Milton Friedman I Pencil Analysis

Improved Essays
In the video, “Milton Friedman - I Pencil”, showed Milton Friedman talking about what does it take to make a pencil. It takes a lot of people from different countries to create a spectacular product that may seem simple to someone else, like a regular pencil. From the tip of the eraser to the bottom of the lead ( which is known as graphite) are all materials that comes from certain areas of the world. Friedman had said that there is not a single person in the world can make a pencil on their own; it is just impossible without the proper equipment and people who specialize in the field of making each thing. In order to cut down a tree you need a saw, to make the saw you need steel and it continues on. Some of the materials or the actions to

Related Documents

  • Improved Essays

    Analyze the responses of Franklin D. Roosevelt’s administration to the problems of the Great Depression. How effective were these responses? How did they change the role of the federal government? Thesis Statement: During Franklin D. Roosevelt’s presidency, his administration helped and tried to solve the problems of the Great Depression. He caused the government to play a very important role in society and from their help many people responded with their opinion of what they felt about it.…

    • 973 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    In FDR’s Folly: How Roosevelt and his New Deal Prolonged the Great Depression, Jim Powell argues that Franklin Delano Roosevelt prolonged the Great Depression through his actions as the President of the United States. Powell successfully shows that FDR extended the Great Depression during his presidency through his policies. Powell uses many court cases to help his thesis. Powell is also able to prove his thesis by using many prominent scholars in their respected fields. Powell does have some lacking qualities in his monograph.…

    • 1178 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    Forty Three men have served as the President of the United States. Each man brought his own ideas, philosophies and ambition to the office. Some of the these gentlemen have been credited with changing the presidency and defining the age, while others have been credited with being helplessly defined by the events of the era in which they held the office. History gives reverence to all of the men who served in what is considered the most powerful position not only in the United States, but also in the world. Perhaps history shows us, that it is not about getting elected to the Presidency that should be applauded, but how one handles the social, political, and economic climate, which he inherits.…

    • 1770 Words
    • 8 Pages
    Superior Essays
  • Improved Essays

    After the presidency of John Adams, Thomas Jefferson and Aaron Burr were both candidates for the president seat. The two men were tied with seventy-three electoral votes each. However, due to the ⅗ Compromise in the south and the intervention by Alexander Hamilton, Thomas was able to win the presidency seat. This in turn ended rule by Federalists and set in motion the Jeffersonian Era, which was dominated by Democratic Republicans. For the next twenty-five years, Republicans such as Thomas Jefferson, James Madison and James Monroe, known as the Virginian Dynasty would govern the United States.…

    • 1519 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    President Franklin Roosevelt’s foreign policy was influenced in 1937-1941 by America’s ability to improve their economy by trade, increase national security by increasing America’s military and navy strength,, and demonstrate his democratic values by becoming very involved and prepared before entering the war against Germany and Japan. Franklin Roosevelt (FDR) was able to take America out of the Great Depression in the early 1930’s through his liberal, hands on methods; and as a result he had full trust of the American people during the lead up to World War II (WWII). After Fascist dictators such as Hitler (Germany) and Mussolini (Italy) started to break all of the deals that the world had come to in the Treaty of Versailles and other agreements,…

    • 1612 Words
    • 7 Pages
    Improved Essays
  • Great Essays

    Since the day the Declaration of Independence was signed Americans have fought to make sure that our citizens are treated equally for all. Without the work and persistence of people trying to make changes in our country, American history would be almost non-existent. Progressivism has been such a strong and growing ideal in our country that is has not left any Americans affected. From workers, to women’s rights, and even politically, progressive reformers have left no stone in our country unturned. Wherever there was need for improvement and search for equality, activists worked to solve and reform issues in order to make every Americans’ lives better.…

    • 1849 Words
    • 8 Pages
    Great Essays
  • Improved Essays

    Andrew Jackson Outline

    • 555 Words
    • 3 Pages

    I'm going to tell you about the MVP of the battle of new Orleans. Andrew Jackson face is on the 20 dollar bill. He was the president. Also he was the people's president which shows he was a hard worker and more like the common man. Also Andrew jackson fought in the war of 1812.…

    • 555 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    New Deal Dbq Essay

    • 1143 Words
    • 5 Pages

    In 1929, the notorious Black Thursday triggered the Great Depression, which was an economic downturn in the US during the 20th century. Two long-term causes of the depression were the Dust Bowl that led to agricultural downfall and the decline of consumerism that led to the crash of companies and employment. In 1928, Hoover was elected. However, when the depression started, Hoover did not bolster his failing nation because of his own beliefs, which were rugged individualism which is how citizens should be independent of government handouts, voluntary cooperation in which workers and managers will voluntarily work together, and the cycling of ups and downs of economy which is how when the economy goes down it will go back up. The depression…

    • 1143 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    Nixonland is defiantly a must read for those who are seeking to know more about our 37th president, Richard Nixon, and how his presidency really drove a steak between the liberals and conservatives, at which gave the stereotypes that we use in politics today. Throughout the book, Pearlstein uses Richard Nixon as a viewing lens, through which we, as a reader view the time period. Nixonland is much more than just about Nixon, he played such a huge role in shaping how one, debates in current times. It is a brilliant piece of literature that takes you in and describes the social and political history during Nixon’s era. Richard Nixon was a brilliant figure; he could be compared to a chess player.…

    • 1874 Words
    • 8 Pages
    Great Essays
  • Superior Essays

    This essay will compare and contrast two highly revered political philosophers, Freidrich Hayek and John Stuart Mill. Hayek and Mill are widely known for their work on the philosophy of liberty. It is important to compare and contrast these thinkers because of the impact they still have on society today. Hayek is a classic negative liberty thinker, basing his views on the importance of the lack of outside interference on a man pursuing his own will. Mill, however, is a positive liberty thinker, basing his opinions on a man being his own master and attaining his highest possible self.…

    • 2226 Words
    • 9 Pages
    Superior Essays
  • Improved Essays

    Coming to a new country is an excitement for some but for others it is a huge change. Everything is new from what someone is used to seeing and it might feel like they stand out in society. Most individuals would try to change their culture and adopt a new one so that they have a sense of belonging in society. An example of this is shown in the story “Sixty-Nine Cents” written in 2007 by Gary Shteyngart. The author used different symbols to express his ways of leaving the Russian culture and adopting the American culture.…

    • 574 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Both David Kennedy and Paul Conkin both write about the New Deal and what it did- Kennedy applies the New Deal to modern America, and applauds it for its accomplishment. Conkin, on the other hand, is very critical, and believes it fell short in various areas. Kennedy 's account of the New Deal is more convincing as he argues the program 's coherence and effectiveness. His entire argument in his essay was that the New Deal was a productive from the security programs to the economic structure it provided.…

    • 1004 Words
    • 5 Pages
    Improved Essays
  • Decent Essays

    In the article “An Ode to the User-Friendly Pencil”, Laing uses irony to illustrate that he prefers pencil more than computers because pencil has its own maintenance and simplicity. At the beginning of the article, Ling mentions the only modern technology he knows is “frozen waffles” (Laing 1). Frozen waffles are not considered to be a technology, it’s more like a common knowledge. The author uses a ironic way to show that he lacks the knowledge of advanced technology.…

    • 260 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    In the Gilded Age many people used greed to their advantage of becoming well known and wealthy. The definition of greed is the selfish desire for something, especially wealth and power. To the more fortunate, greed was a great thing because they kept gaining power from what they were doing, but to the less fortunate greed was seen as an awful thing because it gave them nothing to benefit from. Some people during this time that were seen as greedy would often give back to the community what they had taken away from it after they had passed. They would do this type of good deed to clear their name.…

    • 982 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    In The American Economic Review (1948), The Role of the Monetary Policy by Milton Friedman debates about how monetary policy can affect an economy. In the earlier days the responsibles of the monetary authorites were to stifle any rise in the interest rate, price and output stability and to maintain the gold standard. The monetary authories did not pay much attention to the monetary policies which lead to the The Great Contraction which destroyed the economy. This prove to show that Keynesian was impotent to suggested that the depression was caused by collapsing of investment, shortage of investment opportunities and stubborn thriftiness. The author ridicules other economists about their point of view of The Great Contraction and the solution…

    • 1049 Words
    • 5 Pages
    Improved Essays