Essays on The Great Depression

Introduction

The financial crisis of 2007/9 was the worst in the U.S. since the Great Depression of the 1930s. It was the cause of the failure of some of the biggest financial institutions including Washington Mutual which was closed in 2008, and its assets transferred to JP Morgan. In 2008, the crisis reached its peak with loans dropping dramatically to the lowest levels to be witnessed in a half a century. For example, new loans to large borrowers fell by 47 percent in the fourth quarter of 2008 as compared to the previous quarter and by 79 percent relative to ...

Federalism in the United States has evolved over the past 200 years from an arrangement where state and national government powers and responsibilities were clearly distinct and separate, to one in which the line of distinction between the two has blurred. When the framers drafted the Constitution, they provided separate powers to the federal government in Article One. A few of these clauses extended the power of the national government in order to prevent the hazards faced by the Articles of Confederation. In order to ensure that limitations still existed on the federal government, the Tenth Amendment was included. ...

Walt Disney’s Snow White and the Seven Dwarfs provides an appealing story with various themes and messages. Originally aired in 1937, the film now appears dated; as could be expected, it is rooted in its period. It is culturally important as the globe’s first full-length cartoon, but watching it against the backdrop of today’s society exposes the film’s stereotypes and attitudes towards romantic love. A feminist critique reveals the abusive and superficial nature of romance in the film, whereas an anti-capitalist analysis of the story demonstrates the strong links between money and power. Snow White ...

The Great Depression had already led to unyielding economic hardships under the Hoover Administration. When Franklin D. Roosevelt won the office of President in 1932 and it brought hope to the American people. The Depression had brought shrinking economy, high unemployment rates, a total collapse of the financial system and a general sense of despair among the masses. FDR developed the New Deal to address those issues. The different programs under the new deal addressed unemployment, like the CCC to building park facilities and the WPA helped put people to construction work. The FERA program was designed for emergency ...

CHAPTER II

This chapter will seek to conduct an absolute inquiry into what makes up security interest laws in the United States. In order to lay the foundation for comparisons in subsequent chapters, the three main elements of the study of the Saudi system will be reviewed here in the context of U.S laws with an emphasis on California state law. The features of the California legal system will include the assessment of foreclosure rules and patterns in California. This will include a detailed fact-based evaluation of CCP580 (b), CCP580 (d) and CCP726 (a). The different components will enable the study ...

Many factors contributed to the Great Depression. In America, the roaring twenties produced a false sense of prosperity, America had become the world’s bank that faced the crisis of defaulting loans, and, the failure of banks following the stock market crash each contributed to the great depression. The most damaging of these, in my opinion, was the American attitude that created a false sense of prosperity and caused behavior in individuals that had a significant impact on the economy. During the 1920’s, the economy was reaching new heights and Americans were spending at excessive amounts. However, the ...

Background Information

Harley-Davidson Inc. is one of the largest motorcycle manufacturing companies that has not only dominated the United States market, but also other parts of the world. The Company has 100 years experience in terms of motorcycle manufacturing and has attracted a broad base of clients across the United States (Brannen, Jeffrey and Nabil, 11). Economists have mentioned that Harley Davidson Inc. is one of the two motorcycle manufacturing companies that did not experience significant impact as a result of the Great Depression (Zarco and Morgan, 47). Besides, the company has undergone a series of management as well as ownership ...

Abstract

The Great Depression during the 1930s was referred to as the most severe economic downturn that affected the United States and the global economy. The depression lasted for almost a decade, and some economists and monetary scholars blamed the failure of the banking institutions to come up with effective policies to maintain a sound standing. The banks were not sufficiently prepared to deal with erratic economic movements. Consequently, there were also those who argued that the Fed should be blamed for the economic recession because of their failure to adapt sound monetary policies. It was pointed out that the ...

Abstract

Radio has definitely been one of the most significant technological devices for more than a century. From the moment of its invention in the early 1800s till new developments in recent years, radio has performed a lot of important functions. Throughout the history, radios helped to supply communication and provide entertainment to many cultures. More than one hundred years already, radio still remains a powerful force in American life that will also retain its potency for some time to come. This unique form of mass media has the potential to reach any people, even the illiterate ones. No matter ...

Across his journey of fifty years as an artist, Pinkney has succeeded in viewing the world from a different and better perspective and coming up with outstanding images that reveal his love for life, race, community and culture. His works of art offer a significant proof that good acts, no matter how minute are never a waste when displayed in beautiful images (Llanas 45). Initially created for product advertisements, greeting cards, covers and pages of periodicals, postage stamps and well-travelled historic sites, Jerry’s have also been displayed in more than one hundred illustrated books. One of the most ...

1. The Financial Crisis: Avoidable but Inevitable Theoretically, the financial crisis could have been avoided as investigation findings revealed . Under the circumstances however, the crisis was an inevitable consequence of everything that was going. The Federal inquiry concluded that the 2008 financial crisis could have been avoided. The crisis was the result of “widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street”. It was the result of “greed, ineptitude or both” on the part of government and the private sector. Among the persons found responsible for the crisis included Federal Reserve Chairman Alan Greenspan and, ...

This paper will look at the similarities and differences in the Presidencies of Barack Obama and Franklin Roosevelt. Roosevelt became President during a trying time for America. The Great Depression was in full swing caused by the fact that Wall Street and the banks had collapsed causing millions of people or about 25 percent of the population. to be without jobs or financial security (Miller). When Roosevelt came into office he put together an economic package known as the New Deal in order to help alleviate the crisis and get men back to work. Almost seventy years later in ...

Prior to the Great Depression policy makers in the United States generally tended to accept that business cycles happened and in accord with Adam Smith's "invisible hand," tended to be self-correcting. The stock market crash of 1929, and the more general problem of massive unemployment forced a reconsideration. Smiley (2008) and Bernstein (2016) both point out that the human face of the Depression left no choice but for some government intervention. Jahan and Papageorgiou (2014), discussing Keynesian Economics put it plainly: “The central tenet of this school of thought is that government intervention can stabilize the economy.” The centerpiece ...

INTRODUCTION

Many countries rely on agricultural crops for the food security of their citizens and the stability of their economy. Cultivating crops allowed humans to meet their increasing demands for crops and continue to prosper. Without agricultural products, civilizations would have been different or would have failed to exist. People would have relied on gathering crops and end up exhausting every available resource there is. Nevertheless, as societies and their demands for agricultural crops advance, more strain are put into the environment. People have cultivated crops continuously and some have done it without much regards to the environment. There have ...

Introduction

The United States is one of the most developed countries, but it is also one of the countries with the highest level of income inequality. According to research, more than half of the nation’s income goes to only 5% of the population, while the remaining half is shared by the 95%. One way of measuring a nation’s income inequality is through the Gini coefficient. The Gini coefficient measures income inequality on a scale of 0 to 1 wherein 0 corresponds to total equality; a scenario wherein everyone is earning the same amount while 1 corresponds to total ...

The descriptions of the period of the Great Depression provided by Angie Wight and William Wight help to understand the conditions which were typical for workers at the time of the Depression. First, people did not have too much food to eat at the time of the Depression, and numerous people used to be hungry at times; to receive certain food, people had to stand in lines for hours. Second, there was a serious shortage of appropriate clothing; people had to wear ragged clothing and go with holes in the shoes. Third, there was a severe shortage of money; ...

Jane Doe

Historically, the United States experienced a dramatic shift in class inequality between the 1930’s to the 1970’s. In the 1930’s the American people faced some of the worst economic times that left a large percentage of the population in severe poverty. The Great Depression changed the landscape of the nation that was once thriving, into a struggling country filled with desperation. It is during this period that those who once were in a higher class fell to a lower class status, which began to level out the variation in class inequality. However, as FDR became President ...

Introduction

A discussion among the classical economists and the Keynesian economists continues on the government intervention in the free markets. According to the classical economists, the free market mechanism can develop solutions for the crisis in the market if there is no external influence on the markets. The Keynesian economy merely expresses that the free market economy carries the risk of generating crises and undesired deficit or surplus in the economy when the demand cannot clear the supply (Posner 234-252). The discussion on the government intervention is changing direction each time the world economy suffers from a global crisis becomes ...

Introduction

Throughout this discussion, we will analyze the history of life insurance companies, any major events which impacted the life insurance industry, including the Great Recession of 2007 which lasted for two years, rules or regulations proposed by Congress that govern the present operation of life insurance companies, including any changes of insurance laws, the current Presidential candidates plan on implementing for the life insurance industry and future expectations of the operational life insurance environment.

History

The life insurance industry began in the ancient city of Rome around 100 B.C. The Roman militant leader named Caius Marius, had created a certain ...

Explain significant international and domestic challenges that the United States confronted since World War I.

A. Explain the major causes of the Great Depression: The Great War, now known as World War I, had a profound impact on the international political and economic system. The fallout from this upheaval left many countries economically and politically devastated. A variety of industries and businesses were effected by the destructive violence that was brought by the war. In order to maintain their resources a variety of nations had bankrupted themselves, turning to borrowing or even printing their own money to continue. Furthermore, the war disrupted the generally stable patterns of international trading routes, leading to the dissolution ...

Although many people and critiques have link John Steinbeck's book, the Cannery Roy, to the Great Depression, capitalism and creative economies, critically analyzing the themes and other aspects of the book, it does not relate in any way with these three historical phenomena. For instance, the book purely talks about a life of a community known as Cannery Row. This community consists of the street children, quack doctor, and unscrupulous business women. The street children who are led by Mack forces Lee to give them one of his halls so that they can have a place to live in ...

Ben Bernanke, the chairman of the US Federal Reserve from 2006 to 2014 stated in the year 2015 on October 4  that for the first time the federal reserve has taken the decision to raise from 'zero interest rate' and the decision was taken after the great depression. When the markets crashed in the year 2008 then the monetary policy of the federal reserve saved the economy to recover from the recession. However there are other criticisms that the 'zero interest rate' policy of the federal reserve was the reason of the Great Depression of 2008. But Bernanke argued ...

The film shows the plight of ordinary American people in the events of America’s Great Depression. They become migrant workers when they end up in a ranch in California. They are in search of work and opportunities for their family, but the best of opportunities are not given to them by the people they work for and live under. Food prices are ridiculously high on purpose such that they cannot afford good food; bottom line the ranch owners they work for oppress them. The camp in which they live in is crowded; the immigrants are starving and desperate. ...

Public-private ownership economic systems or hybrid capitalist economic system refers to a form of capitalism where private business ventures and public or government service enter into a long term contract with an aim of completing a project that will serve the public. Hybrid capitalist economies can be employed in funding, financing, building, developing and operating projects like infrastructure, health, conventional centers, tourism, transportation networks and sanitation for the benefit of the general public. Public-private partnerships are very crucial in allowing projects to be completed in time through financing. The private sector often offers a service to the public while ...

Intricacy and complexity of Arthur Miller`s play Death of a Salesman reflect not only existential along with social anxieties and miseries, but, also, American reality of the post-war period, when the US society seemed to get rid of devastating effect of the Great Depression and aftermath of WWII. In his play Miller depicts an average American who, like the rest of the world, has a dream. However, taking into consideration national and social peculiarities of protagonist this dream is tightly connected with more ideological notion entitled – the American Dream. Thus, through play`s protagonist, Willy Loman, one may ...

Nowadays, many people will stipulate that the Great Recession of a few years ago was just as bad, if not worse, than the Great Depression. There are similarities and patterns, to be sure. The effect globally was indeed worse this time around, because the world’s banks are far more intertwined and globalized now. People experienced a hard time getting back on their feet, and we had (and still have) a congress that is completely ineffective, throwing money at problems rather than actually fixing the regulations that allowed such a tremendous recession to take place. On the other hand, ...

Major Themes

1) The increased role of the government has led to significant changes in the Economic system of the USA. Many experts consider the New Deal policies of President Franklin D. Roosevelt the beginning of the social security system of the federal government. In the middle of the Great Depression, many people did not have work, many families were affected by poverty and hunger, respectively. However, a number of New Deal programs such as the Federal Office for Emergency Relief, which provided considerable financial support for state and municipal relief operations, emerged. Administration provided the fund for the population and ...

1) Which were the primary causes of the Great Depression? According to Walton and Rockoff, an acceptable explanation for the Great Depression has to distinguish between the initial forces, which brought a downturn in financial activity, and later events, that turned a downturn into a calamity. We can detect two issues on the economy that foreshadowed the real slump in economic activity. First, there was a decline in the construction industry that began 1925, that had a significant impact on the depression. Second, the agricultural sector suffered greatly, with falling world prices and massive indebtedness (422). Walton and Rockoff ...

Abstract

Timely and successful change represents a crucial aspect of an organization’s evolution, given continuous changes in external environment and ever intensifying competition at the market. This paper focuses on the scope of change, required for Simmons company, and its implementation. It is envisaged that the change would increase the company’s revenues, leading to an enhancement of its competitive advantage. The rationale for change is justified by the references to empirical research, undertaken within the organizational settings. The paper starts with the problem statement that diagnoses the current state of Simmons corporation. The analysis of the case study ...

“A Rose for Emily,” published in 1930, is one of the classic short stories written by renowned author, William Faulkner. It is a story that has left many questions by readers in terms of the meaning or symbolism behind Emily Grierson’s character and the events that take place surrounding her life and death. The story has a macabre feel to it, as it is examines the possibly insanity of the main character and the strange decisions she has made in regard to the dead body of her father, and then Homer, the man she was hoping to marry. ...

The play Fences by August Wilson is set in the American urban setting in 1957. After the end of the Civil War and the Reconstruction, it is clear that the White Americans and the Black Americans had been segregated in almost all areas of life (Tribute To August Wilson 1). These arenas included buses, schools, and even in sport, for instance, baseball. The play gives a practical example of a great player whose dream is crushed along racial lines, despite being good in the game of baseball. Troy Maxson, who is the protagonist in the play, defines his life ...

Introduction:

The women’s rights movement in the United States came about due to the dissatisfaction of many women within the United States about their lack of influence in politics, equality in the home, and opportunity to study. The reason that this was even an issue was due to the fact that women lost a great deal of freedom in history when Christianity gained popularity. Due to the spread of Christian values, women took a different role that was more modest and family-oriented. As a result of this, women over the ages grew very stagnant in their role in the ...

It is a photo of Florence Owens Thompson and her children taken by one Dorothea Lange of the Farm Security Administration documentary. The migrant mother photograph as has become popularly known has been a perfect representation of the untold suffering of the average working American class that lived in the period of The Great Depression. The photo artist brings viewers of the photograph to the personal space of the subject of the picture Florence Thompson and her children. This enables the photo artist to highlight an issue of great concern in the society and one that needs immediate action. ...

Abstract

The current paper explores the main differences of the Great Recession in 2007-2009 from other economic collapses in the history if the United States. Section I discusses the general features of a recession and describes the main responsibilities of the National Bureau of Economic Research. Section II is devoted to the comparison of the Great Recession with the recession of 1980s. The section is divided into four subsections. Subsection A presents the basic comparison of recessions in the U.S. history and explains the choice of the 1980s period for the further comparison. Subsection B explores differences in unemployment in ...

The 20th century was a defining time in world history as well as American history. The world war is evolving with the success of the industrial revolution and the mechanized world changing the way things worked every day. There were, however, certain defining moments in American history between the 1920s and 1990s which altered the country’s social, political and security conditions from time to time. However, they have contributed to the progress and later conditions of the country. These include the great 1929’s and the Great Depression, the 1941 attack on Pearl Harbor and the 1964 legislation ...

The concept of the American dream has been widely interpreted by many people to mean the national values that guide America towards attaining prosperity (Adams, 23). One such literature work that has tried interpreting the American dream is Arthur Miller’s ‘Death of a Salesman’. In this play, the author puts his focus on the concept of the American dream. In one way or the other, the play exposed the weak points and the failures of blindly having faith in the American dream, as it leads to a tragedy. Although there is no doubt that the American national values ...

The prominence of the US as a world’s superpower has been shaped by a series of historical events. Most of these historical events greatly influenced various policies that informed how the country engages with the international community and how to handle national issues that confronted the American citizens. Some of the events that shape the US foreign and local policies include;

The great Depression (1929-1939)

The Great Depression was the world’s longest economic downturn in the world.Zinn reiterates that the Great Depression started in the United States in October 1929 when the stock market crashed. The condition sent panic among investors ...

A political party is a grouping of individuals who come together to compete in elections and hold authority in the government. Often, political parties agree on specific policies and programs that are intended to enhancing the collective common good of their supporters. Despite the fact that there are many international commonalities in the organization of political parties, there are a lot of differences concerning the ideological cores. In modern democracies, the political parties are elected by the citizens to form a government. Many nations in the world have various party systems. For instance, China has a one-party system while ...

Introduction

Fried Green Tomatoes is a 1991 comedy dram film written by Carol Sobieski and Fannie Flagg. The film tells the story of a friendship between two pairs of women – Ruth and Idgie during the Great Depression of early 1930s as well as that between Evelyn and Ninny in the 1980s. It happens that Ninny knew Idgie and Ruth and she tells of the stories about these two women to Evelyn who is in her middle ages (Avnet, 1991). The central issue in the film concerns the murder of Ruth’s abusive husband Frank after which numerous accusations on the ...

Introduction

In 2008, the entire world was rocked by the biggest financial crisis since the Great Depression. The crisis first affected the entire financial system of the United States before then quickly spread globally. The casualties of the crisis included the whole investment banking industry of the US. Other casualties were the US largest insurance company, largest mortgage lender, among other firms in the financial services sector. The US auto industry was severely hit leading to loss of jobs. The US unemployment rate increased by 4.9% points from the third quarter of 2007 to the third quarter of 2009. The ...

Langston Hughes poetry and social activist

Langston Hughes was an American social Jazz Poet, novelist and an activist who used American language, religion, music, slang to educate the globe about the lifestyles of American people at the times of Harlem Renaissance. The main theme that trolled in his poems were the social problems of the blacks who lived in low earning settings (Carl, 2004). Much of critique targeted the prejudices and the divisions that were common in the people of color within the community of the blacks. The poems were activist in nature as they dealt with how to be oneself issues and encouraged the ...

The great migration saw mass exodus of a whopping 7 million blacks from southern states in the US to the Midwest, Western and Northern states in America. This occurred between the periods of 1916 to 1970 (Arnesen 1). There was widespread practice of racism in the south with Whites enjoying the benefits of white collar jobs, goods schools for their children, conducive living environment, and political dominance. This pushed away the blacks who moved to the Northern, Midwest and Western states to seek employment into the industrial cities like Philadelphia, St. Louis, Baltimore and Chicago and other small cities. ...

What insights do the Lange's and the stories by actual women who lived during the Depression give you about women's lives and roles in the Great Depression? Answer. The insights given by Lange’s pictures and other stories from women who lived during the era of great depression explain the plight of women when they were not able to comply with the sudden loss of their jobs and source of income (Pehlan,"The Story of the Migrant Mother"). The great depression eroded the business and associated employment with them but the women were not only victimized of the economic ...

Abstract

The Farm Security Administration (FSA) was established to address chronic rural poverty during the Great Depression in the US. A string of known and unknown artists was hired by the organization to capture the images of poverty and lives of rural farmers, with the hope of garnering support for them. The essay describes FSA briefly and then goes on to select a social documentary photograph from an FSA photographer. It evaluates the photograph and how successful it is in expressing the hardships faced by countless rural farmers and migrants during the 1930s. The essay discusses the selected photographer Dorothea ...

Introduction

According to the International Labor Organization, unemployment is a phenomenon, which happens when the people, who currently don’t have a work are seeking for it (1982). The main indicator of unemployment situation in the country is unemployment rate, which shows the percentage of unemployed people in the total number of labor force (the number of all people of working age). It is calculated by dividing the number of the individuals, who don’t have work at the certain moment of time by all individuals able to work at the same moment of time (The Saylor Foundation). The unemployment ...

The economic crisis of 30s of the 20th century is the most powerful crisis with the direst consequences of a global nature. The Depression changed the relationship between the American people and their government, caused the movement from the self-regulated economy to direct regulation by the government and became a period of great reforms. In the economic ideology of that time totally dominated the doctrine of the state noninterference in the economy - "laissez faire", postulating that market forces have unlimited opportunities for self-regulation (Shlaes). Another important component was a pronounced liberal-democratic ideology based on individualism, the principle of ...

The Great Depression of 1929 is one of the most tragic collapses in the history of America. It was a direct threat to the cultural and social foundation of the great American nation. The complacency that had been allowed to flourish during the so-called Roaring Twenties created the foundation for the eventual collapse of the Stock Market. The famous American Dream was for the first time thwarted by the market dynamics. The collapse and devastation of the Great Depression coincided with the entry of Franklin Delano Roosevelt into the presidential seat. His entry into power rode on the concept ...

Quite often, America's entry into World War Two has been attributed to the Pearl Harbor attack by Japan in 1941. While that is the case, the background to Japan's attack is what drew America into the war with the Pearl Harbor attack being a mere pretext. From the onset of the war, America's policy was to maintain neutrality as envisaged by the new Neutrality Act of 1937 (Chambers, 100). By default, the Neutrality Act served to embolden Germany's quest for domination of Europe. That is because America's non-involvement made it easier for Germany to attack France and Britain. America's ...

Franklin Delano Roosevelt is among the most influential American presidents. He took over as president in 1932, three years after the start of the Great Depression. As president, Roosevelt wasted no time in rolling out a series of federal government programs aimed at giving relief to the poor, recover the ailing economy and review the country’s national approach to economics. Roosevelt’s new structured formulae were collectively dubbed, ‘The New Deal.”After four years in power, the depression showed no signs of ending hence drastic improvements to the economy were needed. When Roosevelt accepted his party’s nomination ...

DD Month YYYY

1. World War II. Explain how the U.S. got involved in World War II. What interests were considered especially important? What factors were critical in winning the war? What lessons could we learn from this experience? The U.S. got involved in World War II due to the aggressive actions of Japan. The U.S. got involved in World War II on December 7, 1941, when Japan unexpectedly attacked American military forces in the Pacific. The Battle of Pearl Harbor was the official reason for entering the war. Japanese military forces damaged nearly 18 warships, destroyed 164 aircraft, ...

Introduction

Much of the human suffering and economic disadvantages that occurred during the Great Depression (1929-1933) were a result of the boom mentality and unregulated business practices of the 1920s. People with a corrupt kind of business acumen exploited the weakest segments of society in the poorest regions. Praying on a naïve boom psychology, businessmen led a devastating attack on the Midwest that ultimately was not curbed by politicians or financial institutions until the middle 1930s. New businesses exploited weak government controls and took on many of the same exploitative practices as the Robber Baron businessmen of the 19th ...

The New Deal was a relief for many Americans because it brought many changes both socially, politically, and economically. Franklin Roosevelt’s New Deal had tremendous positive and adverse effects on the lives of women. On the downside, the New Deal permitted unequal wages and job opportunities for women as men were given the available employment opportunities. Moreover, most relief programs during this time only targeted the men leaving the women out. On the positive side, after some time, many women were able to get jobs and appointed to take on employment in the government. In addition, they were ...

I love Lucy is one of the pioneer sitcom comedies shot in front of a live audience in the US. The setting of the sitcom is in New York with the show following the life of Lucy Ricardo and her husband Ricky Ricardo, who is a professional singer. The show also includes the couple's friends, Fred and Ethel Mertz. The show follows the life of Lucy, who is naïve in her ambitions to become a star in the big city. Together, the cast gets into various hilarious situations that are brought about by the actions of Lucy in ...

History

The Great Depression of 1930s has played a very important role in changing views of Americans regarding labor and unions. There were many people employed, but after elections of the year 1932, the focus of government and courts shifted towards pleasing the labor. In the year 1935, National labor Act was passed. This act is also known as Wagner Act, which justified the rights of labor or workers for changing their representatives in democratic manner and gives right of bargaining collectively with employees. This act has ensured protection of labors from injury and interruptions by removing unrest from the ...

The United States of America suffered great economic recessions like the bank panic and depression in the 1820s. Again, there were the hard economic times that came in late 1830. The most significant economic illness that was so dark and so long came in 1930. It is what is commonly referred to as the Great Depression (Eichengreen and Barry 200). The adverse economic problem varied across many nations, having started as early as 1929 in most of the nations. It had its roots in the US after a significant fall in the stock prices that began in the last ...

The Review of ‘The Glory and the Dream’ by William Manchester

Describe the central theme and objective of this reading. Cite examples from the reading. Recently I’ve read the book on history called ‘The Glory and the Dream’ by William Manchester. ‘One more boring history book,’ you may say. But you shouldn’t draw any firm conclusions at once. Let me prove you that even history books can be interesting and absorbing. Are you ready? So, let’s go. There are two volumes of this book which the author called a narrative history of America. It comprises the information about the years from 1932 to 1972. And, unlike other ...

Introduction

Monetary policy is the endeavor by the federal or state government to control the amount of money circulating within an economy. These control measures are undertaken to cub the instances of inflations or to control the interest rates to sustainable levels. Monetary policies can either be expansionary or contractionary. Expansionary monetary policies are meant to expand the supply of money to the economy thereby boosting the economic activities (Afonso, 2012). Expansionary monetary policies also lead to a reduction in average interest rates. Contractionary monetary policies, on the other hand, are macro-economic tools used by the federal or the state ...

Abstract

Use of photography as a medium of propaganda has been a much-debated subject. After all, the term propaganda holds a negative implication to it. A photographic image cannot literally say anything and are expected to communicate authentic information. Still, under the influence of the intention and propaganda, many argue that photographs often give inaccurate representations. The essay discusses the subject of the use of photography for propaganda and their ability to be manipulated. Democratic and authoritarian governments alike have exploited the potential of photography and used the camera as a tool to portray situation the way they want to ...

Introduction

The corporate governance is the mechanisms that involve the rules, processes and the practices to which an organization is directed and controlled. Therefore, it is a process of balancing the interests of many stakeholders in an organization, which mainly includes the customers, financers, management, suppliers and the community. It provides the foundation and framework for achieving the company goals and objectives, and it looks at every part of the management including their actions, performance measure and corporate disclosure. It is a field in economics that investigates on how to motivate and secure the efficient administration of the corporations by ...

Social Security was founded in the early 1930s in America. To be more precise, Social Security Act was signed by President Roosevelt in 1935 as part of the New Deal. To-date, it is one of the largest programmes of the government in the United States. The program is based on the theory that each one generation of the workers that are retiring will be sustained in retirement by those who are still working in the current times. Undeniably, during its introduction, the program showed a great achievement more especially during the era of the Great Depression. Unquestionably, this program was ...