The Hungry Years Essays - Systemic Risk, World Economy,

The Hungry Years Book Report Paradis, Adrian A. The Hungry Years. Philadelphia. 1967. There were few changes that could be seen; for the most part the revolution was quiet. Never before had so many people of the United States held in their hearts despair, panic and want. Yet out of the fear of the Depression came social reforms that have strengthened America and its people. The Depression was the worst economic decline ever in the United States history that spread to practically all of the industrialized world. It began in late 1929 and lasted for about ten years. There were many factors that played a role in causing the depression, but the main cause was the unequal distribution of wealth during the 1920's, and the wide stock market speculation that happened toward the end of the 1920's. These factors, along with others, caused the American economy to turn upside-down. The ?roaring twenties? was a time that the United States prospered greatly. The nation's total income rose from $74.3 billion in 1923 to $89 billion in 1929. However, the benefits of the prosperity of the 1920's were not shared evenly among all Americans, and the maldistribution of income between the rich and the middle class grew throughout the decade. Two major reasons for the gap between the rich and the working class were the increased manufacturing output throughout this period and because the federal government favored business, which included the wealthy who put their money into these businesses. The growing gap between the wealthy and the middle class made the United States economy unstable. For the economy to function properly, total demand must equal total supply. In an economy with such an unequal distribution of income, it wasn't always likely that the demand would always equal the supply. Basically what happened in the 1920's was that there was an oversupply of goods. It was not that the products were not wanted, but that those who needed the products, simply could not afford more; whereas, the wealthy's needs were met by spending only a little amount of their income. Unfortunately, the gap between the two only began to grow wider. In contributing to the Depression, the federal government favored the new industries instead of agriculture. During World War I, the federal government had subsidized farms, and paid very high prices for wheat and other grains. The government had encouraged farmers to buy more land and to update their farming methods with the new technology, and to produce more food. However, when the war ended, the United States stopped its policies to help farmers. Farmers then fell into debt and the farm prices and food prices dropped. To make a long story short, farmers were left out in the cold by the government. One other reason for the instability of the American economy was the international wealth distribution problems. While American was prospering in the 1920's, European nations were trying to rebuild after the damage from the war. During World War I, the United States government lent European allies $7 billion, and another $3.3 billion by 1920. Of these and other funds, 90% were used to purchase U.S. goods. When the United States lent money to the nations in need, they expected to be reimbursed, but the nations were in no position to pay off the debts. Now the depression began to set in. Prices had been drifting downward, but on October 21 prices started falling quickly. Prices stabilized a little on Tuesday and Wednesday, but then on Black Thursday, October 24, everything fell apart again. Partial recovery was made on Friday and Saturday. Then on Black Tuesday, stocks fell so much that at many times no buyers were available at any price. The resulting stock market crash acted as a trigger to the unstable United States economy. Because of the halt of purchases of the industrial production, it also crashed, putting many people without jobs. To protect America's businesses, the United States made higher trade barriers. Foreigners stopped buying Americans products. More jobs were lost, more stores were closed, more banks went under, and more factories closed. the country had then entered catastrophe--The Great Depression. This book was very interesting and it gave great insight on the The Hungry Years Essays - Systemic Risk, World Economy, The Hungry Years Book Report Paradis, Adrian A. The Hungry Years. Philadelphia. 1967. There were few changes that could be seen; for the most part the revolution was quiet. Never before had so many people of the United States held in their hearts despair, panic and want. Yet out of the fear of the Depression came social reforms that have strengthened America and its people. The Depression was the worst economic decline ever in the United States history that spread to practically all of the industrialized world. It began in late 1929 and lasted for about ten years. There were many factors that played a role in causing the depression, but the main cause was the unequal distribution of wealth during the 1920's, and the wide stock market speculation that happened toward the end of the 1920's. These factors, along with others, caused the American economy to turn upside-down. The ?roaring twenties? was a time that the United States prospered greatly. The nation's total income rose from $74.3 billion in 1923 to $89 billion in 1929. However, the benefits of the prosperity of the 1920's were not shared evenly among all Americans, and the maldistribution of income between the rich and the middle class grew throughout the decade. Two major reasons for the gap between the rich and the working class were the increased manufacturing output throughout this period and because the federal government favored business, which included the wealthy who put their money into these businesses. The growing gap between the wealthy and the middle class made the United States economy unstable. For the economy to function properly, total demand must equal total supply. In an economy with such an unequal distribution of income, it wasn't always likely that the demand would always equal the supply. Basically what happened in the 1920's was that there was an oversupply of goods. It was not that the products were not wanted, but that those who needed the products, simply could not afford more; whereas, the wealthy's needs were met by spending only a little amount of their income. Unfortunately, the gap between the two only began to grow wider. In contributing to the Depression, the federal government favored the new industries instead of agriculture. During World War I, the federal government had subsidized farms, and paid very high prices for wheat and other grains. The government had encouraged farmers to buy more land and to update their farming methods with the new technology, and to produce more food. However, when the war ended, the United States stopped its policies to help farmers. Farmers then fell into debt and the farm prices and food prices dropped. To make a long story short, farmers were left out in the cold by the government. One other reason for the instability of the American economy was the international wealth distribution problems. While American was prospering in the 1920's, European nations were trying to rebuild after the damage from the war. During World War I, the United States government lent European allies $7 billion, and another $3.3 billion by 1920. Of these and other funds, 90% were used to purchase U.S. goods. When the United States lent money to the nations in need, they expected to be reimbursed, but the nations were in no position to pay off the debts. Now the depression began to set in. Prices had been drifting downward, but on October 21 prices started falling quickly. Prices stabilized a little on Tuesday and Wednesday, but then on Black Thursday, October 24, everything fell apart again. Partial recovery was made on Friday and Saturday. Then on Black Tuesday, stocks fell so much that at many times no buyers were available at any price. The resulting stock market crash acted as a trigger to the unstable United States economy. Because of the halt of purchases of the industrial production, it also crashed, putting many people without jobs. To protect America's businesses, the United States made higher trade barriers. Foreigners stopped buying Americans products. More jobs were lost, more stores were closed, more banks went under, and more factories closed. the country had then entered catastrophe--The Great Depression. This book was very interesting and it gave great insight on the

psychology Seating Experiment essays

psychology Seating Experiment essays Students who sit in the first row of the class room will receive A s. The students in the second and third rows will receive B s and C s. The students that sit in the fourth and fifth rows will receive Ds and Fs. I am going to take thirty high school students. I am going to randomly assign them to a seat in the class room that is set up with six desks in each row with five rows. They will all be taught the same on the same day at the same time at the same level. They will be moved five times over the time they are in they class. They will be given five tests on the information they learned while sitting in that particular seat. After the test the student will then be moved to a different row of the class room and then tested again later on different information that they learned while sitting in that seat. This will happen five times. At the end of all five tests I will compare how each row did on each test. And determine which row is the best row for students who want to get good grades to sit in. The experimental group is the students and how they are getting randomly moved to a different row five times through out the year. The control group is that the teacher. The teacher is teaching the students the exact same things at the exact same time. The control group is also how the class room is set up. The set up of the class does not change through out the year at all. Some possible extraneous variables could be learning disorders. This will be taken care of by random assignment in the seating. The students with the learning disorders will be spread out throughout each row because random assignment. Another extraneous variable could be the amount of sleep each student get a night. This could effect the students performance on their school work. Random assignment would take care of this extraneous var ...