My exquisite shelf by https://padlet.com/cam_calderon/l7cm0qn54p7v Made with a creative frenzy en-us 2018-10-02 10:20:53 UTC 2019-10-01 14:30:17 UTC hello@padlet.com https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391902273 They found oil in Aberdeen, and so more workers were needed, so the demand for houses increased and so did price]]> 2019-10-01 14:24:00 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391902273 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391902333 There was a surge in supply]]> 2019-10-01 14:24:05 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391902333 multiplier effect as a result of a new industry. e.g new jobs, families moving. https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391902375 2019-10-01 14:24:08 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391902375 New jobs https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391902467 People moved to Aberdeen in order to get work, increasing demand but supply was limited, thus causing a drive up in price]]> 2019-10-01 14:24:13 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391902467 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391902779 In the 1970s britain was highly industrial people moved to Aberdeen to take advantage of the newly found north sea oil and mining industry. In 1979 PM Thatcher came to power and instituted new economic policies that resulted in the closure of many industrial enterprises forcing people to move to more service based areas. ]]> 2019-10-01 14:24:38 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391902779 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391903157 Increase in demand for housing causing inflationary pressures on housing prices]]> 2019-10-01 14:25:05 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391903157 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391903169 Higher wages forced the local prices up hence inflating the economy.  ]]> 2019-10-01 14:25:06 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391903169 A new industry was created, meaning there were jobs created and people moved to Aberdeen to fill those jobs resulting in higher demand for housing, increasing the price. https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391903236 2019-10-01 14:25:11 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391903236 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391903273 Demand for houses went up as people moved into Aberdeen which caused the prices of houses to rise ]]> 2019-10-01 14:25:14 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391903273 Limited to supply and major increased demand will cause prices to increase to match demand https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391903285 2019-10-01 14:25:15 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391903285 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391903333 Miners needed permanent accommodation so the demand for houses rose as did the price]]> 2019-10-01 14:25:18 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391903333 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391903443 When oil was found the need for housing for the workers increased meaning that the demand for housing was higher resulting in an increase and more competitive market]]> 2019-10-01 14:25:28 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391903443 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391903733 🤷‍♂️]]> 2019-10-01 14:25:48 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391903733 Increase in demand for houses and higher wages meant that prices could be pushed up from the extra demand in the economy https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904089 2019-10-01 14:26:13 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904089 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904102 unemployed workers leading to a poor standard of living furthermore it may also increase government spending on unemployed benefits. It could also lead an increase in crime. ]]> 2019-10-01 14:26:15 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904102 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904106 By closing the local pit, it will have made many of the locals unemployed as it is such a small area. Which has an impact on local shops as people spend less money if they have a lower disposable income and residents may relocate to new jobs]]> 2019-10-01 14:26:15 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904106 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904228 They found oil.]]> 2019-10-01 14:26:24 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904228 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904256 Because the demand for houses increased and the supply was price inelastic so prices went up. The construction jobs were only temporary so the high demand didn’t last for long ]]> 2019-10-01 14:26:27 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904256 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904311 Prices fell in the mid 80s because the labour to build new houses was only temporary, thus many migrated out of Aberdeen at that time, causing house prices to fall drastically. ]]> 2019-10-01 14:26:31 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904311 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904381 The higher wages  forced the prices in the local area to inflate the economy]]> 2019-10-01 14:26:37 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904381 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904489 Local economy may suffer as miners no long net require homes there and could move away. Businesses will lose customers and therefore will lose out on profits]]> 2019-10-01 14:26:45 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904489 Raw materials https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904618 Finding raw materials, triggered a chain of reactions through markets which caused more permanent workers to arrive, increasing housing rent. But died down due to less work needed to mine the raw materials. 
 ]]> 2019-10-01 14:26:55 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904618 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904691 An increase in the population due to the inflow of outsourced labour would cause the demand for houses to increase and therefore increasing the price ]]> 2019-10-01 14:27:01 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904691 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904813 The house prices were highest because of the stimulation in the economy due to the raw materials found. This increased jobs meaning more real incomes for consumers and therefore increased spending meaning house prices went up]]> 2019-10-01 14:27:11 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391904813 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391905151 2019-10-01 14:27:40 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391905151 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391905941 YASSSSSSS KWEEENNNNN]]> 2019-10-01 14:28:34 UTC https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391905941 https://padlet.com/cam_calderon/l7cm0qn54p7v/wish/391906919 Due to the closer of the local pit, slowly rent, costs and wages would slightly die down. 

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