Someone who has a grasp on American politics like no other is David Koch and his brother Charles. The bigger of the two players is David with a fortune of 25 billion dollars. He and his brother run Koch industries which sell familiar products like Brawny paper towels and Dixie Cups. Those are just a couple of the products that they sell of course, but where they make a killing is in oil and gas. The Koch brother bring in over 100 billion dollars in annual revenue, most of it coming from their oil and gas business.
The cause of inequality ranges from a series of mediums form social status to gender and even race. While education is caked with large portions of inequality, the biggest play it remains shrouded from the public eye is in the very core of our government itself. To be more specific there is a constant rising unjust distribution of taxation going on in the government taking place amongst those who make outrageously high amounts of money. Krugman informs us regarding hedge fund managers, and how they basically receive a “unconscionable tax break” that “ these managers- some of whom make more than a billion dollars a year get to have most of their earnings taxed at the capital gains rate, which is only 15 percent, even as other high earners pay a 35 percent rate,”(568). Blatant tax evasion occurring right at the core of our own government, and perhaps depicts perhaps the biggest example of inequality in our country today.
The first example is just the stock market crash. This is saying that the stock market it affected a lot of workers. This is important because of how it left the economy. Another example of the setting showing powerlessness is the general homeless, unemployed workers at that time. This is expressing that steinbeck creates the average person during the time period such as Crooks and creates sympathy though his background.
The Great Depression The United States fell into a growing hole of financial problems, called The Great Depression. As a country, we became poor because of the stock market crashing. Millions of Americans were losing jobs, and the leader of our country was facing more problems by the second. “By the 1930’s over 13 million Americans lost their jobs. The United States lost so much money that incomes were reduced by 40%,” (Degrace).
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To conclude, the Great Depression wasn’t just a fail in the stock market, it was a combination of social and economic factors. Isolationism, made us overproduce and under consume, which resulted in a loss of jobs and money. Consumerism led people to buying expensive things that they don’t need and regretting it later. The Great Depression not only affected business but also everyday Americans. In all of American history, the Great Depression was the worst economic collapse that severely affected
The United States faced an economic crisis that led to the loss of billions of money in the stock market. American life turned down to the extent that banks fell and investors could no longer invest in the country. Many companies closed, and millions of citizens lost their job. Crime became a way of life for many during the Great Depression as it was almost impossible to find work. The industrial production in the United States declined 47% and gross domestic product (GDP) fell 30% (Ohanian, 2017).
Moreover, this uneven distribution of wealth has contributed enormously to increased poverty and deprivation in the US. In fact, 1 in 7 Americans today experience hunger and 16 million children live in poverty. 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
In the 1960s, we began to see scholars striving to best state what CSR meant (Carroll, 2008) . Among scholars, who contributed to defining the corporate social responsibility on early stages, were C. Walton with his book Corporate Social Responsibilities (1967), which analyses the role of business organization in society, William C. Frederick with the article The Growing Concern over Business Responsibility (1960), which suggests new ideas how to judge your responsibility, as a businessman. Joseph McGuire`s Business and Society (1963) also significantly contributed to the studying