The Great Depression was unexpected, yet inevitable. The stock market prices were inflated to nearly breaking point, but there were no actions to show for it. Eventually, people started to realize nothing was resulting from all the stock buying - and panicked. Everyone started selling as much as they could, as fast as they could so they could still make some profit. The major economic figures of the time tried to sustain the stock market by investing all they could, but to no avail - the prices took a huge tumble, and it would be a long time before they would manage to rise up again.
In 1929, experts started to sell their shares heavily before the values fell even further. Eventually, everyone wanted to sell their shares but nobody was buying. This led to complete collapse of prices and thousands of investors lost millions of dollars. Tariffs – Due to America putting Fordney McCumber Tariffs on European goods, Europe responded by also putting tariffs on American goods so US business men found it hard to sell goods to European
In this quote when Gatsby asks “Do you like it” its almost like he asking “You like it right, its big enough?”, which shows that he thinks that all Daisy wants is money, so her goals are corrupted. “He’s the man who fixes the World Series back in 1919”(73). This quotes shows that Meyer’s goals are so focused on money that he throws all his morals against cheating away. The result of the Corruption of the American Dream is that motivation to get someone’s dream is gone and they’re just left with empty goals. This is shown when Daisy says “ Do you always watch for the longest day of the year… I always watch… and miss it”(11).
The value of money has many misconceptions. As depicted in the story, people can look too highly upon money. The banker, filled with pride and very high self esteem, taunts the lawyer by presenting to him that “2 million dollars [was] a trifle”, which was not enough to pay off the “three or four years of the best years of [his] life” (Chekhov 767). The banker praises and flaunts his money in hopes of scaring the lawyer away from following through with the arrangement. He shows his true cockiness when he predicts the lawyer to only last three to four years out of the total 15.
Not only is it just money figures it’s the idea that these middle class students are going to college for several years on a promise that if they get that degree they will be able to live comfortably, and due to the current state of economy this is just not true. Larger companies are either misusing or not getting the benefits of the government and therefore there have been job cuts in professional positions that would have served as a landing point for these college degree students ("Occupy Wall Street"). Now that there is no jobs these students are left with tens of thousands of dollars in debt with no way to earn money because they are over qualified for lower positions but do not have the experience to land one of the limited jobs left in the professional white collar business world. Now this is a major topic of dispute because a lot of the country believes that they just need to work hard and stop complaining because that’s what they did and they now live happily, but the truth is they cannot do that. This is why these thousands of individuals are marching on Wall Street to voice their ideas on them and tell them that they their greed and no care for the rest of the nation is what is killing us this very day, and until some sort agreement I made it looks like the protests will not end("Occupy Wall Street").
As with other chapters’ reactions, I find this one to be of mild interest. I enjoyed reading about the colonists’ struggles and efforts, and was especially struck by the riot shout, “‘Tyranny is Tyranny let it come from whom it may’” (Zinn 75). It’s obvious that this time in history was very rocky. Turns out, the rich not only had the most wealth and influence, but when war came up, they could get out of being drafted by paying for substitutes. This just reflects on the attitude that the rich held and holds in higher contrast the dedicated drafted soldiers versus the rich who avoided injury.
The stock market game goes by very fast and one day, stocks can be doing very well and the next day they suffer a major loss. Since I did not know what to invest in, I bought stocks reflecting on what interested me. Based on my interests,
People cannot be millionaires overnight and know how to act when they receive large sums of money. Since most lottery winners tend to be people with average income, they seem to not understand how to manage their money well and that leads to reckless spending. In the Documentary “Reversal of Fortune,” a homeless man is given $100,000 and the man starts spending recklessly, wasting his money on two vehicles, beer and starts spending an average of $10,000 a week. That is an example of what reckless spending can do to a person with money as it changes a person for the worse. The second most common problem that faces the irresponsible winner is erratic behavior.
Tycoons of Industry Essay I personally think that industrial tycoons such as Carnegie, Rockefeller and Vanderbilt should be remembered as Captains of Industry. I feel this way because it took intelligence, creativity and strategic thinking and courage to be able to manipulate their industries in a way to ensure the success they had. Robber Barons engaged in unethical and monopolistic practices to obtain enormous wealth. Captains of Industry study their markets for weakness and strategic plan how to address these weaknesses in a way that builds up the industry and profits themselves at the same time. Money rules the world and if you are allergic to it you will always live a modest/mediocre life.
This is because the gambling distractions cause decreased job productivity and multiple missed days at work. As a result, when addicts are unemployed with great debt, this often leads to filing for bankruptcy. Nevertheless, this clearly demonstrates that the financial risks and