How does economic transformation impact a society?

When prices rise for energy, food, commodities, and other goods and services, the entire economy is affected. Rising prices, known as inflation, impact the cost of living, the cost of doing business, borrowing money, mortgages, corporate and government bond yields, and every other facet of the economy.

Explanation:

the berlin blockade was an international crisis that arose from an attempt by the soviet union, in 1948–49, to force the western allied powers (the united states, the united kingdom, and france) to abandon their post-world war ii jurisdictions in west berlin. in march 1948 the allied powers decided to unite their different occupation zones of germany into a single economic unit. in protest, the soviet representative withdrew from the allied control council. coincident with the introduction of a new deutsche mark in west berlin (as throughout west germany), which the soviets regarded as a violation of agreements with the allies, the soviet occupation forces in eastern germany began a blockade of all rail, road, and water communications between berlin and the west. on june 24 the soviets announced that the four-power administration of berlin had ceased and that the allies no longer had any rights there.

                the united states presidential election of 1912 was the 32nd quadrennial presidential election, held on tuesday, november 5, 1912. the election was a rare four-way contest.

                incumbent president william howard taft was renominated by the republican party with the support of its conservative wing. after former president theodore roosevelt failed to receive the republican nomination, he called his own convention and created the progressive party (nicknamed the "bull moose party"). it nominated roosevelt and ran candidates for other offices in major states. democrat woodrow wilson was finally nominated on the 46th ballot of a contentious convention, to the support of william jennings bryan, the three-time democratic presidential candidate who still had a large and loyal following in 1912. eugene v. debs, running for a fourth time, was the nominee of the socialist party of america.

                wilson won the election, gaining a large majority in the electoral college and winning 42% of the popular vote, while roosevelt won 27%, taft 23% and debs 6%. wilson became the only elected president from the democratic party between 1892 and 1932, and the second of only two democrats to be elected president between 1860 and 1932. this was the last election in which a candidate who was not a republican or democrat came second in either the popular vote or the electoral college, and the first election in which all 48 states of the contiguous united states participated.

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