Recessions and Depressions Essay - 1653 Words

America has experienced several recessions and depressions in the past. Most recently, the housing crisis sparked a recession which has led to rising unemployment. The largest recession so far has been the Great Depression of the 1930s. A stock market crash in 1929 caused loss of savings which led to unemployment, lower wages, and a distrust of the banking system. The affects of it lasted into the 1940s. Franklin Roosevelt was elected president during this period; legislation he passed tried to alleviate the suffering of the public. As a result of the Great Depression, Franklin Roosevelt created the Civilian Conservation Corps to employ jobless young men and improve government land. The decade directly preceding the Great†¦show more content†¦The average stock price tripled from 1925 to 1929. However, the stock market took a definite change of direction on October 24, 1929 when a record 16,410,030 shares were sold. This abrupt stock market crash led to the next decade, known as the Great Depression (â€Å"Roaring Twenties†). The stock market crash of 1929 directly caused the Great Depression; however, many factors contributed to the fall. No one factor of combination of factors can be said to be the predominant cause of the stock market crash. Economics is not an exact science. It contains plenty of room for fluctuation (Nardo 36). The public was quick to blame the government. Herbert Hoover, President during the stock market crash, offered three main explanations for the crash: a slump in stock speculations, economics outside the United States of America, and World War I. The World War I theory was widely criticized and Senator Carter Glass thought it was no more the cause of the crash than the â€Å"war of the Phoenicians or the conquest of Gaul by Caesar.† (Nardo 36). The excuse that it was out of the United States’ control might have been accurate though. While the Great Depression was a global event, not all countries entered it at the same time. Eight countries - Canada, Ar gentine, Brazil, Germany, Finland, Poland, Australia, and the Netherlands Indies – entered the depression before the USA. However, nearly twice that numberShow MoreRelatedThe Great Depression And Recession952 Words   |  4 Pages Thank you for providing students the opportunity to explore their perspectives. In this reflection paper, I will summarize my comprehension of the Great Depression and Recession, react to readings and lectures and share my views of a remarkable article that I recently read. In today’s fast-paced world, students, similar to many Americans, do not have enough time in a day to notice the intensity of the economy in their ultimate satisfaction, happiness, and overall well-being. Thus, America’sRead MoreGreat Recession And The Great Depression906 Words   |  4 PagesGREAT ECONOMIC TIMES IN AMERICA The Great Recession and the Great Depression are the fallout of the exact same economic problems and are only different in a few respects. Each period is marked by a massive run ups in asset prices followed by a crash in the stock market and sent both debt and equity markets down. These periods are said to be the worse economic downturn in the country’s history. During the great depression, as banks failed and threatened to shut down the financial system altogetherRead MoreThe Great Depression And Great Recession Essay1700 Words   |  7 PagesThe Great Depression and Great Recession were two unique events that had monumental impact on the economy. Both had similarities, and differences that made them unique. The Great Depression was caused by people living on credit, and when it was time to pay they didn’t have the money, this happened on a wide spread scale. The crashing of the stock market was what officially started the Great Depression in 1929. The great recessi on was caused by subprime mortgages as well, as risk taking by financialRead MoreThe Great Depression and the Great Recession2123 Words   |  9 Pages Economic depression is a state of the economy resulting from an extended period of negative economic activity as measured by GDP .The great economic depression of the US from 1929-1939 was one of the worst economic depressions in the world economy. The GDP per capita of the United States fell by a third (Federico 2005). A lot of economic activities went down and so many people suffered. Even though the depression affect the rest of the world, it has been called the great depression of the US becauseRead MoreGreat Depression And The Great Recession864 Words   |  4 PagesThe â€Å"Great Depression† and the â€Å"Great Recession† are two of the darkest times in American history. There is much debate about the cause of the Great Depression and how it differed from the cause of the Great Recession. Many people believe that the stock market crash of 1929 played a major role the Great Depression. On the other hand, the stock market crash of 2008 drove America into the Great Recession. The causes of stock market crashes are often unforeseen, but many have detectable indicators.Read MoreComparing Recession to Great Depression Essay3134 Words   |  13 PagesResearch Paper. The Great Depression was a harsh global economic depression in the decade prior World War II. The Great Depression, while it happened far before the â€Å"Great Recession† of 2008, it can be greatly compared. During the Great Depression, all income, tax revenue, and prices dropped. International trade decreased by more than 50%, and U.S. unemployment climbed to just above 25%. Industrial cities like Detroit and Pittsburgh took the heaviest hits. While the recession of 2008 was not as drasticRead MoreCauses Of The Great Depression And The Great Recession2292 Words   |  10 Pages1. Examine the causes of the Great Depression of the 1930s and consider what similarities and differences can be drawn with the problems from the financial and economic crisis which began in 2008. Introduction 2007-2009 in America has often been described as the worst economic crisis since the Great Depression in 1929. There was lots of debate whether the economy was slipping back to double dip recession but there is considerable evidence that the economic crisis in 2008 is worse than the crisisRead MoreThe Economic Failure, Collapse, Depression Or Recession?1260 Words   |  6 PagesAn Economic failure, collapse, depression or recession is very much a real possibility that appears to be starting in the United States, today. In fact, unless the entire mindset of money and economics changes in America, it is inevitable. While the economy is beginning to slowly perish, it appears only a few are willing to help. The question must be asked, how do we protect ourselves from this unavoidable collapse? However, contrary to popular belief, there are multiple steps to protect againstRead MoreThe Worst Recession Since The Great Depression1347 Words   |  6 PagesWhere do you begin with covering o ne of the greatest economic crash of our time, and the worst recession since the Great Depression? Michael Lewis takes us to the very beginning, covering the story of how cynical mortgage brokers and CDO managers were playing fraudulent roulette. A rigged system that was doomed from the beginning but that very well needed every piece to be in place for 2008 to happen. Credit rating agencies SP and Moody’s had to be completely oblivious in properly rating the CDORead MoreThe Parallels Between The Great Depression And Great Recession1958 Words   |  8 Pages The two worst crises in history EQ: What are the parallels between the Great Depression and Great Recession? How can we prevent this economic catastrophes to happen again? Mr. Smith after looking for the last time at what was left of his investing, stood up from the black chair in his office and started walking toward the windows, He couldn’t live with this, a man who had always won during his entire life, a man who had always been successful, a man who

Campaign Finance Reform Should Be Restricted And Monitored

In American society, campaign finance reform is continuously a topic of discussion. This year’s 2016 election will be the most expensive campaign with presidential candidates Donald Trump and Hilary Clinton is running for office. By this coming November, campaign spending for all candidates spending for all candidates who ran in this year’s election will be an estimated total of 4.4 billion dollars (â€Å"Do We Really Need†). For campaign finance to experience reform, we must first acknowledge that the current system is broken. Campaign finance should be restricted and monitored, laws can create more incentive for candidates to disclose political spending. Disclosing Political spending helps voters make informed decisions at the ballot box, and fosters trust in the political process (â€Å"Do We Really Need†). States regulate campaign finance in three ways by disclosure and reporting requirements, setting contribution limits to candidate campaign, and by p roviding a method for public financing of elections. Candidates who run for Federal Office as President of the United States, Vice President, and Senator or House of Representatives have the responsibility to contact the Federal Election Commission to obtain forms and information regarding Federal Campaign requirements and filing deadlines (De Gruyter). States use public financing of elections is by providing means by which candidates can accept public funds to conduct their campaign. If a candidate takes into this program makingShow MoreRelatedEssay on Gun Control in Canada2093 Words   |  9 Pagesunder 16 years old. Government finally recognized that children should not have possession of a firearm. Until 1934 firearm registration was rarely an enforced offence. The Royal Canadian Mounted Police kept records of those purchasing firearms. Handguns had to be re-registered every five years starting in 1939. It also became an offence to alter the serial numbers on guns as records were kept and gun transactions were being monitored. 1951 was the next step in gun control legislation having automaticRead More Jfk: Was His Assassination Inevitable? Essay2409 Words   |  10 Pagesperpetrated by one man. This could not be farther from the truth. Instead, it was the result of a complex combination of domestic and foreign events. When President Kennedy was in office, he had to deal with many issues, ranging from business and finance to crime-fighting and war issues. Perhaps it is not as important to decide who it was that killed him, but why. 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For most children depending on their age, the focus should be on maintaining their current weight while a child grows normally in height. â€Å"Weight loss is not a good approach for most young children, since their bodies are still growing and developing† (www.health.state.ny.us). SOC will have various activitiesRead MoreChallenges for Urban Local Governments in India46115 Words   |  185 Pagesor by any means without the prior permission in writing of the publisher nor be issued to the public or circulated in any form other than that in which it is published. 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While these changes are sometimes discontinuous, for example when an imbalance of power leads to a revolution or the threat of revolution leads to major reforms in political institutions, often they simply inï ¬â€šuence the way existing political institutions function, for example, whether the rules laid down in a particular constitution are respected as in most functioning democracies, or ignored as in currentday

Stuck Spinning free essay sample

Happy 🙂 The sun is smiling as its rays of warmth stretch out and cover my entire body while I lay as one with the freshly cut grass. The scent of clean, crisp grass fills my nostrils. It smells like the fresh vegetables my mom cuts from her garden and washes in the sink. As she washes, all the dirt escapes from the outer skin setting free the crisp, natural aroma. My pores begin to perspirate, for the warm rays take no prisoners. The wet droplets trickle down my face as if racing one another to see which one can cross the finish line first without being absorbed into my lips and trapped in the many curves of my face. The cool breeze is my savior as it dries my body and tosses my wavy blonde hair. I inhale only to be filled with the aroma of hamburgers being cooked on the grill. It smells smoky and rough, almost chokingly thick but at the same time it smells juicy and mouth-watering as the scent of hamburgers take over. As I lay there enjoying the summer heat, my eardrums suddenly ring with the sound of falling pill bottles crashing to the wood floor inside the house. We still ache fiercely with love, lust, loyalty, and passion. And we still perceive the world, in all its gushing beauty and terror, right on our pulses. There is no other way. To begin to understand the gorgeous fever that is consciousness, we must try to understand the senses. (Ackerman xix) Scared 😠® My legs shake as I stand in the kitchen staring at my mom. Tears start knocking down the wall as I get tired of trying to hold it up, they start escaping, conquering my face and making my breaths uneven. My eyes are blurry and my world is spinning on a fast carousel and I can’t get off. As I try to breathe through my nose, I can smell the salty, bitter aroma of my tears. As I try again, the scent of the cookout and the grass are gone; all I can smell is the burning bread in the oven, it smells like death as the smoky cloud makes it hard to breath. The harsh, toxic aroma makes me lose my breath for a few seconds. My mom tries to talk but can only form her mouth to make moaning, painful sounds. Soon she can’t move and collapses onto the nearby wall. She loses control of her facial muscles as well as the rest of her body. All I can do is stand there and cry. Let me off this ride. Breaths come in pairs, except at two times in our lives- the beginning and the end. At birth, we inhale for the first time; at death, we exhale for the last. (Ackerman 6) Sad 🙠 It came to me then as I waited in the so called ‘waiting room’ that it can happen to me. I’m here. I thought I would never have to step foot in this calm but chaotic building. It reeks of cleaning products and plastic. It smells as if I had just walked into a room full of plastic containers and 409 bottles. As I looked around, all eyes were on the ground. The door opens and my legs are shaking as I search for the strength to take another step. As I see her laying there helpless, I feel the tears fighting one another to see who would be first to be born in my eyes and to soon die on my cheeks. There is no comfort as we wait for news, only the feeling of the spinning carousel makes me feel human for I had been stuck on the elaborate, ceramic horse since the smell of burnt bread entered my nostrils. No one knows what’s wrong with her, at least that’s what they tell me, but the doctors know. My parents know. My sisters know. Just tell me s o I can stop spinning. Smells spur memories, but they also rouse our dozy senses, pamper and indulge us, help define our self-image, stir the cauldron of our seductiveness, warn us of danger, lead us into temptation, fan our religious fervor, accompany us to heaven, wed us to fashion, steep us in luxury. (Ackerman 37) Content : l Time. It’s the air I breathe, the sun that’s setting, the controller of life. Time decides when and if I will change, grow, or even live. Today, time is on my side. Today, time is on her side. Two years I have spent spinning. Two years speeding up and slowing down, not willing to leave this carousel where I feel at home. As I walk into my kitchen like every day before, I am not haunted by the scent of death burning in the oven. As I inhale deeper in search of the scent of burnt bread again, I am only filled with the sweet aroma of buttery biscuits growing and baking in that same oven, the creator of the horrible memories of that life changing, summer afternoon. Right as the home cooked aroma fills my nose, It seems to trickle down my body, warming every bone, muscle, and inch of my pale skin. The paleness of my skin retreats only to be replaced by the beautiful, sun-kissed color. I see my mom’s lips move, forming words of truth, words that explain wh at’s wrong. The answer to my long awaited question is reveled, and suddenly I stop. My body feels at peace, at rest. The ceramic horses have stopped their repetition. Time is cruel, but today, time is on my side. My legs are shaking as I find the strength to step off, to leave what I’m used to. It’s deja vu as I step off the carousel and into my mother’s hospital room but this time, it’s ok. She’s ok. It’s not too late, all I have is time. What is most amazing is not how our senses span distance or cultures, but how they span time. Our senses connect us intimately to the past, connect us in ways that most of our cherished ideas never could. (Ackerman xvi) Works Cited Ackerman, Diane. A Natural History of the Senses. New York: Vintage Books, 1990.

Research on Environmental Impacts of Tourism

Question: Discuss about the Research on Environmental Impacts of Tourism. Answer: Introduction The interaction between people and animals fascinates human beings. Wildlife tourism entails attraction at fixed tours, sites, and experiences present and associated with tourism accommodation. Tourism shape, serve and manage the consequences of business, holiday, and other travel for both the private and public sectors (Buckley, 2012). The tourism industry plays a significant role in economic growth and seeks to ensure sustainability and benefits maximization (Ballantyne, Packer, Sutherland, 2011). Tourism has both positive and negative impacts on wildlife, where the adverse effects need to get managed. This essay discusses the impacts of tourism on wildlife about the difficulties of measuring such effects and the application of the precautionary measures to their management. Wildlife tourism is environmentally friendly based on the expectation that those who visit tourist sites to see wildlife remain concerned with animal welfare conservation (Hammerschlag et al., 2012). With the proper supervision of wildlife interactions, financial contribution, tourist satisfaction, and economic growth get assured (Telfer Sharpley, 2015). However, tourism potentially has several adverse impacts on the animal populations, welfare, and behavior. These negative effects need to be understood, identified, and mitigative approaches were taken to control them. Adverse Impacts of Tourism on Wildlife Adverse impacts of tourism on wildlife range from direct injury and death, habitat alteration, and disruption activity including food provision. The approach of handling animals that cannot fit the standards established by humans creates a problem since the animals do not enjoy the atmosphere of the habitat (Murphy, 2013). The aspect of habitat changes affects animals life, and this leads to their death. The lack of animals in the tourist sites creates challenges to people and the economy since visitors cannot tour the site. To see these effects on a broader picture, different aspect with terrestrial and marine environments examples are used in this essay (Carlisle, Kunc, Jones, Tiffin, 2013). The natural behaviors of wildlife are changed by what tourists do when they feed the wild animals, and this adversely affects the future of the animals. The largest issue created by tourism on wildlife comes when the wild animals get used to staying around humans Cinner, 2007). The visitors tour the wildlife sites whereby for most of the times they spent feeding the animals. The animals suffer from this feeding since some of it is bad (Douglas Alie, 2014). The way tourists handle animals is different from the manner they get dealt with by the game park wardens, and this leaves a challenge of how to manage the animals once the tourists have left the sites (Mason, 2015). For example, in the terrestrial environments, animals are used to a programmed feeding procedure. However, during the summer holidays when tourists visit the wildlife, they give them a lot of food where some of it does not fit their digestion. Also, tourism events lead to wildlife injury or death by visitors cars. Mostly, animals at parking areas used to getting food at the tourist's vehicles will go close to the cars where they get hit (Cong et al., 2014). This is a negative impact of tourism on wildlife since the animals die and leave the sites with insufficient wildlife for tourist attraction (Mason, 2015). The death and injury of animals by tourist cars occurs only to animals living in terrestrial lands. On the other side, the car petrol and diesel polluted by the vehicles to the ground gets carried away by water to the marine zones (Shaughnessy, Nicholls, Briggs, 2008). The marine animals get affected in that they cannot breathe well and hence their death. Tourism is important and beneficial, but if not properly monitored, these side effects happen to the animals. Tourist activities not only kill wildlife accidentally but also interfere with animals habitats. Habitat interference disturbs and disrupts animals behavior, and healthy life freedom while at the site (Steven, Pickering, Castley, 2011). To accommodate and entice tourists, the wildlife set must have driving roads and walking paths, and this is dreadful for the animals life. The habitat of the animals gets changed since when cars pass by and tourists walk through the roads, the wildlife move far away to stay alone (Martin Reale, 2008). Surprisingly, failure to construct walk paths and roads, the visitors move to the animals as much as possible. This creates a dilemma. For example, the interaction of animals living in terrestrial environments with tourists poses a threat since either of them can harm and injure the other. This is a huge impact of tourism activities on wildlife. Challenge of Measuring Effects of Tourism on Wildlife On the other hand, there is a problem of measuring the entire effects of the tourism industry on wildlife. Human presence in the wildlife sites is one method of measuring the effectiveness of the industry (Carlisle, Kunc, Jones, Tiffin, 2013). However, this is not the only method since animals always have a closer interaction with people when they want to get food. To deal with this challenge, the precautionary principle is useful whose responsibility is protecting the tourists from exposure to harm where scientific studies identify a potential risk (Higham Shelton, 2011). The precautionary principle requires humans to show carefulness when staring to wildlife tourism. The policy requires visitors to drive carefully to avoid unnecessary injuries and killings on the terrestrial animals. Wildlife tourism needs a long lasting solution for sustainable conservation and development of tourism industry (Gladstone, Curley, Shokri, 2013). Working with wild animals requires taking precautionary measures to protect both the people and the animals (Spenceley, 2012). The challenge with the principle of prevention is that individuals who visit the wildlife sites in a given summer or holiday event may not be the ones to visit the same location in future (Zhong et al., 2011). The management of Al tourism has given wisdom evolution to ensure that visitors will not keep repeating a similar mistake over and over again. Conclusion In conclusion, the positive impacts of tourism on wildlife are lesser than the adverse ones. However, this does not make tourism industry less significant in other fields. Tourism leads to economic growth and profit maximization to both the government and the private sector. Another advantage of the tourism industry is the provision of education that equips tourists with skills and knowledge of maintaining wildlife welfare. Profit maximization and economic goals form the main factors behind the progress of tourism activities and industry in an economy. The fee charged to cater for entry and tour guide pays to animals and their habitat conservation. The money collected revolves between the game parks and the government of the country. Therefore, the government and the private sectors should balance the benefits and drawbacks of wildlife tourism to ensure a mutual benefit between the animals and the humans. References Ballantyne, R., Packer, J., Sutherland, L. A. (2011). Visitors memories of wildlife tourism: Implications for the design of powerful interpretive experiences.Tourism Management,32(4), 770-779. Buckley, R. (2012). Sustainable Tourism: Research and reality.Annals of Tourism Research,39(2), 528-546. Carlisle, S., Kunc, M., Jones, E., Tiffin, S. (2013). Supporting innovation for tourism development through multi-stakeholder approaches: Experiences from Africa.Tourism Management,35, 59-69. Cinner, Aswani. (2007). Integration customary management into marine conservation. Biological Conservation no.140 pp. 201-216 Cong, L., Wu, B., Morrison, A. M., Shu, H., Wang, M. (2014). Analysis of wildlife tourism experiences with endangered species: An exploratory study of encounters with giant pandas in Chengdu, China.Tourism Management,40, 300-310. Douglas, L. R., Alie, K. (2014). High-value natural resources: Linking wildlife conservation to international conflict, insecurity, and development concerns.Biological Conservation,171, 270-277. Gladstone, W., Curley, B., Shokri, M. R. (2013). Environmental impacts of tourism in the Gulf and the Red Sea.Marine pollution bulletin,72(2), 375-388. Ham, S. H., Weiler, B. (2012). Interpretation as the centerpiece of sustainable wildlife tourism.Sustainable Tourism. Butterworth-Heinemann, Oxford, 35-44. Hammerschlag, N., Gallagher, A. J., Wester, J., Luo, J., Ault, J. S. (2012). Don't bite the hand that feeds: Assessing ecological impacts of provisioning ecotourism on an apex marine predator.Functional Ecology,26(3), 567-576. Higham, J. E. S., Shelton, E. J. (2011). Tourism and wildlife habituation: Reduced population fitness or cessation of impact?.Tourism Management,32(6), 1290-1298. Hughes, K. (2013). Measuring the impact of viewing wildlife: do positive intentions equate to long-term changes in conservation behavior?.Journal of Sustainable Tourism,21(1), 42-59. Martin J.G.A. Reale D. 2008: Animal temperament and human disturbance: Implications for the response of wildlife to tourism Behavioural Processes 77 pp.6672 Mason, P. (2015).Tourism impacts, planning, and management. Routledge. Murphy, P. E. (2013).Tourism: A community approach (RLE Tourism). Routledge. Newsome, D., Moore, S. A., Dowling, R. K. (2012).Natural area Tourism: Ecology, Impacts, and Management(Vol. 58). Channel View Publications. Shaughnessy, Nicholls, Briggs. (2008): Do boats affect fur seals at Montague Island, new south wales? Tourism in Marine Environments vol. Five no 1 15-27 Spenceley, A. (2012).Responsible Tourism: Critical issues for conservation and development. Routledge. Steven, R., Pickering, C., Castley, J. G. (2011). A review of the impacts of nature-based recreation on birds.Journal of environmental management,92(10), 2287-2294. Telfer, D. J., Sharpley, R. (2015).Tourism and development in the developing world. Routledge. Zhong, L., Deng, J., Song, Z., Ding, P. (2011). Research on environmental impacts of tourism in China: Progress and prospect.Journal of environmental management,92(11), 2972-2983.