economy

sweatshops

What Are Sweatshops?

A sweatshop is a factory where workers have to endure poor working conditions, long working hours, low wages, and other violations of labor rights. Sweatshops are workplaces where workers are employed for low wages in unhealthy and oppressive conditions. The term “sweatshop” was coined in the 1850s to refer to a factory or workshop where

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What Is Egalitarianism?

An egalitarian is someone who claims that all people should be treated equally and should have the same basic value and dignity, which is considerable. Those who believe that equality is a form of justice need not be such instrumental egalitarians. In modern societies with market economies, it is assumed that an egalitarian is one

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What Is Urbanism?

Urbanism refers to the distinctive social and cultural patterns that develop in cities. Due to the dominance of urbanism in the modern world, we lack a sociological definition of the city that takes into account the fact that a city is a characteristic place of urbanism and that urban lifestyles are not limited to cities.

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What Is The American Civil War?

The American Civil War, which lasted from 1861 to 1865, was between the American North and the South because of different economic issues. During the war, the North’s elites wanted economic expansion and changes in the South’s slavery and way of life. The Southern states saw in Abraham Lincoln and the Republican Party enormous changes

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What Is A Stock Market Crash?

There is no formal definition of a stock market crash, but it is widely understood that the share price of one or more major US stocks has fallen by double-digit percentage points in days or weeks. It leads to falling stock prices as shareholders dump their holdings, and it is one of the most common

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What Is The 1929 Stock Market Crash?

The 1929 stock market crash was a stock market crash that began on October 24, 1929 and is one of the worst in US history. The Dow Jones Industrial Average fell 24.8%, marking the biggest one-day loss in Dow Jones history, according to Federal Reserve data. The crash began on October 24, 1929, known as

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What Is The Russell 2000?

The Russell 2000 Index, created in 1984 by Frank Russell & Company, is a stock index of 2,000 small companies with capital. The Russell 500 is the S & P 500, which is a benchmark for portfolios with large caps. It consists of over 2,000 publicly traded companies representing a range of sizes from small

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What Is The Subprime Mortgage Crisis?

The subprime meltdown was the surge in high-risk mortgages defaulting from early 2007. These mortgages contributed to the worst recession in decades and the collapse of the US housing market. The subprime mortgage crisis (2007-10) stemmed from an earlier expansion of mortgage lending, which included loans to borrowers who would previously have had difficulty getting

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What Is Brexit?

Brexit refers to the country’s exit from the European Union and is a fusion of the words Britain and exit. The term has been used since the proposal for Britain to leave the trading bloc was put forward by former Prime Minister David Cameron and former Foreign Secretary Boris Johnson in May 2016. For the

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What Is Digital Divide?

The term “digital divide” refers to the difference between those who have easy access to computers and the Internet and those who do not because of lack of access. Despite efforts to narrow America’s once-vast digital divide, people who were unlucky enough not to have access to computers or the Internet are persisting in narrowing

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