Download file to see previous pages...
The only means of transport was either by wagons, stagecoaches or by the ocean, this discouraged immigration of children and women (Norris, 2008). Fortunately, in 1862, The Central pacific Railroad emerged from California’s need for a remedy to its transportation crisis as well as socio economic challenges. Construction of the railroad began at Sacramento in 1863 after the congress authorized it the previous year. The businesspersons who combined efforts to finance the project named themselves the ‘octopus’ and the profits from the project rewarded them greatly years later.
With the development and opening of the railroad, traveling time from the state to other states and within the cities greatly reduced. From travelling for months and several weeks, the people of California could now use just a week or days to reach their destinations. The Central Pacific Railroad was labelled the safest means of transport, most attractive site for tourists as well as the most direct means for transport for the immigrants across the American continent. Transport of goods and services developed as the machinery, mails, manufactured goods, as well as human resources begun moving to the west. In addition, natural resources, and food rolled eastward hence feeding almost half of the Eastern populace. Along the Central Pacific Railroad as well as its terminals, towns emerged and developed quickly because of the strategic location. Among the towns that developed along the lines of this railroad were North Plate, Lexington, Julesburg, Cheyenne, LA rime, Rock Springs, and Evanston. People begun purchasing land that the had been given to the railroads as grants and they established settlements in the new town, constructed houses, began business activities as well as ranches and farms (Norris, 2008). The Octopus used agents to market the area
...Download file to see next pagesRead More
Some say management practices go back “thousands of years to the planning, controlling, directing, and building of ancient pyramids” (Wren & Bedeian, 2009, Fax p. 1). This particular analysis is starting with the late 19th and early 20th century management theorists who began their work during the Industrial Revolution.
The events of The Era are discussed such as the Hawthorne studies, and contributions are outlined under each theorist. This essay concludes with reflections on relevance within organizations today and future assertions. Noe, Hollenbeck, Gerhart, & Wright (2003); Owens & Shakeshaft & (1992) provide an overview of The Humanistic Era from a historical standpoint, beginning during the 1920s.
4 In your analysis, what role do fiscal and monetary policies have to lead to higher or lower budget deficits? 5 How do budget deficits affect overall long-term economic growth and the debt that the U.S. has to contend with? 5 Restatement of the thesis 6 Conclusion 7 References 8 Introduction There is a correlation between the federal budget and economy.
China’s economy is highly developed than that one of India. While India is the 11th biggest economy in terms of the various exchange rates (Chow, 2001). China takes the number two position passing Japan (Runckel, 2002). In comparison of the estimated $1.3123 trillion Gross Domestic Product of India, China posses an average GDP of close to $4909.28 billion (Chow, 2001).
Particularly, this technological change has not remained as a notion in isolation but it has resulted in globalisation that has turned the whole world into a small global village where different countries are now connected with each other and actions of one country affect processes in another country.
The main research question aims to find out the impact of economic growth on three main indicators of economic development namely, health, literacy and incidence of poverty and inequality. This is a qualitative paper drawing its conclusions mainly from quantitative analysis done by institutions such as, the Bank of Thailand and Asian Development Bank.
Productivity, represent as output per person employed, contributing to GDP. This is indicated as (GDP/EMP). It should also be noted that output per person employed depends on a number of factors, such as, capital/labor ratio, returns to scale, state of technical progress, proportions of high and low productivity industries in aggregate output, average hours worked and the educational and skill composition of the work force.
In the twentieth century, Germany has been defeated in the successive World Wars. It has suffered damages both on the political and economic fronts for war reparations, among other responsibilities as a consequence of its defeat. But through all these,
Economic growth results from the increased production and consumption of a country’s goods and services. Should these goods and services be of the right kind, they benefit the people and thus improve their quality of life and economy. However, economic growth does not necessarily lead to economic development
Since the initiation of market reforms in 1978, China has turned from a centrally organized to a market founded economy and experienced swift monetary and social growth. Gross Domestic Product increase averaging almost 10 percent a year has advanced more than 500 million
5 Pages(1250 words)Research Paper
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Research Paper on topic The Railroad Era and Economic Growth Paper for FREE!