StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Rise and fall of golden age / classical location theory - Essay Example

Comments (0) Cite this document
Summary
Question 1: Rise and fall of the golden age. Why did the US economy do so well after WWII and why did the US economy fall after that? The U.S. economy did so well after WWII because of the revenues it received from selling munitions during the war, which in turn allowed it to fund the Marshall Plan…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.6% of users find it useful
Rise and fall of golden age / classical location theory
Read TextPreview

Extract of sample "Rise and fall of golden age / classical location theory"

Download file to see previous pages Furthermore, during this time, the G.I. Bill helped in the education and economic improvements of veterans and their families. Investments in industrialization flourished too. Manufacturing boomed, as well as agricultural productivity, which increased the number of the middle class. The middle class reinforced the economic boom because they had the purchasing power to buy American products, such as automobiles and appliances, while also being capable of buying their own homes. Additionally, the Eisenhower administration implemented Keynesianism as the economic policy of the U.S., which hastened investment in public works programs (which boosted employment and wage rates) and cut back taxes (which encouraged investment and consumption). Technological changes boosted productivity and revenues also. From the middle of the 1930s to 1945, technological changes improved labor-productivity and capital productivity, creating many jobs with a steady real wage growth rate. By the 1970s, the U.S. Golden Age started to decline. The Bretton Woods system collapsed in 1971. During this time, imported manufacturing products (i.e. automobiles and electronic products), that were cheaper and of better or equal quality to American products, entered the U.S. marketplace too. These products reduced demand for U.S.-made products on American soil. On January 1973, the stock market crashed because of economic stagnation and inflation. Also, the 1973 oil crisis began in October 1973, when the members of Organization of Arab Petroleum Exporting Countries or the OAPEC declared an oil embargo. These events contributed to economic hardships that pushed the U.S. into a long economic downturn. Another way to explain the economic downturn from 1973 onwards is that “sunk capital” was too expensive or too inconvenient to replace. U.S. companies did not invest on plant and equipment anymore in the same way other nations did, so U.S. plant productivity slowed down and made them less competitive than other countries. Furthermore, the U.S. lacked the human resources and natural resources to ensure global competitiveness, while on the contrary, later-developing- countries had a large supply of surplus workers. These countries did not have the same problems of sunk capital and obsolescent technology. They caught up through the learning curve that modeling the U.S. provided to them. In other words, they conducted vast innovation in their industries and learned by doing. Through cheap labor and available raw materials, these countries had higher productivity and produced low-priced quality products that undercut American counterparts. In addition, some would blame Keynesian economics for the decline of the U.S. economy. Keynesian economics did not recognize and prepare for economic cycles, while later-developing countries focused on their global competitiveness. Their governments promoted growth and competition and had the ideology of global markets. The U.S. government was not able to stop duplicate industries from entering its economy too because it needed profitable markets for its foreign direct investment (FDI) and export markets. At the same time, the U.S. was distracted with its wars against communism. The U.S. entered into Cold War with Soviet Union because of Soviet dominance in Eastern Europe, issue of access to atomic weapons, and the Soviet blockade of Berlin. The Cold War expanded to include China, which became a communist government in 1949 and North Korea, ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Rise and fall of golden age / classical location theory Essay”, n.d.)
Rise and fall of golden age / classical location theory Essay. Retrieved from https://studentshare.org/geography/1490092-rise-and-fall-of-golden-age-classical-location
(Rise and Fall of Golden Age / Classical Location Theory Essay)
Rise and Fall of Golden Age / Classical Location Theory Essay. https://studentshare.org/geography/1490092-rise-and-fall-of-golden-age-classical-location.
“Rise and Fall of Golden Age / Classical Location Theory Essay”, n.d. https://studentshare.org/geography/1490092-rise-and-fall-of-golden-age-classical-location.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Rise and fall of golden age / classical location theory

Elizabeth: The Golden Age

... Elizabeth: The Golden Age Compare and contrast the theme and the visual style of the film.  Thesis: The theme of the movie Elizabeth the Golden Age revolves around royalty and power struggle between catholic Spain ruled by King Philip II and Elizabeth’s Protestant England. This was demonstrated during the entire duration of the film where Elizabeth had to contend with the various schemes and advances of Spain to remove her from the throne and install either her catholic sister Mary of Scots or Isabella, daughter of Philip II which is receptive to catholic Spain’s interest to restore Catholicism in England. To stress the predicament of royalty of how to keep her throne, Elizabeth was presented with various dilemmas such as the necessity...
5 Pages(1250 words)Essay

Golden Age of Hollywood

...Golden Age of Hollywood Introduction The studio system, which is popularly known as the Golden Age of Hollywood, was a major success in classical era. The system was influential between 1920s and early 1960s with highest success recorded in 1920s and 1930s. In these early days, the five major studios focused on locating, developing, and grooming potential stars to their liking. It is evident many actors and actresses stem from the Golden Age of Hollywood and one of them is Katharine Hepburn. Katharine Hepburn was one of the liveliest starts with a career of unparalleled success during the studio system. Her success is credited in seven decades, while she appeared in more than fifty movies and consequently won four Best Actress Oscars...
5 Pages(1250 words)Essay

Golden age of Hollywood musicals

...? The 1930s is referred to by many as the Golden age of Hollywood musicals and rightly so. In more ways than one, the musicals of the era have been successfully able to embody the complexity of the epoch by transcending sociopolitical or economic representations to profoundly affect the emotions and feelings of each and every member of the audience. Grant (2012) recounts that Depression-era musicals invited the creation of numerous subgenres an example of which is the revue musical. However, the most significant contribution in the field was a result of the efforts of Warner Bros. which initiated the production of several noteworthy backstage musicals such as 42nd Street (1933) and Gold Digger (1933) in a progressive sequence (Grant 2012...
3 Pages(750 words)Movie Review

Spanish Golden Age Painting

... the cases the creative genius behind the works remained, despite the calculations of their patrons and rulers, enigmatic and unpredictable. While the social and religious order in Spain's Golden Age was represented by all these artists, they were seldom forced into misrepresenting their own ideals. Bibliography Bernstein, L El Greco, Thames and Hudson, London, 1967 Brilliant, R How an Art Historian Connects Art Objects and Information, Library Trends, Vol. 37, no. 2 Fall 1988, pp.120-129 Creative Commons Attribution -Share Alike Licence Diego Velsquez Last modified 5 February 2010. Web. Accessed 26 March 2010 Goldschreider, L El Greco, Phaidon Press, London, 1949 Greer, G (1978) The Obstacle Race...
20 Pages(5000 words)Essay

Golden Age of Capitalism

...ESSAY The "Golden Age of Capitalism" was a period in world history that was characterized by immense growth in economic prosperity and a period when nations such as the United States, Britain, New Zealand among others experienced a level of political and economic stability. This period gave rise to countries realizing their full potential as far as international commerce was concerned and brought about specialization where each country concentrated on what it could best produce in order to compete with other markets. This was a time when commerce was being revolutionized with the emergence of new technologies in transport and communication which facilitated the international markets. Railroads and steamships were used...
3 Pages(750 words)Essay

Elizabeth: The Golden Age

...Elizabeth: The Golden Age Elizabeth: The Golden Age is a 2007 film subsequent to the 1998 film Elizabeth. William Nicholson and Michael Hirst wrote the screenplay while Shekhar Kapur  directed the film. The film cast was in UK where Universal Pictures and Working Title Films produced it at Shepperton Studios. The film features Cate Blanchet as the main character and it revolves around the latter part of the reign of Queen Elizabeth I of England. The film narrates the happenings of the Queen’s reign when her family betrayed her and the period of Spains invading army. Determined to save her people, her meeting with a seafarer named Walter Raleigh who she falls in love, interrupts her quest and forces her to make a dear sacrifice for her...
1 Pages(250 words)Term Paper

Napoleon's Rise and Fall

...Napoleon's Rise and Fall Napoleon was born in 1769 on August 15th in Corsica. Although his family had the noble hereditary line, the family was relatively moderate. Napoleon Bonaparte had a good education at an early age and later joined the army at an early age. His successful battle campaigns in Europe saw him rise up the ranks of military very fast and very soon, he was already a very senior person in the army. With his army, Napoleon Bonaparte was able to concur and disperse so many military coalitions that had been formed against the kingdom of France. Napoléon Bonaparte became Emperor of the French Empire in 1804 and stayed in the throne until 1814 when he was dethroned and later got back to the throne in 1815. After many...
7 Pages(1750 words)Research Paper

Automata the Golden Age

Design and making of automata cover a wide range of technical and engineering skills and processes from art, engineering, technology, science and basic laboratory skills involving the use of tools to process materials such as cardboard, wood, and metal. Automata can be described as a whimsical themed or mechanical device that is constructed to act as if by its own power. Sometimes they are referred to as mechanical toys or kinetic art.
Automata are marvelous machines that use most of the mechanical processes which can be found in almost every modern machine. They are powered through the use of a hand crank that turns a drive shaft which may include cranks, cams, cam followers, ratchets, levers, linkages, pushrods or gears. The...
1 Pages(250 words)Literature review

International Trade Theory

 Further to this, it is also believed that international trade can bring substantial economic welfare to the countries however still most of the countries do not view it as a favorable thing. Despite having a very promising and bright outlook, international trade has been largely viewed with suspension and it is because of this that governments impose barriers to restrict international trade. There can be many reasons behind this act of imposing restrictions or blocking international trade however there are also benefits on the other side too.

International trade has driven the attention of many of the brilliant minds in economics therefore the origins of the economic theory on international trade owe much to the c...
6 Pages(1500 words)Case Study

Contemporary American Catholic Homiletic Theory and Practice

The event, happening in a congregational setting and in a “liturgical” space being in the synagogue on a Sabbath, was pointedly significant in that the hearers of that preaching moment were “bearers” who were in the position of religious influence and authority of the time to witness to the momentous revelation of prophetic fulfillment. Jesus intended the declaration of the fulfillment of the Word to proceed in time and to all the Earth.
A publication of the United States Conference of Catholic Bishops (USCCB) entitled “Fulfilled in Your Hearing: The Homily in Sunday Assembly” contains that the fundamental elements of Christian liturgical preaching are three: The preacher, the Word drawn fr...
6 Pages(1500 words)Case Study

The Rise and Fall of the Decemvirs

Within about 60 years of the founding of the Roman Republic, the city-nation was already beginning to splinter from within, held together only because of the need to unite frequently in opposition to foreign enemies. Frequent wars with their neighbors often caused the Romans to put aside their differences in order to protect their lands and uphold their treaties. However, times of peace had the plebians, or common people, frequently at odds with the patricians (upper class) over disputes regarding losses suffered because of lengthy service in Rome’s army. In the middle of the fifth century BC, the Republic put aside its traditional structure of two consuls overseeing the senate to establish what was termed the decemviri, a r...
7 Pages(1750 words)Assignment

Art History: Catalan Chapel and Classical Greek and Republican Roman Sculpture

Characteristic of a fresco, the piece is made with secco placed on plaster and wood. Originally part of the church structure, the entire fresco was removed and went through several sales before being acquired by the Boston museum. Part of its ability to astound is its massive size. It measures approximately 21 feet at its tallest point and more than 12 feet across. Because it was originally intended to decorate the interior of a small circular area of the church, it is not flat either, but rather has a concave presentation forcing the museum to dedicate approximately 9 feet of space in depth to accommodate it. As a result of its origins and intent, as well as age and travels, the piece has sustained heavy damage, particularly alon...
7 Pages(1750 words)Assignment

The Fall of the Roman Republic

He managed to ward off all threats to his rule by either ruthlessly killing those who threatened it or expelling them from the Senate. However, Augustus was much more than his predecessors because he was able to balance and temper his power by attaining peace for Rome during his reign, called Pax Romana as a result, that his despotism became acceptable to his subjects. Civil wars were halted after raging for several years, and wars abroad ceased.

Aside from finally bringing peace to Rome after hundreds of years of wars and conflicts, Augustus many components to Roman life that made life easier for them like security and prosperity made possible through an efficient bureaucracy which he fashioned cleverly. He created div...
12 Pages(3000 words)Assignment

What Are the Most Important Factors in Explaining the Rise of the Modern State

Though the existence of the state can be felt in different walks of everyday life, yet it is an intangible whose nature is impossible to grasp. As a political institution, state embodies the concept of sovereignty. Devetak (2007) describes it as a political unit or a country that possesses sovereignty. State can thus be described as a single, unified whole confined within territorial borders. The state is built in a core geographical area with allowances to a certain extent on the boundaries. According to Strayer (1970), a state exists in the hearts and minds of the people. The collective personality of the state renders it immortal. The state is a multi-faced concept that is fuzzy around its edges. Consequently, we cannot develop...
6 Pages(1500 words)Essay

The Use of Rhetoric in the Electronic Age

The rubric of the rhetorical theory is an extremely contested discipline with classical rhetoric theory focusing on the concept of rhetoric as a form of persuasion or an ideological perspective that asserts “rhetoric’s role in upholding power and domination” over the “general public” as the underlying basis of societal communication (Stacks & Salwen, 2008, p.240). However, the boundaries of the classical rhetorical theory have been challenged by cultural change, context and the permeation of alternative perspectives. 

In particular, the impact of the digital revolution and the growth of numerous multimedia streams on cultural norms has challenged classical theory propounding the fu...
14 Pages(3500 words)Article

Free Cash Flows Theory

These are not hard and fast rules in determining the capital structure which should best affect a firms value. These theories lay down the benefits and the costs when a firm chooses what it sees as an adequate mix to maximise the shareholders value.

One of the implications where this research can lead include the possibility of the effectiveness in maximising shareholder value by employing two or more theories in capital structure decisions. Because these theories are more conditional by nature, probing which combinations when used for capital structure decisions are more effective in arriving at the goal of maximising firm value can be another subject for further research.
The role of capital structure in increasi...
11 Pages(2750 words)Case Study

The Rise and Fall of Cardinal Thomas Wolsey

Cardinal Thomas Wolsey was born in 1471 in Ipswich. His father Robert Wolsey was a butcher.2 Thomas Wolsey completed his education at Magdalena College, Oxford and was then appointed a master over there. He became a priest of Marlborough in 1498 and then the chaplain to the archbishop of Canterbury, Henry Dean in 1502. In 1503 after the death of the archbishop, Wolsey became the chaplain to Sir Richard Nanfan. Sir Richard trusted Thomas Wolsey and allowed him to handle a lot of matters of his state. It is believed that it was Sir Richard who introduced Wolsey to King Henry V11. It was after the death of Sir Richard that Thomas Wolsey actually entered politics and came to work under Henry V11. This was the start of his political ca...
7 Pages(1750 words)Assignment

Management Theory and Practice in the Early Childhood Education Industry

... enough to the needs of young children. This could be the cause of plenty of frustration and also impact upon their actual work performance because those rules and regulations tend to limit them. Yet another demotivating factor is the “glass ceiling” that these individuals come up against, especially if they are women (Osgood and Halsall, 2007). Applying Henri Fayol’s classical theory of management, some of the principles which would apply in the context of motivating employees in the early childhood education field would include (a) equity (b) initiative and (c) esprit de corps (Fayol, 1949). The first means that a combination of kindliness and justice must be shown to the employees (b) they must be encouraged to demonstrate initiative...
6 Pages(1500 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Rise and fall of golden age / classical location theory for FREE!

Contact Us