Toy stores were more interested in the low price products than a high quality products which made A.C. Gilbert company to lose their competitive advantage. 3. Discuss how the societal environment in the US culture was changing. How did the changes affect the toy industry and Gilbert? A.C. Gilbert company has suffered a big loss in sales and profit.
Known also as Black Tuesday, October 29th left stockholders shattered with recorded losses reaching $40 billion dollars (Kelly, n.d.). Many banks and financial institutions began collapsing which led to irretrievable, uninsured deposits and savings. Fearing further loss, people began spending less which led to a decrease in production and an increase in unemployment. As companies began to fail, the government devised the Smoot-Hawley Tariff in order to protect American businesses. The Tariff placed high taxes on imports leading to a decline in international trade.
Drugs have been out of control in the past few years, and the numbers have just continued to grow. One of the main drugs being abused is Methamphetamine. In today’s society Methamphetamine has sky rocketed to abusers too people cooking this drug in their own homes the numbers are outrageous. Methamphetamine is a horror drug once you use it your addicted. Meth addiction harms the body in a horrific way, the drug is made up of chemicals that can kill a person also leading to the addiction, and in order to get over the drug it’s a continuous battle the person must want it for themself, and have the strength over their own mind they can’t be weak or they will fail and relapse.
Many believe that the budget cuts had the biggest impact on proletarian families due to the fact that they would suffer as they had not the money to pay substantial amounts for things that, due to the cuts, increased in price. However, others believe that it was other factors that caused the outbreak of riots such as technology, a lack of education in the hooligans who did riot and some even believe that the rioters are simply bad people. The government have been blamed several times for the outbreak of the riots in London. There are many reasons for this and one is the very cornerstone of the outbreak – the death of Mark Duggan. On Thursday 4th August, Duggan was killed by the Metropolitan police force.
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.
This downward spiral continued during the recession of 2008 thru 2011 with many stores old, disorganized and dated which left a feeling of a dated brand. Ron Johnson, CEO of J.C. Penney knew a change was necessary after the second quarter earnings were reported to Wall Street in August 2012 after several years of changes within J.C. Penny to survive in the retail department store market. It was clear that the performance of the company did not meet the expectations of the stockholders, therefore demanding immediate action and change to the existing business strategy. This was very disappointing as a recent change to the business model was done six months earlier by Johnson and his management team. The major “repositioning” was a change in the existing price strategy of high-low pricing to a new “Fair and Square” pricing commonly used by department stores.
Sue Palmer is another sociologist that believes the increasing impact of technology and the media over the past 50 years is causing childhood to deteriorate. Palmer argues that in modern society there is a ‘toxic childhood’ due to an excessively screen-based culture which she feels is why there has been an increase in developmental conditions in children. She has reasons for some of these conditions, for example ADHD could be caused to screen saturation as the rapid changes of images on TV can make an immature brain go into overdrive resulting in the child seeing real life as boring. Palmer also believes the increase in screen-based activities has made it more difficult for children to develop literacy skills. Also Palmer
It has continued to be one of the most crucial challenges facing the country. It has recently been described by the Archbishop of Canterbury as an increasingly “toxic and corrosive problem.” As a result of the recession, a growing number of our youths haven’t had the opportunity to enter into the labour market. This was due to the fact that during the recession period many companies around the country (both within the private and public sector) resort to cutting the hours and freezing the pay of their existing employees rather than cutting their jobs, thus leading to a recruitment freeze. Hence, this meant the vast majority of young people leaving education were not able to obtain any form of employment. Furthermore, most employers are less likely to employ people with little or no experience or skill and unfortunately young people would fall into this category and so would be left without jobs.
The Great Depression changed and effected Americans and the economy. Millions of Americans lost their jobs and homes. The economy went though a lot of failure of meeting financial obligation in banking and in trading. Because of this Europe and many other nations were set back from many of our abilities to help with their broken economies as well.The unemployment in the Depression was very scary. The Depression started with the market crash of 1929.
This was because unemployment was rising fast (Doc. E), which meant people were spending less to the point that it caused a huge shortage of income to many companies and businesses. The stock exchange was a replacement of work, where people risked their money on what they speculated would do well (Doc. F). Since the unemployment rate was high and businesses were failing, the stock market went through a dramatic crash causing many people and companies to go bankrupt.