Essays on Economics

After California became a state in 1850, America wanted to find a way to link the East with the West. At the time, travelers only had three life-threatening choices in order to travel from East to West or vice versa, which included riding on horseback…

“I hear the Iron Horse make the hills echo with his snort like thunder, shaking the earth with his feet, and breathing fire and smoke through his nostrils.” -Henry David Thoreau The Transcontinental Railroad is one of the greatest American inventions of all time. From…

The new processes of steel refining and the inventions in the fields of communication and technology brought about a change in the business landscape in the 19th century. The exploitation of these technologies provided opportunities for tremendous growth. The business entrepreneurs, with their financial backing…

From 1875 to 1900 capitalists were praised by the richer class, being called “Captains of Industry,” but despised by the poorer class, being called “Robber Barons.” Capitalists post-civil war shaped a portion of our American industry that we know today. Throughout late 1800’s to early…

Big business, science, and technology help to promote industrial growth in many ways. First they all let industries increase their efficiency and production rate because on new inventions and advances in doing things. Some new inventions were the Spinning Jenny and Cotton Gin which both…

The idea that the captains of industry were villains is a very harsh tone to use for men who founded most modern technology. They were all great businessmen with great ideas on how to shape this growing country, into a place of industry. While they…

We are in the era of Globalisation, a process that facilitates the integration of all economic activity into a global market place (Guttal, 2007). One of the main tenets of globalisation therefore is the practice of free trade. Free trade is defined as the import…

Could you imagine a world without tourism? It is likely that the world would be stable especially for our economy. First of all, according to Wikipedia (2019), ‘tourism is travel for pleasure or business; also the theory and practice of touring, the business of attracting,…

Imagine receiving a thousand dollars in your bank account every month, for the rest of your life, regardless of your status or income, no questions asked, no work or payback required. – Impractical you say? Andrew Yang, a 2020’s presidential candidate is running for president…

Belgium is a country in Western Europe which is a sovereign state. Belgium is bordered by the Netherlands, Germany, Luxembourg, France and the North Sea. It has a total area of 30,528 square kilometers (11,787 sq mi). The capital and largest city of Belgium is…