Structural unemployment

The Great Depression halted the success of amusement parks from the Roaring Twenties and before because of recognizable reasons. Although the phenomenon of amusement parks and roller coasters was at its peak, it came to a sudden halt in the year of 1929. The stock market crash during this time put America in a standstill. Americans were left speechless and hopeless as they saw the economy disintegrate before their very eyes. The dissolution of the economy lead to the Great Depression which had a…

first financial disaster that occurred in the United States during James Monroe terms of presidency. The effect of the Panic of 1819 resulted in mortgage foreclosing, failed banks which resulted for people to go into bankruptcy, widespread of unemployment throughout the states, falling prices, and people forced to move out of their houses. This epidemic lasted until 1824. There were many causes of the Panic of 1819. Some of the causes were the poor management of banks, too many banks that…

The Life You Can Save is a novel published by Peter Singer in 2009. Singer tries to get his readers to consider doing something more to help others. He brings up the question of what obligation do we owe to those in extreme poverty. He has several scenarios laid out each different but mostly having to do with sacrificing something of yours or someone’s life. One scenario he brings up in the beginning is that you’re running late to work and you see a toddler flailing about in the water. Most…

A government shutdown occurs when Congress fails to pass necessary spending legislation for government operations and agencies. A full shutdown ceases certain government programs as determined by The Office of Management and Business. The most recent ones prior to 2013 were those under the Clinton administration in which the issue was the United States deficit budget. Political disagreements within Congress, regarding the funding of different agencies and operations, are the primary cause of a…

I read Life Boat Ethics: The Case against helping the poor. This happened to be one of my personal favorites of the essays I have read out of this book. The essay talks about how the world is growing so rapidly in some places and it has a lot different outlooks on the world compared to most things I have read. It talked about all the poor countries and poor people the world and that if they keep reproducing there will be so many people in this world that we will not be able to support all of…

Name: Course: College: Tutor: Date: Adolph Coors Brewing Company: Case Analysis 1.0: Explanation of the decline in performance in the period of 1975 to 1985 Adolph Coors posted a declining performance in terms of financial and operational reports from 1975 to 1985. The sole contributor to Adolph Coors is the business operations. By comparing year 1975 with year 1985, it is evident that despite increase in operational capacity, Coors performance posted a sharp decline in the operating revenues…

Summary: Through history socialism has shown people that it is not effective in different countries around the world. A great example of this is my country Venezuela, there the government is trying to apply this type of economic system for the past 17 years, and it haven’t done anything better for the country. The country is a total disaster on the economic area and people is starving just for the fact that the government did not know how to manage their basic needs productions. This article…

Minimum wage is a relatively new concept in the labour market. It was created with the idea that minimum wage will be a stepping stone into a better paying job in mind. As the years have gone by, minimum wage jobs have evolved from supporting teenagers and giving them the necessary experience in the work field to supporting families. It’s this change in dynamics that fuels the argument that minimum wage should increase to a living wage. What people fail to realize is that minimum wage exists for…

During the decades of coketown industrialization, profits flowed to the factory-owners, and wealthy entrepreneurs who made up a small portion of society. As a result, workers worked in harsh conditions, and faced constant poverty. The significance of Fordism is that it gave workers higher wages, spreading the prosperity of industrialization to the masses, and marking the beginning of consumerism. J. R. McNeill describes this best when he writes in his book Something New Under the Sun “Ford saw…

Is capitalism better than communism? Some people think capitalism is better than communism because it rewards hard work and promotes economy. Others think that communism is a better government system because everyone always have food and money. After reading and examining the facts it is evident that capitalism is better than communism. With capitalism it allows people to strive because they can have trade and personal items and business. Capitalism allows an individual to work hard to excel in…