Great Depression Essays (463 words) - Financial Crises,

Great Depression The year of 1929 began a time period of horror in America. It was the beginning of the great depression. A time in which many lost their jobs became homeless, and went hungry. Many people had to live off the nutrition of weeds or some worked fifty - five hours and only earned seventy - five cents. The cause of the depression was the stock market crash of 1929 known to investors as Black Tuesday. Black Tuesday is said to be the most shocking financial event in the history of the united states. Not only did the stock market prices drop drastically but the business world was brought down with it. Inflation also rose because of the crash. The crash that occurred on October of 1929 caused Americans to lose Thirty billion dollars and the American dollar value was 90% less than it was prior to October of 1929. Wholesale and retail food prices dropped 40% and farm prices dropped over 60%. About four million families were left unemployed and on relief support only receiving fifteen dollars a month. Because of the crash the government was required to set new regulations regarding stock market trade. The reason for this was to attempt to prevent another stock market crash from happening in the future. The depression brought about many problems not only did people have to worry about unemployment they also had to worry about crime. Many Americans tried to get easy money by taking part in robberies kidnappings and murders. In 1935 criminals out numbered carpenters four to one, grocers six to one, and doctors twenty to one. In the mid west, crooks with shot guns and Tommy Gun were a common thing. In large cities the criminals were making money off of extortion prostitution and auto theft. GREAT DEPRESSION TIMELINE 1929 Herbert Hoover became president Stock market crash begins on October 24 investors call October 29 Black Tuesday Losses for the month are sixteen billion congress passes Agricultural Marketing Act to support farmers until they can get on their feet 1930 By February, Federal Reserve cut prime interest rate 6% to 4% The smoot-Hawley Tariff passes on June 17 Democrats gain in congressional elections but still don't have majority The GNP fails 9.4% and unemployment rate climbs 3.2% to 8.7% 1931 A second banking panic occurs in the spring The GNP falls another 8.5% Unemployment rises to 15.9% 1932 This year and next year are the worst of the depression GNP falls a record 13.4% Unemployment falls another 23.6% Congress creates the reconstruction finance corporation Congress passes the federal home loan bank act Congress passes the glass steagall act of 1932 1933 Roosevelt inaugurated Third banking panic occurs Congress passes the Emergency Banking Bill,The farm credit Act,and National Industrial Recovery Act 1934 Gnp rises 7.7% Unemployment falls 21.7% 1935 GNP rises 8.1% Unemployment falls 20.1% 1936 GNP rises 14.1% Unemployment falls to 16.9%

All My Sons2 essays

All My Sons2 essays All My Sons, a play by Arthur Miller, tells predominantly of the story of the Kellers. This play takes place after World War II, in the year 1947. It is a drama of actions and consequences and morality. This theme of actions and consequences is shown after Joe Keller ships out defective engine parts, which ultimately ends in the death of many pilots including that of his own son, Larry Keller, who kills himself in shame of his father s actions. Joe Keller had two sons, Chris and Larry, who is dead. Chris and his father, Joe, have opposing morals and viewpoints on many of the issues that govern their lives, primarily the issue of the shipment of the defective engine parts. Chriss criticism of Joe and his morals in juxtaposition to his own produces a revelation of Chriss true character and his character flaws. Chriss main criticisms of Joe, his father, chiefly deals with the shipment of the defective engine parts. Joe plays a major role in this play. He is shown as the antagonist, the one who through his bad decisions, ends up killing many innocent pilots who were only defending their country. In All My Sons, Miller complicates the story in that the father becomes flawed morally to such an extent that the outside forces function as reflections or testimonies of the essential inner weakness. (Martin, 9) As Yorks shows in his essay, through Joes loyalty to his business and his family, Joe betrays the larger loyalties of the global conflict [World War II] (21) by shipping out defective engine parts. Joe tries to defend his actions by saying, Who worked for nothin in that war? When they work for nothin, Ill work for nothin...its dollars and cents, nickels and dimes; war and peace, its nickels and dimes, whats clean? Half the Goddamn country is gotta go if I go! (Miller, 67) Joe claims to Chris that almost all the businesses inv...

John Stuart Mill's principle of liberty Essay Example | Topics and Well Written Essays - 1750 words

John Stuart Mill's principle of liberty - Essay Example I prefer this definition of public policy because it establishes a direct connection between expectations of a society and the effectiveness of their embodiment by governments. With such observations in mind, let us try to find out to what extent, if at all, John Stuart Mill's principle of liberty is a workable and attractive basis for public policy in light of real-life challenges. ... ills principle to public policy, because in the latter case we may fail to exactly identify aspects of the principle that cause difficulties in its practical implementation as a basis for public policy. Besides, the fact Mill himself differentiated between the spheres of application of the principle of liberty in positive (freedom for personal development) and negative (knowledge that our freedom from harmful interference of others is protected) ways suggests that for him, as a utilitarian, this differentiation was needed in order to provide a practically applicable frame for his moral philosophy. Indeed, while for Mill the maximisation of happiness serves as the moral end, he realises that the task of distribution of limited amount of goods that can promote happiness requires the establishment of strict social norms violation of which should be punished for the common benefit. The first part of the Millian principle of liberty, which declares that a person has the right to do whatever he or she wants and be free from the interference from other people, stems from Mills principle of utility "grounded on the permanent interest of man as a progressive being".1 By this Mill implies that the choice of forms of governance should be based on their capacity to promote development of faculties of each individual, which would generally increase moral freedom, responsibility, and rationality among people, thus leading to more happiness. This aim is justified by the fact that free personal development is an end for each individual, and at the same time is a proper way for the whole society to thrive.1 So, it is after all the utility that dictates the best forms of social life.2 Therefore, with the personal development being the basic value, Mill states that liberty, insofar as it