...century, had a tumultuous political climate. Ferdinand VII who ruled Spain died in 1833 leaving his infant daughter Isabela as his heir. Carlos, his brother, challenged the succession leading to a lengthy civil war. Queen Isabela II was a controversial figure. Not only was she placed on the throne in an untraditional way, she was a notorious party girl, often taking lovers other than her husband. Because of her poor leadership skills and disinterest in actually performing her duties as queen, Spain underwent many years of revolting and in-fighting between political parties. (2) The continuous fighting and war affected the Spanish economy immensely. While other European countries were flourishing with modern industrialization and imperialism, Spain struggled. Interestingly enough, Spain was one of the first Western countries to obtain colonies in the West Indies. However, by the 19th century, Spain lost...
Words: 765 - Pages: 4
...FEDERAL RESERVE BANK OF DALLAS Issue 2 March /April 2003 Southwest Economy . . . . . . . . . . . . . . . . . . . . . What Wages and Property Values Say About Texas Two principal factors determine which cities experience the most rapid economic growth: business investment and labor growth. Business investment is high in cities where productivity is high relative to the cost of production. Workers are most attracted to cities where the amenities and wages are high relative to the cost of living. Together, wages and property values convey considerable information about a city’s productivity and amenities, and therefore about its growth potential. Taken independently, however, neither provides a complete measure of amenities and productivity. Wages could be low in a city because productivity is low, but they could also be low because people are willing to accept lower wages to live in a place with so many amenities. High wages could indicate either high productivity or the need to compensate workers for a lack of amenities. Similarly, high property values indicate either that high productivity has attracted enough business to bid up property values, that high amenities have attracted enough residents, or both. A simple economics framework—one that takes into account the role labor and capital (Continued on page 2) . . . . . . . . . . . . . . . . . . . . . . Debunking Derivatives Delirium INSIDE: The Giant in Mexico’s Rearview Mirror Banks have gotten a lot of bad...
Words: 2628 - Pages: 11
...The first steam railroad locomotive was built by a British inventor, Richard Trevithick, in 1804. A mere sixty five years later, across the Atlantic Ocean, the First Transcontinental Railroad completed assembly. Never before had a train line traveled west past the Mississippi river. This rail route connected the American West with the rest of the continent. The West was embryonic before the transcontinental railroad. The American West was thinly populated territory that was not industrially advanced. The completion of the railroad allowed for a mammoth corpus of populace and goods to be shipped to and from the West at pioneering speed. Conveyance on the train tracks launched the West’s financial system. Physically and in print the West was...
Words: 1730 - Pages: 7
...Germany’s economy has always played a prominent role in its rich history. It has come along way to rebuild its shattered economy, losing two world wars and the carrying out of a horrific genocide. Today, Germany dominates Europe on many levels. Participating in two world wars caused havoc on Germany’s economy and for many years, their future seemed bleak. They rebuilt their economy with great success. While most of Europe entered recession in late 2008, Germany was going from strength to strength economically. These topics are very relevant to our personal lives, not a day goes by without the economic state or fiscal crises being mentioned in the various forms of media. These issues affect us directly. Germany as a whole has developed greatly in recent years, in it’s society, it’s economy and other important areas. In my speech I will address many points that discuss Germany’s evolvement into a European economic superpower. I will discuss most importantly the history of Germany in the European Union and how it’s connected to the role of the economy in German history, exploring how Germany has developed in areas such as foreign policy, Gross Domestic Product and Inflation figures, the great divide between East Germany and West Germany after World War II and then Reunification. I will explore and refer to journals, books and popular press sources in Germany throughout my speech. After the First World War, Germany was left in a vulnerable state. Germany was economically devastated...
Words: 2992 - Pages: 12
...military might and technology but also the biggest economy in the world. Such epitome of global success and leadership for more than a century has been the very beneficial to the U.S. and its economy particularly in the pre-9/11 and pre-2007 global financial crisis eras. But these events particularly the 9/11 attack for example have created serious blow to the U.S. global leadership and its image. Like in the area of the U.S. foreign policy in which its global image defends upon that has also significant implications on its economy, global economic and political interest. Hypothesis The evolution U.S. Foreign Policy for example has been intertwined with the changes of the socio-economic-political and technological landscapes. But for the first time in U.S. History, Terrorism has become the major cause of the abrupt changed in its Foreign Policy which has some serious implications on its national security, political and economic interests in different regions of the globe including West African region which composed of countries like Angola, Benin, Cameroon, Cape Verde, Democratic Republic of Congo, Côte d'Ivoire, Equatorial Guinea, Gabon, Gambia, Ghana, guinea, Guinea-Bissau, Liberia, Mauritania, Namibia, Nigeria, Sao Tome and Principe, Senegal, Sierra Leone, Togo, and Congo. Purpose The purpose of this paper is to conduct discussion and analysis on the United States Security and Economic Cooperation (policy) for West Africa Since the terrorist attacks of 9/11. As one...
Words: 3410 - Pages: 14
...Gwen McFerran Mrs. Cullen AP World History May 24, 2017 Living in West Berlin vs East Berlin: Thesis Paper The Berlin Wall was built in the August of 1961, when the East German soldiers constructed more than thirty miles of a barbed wire barrier through the center of Berlin, Germany. The citizens of East Berlin not allowed to pass into the Western side. Soon, concrete would take the place of this barbed wire. (Taylor, 458) East German authorities thought that this wall would protect their citizens from the influence of the capitalist system that was occurring in the west. In the west of the world, the Berlin Wall was just like a symbol of communist oppression. The Berlin wall was the biggest boundary separating two worlds; the totalitarian...
Words: 1911 - Pages: 8
...restricted him from accepting to surrender led to the destruction of infrastructure that he had already built. This paper aims to address the history of the Germans after World War II, the German economy and their living standards. The defeat of the Nazi Germany led to the split of Germany in a period known as the split of Germany after World War II. The country lost its war gains and territories in the East to the Soviet Union and Poland. The German population underwent much torture and suffering, about seven million of the German citizenry left Germany and died during their emigration because of starvation and hard labour. The most affected people were the prisoners serving their time in the prisons. Over ten million refugees who knew the German language well arrived in the country from other parts of the continent such as countries in Eastern and Central Europe[2]. Many of the German POWs were subjected to forced labour with industrial equipment...
Words: 1182 - Pages: 5
...Category North South West Midwest Political The political problems in the North during the second Industrial revolution were the classes separations between the factories owners and factories workers both and the other political problem was that the immigrants were voting. This made many people upset. Because of the ban of the black codes and the passing of13th, 14th, and 15th amendments there was a great tension between Southerners and former slaves which led to diversity. It had fewer political problems because it was not near as populated as the north and the people who moved west were more concentrated on making a living from the natural resources. There were a lot of farmers politically active in the Midwest. Social The biggest social problem in the north was that the population grew extremely high and it became extremely crowded. Even households were crowded with more than one family per house. Because of the Southerners hatred towards the African American's, it caused many social discrimination problems. There was a social conflict that the Chinese were willing to work for less money which appealed more to owners of factories and farms. This frustrated the people in the west. Since so many immigrants settled in the Midwest it caused a lot of problems between the immigrants and the...
Words: 640 - Pages: 3
...The Cost of Mother Nature West Virginia has a number of different natural energy resources that can be utilized. There is coal, which is a nonrenewable energy resource because there is a limited amount of supply. Then there is wind and hydropower, which are considered renewable energy resources; because there is an infinite amount of supply. The city council may want to take into consideration these two renewable energy sources for the many different advantages each source has to offer. West Virginia has an abundance of natural energy resources such as coal, wind, and hydropower; all of these energy resources could generate electricity and stabilize the community’s economy in various ways, including the different types of facilities, cost, and production output. West Virginia coalmines are amongst the top in the country for coal production. A 2009 study showed that five states in America produced close to three quarters of all the coal in the entire country, and West Virginia was number two on the list. Coal is used to generate electricity, heat, and for industrial uses. In the 2009 study, over ninety percent of the coal was used to generate electricity, a little over six percent was used in the industry, and less than one percent was used to generate heat (“Coal” 18). West Virginia mines a large portion of the countries coal every year and in order to keep up the high demand, most of the state workforce is employed by the coalmines. The West Virginia coalmines are the...
Words: 1735 - Pages: 7
...BEIJING FOREIGN POLICY IN WEST AFRICA (Yang Jiechi Policy) Foreign Policy Article: Published by Kingsley C. Onyenankeya December 5, 2011 SUNY EMPIRE STATE Kingsley: Beijing Foreign policy in West Africa 1 Contents Executive Summary Concept and Assumptions Methods of Argumentation Theoretical and Policy Prescriptions Conclusion References Kingsley: Beijing Foreign policy in West Africa 2 Executive Summary China's increase involvement in West Africa over the past decade is one of the most significant recent developments in the region. It appears to redirect the idea of marginalization of West Africa and Africa as a continent, which brings significant political consequences. Beijing's West Africa interest is part of a recently...
Words: 6084 - Pages: 25
...imbalance. Finally, it will evaluate actual supply side policies. Real GDP measures the value of goods and services produced at constant prices, the change of the real GDP only reflects the change of the quantity of production. In addition, people prefer to use real GDP than nominal GDP because real GDP reflects the economy’s ability to satisfy people’s needs and desires (Mankiw and Taylor, 2011:496-497). According to below graph, it shows that UK economy has experienced up-and-down swings in the years since 2003. Before 2008, growth more stable between 0.2 and 1.8 per quarter. However, GDP is more unpredictable after 2009. (Source: BBC news, 2015) The first type is actual growth which refers to “the annual percentage increase in national output produced and measures in real terms” (Bond and Hughes,1994:85). The diagram below shows that the phase of business cycle and how real GDP behaves over a hypothetical business cycle. Dwivedi (2010:409) notes that “business cycle refers to a period of high growth and prosperity in the economy followed by a period of sharp economic...
Words: 2107 - Pages: 9
...In 1848, the west was virtually vacant of American citizens and had not yet been divided into states, resulting in unused, uncontrolled land. A push of entrepreneurism is what the U.S. needed most to influence easterners to migrate to this newly purchased soil. This push was the California gold rush. The search for a new life would bring in 300,000 determined, economy boosting Americans. The California gold rush united the new western land with the eastern U.S., setting the stage for western expansion. The risk of taking the treacherous journey to California did not seem very appealing to the easterners before this race began. The combining of the east and west, caused by the California Gold rush is well explained by a "National...
Words: 662 - Pages: 3
...alcohols, and goods were bartered which helped boost the newly developing American economy (Rorabaugh, 60). Alcohol impacted the early American economy by promoting trade, making agriculture...
Words: 1006 - Pages: 5
...southern African Americans to enjoy life. West Discrimination and riots because of tension white Americans and immigrants. Midwest Labor unions were becoming more popular. Social reform in Ohio and Illinois. In rural areas, farmers were somewhat politically active. Social: Northeast Growth of industry showed the gap between rich and poor. businesses owners wanted to increase profits. Workers wanted better wages and working conditions. South The post-Civil War South continued to have race issues. New segregation laws...
Words: 621 - Pages: 3
...Critical Analysis: Rise of the West There are many theories and ideas of how western civilization became the way it is today. While some scholars believe it is in one influence of another region, many others can argue that it is certainly just the way the world is supposed to work out. We, as humans, have no control over how our surrounding civilization will turn out nor would we be able to alter many thing that have happened in the past. Robert Marks provides his own examples and theories to prove that other regions such as India and China have a significant part in the outcome of the west. The ideas of Eurocentrism, contingency, accident theories and conjuncture are all theories that are mentioned throughout the narrative to allow readers to understand the point of view the author is coming from. The narrative points out examples and ideas of many scholars who have their own opinions of the rise of the west and the many influences that surround it. Not only does the author of the narrative explain his own views and opinions, but he uses evidence from scholars such as Karl Marx and Freidrich Engels to support his claim as well. "The Rise of the west" is a narrative that provides many examples of how the west was influenced by many other regions and not solely just on European culture. In the narrative, Marks seeks to expand his ideas on how he believes that the world's western civilization was created and influenced by other cultures rather than just one region, Europe....
Words: 1324 - Pages: 6
