In the early 1900's , a company often provided a company town, a place where the worker could live in the near working location ( usually like a mining location)
The workers usually were lured by the promise of high wage.
But here's the thing, in company town, a source of living usually can only obtained in a company store, and the cost is really high.
So instead of getting a high wage, the workers trapped in huge debt to the company, creating some sort of slavery that they have to work to pay off their debt to the company
Techincally, the company could easily bring those workers to the court ( even though is very cruel, they obtain the debt in a 'legal' way), so basically workers cant do a thing
Answer:
You can argue both ways, but here are a few reasons for each:
Benefit:
- Introduced foreign crops and animals that hadn't been previously existing
- Sparked an economy and trading routes between Europe and the Americas
- Because of the introduction of cash crops to the Americans, the American agricultural industry was becoming a big part of the economy
Became a detriment:
- Alongside the crops and animals being brought over, many diseases traveled and made their way into America, killing a generous amount of people
- Malaria was one of the major diseases brought over
- The Colombian Exchange was also bringing settlers into the Americas which pushed out the preexisting Native settlers; this led to many major conflicts down the road
Answer:
Because nobody up there has any sense to act right.
Explanation:
Answer: See explanation
Explanation:
Voluntary exchange is simply referred to as an act whereby both the buyers and the sellers can engage in transactions in the market freely.
Voluntary exchange is a fundamental assumption made by neoclassical economics which forms the basis of contemporary mainstream economics.
According to the principle, people act based on their interest. In a scenario whereby the individuals believe that they will not gain from a particular transaction, they won't engage in such.
very powerful quote, thanks for sharing
