<u>London Underground Railway was a huge success because of the following reasons I'm telling you ---</u>
1. The <u>population</u> of London <u>increased</u> dramatically because many people migrated from villages to the city in search of work.
2. People of the city were <u>accommodated outside the city</u> in family cottages, while the <u>industrial places</u> where they worked were <u>located on the inside</u> of London.
3. Some form of transport was needed so that people could commute from home to work and back home, and the Underground Railway helped in that a lot, because it was the only mode of transport which <u>carried a large number of people in a short span of time</u>.
4. Although the railway was discouraged earlier because people complained of suffocation, it became a huge success because it was <u>the only way of connecting their homes with their workplace</u>.
Hope I helped!
If there is anything more you want to ask related to this, just comment here I will be glad to help! :)
Look at the chart that I have attached. The low point was between 55 or 60 to 381. When you look at something like Bitcoin, that doesn't look like it was very much, but there are two things that you really have to keep in mind.
1. Most people had only about 10% of the price of the stock covered. What that means is that if a stock cost 100 dollars, most people had only 10 dollars holding it down. The rest was put up by the bank. The market was doing such crazy things that I don't even think the banks checked into your credit. The stock was holding down what you owed. The bank only got its share when you sold. Preposterous!!! It sure was.
2. The second thing is that the numbers I've given you were the Dow Jones Industrial Average. That's the cream of the cream on the NY stock exchange. Who knows what was going on with companies that were not that big. They were what the economic writers would have called "Good Speculations," which translated into "go mortgage your house, sell your furniture, back up the truck (and then sell it too) and buy xzy. You'll never be broke again."
That by the way is why bitcoin and all its relatives is so dangerous.
The greatest change in the West that was brought about by railroad expansion was a drastically increased population size, since people could now claim land and travel far more easily.
"<span>When did Commodore Matthew Perry of the U.S. Navy "open" Japan to U.S. trade?"
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B. 1853