Why do we continue to destroy our world

Why do we continue to destroy our world? Everyday we take more and more natural resources. A Dutch study found that twenty percent of our cartrips are a mile or less. A Dutch researcher by the name of Linda Steg, Ph.D., reported that the Netherlands are now using twenty five percent more energy than they did fourteen years ago. This all says that we are not conscious of how fast we are damaging the delicate balance we have with Mother Nature. Why do we humans continue to be the only species that destroys and uses our planet and also drains and kills it (Gifford)? One of our most precious resources, our water, becomes more polluted everyday. The Great Lakes, home to one-fifth of the worlds surface fresh water, is so polluted that lake trout can not even reproduce in them. Both Canada and some states rely on the Great Lakes for food. Now some scientists do not even cow what species of bacteria or parasites that they are finding in some fish. This is because international ships come in and bring nonindigenous bacteria and parasites, which have no natural predators, thus upsetting the delicate balance we have with our ecosystem. It is believed that the declining coastal shorelines and wetlands. Many of our water systems have also received pollutants in them form the runoff of herbicides and pesticides, known as agricultural runoff. This agricultural runoff is responsible for around fifty to seventy percent of our surface water pollution( Magnuson). We have polluted our world for centuries. In the nineteenth century they had soda ash factories. Soda ash is an extremely alkali product. You can only imagine what was cone with the ash that they could not use. Then come the twentieth century when we have just about covered around the world with waste: from the Alaskan oil spill to testing nuclear weapons (on small islands, in the desert, under water, and in the

How to Write the Perfect Administrative Assistant Resume

How to Write the Perfect Administrative Assistant Resume Let’s face it: administrative assistants are often the unsung heroes of any office. They’re the front lines in the war against chaos and misplaced information. It’s a career path that can lead you anywhere because the skills you pick up and build along the way are so universal and adaptables)How to Write a Perfect Occupational Therapist ResumeHow to Write a Perfect Physician Assistant Resume (Examples Included)How to Write a Perfect Receptionist Resume (Examples Included)How to Create a Perfect Retail ResumeHow to Write a Perfect Sales Associate Resume (Examples Included)How to Write a Perfect Social Worker Resume (Examples Included)How to Write a Perfect Truck Driver Resume (With Examples)

Spration of power Essay Example | Topics and Well Written Essays - 1000 words

Spration of power - Essay Example Congress investigations are not limited to oversight of the judiciary or executive, but other matters of national interest that require future legislation. Some of the matters that Congress has investigated include the activities of Ku Klux Klan, Interstate commerce, Vietnam War, organized crime and Wall Street banking practices (Hames and Ekern 101). Congress investigated President Nixon conduct in Watergate scandal that led to resignation of the President. Generally, the power of Congress to investigate and obtain information is broad and Supreme Court has affirmed that such power is essential to the legislative function. The Congress investigations powers were confirmed in the case of McGrain v Daugherty that arose from Harding Administration scandals. The Senate Committee investigated the failure of the Attorney General to prosecute violations of federal law. Mally S. Daugherty, the Attorney General did not honor Congress summons and applied to US District Court in Ohio for writ of habeas corpus. The District Court restrained the Senate from arresting Daugherty, but the Supreme Court reversed the opinion by outlining that that Congress had power to compel testimony that could be used for legislative purposes (Rosenberg 3). The Supreme Court held that a ‘legislative body cannot legislate wisely or effectively in the absence of information respecting the conditions which the legislation will affect or change’. In the case of Watkins v United States, the court held that the power of inquiry was broad and inherent in the legislative process thus encompasses inquiries related to administrat ion of current statutes and proposed or needed statutes (Rosenberg 3). The Courts also extended the investigative powers from wrongdoing to include corruption, wastage, inefficiency in Federal Government departments thus allowing Congress to inquire and publicize corruption and other malpractices in government agencies (Rosenberg 3). Congress has investigated violations

Critically discuss the view that capital markets created the Essay

Critically discuss the view that capital markets created the conditions that led to the new economy bubble and the banking crisis - Essay Example While the bailouts were seen to greatly help in preventing the financial depression from spiraling out of hand, the economic recovery is seen to be quite feeble as compared to the other previous post-war upturns. By using different concepts and theories, this paper will show how the capital markets were responsible for creating both the conditions that led to the â€Å"new economy† bubble and the banking crisis. A record is seen to have been set by the Dow Jones when it closed at 14,047 on October 9, 2007, however, just one year later, the Dow Jones was seen to be just above 8,000, after it happened to drop by a staggering 21% in the first nine day of October 2008. Across the world, most major stock companies had also experienced huge plunges alongside the Dow Jones. Numerous companies began to start laying off their workers in droves as they were force to put off any capital investments that they might have had. Credit markets became nearly paralyzed as individual consumers in the United States were systematically denied loans for college tuition and mortgages. The effects of this crisis are still being felt in most rich countries and especially so in those located in Europe, where the financial crisis eventually evolved into the euro crisis. The 2007-09 global financial crisis is viewed to have been a very powerful reminder of the fact that crises can often have a multifaceted nature. The recent global financial crisis is perceived to have been triggered as a result of a combination of various complex factors that included relatively easy credit conditions seen in the period ranging between 2002 through to 2008. These conditions are seen to have encouraged a large number of high risk borrowing and lending practices without the capital markets first assessing factors such as international trade imbalances, default risk, government revenues and expenses fiscal policies and real-estate bubbles among other factors. New

To what extent is Frankenstein Essay Example for Free

To what extent is Frankenstein Essay The monster is indirectly referred to as Satan as they are both related to evil and death; however by performing galvanism, Frankenstein is compared to god due to creating life. God and Satan is the perfect example of good versus evil, making the monster and Frankenstein equally good and evil. Mary Shelley uses emotive language throughout the novel; she chose adjectives and adverbs to intensify the characters feelings. In numerous occasions, Frankenstein says Alas! making certain things seem more dramatic, He also uses exaggerated phrases such as ardently desired and frantic impulse. Frankenstein cannot always express his feelings verbally but Mary Shelley finds a clever way of fitting it in through a dream, in which he thought he saw Elizabeth and so he embraced her and kissed her on the lips. Shelley reintroduces the gothic atmosphere writing but as I imprinted the first kiss on her lips, they became livid with the hue of death. This element is quite disturbing as Elizabeth changes into his mothers corpse. There are several instances of life and death occurring during the novel. The first is when the monster is brought to life. The characters that die, or are killed during the film are Frankenstein, William, Clerval, Elizabeth, Justine and Frankensteins parents. At the end of the novel we are left to presume that the monster is died as he is left standing, surrounded by fire in the middle of the water. An example of gothic literature is I wandered like an evil spirit shows that it is almost like Frankenstein is living death. Heaven and hell are obliquely referred to during the novel; there are references to Genesis which ties into the theory of God and Satan, mentioned previously. The monster, not only compared with Satan but Shelley also made a contrast between the monster and Adam from the Genesis as he was the first man created by Frankenstein (the monsters god). One major setting is the sublime surroundings of the Alps. This could have been influenced by Shelleys husband as he was a romantic poet and as most poets of this category inured to write about beautiful scenery rather than actual love stories. In the late 18th century, Gothicism was a segment of the Romantic Movement and although Frankenstein is presumed primarily Gothic, it has significant links with the Romantic Movement. These poets also wrote about the idealisation of nature, which was experienced by Robert Walton, who was isolated to an extent because he was situated in the middle of the Alps where anything could happen. Shelley very cleverly used the pathetic fallacy in many scenes; for example when the monster comes to life, the weather is typically stormy, dull and dreary and when Frankenstein is anxious and scared, there is another bad storm. This is another typically gothic thing to find in and Shelley has used it to her advantage. There are various points in the novel which build up suspense for the reader. Storms typically represent quite a ghastly, daunting and gothic atmosphere which Shelley has introduced storms to create a sense of foreboding and chaos; for example when Frankenstein is at Williams grave and evidently when the monster is brought to life. The monster threatens Frankenstein that he will be at his wedding, It is well. I go; but remember, I shall be with you on your wedding-night, this echoes in the readers mind as they feel scared as Shelley has portrayed a sense of mystery and it shows the build up of suspense. There is no closure at the end of the story, He was soon borne away by the waves and lost in distance and darkness, which is a typically gothic ending as it ends in darkness with a cliff-hanger leaving the reader to fear the monsters return. Frankenstein is clearly typical of gothic literature due to the isolation of the characters, the differences between life and death, the emotive language, the weather and the setting as well as the general gothic, frightening atmosphere. Throughout the novel, Frankenstein, Mary Shelley was exploring her own background by using some of her mothers ideas as well as the style of her fathers novels. She created a typically gothic atmosphere which helps the reader to experience the depth of the story. In my opinion, Frankenstein creates a gothic genre which illustrates the importance of life and death as well as teaching the reader to take responsibility in their actions and to not leave anyone in isolation. Show preview only The above preview is unformatted text This student written piece of work is one of many that can be found in our GCSE Mary Shelley section.

Why Did Adolf Pick The Jews? :: essays research papers

Why Did Adolf Pick The Jews? ----------------------------------------------------------------------------------------------------------------------------------------------- People sometimes ask why the Jews were the people to get harmed during the Holocaust or why Holocaust even happened. Jews were the targets of Holocaust because Adolf Hitler hated Jews and blamed them for all of the problems in the world. He mainly blamed them for Germany's loss in World War I. Hitler told the German that they could have won the war, if the Germany had not been "stabbed in the back" by the Jews. While Hitler's hate was the main reason for Holocaust, we are not sure why it was allowed to go on to the death of most the Jews and the others that Hitler hated. Hitler was helped in his planning of Holocaust by the fact that discrimination against Jews was acceptable in Germany and few spoke out against it, but that is not a complete answer. We must look instead to the fact that the Nazi general beliefs permeated all things of life in Nazi Germany until there was no one left to protest against Holocaust. At the Nuremberg Trial, where the surviving leaders of the Nazi group were tried for their crimes, two of the witnesses were asked whether Holocaust was an inevitable result of Nazi general beliefs. Otto Ohlendorf, an SS officer who commanded a group which murdered the Jews, thought that Holocaust was not a necessary result of Nazi general beliefs. A few days later Erich von dem Bach-Zelewski, a general in the SS who had fought in the invasion of the Soviet Union, did not agree. He said, "If for years, for decades, a doctrine is preached to the effect that the Slav race is an inferior race, that the Jews are not even human beings, then an explosion of this sort is inevitable.

Person I Admire

I could say there was one person that I admire the most, but truth us there are more than one. One person that comes to mind the most beleive it or not is Angelina Jolie. A celebirty is a funny one to admire†¦ But what i admire of her is the dedication that she has to the causes that are true to her. Now that can mean anything and some people might say that she is just another celebirty in search of recognition. But what I see is someone that has used her celebirty for the betterment of others in ways that are more than superficial.Unlike Madonna and others she has worked hard and has spent days at a time if not weeks in places like afganistan and Leone for her cause. She has given without condition and as a result of it has given a home to children that otherwise would not have another chance. So I admire her as a true humanitarian. If fame follows her it is truely because we cannot get enough of her and not because she invites it. But the one person that I admire the most my g randmother.She was a great woman and one that held on in times of turmoil, she taught me to be strong and if I have to cry go ahead. But to keep focused and when I was done feeling sorry for myself get to work on fixing the problem and not dwelling on it. She taught me that no one said life was fair so quit acting like some one said it was and then took it away. Be a woman, and being a woman is expecting respect as well as demanding it. Funny thing, she always said a man's world is always easier than a womans. So if all you have to do is get through a mans world you are home free!!

“Death of Socrates” by Jacques-Louis David Essay

Behind every great piece of artwork lies a story. Each story told by art is defined by the era in which it was created. For one to truly comprehend what message an artwork conveys, one must be familiar with the historical context from which it was taken. One great example would be â€Å"Death of Socrates† by Jacques-Louis David. The meaning of the painting can only be derived from an understanding of the 18th century, an era where the Enlightenment occurred and Neoclassicism flourished. The painting â€Å"Death of Socrates† was created during the 18th century. Despite this, the artwork depicted personalities from ancient philosophy. One would be prompted to ask, â€Å"Why did the artist choose to paint figures from antiquity in an 18th century art piece? The answer lies in the historical period in which the artist was included. In 18th century, Europe was immersed in an era known as the Age of Reason or Enlightenment. During this time, reason prevailed in all aspects of human life. The dominance of reason altered the political and social landscape, as people began to challenge traditional institutions and beliefs. The Enlightenment was very influential in France, which is why it is no surprise that Jacques-Louis David had applied Enlightenment ideals in his paintings. It must be noted that the late 18th century was also known for the â€Å"renewed interest in classical antiquity† (Gardner, Kleiner and Mamiya 646). The revival of Greek and Roman culture was most apparent in Neoclassicism, a movement which borrowed the basic elements of classical art. Neoclassicism became evident in architecture, painting and sculpture; all these disciplines integrated the styles and themes of the ancient world. David was part of the Neoclassicist movement and became one of its most prominent painters. This was the reason he chose Socrates as his subject. Hence, David’s style and technique as an artist was shaped by the Enlightenment and Neoclassicism. The painting describes the last moments of Socrates (â€Å"Jacques-Louis David†). The philosopher is seated upright on a bed in the middle of the painting, surrounded by his companions. His left hand points in an upward direction, which is an indication of the ancient Greek belief in the transmigration of souls. According to this belief, the soul lives forever. This is the reason why Socrates is seemingly unconcerned with his impending demise and had freely accepted his fate. Meanwhile, his right hand reaches for the hemlock. The hemlock was placed in the middle because death is the central theme of the painting. One would wonder why David chose to depict Socrates with the physique of a young man when the philosopher was in his 70s. It must be noted that â€Å"Death of Socrates† is a Neoclassical piece, which means that David followed the style of ancient Greek art. Ancient Greek art is known for its ideal, perfect depiction of human beings. Compared to Socrates, the people who surrounded Socrates display a completely different attitude. The companions of Socrates are depicted as figures overwhelmed with anguish due to the philosopher’s impending death. The people on the right side of the painting are obviously distressed by death. They are depicted as excessively emotional, which rendered them remarkably distinct from Socrates. Only three figures in the painting seemed more in control of their emotions. The wife of Socrates, who is found in the left side of the painting, is leaving the prison with an indifferent facial expression. Crito is seated on a stool on the foot of Socrates’ bed, with his head down. Meanwhile, Plato has a firm grip on the leg of Socrates. Such action implies that Plato did not want his master to surrender to death. In this painting, the philosopher’s attitude and way of thinking becomes apparent due to the different reactions towards death as shown by the figures. While others mourn his last living moments, Socrates’ remain indifferent and unaffected. He accepts his death while keeping his beliefs intact. The philosopher has a more accepting perspective of death; instead of fearing death, he embraces it. David meant for the painting to be a reaction towards the political situation of France during that time. As a part of the French Enlightenment, he and his friends demanded change in the leadership of the monarchy. The painting was made prior to the French Revolution and the painter wanted his work to serve as an inspiration to those who would be involved. He sought to tell the French people about their duty to the nation. He wanted to convey the message that they must sacrifice for the good of the people and fight against unfair leadership. This was the reason why he chose Socrates as his subject. The Enlightenment called for freedom of thought. The era was about the transformation of society towards the truth. Socrates was a man who defended freedom of thought. However, he was killed by the Athenian government who wanted to diminish the doubt that his beliefs aroused. The death of Socrates was the death of truth. Through the painting, David criticized the French monarchy for suppressing the truth. Like Socrates who chose to defy the government and stay true to his beliefs, David wanted the French people to fight against unjust leadership and defend freedom of thought. The play of light and darkness in â€Å"Death of Socrates† helped showcase the message David wanted to express. For instance, the brightest part of the painting is in the middle, where Socrates was situated. Meanwhile, the darkest areas of the painting are on the sides. In the left side, there is the dark hallway as well as the staircase through which the wife of Socrates leaves the scene. The upper right hand side of the painting, the area which is found above the mourning people, is also rather dark. There is a reason behind such distribution in the painting. David envisioned Socrates to be a role model; the latter proved to be formidable figure that was not swayed by the coming of death. He was a man who willingly gave up his life and refuses to deny his ideals. This was the reason why the light was fixed upon him. Those who are situated the dark areas are the people David wanted to change. The darkness touches upon the weeping companions of Socrates, those people who surrender to grief when confronted with death. The wife of Socrates is depicted as fleeing from the scene, as if she cannot bear to deal with the philosopher’s demise. David wanted virtue and sacrifice from the people who are confronted with a revolution and those in the dark areas in the painting represent those who lack these notions. The movement of the figures is also instrumental in demonstrating the meaning of the painting. The viewer can clearly see the contrast between the stance of the philosopher and the stance of the people around him. On one hand, Socrates is in a straight sitting position; the painting makes him appear full of life and energy. It is also evident that he possesses self-control at that moment. On the other hand, the figures who surround him reveal lifeless body language. The philosopher’s companions are shown to be stooping, with their heads dropped. The posture of the figures alone highlights the difference between Socrates and his companions. The difference in posture contributes to the meaning of the painting because it asserts the position of Socrates as the one to emulate in the time of the French Revolution. David wanted the French people to be like Socrates, a man who stood by what he believed in and was not afraid of the consequences. All artworks have a story to share. The story behind an artwork can be best understood when one is familiar with the historical era from which it was made. In the case of â€Å"Death of Socrates† by Jacques-Louis David, one must know about the Enlightenment and Neoclassicism in the 18th century to know what the artist wanted to convey. David was an artist who was strongly influenced by the Enlightenment and Neoclassicism, so the only way to truly understand his work is to look through history. Works Cited Gardner, Helen, Fred S. Kleiner and Christin J. Mamiya. Gardner’s Art Through the Ages: The Western Perspective. Florence, Kentucky: Cengage Learning, 2005. â€Å"Jacques-Louis David: The Death of Socrates. † Boston College Web Site. 27 Nov. 2006. 31 March 2009 .

The Great Depression crisis

The Great Depression crisis Introduction The year 1929 to 1939 marked the period when the western world was almost brought on its knees. Never in the history of civilization had the Western world experienced such a severe and prolonged period of depression. Advertising We will write a custom research paper sample on The Great Depression crisis specifically for you for only $16.05 $11/page Learn More The depression effects spread from United States to the rest of the world. Generally, there were spiraling rates of unemployment, reduced output and high levels of deflation across the globe. The economic and cultural crisis occurring as a result of the depression almost paralleled what was experienced during the Civil War. Economic History The effects of depression were felt at different times in different parts of the world. Europe and the United States were most affected. On the other hand, countries like Japan and those in Latin America were the least affected. The depression was trigg ered by several factors such as inappropriate economic policies in United States that led to a decline of output, a fall in consumer demand and widespread financial panic (Duiker, 2007). The downturn was transferred to other parts of the world more conveniently due to the gold standard that was used by all countries to facilitate exchange of currency. In retrospect, the great depression was brought to an end when the countries unanimously agreed to do away with the gold standard. Instead, a consensus of expanding the monetary policy was reached to reduce the likelihood of such an occurrence. New economic theories were adapted, new global economic institutions built and new microeconomic policies enacted and implemented (Romer, 1992). The economic downturn began in the summer of 1929. The great depression was to wreck havoc from this period up to early 1933. Prices and output fell sharply. The United States experienced a 47% decline in industrial production and its GDP fell by 30%. Deflation which is the measure of a fall in wholesale price index had fallen by 33%. Unemployment is said to have gone up by 20% according to statistical reports (Keylor, 2001). A person can understand best the severity of this depression when the foregoing statistical results are compared to the recession occurring from 1981 to 1982 in the United States. In between this period, GDP plummeted by 2%, unemployment had gone up by 10% and the prices increased dramatically though they suddenly started declining. The condition of gradual decline in prices after previously rising sharply is called disinflation.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More A country like Great Britain had to endure prolonged periods of depression especially during the 20’s after having decided to revert to gold standard system with an overvalued currency (Crossley et al., 2009). However , the situation was less serious in Britain compared to United States if statistical evidence is anything to go by. Statistics indicate that decline in industrial production in UK was a third that of the US. Though the effects of great depression were slightly felt in France, this country had difficulties recovering from slowed economic growth in 1932. This led to a substantial decline in prices and production from 1933 all the way to 1936. Some countries in the Latin America were not spared from the effects of the great depression which occurred much earlier in comparison to United States i.e. in 1928 and 1929. Argentina and Brazil were least affected. In Japan, the downturn occurred a little bit late i.e. in early 1930 and was not severe in comparison to United States and other parts of the globe. In every country that was affected, deflation of prices became similar to what was being experienced in United States. Wholesale prices plummeted by a margin of 30% in all developed co untries from 1929 to 1933. The reason why Japan was least affected was due to the flexibility of its price structure. This is what led to the occurrence of a rapid deflation from 1930 to 1931. It was this occurrence that prevented production in Japan from remaining low for a long period of time. Much of the prices of primary products such as cotton, rubber and others were sliced by half from 1929 to 1930(Keylor, 2001). This led to a decline in terms of trade for anyone who dealt with products of such nature. Things began looking brighter in the mid 1930’s. Output had begun rebounding and in the spring of 1933, recovery began to be experienced everywhere. In between 1933 and 1937, United Sates GDP is recorded to have grown at a steady rate of 9% annually. However, things worsened in between 1937 and 1938 but this condition did not last for long since it was replaced by a period of increased prosperity at the end of 1938. The increase in output had stabilized by the end of 19 42. The economy of Great Britain began improving a couple of years later after abandoning the gold standard in late 1931(Keylor, 2001). The same applied for most economies in Latin American which attained full recovery at the beginning of 1932. Advertising We will write a custom research paper sample on The Great Depression crisis specifically for you for only $16.05 $11/page Learn More In the fall of the same year, the economy of Japan and Germany had begun rebounding. Most European countries and Canada had their recovery go hand in hand with that of the United States that began in early 1933 (Crossley et al., 2009). Some developed countries and France in particular took longer to recover. This is because this country experienced depression much later and recovery began taking place at the fall of 1938. Principle Causes of the Great Depression The great depression was triggered primarily by a reduction in spending or aggregate demand. This forced manufactu rers to shrink production after speculating a possible rise in inventories. Other causes that led to a reduction in aggregate demand followed throughout the depression period and the effects were transmitted from the United States which was in essence the ‘epicenter’ of the depression to the rest of the world courtesy of the gold standard system. Other countries had unique factors that contributed to the escalation of depression. The Crash of the Stock Market Too much speculation in the stock market led the United States government to act by tightening its monetary policy. This move sparked a decline in output immediately after it was enacted in 1929. The economy was performing fairly well prior to the tightening of the monetary policy. Mild recessions occurring in between 1924 and 1927 notwithstanding, the wholesale prices of goods continued to be stable for a whole decade. However, there were excesses in the stock market in that the prices of stocks were four times more at the end of the decade. In other words the stock prices were rising at an astronomical rate up from a low in 1921 and onto the peak that was reached by the close of 1929 (Findly Rothney, 2006). The Federal Reserve wanted to contain the spiraling stock prices and the stakeholders thought the best way to reach this end was to tighten monetary policy. This was in form of raising interest rates to a level that would make speculation to be difficult. The result was that sectors that were sensitive to interest rates drastically reduced their spending (borrowing). These sectors included real estate, automobile and construction industry. This led to a decline in production. According to Crossley et al., (2009) a boom in housing construction may have also led to excessive supply of housing that consequently led to a decline in construction by the close of 1929.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The foregoing events made it almost impossible to gauge stock prices against anticipations of future earnings. Thus, when a minor event triggered a gradual reduction of prices by the fall of 1929, investors were no longer willing to take any risk. This happened in October 1929 and the stock market bubble finally burst due to pressure exerted by the monetary policy. Investors due to panic began selling their stock at very low prices. This was sad mainly because most of the stock traded was bought using loans. The decline in stock prices was made worse by the fact that most investors were forced to liquidate their holdings (Findly Rothney, 2006). On what is commonly called black Thursday on October 24, 1929, the prices had fallen by a record margin of 33% on the Cowles Index. The magnitude of the decline was so huge that the event taking place on this particular day was given the name of the Great 1929 Crash (Duiker, 2007). American consumers were no longer capable of investing and in buying durable goods. The combined lack of spending by firms and individuals led to a sharp decline of output. Indeed, it was the great crash and the great depression combined with reduction of stock prices that led to unprecedented increase in unemployment and reduced output during this period (Keylor, 2001). The Run on the Bank and Monetary Policy By the close of 1930, great fear fell on all investors holding their money with the banks across the United States. The depositors due to widespread fear demanded their investments with the bank in the form of cash. Banks normally hold a small fraction of deposits in form of cash. Thus, when faced with a situation where all depositors want their money immediately, banks are left with no choice but to initiate a process of quick liquidation of loans. This kind of action is very harmful in that even the strongest of the banks can end up closing. There was a run on many banks across the United States from 1930 to 1932. The situation w as so severe that President Roosevelt decided to close all banks on the 6th of March 1933 (Adas, 2006). A bank would only be allowed to open after a rigorous process of vetting to ascertain its solvency. By the end of 1933, a third of the Banks in the United States had their doors closed permanently, never to open again. The United States Federal Reserve failed to act promptly in order to contain the run on the bank. Consequently, people held more money than what they had as bank deposits. This led to a 33% shortage of money supply in US from 1929 to 1933. The situation was aggravated by the Federal Reserves decision to contract money supply. Moreover, the Federal Reserve also raised interest rates thereby forcing most European countries including Britain to abandon the gold standard for the fear that the Dollar would as well be devalued. This led to a further reduction of money supply which in turn led to reduced output. The Gold Standard According to Adas (2006) the motive behind the contraction of money supply by the Federal Reserve was to try and preserve the gold standard system. This standard allowed individual countries to back their money in terms of gold. Under the system, an increase in demand of US products especially of stocks and bonds by foreign countries led to increased inflows of gold into the United States and vice versa. The contraction meant that there would be large amounts of gold flowing from foreign countries and into the US. This is true because Americans found it difficult to purchase foreign goods and the deflation experienced throughout the country provided foreigners with an opportunity to purchase US goods. Foreign countries reacted by raising their interest rates to counter possible US trade surplus and minimize the chances of weakening foreign currencies against the dollar. Thus, every other country that was privy to the gold standard systems was forced to reduce its money supply. Recovery To contain the ill effects of the gr eat depression, governments across the globe were forced to devalue their currencies and expand their monetary policies. Countries that were quick to devalue their currencies and quick to abandon the gold standard recovered relatively fast. Devaluation allowed countries to increase their money supplies with little regard to effects due to the exchange rates and the gold standard (Romer, 1992). However, recovery as a result of this action was quite slow in comparison to abandonment of the gold standard. The Federal Reserve relaxed its monetary policy by increasing money supply between the periods of 1933 to 1937 by a margin of 42% (Findly Rothney, 2006). This was possible because so much gold had found its way into the United States especially due to widespread instability that rocked Europe and that eventually led to the start of the Second World War. Similarly, other governments across the globe followed suit and increased their money supply. This was made possible by lowering i nterest rates to encourage borrowing and investments so as to stimulate the economy by increasing output. Countries like Japan and Germany used Fiscal policies to stimulate economic recovery. However, this did not work well with the United Sates. Spending due to military activities increased the supply of money in most countries that went to war. After the recovery, crucial measures were undertaken to cushion the depositor from losses in case a downturn of such a magnitude was to occur again in future. Banks were no longer allowed to trade in securities (Yetman, 2003). Furthermore, legislation was passed that allowed for the regulation of stock markets and banks were forthwith required to insure depositors’ money. The depositor insurance policy received global acceptance and it led to increased depositor confidence. Moreover, governments around the globe resolved to increase government spending to impede any possible depression (Eichengreen Sachs, 2008). Other measures such as reduction of taxes from time to time and monetary expansion would be used to curtail future deflationary effects. References Adas, M. (2006). Turbulent Passage: A Global History of the Twentieth Century. New York, NY: Longman. Crossley, P. K., Lees, L. H., Servos, J. W. (2009). Global Society: The World since 1900. Boston, MA: Houghton Mifflin. Duiker, W. J., (2007). Contemporary World History. Boston, MA: Wadsworth. Eichengreen, B., Sachs, J. (2008). Exchange Rates and Economic Recovery in the 1930s. Journal of Economic History 4 (5), 925-946. Findly, C. V., Rothney, J. A. M. (2006). The Great Depression and the Second World War. Boston, MA: Wadsworth. Keylor, R. (2001).The Twentieth-Century World, 4th ed. Ardsley, NY: Transnational Publishers. Romer, D. (1992). What Ended the Great Depression? Journal of Economic History. 52 (10), 757-784. Yetman, J. (2003). The credibility of the monetary policy. Philadelphia, PA: University of Pennsylvania Press.

The top 5 benefits of recruitment marketing for HR professionals

The top 5 benefits of recruitment marketing for HR professionals After a decade of economic uncertainty and high unemployment, job seekers are finding themselves in a favorable job market. As such, recruiting top talent is going to be much harder than it was in 2008. Recruitment and talent acquisition will become a lot more competitive, so positioning your employer brand and recruitment marketing strategy will be key to attracting the best and the brightest.According to a recent survey conducted by HR.com, only 32% of HR professionals understand recruitment marketing to a high degree and only 20% do a good job. Given this information, in order to truly reap the benefits of recruitment marketing, you must first understand what it is.According to PandoLogic, recruitment marketing is the suite of strategies and tools you  use to build and maintain your employer brand, connect with potential hires, and manage outward messaging about your company. It’s not quite the same thing as standard marketing- you’re not selling your product or se rvice, but rather your company. It’s also not quite the same as talent acquisition.  Recruitment marketing consists of the various activities an organization uses to find, attract, engage, and nurture talented prospects before, during, and after they apply for a job. With that being said, here are the potential benefits.Better marketing and word of mouthYour employer brand is only as good as its reputation. Targeting sites like Glassdoor and making sure you have a positive image can do wonders for how your brand is perceived. Think about it: if a job seeker wants an honest review of what it’s like working at your company, where will they go? Chances are, they will take to Glassdoor. If they see a plethora of negative reviews, they will most likely pass on working at your company.Reduced time to hireBut there is more to recruitment marketing than just your employer brand. The software you use will determine how efficient you are at filling your open positions. Having a clear recruitment marketing strategy will keep you up-to-date on the latest technological innovations in recruitment. For example, innovations such as AI-enabled recruitment software can save you time and money on manual tasks that can easily be automated.hbspt.cta.load(2785852, '9e52c197-5b5b-45e6-af34-d56403f973c5', {});Better quality of hireAnother aspect of recruitment marketing that can’t be underestimated is the power of big data.  Data is ultimately the foundation for any AI-enabled technology, especially in recruitment. Big data can help you target people who meet a certain standard and help ensure that you’ll get better candidates.Better ROI for your budgetWhat proper business doesn’t want a return on their investment? Recruitment marketing is no different. As a recruiter, you’re investing resources in order to obtain employees who then help your company thrive. Part of the recruitment marketing strategy is analyzing your job advertising spen d and figuring out where your money is most effectively spent, what’s not working, and reallocating resources as necessary.Overall, developing and maintaining an effective recruitment marketing strategy is essential if you want to experience all of the aforementioned benefits.  By embracing best practices now, you’re helping to ensure better, smoother hiring in the future and an improved candidate  experience. Of course, this is just a high-level overview. It doesn’t actually touch on how to achieve these benefits in great detail. If you’d a more in-depth analysis, please visit PandoLogic  to read their multi-layered blog post.

Closed Economy Essay Example | Topics and Well Written Essays - 3000 words

Closed Economy - Essay Example The question here is that why it is not concerned with the threats of United States. Let us not answer this question now and move a little further before answering this question. Official Statistics show that North Korea had an average annual growth rate of around 1.6 percent for the period of 2002-2007 (Walters, pp. 55-57, 2008). However, it shocked the world when it posted a growth rate of more than 3.7 percent in the year 2008 (Library of Congress, pp. 15-19, 2009). Not only had this shock came because this growth is the highest for North Korea for at least the past two decades but also because many neighboring countries of North Korea and even many other countries had either showed negative growth rates for the year 2008 due to the global financial recession. The second question is that what magic lamp North Korea had to show this comparatively unusual and high growth rate during the period of global financial recession and why there was no effect of the recession on its growth. The answers to both these questions lie in the economic structure of North Korea. North Korea is the country, which is the nearest of being called as a closed economy or autarky. It is one of the five remaining socialist states of the world with an entire government planned, state-owned and commands economy where the government intervenes largely. Interestingly, North Korea is a completely nationalized state and the state owns all the assets of the country. Moreover, the citizens do not have to pay any taxes.