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History 4th week - Book Report/Review Example

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Summary
The four most important points made by Holliday are: the history of gold mining; its evolution, especially in terms of equipment; challenges and issues related to gold mining; and the future of the industry.
A lot of people do not really understand how gold mining begun in…
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History 4th week

Download file to see previous pages... The industry has undergone numerous changes since its conception. From primitive equipment and technologies to the current state-of-the-art tools and technologies, understanding this transition enables any interested party to know the areas of improvement, and identify the right technologies and innovations to make such improvements. Particular emphasis is often placed on mining and processing.
This should not be confused with point (b). as is common with the mining of other minerals, gold mining has its complex and long-standing challenges involving remuneration of workers, job security and layoffs, adapting to trends, and environmental concerns. Labor issues and environmental concerns are especially sensitive, with workers pushing for better working conditions and salaries regardless of economic circumstances, and environmental disasters (e.g. the BP oil spill) driving more focus towards the energy and mining sector. This point needs to be well understood by all interested parties, whether they are investors, workers, or consumers.
This concerns future developments that can impact the gold mining industry, including but not limited to technology, social changes, economic conditions, and consumer preferences. Investors, traders, workers, and governments need to understand and prepare for the impact of such developments so as to cushion themselves against possible negative ramifications, but take advantage of positive impacts.
Rice and Holliday’s historical versions are similar in their coverage of the background of gold mining in California, as well as the challenges and issues affecting the sector. However, their versions differ in their coverage of the future of the industry. Rice dedicates much more time to the history, evolution, and challenges, with a slight coverage of the future of the sector. Holliday, on the other hand, adopts a more detailed and ...Download file to see next pagesRead More
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