The captains of industry believed that the poor people were inferior to the rich people. The rich were superior because they had “wisdom, experience, and the ability to administer”. The duty of a rich person was to help out a poor person which was what was said in the Gospel of Wealth. The Gospel of Wealth is about how the rich person's responsibility is philanthropy. Carnegie believes in charity work so he would donate to libraries, and universities and schools and etc.
America was defined by making less than a certain amount of money each year, which was determined by the government (BBC). The masses were indifferent to the amount of people impoverished, proving the mindset of false prosperity. The preconceived notions that the U.S. economy would be unimpaired were soon disproved by the Great Depression. People who were impoverished were getting loans, and buying luxury items (Facts). This lifestyle of believing in the false prosperity and not realizing the problems during the 1920’s of America caused people to suffer more.
Another hit economically was that the price of cotton had dropped, which mean the crops that were salvageable had much less value than before putting the southern famers economic state even further damaged. The Farmers and some of their workers grew to strongly dislike and distrust the owners and corporations they did business with. The Populist Party had strong ambitions to overcome just gold coinage, but include with that the use of silver. The farmers found it unfair that there was no chance for them to improve their standings, with just the Democratic and Republican parties.
Firstly, The East India Trading Company would buy materials at a low price while selling processed goods at a high price, thus increasing their profit margins. Furthermore, India’s economy and industries before they were colonized were ruined by Britain due to the fact that Britain forced them to import their goods from Britain and not buy their own goods from India. Industries such as the handmade cloth industry, clock-making, metal, and carpentry industries, fell because cloth was made of better quality for cheaper in Britain because of mass production. Another negative effect of British imperialism in India was famine.
They payed with produce such as “hickory nuts, turnip greens, and other goods.” The Great Depression had affected the Cunningham family badly. For example, “Entailment was only a part of Mr. Cunningham’s vexations. The acres not entailed were mortgaged to the hilt, and the little cash he made went to interest. If he held his mouth right, Mr. Cunningham would get a WPA job, but his land would go to ruin if he left it, and he was willing to go hungry to keep his land and vote as he pleased.”
In the economic inequality article, the author talks about how people from poor backgrounds rarely ever turn out to become successful or having a good amount of money. In this quotation from Wuthering Heights, Nelly Dean is talking about how Heathcliff became rich. Just because your parents are a certain way does not mean you will be the exact same way and Heathcliff is a terrific example of this. Many people thought it would be impossible for Heathcliff to become a rich gentleman because he is a different race as well as from a poor background. Heathcliff proved the so called “statistic” about poor people being poor for life wrong.
The ones responsible creating these policies are the ones who want the lower class to suffer to gain money. Peace is granted to the upper class because of the power they have ignoring the poor. The state needs wealthy allies to become powerful and richer which the laws that are created limit the poor having no access to
Welfare dependency was a social problem that start from 1997. After 1997, the CSSA cases are increasing in the few year. In 1998, Leung Kin Pong who is the social welfare department president at that time said “only lazy people would live on CSSA.” This quotations let the people who need to pay for tax and the people who get CSSA feel angry and have some conflict from in the society. Poverty, lower class and unemployment think can’t maintain their life so they need to get CSSA
The core of the program was the land reform. The land reform meant land redistribution to peasants. The government provided peasants with land they had bought from feudal land lords in return of a loan to be paid over a 15 years period and at very low interest rates. This improved the status of the peasantry as it made it possible for peasants to be independent landowners and also abolished feudalism.
This is because smaller businesses were ruined by larger ones. George Rice, who was the owner of a smaller oil company, says in Document H that he was ruined by the Standard Oil Company because the big business was selling oil for lower prices. They could sell it at such low prices because
Because of cheap british good many to all weavers lost their jobs and became impoverished as said in document 3. So yes the british showed they could control an economy very well however they could not control the ruined land and people. Despite the fact Britain created sound laws against killing, economic opportunities and improved the health of most indians they still caused more harm than
“After the Black Death, as the rich saw their wealth disappear and poor laborers and peasant farmers become wealthier, they took measures to stop the trend” (Hardman). King Edward III of England made it illegal for workers to demand wages higher than they had been before the plague which made the peasants revolt (Hardman). The peasants successfully revolted, the manor system ended, and they were able to demand higher wages and their freedom to work where they wanted to. Wealthy peasants could now start to specialize in jobs, which then created the bourgeois or the middle
According to Diamond, archaeological evidence suggests that our transformation from hunter-gatherers to farmers was a disaster whose impact can still be seen today. The transformation brought along unpleasant changes, such as social and sexual inequality, disease, and tyranny. Most people would not believe in this negative view of our transformation from hunter-gatherers to farmers because we are better off than the people of the Middle Ages and cavemen in terms of the availability of food, advanced technology, and longevity. From the progressivist view, hunter-gatherers adopted agriculture because it was a productive way for them to produce more food for less work. The progressivist also believe that agriculture gave us more free time since we don’t have to constantly move around looking for food.