East Asia was known for gold, jewels, and spices. that is Correct MarleneNorals.
Answer:
Causes of stagflation in 1970:
1. The increase of oil prices and consequent increase of gasoline prices this phenomenon is known as cost push inflation.
2. Higher level of unemployment
Explanation:
Stagflation is the lethargic economic growth, depicted in factors such as high unemployment, happening while there are high rates of inflation in a given economy.
In 1970 the United States economy experienced stagflation because the oil prices reached historical high prices increases the cost of gasoline as well. As oil is the main raw material for producing gasoline the increase of oil prices caused a cost push inflation.
Usually economist believed that inflation was desirable as it was caused by the increase of demand, which mean that employment was being generated and therefore the need for consuming more goods and services was a logical explanation of the increase in demand. However, during the 70's this increase was the result of an externality (the increase of oil prices). At the same time the levels of unemployment rose in that decade creating the stagflation of the United States Economy.
1. to spread christianity
2. they thought that they could become wealthy
Answer:
The Fertile Crescent is a rich food-growing area in a part of the world where most of the land is too dry for farming. The muddy, swampy land between the Tigris and the Euphrates rivers provided the natural resources that encouraged people to settle in one place.
Explanation:
Answer: Presented ideas that challenged existing power structures.
Explanation:
In domestic politics, Roosevelt worked to suppress the monopolies and power of capitalist oligarchs. He dealt with this occurrence in the United States railways, as well as with the monopolistic policy pursued by Standard Oil.
These economic giants had a strong influence on the American public as well as the political elite. In these circumstances, Roosevelt comes into conflict with members of his own Republican Party.
