ECON 2200 Study Guide - Comprehensive Final Exam Guide - Deflation, Money Supply, Recession
20 Nov 2018
School
Department
Course
Professor
Document Summary
The rise of big business (1865-1920: a period of rapid & significant industrial growth, recall change in relative positions of agric & manufacturing, note growth in labor force v. growth in output, labor force expansion (1860 & 1910) Agriculture grew by 2. 0, which means it doubled. Railroads is at the top, grew by 23. Manufacturing grew by 5. 4 (total manufacturing: output expansion (1860 & 1910) Coal grew by 46. 1 (shows use of coal for energy source) Linked to steel, because it was used to heat: labor force increase in agriculture 2. 0, but output expansion was 3. 7. Top ten industries 1860 & 1910: note magnitude of va by manufacturing, figures in 17. 3 are in millions of nominal dollars meaning they are not adjusted for inflation/deflation. People not only want to travel now (rr), but want ideas travel through publishing: change in transportation, exit of carriages & wagons; entry of railroad cars, lumber stays at #2.
