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An Analysis of the Interest Rates and the Role of World Economy
The world economy dictates the interest rates in the different nations. Eventually, the rates determine the investment pattern in the business of development. A country's nominal interest rate is which attracts individuals or corporates to invest in a country with the expectation of huge returns from profit-making ventures....
569 words
3 pages
The State of Consumerism in America
Imagine being involved with a group of high school teenagers walking through the local mall. Surrounding the posse are flashing neon signs advertising fashionable clothing and the latest tech gadgets available to the mass market. Everyone in the cluster is laughing, having fun, and occasionally checking the newest generatio...
1,444 words
6 pages
A Report on the Lives of Karl Marx, Adam Smith, and Andrew Carnegie Before and During the Industrial Revolution
The right way History has experienced many different kinds of people. There have been philosophers, rebels, heroes, inventers, leaders, and followers. There have been some extremely popular people like George Washington or some extremely unpopular people like Hitler. However, I am not going to talk about either one of thos...
844 words
3 pages
An Analysis of Financial Factors of the Great Depression
Financial Factors of the Great Depression While the American economy prospered during the 1920's, it was highly
unstable. The agricultural sector was depressed throughout the decade. Wage
increases did not keep pace with factory output in the industrial sector,
and this reduced consumer purchasing power. Meanwhile,...
531 words
2 pages
Causes of the Great Depression and a Critical View on the New Deal
In the late 1920’s and through the early 1930’s, America experienced an extreme depression known as the Great Depression due to a mistake by the Federal Reserve Bank. In an attempt to bring the country out of depression, America’s president at the time, Franklin D. Roosevelt (FDR) enacted policies known as the New Deal. An...
1,973 words
9 pages
The 14th Century to the 16th Century, a Time of Success for the European and the Chinese Economies
The 14th century to 16th century was a time of productivity much of Eurasia. Places such as China, under Mongol rule, flourished. Concurrently Europe’s interest in science and art also grew, and developed a thriving economy. While these economies were similar, their differences led to a separation of direction in the 1500s....
603 words
2 pages
The Cause and Effect of the Great Depression
It is the natural cycle for our free market economy to fluctuate between periods of prosperity and periods of economic hardship. We experience times where we are pushed to spend more, invest more, and attempt to live big. This in turn is thought to keep the economy booming by pumping more and more into the economy via consu...
1,297 words
4 pages
An Understanding of the Oil Business in the Market in the Book The Oil Road by James Marriot and Mika Minio-Paluello
Prior to reading The Oil Road by James Marriot and Mika Minio-Paluello, I looked at the international oil and natural gas trade as something omnipresent in both my life and the lives of all around me. No one has to look far to find a perceived necessity in their own lives which is inherently dependent upon petroleum, and in...
2,125 words
6 pages
An Analysis of the Causes of the Great Depression and the Great Recession
The Great Depression and Great Recession were events that caused economic turmoil in the United States. With that said, the magnitude and severity of each event is something that is up for debate and often time politicized. Fed Chairman, Ben Bernanke said, “September and October of 2008 was the worst financial crisis in gl...
3,310 words
11 pages
The Inefficacy of the Labor Unions to Improve the Conditions for the Working Class from 1875 to 1900
Conditions for the working class from 1875 to 1900 were very poor. Factories were dimly lit , unsanitary, and dangerous, and laborers received low pay. To combat these poor conditions, workers formed labor unions, and demanded improvement. However, the organized labor in this time period did not contribute much to to the i...
723 words
3 pages