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Describe the sectional economic differences in the US during the early 1800's?
Describe the sectional economic differences in the United States during the early 1800s.
Is economic growth necessary for economic development?
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
What are the nature of Economic development?
nature of economic development
What are the distinctions between economic growth and economic development?
Economic growth is the growth of people which causes economic development, the growth/development of cities/towns. (i.e. businesses and buildings)
What is economic retrogression?
the development of economic
What social and economic changes discussed in previous chapters fueled sectional conflict?
railroads, cotton gin...
An economic cause of increasing sectional conflict on the eve of the Civil War was the decreasing importance of what river?
Mississippi river
What was the main cause of sectional conflict in the 1830s?
regions of us had grown different that they seldom shared the same economic interest or political rights.
Which aspect of life in Sudan has been most affected by the years in conflict?
Economic Development
Which aspect of life in Sudan has been most affected by the years of conflict in Darfur?
Economic development
Name two of the factories that helped spur economic development after the civil war?
The construction of new railroads and the establishment of public school systems.
In the 19th century protective tariffs subsidies for railroads and open immigration showed that the federal government followed a policy of?
support for economic development
Describe the sectional economic differences in the US during the early 1800's?
Describe the sectional economic differences in the United States during the early 1800s.
How has war affected the economic developement of afghanistan?
Afghanistan has seen a reduction in its level of development due to ongoing conflict.
What is the relationship between peace and development?
In general, having less conflict lowers costs by reducing loss of economic inputs, allocation of output to conflict, and transactions costs/uncertainty associated with conflict. All of these factors would indicate higher economic resources would be available in the absence of conflict, and more wealth in society generally means more consumption, saving, and government spending - all of which improve development.
What is a counterfactual question?
Counterfactual approach is a scientific method developed in Economic History mainly by Robert Fogel in his analysis on the effects of American Railroads in the economic development. The approach aimed to measure the role of an invention in economic development by posing the question: what if that invention did never arrive? Fogel though that in absence of railroads, an alternative transport technology had to be developed, such waterways. He concluded that if the railways did not come, then the US economy will have to spend about 5 per cent of the GDP in building alternative transport system.
What is the main purpose of railroads?
The main purpose of railroads is to transport goods and passengers efficiently and safely over long distances. Railroads play a vital role in facilitating trade, connecting regions, and supporting economic development. They are known for their reliability and cost-effectiveness in moving large volumes of cargo.
