... describe some of the causes and cures for recessions and depressions. In a normal economy, Keynes said, there is a circular flow of money. My spending becomes part of your earnings, and your spending becomes part of my earnings. For various reasons, however, this circular flow can falter. People start hoarding money when times become tough; but times become tougher when everyone starts hoarding money. This breakdown results in a recession. To get the circular flow of money started again, Keynes suggested that the central bank, the Federal Reserve System, should expand the money supply. This would put more money in people's hands (through the multiplier ef ...
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... beginning, to produce soot blowers that would efficiently clean the inside of boiler as it continued working, basically stayed the same up until the addition of competition into the market. At this point, Diamond had to revise its mission to include technological advances to stay ahead of it main competitor, Copes-Vulcan. With the passage of time, production efficiency and technology were not enough. Diamond eventually had to add foreign sales, customer service, and replacement part production to its original plan to keep ahead of the game. By the 1970's, the mission to supply replacement parts and service became one of Diamond's top priorities as it opened par ...
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... members without restriction as long as the goods met the standards as outlined in the treaty. Another goal was to improve working conditions in North America. It was proposed that by increasing trade and a set of standards that working conditions would improve through increased wages and newer safer facilities. Creating an expanded and safe market for exports/imports and services was also a goal and is ongoing even today as more goods and services flow across the borders. Trade rules that were beneficial to all treaty members were established and have 'standardized' the quality of all trade items as well as provided the environmental support to "clean-up" any ...
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... He also set up the Securities Act and the securities Exchange Act that were overdue regulations for the Stock Market. In order to enforce all these new acts, he started the Securities and Exchange Commission. These actions got the banks and the financial system started in the right direction of what would be a slow recovery process. Roosevelt's next objective was to take care of the people. Though Roosevelt was a conservative, he realized the extreme need to help the poor. He had Congress respond promptly, and established the Federal Emergency Relief Administration that gave $500 million in relief to the poor people of the country. Roosevelt then went on to cr ...
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... a business. I totally disagree with Friedman because, simply put, he is wrong. The following are some of the arguments he has put forth: 1. Interacting with the community will help the firm in the long run by attracting desirable employees. 2. Corporate charitable contributions can be deducted for income tax purposes. 3. Corporations are spending the money of their stockholders without their permission. 4. A manager is responsible only to his employers and not the community. All of the above may sound bad, but the intentions behind them are not entirely falsified. It would be selfish of us to assume that a corporation would spend a considerable amount of their ...
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... in a suit had a 77% percent chance of getting money returned to them, while those dressed casually or in working outfits had a 38% chance (Bickman, 1971). This study suggests that a person's status affects how well they are received by the person they are trying to influence, and thus their likelihood of being able to influence them into buying an idea or product. Seating arrangements can affect ones ability to influence others. Seating arrangements that are closer to one another have a greater effect and lead to a less hostile environment than when people are seated opposite of one another (Sommer, 1967). Sommer found that when a relationship is of a compe ...
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... a complicated text and why was it produced. The system of the Exchequer was a complex one that would have been understood by few at the time. By attempting to describe this system in a way that presents it as equitable, it could have convinced the Barons and others paying taxes of the validity and fairness of a system of which they would have had little comprehension. This would also be helped by Richards apparently good grasp of the area. The Exchequer board was the highest office that could be obtained in the royal circle and was the most powerful and prestigious as it presided over all financial matters. It allowed records to be formed and genera ...
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... the open market. This, in turn, reduces bank's reserves and forces the interest rate to rise so the banks can afford to make loans. People seeing these rises in rates will tend to sell their low interest assets, in order to acquire additional money, they tend move toward higher yielding accounts, also further increasing the rate. Soon this small change by the Fed affects all aspects of business, from the price level to interest rates on credit cards. Rises and falls in the interest rate can reflect many changes in an economy. When the economy is in a recession and needs a type of stimulus package, the Fed may attempt to decrease the interest rates to encourage ...
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... to create a global interactive network, which is and will continue to change the way we live and do business forever. This is already creating a paperless environment, we have less need to have printed out resources when we can just store these things on a computer and have almost instant access to them. Gates and his partner, Paul Allen, together they were pioneers in developing the personal computer. In 1975 they together created a version of BASIC for the Altair 8800, the first minicomputer kit. This was the beginning of the now giant, Microsoft. With this new computer technology came information. Information was now quickly becoming the most valuable commo ...
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... Sloth is sinful, but the Puritans also pointed out that it was self-defeating. Leisure is even considered an "evil temptation" (Bedford and Colbourne 235-238). Marge Piercy, a modern day poet, essayist, and novelist, attempts to explain why work is desirable on contemporary terms in her poem "To Be of Use." To Piercy, hard workers who really persevere are admirable because of the fact that the world is full of temptations to stop working, or to not work altogether. This admiration for determination is apparent because work is as "common as mud," and it must be done sometime (Piercy 242-243). Wendell Berry, an English teacher at the University of Kentucky, ...
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