Now we have taken a look at the effects of keynesian economics in post World War II and cold war, let move on to discuss how the fiscal policy of tax breaks was one of the deciding factors in the post–World War II economic expansion also known as Golden Age of
Through the years, technological innovations have influenced the history events and shaken up geopolitical power. In the days of Winston Churchill, the transition of the Royal Navy from coal-burning to oil radically changed the course of World War I, which helped Entente gain the victory. The first industrial revolution that began
The “lost” generation refers to the era that came right after the end of WWI. During this time America was experiencing an economic boom and was in the midst of industrial power rising to prominence. However, this era also contained many socioeconomic problems that gave rise to many reform movements. Lost generation writers attempted to unmask American society often trying to reveal the underlying problems that were not easily visible. The four main lost generation writers were F. Scott Fitzgerald, Gertrude Stein, Ernest Hemingway, and T.S.
The real question as of today is “Has technology taken over our lives?” This article on technology taking over was published by Tom Wozniak. About Steve Wozniak 's points he has made at an event he had attended about how technology has been taking over and how it’s a big impact on our lives today. Because of some of the technology developments that have grown onto us, industries have rose and some have fallen. Jobs have been created and lost, and people’s lives have been permanently altered. The authors point was to show people how much technology has taken over.
Should America implement a flat tax? According to Steve Forbes “For many years, people have said, ‘Make the rich pay more,’ and many politicians have said, ‘The rich people need to pay their fair share,’” (Forbes) but what do we think is really fair? In this essay, I will show some of the benefits of implementing a single flat income tax. I will also some of the effects the flat tax will have on the lower class, middle class, and the upper class. I will then show the effects of implementing a flat tax on the United States economy.
Apple Inc. has transformed its image from an inventive computer manufacturer to a fully-fledged consumer 's electronic company. Some facts of its success can be calculated from its sales is 21.7% in the year 2014. (Apple Inc. 10-k 2014). This essay will be covering how the apple Inc. accomplishes the global competitive advantage based on the Star Analysis frame work. HOME COUNTRY ADVANTAGE Apple Inc. was founded in 1976 in USA and since then Apple Inc. has been leading the way in innovating new products, however it has encountered numerous ups and downs since they started.
The central argument of the chapter on “The Golden Age”, as described by Armstrong, Glyn and Harris is that between 1945 and 1973, the world witnessed the development of certain institutions that facilitated labourers getting a share in productivity. During this time, the real wages rose at 3% per year (Glyn et al, 122). The above mentioned institutions are mostly trade unions, and other mechanisms through which capitalism can be managed. At a point where workers were not able to fully reap the gains from the boom, Europe witnessed “a wave of strikes between 1968 and 1970” (Glyn et al, 190). In the United Kingdom, the protests had reached a level where the winter of 1969-70 began to be known as the “winter of discontent” (Glyn et al, 190).
A)Introduction Research Background The Fourth Industrial Revolution is the fourth major industrial era. It builds on the Digital Revolution, representing new ways in which existing and future technologies become embedded within societies and even the human body. The advances in robotics & automation, artificial intelligence, nanotechnology, quantum computing, biotechnology, The Internet of Things, 3D printing, autonomous vehicles, and material sciences will fuel this era and fundamentally change the functions of the modern economy by emerging technology breakthroughs. It is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres, and impacting all disciplines, economies, and
The term “Globalization” has been in existence for the past 50 years. It is one of the major causes of the increase in international trade. The Oxford Dictionary defined Globalization as “the process by which businesses or other organizations develop international influence or operate on an international scale”. It is a phenomenon that has been in the front burner for several years. Certain individuals opine that it serves as an advantage for the developing countries to compete in the global market while others were of the opinion that it favors the developed countries by making them richer (Giddens, A.
(2008) examined the unique role of international credit rating agencies in affecting domestic and cross-country stock markets by using the sovereign rating changes announced by Standard & Poor’s and daily stock returns of five countries for the period from January 1990 to March 2003. It concludes that stock returns in the five countries that were hit hardest by the 1997 financial crisis are shown to be significantly affected by sovereign credit rating changes in their own countries. It shows that the stock markets are significantly impacted by downgrades in sovereign credit ratings during the crisis period. Furthermore, according to Ibrahim et al. (2014) sovereign credit rating changes do have an impact on stock market returns, although there are differing reactions to news from the rating agencies.