The oil boom in Texas brought about dramatic changes in the economy during the period of late 1800s and early 1900s.
Explanation:
- The oil boom of which was also called gusher age brought about several economic changes.
- The discovery of huge oil reserves bought rapid industrialization, with the turn of century urbanization was seen with new corporations and new infrastructures being built to keep pace with the ushering oil business.
- After the end of World War 2, the state was industrialized, amongst which Houston was the one to be most benefited in this boom, having the largest reserves of natural oil. This period brought significant changes in the commercial makeover of Texas.
- During the end of 18th centuy and beginning of early 19th century, started with the Oil era in Texas, having opened the first oil field in Corsicana in 1894
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The most prominent Native American leader in the original area of English settlement in Virginia was Powhattan, who was originally welcoming to the new settlers, but then ran out of patience.
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Answer:
Civil Service Act
competitive examinations
Explanation:
The Civil Service Act of 1883 presents the federal vision to guarantee federal jobs on the basis of merit. This act has replaced the spoil system in which the job of federal employees were depending on the loyalty towards the political party. A new system of competitive exam ensured that jobs of federal employees no more depend on the political leaders.
Command economy advantages include low levels of inequality and unemployment and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency
While there are several advantages to a traditional economy, these economies are not without their disadvantages. Because these economies rely on hunting, fishing, gathering, and the land in the form of farming, when the weather changes, the economy becomes jeopardized
A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims. According to neoclassical theory, mixed economies are less efficient than pure free markets, but proponents of government interventions argue that the base conditions such as equal information and rational market participants cannot be achieved in practical application.
