Wall Street: Money Never Sleeps

Economic and Social Effects of the War falls under the AP Theme Culture and Society. The majority of the economy of the South was destroyed by the war because of the separation between the two halves of the country. The agricultural production was slowed because Northern and international markets were closed off from the South’s products. Traditional male roles were abandoned for the fight in the war and so women and slaves had to fill the roles by themselves leading to an increase in the…

The section that happened to catch my attention is titled “The Great Depression,” which is found in chapter eleven. Although I have heard of this point in history many times before, I cannot claim to have a large breadth of knowledge on what the specific events the Great Depression entailed. In general, I predict that this section will describe the specific causes and effects of the Great Depression. In my understanding, the Great Depression occurred not too long after the Roaring Twenties. To…

The following report is on the book Think And Grow Rich written by Napoleon Hill during the Great Depression of the 1930s. The Great Depression was, without a doubt, one of the hardest times in America's history. In 1929 the stock market crashed, jobs and fortunes were lost and the thrills of the “roaring 20s” were replaced by bread-lines, poverty, drought and despair. As the hard-times dragged on, people began to lose hope. Many were lost and directionless. Napoleon Hill lived through…

Throughout the entirety of the United States of America’s existence, no economic crisis had, and to present day has, ever negatively affected so many lives for such a long period of time as the Great Depression did. From 1929 to 1932 over 85,000 businesses failed; more than 5,000 banks suspended operations; stock values on the New York Exchange fell from $87 billion to $19 billion; unemployment rose to 12 million, with nearly one-fourth of the population having no means of sustaining themselves;…

financial information to the public, so investors were investing their money without knowing the facts that surround their investments. Even if the company did disclose their financial positons, management would often fraudulently misstate their numbers in order to draw more investors. This activity by companies was not the main cause for the stock market crash in 1929, but it was a contributor as investors lost large sums of money due to the false faith they had in their investments. After the…

retirement for the elderly, assistance to the disabled, and unemployment insurance. It is still a major part of the government today. Other New Deal programs that impact our lives today include banking reform (like FDIC insurance which keeps your money at the bank safe), stock market regulations (to keep companies from lying about their profits), farm programs, housing programs, and laws protecting and regulating unions. In Roosevelt’s first 100 days of being president, he signed 14 new bills…

Monetary Policy and the Great Depression are related to each other in an economic way. Monetary policy is said to have specifically effected the Great Depression because of the stabilization of money value and trade. The concept of the effect has been debated over for many years even as recent as now. In short the Great Depression was an economic downturn in the United States. The Great Depression consisted of the stock market crash, the failure of people being able to spend and company unable…

Was the Great Wall of China worth building? Hundreds of thousands of people were killed during construction. People had to pay extra money for taxes. People couldn’t harvest their crops because they were busy building the wall. The Great Wall of China wasn't worth building because hundreds of thousands of people were killed, people had to pay extra money, and people couldn't harvest their crops because they were building the wall. Many lives were lost in the construction of the wall. The Qin…

Scrooge, I’m Mrs. Dilber. I don’t know you very well. Actually, I hardly know you at all. We’ve never really met in person. I was your laundress and I can say that if you had continued to be a grumpy, cold-hearted old man, when you passed away I had planned on taking your stuff and selling it. I wasn’t going to do it because I don’t like you, although I’m not overly fond of you, I simply need the money. You didn’t pay me very well you know. I lived in the poorer part of town though all of it is…

Reading the article by Shultz and Whitesell (2005), it seems like in 2003, Bolivia needed to borrow money to finance its annual budget, so they turned to the IMF. The IMF in turn wanted 8% of their national budget, roughly $250 Million. You know the world is in a large wealth inequality when 8% of Bill Gates' current wealth is roughly $6 Billion, 24 times more than 8% of Bolivia's national budget in 2003! Because of IMF asking for wealth, Bolivia had to take desperate measures meaning increased…