Answer:
The Gold Rush significantly influenced the history of California and the United States. It created a lasting impact by propelling significant industrial and agricultural development and helped shape the course of California's development by spurring its economic growth and facilitating its transition to statehood
Explanation:
The intersection between the supply curve (an upward sloping function) and the demand curve (a downwardsloping function) determines the equilibrium point of a market. The equilibrium is the point which represents the exact market price and quantity demanded/supplied at which the wishes of consumers and suppliers meet.
<u>When the market is not in the equilibrium point</u>, two different situations could be happening:
- Excess demand: this is a situation in which the market price is located below the equilibrium price. The quantity demanded at that market price would exceed the amount that the producers are willing to produce and supply at that same price. Therefore, not all consumers are able to obtain the product they desire and there is rationing.
- Excess supply: at a certain price located above the equilibrium, the quantity that suppliers are willing to produce exceeds the amount demanded by consumers at that more expensive price. Therefore, suppliers would not be able to sell their whole production in the market.
Sales tax. It's a tax that you have to pay when you buy something.
Hope this helps :)
Answer:
Although historians disagree about the extent of the social and material damage caused by the 9th- and 10th-century invasions, they agree that demographic growth began during the 10th century and perhaps earlier. They have also identified signs of the reorganization of lordship and agricultural labour, a process in which members of an order of experienced and determined warriors concentrated control of land in their own hands and coerced a largely free peasantry into subjection. Thus did the idea of the three orders of society—those who fight, those who pray, and those who labour—come into use to describe the results of the ascendancy of the landholding aristocracy and its clerical partners. In cooperation with bishops and ecclesiastical establishments, particularly great monastic foundations such as Cluny (established 910), the nobility of the late 11th and 12th centuries reorganized the agrarian landscape and rural society of western Europe and made it the base of urbanization, which was also well under way in the 11th century.
