...Bryant and Stratton College ECON220: The History of Recessions in the U.S. Instructor: P, Created by: Brandon April 8, 2014 Throughout history the United States has gone through many economic ups and downs and has tried to create new procedures to ensure that the same problem does not occur again. In this presentation we are going to look at some of the recessions that the country has endured, how these recessions happened, when, and how the government attempted to correct the problem. While there are many different opinions on how to correct and prevent these recessions from happening we are going to look at the facts that lead to these crisis’ in the U.S. economy. The financial press often states the definition of a recession as two consecutive quarters of decline in real GDP. NBER (National Bureau of Economic Research) states that a recession is a period between a peak and a trough, which does not necessarily always consist of two consecutive quarters of decline in real GDP but a significant decline in economic activity that spreads across the economy and can last from a few months to more than a year. [1] The first recession we are going to explore is The Great Depression which many say started as a recession. Although the economy began to decline in the middle of 1929 and continued to fall until the first few months of 1933, Black Tuesday, (October 29, 1929) was the day the stock market crashed and what many people affiliate to the beginning of...
Words: 1889 - Pages: 8
...across nations, but in most countries it started in 1930 and lasted until the late 1930s or middle 1940s. It was the longest, deepest, and most widespread depression of the 20th century. In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline. Cities all around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by approximately 60%. Facing plummeting demand with few alternate sources of jobs, areas dependent on primary sector industries such as cash cropping, mining and logging suffered the most. Some economies started to recover by the mid-1930s. In many countries, the negative effects of the Great Depression lasted until after the end of World War II. Start Economic historians usually attribute the start of the Great Depression to the sudden devastating collapse of US stock market prices on October 29, 1929, known as Black Tuesday; some dispute this conclusion, and see the stock crash as a symptom, rather than a cause, of the Great Depression. Even after the Wall Street Crash of 1929, optimism persisted for some time; John D. Rockefeller said that "These are days when many are discouraged. In the 93 years of my life, depressions have come and gone. Prosperity has always returned and will again." The stock market turned upward in early 1930, returning to early 1929 levels by April. This was...
Words: 7897 - Pages: 32
...began in the late 1920’s. It ended in the late 1930’s or early 1940’s when the Second World War began. It devastated virtually everyone, rich and poor, people of all occupations. The term was first coined by British economist Lionel Robbins who wrote a book in 1934 called “The Great Depression” but popularized by President Herbert Hoover in a statement: “I need not recount to you that the world is passing through a great depression.” The cause of The Great Depression is still an open debate amongst economists and historians. Theorists can be split into two major categories: classical economists and Keynesian economists. When classical economists theorize The Great Depression, they focus on how central banking decisions lead to overinvestment and an economic bubble, or on the supply of gold which backed many currencies at that time. Keynesian economists, on the other hand, blame underconsumption and overinvestment or government and banking incompetence. Many agreed that the main event which spurred The Great Depression was the crash of the stock market in 1929. Known to most as Black Tuesday: the most famous stock market downturn in American history, October 29, 1929 was the day the stock market collapsed and started an economic slump that lasted over a decade. This economic disaster came as a huge surprise to everyone. During most of the “Roaring 20’s”, the economy was in very good standing. Hundreds of thousands of Americans were purchasing stocks and borrowing money as the...
Words: 2667 - Pages: 11
...established by Franklin D. Roosevelt in 1935, aimed to provide an opportunity for both people and the American economy during a time of great struggle within the United States. What made the Works Progress Administration significant in United States history was the fact that it unintentionally stimulated social reform and progress within American society, even though its main purpose was to create jobs for artists and stimulate economic growth. An analysis of artwork from the Works Progress Administration, reveals that, through the United States’ involvement of creating jobs for artists, social, racial and gender barriers were disseminated, which allowed for progress in American society both economically and socially. After being elected into the presidency in 1932, Franklin Delano Roosevelt delivered his New Deal to the American people, which addressed the devastating effects of the Great Depression. A number of bills were passed as part of the New Deal that was meant to alleviate the poverty rate, reduce unemployment, and stimulate economic recovery. Historians consider the Works Progress Administration to be one of the New Deal’s major work relief programs, employing over 8.5 million people nationally. The establishment of the New Deal was significant in the history of our country because it was the first time the United States government took responsibility and assisted the American people through such a tough time. Additionally, the New Deal questioned the role Federalism played...
Words: 2352 - Pages: 10
...Earthquakes I Earth’s composition Earth is a dense, stratified planet with many layers: core (inner and outer), mantle and crust Inner core: most dense material, solid iron and nickel Outer core: second most dense, liquid, iron and nickel Mantle: composed of oxygen, silicon, magnesium, aluminum Crust: composed of sodium and potassium rich silicate rocks Upper 100-350 km of upper mantle makes up asthenosphere: fluid layer due to heating from core Plate tectonics Earth’s uppermost layer, the lithosphere, broken up into 7 plates due to movement of asthenosphere underneath Plate tectonics- name for dynamic interactions of these plates Plate boundaries 3 types: divergent, covergent, and transform Divergent boundaries: tension from deep earth pulls two plates away from each other, allowing lava to upwell through the cracks and create new seafloor Covergent boundaries: two plates coming together as stress pushes plates toward each other- one plate forced under another in a subduction zone Transform boundaries: two plates slide past each other horizontally-frequent cause of destructive forces like earthquakes The nature of earthquakes Cause = abrupt movements on faults Fractures in earths lithosphere Normal fault- block above the fault has moved downward relative to the black below Reverse fault- upper block, above the fault plane, moves up and over the lower block (aka thrust fault) Right lateral strike slip fault- two blocks slide past one another Earths crustal...
Words: 11141 - Pages: 45
...APPENDIX Writing a Film Analysis Films are made to be seen and heard, to appeal to our visual and aural senses. Like any art form, however, films are also meant to be felt and understood, to appeal to our emotions and minds. One of the best ways to determine whether a film has succeeded in any or all of these goals is to analyze the elements that make up the whole work. To write an analysis of a film, you must study the film carefully. Your critical analysis should be derived from your personal encounter with the film, not from published criticism. Access to a videocassette recorder or DVD player is essential if you are going to perform a critical analysis of any depth. It is not enough to like or dislike the movie; you must determine why it succeeds or fails in reaching out and encompassing the viewer. The first step is to view the film in its entirety. From this viewing you can get an initial reaction to the many parts of the film that you will have to explore in more depth. When you first view the film, it is best not to try to take notes or separate the parts of the film; you should be familiar with the textbook in order to know what to look for. After you have formulated a thesis and have begun the process of supporting that thesis, you should view the film at least once more in its entirety and two or three times in segments in order to review scenes of major importance. The thesis statement is the element around which to structure your analysis. Because the theme or...
Words: 9329 - Pages: 38
...Populism in the Oz Mythology: One is Silver and the Other’s Gold Populism is a political idea that bloomed in Kansas in the late nineteenth century, and blossomed into a political movement well into the twentieth century. The idea represents a vast amount of people who want the best, but may not have their voices heard. Populism is the act of average men and women, farmers, etc., who want more than their political structure is offering, and demand change. Those who classify themselves as populists strive for more than what is offered by current politics, and strive for the best results in their community. Farmers during the late nineteenth century were great proponents for a silver standard, a compliment to the gold standard, as an accessible way for many in the middle class to increase their personal wealth. The creation of wealth for the lower-middle and middle-class would create a greater infrastructure economically, as these land owners could create more agricultural jobs by having to hire more people to harvest their new land. Countless works within the Oz Mythology include ideas chained to populism, the most prominent at the time being the proposition for a “Silver Standard” in addition to the current Gold Standard (Hansen). Having a silver standard within the novel would have radically changed the dynamics of the Gulch family in the original novel, which would then lead on to shape the economic setting of the following works within the Oz Mythology. During a time...
Words: 3515 - Pages: 15
...Blues vs Country music According to Etta James in an interview with American Chronicle: "The Blues and country are first cousins ... What I look for in a song is for the story to be for real. I like a blood and guts kind of thing. That's what you find in the lyrics of country music." Blues and country music both developed in the 19th century in the Southern United States. They share a similar history. For this reason, they share many of the same musical and lyrical characteristics. Read more: How to Compare Blues & Country Music | eHow.com http://www.ehow.com/how_5888119_compare-blues-country-music.htInstructions 1. * 1 Learn the history behind blues and country music. They are both forms of American folk music influenced by earlier styles brought overseas. Blues music grew out of field hollers and chants sung by African slaves. Irish and Scottish balladeers borrowed the guitar and banjo of blues and thus created "country". According to Reebee Garofalo in "Rockin' Out: Popular Music in the USA", "Terms like country and blues are only used to separate the same kind of music made by blacks and whites ... designations like race and hillbilly intentionally separated artists along racial lines and conveyed the impression that their music came from mutually exclusive sources." Country is an offshoot of blues. They are essentially the same thing. In the PBS special, "Rhythm, Country and Blues," country is referred to as "white man's blues." * 2 Listen to...
Words: 13547 - Pages: 55
...NORTH AMERICAN FICTION BRIEF INTRODUCTION: Before starting our study of American Fiction we must understand what American Literature is in itself and which pieces of writing we can include within this label. It is believed that when a piece is written in North America, more precisely in the USA, it would automatically be given this epithet. But it should be taken into account that this idea is quite broad and doesn’t reflect the real essence of the term. However, there is also another definition that gathers this essence: American Literature is the one that represents the Americanism, the singularity of the USA philosophy and culture. This way, instead of focusing on who the author is, it is focused on the content of the writing. In that which concerns Fiction, the following documents are the ones considered as narrative: Speeches Letters Short Stories Essays Political Documents Sermons Novels Diaries 1 FIRST LITERARY EXPRESSIONS The first documents in which the idea of Americanism is very present are the Sermons. They respond to the strict Protestantism settled in the New Continent after the arrival of the Pilgrim Fathers and Puritans in the Mayflower (1620) and the Arabella (1630). They established a theocratic community whose main and only point of reference was the Bible. That is why the idea of the ‘city upon a hill’ is still very present in American mentality. As we all know...
Words: 12691 - Pages: 51
...variety of forms and trends which appeared during the century. The object of the project is British literature. The aim of the project is to consider the peculiarities and distinct features of the British literature of the 20th century. In order to gain the project’s aim, during its implementation the following practical issues were studied: - the most distinguished writers of the period; - their contribution to development of the British literature; - key topics. The project’s aim and issues considered predetermined the choice of methods of research. During the project’s implementation the following methods were used: critical survey of the sources on the issue considered, as well as comparison and analysis. Theoretical value of the project is constituted by the analysis of the peculiarities and distinct features of the British literature of the 20th century. Practical value of the project is predetermined by the possibility to use it in practice in courses of world and British history and literature. The project’s aim and issues considered determined the structure of the project, which consists of an introduction, several paragraphs, conclusion and references. The introduction contains urgency, aim and issues of the project. The paragraphs unveil key periods in development...
Words: 9384 - Pages: 38
...Universe From Wikipedia, the free encyclopedia For other uses, see Universe (disambiguation). Part of a series on Physical cosmology • • • • Early universe[show] Expanding universe[show] Structure formation[show] Future of universe[show] Components[show] History[show] Experiments[show] Scientists[show] Social impact[show] Universe Big Bang Age of the universe Chronology of the universe • • Astronomy portal Category: Physical cosmology • • • V T E The Universe is commonly defined as the totality of existence,[1][2][3][4] including planets, stars, galaxies, the contents of intergalactic space, the smallest subatomic particles, and all matter and energy.[5][6] Similar terms include the cosmos, the world, reality, and nature. The observable universe is about 46 billion light years in radius.[7] Scientific observation of the Universe has led to inferences of its earlier stages. These observations suggest that the Universe has been governed by the same physical laws and constants throughout most of its extent and history. The Big Bang theory is the prevailing cosmological model that describes the early development of the Universe, which is calculated to have begun13.798 ± 0.037 billion years ago.[8][9] Observations of supernovae have shown that the Universe is expanding at an accelerating rate.[10] There are many competing theories about the ultimate fate of the universe. Physicists remain unsure about what, if anything, preceded the Big Bang. Many...
Words: 12085 - Pages: 49
...ancillaries, including electronic and print components, may not be available to customers outside the United States. This book is printed on acid-free paper. 1234567890 QFR/QFR 10987654321 ISBN: 978-0-07-340696-1 MHID: 0-07-340696-1 Vice President & Editor-in-Chief: Michael Ryan Vice President EDP/Central Publishing Services: Kimberly Meriwether David Publisher: Christopher Freitag Sponsoring Editor: Matthew Busbridge Executive Marketing Manager: Pamela S. Cooper Editorial Coordinator: Nikki Weissman Project Manager: Erin Melloy Design Coordinator: Margarite Reynolds Cover Designer: Carole Lawson Cover Image: Albert Bierstadt, American (born in Germany), 1830–1902 Valley of the Yosemite, 1864 (detail) Oil on paperboard 30.16 × 48.89 cm (11 7/8 × 19 1/4 in.) Museum of Fine Arts, BostonGift of Martha C. Karolik for the M. and M. Karolik Collection of American Paintings, 1815–1865 47.1236 Buyer: Susan K. Culbertson Media Project Manager: Sridevi Palani Compositor: MPS Limited, a Macmillan Company Typeface: 10.5/12 Times Roman...
Words: 248535 - Pages: 995
...3.79 million square miles (9.83 million km2) in total and with around 316 million people, the United States is the fourth-largest country by total area and third largest by population. It is one of the world's most ethnically diverse and multicultural nations, the product of large-scale immigration from many countries.[12] The geography and climate of the United States is also extremely diverse, and it is home to a wide variety of wildlife. Paleo-indians migrated from Asia to what is now the US mainland around 15,000 years ago,[13] with European colonization beginning in the 16th century. The United States emerged from 13 British colonies located along the Atlantic seaboard. Disputes between Great Britain and these colonies led to the American Revolution. On July 4, 1776, delegates from the 13 colonies unanimously issued the Declaration of Independence. The ensuing war ended in 1783 with the recognition of independence of the United States from the Kingdom of Great Britain, and was the first successful war of independence against a European colonial empire.[14][15] The current Constitution was adopted on September 17, 1787. The first 10 amendments, collectively named the Bill of Rights, were ratified in 1791 and guarantee many fundamental civil rights and...
Words: 14928 - Pages: 60
...Fedoroff Agric & Food Secur (2015) 4:11 DOI 10.1186/s40066-015-0031-7 Open Access REVIEW Food in a future of 10 billion Nina V Fedoroff* Abstract Over the past two centuries, the human population has grown sevenfold and the experts anticipate the addition of 2–3 billion more during the twenty-first century. In the present overview, I take a historical glance at how humans supported such extraordinary population growth first through the invention of agriculture and more recently through the rapid deployment of scientific and technological advances in agriculture. I then identify future challenges posed by continued population growth and climate warming on a finite planet. I end by discussing both how we can meet such challenges and what stands in the way. Keywords: Population growth, Agriculture, Domestication, Genetic modification, Technology Background Today we have enough food to meet the world’s needs. Indeed, we have an extraordinary global food system that brings food from all over the planet to consumers who can afford to buy it. The food price spike of 2008 and the resurgence of high food prices in recent years have had little impact on the affluent citizens of the developed world who spend a small fraction of their income on food. By contrast, food prices have a profound impact on the world’s poorest people. Many of them spend half or more of their income on food. During the food price crisis of 2008, there were food riots in more than...
Words: 8979 - Pages: 36
...Van Gosse and Richard Moser, eds., The World the Sixties Made: Politics and Culture in Recent America Joanne Meyerowitz, ed., History and September 11th John McMillian and Paul Buhle, eds., The New Left Revisited David M. Scobey, Empire City: The Making and Meaning of the New York City Landscape Gerda Lerner, Fireweed: A Political Autobiography Allida M. Black, ed., Modern American Queer History Eric Sandweiss, St. Louis: The Evolution of an American Urban Landscape Sam Wineburg, Historical Thinking and Other Unnatural Acts: Charting the Future of Teaching the Past Sharon Hartman Strom, Political Woman: Florence Luscomb and the Legacy of Radical Reform Michael Adas, ed., Agricultural and Pastoral Societies in Ancient and Classical History Jack Metzgar, Striking Steel: Solidarity Remembered Janis Appier, Policing Women: The Sexual Politics of Law Enforcement and the LAPD Allen Hunter, ed., Rethinking the Cold War Eric Foner, ed., The New American History. Revised and Expanded Edition E SSAYS ON _ T WENTIETH- C ENTURY H ISTORY Edited by Michael Adas for the American Historical Association TEMPLE UNIVERSITY PRESS PHILADELPHIA Temple University Press 1601 North Broad Street Philadelphia, Pennsylvania 19122 www.temple.edu/tempress Copyright © 2010 by Temple University All rights reserved Published 2010 Library of Congress Cataloging-in-Publication Data Essays on twentieth century history / edited by Michael...
Words: 163893 - Pages: 656
