The pierce county growth article shows us an insight on how an economy can struggle and in the might long-term fail. An overpopulation of roadways is the main problem in the article. The county must find new ways to fix this problem before it becomes worst. There are many examples in the article that show what makes and breaks an economy. They pertain to scarce resources, characteristic of a market system and market equilibrium. Like any economy, the county wanted to grow and expand. They had hoped that using the land intended for farm purposes and rural use; for housing and business development would help them succeed this. By selling this land and incouraging growth they could increase their profits. Even though this seemed good in the present time, the county did not account for the spill-over of traffic on roadways. The county is now in demand for more roadways not for more buildings. In turn the scarce resources which were land and money for the county are diminishing. The land resource was not intended for development, so that resources is dwindling. That land could have been used to build more traffic routes but the resource is now gone. Along with the resource of the counties money to develop more roads. Pierce has said they did not want to slow down economic growth by developing roadways at the same time. This brings us to the next example of what an economy relies on. In the market system, the system america uses. It relies on a circular flow. This circular flow
This concludes that the idea of supply and demand still play an important role in our society. In areas such as Detroit, gas prices are cheaper because less individuals have access to cars. When we consider the prices of groceries, I believe that the prices are more expensive in Detroit because there is a lack of variety in stores. When you look at an area such as Troy, there are several different options for grocery stores. Individuals from the area can choose from several different options on where they want to grocery shop. Individuals do not have that luxury in this Detroit area, thus prices being higher on most items. Until the area surrounding the University is revitalized, citizens will continue to be hampered by the economic limitations presented to
Comparing the financial cost of the interstate with the cost of having to reallocate funding or stopping programs in an effort to decrease traffic congestion will create a greater economic downturn if not done in moderation as well as a decrease in confidence in lawmakers. The lawmakers will feel the decrease in confidence by citizens during elections. Unless the local government can generate and use other sources of revenue to continue highway improvement, the decision to remove the city’s funding is not practical.
Highways made a vast contribution on the geographic landscape of America in a multitude of ways. In the past, roads throughout the United States have been neglected since the rise of railroads. The only existing roads that were located outside the cities were farm-to-market roads, which were unpaved, poorly marked. During this time, specifically during the 1910s, automobiles were highly expensive and only bought by the rich. As time continued, automobiles prices began to decrease, which resulted in an increase the amount of cars bought. With a larger quantity of the population owning cars, highways had to be reconstructed. The rebuilding of highways affected the United States because it resulted in society’s ability to travel vast distances
However, after a few years into the project people began to see the consequences associated with building an interstate highways system. One of the major consequences people faced was the destruction of neighborhoods that were in the way of building the highways. People began to fight against the building of new roads and offer. For example people in big cities such as New York City, The District of Columbia and Baltimore stopped roadbuilder from destroying their homes and building through their neighborhoods. This caused some highway projects to just stop, causing a “road to nowhere” (Interstate Highway System
In this chapter, the author highlights the failing economy of Northeast Ohio. After the decline of the steel industry, the region lost tens of thousand of jobs and thousands of citizens moved out as a result. Although the region saw a slight boost in their economic growth, they were comparably slow to many other metropolitan areas in the country.
America had desired good roads all the way back in the 1800s. The federal government’s support of interstate roads can be traced back to the endorsement of the National Road by President Thomas Jefferson in 1808. This highway was to cross the Alleghany Mountains between Cumberland, Maryland and the Ohio River at Wheeling, Virginia. This road was to be a crushed stone surface that wagon wheels could travel on without their wheels creating ruts which they would get stuck in. Eventually the road extended from Baltimore, Maryland to Vandalia, Illinois. Americans lost interest in highways temporarily when railroads enabled people to travel quickly and cheaply across the country. The Good Roads Movement, a call for better roads, picked up after
To start off, people can build up an economy by many ways. For example in the passage America’s Key to Freedom it states “The steel and rubber industries went into high gear”, now that’s explain of how people make money or make a company or build up an economy. People have cars and cars need roads so roads had to build. In 1958 the Interstate High Act came to place. This act
In the Early 1960's, the creation of Interstate Highway Sytem which caused considerable changes to the communities, private properties and businesses because it required thousands of acres of land, which also led to the demolition of historical structures,
The creation of an effective Metro system will make certain road expansion plans unnecessary, which will help in saving a large part of the county budget. In other words, the money that the county and the city spend on the roads due to the traffic problems would go to important social programs, like health care and education.
The low growth rate of the population of Warren County shows that the county is at carrying-capacity. At a scientific standpoint, the low growth rate represents equal immigration and emigration of residents. Warren County is not growing economically or socially, so there is no influx of residents. In contrast, it is not declining which keeps residents in the area.
An article titled “Industry boom in Harrison County” written by the Marshall News Messenger describes how Harrison County, Texas’ industry has recently grown. Marshall Economic Development Corporation, further being acknowledged as MEDCO, has contributed to Harrison county’s industry growth by issuing incentive packages, and providing hospitality and quality service to local businesses as well as potential businesses. Due to new contracts and an incentive package from MEDCO, a local manufacturing company by the name of Woodlawn Manufacturing Ltd. has added new jobs to the Marshall area. Another local company by the name of General Cable has expanded and added more jobs to Harrison County, also made possible by an incentive package.
Industrialization has led to increased globalization and urbanization over the past 250 years. As urban populations around the world continue to grow, one wonders how that growth effects communities within these urban centers. While economic and population growth have become homogeneous as it regards to metropolitan areas being able to produce on a global scale; studies show that this phenomena contributes to and exacerbates displacement, economic inequality, and cultural/ethnic loss in effected communities. I will discuss how economic growth effects established communities, particularly two of the seventy-seven official communities in the City of Chicago. The narrative of the importance of economic growth and its positive contributions to
Counties were created to function as appendages of the state, but modernization and population growth have put pressures on counties
The three most important indicators of economic health are output, employment and inflation. Output is one of the indicators because if a country is producing more output, then less people would be unemployed which leads to a healthier economy. Employment contributes to the indication of economic health because when more people are employed then more output can be produced contributing to Gross State Product. Inflation is an indication because it determines how much real value is being lost(Graham). In this paper I will analytically discuss the economic health of Oregon by looking at its Gross State Product, unemployment and cost of living. Gross State Product(GSP) is the total dollar value of all final output produced within a state in a certain time period, usually one year (Schiller). The aspects that contribute to a state’s GSP are all private and public consumption, government spending, investment and exports minus imports that occur within the states borders. GDP reflects the valued added for products instead of the total value so that the GDP is accurate (“Gross Domestic Product”). Unemployment is the inability of the labor force to find work and this contributes to the health of the economy. The cost of living
some teenagers throw a brick through a baker’s window. The gathering crowd said what a shame, but soon focused on the silver lining: much helpful economic activity will be set in motion when the baker has the window replaced. The repairman has more income to spend on something else, and the seller of something else will have more income to spend on still something else, and so on until we have an expansion of economic activity that is some multiple of the initial repair job.