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Outside influences on the economy
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Outside influences on the economy

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  • 1. Outside Influences on the Economy
    John Garvin, Monica Rains, Daniel Hankins
  • 2. In our economy not all factors are based on economy. Outside sources have an effect on the market flow business cycle.
    Many outside factors can increase or decrease the economy, war and technological advances can create positive or negative economic stints.
  • 3. War
    In WWII created jobs in war factories creating weapons and airplanes
    This changed the entire economy because of the great advances we made during this time.
  • 4. War Caused…
    Advances with aircraft and weaponry
    More jobs in factories making products
    Cost of war is expensive and now causing distress
  • 5. Technological Advances
    Computerized factory work extinguishes some factory jobs
    Because of the advances it creates more demanding work
  • 6. Outsourcing
    Sending easier manual labor to other countries where minimum wage is less or not present
    Creates higher end jobs in America, but cause working class not to have jobs
  • 7. How does it happens?
    Humans are always motivated to find the next big thing.
    Once this “ thing “ is found, the dependence upon this product effects the economy
  • 8. Economy
    The factors of the economy depend on many factors. The world creates the economy with everything it does. Wars create changes in economy with how much money is going towards it. While in other factors such as technology it creates more jobs but takes away lower ended jobs.