The Great Depression And Great Recession Essay - 1700 Words

The Great Depression and Great Recession were two unique events that had monumental impact on the economy. Both had similarities, and differences that made them unique. The Great Depression was caused by people living on credit, and when it was time to pay they didn’t have the money, this happened on a wide spread scale. The crashing of the stock market was what officially started the Great Depression in 1929. The great recession was caused by subprime mortgages as well, as risk taking by financial institutions. Much like the depression people were living over their heads, and when it was time to pay their bills they were unable to. Both the Great Depression and Great Recession were brought on by bubbles, for the Great Depression it was the stock market bubble, for the Great Recession it was the housing bubble. The time period before The Great Depression was known as the roaring twenties. The roaring twenties is known as a period of economic success in the United States. Due to the accessibility to credit people were now able to afford new items and products, the most notable were automobiles due to mass production, prices cheapened and with credit people were more likely to buy luxury items like these. Not only were people buying new goods and services, they were now investing in the stock market, some on credit and times seemed like they would never go bad. This was obviously not the case as the twenties went on people began to fall behind on their payments. During theShow MoreRelatedGreat Recession And The Great Depression906 Words   |  4 PagesGREAT ECONOMIC TIMES IN AMERICA The Great Recession and the Great Depression are the fallout of the exact same economic problems and are only different in a few respects. Each period is marked by a massive run ups in asset prices followed by a crash in the stock market and sent both debt and equity markets down. These periods are said to be the worse economic downturn in the country’s history. During the great depression, as banks failed and threatened to shut down the financial system altogetherRead MoreGreat Depression And The Great Recession864 Words   |  4 PagesThe â€Å"Great Depression† and the â€Å"Great Recession† are two of the darkest times in American history. There is much debate about the cause of the Great Depression and how it differed from the cause of the Great Recession. Many people believe that the stock market crash of 1929 played a major role the Great Depression. On the other hand, the stock market crash of 2008 drove America into the Great Recession. The causes of st ock market crashes are often unforeseen, but many have detectable indicators.Read MoreThe Great Depression and the Great Recession2123 Words   |  9 Pages Economic depression is a state of the economy resulting from an extended period of negative economic activity as measured by GDP .The great economic depression of the US from 1929-1939 was one of the worst economic depressions in the world economy. The GDP per capita of the United States fell by a third (Federico 2005). A lot of economic activities went down and so many people suffered. Even though the depression affect the rest of the world, it has been called the great depression of the US becauseRead MoreThe Great Depression And Recession952 Words   |  4 Pages Thank you for providing students the opportunity to explore their perspectives. In this reflection paper, I will summarize my comprehension of the Great Depression and Recession, react to readings and lectures and share my views of a remarkable article that I recently read. In today’s fast-paced world, students, similar to many Americans, do not have enough time in a day to notice the intensity of the economy in their ultimate satisfaction, happiness, and overall well-being. Thus, America’sRead MoreCauses Of The Great Depression And The Great Recession2292 Words   |  10 Pages1. Examine the causes of the Great Depression of the 1930s and consider what similarities and differences can be drawn with the problems from the financial and economic crisis which began in 2008. Introduction 2007-2009 in America has often been described as the worst economic crisis since the Great Depression in 1929. There was lots of debate whether the economy was slipping back to double dip recession but there is considerable evidence that the economic crisis in 2008 is worse than the crisisRead MoreSimilarities Between the Great Depression and the Great Recession959 Words   |  4 Pagesconsider the history of the market and the causes of the problem. And after a solution is formulated, one must present an idea for prevention of the problem for the future. Many people see similarities between The Great Depression in the late 1920s to the late 1930s. The Great Depression was caused by the Stock Market Crash of 1929. Leading up to the crash was The Roaring Twenties. It was right after World War I. The United States economy was stimulated by producing things for the war. People seemedRead MoreThe Parallels Between The Great Depression And Great Recession1958 Words   |  8 Pages The two worst crises in history EQ: What are the parallels between the Great Depression and Great Recession? How can we prevent this economic catastrophes to happen again? Mr. Smith after looking for the last time at what was left of his investing, stood up from the black chair in his office and started walking toward the windows, He couldn’t live with this, a man who had always won during his entire life, a man who had always been successful, a man whoRead MoreThe Great Depression of 1929 vs. the Great Recession of 20082799 Words   |  12 PagesThe Great Depression of 1929 Vs. The Great Recession of 2008 In America there have been great economic struggles and triumphs. The many great leaders of this country have foraged, failed, and overcome some very difficult times. Comparing the Great Depression of 1929 and the Great Recession of 2008 has revealed similarities that by learning from our mistakes in 1929 could have prevented the latest recession. I will discuss the causes of the Great Depression and the Great Recession, and what policiesRead MoreComparing Recession to Great Depression Essay3134 Words   |  13 PagesResearch Paper. The Great Depression was a harsh global economic depression in the decade prior World War II. The Great Depression, while it happened far before the â€Å"Great Recession† of 2008, it can be greatly compared. During the Great Depression, all income, tax revenue, and prices dropped. International trade decreased by more than 50%, and U.S. unemployment climbed to just above 25%. Industrial cities like Detroit and Pittsburgh took the heaviest hits. While the recession of 2008 was not as drasticRead MoreThe Worst Recession Since The Great Depression1347 Words   |  6 PagesWhere do you begin with covering one of the greatest economic crash of our time, and the worst recession since the Great Depression? Michael Lewis takes us to the very beginning, covering the story of how cynical mortgage brokers and CDO managers were playing fraudulent roulette. A rigged system that was doomed from the beginning but that very well needed every piece to be in place for 2008 to happen. Credit rating agencies SP and Moody’s had to be completely oblivious in properly rating the CDO

Abortions Pros and Cons Essay - 1194 Words

Nowadays, in this world, there are a lot of problems that can make tremendous conflicts for human beings. They are very complicated and bring a lot of argument and nobody knows what the exact answer is. They also have pros and cons. One of the most complex problems is abortion. This is due to moral and ethical values which we all have. The majority of us are Christians or are brought up in that kind of ambiance which means that as small children we were taught values that are based on the bible such as that famous phrase â€Å"Thou shall not kill†. This phrase relates to this topic because an abortion is the murder of a human being. A 52% of women getting abortions performed on them are younger than 25 years old and 19% are†¦show more content†¦For the last 17 years, the Hyde Amendment has banned the use of federal funds for almost all Medicaid abortions. The Hyde Amendment explicitly allows only two exceptions to this restriction: (1) when the life of the woman is endangered or (2) in cases of rape or incest. Since all of this was being approved we as a society thought that we could get rid of some of our social concerns. But it did the complete opposite here are some examples Illegitimate births were at a 10.7% in 1970 and in 1990 it raised to 26.2% in 1990,Children with Single Mothers in 1970 was11% in 1990 was 22%, Violent Crime Rate (per 100,000) in 1970 it was 36.4 2 and in 1990 it went up to a 73%, Teen Suicide Rate was 5.9% and in 1990 it dramatically increased to a 11.3% , and lastly Children on Welfare 8.5% and again that number managed to raise to a 11.9% according to (Catholic insight , May 2004 p28). Some of the proposed solutions for this abortion dilemma are making adoption more open to our current society. This is believed to help stop abortions incases in which the mother cannot support the unborn child or she wants to avoid raising the unborn child past its birth. This would be an option for almost anybody considering abortion. As for younger teenagers the promoting of abstinence rather than the use of contraceptives. This option would be better because it is popular belief that promotingShow MoreRelatedPros And Cons Of Abortion1413 Words   |  6 Pagesevident that the topic of abortion is very controversial. Many people have been asking themselves the same question for many years now, do you think abortion is ethical? Abortion has been a heated argument amongst citizens, political activists, and several religions all across the world. Those who are against abortion are known as pro-life and argue that abortion is wrong because it kills human life. On the other hand, there are people who are in favor of abortion are known as pro-choice. They believeRead MorePros And Cons Of Abortion983 Words   |  4 Pages Murder or Not? â€Å"In 2013, 664,435 legal induced abortions were reported to CDC from 49 reporting areas. The abortion rate for 2013 was 12.5 abortions per 1,000 women aged 15–44 years, and the abortion ratio was 200 abortions per 1,000 live births.† (cdc.gov) Over half a million abortions in one year alone that happened in the U.S.A, and that does not even take into account the rest of the world. Abortion is the act of intentionally terminating a human pregnancy, usually done before the third trimesterRead MoreAbortion Pros and Cons7190 Words   |  29 PagesRunning Head: ABORTION PROS AND CONS Critical Issue Analysis Paper (Pros Cons) Mandy Diaz University of Phoenix Oscar Gonzalez, M.A. RES 110/ Introduction to Research and Information Utilization August 13, 2007 Abstract When people think of abortion some people think of killing a human while others think different. When you talk to people about abortion some people are against it and some are for abortion. Abortion Pros and Cons Abortion to people takes a life of a human. It isRead More Abortion: Pro and Con Essay1214 Words   |  5 PagesAbortion: Pro and Con In a pluralistic culture of unwanted pregnancy, there exists a contradiction between a relative sense of morality and the democratic ideal of free choice.   Aristotle provided the first written record of this irresolvable contradiction in his book Politics, saying, When couples have children in excess, let abortion be procured before sense and life have begun; what may or may not be lawfully done in these cases depends on the question of life and sensation. (1)   The controversyRead MoreEssay Pros and Cons of Abortion3507 Words   |  15 PagesPros and Cons of Abortion Should a list of pros and cons of abortion really be necessary for Christians...or human beings for that matter? I mean, have we really reached a point where we cannot tell that abortion is murderous no matter how you color it or try to paint it as compassionate? Apparently so. Thirty plus years after the infamous Supreme Court decision in Roe versus Wade and thirty one years after my own timely birth, I sit in awe at the ignorance of a great portion of society..Read MoreEssay on Pro and Cons of Abortion658 Words   |  3 PagesMarinelly Gonzalez Dr. Edwards Com 123 Cons of Abortion wrong and looked down upon by a lot of religions. Some women use abortion as a type of birth control. They sleep with men and do not use protection and think nothing of it to go to the clinic as many as five times in their life to have an abortion. A con against abortion is the nagging thought that a woman went to a clinic, had an abortion, and thus the world was prevented from seeing the birth of the only person capable of attainingRead MoreCorruption : The Pros And Cons Of Abortion982 Words   |  4 Pagesof abortion and whether or not it should be legal. Many people who are pro-choice believe that it should be left up to a woman to choose what to do with her body a nd whether or not she wants to give life to another human being, while others believe that abortion is murder and the woman and the doctor who chooses to perform such criminal acts should be prosecuted to the fullest extent of the law. During the 2016 run for Presidency Donald Trump also agreed with those who believe that abortion shouldRead MoreThe Pros And Cons Of Abortion805 Words   |  4 PagesAbortion is a controversial subject that most people will never be able to agree on. The reason for that is because there are people who are against abortion, while we have others who believe that the only ones who have a say on what they do to their body is the women. Since recognizing a womans constitutional right to abortion in Roe v. Wade case, the U.S. Supreme Court has been reaffirming that right. The Court has held that a state cannot ban abortion before viability which is the point at whichRead MoreAbortion Pros And Cons Essay1964 Words   |  8 PagesWhat is an abortion some m ay ask, another question that pops up just as often if not more frequently is why would anyone do that to their unborn child? An abortion in legal terms means, according to Merriam Webster dictionary, the termination of a pregnancy after, accompanied by, resulting in, or closely followed by the death of the embryo or fetus. Many times, a parent doesn’t feel as though adoption is the right decision to make because then they risk the chance of growing a bond with their childRead MoreEssay on Pros/Cons of Abortion2613 Words   |  11 PagesPros and Cons of Abortion Abortion is a very controversial subject that has been continually argued over for the past few years and probably many years to come. The main controversy is should abortion be legalized? First before we get into the many sides of abortion we must first define abortion. Abortion is the destruction of the fetus or unborn child while the child is still in the mother’s womb. This can be done by almost anyone from the mother herself to back alley abortions and even to abortions

Cloud Computing for Small Businesses Free Essays

Abstract Cloud computing is the practice of moving computing resources off-site, to be hosted remotely, usually by a third-party company. This article examines the pros and cons of cloud computing from the perspective of small businesses (defined to be those businesses with 50 or fewer employees). The main finding is that cloud computing offers substantial advantages to small businesses in terms of cost savings and increased reliability of service, especially since it allows these businesses to leverage economies of scale that in the past have only been available to larger organizations. We will write a custom essay sample on Cloud Computing for Small Businesses or any similar topic only for you Order Now Moving computing resources to the cloud is likely to realize cost savings for the majority of small businesses, and there are few existing barriers to implementation, with the exception of those businesses dealing with highly confidential data, where privacy concerns or indeed legal restrictions on the handling of data may prevent such a move. Introduction For all businesses, but especially small businesses, the ability to react to change is critical. Demand fluctuates, suppliers come and go, and changes in government policy at all levels can strongly influence the business environment. Faced with these changes, organizations need to be able to change the way they do business reasonably quickly, or they risk becoming uncompetitive. Information technology and computing, unfortunately, can become barriers to change. Hardware and software can both represent substantial upfront and ongoing investments for small businesses, both in terms of purchase costs and also in the time and effort required to make these solutions part of the everyday work pattern. Furthermore, computing can represent a source of inefficiency for a small business if a certain level of technical expertise is required, since a small business may not have sufficient scale to fully utilize a properly qualified (and therefore expensive) member of staff dedicated to technica l support. Cloud computing is an attractive solution to these negative aspects of information technology, since it enables small businesses to outsource technical support and gain resource flexibility via fee-for-service models, or even via services provided for free and supported by advertising. In the analysis that follows, we will examine the benefits that cloud computing can bring, while also covering several potential barriers to implementation that should be borne in mind. Analysis Traditionally, businesses have physically installed hardware, and locally maintained software, to satisfy their information technology requirements. McAfee (2011) describes the â€Å"cloud computing† alternative as follows: â€Å"With cloud computing, in contrast, companies lease their digital assets, and their employees don’t know the location of the computers, data centers, applications, and databases that they’re using. These resources are just â€Å"in the cloud† somewhere.† Small businesses[1] have not typically differed from the traditional pattern of local hardware and software ownership. However, due to their size they will face different challenges to larger businesses when it comes to maximizing the benefits of information technology, as noted by Burgess (2002, p. 4). In fact, the uses of information technology by small businesses are different from those of larger organizations. Dixon, Thompson and McAllister (2002, p. 16) note that: â€Å"Small firms use ICT more as tools to support specific organisational (sic) tasks such as administration and accounting, rely on standard, off-the-shelf solutions, and on external support.† Small businesses, therefore, typically rely on off-the-shelf hardware and software, and often restrict the range of products in use to office productivity software running on commodity desktop hardware, supported by entry-level server hardware for file sharing. The remaining typical small business requirements are either specifically on-site by nature (e.g., printing) or already in the cloud (company blogs, third-party payment options etc.). Research by the Mississippi State University College of Business’s Office of Business Outreach (2008) indeed shows that small businesses are already on a path that sees an increasing share of their computing resources hosted remotely, leading to an eventual situation where only those services that are unavoidably on-site, as mentioned above, remain local. This research does indicate a reluctance among small businesses to move down this path, though: â€Å"Unfortunately, many SMBs are slow to adopt Web 2.0 tools because they find the technology too confusing or expensive, or they don’t see its relevance yet.† (p. 12) Still, the advantages of cloud computing to small businesses, both in cost and flexibility, are clear. In addition to cost savings due to the reduced hardware specifications needed to work on documents that are hosted in the cloud (since the remote server handles most of the computation load and the local machine simply displays output), Dimitrova (2011) identifies several additional benefits, including the automatic backup of data, remote availability of documents and ease of collaboration and data sharing, either between employees or with suppliers and clients. This last point, though does highlight the key concern regarding cloud computing, namely the security of data that is stored remotely via a third party. Unfortunately, no system that allows remote access can ever be entirely secure, and examples of data breaches leading to the sharing of confidential data are all too easy to find (ClearCenter 2012). So for a business contemplating a move to the cloud, the key decision will be whether the risk of a data breach outweighs the obvious benefits of the move in terms of cost savings and flexibility. Some businesses are in fact legally prevented from utilizing remote data storage: for example, the Health Insurance Portability and Accountability Act in the USA excludes many remote data storage solutions for health records. In making this decision, though, it should be remembered that a small business will in all likelihood not represent an obvious target for data theft, and that even in the case where such theft might be a possibility, it is not clear that data stored in the cloud is in fact less secure than locally-hosted data. In fact, cloud computing may well enhance data security. As Molnar and Schechter (2010) point out: â€Å"Transitioning to a cloud-hosted infrastructure may also have security benefits; some security measures have high up-front costs, may become affordable when amortized at cloud scale, and impact threats common to both cloud- and self-hosted infrastructures.† For example, data that is stored in the cloud need no longer be carried around on a USB stick that could be left behind or lost, and will also be backed up to a higher degree of reliability than a small business would typically manage via a local solution. It seems that only those businesses that are legally restricted in their choice of data hosting services need be restricted by security concerns, once the particular risks and mitigating practices of remote data storage are understood. Conclusion Cloud computing offers clear advantages to small businesses. Under a cloud computing model, upfront capital costs are reduced, flexibility to adapt to changing requirements is increased, and small businesses gain access to services and security practices that have in the past been prohibitively expensive to them due to their lack of economies of scale. Moreover, security concerns regarding the possibility of a data breach should be considered in light of the fact that remote data storage can actually increase security, both by providing access to more reliable backup services and by reducing the need for unsafe practices such as data sharing via removable media. References Burgess, S., 2002. Information Technology in Small Business: Issues and Challenges. Idea Group Publishing: Hershey, PA. ClearCenter, 2012. Twitter Breach Revives Security Issues With Cloud Computing [Available at: http://www.clearcenter.com/News-Articles/twitter-breach-revives-security-issues-with-cloud-computing.html]. Dimitrova, M., 2011. Save Your Business A Fortune With Cloud Computing [Available at: http://www.anotherway.org/2011/06/expand-your-business-horizons-with-cloud-computing/]. European Commission, 2003. Commission Recommendation of 6 May 2003 concerning the definition of micro, small and medium-sized enterprises, Official Journal of the European Union, L 124. European Union Publishing: Brussels. McAfee, A., 2011. What Every CEO Needs to Know About The Cloud, Harvard Business Review, November 2011. Harvard Business Publishing: Boston, MA. Molnar, D. and Schechter, S., 2010. Self Hosting vs. Cloud Hosting: Accounting for the security impact of hosting in the cloud, Proceedings of the Ninth Workshop on the Economics of Information Security (WEIS 2010), Microsoft Research, 8 June 2010. Office of Business Outreach, 2008. Small Business in 2018: Information Technology Trends, White Paper #6 [Available at: http://business.msstate.edu/bizservices/pdf/SMBTechTrends.pdf]. [1] In this article I will be using the European Commission definition of a small business as one that has 50 or fewer employees, and turnover and balance sheet total of less than 10 million Euros (European Commission, 2003). How to cite Cloud Computing for Small Businesses, Essay examples