Inflation rate of 1-2% per year are acceptable and even desirable in some ways (Investopedia, 2015). If the inflation rate goes up higher than 3% per year, it might be dangerous as the currency will devalue. According to (Forbes, 2014) the country with the highest rate of inflation is Venezuela, with current inflation rate of 57.30%. There are different types of inflation which are cost-push and demand-pull inflation (Investopedia, 2015). Cost-push inflation happens when we face higher prices due to the increase in cost of production and higher costs of raw materials.
The Articles of the Confederation was the first government constitution that the United States used, and, although there were strength like the Northwest Ordinance of 1787, there were major weaknesses of the Articles of the Confederation like the following: requiring 9 out of the 13 colonial votes from the representatives from different states to pass a law; having no executive and judicial branch; and the federal government being unable to impose tax revenue onto the states. Such flaws would eventually lead to the Constitution and the repeal of the articles, for the Constitution was a measure to fix the problems of the articles with a stronger government that allowed them to impose taxes and and implement new laws for a more effective government.
As stated in the text,”In truth, it is more than a coin—it is a piece of American culture.” Even though the penny has some culture, culture is nothing compared to losing money the losing money part is way more important than just being part of American culture. This shows how people can hold onto the smallest things for the dumbest reasons. Another thing stated in the text was,”Still, for many people, the penny's sentimental value remains the same.” Even though the penny may have some sentimental value the government is losing a ton of money minting new pennies because they cost more than they have in value. This shows that pennies may have value to some people but not enough to compensate for the money lost by the government for minting a penny. All in all some people believe that pennies are worth minting, but they are just of waste of
In 1791, the Bank of the United States opened, and individual states were no longer allowed to print their own money.Hamilton created the U.S. Coast Guard, but it didn 't have that name then and was referred to as “the cutters.” “The cutters” were the only vessels that were armed protecting trade between 1790 and 1798. (William H. Thiesen, Coast Guard History 2016: How the Coast Guard became a military service, Coast Guard Compass, official blog of the U.S. Coast Guard) Hamilton impacted America,
From 1500 to 1750, silver production in the world was led by Spanish Colonial America and Tokugawa Japan. Silver trade was lead through a connection between four great continents, but there was no direct trade link between America and Asia. In that time, limits were placed on the amount of silver spent, prices increased and decreased depending on the supply of silver and silver production led to more importation and exportation of goods, as well as new ways to pay also developed due to silver production. In the 1570s, the Ming Chinese government stated that all taxes and trade fees should be paid in silver. Most silver flowed over the Pacific, out of Acapulco, to Manila, ending in China.
Conclusion In conclusion, all of the government systems mentioned above have worked at one point in time, and also failed to work in another instance. We have learned that not all monarchies or tyrannies were bad, that they could be benevolent, and that democracy was also not entirely good. It would take a very long period of time for the democratic system to gradually evolve into the representative democracy that we know today. It is also important to note that the founders of modern day democracy looked to aristocratic and oligarchic systems for inspiration rather than the Athenian democratic system at the time (Brand, n.d., 35). Hence, the study of Greek history and evolution of governmental structures can help us better understand the political systems that we have today.
Part2 My example of Political Economy in the text book is on pg 169 in 'The STRUCTURE OF ARCHAIC STATES '. “The Archaic Greeks were relatively weak as a social class , so were the institutions of the states they controlled.” Pg169. They didnt have modern government agenicies to control finances so they used Oligarchs and Tyrants to take responsibility to pay for war and religion. The Oligarchs and Tyrants were more worried about war and religion allowances than making and saving money for infrastructures such as roads, bridges, and buildings, things that would allow more people to want to come and actually to be apart of there society and help boost the economy. They spent more money on religion than they did war.
“Public acceptance of getting rid of the penny is higher than it is for the dollar, but savings is higher for the dollar than it is for the penny” (Howard). The U.S. mint is already releasing dollar coins for collectors’ purposes. It would only take a small amount of work to increase production of the golden coins and decrease that of the
("Trade in Ancient Greece.") Comparably in this century trading has been generated most being alike of the Greece in merchandising but with tremendously advanced technology being utilized. Usually in today’s world many countries are know as “ trade-dependent economy” or “export-oriented economy” because it is when international trade makes up a large percentage of it’s economy. ("Trading
William Jennings Bryan delivered this speech on July 9th, 1896. It was known as the “Cross of Gold” speech. He wanted to use silver for the national currency and not just gold. On March 4th ,1895 a few Democrats addressed the ongoing question of “should silver be used as the national currency?” If so, then the people who believed it should needed to form organizations and take charge to make silver the national currency. People are worried that if silver becomes our national currency then they will lose money because silver does not equal up to the amount that gold it worth.