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.
Nobody downloaded yet

Economic comparison - Research Paper Example

Comments (0)
Summary
Economic Comparison This paper is an economic comparison and consist of the comparison of US national economy from 1910 – 1920. This paper is divided into two sections. The first section is the state of the US economy at the beginning of the decade 1910…
Download full paper
GRAB THE BEST PAPER
Economic comparison
Read TextPreview

Extract of sample
Economic comparison

Download file to see previous pages... Immigration was totally restricted and farming was the main occupation there that time. The period of 1900 – 1910 saw a fall and increase in unemployment. The average unemployment in the period was 1406 (000s), which indicate a decrease in unemployment. The percentage of non-farm employees in the work force was on an average of 7%. The percentage of farm employees was decreased by 1910, which shows that farming activity had increased that time. According to the ‘Historical Statistics of the US 1890-1929’, the GDP in1910 was around 600 billion. From 1900 -1910 the real GDP growth increased, whereas at the beginning of 1910, the GDP recorded a straight decrease. The early 1930s was a period of great depression and the production of goods and services plunged. (Chantrill para. 1). The rate of inflation estimate provided by the US department of labor (Bureau of labor statistics) in 1910 was 3.7%, while in 1920 it was 15.6%. The Emergency Quota Act was passed in US parliament in May 1921 and this restricted free immigration into the US. Until that period immigration was on a large scale in the state. Four groups existed in the labor market in the US in the 1900-1910 era and they consisted of workers from the American federation of labor, knights of labor and the unorganized labor. These groups opposed unrestricted immigration into the US, which created less employment opportunities for the Native Americans. “Since 1900, the unemployment rate has fluctuated widely, rising during contractions and failing during expansions. During the great depression of the 1930s, the rate hiked to 25%” (McEachem 2009, p. 465). Comparison of 1910 with the Present US Economy: Today’s US economy is a very developed and established economy, even though economic recessions have caused a setback to the nation. Comparing the year 1910 with the present day, the economic development of the nation has grown by leaps and bounds. Although, the US GDP has experienced an uncertain trend especially during the times of economic recession, but it always shows signs of fast economic recovery. “The 1910s was a decade of great change for America. It was during this decade that the United States was first considered a world leader” (America 1910 – 1920: The End of Innocence 1910). A data chart released by Bureau of economic analysis points out that in the third quarter of 2011 the US economy showed a GDP annual increase of 2%, while in the second quarter the real GDP increase was 1.3%. Comparing the US economy of 1910-1920 with the present, it shows that the GDP rate has shown both an increasing as well as decreasing trend. The period of economic depression of 1930s witnessed a fall in GDP. Similarly the period between 1956-1960 also saw a decrease in the GDP. The 1980s also witnessed a fall in GDP. After that period the latest recession of 2007 has also brought an uncertain trend in the GDP of the US economy. World developments had also played a considerable influence on the US economy, especially the two world wars. Unemployment also experienced a very high increase in times, when the GDP was high. But during the periods of recession unemployment cropped up in high numbers. An increase in unemployment and an increase in inflation, especially of food products also had negative impact on the GDP of the nation. Even though there were employment opport ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Economic Comparison between Brazil and Argentina (Economic Development And Growth)
Furthermore, Brazil is five times larger in real GDP than Argentina. Economic indicators used include availability of natural resources, Gross Domestic Product (GDP), unemployment rates, budget, inflation rate, international trade, exchange rate regime, interest rates, sectors, country’s investment and energy.
8 Pages(2000 words)Term Paper
A Comparison of Student Achievement in Literacy for Students of Low Socio-Economic Status and their Participation in a Pre-Kindergarten Program
Statement of the Problem Elements A Comparison of Student Achievement in Literacy for Students of Low Socio-Economic Status and their Participation in a Pre-Kindergarten Program Topic The educational system has been portrayed as a scheme that tries to ensure fairness in its delivery regardless of the status or socio-economic background of students (Wai-Yum, 2003).
3 Pages(750 words)Research Paper
Expansionary Economic Policy
The proponents of this view also dispute that cutting costs in comparison to raising taxes would play out as a more effective method of heightening the economic development and in the least reduce misinterpreted contractions. The above arguments in most instances refer to the recent empirical studies of deficit decrease across nations around the world.
5 Pages(1250 words)Research Paper
Financial and economic comparison between Qatar and the United kingdom
Nominal GDP ($US) Real GDP (US$) Year Qatar UK Qatar UK 2000 17,759,889,598 1,475,705,855,651 17,759,889,598 1,465,447,721,600 2001 17,538,461,033 1,468,026,486,253 18,345,670,537 1,444,907,958,910 2002 19,363,735,706 1,601,617,206,235 18,781,508,929 1,565,608,217,239 2003 23,533,790,531 1,855,666,938,776 20,045,818,170 1,810,406,769,538 2004 31,675,273,812 2,196,860,009,521 28,433,818,503 2,141,189,093,100 2005 43,040,108,650 2,295,844,712,163 34,077,679,058 2,242,035,851,722 2006 60,496,701,553 2,452,969,436,251 51,052,068,821 2,383,838,130,467 2007 79,546,975,729 2,825,526,440,057 71,406,620,942 2,764,702,974,615 2008 115,019,776,905 2,648,935,779,074 93,664,313,441 2,571,782,309,781 2009
8 Pages(2000 words)Research Paper
Globalization. Globalization In Economic
Globalization is a widely discussed topic in the contemporary world. It is a term that gained popularity in the 1980s and refers to the increased mobility of people and goods across national and international borders that result to improved cohesion across the globe (Lynch 7).
5 Pages(1250 words)Research Paper
Technological Change and Economic Growth
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.
6 Pages(1500 words)Research Paper
Economic Comparison of China and USA Performance
This paper primarily focuses on comparison of various major economic factors, that characterizes development patterns in China and the United States. These economic factors identified for comparison include labor force, household income, poverty line, unemployment, currency exchange rates, GDP per capita, exports, GDP, imports and others.
5 Pages(1250 words)Research Paper
Comparison and Analysis
It is also the study of physiological and neurobiological processes that influence certain cognitions, emotions, brain functioning, personality, behavior and interpersonal relationships. Psychology seeks to understand and explain how people think, act and feel with an aim of improving peoples’ lives by enhancing their performance, productivity, self-determination and motivation.
5 Pages(1250 words)Research Paper
Financial Review and Comparison
In addition to this it was also recommended that the investment should be made in the Coca-Cola Company because of its better liquidity and profitability
5 Pages(1250 words)Research Paper
Economic
The top ten ranked countries with the AAA ratings include Australia, Denmark, Canada, Germany, Singapore, Finland, Luxembourg, Switzerland, Sweden and Norway
3 Pages(750 words)Research Paper
Let us find you another Research Paper on topic Economic comparison for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us