...Abstract 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 because it’s believed that the US suffered more than any other nation and the causes are also attributed to have been started in America. Many things have been attributed to have caused the great depression among them are bank failure, Stock Market Crash of 1929, Reduction in Purchasing Across the Board, American Economic Policy with Europe, Drought Conditions but many people believe that it’s the American economic policies that really caused the depression and entirely blame the government for that. Some of the effects are increase in unemployment, collapse of banks and increase in the cost of living. On the other hand the economic recession of 2008 was longest recession since the world war two hence the term great recession. The recession lasted for 18 months from December 2007 to June 2009. Various things have been attributed to have cause the recession among them are irrational excitement in the housing market and low interest rates while some of the effects are increase...
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...: Running head: Great Lakes: Great Decisions Great Lakes: Great Decisions Danelle A. Dancy April 15, 2012 Business Administration Capstone-BUS499 Prof. Christopher McGrath Great Lakes: Great Decisions 1. Perform an analysis of the social/demographic, technological, economic, environmental/geographic, and political/legal/governmental segments to understand the general environment facing Great Lakes. Describe how Great Lakes will be affected by each of these external factors. Corporate social responsibility is defined as a business’s concern for society’s welfare (Lambi, Hair & McDaniel, 2011). Corporations want to become more sustainable and remain sustainable by allowing management to focus on both long-range best interests of the company and the relationship to the society it operates in (Lambi, Hair & McDaniel, 2011). In the case of Great Lakes, the division manager Ellie Shannon was faced with making the recommendation to the company’s board of directors on which of three policy options she felt the company should pursue (Hitt, Hoskisson & Ireland, 2011). The pyramid of corporate social responsibility is an excellent standard to measure the outcome. Great Lakes, according to text is in an excellent position economically to “wash its hands of the leaded gasoline business and its repercussions” (Hitt, Hoskisson & Ireland, 2011). It would be too harsh to just completely...
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...Is Gatsby Really Great? Or is he Another Tom? Jay Gatsby, also known as the Great Gatsby, is a well known, filthy rich man who lives in giant mansion. Jay is so friendly with the other characters, such as his party goers, Nick and Daisy. Gatsby is the mysterious and devilishly handsome protagonist in the story The Great Gatsby by F. Scott Fitzgerald. On the contrary, we have Tom Buchanan, the husband of Gatsby’s lover, Daisy. Tom is very different that Gatsby looking from the outside in. What makes Gatsby. so mysterious? You might ask. Well, no one knows about Gatsby. No one knows Gatsby except Gatsby (Great). If you knew him, you might even say he’s more like Tom Buchanan on the inside it is almost as if, what Gatsby is hiding inside, is...
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...In The novel The Great Gatsby by F. Scott Fitzgerald, he creates Gatsby as a character who becomes great. Gatsby is great in a way that ordinary seems normal, and being a lower-class citizen brings great value into becoming a better person. But He dreams of becoming wealthy and living a luxurious life. So, he is great in a way that leads him to the determination in his attempts to win over the girl of his dreams.Throughout Gatsby's life, he gains and loses the title of being great. Gatsby is represented as a great man but he falls short of being great. Gatsby does not achieve love but he possess it by buying material things .He does not use his wealth for good but for selfish reasons. For example, a reason why he is not great is when Nick says, " he talked alot about the past, and i gathered that he wanted to recover something,some idea of himself perhaps.."(chapter 6). Gatsby knows he can not change his past but he wants to anyways. His past is not something he or anyone should be proud of. It shows what kind of man he is. A reason why Gatsby is great is when he was named James Gatz. He had a dream of leaving his life on the farm and becoming part of the upper-class. Even Gatsby's...
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...The Great Gatsby, a novel by F.Scott Fitzgerald revolves around the main protagonist, Jay Gatsby, who comes from the Midwest and is striving toward the American Dream. The novel takes place in 1922, in which the American Dream brought reassurance to one due to the booming economy. At the beginning of the novel, all that one knows about Gatsby is through rumors since he is the center of every conversation; he is a mysterious character. For instance, some say that he is a German spy, an Oxford graduate, or a murderer. On the other hand, the narrator, Nick, argues that Gatsby is “great” despite the rumors that are going around. Within the novel, the reader begins to question whether Gatsby is truly “great” or not. But Gatsby is one of the characters who does not drastically change, instead, his motives push him harder to aspire to his goals that may seem unrealistic. Gatsby has a justification for every...
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...The Great Depression of 1929 compared to the Great Recession that Started in 2007 The Great Depression and The Great Recession were similar in some ways, but were different in several ways. There are many differences of opinion in regards to which one was worse, and who sustained the most damage. Some believe when Obama took over is his first year of office, he faced the worst economic situation in January 2009. Although, there are reports that Roosevelt faced a severe economic situation when he took office in February of 1933. Franklin D. Roosevelt took office in February of 1933, in which the country was in the Great Depression that started in 1929. It has been said that the Depression lasted 10 years, and started on a per say, “Black Thursday.” This was when millions of dollars in stock sold in one day. This caused prices to fall 23%, and caused the stock market, “to crash.” This started the downward spiral, with businesses closing, people losing jobs, and then people losing their homes. Farmers lost their farms and unemployment was as high as 25%. People were unable to survive, but when Roosevelt took over he passed several bills to help the economy. The FED implemented the reserves a short time prior to the Depression starting. They followed as some say tight monetary policies. These policies caused the banks to not be able to lend due to the high interest rates. People were unable to afford the higher interest, and this caused the money supply (which keeps the economy...
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...The Great Gatsby is Not The novel has no plot to mention. ... The book is highly sensational, loud, blatant, ugly, pointless. There seems to be no reason for its existence Harvey Eagleton (Dallas Morning News, May 10, 1925). F. Scott Fitzgerald’s The Great Gatsby is an absurd story, whether considered as romance, melodrama, or plain record of New York high life. The occasional insights into character stand out as very green oases on an arid desert of waste paper. Throughout the first half of the book the author shadows his leading character in mystery, but when in the latter part he unfolds his life story it is difficult to find the brains, the cleverness, and the glamour that one might expect of a main character. The Great Gatsby is a parody of itself. While Fitzgerald tries hard not to make Gatsby and especially Daisy laughable personalities, this is where he ultimately fails. There's not enough ironic distance to his characters. As Gatsby, at least in the eyes of many critics, should represent the idea of the American Dream, the presentation of his character puts the whole concept in question again, without being intended as criticism. This is mainly the fault of another weak character in the novel, Nick Carraway. At first, the only function of Nick in the novel seems to be to act as a reporter, telling us the truth by telling us his shrewd, objective perceptions. Then, as the novel progresses, it turns out that the opposite is the case, and...
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...One of the greatest debates in F. Scott Fitzgerald’s The Great Gatsby is whether or not the titular character, Jay Gatsby, is indeed great. At the heart of this debate is whether or not he is a romantic man whose rags-to-riches rise is to be admired or a dishonest conman and criminal. Other people may not like him because of the way he got his money. The main things that shows that Gatsby is a good man is how he is ambitions, humble, romantic relationship with Daisy. One of Gatsby’s most admirable traits is his ambition, which led him to rise from poverty to spectacular wealth. Gatsby grew up poor in rural North Dakota, but he was determined from his youth to transcend his humble beginnings. One example of this early determination is seen when...
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...Great Barrier Reef loses half its coral in less than 30 years The Great Barrier Reef has lost half of its coral cover in the last 27 years, according to a new study released today in the Proceedings of the National Academy of Sciences (PNAS). Based on over 2,000 surveys from 1985 to this year the study links the alarming loss to three impacts: tropical cyclone damage, outbreaks crown-of-thorns starfish that devour corals, and coral bleaching. "We can't stop the storms, and ocean warming (the primary cause of coral bleaching) is one of the critical impacts of the global climate change. However, we can act to reduce the impact of crown of thorns," says John Gunn, the head of the Australian Institute of Marine Science (AIMS), which conducted the research. Crown-of-thorns starfish (Acanthaster planci), the world's second largest seastar and a renowned predator of coral, have seen several outbreaks in the Great Barrier Reef during the past few decades. Outbreaks of the coral-chomping invertebrates are believed to have increased from one every 50-80 years to one every 15 years, which scientists have linked in part to fertilizer and chemical runoff from the mainland. In total, the researchers found that 42 percent of coral loss could be linked the crown-of-thorns outbreaks, 48 percent to tropical cyclones, and 10 percent to coral bleaching. The annual loss of coral cover has sped up as well, averaging 1.45 percent annually since 2006. This pummeling, occurring too quickly for...
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...Great Depression vs Great Recession It’s an exaggeration to believe that the Great recession was even remotely as devastating as the Great Depression. There may be some minuscule similarities, however the differences outweigh are clear. The Great depression lasted a decade while the Great recession’s duration was only 2 years. Unemployment spiked out at 25% during the Great depression and remained in double digits for a decade, whereas throughout the most recent recession unemployment topped off at 9,5%. Also, unlike the Great Depression Americans received government help in the form of unemployment checks, insurance, and food stamps when they were unemployed. Industrial production decreased by 50% during the Great depression, versus 15% during the Great recession. Nine thousand banks close throughout the depression, but only 400 closed through the recession. Times were far more harsh living through the depression than the recession, especially when the government is not helping you. When comparing the two economic downfalls, there aren’t many similarities. Both time periods were preceded by positive economic growth. Prior to the depression the growth rate was 4.4%, and prior to the most recent recession the growth rate was 3.2%. Both eras were followed by much more dependency on the Federal Reserve for times of crisis. When comparing the two economic collapses the Great depression was obviously worse than the Great recession, and the differences were more magnified than...
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...The Great Depression Thomas Clay Forrest Economics 510 Professor Don Waldron February 6, 2011, 2011 The Great Depression The Great Depression was the deepest, longest and most widespread economic calamity of the twentieth century, and is the most common standard of how far things in the world’s economy can decline. Beginning with the First New Deal, which put into effect a host of relief and recovery measures designed to improve economic conditions and stimulate recovery, myriad other steps were taken to prevent another catastrophe of this magnitude from ever occurring again. Are these measure enough, though, and could the world ever experience another Great Depression? How do the events of the Great Depression era compare to recent economic downturns, including the current deep recession the world is experiencing? This essay will provide answers to these questions and provide an analysis of the causes and events that led to the Great Depression. It will also present the reasons why another Great Depression is unlikely to occur again. Debates vary as to the causes of the Great Depression, with many well-respected economists offering differing opinions to what they believe led to the historic event. British economist John Maynard Keynes felt that the Depression was driven by demand, and in his book the General Theory of Employment Interest and Money, Keynes argued that lower aggregate expenditures in the economy contributed to an enormous...
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...one of the most influential management consultants, further established his credibility with the wildly popular Good to Great: Why Some Companies Make the Leap...and Others Don’t, originally published in 2001. The book went on to be one of the bestsellers in the genre, and it is now widely regarded as a modern classic of management theory. Collins takes up a daunting challenge in the book: identifying and evaluating the factors and variables that allow a small fraction of companies to make the transition from merely good to truly great. ‘Great,’ an admittedly subjective term, is operationally defined according to a number of metrics, including, specifically, financial performance that exceeded the market average by several orders of magnitude over a sustained period of time. Using these criteria, Collins and his research team exhaustively catalogued the business literature, identifying a handful of companies that fulfilled their predetermined criteria for greatness. Then, the defining characteristics that differentiated these ‘great’ firms from their competitors were quantified and analyzed. The resulting data are presented in Good to Great in compelling detail. Over the course of 9 chapters, Collins addresses a number of management, personnel, and operational practices, behaviors, and attitudes that are both conducive and antithetical to the good-to-great transition. One overarching theme that links together virtually all of Collins’ arguments is the need to define a narrowly...
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...Alexander the Great Alexander the Great, the King of Macedonia, was born in July 356 BC in Pella, Macedonia. He was one of the best military leaders in the history. He won much of what was then the civilized world, driven by his great ambition of the world conquest and the creation of a universal kingdom. He was the son of Philip of Macedon, who was a brilliant organizer and general. His mother was Olympias, princess of Epirus. She was brilliant and hot-tempered. Alexander inherited the best qualities of his father and mother. As a child he used to get discouraged after listening news that his father have conquered and taken another territory. This was because he was upset and worried that there would be nothing more left for him to do (John, 1996). By the time he was twelve, he was quite mature. This can be partially credited to the fact that he used to hang around his father's army for in his childhood; he was also running through the groups of army ever since he could walk. Even as a boy Alexander was strong and fearless. He tamed the brave and beautiful Bucephalus, a horse that no one else dared to ride or even touch. Later, this brave horse carried him to India, where it died. Alexander was very upset; he then built the city of Bucephala in memory of his beloved horse. When Alexander was about 13 years old, he became the student of Aristotle. He was always keen and ready to explore new things. He used to take part in sports and other daily exercise to build a...
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...peace. In order to support my views I will provide multiple examples to support my views. The Great Depression was a horrific economic depression that impacted countries all over the world in the 20th Century. Some of these effect were long lived and took years to recover. Some of the effects from the Great Depression still happens in today’s society such as rise in unemployment, crime rates and prostitution. As well as the lack of funds for healthcare and public education. The US Great Depression lasted from October 1929 until Franklin D. Roosevelt became President in 1933. The Great Depression disrupted the lives of the Americans because for many years the government and the American people had been on a high for so long and within a blink of an eye the world as so many had grown to know came crashing down. One success which came from the government after the Great Depression was it improved the economic system of the United States. President Roosevelt faced the economic depression head-on once he was elected in office. Within his first 100 days in office, he and his administration created numerous institutions which had been neglected for hundred of years. Alot of the programs that were created were very appreciated by the American people because it gave them hope that things were going to get better. His administration stabilized the industrial and agricultural production. The Great Depression left 13 million people unemployed. These programs created jobs for the American...
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...Great Depression The Great Depression had a tremendous effect on the people of this Dark Age in the United States. Throughout these tough times people faced many hardships such as increases in crime, the stock market crash and the Dust Bowl. These events were all results of the Great Depression and also had huge impacts on people’s lives. Beginning of the Great Depression The Depression began in the year 1929 and was a result of the ending of the First World War. The United States was sending aid to Europe in recovery but this resulted in an over extension of credit and spending in the 1920’s. This over extension was a direct cause that led to the “most dramatic economic event in United States history”. No other depression had such a devastating impact on the United States society. Throughout the twelve years of the Great Depression, one quarter of the work force were unemployed, 5,500 banks closed and 32,000 businesses went bankrupt (“Great Depression”). Stock Market Crash On the infamous day known as Black Tuesday, October 29, 1929 the stock market crashed. The only thing was that no one was thinking anything could go wrong because a little over a month before the market had reached a 10-year high price. From then on the prices slowly decreased causing confusion, apprehension, and uncertainty began to set into all investors big and small (Galbraith 1). A couple of days before Black Tuesday a day known as Black Thursday was when people really started to notice...
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