Business Unleashed from A More Perfect Union Essay

Business Unleashed from A More Perfect Union - Essay Example From the issues of evolution, we find out how various forms of past occurrences managed to evolve into currently more sophisticated forms. The brain of mankind, managed to undergoes a transition that saw to it being more powerful and enabled mankind to develop the ingenious inventions which have transformed the world. By looking at the challenges made in the past, decisions could be made basing on these challenges. Solutions resulting from these decisions end up making the whole world a better place (Lasker 41). History created in the USA (United States of America) when president Barrack Obama became the first ever black president. Critics argued that his speeches were the catch point and what made him as famous. Through his eloquence, he was able to move masses, he was able to convince and influence the masses into thinking in line with his beliefs. Ronald Reagan came to be in February 1911. He went to college at Eureka College. He got his first job as the radio sports announcer and further proceeded to Hollywood that was in 1937. As an actor he made seen in fifty films and given the post in the movie as the president of the United Sates of America twice. During the 1950’s he further became a spokesman and worked for General Electric Co. He changed his political ambitions gradually from a democrat who was liberal to the republican who was conservative (Boller 87). He was later elected as the California governor in the year 1966 and successfully went for two terms. The current president Jimmy Cater in 1980 was succeeded by Ronald Reagan as Reagan was sworn in as the president of the United States of America in 1981. Immediately after being sworn as the president of the United States, he was assassinated and in the event endured some wounds. The reign of President Ronald Reagan adopted the aspect of the supply side economists. This was an attempt to try and encourage and initiate a rapid economical growth in the

Compare and contrast the great depression and todays great recession Essay

Compare and contrast the great depression and todays great recession - Essay Example Therefore, it is relevant to correlate historical experience of 20s with the current processes in the economy. In order to show distinctions and parallels between the Great Depression and the Great Recession, it is required to analyze the reasons of these periods in the American history, draw parallels between them in order to develop lessons for the future practical implementation of successful strategies and avoid mistakes of the previous years. Another supposed reason for the Great Depression is often found in banks collapse. When investors took away their money from the banks to pay debts, nearly 9,000 banks failed in less than 10 years. Therefore, a credit crisis occurred. Those individuals who had bank accounts lost their savings and businesses did not have an ability to expand. Furthermore, this drastic economic situation was also spoiled by a slow process of recession. People were afraid of spending their money and many companies had to decrease their production levels. As a result, a great number of unemployed people occurred. The American government managed to correct the challenging situation and introduced The Smoot – Hawley Tariff act of 1930. In accordance with this Act, American companies could easily trade with international companies and pay fewer taxes. Still, the government could not resist dust and drought storms, which devastated agricultural sector. As a result, the prices for food were high and p overty rates increased as well. As far as we can see, there are many parallels which can be found between the Great Depression and today’s Great Recession. Let us focus our attention on the reasons that triggered the Great Recession. In 2008 only 19 banks have experienced bankruptcy. In 1930, 744 banks failed. In 30s, banks were protected by the FDIC (Federal Deposit Insurance Corporation) (Chee-Heong Quah and Crowley, 2009). Still, this system is more beneficial for banks nowadays. In