Author Question: How have the fuels to power homes, industry, and transportation changed from the beginning of the ... (Read 187 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
How have the fuels to power homes, industry, and transportation changed from the beginning of the Industrial Revolution to the present?
 
  What will be an ideal response?

Question 2

Describe the three components of a nation's wealth. What insights emerge from the World Bank's analysis of the wealth of different groups of nations?
 
  What will be an ideal response?



AaaA

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

Homes: Homes were heated originally with wood. In the industrialized world this changed with the beginning of the Industrial Revolution. Coal became a dominant method of home heating. In the 1950s this changed to electricity, oil, and natural gas.
Industrial: At the start of the Industrial Revolution, wood was used to fuel the steam engine. When wood resources were depleted, coal was substituted. (This transition was not without social and economic disruption.) The transition to coal was complete by the end of the 1800s, and the dominance of coal as a fuel did not end until the 1940s.
Transportation: Wind (ships) and horses were the primary method of transportation until the Industrial Revolution. Trains became an important mode of transportation; wood and then coal were used initially. Ships are powered by fossil fuels. Petroleum, primarily in the form of gasoline, has dominated transportation since the 1940s.

Answer to Question 2

The three components of a nation's wealth are produced capital, natural capital, and intangible capital. Produced capital is the human-made buildings and structures, machinery and equipment, vehicles and ships, monetary savings and stocks, highways and power lines, and so forth that are essential to the production of economic goods and services. Natural capital refers to the goods and services supplied by natural ecosystems and the mineral resources in the ground. Intangible capital is divided into three elements. The first is human capital, which refers to the population and its physical, psychological, and cultural attributes. The second element, social capital, is the social and political environment that people create for themselves in a society. The third element is knowledge assets, which is the codified or written fund of knowledge that can be readily transferred to others across space and time.
If you refer to Table 2-1, you can see that although natural capital often ranks third in most countries, this does not mean that it is less important than human resources or produced assets. In particular natural capital plays a more important role in low-income countries, as they develop and become more dependent on their natural resources, than in wealthier countries.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

For a complete list of videos, visit our video library