The Rise Of The United Kingdom

From September 5-October 26, 1774, in Philadelphia, the first Continental Congress met up. Delegates were sent from all the colonies, except for Georgia. Delegates were elected by Committees of Correspondence of the Respective colonies, colonial legislatures, and by the people. There goal was to unite and show a combined authority to Great Britain.

Over the course of Britain’s centuries of history, events such as the industrialization of the Britain in the 19th century and many others proved to be pivotal events placing Britain as a pre-modern superpower. As described in the encyclopedia The History of World Trade Since 1450, “Britain’s mid-nineteenth century economy is often referred to as ‘the workshop of the world’ ” (Harley 396). Caused by the newly invented technological advancements, Britain began to export two-thirds of the world’s inventory made by advanced machinery. Bringing in the newly created steam engine, industries such as the iron and textile developed into major providers of wealth in the trade network of Britain. With growing industries and a source connection to

A recession is characterised by a period of at least two consecutive quarters of negative growth. During a recession, demand and supply of goods and services in the economy contracts. The UK economy contracted by 1.5% in the last quarter of 2008 and the Gross Domestic Product experienced its biggest fall since the second quarter of 1980 (Kowelle 2009). This is the first time since the inception of the NMW that employment has fallen. Unemployment is rapidly on the increase.

An economic recession occurs when the economy is suffering, and unemployment is on a rise. A drop in the stock market and a decrease in the housing market will also affect the economy due to a recession. Higher interest rates affect the economy constrain liquidly or the cash available to invest in stocks and businesses. Inflation alludes to the rise in prices of goods and services which also puts a strain on the economy further adding to a recession. Businesses were lost and consumer spending dwindled the only category that remained safe was healthcare. The economic meaning of a recession is a decline in the Gross Domestic Product (GDP) consisting of two consecutive quarters on a decline. If the economy is bad consumers are less likely to spend money on goods and service. The effects of a declining economy forced the government to create monetary

GDP, or gross domestic product, is the sum total value of all goods and services produced by a country within a given year. To achieve this sum, everything produced and exported, all of the money spent by consumers and government, investments, and many other contributing factors are calculated and combined. A nation’s GDP is used as the main indicator of the economic status of that nation. In general, the higher a country’s GDP is, the greater the health of that country’s economy. However, GDP is not as helpful or accurate a calculation as “real GDP”. Real GDP is a term that refers

While it provides an indication of how far the economy has come on the long road it is not a direct measure of the nation 's welfare or well-being. GDP measures only output and makes no claims on the quality of that output. GDP lets alone subjective concepts such as social progress or human happiness. It only offers a value of marketed goods and services produced in a country in a given time frame but from the perspective of a citizen living with the day-to-day realities of life, GDP can be rather misleading. Based on that, optimism about national economy remains still limited.

The Gross Domestic Product (GDP) is a calculation that provides insight into the current economy of our nation to allow individuals to understand the current and past year’s standings in the economy. The calculation of the GDP allows for the government to determine what adjustments are necessary to manage an effective status for the economy. Based upon the GDP the government can forecast any necessary changes that must be made to either the monetary policy or the fiscal policy. The wealth of a country is based upon the government’s ability to manage the economy through the monetary system and not on the amount of money that is located within that economy. The calculations for the GDP are produced to provide the most

Regardless to that when UK is in a recession the sterling is weak which means that overseas visitor can get more pounds for their money and would find UK much more cheaper which encourage inbound visitor to visit the UK. A recession

The Spanish Aramada attacked England in 1588 and was crushed by Elizabeth I’s navy. What led up to this great battle was years of hatred between Philip II of Spain and Elizabeth I of England. England’s stance in the race for power led to many wars between the European super powers, Spain, France, and soon England. The downfall of the Spanish Armada of 1588 completely changed England’s reputation with their neighboring nations, and made England a force to be reckoned with. From a small start as a divided nation, they slowly made their way up to being a powerful and united country.

Many public schools teach basic government to students, and from what they taught, many know that United Kingdom had a great influence to the United States and the rest of the world due to their long history. United Kingdom known as Britain is well-known for conquering multiple colonies and ruling them for long period of times.

GDP is the market value of all final goods and services produced within a country in a given period of time. GDP is basically the measure of a nation's total income and is an important tool in explaining a single society's economic well-being (Mankiw, 2009).

The “Great Recession” is commonly used to explain the massive economic contraction that occurred in the United States during the fourth quarter of 2007. However, the actions of the United States spanned to other nations, leaving massive effect on the global economy. One nation that took on serious financial burden during this recession was the United Kingdom. This nation first faced the effects of the Great Recession beginning in the first quarter of 2008. Overall, the initial mass effects on the nation can be attributed to the nation’s reliance on the financial sector. In fact, after partially stabilizing in 2009, the country struggled with a double-dip recession between 2010-12, and continues to struggle with some of these effects.

The United Kingdom consists of four different countries. England, Scotland, Wales, and Northern Ireland. This is an island nation in Northwestern Europe. Located at 55.371°N, 3.4360°W, this island is 93,628 mi2. This is Europe’s largest island. The official language of the island is English and the capital is London. The major religion is Christianity then Islam and Hinduism. There are multiple different ethnic groups in the United Kingdom some are British African, White/black British, Mixed, and Irish to name a few of them (United Kingdom).

Gross Domestic Product (or known as GDP), is defined as, “aggregate output as the dollar value of all final goods and services produced within the borders of a country during a specific period of time, typically a year” (McConnell, Brue, & Flynn, 2012). This measures the value of the output in monetary terms, and you can check current trends of the GDP by taking a look at the Bureau of Economic Analysis website. Today, we are taking a look at the “Release Highlights” link to check the most current trends within the GDP.

“Business people are like sharks, not just because we are gray and slightly oily, or because our teeth trail the innards of those we have eviscerated, but because we must move forward or die.”(Stanley Bing) PoliTEA is something new, extraordinary, unique and useful for all the United Kingdom citizens. It is a political news and information application as well. Our product is coming to replace the bunch of newspapers and substantially the political broadcasts. Our aim is to present the political scene of Great Britain in one application in a reliable and trusted way. We invest in high quality of sources in order to have a high quality product. The aim of PoliTEA is not only to increase the political awareness of the British people but also