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dimulka [17.4K]
3 years ago
15

Which factor led to the economic division described by henry george?

History
1 answer:
asambeis [7]3 years ago
8 0
The correct answer is rapid industrialization

Those who had the wealth to enter the business got even more wealthy because they could exploit a system that wasn't yet monitored or regulated because it was new. Those who were simple workers became even poorer because their labor was being exploited by monopolies and cartels made by the wealthy businessmen.
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Identify the strength of the union and the confederacy
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Union: Industrial power, established government, and established military. Also bigger population

Confederacy: Agricultural power, Better generals, European support

Explanation:

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Who completed China's grand canal?
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After the passage of the Indian Citizenship Act of 1924, American Indians
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Read 2 more answers
Think about Laissez-Faire policies. Do you think the owners of these factories would like them? Why or why not?
julsineya [31]

As I understand it, Laissez-faire ideology maintains that the "free market" is the best way to determine what businesses can and should do. This means that businesses, in competition with one another, should be free to determine their paths free from any government rules or regulations. The belief is that the competition among various businesses will ultimately result in the best outcomes for society in general - Adam Smith's "invisible hand". As part of this philosophy, workers should also be free to compete with each other and choose to work wherever they wish and this process will also result in the best results for the workers as well.

However, isn't there a huge assumption in this philosophy? Doesn't the whole justification of this belief depends on the condition that there is perfect competition and that any company and any worker have the equal ability to compete with one another?

What if there is no perfect competition? What if some companies have advantages - due to any of a whole array of reasons - that place them in a non-competitive position vis a vis their competitors? Without perfect competition then other companies are not necessarily able to compete with other companies that have certain advantages. If such a situation exists, then advantaged companies may have the ability to pursue a course that results in their private benefit, but not necessarily to the benefit of society as a whole. The same would apply to workers in that reduced competition among companies would result in decreased leverage for potential employees.

To recap, if the Laissez-faire ideology maintains the best economic policy for society as a whole, and it depends on there being perfect competition on an ongoing basis with minimal government intervention, doesn't it fall apart if there is less than the perfect competition?

5 0
2 years ago
HELP ASAP
ioda
Dear Grand Daughter

I don't know if I will still be there when you get a chance to read this letter.
Things must have changed a lot by the time you read this.

I am an old man already, and belong to a different time. In our era, large and extended families loved together and loved each other. However, I already see large families breaking up and everyone being very individualistic, something I detest.

However, I have seen some amazing changes take place in front of me. I saw the development and growth of Radio, Telephone, Airplanes, Movies and TV! And I can't imagine the things you would see in your time.

Just remember one thing my love, change is the only constant in life. Never feel bad about it! Embrace it and you will be successful, if you avoid it, you will only Perish

I hope you find this letter in a time and place where you feel the happiest and I only wish the best for you
Yours truly
Your Grand dad

4 0
3 years ago
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