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Essays on Economics

Interview With Mr. Smallwood
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... the study of motion. It allows finding the acceleration or velocity of a moving object at any time during it’s path. Distance, time, velocity and acceleration are all linked together using calculus formulation. Calculus is also used in the study of optics. Finding the tangent to a given curve at a specific point allows us to determine at what angle a light ray strikes a lens, which is also important in determining the direction a moving body is travelling. Calculus is used in maximum-minimum problems such as ballistics. It allows us to determine the maximum range of a canon or other projectile instrument. Plotting the path of a trajectory is all done using Calculu ...



U.S. Budget Deficit - Good Or Bad?
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... would be eliminated and the economy which was much larger than the amounted debt would quickly absorb it. The last time the budget ran a surplus was in 1969 during Nixon’s presidency. Budget deficits have grown larger and more frequent in the last half-century. In the 1980s they soared to record levels. The Government cut income tax rates, greatly increased defense spending, and didn’t cut domestic spending enough to make up the difference. Also, the deep recession of the early 1980s reduced revenues, raising the deficit and forcing the Government to spend much more on paying interest for the national debt at a time when interest rates w ...



Minimum Wage
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... AFL, the National League of Women Voters, and the National Young Women’s Christian Association. The original bill that was written provided for 1. A five member Fair Labor Standard Board, 2. A of not more than 80 cents an hour or $1,200 per year, 3. The general initiation of a 40 cents-an-hour, 40 hour workweek except in exceptional circumstances, 4. The prohibition of interstate shipment of goods produced with “oppressive child labor,” 5. The exception of agricultural workers and executives, administrative, supervisory and professional employees, and 6. Authorization of the Fair Labor Standard Board to appoint advisory committees to consider conditions in in ...



An Overview Of Chapter 7 Bankruptcy
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... and Property you sold or gave away during the previous two years. Filing for bankruptcy puts into effect something called the "automatic stay." The automatic stay immediately stops your creditors from trying to collect what you owe them. So, at least temporarily, creditors cannot legally grab (garnish) your wages, empty your bank account, go after your car, house or other property, or cut off your utility service or welfare benefits. Until your bankruptcy case ends, your financial problems are in the hands of the bankruptcy court. It assumes legal control of the property you own, except your exempt property, which is yours to keep) and the debts you owe as of the ...



Capitalism
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... times. Things such as trade, moneylending, and insurance were well known practices to them. Unfortunatly, growth of the Roman Empire prevented further development of a private business class. As power over economic growth came back to the people or lords during the Middle Ages, modern capitalism started to evolve. (The Software Toolworks Illistrated Encyclopedia) In the late Middle Ages, the medieval economy was based on MANORALISM. This system said that peasants worked on the land that the lord's owned, but everthing that was produced by them was kept in return they had to perform services or pay dues to there lord. During this time period, there ...



The Origins Of The Great Depression
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... to 1929, manufacturing increased 64%. Under the presidents Harding, Coolidge, and Hoover, Americans practiced the policy of laissez-fair. This deceitful, yet widely praised policy was followed, and allowed the economy to go on without the government interrupting or regulating it in any way. The belief that came from this policy was that the businesses that consolidated would receive larger profits from the consumer and share it in the worker's wages, who would in turn invest in the general wealth by investing in the stock market and also buying the manufacturer's goods. Even though it was true that the businesses were gaining on profits, the worker's wages wer ...



Rainforest Cafe, Inc: Outline To Rainforest Cafe Research Report
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... Bermans was acquired by Wilson Suede and Leather, a subsidiary of Melville Corporation. President and Chief Operating Officer Election. Martin J. O'Dowd was elected in May of 1995. He is the first to hold this position. As of November 18, 1996 O'Dowd has taken a 30 day leave of absence for personal reasons. Dennis Nielson, analyst for R. J. Steichen, predicts that if the leave is only 30 days there should not be a lasting impact on the company (Nielson, November 18, 1996). Background. O'Dowd is a director of Elephant and Castle Group, Inc. He was previously the Corporate Director, Food & Beverage Services for Holiday Inn Worldwide from July 1987 to May 1995 ...



Birmingham Steel Corporation
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... rod, and wire products; to increase production efficiency; and to gain control over a significant portion of its raw material sourcing. The company currently operates steel-producing mini-mills in Birmingham, Alabama; Kankakee, Illinois; and Seattle, Washington. There is also a rolling mill in Joliet, Illinois; a rebar distribution operation based in Fort Lauderdale, Florida (PESCO); steel distribution depots in Baltimore, Maryland, and Oakland and Fontana, California; and a steel scrap recycling and processing facility in Jackson, Mississippi. The company operates two high quality bar, rod, and wire production facilities in Cleveland, Ohio. Through its subsidia ...



Labor Unions
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... pay the workers and still be earning a reasonable profit. They bargain and it usually works out. Most businesses and corporations have eight-hour work days, with optional extra hours. This is not usually a topic in negotiations, but could be. Working conditions could be discussed. If workers in the factory have no heat, no lunch breaks or they are not allowed to speak, (which was the case in many sweatshops for immigrants and children in the 1920's through 1940's), then the labor unions will obviously want something done. These differences are usually settled fairly quickly, and a new contract featuring these agreements will be realized . Most contracts are in ...



Will The Global Economy Help Or Hurt The Next Generation Of Americans?
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... changed but our reaching techniques have not. Every year, students take the same courses with the same prerequisite: A good memory. True, they are teaching classes that are essential to get into a good college but are they teaching the skills that our future generation will need? Are students going to be able to problem solve? Are today's students going to be able to access tomorrow's information? Our schools teach American students to be good at memorization. To be able to spit out recorded information. "You do have the knowledge but you are basically robots with skin; machines, tape recorders that teachers use to record their information. At the end of a chapter, ...




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