Business cycle

Why is it that every time we turn around, we have a shortage in the number of jobs and a surplus in the number of unemployment? Or the reason why we have fewer teachers and exceptional rates of large costs of tuition? The answer is simply recession. Michael Schuman, and American author and journalist, writes about the International Labor Organization (ILO), and figures that “about 75 million people, ages 15-24 are unemployed globally, and two out of five are jobless. Since 2008, the recession…

The Great Depression was a horrible time period in United States history. The 10-year reign of the worldwide depressions affected the people of the United States of America, they didn’t have jobs and were in poverty. 33% of Americans were unemployed and the whole nation was in a panic. But the changes that happened in the 1930s led this horrible time period to a conclusion. Like with the help of the new President Franklin D. Roosevelt and celebrities like Will Rogers, Woody Guthrie, and John…

While the inflationary policies of the early 1920s had disillusioned “much of the middle class,” the advent of the Great Depression proved most consequential in engendering widespread disaffection with Weimar democracy. As the financial panic transformed into a production crisis, thousands of industrial laborers were laid off as market demand for goods “collapsed” as unemployment peaked at roughly 40%. The collapse of industry in the cities, meant that urban dwellers had less money to spend on…

any expenses they can. Cutting expenses may even mean to cut people’s jobs. Another benefit to a recession is that it causes you to get and think more creatively. It makes you want to conserve what you have and not waste anything. If you are a business owner, you could make your products more accessible, reduce your operating costs, use innovation to match supply and demand, if you fail at something, try to fail cheaply and solve your customer's pain. By solving your customer’s pain, it will…

Great Depression Do you think that today's work is difficult? During the Great Depression it had left several effects on the people. This left many citizens in multiple situations. The people were left with not enough money, having to leave their materials behind, including having no job. For starters, the people were left with not enough money. According to the memoir “Digging In,” it stated “At one point in the Great Depression, the cupboard was literally bare of money.” Which shows that…

Apart from the Revolutionary Era, which remains to be the greatest time period of our nation’s history. The 20th century from 1900 to 1975 seems to remark the highest and lowest points of the United States. Events during this time period such as WW2 and the economic downfall and rise of the US intrigued me to unravel further into detail. During this 75 year period, two World Wars occurred. World War 2 impacted the US the most as events like the Attack on Pearl Harbor tipped the US entering in…

Seabiscuit reminds me of the African proverb “smooth seas do not make skillful sailors.” While the main characters–Red Pollard, Seabiscuit, Tom Smith, and Charles Howard–are known for their incredible gains, their losses cannot be forgotten. With each of casts’ misfortunes came their American dreams, even if they were not aware that they would need each other to achieve it. This dream would be lead by Seabiscuit. Seabiscuit was undersized, fairly gentle, and lethargic compared to other horses.…

The 21st Century housing market collapse led to the stock market to take its worst loss in history, second to the Great Depression which was caused by the stock market collapse. Both of these recessions were felt around the world. The unemployment rate in December of 2007, prior to this catastrophe, was 5%. After this crash the unemployment rate in America doubled by August 2009. American households lost nearly 16 trillion dollars since the 2008 recession started. This debacle flipped America's…

One can only imagine what kind of human Seabiscuit would’ve been. But he was born a horse and he made history. 1933: the worst year of the Depression, one in four people are unemployed, and the first concentration camp in Germany was opened. This is the world that the soon-to-be great racehorse Seabiscuit was born into. Seabiscuit had the bloodlines of one of the greatest racehorses of all time- yet when he was born, he was small ran weird, and was extremely stubborn, causing people to think he…

Out of the Great Depression rose a slur of people desperate enough to do anything in order to provide for themselves and their families. Young farmer, "Pretty Boy" Floyd was put in poverty by the Dust Bowl, a great drought that prevented farmers from farming. As a result, he was pressured by the times and was forced into a life of crime. His infamous name as a gangster lives on through generations due to his disturbing deeds during the depression. His crimes are stories that will be never…