There were lots of foreign changes that presented challenges for the US. I'll give you a few examples from different time periods. First would be when England wanted to tax the Americans in the Revolutionary period. They did this to try and restrict America's freedom. Another example would be that Russia had spies during the cold war period. This was to gain intelligence of the US war plans. Also when Germany sent the Zimmerman Telegram to Mexico during the WWII period. This was to get Mexico to launch a surprise attack on the US.
Answer:
Russia was different from western Europe in many ways.
Explanation:
Russia has stayed isolated from western Europe for many years. Its economy based on agriculture wherein, western Europe engaged in different occupations like trade, guilds, builders, etc. The religion was different from the Europeans, as Russians were known for Orthodox Christian and western Europe as Roman Catholic. Russia ruled by Czars for centuries, and western Europe ruled by different dynasties.
Answer:
Carnegie was able to monopolize the steel industry from 1889 to around 1901 when he sold his business to J.P. Morgan, the U.S.'s most prominent banker. John D. Rockefeller founded the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust.
Explanation:
You asked, I answered.
Hope this helped! :)
A significant factor was the general recession in the years following the 2007 housing bubble popping. People lost jobs, were struggling to pay bills, and naturally it was not an ideal time to purchase a vehicle.
Another significant factor was the surge in oil prices that came with the economic crisis, and the increased costs that automobile manufacturers faced due to the credit crunch that also came with the crisis. Since a lot of US manufacturers at the time were selling big SUV's, such as Hummers, as their most profitable products, the steep fall in demand hurt the industry immensely. At the time, US auto manufactures didn't offer many fuel-efficient, inexpensive alternatives to choose from.
The government chose to bail out major US automotive companies, providing large loans in order to help them stay solvent and keep their stock price from tanking. The results were generally positive. Big auto-manufacturers, apart from a couple mergers, survived and were given time to adapt the new market for fuel-efficient, less expensive vehicles.
I would tell the Michigan Economic Council to adapt ahead and to urge companies to diversify their product line. A major factor that automotive manufacturers can definitely take the blame for is their over-reliance on the sales of expensive SUV's, when oil prices and general market trends suggested that the future was not with these vehicles.
