Nationalization

Background to the Revolution: In order to understand the origins of the French Revolution, it is important to first understand what in fact a revolution is and the two main factors which trigger it. A revolution is primarily any change that takes place in the socio-economic and political setup of a country or society, over a relatively short period of time. According to Karl Marx, the nature of a state is simple. It is, he said, ‘but a committee for managing the whole affairs of the bourgeoisie…

Powderly William Graham Sumner John P. Altgeld Samuel Gompers What was the impact of the transcontinental rail system on the American economy and society in the late nineteenth century? 2) How did the huge industrial trusts develop in industries such as steel and oil, and what was their effect on the economy? 3) What was the effect of the new industrial revolution on American laborers, and how did various labor organizations attempt to respond to the new conditions? 4) The…

When the country initially gained its independence from Britain in 1960, expectations were high that Nigeria would become an economic heavyweight in Africa. With abundant natural resources and a large population, it seemed the stage was set for success. However, despite earnings of more than $500 billion from oil sales during the period 1970 to 2007, the country still suffered from extreme poverty, illiteracy, and high debt. Several factors have been blamed for Nigeria’s troubles including…

Unfortunately, some companies have mismanaged their greatest asset—their brands. This is what befell the popular Snapple brand almost as soon as Quaker Oats bought the beverage marketer for $1.7 billion in 1994. Snapple had become a hit through powerful grassroots marketing and distribution through small outlets and convenience stores. Analysts said that because Quaker did not understand the brand’s appeal, it made the mistake of changing the ads and the distribution. Snapple lost so much…