Thomas Hobbes left influence on political thought. He believed people were naturally selfish and evil. He also believed people should have equal rights and no one should have more power over anyone else.
The first wave of European immigrants to arrive to the United States in the nineteenth century came from D. northwestern Europe--mainly Dutch, German, Irish, etc.
The economic growth rates gives information on how fast the economy is growing,and is calculated by comparing the economic output (measured as the Gross Domestic Product or GDP) of two subsequent periods.
<u>The two main determinants of GDP/economic growth are:</u>
- Productivity increases caused by more efficient use of inputs (labor, capital) and implementation of innovation.
- Accumulation of physical capital
<u>Effects of economic growth</u>
- Larger amount of goods and services are available in the country and ready for consumption
- High employments levels, as workers are necessary to manufacture that large quantity of goods and services. As GDP has grown, so have done employment figures.
- More employment brings boosts on aggregate demand and generate further growth as business will keep on trying to serve the whole demand.
- As demand grows it is quite likely that prices do so too, therefore economic growth would increase the inflation rate (not necessarily a problem if such growth is not too large and remains stable).
- Productivity increases and implementation of innovations make national firms more efficient and competitive in the international markets.
They both believed in the Theory of Relativity. Also, the ideas of gravity as well as movement.
Hitler blames the Jewish people for Germany's problems, and with the help of other Nazis, triggers the Holocaust.
