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In: Economics

How did the European consumption of goods affect the global economy? HISTORY CLASS DISCUSSION QUESTION.

How did the European consumption of goods affect the global economy?

HISTORY CLASS DISCUSSION QUESTION.

Solutions

Expert Solution

European production and consumption processes produce complex natural, social and economic impacts that benefit livelihoods globally but also create significant environmental pressures. In 1996–2012, spending on household consumption in Europe rose by 23 per cent, due to rising environmental pressures. Reducing the impacts of European consumption involves profound lifestyle changes, including in the size and location of households, transportation systems and diets.

Protectionism's supremacy and state intervention culminated in a sort of fracturing of the global economy into structures and exclusive areas that were more or less separated from each other. To boost its manufacturing, Interwar Germany has gained energy resources and raw materials in Eastern and Southeastern Europe, but has ignored its consumer goods market. In general, economic and social disintegration characterized the interwar period in Europe, and after the Second World War, the "European house" had to be rebuilt from its foundations.

Renewable energy sources in the EU include wind, solar, hydro, tidal, geothermal, biofuels and the renewable portion of the waste. The many potential benefits of renewables include: lower greenhouse gas emissions less reliance on fossil fuel markets (especially oil and gas) for more diverse sources of energy. Over the last few years renewables have risen strongly in the EU. Yes, electricity from renewable sources has in recent years nearly doubled its share of gross final energy consumption


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