Study Like a Boss
Economic growth, low unemployment/full employment, and modest inflation rates are the three main macroeconomic objectives of an economy. When an economy’s ability to create goods and services increases, it is said to grow economically (AmosWeb, 2012). Low unemployment/full employment means that most of the working-age population is employed and that there are few ‘unemployed resources’ … Read more
In the twenty first century, people are classified into various categories. Two of the categories are, the Boomers and the Millennials. Boomers are the group of people born during the Baby Boom, which occurred from the mid 1940s to the early 1960s. In the 1950s, the United States experienced a marked economic growth with an … Read more
This chapter opens up with the mysterious Phaistos disk that was found by archaeologists on the island of Crete in 1908 and its interesting technological aspects. Many inventions were made not for need but for mere curiosity and hobby. Diamond makes two main conclusions about technology is that it develops cumulatively and that most technology … Read more
Cuba has recently discovered oil reserves in offshore fields of Cuba’s share of the Gulf of Mexico that can approximately be rounded to contain 200 million barrels of natural recoverable oil. At the same time Cuba rejoices from this discovery coincedently the U. S is promoting to normalize relations with Cuba’s government. This significant discovery … Read more
After the 2008 financial crisis, there was a global acknowledgement that the way financial markets and institutions had been regulated was inadequate. Indeed, private banks failed to manage risks, shadow banking expanded without barriers set up to control it and the financial reward scheme was too excessive. Governments were willing to transform the financial system … Read more
Springfield’s South End district has been struggling over the past 10 years. Businesses are starting to close and the area is very run down. Although the South End district has seen better days, the town of Springfield has started a rehabilitation project that includes fixing roofs, Windows, landscaping, and many other things as a way … Read more
The article “How the rich get richer as the poor catch up” really opened my eyes with all the facts on global inequality. Our society tries to compare themselves to the people we see around us, but we don’t think abut the ones that are on the other side of the world. An example Francois … Read more
Income inequality is often associated with negative things such as decreased quality of life and a lack of social mobility. Yet, the lower classes are receiving less and less of the United States’ overall income while the top earners’ share is increasing. Why? This paper will explore causes of the growing income inequality as well … Read more
Wealth Inequality and its Impact on Society Life in present-day America is very unequal. There are wide gaps in income distribution which causes negative impacts on the everyday lives of most Americans. This income gap is wider than at any other time in the past century. The United States has the largest gap between rich … Read more
The thought of leaving Cameroon is an idea that has ran across the minds of countless individuals who are in search for a better if not a different life. I say this because my parents came to America from Cameroon about thirty years ago in search for a better life. Although, Cameroon will always be … Read more
An ethnic enclave is a geographic location within an urban setting that is predominantly occupied by a population of individuals of a specific culture, nationality, or ethnicity. The enclave consists of a variety of local businesses that meet the general and specific commercial needs of the community. According to Alejandro Portes, ethnic enclaves are a … Read more
Wal-Mart is a nationwide company and is a household term almost everyone knows. Some people find it as a store that tends to help the less wealthy, while others find it to be the complete opposite in aiding underprivileged families. Wal-Mart has different attributes to show that it is a good source of assistance for … Read more
James H. Shideler examines the sharpening rural-urban tensions in the 1920s America in his essay “Flappers and Philosophers, and Farmers: Rural-Urban Tensions of the Twenties” published in 1973. He begins with F. Scott Fitzgerald’s Flappers and Philosophers that represented the “age of wonderful nonsense” and reflected the rapid modernization in the 20s. The essay is … Read more
In this episode of Milton Friedman’s T. V. series “Free to choose” Swedish author Johan Norberg travels in Friedman’s footsteps to revisit the idea of the struggle between freedom and equality. Norberg analyzes the present-day importance of Friedman’s ideas in the 2011 world of globalization and fiscal disaster. Norberg introduces Freidman as one of the … Read more
Political structure Social and Economic Changes within the Sui, Tang and Song Dynasties China flourished as one of the world’s most cosmopolitan societies under the Sui, Tang and Song Dynasties. Officials governed effectively, economic development grew and farmers fed people, merchants and manufacturers prospered. Confucianism and Daoism was the government foundation, social structure and culture. … Read more
The economic depression that fell upon the United States in the 1930s had devastating effects on the country. At the depth of the depression, in 1933, one American worker in every four was out of a job. The great industrial slump continued throughout the 1930s, shaking the foundations of Western capitalism. Despite the seeming business … Read more
Two controversial economic policies are Keynesian economics and Supply Side economics. They represent opposite sides of the economic policy spectrum and were introduced at opposite ends of the 20th century, yet still are the most famous for their effects on the economy of the United States when they were used. The founder of Keynesian economic … Read more
For some, the collapse of Mexico’s economy proves that floating exchange rates and markets without capital controls are deadly. Others find the crash of the European exchange-rate mechanism (ERM) in 1993 to be proof that targeted rates will always be overturned by the free market. Many see the breakup of Bretton Woods as the failure … Read more
The U. S and the world economy like everything else have its ups and downs. The government plays a crucial role in deciding how the economy will set over time. An Economist by the name of John Maynard Keynes felt that if either inflation or unemployment got out of hand, the government could adjust the … Read more
In the world of 1995, there are still huge differeces between rich and poor, developed and less developed countries. But why? Who is to blame? What can we do about it? Many things have been tried out to solve these problems, but does it work? It seems bizarre, that we, modern, intelligent people, have not … Read more
Although the Prohibition controversy was absorbing, public interest in the first year of the Hoover administration became diverted by an event that shook the very economic foundations of the nation, namely, the stock market panic of 1929. The United States had enjoyed a boom after World War I, in which wages were high and production … Read more
First of all, the working class evolved in England. This happened mostly because England was the first to use machines for mass production. For instance, with new inventions like the Spinning Jenny machines in England, it caused a revolution to take place in England first. These machines reduced the values of the old tools, the … Read more
Today in the United States, a free market system or capitalism is the main economic system. I am interested in this subject because I someday wish to own my own business. I believe that in the future this topic will be very useful to me. Among the topics that I will discuss are the greeks … Read more
The year 2001 had been unlucky for Turkey. Apart from the crisis in 1994 and November 2000, the country had to face another financial crisis, causing problems in the management of its economy. Why does a country delve deep into financial crisis? What are the possible immediate triggers for both the current and potential new … Read more
The Law of diminishing returns is a key one in economics. It is used to explain many of the ways the economy works and changes. It is a relatively simple idea; spending and investing more and more in a product where one of the factors of production remains the same means the enterprise will eventually … Read more
The American Civil War fades away. It now appears that a new social unrest has taken root in America. But the debate was to be fought in the economic world. The question was, how should the government interact with business? The issue splits into two main views, that of Laissez-faire, and that of General Welfare. … Read more
The economic situation differs from country to country, caused by difference in population, geography, monetary system, political situation and a lot of other factors. But even within one country there are always a number of regions that differ from one another by their economic performance. This situation is especially true for big countries like US. … Read more
The main economic forecasts used to understand the general outlook of the economy included the Congressional Budget Office (CBO) forecast, the Administrations Forecast, the Blue Chip consensus forecasts and the Mortgage Bankers Association (MBA) forecast. Not all forecasts contained the required indicators for the chosen indicators: employment growth, interest rates, housing starts, and business investment. … Read more
Over the last century many countries throughout the world have experienced inflation as their major economic problem. Expensive wars have traditionally been recognized as the sources of inflation. Governments, in effort to squeeze more production out of an economy, have often resorted to printing or releasing more money to finance the purchase of arms and … Read more
Subjects: Economics, Investment, Goods, Capitalism. Keywords: total productive capacity of an economy, Economic growth, decisions of the individuals, Buechner Recording, real wage rate, United States, alternatives uses of an economies, better machines. Economic growth is the most important study in economics today. The first book on economics was by Adam Smith The Wealth of Nations … Read more
Should America Protect Industries from Foreign Competition Many politicians oppose free international trade, trade without any restrictions, for a couple of reasons. From their point of view it would affect the United States in a couple of ways: 1. Many USA workers would lose their jobs because factories would be moved to the country with … Read more
On September 28, 1998, Chairman of the U. S. Securities and Exchange Commission Arthur Levitt sounded the call to arms in the financial community. Levitt asked for, “immediate and coordinated action to assure credibility and transparency” of financial reporting. Levitts speech emphasized the importance of clear financial reporting to those gathered at New York University. … Read more
We once again hear problems with governmental agency overly using their power and taking away rights of citizens unjustly. With these problems comes societies weary eye over the government, should society trust them or fear them. With internal problems also come international problems. Oil runs the world and the United States cant have small oil … Read more
Since the birth of this great nation in 1776, the United States has remained a dominant world power in many aspects. The American standard of living has been the envy of the world, powered by an economy rivaled by nearly no one. Our economy continues to be the rock with which the global economy can … Read more
There are several things that come to mind when presented with the picture and topic, but the one that stands out most is shortage. However, shortage is an ironic word to use for it. It wasnt really a shortage in the fact that the world is out of oil, which being a non-renewable resource will … Read more
The expansion of U. S. economic activity maintained considerable momentum through the early months of 2000 despite the firming in credit markets that has occurred over the past year. Only recently has the pace of real activity shown signs of having moderated from the extremely rapid rate of increase that prevailed during the second half … Read more
The Law of diminishing returns is a key one in economics. It is used to explain many of the ways the economy works and changes. It is a relatively simple idea; spending and investing more and more in a product where one of the factors of production remains the same means the enterprise will eventually … Read more
The World Trade Organization (WTO) was formed on January 1, 1995, as successor to the General Agreement on Tariffs and Trade (GATT), which had regulated tariffs worldwide since 1947. The WTO regulates tariffs on services, intellectual property, food, and government purchasing. The Clinton administration has been working very hard to negotiate a deal with China, … Read more
The social values and history have shaped and formed the economical developments and the current environment of business in the People’s Republic of China. They have determined the patterns for negotiation and the Chinese perceptions of business, and their feelings towards westerners. The implicit and explicit rules that the Chinese society has on the development … Read more
