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

Why study of Economy hsitory is important and why it has privilages U.S.Social or International history - Essay Example

Cite this document
Summary
It encompasses issues that look at the past events and scenarios with the hope of explaining the present day facts and occurrences. A…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.2% of users find it useful

Extract of sample "Why study of Economy hsitory is important and why it has privilages U.S.Social or International history"

Study of economy history The history of the economy is considered an important branch of the economic analysis at both the education level and the real world environment. It encompasses issues that look at the past events and scenarios with the hope of explaining the present day facts and occurrences. A study of the economic history is critical because economy as a subject is a process that is historical in time. It is next to impossible for any individual to try to understand any economic phenomena including the present day ones without the rich knowledge and background of historical facts and experiences.

In addition, the lack of experience has led to fundamental errors and omissions caused in the present times. Furthermore, the study of economy history is important as it allows the students to understand how the economic and the non-economic facts are related to one another. In summary, the importance of economy history study is that it is an excellent economic foundation and base for those who study it.Economic history has significant privileges in the U.S International History. It provides modern day students and scholars with a background of understanding the economic events that have shaped the U.S. history.

For instance, the modern economic student cannot explain the 2008-2009 economic crisis without intimate understanding of the Great economic depression that occurred in 1929. Nevertheless, economic history addresses the gains the U.S economy contributed to the world. For example, the innovations in transport that included the steam engine revolutionized the movement of goods and people. Fast, efficient and easy movement of goods by railroad bolstered trade not only domestically but also internationally (Cameron and Neal, 35-50).

Works CitedCameron, Rondo and Larry Neal. A Concise Economic History of the World. UK: Oxford University Press, 2013. Print.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Why study of Economy hsitory is important and why it has privilages Essay”, n.d.)
Why study of Economy hsitory is important and why it has privilages Essay. Retrieved from https://studentshare.org/history/1670112-why-study-of-economy-hsitory-is-important-and-why-it-has-privilages-ussocial-or-international-history
(Why Study of Economy Hsitory Is Important and Why It Has Privilages Essay)
Why Study of Economy Hsitory Is Important and Why It Has Privilages Essay. https://studentshare.org/history/1670112-why-study-of-economy-hsitory-is-important-and-why-it-has-privilages-ussocial-or-international-history.
“Why Study of Economy Hsitory Is Important and Why It Has Privilages Essay”, n.d. https://studentshare.org/history/1670112-why-study-of-economy-hsitory-is-important-and-why-it-has-privilages-ussocial-or-international-history.
  • Cited: 0 times

CHECK THESE SAMPLES OF Why study of Economy hsitory is important and why it has privilages U.S.Social or International history

Work Product Privilege

Analysis The Court of Appeals held that the trial court did not abuse its discretion in compelling the discovery of the accident report, the social security number of the driver and the non-privileged documents Howell reviewed with Lawrimore while preparing for his deposition.... The paper 'Work Product Privilege' presents Mary E....
1 Pages (250 words) Case Study

Elecdyne`s Business Strategy and History in Japanese Marketplace

The paper "Elecdyne's Business Strategy and history in Japanese Marketplace" states that cost minimization was found to be a core competency of Elecdyne.... Some of the most important factors that Elecdyne should consider are cost minimization and profit maximization with respect to internationalization in a country leading to improvement in profits and sales revenue (Hurn, 2009).... Besides these, political and economic factors are also very important as Elecdyne should not be taking too many risks....
10 Pages (2500 words) Case Study

Issues of International Development: Africa Success Story at Risk

Botswana is a stable democracy since independence in 1966, it has topped the word fasted growing economy since 1965.... Member of South African development community and serves as the headquarters of the regional organisation that has a market of 200 million people, it has invested highly of its budget in education and skill training, they have acceded the international conventions and strictly observed the internationally accepted guidelines and on combating money laundry (Todaro and Smith, 2015)....
3 Pages (750 words) Case Study

The History of Egypt

The paper "The history of Egypt" presents that the Egyptian civilization is one of the ancient-most civilizations of the world at large along with Chinese, Babylonian, Iranian, and Indian cultures and civilizations.... Shaw had compiled a magnificent composition under the title “Oxford history of Ancient Egypt” that throws light on the culture, norms, mores, politics, and society of pre-historic Egypt.... Shaw seeks support from the archaeological sources in order to discover the ancient history and refers to the knowledge of the prehistoric language carved on the ancient Egyptian stela, as the method to peep into the history, culture, and traditions of the First Dynasty to great extent....
6 Pages (1500 words) Case Study

Political and Social History

The paper "Political and Social history" presents that one decade after the devastating World War II, Germany underwent significant transformations even though it had suffered staggering defeats against its enemies.... In the 1950s, two faces of Germany surfaced which became the military cronies....
8 Pages (2000 words) Case Study

Global Trends For The Reform Of Schools

The paper "Global Trends For The Reform Of Schools" focuses on the examination of the importance of the history of British education for the policies applied currently.... It is proved that a strong relationship exists between the history of the country's education and current educational policies – and reforms; the changes in the country's political systems have also affected the development of British education.... Current paper focused on the examination of the importance of the history of British education for the policies applied currently in the particular sector; emphasis is given on the impact of governmental decisions on the specific sector – reference is made to the political events of the 1960s and 1970s – change from labor government to a conservative government....
11 Pages (2750 words) Case Study

History of the Trumpet

This paper will explore the evolution of this instrument as well as how it has changed in time with sound, function, social and cultural status and uses within society.... This paper "history of the Trumpet" focuses on the fact that the topic is not only important in defining the way in which the changes have been made with the shape and size of the instrument.... There is also a direct relationship to the cultural and social implications of the trumpet and how it links to the use of the trumpet....
13 Pages (3250 words) Case Study

The Africas Economy and Internatoinal Financial Markets

With the emergence of eighteen stock exchanges by the international monetary organizations, the financial environment has taken a complete swing.... The countries in Africa have been provided with immense guidance from the financial expert bodies such as the IFC (international Finance Corporation) and the World Bank.... Africa in some ways is not linked to many other international capital markets which instead of being a disadvantage turned to be an advantage, as such kind of autonomy and self-reliance have attracted numerous international investors who want to take minimum risks especially in those times when the developed economies face the maximum brunt of financial shocks or crisis (Kibuthu 2005)....
8 Pages (2000 words) Case Study
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.
Contact Us