As a result of NATO .. the Soviet Union created the Warsaw Pact . In result this could have led to the Cold War
A change in supply that is to the right or downward will cause the equilibrium quantity to increase and the equilibrium price to decrease.
Given that the supply curve is often upward sloping in the case of a shifting demand curve, an upward or rightward change in the demand curve will result in a higher equilibrium price and equilibrium quantity.
Similarly, a shift in the demand curve to the left or downward will typically provide a lower equilibrium price and a smaller equilibrium quantity.
Depending on how the supply curve is shaped, a movement in the demand curve may cause a higher absolute change in the equilibrium price or quantity. The equilibrium quantity will fluctuate primarily if the supply curve is relatively flat or elastic.
To learn more about the Demand curve refer to:
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Im just gonna summarize the Industrial Revolution for you. Like the main idea and hopefully you can come up with a writing of your own using the information provided!! <3
So the Industrial Revolution started from 1760-1820!
That’s a huge time span!
The transition changed from hand production methods to new chemical manufacturing and iron production processes. ( period time about 1760 between 1820-1840 )
So basically hand making processes to machines doing a majority of the work!
Machines made things way faster and easier to produce their clothing! Which really helped in a time back then!
For example, the increasing use of steam power and water power.
The development of machine tools and the rise of their factory system.
The Industrial revolution was basically the development of technology through time back then.
And factories were very dangerous!
They had children working in them because they were the only ones who could fit! Many dropped out around the fourth grade to work in these factories. They worked for low pay and every once in a while a kid would loose a body part (mostly hands) in the machine. There were no medical services, so sometimes they would die of infection or bleeding out. It was really hot and there was no conditioning!!
This was all during the Great Depression.
-HOPE THIS HELPS! <33
