1917. The United States was right to enter WWI because Germany was sinking America’s ships although they
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A Comparison of John D. Rockefeller And Henry Ford Two of the most well known industrialists today are Henry Ford and John D. Rockefeller‚ who are most noted for the economic legacies of their business empires and the technological advances that were entailed and resulted therefrom. This essay will compare two similarities and one difference play by Henry Ford and Rockefeller in their promotion of technology and the economic consequences of their business empires.
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Abstract: This essay discusses why Nova Scotia failed to join the American Revolution. It discusses the social‚ political‚ economic‚ geographic‚ as well as religious factors that led to Nova Scotians’ lack of attachment to revolutionary ideology in the colonies. During the time of the American Revolution‚ Nova Scotia was geographically on the northeastern frontier of Massachusetts. No geographical feature separated Nova Scotia from Maine‚ which meant that the Canadian province was very much a part
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Did President Wilson have no choice but to enter World War 1 on the side of the allies? Seeing as Germany was planning on declaring war on America‚ Wilson had no choice but to join the side of the allies. President Wilson was a peaceful man but America was already being treated horribly by Germany before even entering war‚ and he couldn’t continue to watch innocent Americans being killed for something they weren’t even a part of. Wilson could not let American’s become helpless or violent creatures
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Steel ball is widely used in machine‚ but also ages rapidly. Therefore‚ knowing the ball mill course and causes of aging can improve the life span. There are four major causes of steel ball aging Firstly‚ cutting and shaping abrasion. The relative sliding motion in the cylinder of ball mill ball is in the rising phase‚ hard material by the group is in cutting groove‚ and cutting softer materials on the ball is of the relatively shallow. Materials produce local shaping abrasion of the
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The Europeans did not really have an interest in sailing the world and exploring foreign lands‚ but that all changed by the 1400s. What led to the Europeans wanting to explore the world was the desire to grow rich and to spread Christianity‚ coupled with advances in sailing technology‚ spurred an age of European exploration. The main motive for exploring the world was the the desire for new sources of wealth. The Europeans figured that overseas trade would bring a lot of wealth their way through
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The Compromise of 1850 was a series of measures proposed by Henry Clay. It was passed by Congress in an effort to settle outstanding issues with slavery and to avert the threat of dissolution of the Union. The crisis arose from the request of California admitted to the Union as a free state. The problem was complicated by the unresolved question of slavery’s extension into other areas ceded by Mexico the preceding year. Clay’s purpose was to maintain a balance between free and slave states and to
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Almost immediately after the war ended‚ the northern senators went into the south to try to “fix” the state governments. There were two major plans for Reconstruction‚ Presidential Reconstruction and Racial Reconstruction‚ designed by congress. President Lincoln believed that the south had never “legally” seceded from the union so his plan was to grant forgiveness in an attempt to reunite the states. However‚ he was assassinated just a few days after the end of the war so he was unable to put anything
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