The settlement house movement’s main objective was to
establish settlement house for the poor in urban areas. In this time, the middle-class volunteer settlement
workers will live in the area sharing knowledge and culture to alleviate the
poverty. This movement began in Britain in 1884 and in 1889, Jane Addams, and
Ellen Gates Starr founded the most famous settlement house in US.
A traditional economy is described.
A traditional economy is a system in which history traditions, customs and beliefs based in long lasting experience, drive economic choices and activities such as production or distribution. Traditional economies are based on subsistence activities: agriculture, animal husbandry, hunting, fishing, etc. Nowadays this system can be found in developing countries with emerging economies. Traditional economies are considered the starting point of all economies. At some moment, when certain conditions are met, development will be triggered, which means that there will be a transition from this kind of economy to a modern one.
