Essays on Amadeo

Analyze and discuss the Bretton Woods Agreement and state what the agreement was for and why it was created. Include any difficulties they faced in getting society to agree with their proposal. Briefly describe the 'gold standard' evolution and collapse. Response: World War II was over. Europe and Asia was in shambles, both in term of governance as well as from an economic standpoint. In order to resurrect Europe from the state that it was in, the Bretton Woods Conference took place in July 1, 1944. Apart from replacing the gold standard with the American dollar, the conference also ...

Essay

Free trade agreements in the Americas are not new. There are a couple that have been around for a while namely the NAFTA between the United States, Canada and Mexico as well as the CAFTA that also includes the United States, Honduras, Nicaragua, Dominican Republic, Costa Rica and Guatemala. Of course, the FTAA, offering a free trade zone between the Americas would have spurred economic growth for both big and small countries alike. These were the reasons why governments were pushing for the FTAA to become a reality so that it would benefit one and all in the form ...

The institutional affiliation

1. A monopoly is defined by many as the domination of one provider of a product or service on the market (Amadeo, 2016). Thus, a monopoly maintains an economy of scale when only one supplier enjoys all the market benefits.

There are a number of positive impacts of monopoly on the national economy (Amadeo, 2016):

Taxes paid by monopoly firms become the major source of the national revenue. • Monopoly eliminates the duplication and the wastage of resources what cause serious issues in many countries. Monopoly uses price discrimination which can strengthen the economically weaker sections of the society. However, there are some opinions criticizing this type of market organization. They identify the following negative ...

Inflation in the United States

Inflation can be defined as that general rate where the pricing levels for both commodities and services rises consequently causing the country’s purchasing power to fall drastically. It is at this point that the duty of central banks comes in as they try limiting the occurrence of inflation for purposes of keeping the economy going smoothly. In fact, this phenomenon can be traced as early as the coming to an end of the Second World War, which essentially marked the commencement of a golden age for the American economy. Basically, the time was marked by a surging productivity, ...

The cause of unemployment is individuals being laid off or fired or they themselves quitting and seeking for an employment. In cases when the individuals are not in search of any job, they are not taken into the category of unemployed by the Bureau of Labor Statistics (U.S. Economy Added 215,000 Jobs In March; Unemployment Rate Rose To 5 Percent). After many years of underpaid jobs, there is an assumption that Americans are finally demanding a raise. When we observe the last month, there was a significant pick up in the level of wages after having observed many ...

Business

Supporters of Trans Pacific Partnership: The Trans Pacific Partnership (TPP) is originally being a concept to create a free trade zone amount the members of the Trans Pacific Partnership Contract. It is a contract between the countries which binds the countries to perform the business in the state and the individual level according to the contract or the principles. At the moment there are twelve active members, including the United States of America, Australia and Malaysia. (Tamny, 2016) The supporters of Trans Pacific Partnership Contracts say that the by signing the contract, one country opens the home market for ...

Preamble

Addressing the trade balance’s nature, it seems worthwhile noting that its indicator reflects the difference between the state’s exports and imports. Talking more scientifically, it is a pecuniary ratio amid the amount of money received for goods and services exported outward a country and the cash paid for imported goods and services. If exports’ money exceeds the currency accepted as exchange for the imported articles, the circumstance stands for external surplus. Otherwise (if market conditions reveal vice versa), the case is generally called as red ink.

Introduction

In 2015, American economists claimed China to become first-string trade and ...

Introduction

According to the International Labor Organization, unemployment is a phenomenon, which happens when the people, who currently don’t have a work are seeking for it (1982). The main indicator of unemployment situation in the country is unemployment rate, which shows the percentage of unemployed people in the total number of labor force (the number of all people of working age). It is calculated by dividing the number of the individuals, who don’t have work at the certain moment of time by all individuals able to work at the same moment of time (The Saylor Foundation). The unemployment ...

Summary

Chesapeake Energy Corporation was incorporated in 1989 and trades at the New York Stock Exchange under the Ticker Symbol (CHK) (Bloomberg). The company operates in the oil and gas industry. The company share price has declined form a 52-week high of $16.98 to a 52-week low of $1.50. As at April 4th, the share closed at $3.86. Over the past 1 year investors have lost 74.46% of their wealth. The share performance is 75.40% lower than the market return (S&P Index). The share price is likely to experience further declines and therefore recommend investors to sell of the company ...

The Patient Protection and Affordable Care Act (PPACA) or the Affordable Care Act (ACA) intends to make patient care more accessible and affordable than ever before (Centers for Medicare and Medicaid Services, 2016). The act passed in the year March 2010 by President Obama has been a breakthrough in the history of healthcare in the United States. The act aims to cover millions of Americans who were uninsured prior to the implementation of the act. The act is designed to reduce the cost of healthcare and improve the healthcare services provided across the States (Health Insurance Resource Center, 2010). ...

Antitrust Law: The Great Northern Railway

Introduction One of the wonders of the free market is that there are no restrictions when it comes to buying and selling products and services. However, this advantage comes at a cost as well. Due to total freedom, people and companies are theoretically free to impose whatever prices they dictate for the goods they sell, without regard to the welfare of their customers. This is exactly what happens in monopolies, wherein only one company holds the control of a certain commodity or service. Monopolies are usually seen as bad because they do not adhere to the laws of supply ...

In case, real GDP is lower than potential GPD expansionary policies are implemented in correcting contraction of business cycle. Expansionary Fiscal policy leads to increases in purchases by government, tax rate decrease and transfer payment increase to overcome contracting business cycle. Expansionary fiscal policy closes gap of recession, stimulates economy and decreases rate of unemployment.

Fiscal policy tools to stimulate economy are:

Government Purchases Expenditures done by government sector for services and final goods come under Government purchases. Government purchases are part of GDP bought by the government. Government purchases include heavy cost expenses like highway construction and aircraft clips carriers to smaller expenses like ...

Classic English Literature

For the longest time, the “American Dream” has always been described in a rather specific manner. The idea is that citizens in America are striving to obtain a way of life that is considered to be the best possible outcome and the closest to perfection there is. A husband and a wife, 2.5 children, a dog, a home and a successful job. This is viewed as the ideal way for a family to live. Yet as the years passed, it became evident that the “American Dream” is different for everyone. With the recent passing by the Supreme Court of Same-Sex marriage, that ideal is drastically different. ...

Introduction

Pablo Picasso, born in Spain in 1881 learnt his art at the Barcelona school of fine arts at a tender age of 14. His father was a master in the art of drawing and because of this he received early recognition. His painting styles throughout his career were always changing characterized by different shades of colors. He went from shades of blue to shades of pink. Picasso passed on after a prostate operation in 1973. On the other hand, Amadeo Modigliani was born in 1884 in a Jewish family and got his education in Venice and Florence. He studied the works of Botticelli. ...

A Comprehensive overview

[Author Name]

Financial Crisis

Introduction It’s of imperative importance to understand the link between financial system and the economy. According to various economists, it is gauged that there are two primary function of finance. As mentioned in The Economist, it essentially performs as an economic time machine, serving savers to haulage their present surplus income into the future, and on the other hand offering borrowers access to future earnings now. Finance also serves as a safety net, protecting against catastrophic unforeseen events. Hence, by performing these two acts, an efficiently running financial system ensures against the bumps in life, providing ...

Article Review: The Causes of Cerebral Desaturation in

Article Review: The Causes of Cerebral Desaturation in The study by Brinkman, Amadeo, Funk, and Grocott (2013) investigated cerebral desaturation, which frequently occurs in one-lung ventilation procedures for thoracic surgery and is possibly caused by lower cardiac output. The aim of the study was to explore the correlation between decreases in cerebral oxygen saturation that occurs in patients undergoing one-lung ventilation and decreased cardiac output. Although cerebral oxygen saturation was lowered in all of the participants, the researchers did not have statistically significant data that could be used to establish a correlation between cerebral desaturation and cardiac output, so ...

Drowning in Debt: How Does the U.S. Solve its Debt Crisis?

Scott Walterhoefer Abstract Can the United States solve its debt crisis? That is the daunting question that currently confronts our nation and the manner in which the “powers that be” attempt to deal with this problem will dictate the political and economic landscape for the foreseeable future. The sheer size of this debt (roughly $16 trillion) is so massive and seemingly out of control that it is nearly impossible to fathom. This paper will examine this debt and the factors that caused its exponential rise over ...

Question 1 - What is a sub-prime mortgage?

The consumer financial protection bureau defines sub prime mortgage as “A subprime mortgage is generally a loan that is meant to be offered to prospective borrowers with impaired credit records.” A subprime mortgage is a kind of mortgage granted to borrowers with impaired or zero credit history. A prime or conventional mortgage is not offered to such borrowers as they have greater risk of defaulting. These loans are also called interest only loans and do not require any principle payments for initial few years, number of which is settled among the borrower and lender The interest charged on such ...

Introduction

The Great Depression Before the Great Depression occurred, US faced an economic boom in 1920s and then there was a depression period (Iranj, 2012). In Great Depression, many companies went bankrupt. Unemployment rate was 25% in Great Depression as well and today there are a lot of states in America that are facing the problem of unemployment (David, 2011). One of the main factors the current economic crises and the Great Depression is the risky investments. Same was the case in 2008. Europe and UK also faced the similar problems. People are still in a sense of déjà-vu as ...

Assume you are the President of the United States. Employ the strategic thinking process to develop the best strategy for the United States to avoid the fiscal cliff and to put the United States economy back on track. Reference the classical strategic thinkers (Sun Tzu, Causewitz etc.) in your analysis.

Current Situation

As President Obama, one cannot help but think in terms of both defensive and offensive stances in order to salvage the country from its huge, national debts. The US congressional gridlock and the highest debt level and debt ceilings all cause a major uncertainty in the fiscal management of the ...

Introduction: History of the National Debt

A debt crisis is a national problem of countries with regards to their ability to repay borrowed funds. It deals with national economies, national finances or budget and international loans. The meaning of a "debt crisis" has changed over time. The main definition comes from the main financial institutions such as Standard and Poor's or the International Monetary Fund (IMF). Basically, a debt crisis is defined as an occurrence where a national government cannot pay its debts and it the process, asks some assistance (Zuckerman, 2011).

The US national debt represents an "existential threat" to its federal finances. It evidences the country’s ...

Introduction

Macroeconomics is a branch of economics that studies the performance of an economy, in aggregate terms. It helps in assessing the health of an economy and its prospects in future based upon analysis of important macroeconomic indicators. The paper attempts to understand the current macroeconomic situation of the United States using aggregate economic indicators and implications for monetary and fiscal policies. The paper is divided into three sections. The first section discusses the current macroeconomic situation of the nation using key macroeconomic indicators. The second section delves into the implications of the current macroeconomic situation on monetary and fiscal policy ...

Introduction

Japan is one of the biggest world economies like the United States, China, and Great Britain. It is actually the 60th largest country in the world (McCargo, p. 8). It has a total area of 377,835 km2. (p. 8). Japan is an Asian country that counts China, North Korea, South Korea, and Russia as its closest neighbors. It is an archipelago which is composed of 6,852 islands (McCargo, p. 8). Its four major and largest islands are Honshu, Hokkaido, Kyushu and Shikoku. All these consist about 97% of its total land area. Its total population as of 2010 ...

Political environment that led to Economic concerns, at first, during October 2008 was aimed at bailing out securities, which was under the tremendous repercussions of defaulting and was mortgaged backed.

Five descriptive features of bailout and stimulus bills during October 2008 to February 2009 in the USA.

The necessity of the bills for bailing out and stimulus

A record $140 billion was being withdrawn from the money market accounts. Usually money market is considered as the safest place for investments. At that time investors were shifting their funds towards US Treasuries, as a back drop, the yields were coming down to zero. On the other side, the panic was triggered ...

A major economic depression that engulfed the world during early thirties of the twentieth century is commonly referred to as ‘The Great Depression’. Wikipedia defines depression as a sustained decline in the economic activities of one or more economies. The general characteristics of a depression are substantial increase in unemployment rates; credit crunch, mostly due to impact of depression on the banking system; and increased volatility in currency’s relative value. It also has a deep and devastating impact on the financial system of a country. Depression is an extreme form of long term downturn. Sometimes, it is also described as recession of a ...