The raid on Harper's Ferry was an intent by John Brown, who was an abolitionist, to initiate a slave revolt in 1859 by taking control on the federal arsenal located in Harper's Ferry, Virginia.
The two groups that were outside the arsenal were:
- <em>John Brown's "group of 22"</em>. This group of men was supposed to be supported abolitionists Harriet Tubman and Frederick Douglass. However, none of them showed up in the scene, as Tubman fell ill and Douglass was doubtful of a victory.
- <em>A group of US Marines</em> led by Colonel Robert E. Lee.
The attempt was unsuccessful, resulting in the defeat of Brown's group by the US Marines.
- Calvin Coolidge (1872 – 1933) was the 30th president of the United States and he was in office between 1923 to 1929.
- Warren G. Harding (1865 – 1923) was the 29th president of the US from 1921 until his death in 1923.
Both pertained to the Republican party and supported and implemented <u><em>laisez-faire</em></u><u> economic measures</u>, that consisted on free functioning of the markets with minimum goverment interventionism. Markets alone, would produce the most efficent outcomes, according to his viewpoint. Therefore, the policies introduced by their governments, involved minimum regulation for businesses, and for the economic activity in general.
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The period after Reconstruction, the last few decades of the nineteenth century, was known as the ” Gilded Age,” a term coined by Mark Twain in 1873. The Gilded Age was a period of transformation in the economy, technology, government, and social customs of America.
The Gilded age and the Progressive Era are time periods that played an important role in the development of the American society. The Gilded Age is a period of American history between 1870 and 1900. ... By this, he meant that this period was glittering on the surface but corrupt underneath.
New" Immigration took place during the Gilded Age. Most of the immigrants were from Greece, Italy, Poland, Slovakia, Serbia, Russia and Croatia. The vast majority of immigrants were Roman Catholic and Eastern Orthodox. However, Jews from Eastern Europe began to immigrate as well because of increasing persecution.
The Production Possibilities Frontier (PPF) is a curve that shows all the combinations of two goods that an economy or a firm are able to produce given a certain endownment of factors of production. The points in the curve show all the efficient production combinations, as there are no unused resources and, in order to produce a larger quantity of one of the goods, a certain amount of the other needs to be given up.
Assume that the PPF attached is the one corresponding to my new store, where I can produce either guns or butter. Any bundle located along the curve (for example, the combinations B, D or C) represents efficent amounts of production of the two goods, and therefore any of them are recomendable production strategies that can be followed. Those are efficient combinations because the whole endowment of resources is used. In opposition, point A is inefficient because there are unused resources in the firm/economy, and point X is impossible, because there are not enough resources in the economy to generate those levels of output.
