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Ethical Issues of the Economic Crisis
The economic crisis of 2008 was caused by economic factors, but ethical issues almost certainly made it worse. Low interest rates and rapid growth caused a housing bubble, which eventually burst, but...
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Economics in the Middle Colonies
In colonial America prior to the American Revolution, the economic system of the so-called Middle Colonies was heavily dependent on agriculture. However, urban centers were also home to various...
View ArticleWhat Happens in a Free Trade Area?
Regional trade agreements create economic integrations among countries. The purpose is to create discriminative commercial policy to reduce or eliminate trade barriers among member nations. There are...
View ArticleConsumer Economic Issues
Economic plans are normally aimed at improving the business environment, as this is what encourages the most growth for a country, but measuring consumer trends is vital in ensuring the economy is...
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The Pros and Cons of Immigration for the U.S. Economy
Immigration is a divisive and complex issue that affects millions of people and many institutions. Not only is immigration a social and political issue, but it also has many economic consequences. In...
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Formalist & Substantivist Approaches to Understanding Economic Systems
Both the formalist and substantivist approaches to economic theory study economics as part of human societies. Within such a framework, the formalist approach is to regard the individual as the basic...
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Factors That Influence the Level of Economic Activity
Economic activity can be seen as a circle, or a series of circles. A firm pays their employees, the employees spend money to buy products and services, the businesses that they buy products and...
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What Were the Warning Signals of Hurricane Andrew?
Hurricane Andrew was a weather system that reached category 4 strength in August 1992, becoming the most expensive natural disaster in economic terms in U.S. history to that point. The hurricane...
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What Are Crop Subsidies?
The U.S. government gives payments to agriculturists in order to stabilize food product prices, guarantee farmer incomes and improve agriculture's contribution in the economy. This payment by the...
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Negative Effects of Gold Mining
Gold is a precious metal used around the world in jewelry, electronics and even dentistry. Extraction of gold requires mining for it beneath the Earth's surface. Mining for gold has some negative...
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Impacts of WWI on Economics
The First World War (1914-1918) cost the United States $32 billion, which was equivalent to 52 percent of the gross national product. Though American economics was greatly effected by the war, the...
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Fair Trade Issues
In addition to "natural" and "organic," you can add "fair trade" to the growing list of buzzwords that give you pause at the grocery store -- coming between you and your coffee, sugar, cocoa or tea....
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Economic Topics or Issues
Following the boom of the 1990s, the United States experienced a major economic downturn for much of the last decade. Important developments included the start of the housing crisis of 2007 and the...
View ArticleMarketing Tools for a Poor Economy
Keeping the economy strong is a vital duty of any government and there are a number of tools that can be used to achieve this. Economic trends are cyclical and an economy can start to falter or fail....
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Key Figures in Social Conflict Theories
Social conflict theory was developed by Karl Marx in the mid-1800's and expanded upon by many sociologists. It is a sociological way of explaining social hierarchy and society's view of the wealthy and...
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The Effects of the Environment on the Economic System
All economic systems are ultimately based on resources and their distribution. Because of this the environment always has a direct impact on the economy. From the weather and it's effect on crops, to...
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American Products Traded Since 1900
The United States once primarily exported agricultural products. Tobacco and cotton were major cash crops that our major trading partners in Europe could not produce themselves. By the early 1900s,...
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The Economic Impacts of the Oil & Gas Industry in Colorado
The gas and oil industry plays a significant role in Colorado's economy. In 2005, for instance, the industry contributed $22.9 billion in direct and indirect economic benefits in the state, according...
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Social Effects of the Buffalo Creek Flood
The 1972 Buffalo Creek Flood in West Virginia was the result of the failure of a dam constructed without permits by coal mining companies from the 1940s through the 1970s. The effects of the disaster...
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What Do People Use Rainforest Timbers For?
A rainforest is an area of land that is described as a tall, dense jungle. Rainforest timbers are logged in developing countries for a number of reasons, including export by multinational logging...
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