What problem initially slowed industrial progress in the USA? (around period of Industrial Revolution)?
I think it may be the relationship between Britain and the USA, but I'm not sure... This question refers to the period in and around the Industrial Revolution.
Answer:
I thought perhaps it was the need for more infrastructure to support the high growth rate. Did we have enough roads, bridges, rail, airports, communication technology, etc. I understand India is going thru this same problem now. They have rapid growth but the infrastructure can't support continued growth and thus future growth is threatened.
More Questions and Answers:
If a country today had a GDP of 950 trillion, what would that mean?
All the money in one counrty.?
What is disadvantage of Globalisation?
Which are the present big dollars of usa?
how india's poor condition can be uplifted?
The Risk Structure of Interest Rates?
Uncle Milty Friedman has passed. Did his economic theories make sense to you?
Why do you think that china is going to experience the greates economic growth in the next ten years?
U R employed by the World Bank you have been asked to research the needs of a country with a particular econ?
Answer:
I thought perhaps it was the need for more infrastructure to support the high growth rate. Did we have enough roads, bridges, rail, airports, communication technology, etc. I understand India is going thru this same problem now. They have rapid growth but the infrastructure can't support continued growth and thus future growth is threatened.
More Questions and Answers: