This collusive price setting behaviour leads, as usual in oligopolies or in this specific case of oligopolists acting like one single monopolist, to a loss in total welfare and in the consumer surplus. At the same time there is an increase in producer surplus because the price in the collusive oligopoly acts like a mark-up on the price-quantity equation of equalising marginal costs with marginal revenues. In figures, the collusive price generates a produce surplus of $4billion in each year, while the loss of the consumers is $7billion in each year (Bresnahan, 1981). The total loss in welfare is over $3billion in each year (Bresnahan, 1981). This figures show that there is a big loss in market efficiency after the introduction of the collusive price by the oligopolists.
After the Civil War, the United States became a much more industrialized society. Between 1865 and 1920, industrialization improved American life in many ways. However, industrialization also created problems for American society. Consider events that took place after the Civil War and discuss ways that industrialization affected the . between 1865 and 1920.
Write a thesis statement that is one to two (1-2) sentences long in which you:
State your thesis on how industrialization after the Civil War influenced . society, economy, and politics. Justify your response.
For the first part of this assignment you will create a thesis statement. A thesis statement is usually a single sentence somewhere in your first paragraph that presents your main idea to the reader. The body of the essay organizes the material you gather and present in support of your main idea. Keep in mind that a thesis is an interpretation of a question or subject, not the subject itself. (Note: Please consult the Purdue OWL Website with tips on how to construct a proper thesis; the website can be found at: https:///owl/resource/545/01/
For the next part of this assignment you will create an outline of the main points you want to address in this paper. This outline will serve as the basis for your Assignment Final Draft. (Note: Please use the Purdue Owl Website to assist you with this assignment; this website can be accessed at: https:///engagement/2/2/55/
Write a one to two (1-2) page outline in which you:
List three (3) major aspects of industrialization between 1865 and 1920. In your response, consider society, the economy, and politics.
List five (5) specific groups that were affected by industrialization. Provide two (2) examples for each group describing how the group was affected. (Consider issues such as race, ethnicity, gender, child labor, etc.)
List five (5) ways that industrialization affected the life of the average working American during this period.
Use at least three (3) academic references besides or in addition to the textbook. Note: Wikipedia and other Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
Identify and discuss the different ways that the Civil War, Reconstruction, and Industrialization after the Civil War have shaped America’s history.
Summarize and discuss the ways that formal policies of government have influenced the direction of historical and social development in the United States.
Recognize the major turning points in American history since the Civil War.
Use technology and information resources to research issues in contemporary . history.
Write clearly and concisely about contemporary . history using proper writing mechanics.
Yet Ernest N. Emenyonu’s claim that the Christian missionaries “convert the people from their old ways and religious beliefs and practises […] by sheer force of an obtrusive dogma” (85) cannot hold. Instead of an ‘obtrusive dogma’, it is the attractiveness of the new faith to all those who found themselves disadvantaged in some way or other under the old one; later on, it is also the attractiveness of the mission school, due to its connection with the colonial government. And although the Christians show some aggressive traits, ‘sheer force’ is always left to the colonial power.