In turn, the railroads had a great impact on the steel industry. ... The rapid rise of the steel and railroad industries between the end of the Civil War and the early 1900s spurred the growth of other big businesses, especially in the oil, financial, and manufacturing sectors of the economy.
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Answer:
similarities: Both countries have immense natural resources and environmental diversity. Together with their military power, size makes both Russia and the U.S. hard to ignore in political alliances; it is not news that both countries are core states in their regional alliances and will be for many years, although with challenges.
differences: Russia is not the country of the people; it is the country of the government. For example, American government cares about people and their health, so they let American people know what the situation in their country is. There for Russia is the exact opposite; they hide the information about the virus and unaware people don’t use any protection, so they get sick and a huge population of elderly people die.
The Zhou created the Mandate of Heaven: the idea that there could be only one legitimate ruler of China at a time, and that this ruler had the blessing of the gods. They used this Mandate to justify their overthrow of the Shang, and their subsequent rule
- Country A produces a certain good in abundance and sells it at a cheaper rate to other countries - comparative advantage.
- Country B produces a good with a lower opportunity cost than another good - specialization in trade.
- Country A has superior resources to produce a good more efficiently - absolute advantage.
- Countries A and B have a free flow of labor across their borders - assumption in trade.
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What is Trade?</h3>
This is defined as the buying and selling of goods and services in which the seller is compensated by the buyer.
The trade terminologies and their appropriate descriptions can be seen written above.
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