John majors government came into office after the downfall of Margret Thatcher, which ultimately created divisions within the party. Not only did the party suffer from the internal conflict but also faced the problems of the recession after the ‘Lawson boom’. In order to stabilise the economy he joined the ERM getting a good deal but ultimately resulting in ‘black Wednesday’ causing Major to raise interest rates to 15%. This was political suicide and he soon lost the support of the press we had once relied so much on to get re-elected in 1992. The housing market also plummeted leading to negative equity, which the majority of the working class could not afford resulting in the repossession of their houses combined with the drastic increase in unemployment Britain was in a mess.
America began on small businesses and America has to continue to have small businesses to have a good economy. Wal-Mart endangers businesses all over the country because small businesses cannot compete with the superpower on account of Wal-Mart getting goods from places like China. Most people live within thirty minutes of a Wal-Mart and with their lower prices people will continue to shop there without realizing what they are doing to their own economy. Most people don’t realize that saving a few dollars by shopping at Wal-Mart is crippling all the local businesses around their area. Wal-Mart does not care about the American economy because they are thriving the way the economy is now, so American citizens have to stand up for their communities.
New technology has changed the Pyrmont community, because it is able to open up new jobs, but also causes decline in jobs that are already there. Such as in the 1980s when the large freight industry was moved out of Pyrmont, due to the improvement of cargo ships, which enable more stocks to be transported, but could no longer fit in the docks of Pyrmont. These caused thousands of residents to leave Pyrmont in search of jobs that were lost at the docks, with thousands of men gone, businesses around Pyrmont quickly followed, as they made no money were they were. The development of transport has also changed Pyrmont, with more frequent services, many people living outside Pyrmont are still able to work there, getting there either by train, bus, taxis or car. New technology also changes work patterns in Pyrmont.
I think when we created the fence that stretches along our U.S- Mexico border and creating a new policy we have decreased illegal immigration and helped immigrants get easier access to jobs and also decreased the criminal activity along the border. Future immigration policy should recognize that illegal immigration has a significant and positive impact on the US economy. The effect for building the fence and making a new policy was because of illegal immigration and drug smuggling and terrorism. So many people right now are against the fence but in the future I think it will benefit us for our security and economy. The people who wanted the fence in the first place because of unknown threats coming across our border can now rest with no worries because are we as a nation are protected.
This means the government does not see the need to have as many fire men/women and therefore made many redundant and closed down fire stations in order to save money. This has caused an upset, both with fire men and women local residents as they believe the service times may increase as there is not as many available in comparison to before the redundancies. The same can be said about the police force, there has been a vast decrease between the amount of people the police force take on and train and allow to become a member of the police force as they simply cannot take on the amount that may be needed due to government cutbacks and financial policies. However, a positive affect that can be said about financial policies that result on cutbacks for public services could be that as money is saved for example in reducing the amount of fire stations and fire men/women, the money could be invested in an alternative public service such as the paramedic service or the NHS in order to
Over-production – Fewer products such as cars, consumer good etc were not being sold as factories were making more goods than Americans needed or could afford to buy. As the number of sells went down, the prices of goods also went down which meant that wages had to be kept low. When this did not work, industrialists had to resort to sacking workers, and because the workers did not have any more money, they could not afford luxury so factories continued to
Diego Cervantes Mr.Olazaba English 11 March 29, 2012 During the great depression there was a lot of poverty because the economy was down and families did not have enough recourses to help support their children . People were drinking alcohol instead of supporting their families, mostly men were drinking. On January 16th, 1919 the 18th amendment of the constitution was ratified, prohibition in the United States was a law. Banning of alcohol only made things worse by increasing organized crime, violence, and corruption among law enforcement officials during the next decade. The 18th amendment contributed to the rise of organized crime because it created a lot of underground business.
Because these areas mainly fall under governmental provision and regulation they are simply not provided to society as a whole by the private market. Privatizing prisons has once again become acceptable, “the private prison industry, which has grown by 350 percent in the last 15 years (Johnson, 2012)”. There is still much to be debated about the privatization of prisons once again, as the profit margin isn’t in the care or service they provide but rather in the number of inmates they house. Emergency services such as Fire and Police protection are areas that the market fails to give the desired quality of output and desirable price. Both of these services are pretty much wholly government run and controlled.
Without any success in business, the culture can´t expand in financial which is a big and important territory for a culture. Unequally between the educations for the Aborigines compared to the white people causes other consequences that I have mentioned earlier. So one of the big issues is the education problem. Low education causes other consequences like high unemployment and high percent of drug and alcohol addicts. Many of the Aborigines can´t even effect their situation because they don´t know how to react and organize opposing parties against the white inhabitants´ politics who don´t promotes rights for the Aborigines´.
Michael chambers September 8th, 2012 ENG-106 Sandi Greene Immigration Control Immigration control does not mean no immigrants, in actuality it should read, illegal immigration control. This hot topic needs looking at carefully, because immigrants do a lot for this country and if they were to all be deported, then parts of the economy of this great nation would decline even more and quicker than it is currently. We hear many stories of how immigrants are taking jobs away from the legal residents and speculation as to how much better life would be for its citizens if those that are here illegally would not take all the jobs and send the money out of the country. From the surface, this looks exactly like that. The economy of the United States is currently in a recession, if not depression.