Athens had an empire, they stood up for values, they were the school of Greece, while Sparta were clinching onto their dear iron bars. This allowed for Sparta to forget about their state, and go on the offensive. Another example that ties this conflict together is the aspect that Athens a democracy could elect such ignorant leaders who only care about their own glory. Overall, Athens, a democracy, would last longer, as evident by their ruins, and Sparta, an oligarchy, would not last long because as always, an oligarchy will always
A Literature Review Investigating the consequences of austerity on British cities and the people within them? Introduction - Understanding Austerity, who and what it has affected? The UK's social situation has changed since 2010's government call for austerity, which has continued to today. Austerity is how a government changes their use of spending, through taxes and cuts welfare, to reduce the budget deficit; the spending of more money than it makes in taxes and other incomes received (Financial Times, 2018). Former conservative chancellor George Osborne called it "maxing out the credit card" (Stiglitz, 2017).
Soon after the outbreak of the crisis policy commitment to gender equality disappeared from view, both at the European and the national level. This is especially hindering for progress toward gender equality outcomes, as they are still highly dependent on public policy (Rubery, 2015). Karamessini & Rubery (2014) argue that the implemented austerity measures jeopardize the success of past progress towards gender equality by undermining important employment and social welfare protections and implementing gender-neutral policies. Gender equality policies have become a victim of the recession. Leschke & Jepsen (2014) also criticize that gender-equality concerns have not been an issue when designing and implementing the stimulus and austerity measures.
Greece, Portugal and Ireland were the worst hit whereas Spain & Italy were considered fiscally vulnerable economies. As evident from the graph, the bond yield rate for Greece was the highest. This meant that the Greek government had the costly credit, due to lenders’ scepticism of the Greek economy. The factors contributing to this was the current level of debt held by the government as well as its ability to return it rather than defaulting on it. Source: Thomson Reuters Datastream as on 11/08/2015 What is wrong with
He talks about how an economy of a country affects poverty and how it can be eradicated. Galbraith quotes “A vast number of people both in town and country, he noted, had insufficient food, clothing and houseroom; they were: in “overworked and undertaught weary and careworn, without quiet and without leisure.” Large amounts of people do not have adequate food, clothing and shelter. They have been working hard for long hours, doing overtimes but they are not being paid enough. They are not getting the wages they deserve because they are illiterate and lack skills. They are fatigued, miserable, depressed and worried because they don’t have enough money to earn a living for themselves and their family.
This argument follows that the best option for poor countries is the idea that people can find ways to solve their problems if the markets are free and the incentives are right. Poor economics differs from these arguments and reasons that it is possible to make significant progress in alleviate poverty by taking small steps. They argue that political constraints make it difficult to find big solutions to the problem of poverty. The book is a presentation of 8 years of field research in the villages of developing countries such as India, Kenya, Morocco and Indonesia. The authors steer away from the question of whether foreign aid is right or wrong and investigate the complex and multifaceted lives of poor people and policies that could help them.
Troubled Life during the Great Depression The prosperity of the 1920’s gave the American citizenry hope for better jobs, better pay and increased chances of prosperity. People were full of life as they could afford to pay for their basic needs, and even to keep a little money aside as savings. However, the Great Depression presented challenges that were difficult for the people to understand or deal with. The letters written to the government by people from different regions across the country reveal a state of hopelessness, emanating from unemployment, lost homes and savings and starvation. The photographs taken during this time support this situation with relief lines, and children living in temporary and poorly constructed shelters characterizing
The list of reasons why the Great Depression impacted Germany goes on and on. The depression took a tole, on everyone’s life in Germany during this time, children searched for food on the streets they lived on, and so many people became unemployed which had a drastic effect on Germany. Germany had many different things that made the Great Depression more significant. Many German kids were even effected from the Great Depression. Children were starving and were forced to search for food and some of them even had to find work at a young age.
Instead, it was the people of Greece, Ireland, Portugal, and Spain who understood that it was not the euro that caused their economic difficulties. The problem with euro was the creation of high expectations that having the euro would make countries immune from monetary realities, such as the need to balance budgets, etc. What Greece really needed was to get its fiscal house in order. iii. Country Policy and Possible
In the past years the policies of macroeconomics consist or include some causes of the crisis. while, failures that happened in the financial system, especially in America (The US), which was the main reason for this issue. These defeats were caused because of the impairment of the financial system, also the economic and regulations of economics