Bernie Madoff And The Biggest Ponzi Scheme Analysis

One big issue is excessive quantity, this means you were born into a rich family, and includes millionaires and billionaires. The incentive to excel is destroyed due to the abuse from the rich. Economies allocate income and wealth, which creates winners and losers. This is understandable because that is what economies do. The challenge to this "game" is finding the right balance.

The first and maximum obvious organization Fitzgerald attacks is, of path, the rich. However, for Fitzgerald (and certainly his characters), putting the rich multi function group collectively could be a top notch mistake. For a lot of the ones of modest means, the rich seem to be unified with the aid of their money. However, Fitzgerald well-known shows this isn 't the case.

People who are similar to each other tend to be jealous of each other. ​The most obvious similarity between Tom and Gatsby is that they’re both rich. This can lead to theories of Tom being jealous of Gatsby knowing Gatsby’s wealth can be a threat to him. Tom may also be jealous of they way Gatsby became rich because of the way he explains to Gatsby “You can buy anything at a drug store nowadays.” In this quote Tom could be saying how Gatsby could have became rich so easily by running a drug store meanwhile he could of worked harder to get where he is today.

Money has a powerful influence on the perception of people. Motivation can bring good things to those who have a lot of fortune. Riches is what makes the American Dream come true because it can either buy materials, love or even identity. The Great Gatsby, by F. Scott Fitzgerald, makes a direct relationship between money and the pursuit of the American Dream. In the novel, money plays the role of motivation and changes in people.

Theodore Roosevelt's anti-trust act stopped robber barons in their track's. The Anti-Sherman Trust Act wast the first act to outlaw monopolistic businesses which is reducing the fair market competition of enterprises and monopolies. Theodore Roosevelt sued J.P. Morgan for bad trust's and won the case in The Supreme Court. This was a turning point in America because robber barons didn't own America anymore. It was a time of greed, corruption, and broken capitalism was common in America.

Gatsby and Nick have a conversation about Daisy’s personality and values. Fitzgerald makes Gatsby realize that Daisy’s “voice is full of money” (120). Concentrating on the negative aspects of the desire for money, Fitzgerald employs materialistic motif to convey how American citizens search through their society to find more wealth that can bring them up to a higher class. A higher social status is seen as the way to reach happiness, but it is a false sense of happiness that they are experiencing. In addition, Fitzgerald utilizes the materialistic motif to establish how the wealthy create their social lives around wealth.

Major countries collapsed after our lending to them, and the stock market bubble burst right here in the United States. He recalls the Hoover administration as “it encouraged speculation and overproduction, through its false economic policies.” Roosevelt also says that Hoover 's government attempted to minimize the stock market crash and misled the American people to its true extent. He calls Hoover 's blaming of other countries erroneous, and he failed to both recognize and correct the “evils at home which had brought it forth; it delayed relief; it forgot

It was not until the 1980’s that many of the plans established in the 30’s began to dissolve with the help of Congress. With the greed of the 1980’s under Reganomics and Garn-St. Germain Depository Institutions Act 1982 was the most important step leading up to the 2008 financial crisis because it deregulated mortgage lending, allowing "alternative" transactions such as lending with little money down. With the fall of the Berlin wall, patriotism was at its all-time high and so was the housing market. Particularly because of the Garn-St. Germain Depository Institution Act evoked designed to improve affordability by doing so by deregulation of the banks that allowed flexibility with financing that included Adjustable Rate Mortgages (ARM). In the early 80’s home sales fell by half, which meant sales and permits for building home also drop to record lows.

On the other hand, such actions undermined the effort of giving three sixty protections to our homeland from the foreign enemy as well as our determination of having a clean image in front of the globe around is hampered. As a duty of a true patriot he would protect the American laws and overreach only the domestic spying operations, but he failed to do that and became a traitor. Next argument is a patriot always trust in his own deeds and willing enough to face the consequences, but Snowden fled the country because he knows his documentation was stolen which make he a criminal. The righteousness of the cause and action never can be justified as having valuable information and seeking refuges is not a sign of patriotism and if his theory was genuine he would remain in the country and faced the consequences . Apparently, if any nation’s secret information is stolen and they don’t have any reason to trust the accused person and the way he reached to disclose is ambiguous

Part IV: Walpole’s Influence Saves the British Economy Walpole knew that the South Sea Company would eventually fall apart. What he did not know was when it would happen. It is interesting to note that just as his decision regarding the Bubble Act pushed stock values of the South Sea Company higher than ever, he moved most of his money out of the South Sea Company and into housing. According to Plumb, Walpole may have felt that he could be ennobled. However, he knew he could only be named to nobility if he owned enough luxury property.

Robber Barons were like robin hoods, but reversed. Instead of stealing from the rich to give to the poor, they would steal from the poor by giving the rich a discount on a product, then making that same product up for a poorer person (Whitehead, 2016). The Civil War has just ended. America is thrown into a time of industrialism that it wasn’t properly prepared for. Before all of the industrialism was put into the equation, we were a mess and with the industrialism, we were a disaster, just waiting to explode.

He had to deal with the mistrust of a nation and Congress which will make a term in office very difficult. His stubbornness and independence put him in a sticky position that made him unfit to be president. Not to mention, the way he dealt with economic and domestic decisions doing nothing but harm and further damage where our nation was at. Lastly, his foreign affairs―Iran Hostage Crisis, Panama Canal, stirring the pot with his allies, and Soviet tension―weren’t the wisest ways he could’ve handled the problem. Though he saved the energy crisis and the Camp David Accords, his mistakes and damage he has done made Jimmy Carter the worst president that America has seen.

It was March 22, 1765, and my father had gotten word of the new law at work today. He worked as a merchant, and when he had gotten a new shipment of paper learned that Great Britain now put a tax on every document of paper in the US. Great Britain was in a financial drought because of the French and Indian war, and had resorted to taxing us for their faults. The law did not benefit Americans at all, only the British. He grew more furious still.

Factories were producing more than people could purchase, therefore losing many materials and money. Plus the government was giving out loans that people couldn’t pay back, which gradually brought debt throughout the country. Political wrong-doings, unhealthily high productivity rates, unequal distribution of America’s assets; these were all things that seemed good at the time, but proved to be more bad than good as it led America into its darkest time: The great Depression. At the time of The Great Depression, the US president was Herbert Hoover.

In my opinion, Bernard ‘Bernie’ Madoff’s Ponzi scheme was too carefully thought out to be considered a short-term strategy as a means to get ahead. Instead his scheme was fueled by greed and eventually caught up with him and those who were involved with his firm’s unethical behavior. I presume Madoff’s greed for wealth transpired from his moral philosophy of “if we act rich, we become rich”, which was to appeal to others as being more wealthy than e and his family were (cite). In order to keep up appearances, both personally and professionally, Madoff needed to continue the unethical behavior via fraudulent financial activity to account for the movement of funds, which is not in compliance with the regulations set by the U.S. Securities and