The Great Depression By Milton Freidman And Paul Samuelson

Introduction: Background Information The Great Depression is defined as an era of hardship and was the â€Å"economic downturn in the history of the Western industrialized world† . The United States was predominantly affected by the Great Depression, soon after stock market crash of October 1929. This fiscal crisis sent Wall Street, the center of economics in New York into a state of prolonged recession that affected foreign economies. In the next few years in America, unemployment increased immensely, consumer and investor spending decreased and by 1933, â€Å"the Great Depression had reached its nadir as some 13-15 million Americans were unemployed and nearly half of the country’s banks had collapsed.† Since its occurrence, The Great Depression has sparked debates among economists and perhaps the most accurately represented are from a television debate in 1969. Two economists, Milton Freidman and Paul Samuelson presented their positions on the Depression. Friedman, believed it â€Å"had a single cause: errors in carrying out monetary policy in the United States.† Samuelson argued â€Å"it was the result of a series of historical accidents.† These opinions are quite famous when referring to this topic, but many economists, such as Mr. Charles Kindleberger, believes there are more factors that should be taken into consideration. Part A: Identification of the Thesis The World in Depression 1929-1939 provides further insight on the Great Depression and the fundamental inquiry thatShow MoreRelatedThe Relationship Between Inflation And Unemployment1662 Words   |  7 Pagestends to be high, and when unemployment is high, the inflation rate tends to be low, even to be negative. Two years later, economists Paul Samuelson and Robert Solow, who adhere to the Keynesian school of economics, also published an article, showing the same negative correlation between inflation and unemployment, based on the United States’ economic data (Samuelson and Solow 1960). Additionally, they also gave an explanation of such a relationship by using the aggregate demand and aggregate supply

Sir Gawain And The Green Knight - 1335 Words

Sir Gawain: The Ironic Knight Sir Gawain and the Green Knight is a tale of the utmost irony in which Sir Gawain, the most loyal and courteous of all of King Arthur’s knights, fails utterly to be loyal and courteous to his king, his host, his vows, and his God. In each case, Sir Gawain not only fails to perform well, but performs particularly poorly, especially in the case of his relationship with God. Ultimately, Sir Gawain chooses magic over faith, and by doing so, shows his ironic nature as a character who is praised for being most loyal of the knight of the round table. Sir Gawain is quickly established in the poem as a man with a great sense of honor and devotion to his ideals, which are firmly established on his shield. The shield bears a pentangle, and each of the five points of that shape represent some aspect or ideal of Gawain. The five points represent: his five fingers, the five joyful mysteries, the five wounds of Christ, the five knightly virtues, and the five sen ses (Gawain 640-653). On the interior of his shield is simply a picture of the Blessed Mother of God. The combination of all of these ideals and attributes which Gawain holds dearly illustrate just how noble he perceived himself, and was perceived, to be. However, when the Green Knight approaches the Knights of King Arthur with a challenge to the beheading game, Gawain’s nobility and courteousness are put to the test. Sir Gawain fails this test in many ways, the simplest of which is his failure ofShow MoreRelatedSir Gawain And The Green Knight1359 Words   |  6 PagesIn the poem â€Å"Sir Gawain and The Green Knight,† a protagonist emerges depicting an Arthurian knight named Sir Gawain. Sir Gawain, King Arthur’s nephew, takes initiative by accepting the challenge requested by the Green Knight in place of his uncle. He undergoes a perilous adventure, seeking for the Green Knight to receive the final blow. Although Sir Gawain is not viewed as a hero for his mili tary accomplishments, he is, however, viewed as a heroic figure by the Knights at the Round Table for hisRead MoreSir Gawain And The Green Knight862 Words   |  4 PagesIn Sir Gawain and the Green Knight, by an unknown author referred to as the â€Å"Pearl Poet,† we are introduced to Sir Gawain. Gawain is a knight of the Round Table and he is also the nephew of King Arthur. As a knight, Gawain is expected to possess and abide by many chivalrous facets. Throughout the poem he portrays many of the qualities a knight should possess, such as bravery, courtesy, and honor among others. Because of his ability to possess these virtues even when tempted to stray away from themRead MoreSir Gawain and the Green Knight1100 Words   |  5 PagesThe poem of Sir Gawain and the Green Knight compares a super natural creature to nature. The mystery of the poem is ironic to the anonymous author. The story dates back into the fourteenth century, but no one knows who originally wrote the poe m. This unknown author explains in the poem of Sir Gawain not knowing of the location of the Green Chapel and or who the Green Knight really is. This keeps the reader entertained with the suspicion of not knowing. The author then does not give his name orRead MoreSir Gawain And The Green Knight Essay1687 Words   |  7 PagesSir Gawain and the Green Knight contains ambiguity and irony that make it interesting to read and teach. Gawain’s conflict arose when he accepted the girdle that could protect him and when he lied to his host, severing fellowship with the lord for courtesy with the lady. By utilizing a social reconstructionist philosophy of teaching that emphasizes personal beliefs and ethics, a teacher will help the students establish their identities and learn to appreciate classic literature. Sir Gawain and theRead MoreSir Gawain And The Green Knight1514 Words   |  7 PagesSir Gawain and the Green Knight is an epic poem written in the mid to late fourteenth century by an unknown author. Throughout the tale, Sir Gawain, a Knight at the Round Table in Camelot, is presented with many hardships, the first being a challenge on Christmas by a man in which, â€Å"Everything about him was an elegant green† (161). This â€Å"Green Knight† challenged someone in Camelot to accept his game which they will chop off his head with his axe and the Green Knight will do the same to the playerRead MoreSir Gawain And The Green Knight906 Words   |  4 Pagesusually the latter. In Sir Gawain and the Green Knight we see Sir Bertilak go off to hunt three very specific animals as a game with Sir Gawain. They agree that â€Å"what ever [Bertilak catches] in the wood shall become [Sir Gawain’s], and what ever mishap comes [Sir Gawain’s] way will be given to [Bertilak] in exchange.† (Sir Gawain†¦, ln 1105-1007). In this deal we slowly see Gawain loose his honor as paralleled with Sir Bertilak’s hunt. The first animal that is hunted by the knight is a deer, while thisRead MoreSir Gawain And The Green Knight Essay1521 Words   |  7 PagesFall 16 Donnelly Many years ago, knights were expected to form a certain type of relationship with their king, this relationship was otherwise known as fealty. Fealty is a knight’s sworn loyalty to their king (in other words a loyal relationship should be formed between the two). The use of this relationship is shown in the poem called â€Å"Sir Gawain and the Green Knight† ( the author is unknown). This poem has a classic quest type of formula, with a knight receiving a challenge and then going outRead MoreSir Gawain And The Green Knight1455 Words   |  6 PagesHowever, for Gawain in Sir Gawain and the Green Knight temptation existed around every corner while he was playing the game of the Green Knight. Temptation existed every day and each day it existed in a new way. Gawain never knew what was coming his way throughout the grand scheme of the game, but one thing was for certain he was being tested. Without his reliance religious faith and dedication to his reputation, Gawain wo uld not have been able to make it through the game of the Green Knight alive andRead MoreSir Gawain And The Green Knight Essay1020 Words   |  5 PagesBoth Sir Gawain, from â€Å"Sir Gawain and the Green Knight† translated by Marie Borroff, and Beowulf, from Beowulf translated by Burton Raffel, serve as heroes in different times of Medieval English Literature. Many of the basic principles that describe heroes in Medieval Literature are seen in both of these characters even though they were written in different times. There are distinct similarities, differences, and also a progression of what the hero was in English literature, between Sir Gawain andRead MoreSir Gawain And The Green Knight1152 Words   |  5 PagesIn the medieval poem Sir Gawain and the Green Knight, translated by Brian Stone, the idea of righteousness pervades Sir Gawain’s quest. The poem was first written in Arthurian England, where the knights are expected to follow the code of chivalry, which te lls them how to behave. Sir Gawain, the main character, is no exception, as every decision he makes follows that code of chivalry, save one. He is then punished for that one foolish choice, suggesting that a man must strive to be chivalrous, even

Data Based Question Free Essays

During the eighteenth century in Manchester, life was inhospitable, sullen, and difficult. Bodily and factory waste was strewn upon the streets, children were working In dangerous conditions, and factories overcrowded Manchester. Due to all the toxic fumes and disgusting street waste, people were getting sick. We will write a custom essay sample on Data Based Question or any similar topic only for you Order Now Families had to have their children go to work instead of school because money was hard to come by. Due to the increase in population in Manchester during the eighteenth century, many issues such as environmental health, wealth, and a population boom occurred in the social and political environments. She describes how magnificent things came out of hard, torturous labor. This document shows how awful the industrial revolution was at the time, but how ultimately, great things came out of it. Over time, working conditions improved in the Industrial Revolution. (William Abram, journal article,10) â€Å"The condition of the factory laborers has been vastly improved within the last quarter of a century†¦ Reduced to ten hours a day†¦ Wages-thanks mainly to accelerated machinery and improved working conditions-have largely increased†¦ Sickness and mortality have been reduced to an extent that is almost incredible. † This document shows the different points of views from different journalists. In the previous documents depicted, the Journalists have written about how awful life was in the Industrial Revolution, however this Journalist wrote from a positive point of view; unbiased. This document expresses the idea that positive things eventually emerged from the dark despair of the Industrial Revolution. Due to the Industrial Revolution, a population boom occurred. W. H. Thomas, History of Manchester,l) The first map shows about one sixth of Manchester under development. The second shows Just about all of Manchester covered in areas of development, railroads, and canals. This relates to my thesis by showing how the growth of laboring factories affected Manchester in the eighteenth century. † Manchester, the Workshop of the World†¦ Seat of commerce and manufacture, which it has recently attained and for which it is distinguished beyond any other town in the British Dominions or indeed the world. (Whelan and Co. , document 9) This comment is relevant to my thesis because it states how the â€Å"Workshop of the World† boomed and excelled because of the population and growth of industries in Due to the increase of population in Manchester during the eighteenth century, many reactions such as environmental health, wealth, and a population boom occurred in the social and political environments, but ultimately the industrial revolution lead to many great things for the world that changed history forever. The Industrial Revolution is significant to our history because it lead to many new improvements for the world even though negative things such as poor health, child contemplated the idea of unifying the states. Due to the past wars and issues, the nations of Europe dealt with great conflict among one another regarding communism, trading, and alliance with distant countries. The people and countries of Europe were battered and broken from the war and great caution was taken among them all in fear of more strife and damage. Some nations were in favor of unity and others were opposed to the idea of unifying the nations of Europe. How to cite Data Based Question, Papers

What Cause The Civil War Essay Example For Students

What Cause The Civil War Essay For minorities, as for other Americans, the Civil War was anopportunity to prove their valor and loyalty. Among the first musteredinto the Union Army were a De Kalb regiment of German American clerks, theGaribakdi Guards made up of Italian Americans, a Polish Legion, andhundreds of Irish American youths form Boston and New York. But in Ohioand Washington, D.C., African American volunteers were turned away fromrecruiting stations and told, This is a white mans war. Some citizensquestioned the loyalty of immigrants who lived in crowded city tenementsuntil an Italian American from Brooklyn turned that around. In the NewYork Senate, Democrat Francis Spinola had been a vigorous foe of Republicanpolicies and Lincoln. But now he swore his loyalty with stirring words,This is my flag, which I will follow and defend. This speech gave greatassurance that the masses in the great cities were devoted to the Union andready to enlist for its defense. More than 400,000 European immigrants fought for the Union,including more than 170,00 Germans and more than 150,00 Irish. Many sawtheir services as a proud sacrifice. The first officer to die for theUnion was Captain Constatin Blandowski, one of many immigrants who earlierhad fought for freedom in Europe and then joined Lincolns army. Born inUpper Silesia and trained at Dresden, Germany, he was a veteran ofdemocratic struggles a Polish revolt at Krakow, the Polish Legionsbattles against Austria, and the Hungarian fight for independence. Somenationalities contributed more than their share of Union soldiers. Some immigrants earned the Congressional Medal of Honor. ItalianAmerican officer Louis di Cesnola, was the Colonel of the 4th CavalryRegiment. At Aldie, Virginia, in 1863, he earned the Medal of Honor andwas appointed a general. He charged unarmed at the foe, read his citation,rallied his men until desperately wounded and taken prisoner inaction. In 1879 Cesnola became director of New Yorks Metropolitan Museumof Art. The museum then became, wrote a critic, a monument to his energy,enterprise, and rare executive skill.Italian American privates also won the Medal of Honor. Joseph Sovaof the 8th Cavalry earned it for capturing the Confederate flag atAppomattox. Private Orlando Caruana of the 51st Infantry won it atNewburn, North Carolina. With bullets whizzing past him, he saved woundedmen and rescued the U.S. flag. As 1865 came on, the feel of victory was in the Northern air. Andso the Civil War was over. Yet even the ending of the war did not bringreal peace. On Good Friday, April 14, 11 days after Union troops hadentered Richmond, an actor named John Wilkes Booth assassinated Lincoln asthe President watched a play from his box in Fords Theater, Washington,D.C. The one man who might have brought about a just peace was dead. The Civil War had solved some old problems for the United States. But it created some new problems as well. But many of the problems createdby the Civil War have been solved. Towns have been rebuilt, new industriesflourish, and new schools have been erected. Most of the damage of war hasbeen long repaired. North and South both enjoy prosperity. But many ofthe human problems still remain.