You realize that the wind turbine did this and you are horrified. The U.S is in a 16.3 trillion dollar debt, a hole that is very hard to get out of. The CWP will only add more debt to the country and the people. The project will cost 2.5 billion dollars, causing many businesses to fail. There will be a 2.2% increase in an electricity bill, making it even harder for the middle class Americans to afford the electricity.
“There is something profoundly wrong wrong when one family own more wealth the bottom 130 million Americans.” The United States of America has always had economic growth problems. Income Inequality is a big factor for this situation. We are currently in the 21st century and yet we have no improvement on income inequality. In 1984 by George Orwell the low income are the proles who are the incredulous of the story.
Additionally, too great economic inequality prevents the economy from growing. In view of middle-class worker’s reduction or stagnation in salaries, they have less disposable income to spend. Thus, businesses suffer and must cut costs, which inevitably leads to even more reduced revenues for
The stock market crash of 1929 was needed as like a jump start for the nation. With the stock market crash of 1929, it sent the U.S. into the greatest depression it has ever known and people didn 't know what to do or how to fix it. Fitzgerald couldn 't predict the stock market crash but in his book the Great Gatsby, he does write about how, “that society was living in excess and without curbing its appetite somewhat, ruin was just around the corner.” Before the crash the only people that benefited were the wealthy and officials and the high ups, before the crash the market rose by 108 percent and wages grew, but this all came to a big grinding halt when the stock market crashed. The Nation went up and came crumbling down, this destroyed the economy and the view of people as they did not know how to fix it or change it.
Before the crash, the stock market experienced an all-time high that the Dow Jones Industrial Average reached a record high 381.2. By November, it plummets to as a low 199 and with this low, it caused stocks to lose value about 90 percent. In lieu of the crash of this created a great depression, and it was the longest and most severe depression every experienced by the industrialized Western world. “The fundamental changes impacted the economic institutions in example, banks and macroeconomic policy and economic theory” . Every bank and anyone that heavily investing in stocks left vulnerable and virtually
The 1920s and early 1930’s Great Depression eras were crucial and agonizing periods which affected majority of the people both physically and psychologically, during this time, not only in America but all over the World, there was a major economic crisis. There was a deflation in asset and product prices and disruption of trade, which ultimately resulted in widespread unemployment around the globe and eventually led to poverty known as the century of Great Depression. Because of the amount of influence the American economy had in the world, the US stock market was equally important to the world economy. More than 15 million Americans were unemployed at the worst point of the Depression, which was one-quarter of the labour forces in the United States. I chose these films ‘Of Mice and
Everynight over half a million Americans will fall asleep without a home, they are homeless in one of the richest countries on the planet. Capitalist countries naturally have an imbalance of wealth and thus the citizens of these countries often face the moral conundrum of charity and humanitarian aid. In many smaller cultures the dependency of the few is the burden of many however when discussing large nations and the suffering of hundreds of thousands one must consider factors such as population capacity, resource management and long term dependency. When such factors are considered it becomes much harder to maintain a from each according to his ability and to each according to his need system. Large nations cannot bear the burden of homeless,
And they never take into account the interests of the people at the bottom, and when they use their own funds to support the foam to be large enough, cruel pierce it and then himself get out easily. Leaving only the bottom of people actively look dead. But they did not know their actions will created the Great Depression for many years, that make they can not live easily either. ③Learning from History
Finally, from the Syrian civil war, 250,000 unfortunate people have died. When multitudes of people migrate to one country, that country would, in turn, become extremely pressured. “The pressures caused by massive influxes of people can be overwhelming”(“What's Driving the Global Refugee Crisis?”). Every year, Germany alone spends 21.7 billion dollars on anything which is refugee related, and with oncoming demand in Germany, this number continues to grow higher. The European Refugee Crisis has also displaced nine million Syrians’ homes, making it troublesome for countries to house them.
Moreover, the raise o the oil crude tax to a 68% complements the collapse of Puerto Rico’s economy because all the products consumed on the
Price for gas was skyrocketing, Nixon and his administration now face something they never saw coming. With Arab Nations putting an embargo on the U.S. for oil. This led to the worst gas shortage in U.S. history. At the start of 1968 the price for fuel began to rise at outrageous amounts with gas being priced at one hundred times its original value. With the price for oil continuously growing the price for food, fuel and transportation went up drastically.(Doc C)
Panic of 1893 1893-1897 The Panic of 1893 was the worst depression in the nation’s history. The economy was centralized enough that most people were influenced by national markets and almost everyone was vulnerable to the effects of a national economic depression. In April 1893, the U.S. Treasury’s gold reserve dropped below $100 million and set off a financial panic as investors sold off their assets and converted them into gold. Along with the failure of the Philadelphia and Reading Railroad, the market was increasingly unsettled.
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.
Tax cuts and the middle class. The most important social class in America is shrinking at an alarming rate. The middle class, the driver of the economy is becoming few and are between. This is impart by stagnant wages and salaries for low skill jobs that need little to no education but also huge tax breaks for the tip top 1% makes the middle class pay for what is lost from them.