

⭐︎ Basic 読みやすい
⭐︎⭐︎ Intermediate 読み応えがある
Industrial Revolution ⭐︎⭐︎
The Industrial Revolution was the transition to new manufacturing processes in Europe and the United States. Manufacturing changed from hand production methods to the machines-based factory system.
The Industrial Revolution and the related technological innovations such as locomotives, steamboats, and steamships originated from Great Britain. By the mid-18th century, Britain was the world's leading commercial nation, managing global trading with North America and the Caribbean colonies.
Textiles were the dominant industry of the Industrial Revolution in terms of employment, output, and capital invested. The textile industry was also the first to adopt modern production procedures, using machine tools and steam power.
The Industrial Revolution marks a turning point in history. The Industrial Revolution also led to an unprecedented rise in the rate of population growth. Some economists have said the most important effect of the Industrial Revolution was that the living standard for the general population began to increase consistently.

産業革命 ⭐︎⭐︎
産業革命はヨーロッパ、アメリカで起きた製造業の工業化です。
産業革命や蒸気船などの技術革新はイギリスから始まりました。18世紀の中頃にはイギリスは植民地との貿易などで先頭を走っていました。
繊維工場は雇用や生産量で産業革命の中心で、いち早く機械化や蒸気機関が導入されました。
産業革命は歴史上の転換点でもあります。人口が増えただけでなく、生活水準も向上しました。
Lehman Shock ⭐︎
A financial crisis is a wide variety of situations where some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises have caused banking panics. Many recessions coincided with these panics.
The global financial crisis in 2008 was a severe worldwide economic crisis. Financial institutions worldwide suffered severe damage. During and after the crisis, governments implemented massive bail-out plans to prevent a collapse of the global financial system. The crisis sparked resulted in higher unemployment and lower fertility.
One of the top investment banks, Lehman Brothers, went bankrupt on September 15, 2008. In 2008, Lehman faced an unprecedented loss due to the continuing subprime mortgage crisis. Lehman's loss resulted from having too large positions in subprime and other lower-rated mortgage-backed bonds.
The collapse of Lehman Brothers brought about panic in financial markets. The bankruptcy triggered a 4.5% drop in the Dow Jones Industrial Average. Money market mutual fund saw mass withdrawal demands to avoid losses. The government and the Federal Reserve system responded with several emergency measures to counter the panic.

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