Examples of Family Economy in the following topics:
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- The early stages of development in many economies is characterized by family-based production.
- The term "family economy" can be used to describe the family as an economic unit.
- The family economic unit is dependent on the specialized labor of family members.
- The family economy supplied agricultural products, manufactured goods, and provided services.
- Industrialization further contributed to the demise of the family economy where the capitalist market encouraged production in large-scale factories, farms, and mines.
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- Several factors contributed to the growth of the New England economy during the eighteenth century.
- New England's economy grew steadily over the entire colonial era despite the lack of a staple crop that could be exported.
- The rapidly growing population led to shortages of good farm land on which young families could establish themselves; one result was to delay marriage, and another was to move to new lands farther west.
- Combined with a growing urban market for farm products, these factors allowed the economy to flourish despite the lack of technological innovation.
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- Plantation economies rely on the export of cash crops as a source of income.
- Scale economies are also achieved by long distances to markets and reduction in the crop's size.
- Over the years, tobacco became important to Virginia's economy, even acting as currency at times.
- Antebellum architecture is seen in many plantations, especially in the "plantation house," the stately residences of planters and their families.
- The largest and wealthiest planter families, for instance, those with estates fronting on the James River in Virginia, constructed mansions in brick and Georgian style, e.g.
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- Bill Clinton epitomized the New Democrat ideology with his focus on improving the economy and economic deregulation.
- The New Democrats were focused heavily on improving the economy, and during Clinton's presidency, they were responsible for passing the Omnibus Budget Reconciliation Act of 1993.
- This Act raised taxes on the wealthiest 1.2% of taxpayers while cutting taxes on 15 million low-income families.
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- Historians and economists try to assess the effects on poverty rates and the economy, with many competing analyses put forward.
- Others argue that the policies had negative effects on the economy and led to more poverty in the long-term.
- For exmaple, the 2011 poverty line was a yearly income of $22,350 for a family of four.
- Some economists, including Nobel Laureate Milton Friedman, have argued that Johnson's policies actually had a negative impact on the economy because of their interventionist nature.
- Observers debate the impact of the Great Society and War on Poverty on poverty rates and the economy.
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- In many countries, especially those in North America,
growth was continual during the war as nations mobilized their economies.
- After
the war ended, however, the global economy began to decline.
- Yet a more severe recession hit the United States in 1920 and
1921 when the global economy as a whole fell sharply.
- Northern manufacturers
recruited throughout the South and an exodus of workers and their families ensued.
- This political cartoon, drawn in 1920, shows the impact of the war on America's economy.
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- The American economy grew dramatically in the post-war period, expanding at a rate of 3.5% per annum between 1945 and 1970.
- By the end of the 1950s, 87% of all American families owned at least one T.V., 75% owned cars, and 60% owned their homes.
- The railroad industry, once one of the cornerstones of the American economy and an immense and often scorned influence on national politics, also suffered from the explosion in automobile sales and the construction of the interstate system.
- In 1947, 60% of black families lived below
the poverty level (defined in one study as below $3000 in 1968), compared with
23% of white families.
- In 1968, 23% of black families lived below the poverty
level, compared with 9% of white families.
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- Following the Republican takeover of Congress in the 1946 elections, President Truman was compelled to reduce taxes and curb government interference in the economy.
- By the end of the decade, 87% of families owned a TV set, 75% a car, and 75% a washing machine.
- In 1947, 34% of all families earned less than $3,000 a year, compared with 22.1% in 1960.
- In 1947, 60% of black families lived below the poverty level (defined in one study as below $3000 in 1968 dollars), compared with 23% of white families.
- In 1968, 23% of black families lived below the poverty level, compared with 9% of white families.
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- Disturbed by the waste, inefficiency, and corruption of the late nineteenth century, Progressivism was committed to reforming every facet of the state, society and economy.
- Progressives believed the family was the cornerstone of American society, and that government, especially municipal government, must work to solidify and support the family.
- Local public assistance programs were reformed with the goal of keeping families together; cities established juvenile courts to deal with disruptive teenagers in lieu of sending them to adult prisons.
- Some progressives, especially among economists, sponsored eugenics as a collectivist solution to excessively large or underperforming families.
- President Wilson uses tariff, currency, and anti-trust laws to prime the pump and get the economy working.
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- South Carolina was the first colony founded deliberately on slave labor to support its growing rice economy.
- Rice plantations were larger than their tobacco counterparts in the Chesapeake, and planters expected slaves to cultivate up to five acres of rice a year, in addition to growing their own vegetables to feed themselves and their families.