Globalization or globalisation is the process of interaction and integration among people, companies, and governments worldwide. As a complex and multifaceted phenomenon, globalization is considered by some as a form of capitalist expansion which entails the integration of local and national economies into a global, unregulated market economy.[1] Globalization has grown due to advances in transportation and communication technology. With the increased global interactions comes the growth of international trade, ideas, and culture. Globalization is primarily an economic process of interaction and integration that's associated with social and cultural aspects. However, conflicts and diplomacy are also large parts of the history of globalization, and modern globalization.
Economically, globalization involves goods, services, the economic resources of capital, technology, and data.[2][3] Also, the expansions of global markets liberalize the economic activities of the exchange of goods and funds. Removal of cross-border trade barriers has made formation of global markets more feasible.[4] The steam locomotive, steamship, jet engine, and container ships are some of the advances in the means of transport while the rise of the telegraph and its modern offspring, the Internet and mobile phones show development in telecommunications infrastructure. All of these improvements have been major factors in globalization and have generated further interdependence of economic and cultural activities around the globe.[5][6][7]
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The American Civil Liberties Union (ACLU) hired Clarence Darrow to represent John T Scopes.
The Scopes Trial was a famous case during the 1920's that involved whether or not the theory of evolution should be taught in school. This case was focused around the idea of how do religion and science mesh in the public school setting. The ACLU hired Darrow for this case due to his incredible background and success as a defense attorney in the US.
Answer:
Inflation rose to 10%
Explanation:
The Roaring Twenties was a period of economic boom and prosperity in the United States of America and Europe. This was just after the World War I that ended in 1918.
An indicator of prosperity in the 1920s includes the following;
I. Unemployment was 3.7: an unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The lower the rate of unemployment, the higher the employed rate and vice-versa.
II. Wages was up: this simply means that the minimum amount of money (wages) received by the employees increased.
III. GDP rose: Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.
Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.
However, an inflation can be defined as the persistent general rise in the price of goods and services in an economy at a specific period of time.
This ultimately implies that, inflation can never be an indication of prosperity in any country's economy.
