Question

Explain the modern economic issues that motivated Gavin Wright to study the causes of American Industrial...

Explain the modern economic issues that motivated Gavin Wright to study the causes of American Industrial Success.

Homework Answers

Answer #1

American industrial growth rate was very high when Gavin Wright conducted study to know the causes of American Industrial success. following were causes:

  • Growth rate of industrial sector was high.
  • there were innovations.
  • Existing literature and studies were not sufficient to explain industrial success.

Hence, study reached conclusion that major success of industrial sector could be attributed to availability of natural resources; innovations and high demand for industrial products in international market.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Please explain the American economic progress and wealth. Explain how American money and banking in the...
Please explain the American economic progress and wealth. Explain how American money and banking in the developing economy? Thanks
What made the American Civil War the first modern war? Explain your reasoning.
What made the American Civil War the first modern war? Explain your reasoning.
1. explain with examples three main benefits of economic growth. 2. mention and explain causes of...
1. explain with examples three main benefits of economic growth. 2. mention and explain causes of economic growth. site references
According to Chapter 9 of American Government, what is party polarization? Explain three causes of polarization....
According to Chapter 9 of American Government, what is party polarization? Explain three causes of polarization. In your own life (watching or reading the news, talking with friends/family, etc.), do you see polarization increasing or decreasing? Explain and use examples to demonstrate your point.
Do you believe that China is contributing to American economic problems? Explain using relevant trade theories....
Do you believe that China is contributing to American economic problems? Explain using relevant trade theories. PLEASE NO ANSWERS FROM OTHERS
explain the relevance between research plan (rural electrification with micro grid) and the socio-economic development issues...
explain the relevance between research plan (rural electrification with micro grid) and the socio-economic development issues in Myanmar. And the applicability of research results to Myanmar.
A Princeton University study argues that "the preferences of average American appear to have only a...
A Princeton University study argues that "the preferences of average American appear to have only a minuscule, near zero, statistically non-significant impact upon public policy." If that is indeed the case, can we still say that we have strong political institutions in the United States? Does this case pose a threat to our future economic growth? Explain in 200 words.
After reading a demographic study on the habits and modern lifestyles of the American public, TI...
After reading a demographic study on the habits and modern lifestyles of the American public, TI Inc. decided   launching a new product, Gizmo ™. TI’s CEO has asked you to determine whether or not to go ahead with the introduction of a new product. You have the following information: TI’s business plan is based on estimates provided by Hanover Consulting two months ago. Truman has to pay consulting fee of $60,000 for this service. TI pre-paid $100,000 JCH Marketing for...
Economists in the field of industrial organization study how a. central banking policies affect financial markets....
Economists in the field of industrial organization study how a. central banking policies affect financial markets. b. firms’ demand for labor and individuals’ supply of labor affect resource markets. c. firms’ decisions about prices and quantities depend on market conditions. d. externalities and public goods affect the environment. Suppose that Company A's railroad cars pass through Farmer B's corn fields. The railroad causes an externality to the farmer because the railroad cars emit sparks that cause $1,200 in damage to...
Economic inequality is a huge issue. A recent study found that the world’s 80 wealthiest individuals...
Economic inequality is a huge issue. A recent study found that the world’s 80 wealthiest individuals own as much as the entire world’s poorest 3.5 billion people. The richest 1 percent of the world’s population control half of the world’s total wealth. Many individuals, corporations, charities, and government agencies have projects and programs in place to attempt to tackle this and other important global issues such as sustainability, but there are many opportunities to do more. A grassroots group of...