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pogonyaev
3 years ago
15

How did increased productivity during the period of industrialization impact the actions of consumers, producers, and the govern

ment?
History
1 answer:
poizon [28]3 years ago
4 0

Answer:

- It make the product cheaper for the consumers

- It increase the amount of income for the producers

- It increase the amount of tax given to the government.

Explanation:

- For consumer:  Cheaper products

As productivity increase, the amount of capital needed to produce a product become lower. As a result, the companies could sell their products to the consumers with lower price but still maintaining the same profit margin.

- For producers: More income

Increase in productivity also led to an increase in sales. During the industrialization period, a the producers managed to accumulate an absurd amount of wealth from the sales of their product.

- For government: More tax

The amount of tax income that the government take is based on the percentage of net income that the producers generate. The more producer get from their sales, the more taxes that the government can take.

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1718- Jean Baptist Le Moyne, “Bienville,” founded New Orleans along the Mississippi River. This trade-friendly location later became the capitol of the French colony of Louisiana and shaped the future of the United States.

1762- France gives Louisiana to Spain.

1795-98 Spain signed a three year treaty granting Americans the right to freely navigate the Mississippi River and the right to deposit goods in the Port of New Orleans. After the treaty expired, Spain refused to allow American vessels to enter the Port of New Orleans.

1798- Americans in the Ohio Basin claimed they couldn’t survive without the use of the Mississippi River. President Thomas Jefferson suggests purchasing New Orleans from Spain, which had secretly given Louisiana back to France.

1803- The U.S. buys the entire colony of Louisiana from France for $15 million. The Louisiana Purchase doubled the U.S. in size, all due to the need for the Port of New Orleans.

1862- One year after the American Civil War began, Union forces captured New Orleans and closed the port to the Confederate Army, cutting off a main source of supplies and money.

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1896- The Board of Commissioners of the Port of New Orleans was created by the Louisiana Legislature to administer to public wharfs and regulate trade and traffic. A. Robert Bleakley became the first president.

1903-1940 - Eighteen new wharves were built, the Public Grain Elevator began operation, and the Inner Harbor Navigation Canal that linked the Mississippi with Lake Pontchartrain was completed.

1968 - The Port opened a trade exhibition center called The Rivergate, which helped bring conventions to New Orleans and served as a precursor to the Ernest N. Morial Convention Center.

1973 - the Port dedicated its first terminal designed specifically for handling containers, France Road Terminal, Berth #1.

1984 - The 1984 World’s Fair was held in New Orleans. The Fair was located along the riverfront and led to the development of the Riverwalk Marketplace and the Port’s modern cruise facilities.

1990- The Aquarium of the Americas and Woldenberg Park were opened on the former site of Bienville Street Wharf and other French Quarter area wharves.

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2006- The Erato Street Cruise Terminal and Parking Garage opened.
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