Essays on American Economy

Economic Inequality in America The Occupy movement gained fame in September 2011 with a slogan that brought together a wide range of people, “We are the 99 percent. ” The goal of the group is to get rid of economic inequality throughout the world. The …

The growth of industry in the last half of the 19th century laid the foundation for American economy of the 20th century [1]. The expansion was driven by large-scale industrial development and railroads that led to an urbanized industry primarily in the Northeast, and promoted …

The impact of innovation jobs and high tech industries on the american economy presented in enrico morettis the new geography of jobs Just fifty years ago, manufacturing was the driving force behind the American economy. The automobile industry was thriving, and so were cities like …

Introduction In the bustling world of American fast food, few names carry the weight and historical significance of the McDonald brothers, Richard and Maurice. As a college student studying business evolution and entrepreneurship, I’m drawn to the story of these siblings who didn’t just establish …

China’s economy will become the biggest in the world sometime very soon. According to the World Bank, the size of China’s economy is $10. 1 trillion, compared with $14. 6 trillion for the U. S. , based on purchasing power parity (which adjusts exchange rates …

The Amalgamated Association of Iron and Steel Workers (AA) was on the rise in the recent years before July of 1892. Its membership nearly doubled since its last victory at Homestead in 1889, after which steel output was limited by the collective bargaining agreement. As …

In a broad sense, the macroeconomic policies developed and implemented by the Federal Reserve (the Fed) are those which regulate the national supply of money. Either through foreign exchange operations, or management of public funds, the Fed seeks to maintain the level of money supply …

Can man commit acts of righteousness without guidance? Under corporate personhood of the United States justice system, a corporation is seen as an entity, a person. So, can a corporation commit acts of commutative injustice without mediation? A higher authority must be needed to ensure …

Headquartered in Peoria, III. Caterpillar Inc. is the world’s largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. It is a fortune 100 company, ranked number 1 in its industry, with more than $26 billion in assets. It …

Counter urbanisation is the process of people migrating from major urban areas to smaller urban settlements and rural areas. The process of counter-urbanisation occurs due to push factors from urban areas, such as the closure of industrial factories resulting in unemployment, and pull factors from …

Finally, in 1854, the US learned to make lighting kerosene, a patent was filed for its use ‘for lighting and other purposes’ and it was from this time that there was a steady demand for oil for its industrial use. The first kerosene plant was …

Throughout the late 1920’s many American patrons of the arts had attempted to bring the famous Mexican muralist, Diego Rivera, to the United States for commissioned works. It wasn’t until September of 1930 that Rivera finally arrived in San Francisco to paint. His wife, the …

As we look at our living expenses and income it isn’t hard to believe that people can still live at the minimum wage level. In the U.S alone, there are roughly 313 million people, 1.6 million of those Americans are living under or right at …

The American Dream. This is what most every American wants. To have wealth and prosperity. In the book Death of a Salesman by Arthur Miller, Willy Loman in pursuing this dream through all means. Willy Loman, a man in his 500s has worked hard all …

Growth has slowed considerably in early 2001 in response to the hard downturn in the US economy. The Gross Domestic Product (GDP) growth in 2001 is forecast to slow to 2%, from 6.9% in 2000. A rebound of growth in 2002 will depend on an …