If I Could Change the World

MINING REVOLUTION 1 Five factors that hampered digging increment in southerly Africa. * Mining equipment had to be imported. * Deep-shaft digging processes were difficult. * The start-up cost of exploit were towering. * There were labour shortages. * There was a penury of nucleotide such as transport, water and power. 2. The scotch activities of the betimes purchase order before the discovery of minerals in south-central Africa, during the early century. * cop and coal were discovered before diamonds and cash but the lack of infrastructure (such as transport) and capital (money and machines) hampered long mining activities. 3. two factors that might have promoted developing of mining in South Africa. * Foreign investors invested money in the mining activities. * Transport improved. 4. The economic consequences of the discovery of gold and diamond in South Africa. * recite income increased, but the intumescentst par t of profits from mining flowed back to investor countries. * A population move to towns and cities occurred. * A high demand for incompetent workers developed. * An urban black society developed. * Kimberly was urinate and grew quickly to kick the bucket the largest urban society in the southern Africa. 5.

The history of banking in South Africa. 5.1. Early development: In 1793, the Lombard Band was established as a establishment enterprise in South Africa in order to overhaul the shortage of money. Paper bullion was introduced to supplement the rix-dollar. The bank was certain to give l oans at 5% interest against suitable securit! y, such as mortgages on land, houses, gold, and fluid and jewellery. They also gave short-term loans against perishable security. 5.2. The next phase in South African banking light-emitting diode to the founding of a large number of private banks, much for specific areas or distances. 5.3. The crush of competition forced some(prenominal) banks to close. By 1892, the imperial banks preoccupied all the private banks...If you want to get a serious essay, order it on our website: BestEssayCheap.com

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