At the beginning of World War II, France’s economy was similar to many other European countries also making efforts to recover and grow from the devastation of the First World War. However, one difference for France was the type of military strategy the government choose to invest in for the future. In the 1930s, the French administration invested huge sums of money into the defense budget. French leadership granted 3 billion francs for the construction of the Maginot Line. This was a significant amount of funding at the time and some experts estimate the actual cost after construction climbed to well over 7 billion francs. The construction effort was extensive and the design was intended to be sustainable in combat for long periods of …show more content…
Prior to May 1940, the combined French and British forces had almost one thousand more tanks than the Germans. There were several leaders within the French government, like Charles de Gaulle, who desperately desired to invest more of the French defense budget on increased tank manufacturing. The two most favored French battle tanks produced at the start of the war were the Char B and the Somua S35. Both of these tanks were relatively expensive to produce, with the Char B costing 1.5 million francs and the Somua S35 costing 982,000 francs each to produce. Both tanks were superior to the German Panzer, with the Char B being a heavily armored battle tank designed for an offensive role of advancing against prepared defenses and breaking through enemy lines. The Char B was favored by some of the leadership, but it was extremely expensive to produce and was considered an offensive tank, which was not considered well-suited to integrate into the France’s defensive based military strategy. The Somua S35 was also favored by some of the French leadership due its increased armor and powerful main gun and because it was nearly as fast as the Panzer on the battlefield. Deciding the best overall tank that would support France’s military strategy was major concern, with some preferring strong heavy battle tanks and
While the Germans had the upper hand in technology, this condition did have its drawbacks. This advanced weaponry was costly to manufacture, so the German Army could not afford to produce them in large quantities. On top of that, this new weaponry was also more difficult to repair and maintain, which reduced its efficiency even further (Stewart, 6).
After World War II, America experienced unprecedented economic success in the world because of its advanced capitalistic system, and its prosperity lasted for over three decades. Back then, the top American companies dominated the technological markets, so they made substantial profits. Because of less competition both at home and abroad, firms and employers can easily charge a price that covers all of its production cost. Thus, employers had no problems offering relatively high salary, wages, and other benefits to their employees. This is one of the main reasons that we had a strong middle-class at that time. However, we have a shrinking troubled middle class today. Many Americans are complaining about salary stagnation, reduced benefits, and rising inequality. All of these changes have everything to do with global economy. All firms are facing fierce competition now, especially after China and India are becoming more open to the world market since last decade. As
The Battle of the Marne, Plan 17 and the Race to the Sea and the defensiveness of
Every country has its own agenda for its people and purpose for it’s military. Looking at the world nations, France is one of the most advanced nations that are currently an ally to the United States (US). Looking at the political, economic, and military situation of France can best describe the type of ideals and direction of focus the society has and will continue to have over the next few years or more.
The American and French Revolutions were profoundly motivated by economics. Prior to the Revolution, British colonies in America were thriving. Colonists paid fairly few taxes and were permitted to participate in domestic economic activity, granted they adhere to the Navigation Act, an act requiring, “that all trade within the empire be conducted on ships which were constructed, owned and largely manned by British citizens. Certain enumerated goods whether exported or imported by the colonies had to be shipped through England regardless of the final port of destination.” (Baack) Its mother country however, was not analogous. England’s debt had nearly doubled due to their victory over France during the 7 Year War and was frantically
The French Revolution evokes many different emotions and controversial issues in that some believe it was worth the cost and some don't. There is no doubt that the French Revolution did have major significance in history. Not only did the French gain their independence, but an industrial revolution also took place. One of the main issues of the Revolution was it's human costs. Two writers, the first, Peter Kropotkin who was a Russian prince, and the other Simon Schama, a history professor, both had very opposing views on whether the wars fought by France during the Revolution were worth it's human costs. Krapotkin believed that the French Revolution was the main turning point for not only France but for most
SABMiller and Diageo are two largest beer producer in Africa. ”SABMiller, if combined with its partnership with France's Castel Group, sells roughly 60% Africa’s beer by volume. Diageo’s also expands its operation successfully that Senator Keg, its supercheap beer, is also now number two most popular beers in Kenya. As these giant brewers monopolized Africa’s beer market, it can be said that the market has an oligopoly market structure, and both pursue identic operations, so the market can be labeled as competitive. The interdependence that is happening between both brewers makes the competition happens. As SABMiller produces Impala that is half price from its previous beer Manica, Diageo produces Senator Keg to balance it. Diageo
to get all the power of France. It should also be said that not all the nobles
The French Revolution was a period of time from 1789 to 1799 in France where there was political instability. It officially began on the 14th of July, 1789, when the Bastille, which was a symbol of the King’s harsh policies, was stormed. The King, Louis XVI, the Queen, Marie-Antoinette and about 40,000 people were all brutally murdered. But there was also a positive side, the Declaration of the Rights of Man and Citizen was formally adopted on August 1789 and feudalism was abolished. This essay will address the issues of the three estates system, food shortages and the fiscal crisis. It will also be argued that the most significant cause of the French Revolution was the social inequality that stemmed from the three estates system.
The Effects of Financial Problems on the French Revolution The French Revolution, which broke out in 1787, was perhaps the most violent upheaval in the western world due to the extensive participation of peasants and common people, not only the aristocracy. Even thought in other parts of Europe revolutionist movements were taking place, they were usually between aristocratic rulers and other privileged groups. Regarding the causes of the French Revolution, several versions are proposed and debated. Some versions say that the causes were basically social and economical; while others say it was the rise of one particular class, the bourgeoisie.
The period of 18th and 19th century is marked by the greatest transformations, reformations, revolutions and many other critical events that ever took place in human history. The credit is given to all these revolutions for enlightenment of mankind. The two most important revolutions were the French revolution and the industrial revolution. One can feel that both of these revolutions mutually reinforced each other and later became the back bone of all other revolutions. On the other hand, both revolutions had totally different impacts and consequences at various economical, political and social realms.
In this way, the Fed manages price inflation in the economy. So bonds affect the U.S. economy by determining interest rates. This affects the amount of liquidity. This determines how easy or difficult it is to buy things on credit, take out loans for cars, houses or education, and expand businesses. In other words, bonds affect everything in the economy. Treasury bonds impact the economy by providing extra spending money for the government and consumers. This is because Treasury bonds are essentially a loan to the government that is usually purchased by domestic consumers. However, for a variety of reasons, foreign governments have been purchasing a larger percentage of Treasury bonds, in effect providing the U.S. government with a loan. This allows the government to spend more, which stimulates the economy. Treasury bonds also help the consumer. When there is a great demand for bonds, it lowers the interest rate.
1) According to the Law of Demand, the demand curve for a good will A) shift leftward when the price of the good increases. B) shift rightward when the price of the good increases. C) slope downward. D) slope upward. Answer: C 2) An increase in the price of pork will lead to A) a movement up along the demand curve. B) a movement down along the demand curve. C) a rightward shift of the demand curve. D) a leftward shift of the demand curve. Answer: A 3) An increase in consumer incomes will lead to A) a rightward shift of the demand curve for plasma TVs. B) a movement upward along the demand curve for plasma TVs. C) a rightward shift of the supply curve for plasma TVs. D) no change of the demand curve for plasma TVs. Answer:
The French Revolution last from 1789 to 1799. This war had many causes that began the revolution. Its causes ranged from the American Revolution, the economic crisis in France, social injustices to the immediate causes like the fall of Bastille, the Convening of he Estate-General, and the Great Fear. As a result of this revolution there many effects , immediate and long term. The immediate effects were the declaration of rights of man, abolishing of olds reign, execution of king and queen, the reign of terror, and war and forming of the citizen-army. The long term effects were the rise of Napoleon, spread of revolutionary ideas, growth of nationalism, and the conservative reaction.
France, which is the largest nation in Western Europe, is a presidential republic. France is a very important nation in Europe and it continues to be involved in contemporary policy issues. Helping the world as one of the great trading nations, France is a very important trading partner with the United States. Not only is France important to the United States, they are also important to countries all over the world. Their abundance of both mineral and agricultural resources make them a very important supplier of products all over the world. I chose to report on France because it is an interesting county and I wanted to learn more about it.