Many people say, "The rich get richer while the poor get poorer." This quote is often said these days due to the economic downfall and crisis happening in the United States. One of the only ways to make due is by working relentlessly day in and day out. Today's minimum wage simply is not cutting it ...

What is education? According to the Oxford Dictionary, education means development of character or mental powers; formative experience. Paul Tsongas, a democrat sees education as ¡°taking what is given and passing it on.¡± He also said that American government does not spend enough money t...

It is often quipped that economists base many of their theories on assumptions. The old joke is that should an economist be stranded on a desert island, he will merely assume that a boat is available and quickly depart from the island. Indeed, whilst analytically comparing Keynesian and neo-liberal ...

We have been following the U.S. Leading Economic Index for one year, starting in October of 2003, and ending in October of 2004. The following will hopefully help you to understand why this specific indicator either rose or fell in each particular month. It will also link the graphical information t...

Introduction The economy seems to be churning on all cylinders as of November 2003.As retailers expect great numbers during this holiday sales season, ouroverall economic health seems to be better than this one year ago. Otherthan some high unemployment figures and major problems as the a...

October 24, 1924, will always be known as "Black Thursday." In a matter of minutes the bottom dropped out of the stock market and panic sat in across America as the prices of stocks and bonds steadily skidded downward for three and one half years. The direct and immediate result...

The Poverty Poverty is a global problem, and it has existed from the beginning of civilization. Hunger, homelessness, and lack of health care are major aspects of this world-wide dilemma. Many countries are in complete poverty and the majority are third-world countries. Within the United Stat...

Poverty in America A topic that is always current, in that it is a problem that will never be truly eradicated, is that of poverty. In the United States, almost 13 percent of the population lives below the poverty line. This information, and my interest in the subject, helped me form three questi...

The Case Against the Minimum Wage The issue of government mandated minimum wages did not begin in America. Great Britain, New Zealand, Australia, and France all had some sort of minimum wage program before it began in the United States with the Fair Labor Standards Act (FLSA) in 1938 (Nor...

After LAPD officers Laurence Powell, Theodor Briseno, and Timoty Wind, supervised Sgt. Stacey Koon, were found "not guilty" of beating citizen King, the Los Angeles riots erupted. Why did the riots occur? The rebellion was an outcome of the fiscal and social troubles which conffroting America'...

Although compared to the United States, Japan only the size of California has been a country with a lot of power. Japan has been competitive with the United States concerning technology. From its many ups and downs throughout its history, Japan was able to become a predominately powerful country w...

We all have several questions. Do I have a future of prosperity? Will I be able to afford a home of my own? Will my children or I live as well or better that my parents? These are but a few of the questions we all ask ourselves daily. The answers to these depend on how well the United States economy...

\"Give me your tired, your poor, your huddled masses yearning to breathe free.\" These are the hopeful, inspiring words inscribed on a plaque on the Statue of Liberty. There is a broken chain that lies at her feet symbolizing freedom. She stands tall welcoming immigrants from around the world to t...

The Great Depression was the worst economic slide in the history of the United States. It left many emotional and physiological scars, "invisible scars" as one writer called it, on the American people. There were many contributing factors to the causes of the Great Depression, which came...

The Great Depression of the Inter-war years (1929-1933) was the most profound shock ever to strike the world economy. Economists all around the world were looking for answers why and for how long the Depression will go on, they began to ask themselves questions about the capitalism –was it the...

What is income inequality? According to McConnell and Brue, authors of Microeconomics the 14th edition, income inequality is "the unequal distribution of an economy's total income among persons or families." They also point out that some of the causes of income inequality are &quo...

Beware! America is being invaded by aliens! Not the little, green, martian type you see in science fiction movies, but the real thing. I am talking about the illegal type who come in every day and every night, by land and by sea. Estimates have shown that as many as 500,000 illegal aliens make it ac...

The Great Depression was the worst and longest economic collapse in the history of the United States. It not only put the United States in depression from 1929 to the early 1940's, but also destroyed the rest of the World's economy. Franklin D. Roosevelt's confidence overwhelmingly...

Many people will remember the 1980's as a decade that renewed America's sense of optimism and created a new confidence in its future as well as its leaders. This decade is perceived by many to have been marked by prosperity with the creation of millions of new jobs and a much-needed build...

The civil rights movement in the United States of America from 1954 to 1968 is an important element of the nation's contemporary history. The event was a turning point in the history of Black Americans as their courage and persistence displayed led to the legislative reform of American society...

The New Deal picked people up when the Great Depression sent them down. It restored faith in the American people. The New Deal helped bring businesses and unemployment from out of the cellar. It got the economy back on its feet after it looked like nothing could help. All this was possible becau...

In many urban centers with a significant immigrant population, networks of community membership tend to follow ethnic lines. This phenomenon is sometimes explained as a failure of integration on the part of immigrants. This perceived failure is then viewed as evidence of the inherently problematic n...

Germany's Economic System The Federal Republic of Germany's economy has now flourished despite its harsh times that have been faced throughout the decades. Most people know about Germany from its historic involvement in World War II; its successful campaign to unite East and West with...

Economics is the study of making choices. High school and college students everywhere are required to take economic courses to obtain a diploma. Why is economics so important? Economics is important because it provides a guide for students for real-world situations. Economics is divided into two sub...

Regional Integration - NAFTA The North American Free Trade Agreement (NAFTA) is a very significant part of international trading in North America. NAFTA was built upon a prior 1989 trade agreement between the U.S. and Canada that was responsible for tariff reductions between the nations. There were...