Agricultural subsidy

Food prices started to rise because of the reduction in the agricultural production. The western half of the empire had a large trade deficit with the eastern half. In the purchase of the luxury goods from the east, the west part did have nothing to pay them in exchange. Consequently, government was threatened by bankruptcy…

Social Security is one of very few domestic programs that have been both federally created and federally funded and are administered exclusively from Washington. It is a rare case of highly successful public policy that has been both popular and effective since its inception in 1935. Its main function is to pay cash benefits to those who have reached retirement age or suffered the death of a spouse and mainly seeks to provide an essential financial safety net beneath private savings. While…

One hundred years after the signing of the Declaration of Independence, the Centennial International Exhibition of Industry was created in order to celebrate America’s past and lend an eye to its hoped for future of prosperity. Attended by the President of the United States and in the presence of members of Congress, the Supreme Court, the Cabinet, many other national, state and municipal officers over 150,000 people and even the Emperor and Empress of Brazil the fair commenced. Although not…

Malthusian Prophecy As a child growing up in the Michigan winters, I grew fond of the snow. As I grew older, the winters seemed to become less intense in regards to frequency and amounts of snowfall. Perhaps this was confirmation bias at work. However, I recently asked my father if he had ever told himself or others, “We don’t have winters like we used to.” He humbly replied yes, that he had thought about it. That is an example of global warming. It wasn’t just my confirmation bias at work; it…

blended in like the ‘Zelig” character of the cinema. Their attitude was, “We will pay taxes. Leave us alone.” Shtetlach were governed by The Council of the Four Lands – Great Poland ;( Posen); Little Poland (Cracow; Red Ruthenia around Lemberg and Volhynia, now North-west Ukraine). The Jews of Poland formed a nation within a nation. After In 1764 the Polish Parliament (Diet) dissolved the Council of Four Lands, Kahillas (decentralized Councils) replaced them as its judicial, religious, and…

activity. Although this threat is ostensibly Marxist militant groups operating under the banner of ‘Naxalites’ , the Indian government highlights that strong affinities exist with internationally supported terrorist organisations. Some traditionally agricultural districts are increasingly important to India’s industrial growth; as they harbour significant mineral and rare-metal resources. Poor security outlooks could reduce investment and reduce stability in these regions. India’s federal…

The Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power, and Politics of World Trade by Pietra Rivoli follows the life of a t-shirt, from cotton farms in Lubbock, Texas, to the textile factories in China, back to America, and then to used-clothes vendors in Tanzania. Along the way, Rivoli discussed the political, economic, and social forces that affect the textile industry, free trade, and globalization. Rivoli’s journey began when a student activist at…

are placing the food into the ovens with the food wrapping rather than cooking fresh food from scratch. According to Sarah from The Healthy Home Economist “The national school lunch program is nothing more than a dumping ground for agricultural commodities that subsidy supported industrialized farms dispose of on the government. Only the cheapest, most nutritionless, most highly processed garbage food makes the cut for the school lunch program.” (Sarah) Sarah is insisting that the food that…

The unparalleled outburst of railroad construction was a crucial case. Transcontinental railroad building was so costly and risky as to require government subsidies, as it had in many other industrialization nations. Everywhere, the construction of the railway systems promised greater national unity and economic growth. The extension of rails into thinly populated regions was unprofitable until the areas could…

abstructing the delivery of mail. The average idustrial worker 's salary was $625, the average farmer 's salary was $260, and the poverty line was at $500. The Railroad industry had tons of money invested into it, the government awarded generous land subsidies, and bankers like J.P. Morgan provided the financial capital needed by the industry. J.P. Morgan saved the United States from bankruptcy twice. Our…