... Armiger Response paper #2 4/26/12 Oil Crisis in the 1970’s The Oil Crisis of the 1970’s was a major period in American history, when a number of political, global and social events came together to create a ‘perfect storm’. The Seventies was an era filled with people seeking self-fulfillment (The ‘Me’ Decade), where the nation was growing at a fast pace. People, during this time, concentrated on their own leisure and happiness. Behind the narcissism and selfishness of many people’s attitudes, an oil crisis struck America which largely impacted the automobile industry and led to a rise in gas prices. The combination of stagnant growth and price inflation during this era raises many issues, while many attempts to end the crisis, such as Jimmy Carter’s Energy plan, substantially made it worse. These problems caused Americans to focus more on economic issues versus social issues. The “Me Decade,” a term coined by novelist Tom Wolfe, was a concept of the Seventies- “an era of narcissism, selfishness, personal rather than political awareness… The ‘70’s was the decade in which people put emphasis on the skin, on the surface, rather than on the roof of things… It was the decade in which image became preeminent because nothing deeper was going on (Schulman, 145).” It described the new American self-awareness and the collective retreat from history, community and human reciprocity. Compared to the 1960’s, Americans in the 1970’s were self-absorbed and passive; it was a stylistic...
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...South Side, and welcomed two daughters: Malia born 1998 and Sasha born 2001. In February 2007, Obama made headlines when he announced his candidacy for the 2008 Democratic presidential nomination. He was locked in a tight battle with former first lady and then, U.S. Senator from New York, Hillary Clinton. On June 3, 2008, however, Obama became the presumptive nominee for the Democratic party, and Senator Clinton delivered her full support to Obama for the duration of his campaign. On November 4th, 2008, Barack Obama defeated Republican presidential nominee John McCain as the President of the United States. On January 20, 2009, Obama became the 44th president of the United States and the first African-American to hold this office. In the 1970’s, when Obama was a child, The...
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...The Great depression In the 1920’s the stock market seemed to be the pot of gold at the end of the rainbow for many investors. While using credit or their life savings it slipped people’s minds that stocks were and are no guarantee of return on investment. In March of 1929 the first mini-crash hit the stock market. But it wasn’t until October 24 of that year that the first big crash happened. The day known as “Black Thursday” saw almost 13 million shares being sold, but through the bedlam bankers investing their own money calmed the situation and people started buying again. However by Tuesday the 29th the stocks had crashed again as over 16million shares were sold. This was the start of what would be known as the great depression. From 1929 until 1939 America suffered the greatest economic crisis the country had ever seen and is perhaps the worst even to this day. During that 10 years unemployment reached nearly 24 percent. Amazing and horrifying considering the average rate is about 4 or 5 percent. In the beginning there was no minimum wage, no unemployment benefits and no welfare. It is estimated that the average wage was around .05 to .20 cents an hour for those lucky enough to have steady work. With gas around .15c per gallon, eggs .18c a dozen, and bread .08c a loaf feeding your family was possible but was definitely not extravagant. The economy slowly saw improvement until 1937 when another recession hit. It wasn’t until the outbreak of World War II in 1939 that the...
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...CURRENT AFFAIRS AND HISTORICAL CONNECTIONS My view of studying history is that it is important for future generations to know where their ancestors have been and what they have accomplished in order to make future changes and developments in a society. I feel that without studying American history most industries would not be able to grow to meet the demands of modern day needs. Take for instance the computer industry and it’s progression in the last 40 years. My laptop that I’m writing this paper with has as much power, if not more than the computers used to put a man on the moon. That would not be possible if manufacturers did not look at ways to improve what they already have developed, which means they have to look back at what they have created in the past. Among other important reasons for studying American History would be subjects such as labor laws and social security. We as a society want to live better lives and improve the quality of our lives and so by looking at the past we can make changes in the future to benefit our future generations. In my view without studying history there would be no progressive future. I think many people have a negative view on studying history because they can’t seem to find a connection to how history relates or affects their lives. I believe that anyone can find something interesting to study in history. It’s just a matter of finding a way for them to connect with a subject on a personal or professional level. Maybe someone does...
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... The Basque Autonomous Community ranks first in Spain in terms of per capita income, with gross domestic product (GDP) per capita being 40% higher than that of the European Union and 33.8% higher than Spain's average in 2010. Rich iron ore deposits, forests, and ample availability of hydraulic energy from water spurred the region’s industrial development. Basque iron foundries and shipyards dated from the Middle Ages. The industries, together with trade, transport, and later firearms were the bedrock of the economy. In the 15th century, the Basque Country became the leading iron producing region of Spain and one of the most important in Europe. The shipbuilding industry was the largest in Spain and expanded considerably as commerce flourished. A strong legal framework and a broad array of schools and research centers emerged. Industrial activities were traditionally centered on steel and shipbuilding, mainly due to the rich iron ore resources found during the 19th century around Bilbao. The Estuary of Bilbao was the center of the Basque Country's industrial revolution during the 19th and the first half of the 20th century. These activities decayed during the economic crisis of the 1970s and 1980s, giving ground for the development of the services sector and new technologies. The post-war period has been a fruitful period as long as economic progress is concerned. Aggregate...
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...The 1973 Oil Crisis By Sarah Horton In October of 1973 Middle-eastern OPEC nations stopped exports to the US and other western nations. They meant to punish the western nations that supported Israel, their foe, in the Yom Kippur War, but they also realized the strong influence that they had on the world through oil. One of the many results of the embargo was higher oil prices all throughout the western world, particularly in America. The embargo forced America to consider many things about energy, such as the cost and supply, which up to 1973 no one had worried about (Spiegelman). In order to understand the main cause of the oil crisis one must first know the history of the region and the ArabIsraeli conflict. World War II a Zionist state, known as Israel, was created on 56% of the land that was formerly known as Palestine. This state served as a homeland for Jews. The local Arabs were enraged by the fact that the Palestinian land had been taken to create this state. They refused to acknowledge Israel as an independent state. The Arabs began to launch efforts to recapture the land that they felt was rightfully theirs. This created the Suez-Sinai War. The British and the French sided with the Israelis in order to punish Nasser for nationalizing the Suez Canal. The strong Israeli military forces quickly defeated the Arabs. The Arabs responded to this defeat by uniting. In 1967 Israel launched the Six-Day War, claiming much land. In 1973 Arab forces retaliated. On Yom...
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...The Big Question How did Americans challenge the rigid social expectations that characterized the early Cold War period? What was the relationship between domestic changes of the 1960s and the US's changing foreign policy? Section 1: Short Answer (30 points) Write multi-sentence responses for the prompts below. Be specific and give examples from the history we have learned. A. Read the statement below and then analyze what it is saying about being a young person in the United States in the 1960’s. Use these questions to help you write a commentary of 3-5 sentences: (10 points) * What events and changes in American society does the writer refer to? * How is this document an example of the ‘youth culture’ at the time? "When we were kids the United States was the wealthiest and strongest country in the world; the only one with the atom bomb. . . . As we grew, however, our comfort was penetrated [filled] by events too troubling to dismiss [forget about]. . . . The Southern struggle against racial bigotry [racism], compelled [took] most of us from silence to activism. Second . . . the Cold War, symbolized by the presence of the Bomb, brought awareness that we ourselves, and our friends, and millions of abstract "others" . . . might die at any time." —Port Huron Statement, Students for a Democratic Society The writer is referring to how America changed as he grew up. He grew up during a time when America was the wealthiest nation, but there was racism in the south...
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...Solar energy is produced by the sun. It’s the energy transmitted from the sun in the form of electromagnetic radiation. It is taken from the sun and converted into electrical/ thermal energy. Solar is actually the Latin word for sun. There are many reasons why solar energy is better for the environment but there are some down sides. The earth receives about 1,366 watts of direct solar radiation per square meter. In one second the sun produces energy to meet the current needs of the entire Earth for 500,000 years. Solar energy used to photosynthesis. 99.99% of solar radiation goes to waste. Solar energy will never run out and it is very abundant and clean. Solar energy has been used by humans for thousands of years. For example, ancient cultures used energy from the sun to keep warm by starting fires with it. They also kept their homes warm through passive solar energy designs. Buildings were designed so that walls and floors collected solar heat during the day that was released at night to keep them warm. If you have ever stood in the sun to get warm then you too have utilized solar thermal energy. The discovery of photovoltaic happened in 1839 when the French physicist Edmond Becquerel first showed photovoltaic activity. Edmond had found that electrical current in certain materials could be increased when exposed to light. 66 years later, in 1905, we gained an understanding of Edmonds' work when the famous physicist Albert Einstein clearly described the photoelectric...
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...Organizational Change of the Chrysler Corporation in the 1978 Bailout and Lee Iacocca Dustin T. Embler BA 401 Research Paper/Case Study Abstract In the year 1978 one of the United States largest corporations was on the brink of financial crisis, the Chrysler Corporation. Hundreds of jobs, billions of taxpayer dollars, and the success of an American company all lay in the balance. Chrysler was overcome in debt due to its subpar decision making, increasing government regulations, and inability to compete with its domestic and foreign competition. Nevertheless, a hero arrived when Lee Iacocca joined as President of Chrysler to aid to its recovery in such adverse times. Fighting his way through the United States legislation for financial assistance to save Chrysler, Iacocca is able to successfully get the necessary legislation passed that will not only help him keep the company afloat but to also change the entire organization into a successful and profitable business in a matter of years. History of the Chrysler Corporation and Lee Iacocca “The Chrysler Corporation was founded in 1925 by Walter P. Chrysler, a former railroad mechanic who rose through the ranks of GM to lead the highly successful Buick Division. Chrysler did not get along well with William Durant, the founder and head of GM, and eventually left to form his own company (Braun).” “Always short of capital in this capital-intensive business, Chrysler was forced to build its cars largely of purchased parts...
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...about America well into the 2000’s. One of the new roles America chose was greater involvement in the world’s economy. This decision had immense outcomes for the future of the American economy, however some aspects of the economy managed to remain the same. In the 40’s and 50’s America made its first voyage into the world of free trade. In the 60’s and 70’s America honored its commitments to free trade but also started down the path of dependency and outsourcing. In the 80’s to 2000 America remained on the path from the previous two decades, but finally experienced the effects of the internet on the global economy. Therefore, Globalization...
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...The first form of energy talked about was produced by generators powered by the wind. These generators are hundreds of feet tall with four huge fan blades almost like airplane blades. These blades produce electricity from the force of the wind that makes the blades rotate very fast. The wind powered generators are being used in Europe which produces more meaningful amounts of power than what is used in the United States of America. The wind powered generators are a very efficient in producing a safe environmental form of electricity. However the one downfall to these if you don’t have wind, then guess what you don’t have any electricity either. If you had the luxury of having solar powered energy which was the second part of the discussions, this form of electricity is produced when solar panels are placed down to charge by the sun light. However, there would be another issue with this just like with the wind, if you don’t have the sun, then again you will not have any electricity. The use of bio fuels ethanol that is a gas that has been used since the natural gas crisis in the 1970’s. In recent years scientist used the corn itself to make the ethanol, now however, they are working and trying to find a way to use the field clippings after the corn has been harvested. These clippings are stalks and leftovers that are just left on the ground when the farmers are done harvesting the corn itself.Water is a source of natural energy that wasn’t discussed in the video, this is something...
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...Instruction on the Group Project Principles of Management Each project group is expected to collectively write a case report that focuses on an ethical issue faced by a real-life organization, a specific industry, or a business profession. Following is a suggested outline for the case written by your group: I) Background Information (e.g., corporate history) II) The Central Ethical Dilemma(s) III) Alternative Ways to Deal With the Ethical Dilemma(s) IV) Possible Consequences and Implications of Alternative Solutions V) Ethical Theories That Are Applicable to This Case VI) Key Questions for Case Study When writing this case report, you are encouraged to gather as much relevant information as possible from various online and offline data sources. However, all the information used in your case analysis must be properly cited in the main body of your report, including the author name(s) and publishing date/year, if available, and the detailed citations must be included in the References section. Your case report will be graded on the following criteria: 1) Proper application of ethical theories 2) Quality of writing (readability, originality, grammatical correctness, etc.) 3) Breadth of information utilized (at least 20 different articles or books need be cited and actually used in writing this case) 4) Demonstrated critical thinking skills 5) Robust logical reasoning 6) Comprehensive data analysis (i.e. taking into...
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...CONTENTS Submission by – Group 5 Yashwant Kasturi – 49B Srinivas Gadepalli – 42B Shasank S Jalan – 37B Saurabh Malik – 34B Saurabh Kumar – 35B Submission by – Group 5 Yashwant Kasturi – 49B Srinivas Gadepalli – 42B Shasank S Jalan – 37B Saurabh Malik – 34B Saurabh Kumar – 35B Macro-Economic review of Israel Macro-Economic review of Israel Economic Backdrop In the last decade, Israel has secured * Strong growth—averaging 3.8 percent * Inflation in the 1–3 percent range * Public debt falling below 80 percent of GDP * Budget deficits declining into the 1–3 percent range * Freely floating and competitive Shekel (Israeli Currency) The economy was open and flexible—reflected in * Exports of around 40 percent of GDP * Stable Property markets (capped by earlier supply overhangs) * Highly activist and effective Financial—and especially banking—supervisory structures The Israeli economy is a diverse open market economy. Being a relatively young state in the modern era, Israel is recognized as a developed market by many major indices. It has also became a member of the OECD in 2010. As of 2011, Israel has the largest number of companies listed on the NASDAQ after the United States and Canada. Resilient Economy The Israeli economy showed great resilience during the latest global economic crisis. It withstood the economic crisis due to * Stable banking system * Labor market elasticity * Lack of complex...
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...economic security related to geographical constraints. Basically raw materials are becoming even more strategical and problematic for states. Raw materials are essential for the efficient functioning of world economy:they are the first component used to manufacture or to produce goods, so it remains even more important in our society because of globalization. Some surveys prove that needs in raw materials leads to interdependency between states. This report is here to highlight the importance of raw material and the geostrategic problems that it creates. Do we have enough quantity of raw material, in partiular carbons, to satisfy a growing worldwide consumption in energy? How do raw materials have an impact on geostrategy? To find answers to theses questions, I will first discuss about raw materials, specifically carbon energy, their importance and their “fate”, and then highlight the worldwide competition for natural resources. I. Our dependecy to Raw Material All our natural resources, except 2 of them, oil and natural gas, are doomed to exhaustion. Why? In june 2010, the European Commision releases a report on the “critical raw material” and their proven reserves worldwide. A critical raw material is a resource subject to a higher risk of interuption. Basically they are many risks factors: low political stability (Sub-Saharian African countries), lack of investment, local Pépin Loïc – ICC 3ème Bachelor CE2 conflicts or international disputes. Here, it's the list of “critical...
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...British Petrolum 2012 BP Oil Spill Management Dr…………………………………….. Nahla…………………………… , Nuf………………………. QATAR UNIVERSITY Executive Summary This paper examines the oil spill that took place due to an explosion at one of the drilling rig of British Petroleum on 2010 in the Gulf of Mexico and the managerial response to that crisis. Introduction: History of British Petroleum (BP) According to the British Petroleum's website, the company has started in 1908 with oil found in a rugged part of Persia after a long and hard search. Since then, discoveries large and small have participated in our progress. This is the first phase of BP between 1901 and 1908, the period during which the oil discovery was uncertain. The company has started as the Anglo-Persian Oil Company, which would be called one day BP. The next phase of BP's history was from 1909 to 1924, when the Field of Naphtha was 210 rugged kilometers from the mouth of the Persian Gulf. The Anglo-Persian was building a refinery to turn the thick crude oil into a usable product. Despite its name, the British Petroleum brand was originally created by a German firm as a way of marketing its products in Britain. During the I World war, the British government seized the company’s assets, and the Public Trustee sold them to Anglo-Persian in 1917. The Third phase of BP's history was from 1925 to 1945, when cars flooded onto the streets of Europe and the United States in the 1920s and 30s. BP-labeled gasoline...
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