Prior to the Great Depression policy makers in the United States generally tended to accept that business cycles happened and in accord with Adam Smith's "invisible hand," tended to be self-correcting. The stock market crash of 1929, and the more general problem of massive unemployment forced a reconsideration. Smiley (2008) and Bernstein (2016) both point out that the human face of the Depression left no choice but for some government intervention. Jahan and Papageorgiou (2014), discussing Keynesian Economics put it plainly: “The central tenet of this school of thought is that government intervention can stabilize the economy.” The centerpiece ...
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On October 9, 2012 two Taliban gunmen boarded the school bus that Malala Yousafzai was on. After asking which of the students was Malala, they proceeded to fire three shots at her. One of the bullets hit the side of her forehead and traveled along the length of her face before going through her shoulder (Schifrin, 2013). Since the attack Malala Yousafzai has become a prominent international advocate for educational equality for men and women. This paper will look at her life and her impact on the world. The reason for the Taliban attack on Malala was a blog ...
Figure 1: Vehicle assembly plant (Source: Library of Congress, 1923)
Identification of the photograph
The photo selected shows a vehicle assembly plant. It is a digital image retrieved from the Library of Congress image gallery created on May 7, 1923. The photograph acts as a good representation of the impact of the industrial revolution to the Americans. The selection of the photo was based on its importance in revealing the readiness of the American people to practice innovations and promote growth in the process of industrialization. The United States ranks the top position regarding industrialization because of the ability of the country to ...
Spanish colonization in the Americas ended with the defeat of Spain in the Spanish-American War (1898). After sensationalist newspapers publicized the horrendous methods Spain used to stop the struggle for independence in Cuba, the American public felt sympathetic and public opinion inclined towards American intervention (“Grover Cleveland: American Interests In The Cuban Revolution”). The United States public sympathized with the Cuban rebels. The Treaty of Paris was signed Dec. 10, 1898, and Spain relinquished its hold on Cuba. US’s involvement in global affairs heightened during the cold war. The cold war was a period of rivalry between the ...