Why was the Bracero program created? The Bracero Program was a bilateral, contract labor program created between Mexico and the United States. Between 1942 and 1964, the program brought between 4 – 5 million Mexican laborers to the United States. The majority of the migrants worked in the agricultural industry … Read more
What was the bracero program? An executive order known as the Mexican Farm Labor Program established the Bracero Program in 1942. This is a series of laws and diplomatic agreements between the United States and Mexico that permitted millions of Mexican men to work legally in the United States on … Read more
Any market that is driven by the forces of demand and supply with little or no government interference is one of the free enterprise examples. The free enterprise system is an economic system whereby the rules and regulations of the economy are set by itself. This means that the economy … Read more
How did the Industrial Revolution Change Society? The industrial revolution brought about an increase in the material wealth of the Western world. It also brought about an end to the dominance of agriculture and initiated a significant change in society. There has been a drastic change in the everyday working … Read more
The industrial revolution was an era of change from an agrarian and handicraft economy to one dominated by industry and machine manufacturing. It was a period of major innovation and mechanization that began during the mid-18th century and early 19th century in Great Britain and later spread throughout the world. … Read more
Free enterprise and capitalism are two types of economic systems which are often used interchangeably. However, despite their similarities, the differences between free enterprise vs capitalism are evident. Therefore, even though capitalist and free enterprise systems do spring from the same economic soil (which is the law of supply and … Read more
The kind of economic system that a country operates determines how the country’s economic activities function. The free enterprise system is the economic bedrock for countries that operate the capitalist system. A lot of developed countries and large economies such as the United States use capitalism as their economic system. … Read more
The industrial revolution was an economic and cultural shift from manual labor, cottage industry, and traditional agriculture, to a system of factory-based manufacturing that involved complex machinery, continual technological growth, development in transportation, and new energy sources. The effects of the industrial revolution are both positive and negative as society’s … Read more
There are 3 main approaches that can be used to explain the reason behind people’s behavior. These approaches that describe people’s behavior are the psychological approach, the economic approach, and the structural approach. The sociological model emphasizes the role of social factors in shaping human behavior. This model is useful … Read more
Crony Capitalism (cronyism) is a system of running an economy in which the government gives preferential treatment to some businesses for many reasons, often not for the common good of the economy but for personal benefits; the businesses in turn reciprocate the favors with money, gifts, etc. at the detriment … Read more
