Thursday, April 16, 2015
Spoils and Merit System g
The spoils and merit system is a huge issue in Americas government system. The spoils system is when someone, usually a government official is given the job because they supported whoever their superior is. Also, after a political party wins an election, that is when officials give jobs to supporters and fans rather than experienced workers. The merit system is the complete opposite, when the political party gives the jobs to he people they know will be able to do a job right, based off of prior job experience. Of course the spoils system is still in works today, although it may not be as obvious. President's now-a-days may know that the people they hire to be their Press Secretary or Vice President will do the job right but in most cases it is usually a close friend of theirs. The spoils system occurred a lot more in the early 20th century when political parties were just beginning to grow and they strived to only have people who supported them and knew they were there for the long run work for them. Citizens now realize that electing a President is based on not who has the most followers but who has the best workers who will get them what they want.
Wednesday, April 15, 2015
Business Cycles, Depressions and Recessions
Ever since money has been in circulation and the economy has been in full swing, it has been almost impossible for economists to predicts the business cycles of the economy. This is for many reasons, one being the unexpected ups and downs of an economy. These ups and downs usually occur because of bear and bull markets. A bull market is when the economy appears to be growing steadily and is expected to stay that way. During a bull market stock prices rise, currency rates rise, unemployment is low and in result the economy grows because people are more willing to spend money. It is referred to as a "bull" market due to
the way a bull attacks, thrusting its horns in the air, metaphorically referring to how the economy is thrusting upwards as well. A bear market is the opposite; when the economic growth slows and the unemployment rate is high, causing people to be more conscious of how they spend money, which in return hurts the economy. Through out history bull and bear markets have ended in all different sorts of ways. In the late 1920's what started out as a bear market turned into the Great Depression. As the bear market at the time only worsened over time it became obvious that there is no definite way to reverse a declining economy. Going back to how economists cannot predict business cycles, because of the forever changing demand and supply and an unpredictable society, today's economy will never be fully predictable. For this reason recessions, which typically only last two or three quarter business cycles, are hard to stop from becoming depressions because no matter how hard economists try attempting to reverse a recession, trying will only make it worse. Although sometimes trying to fix these recessions may seem like a good idea, the economy may just slip farther into a recession and finally become a depression where not only stocks go down, unemployment rises and money value lessens but also the citizens living status decreases. There lives are less enjoyable, a recession was "when your neighbor loses their job and a depression was when you lost yours."(6 How the Economy Works in the Real World)
the way a bull attacks, thrusting its horns in the air, metaphorically referring to how the economy is thrusting upwards as well. A bear market is the opposite; when the economic growth slows and the unemployment rate is high, causing people to be more conscious of how they spend money, which in return hurts the economy. Through out history bull and bear markets have ended in all different sorts of ways. In the late 1920's what started out as a bear market turned into the Great Depression. As the bear market at the time only worsened over time it became obvious that there is no definite way to reverse a declining economy. Going back to how economists cannot predict business cycles, because of the forever changing demand and supply and an unpredictable society, today's economy will never be fully predictable. For this reason recessions, which typically only last two or three quarter business cycles, are hard to stop from becoming depressions because no matter how hard economists try attempting to reverse a recession, trying will only make it worse. Although sometimes trying to fix these recessions may seem like a good idea, the economy may just slip farther into a recession and finally become a depression where not only stocks go down, unemployment rises and money value lessens but also the citizens living status decreases. There lives are less enjoyable, a recession was "when your neighbor loses their job and a depression was when you lost yours."(6 How the Economy Works in the Real World)
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