Friday, December 27, 2019

Wars Are Always Wrong Essay - 918 Words

Wars are always wrong It has been approximately 100,000 years that modern human beings first evolved in the Earth. Along with the pace of time human civilization has been diversified into different racial, ethnic and language groups. This disintegration has lead people to live in a myriad of culture which is considerably different from each other, in most of the ways. The hodgepodge of various culture, race, and language has created complex and factious human societies. From the beginning of human existence, people have been entailed in various conflicts. Now it has deeply rooted in the human civilization. These days many historians are arguing about the relationship between the human civilization and the war. In an attempt to reveal†¦show more content†¦Ã¢â‚¬Å"Wars have often been thought of as purifying the nations polluted blood by virtue of a sacrificial rite identical to the rites of human sacrifice so common in early historical periods† (DeMause 4). Apart from th is, some people have a strong notion that war is the finest approach to demonstrate the power, military and prosperity. Like, the American Civil War (1861 -1865) helped to bring out prevailing slavery system in the southern America to an end. On the contrary, other group views war as undesirable and morally problematic. These people consider that people are obligated to face unusual circumstances due to war. Even more, pacifist, take war as a naturally immoral and against the will of human beings. But instead of coming up with new approach to deal with the situation both of these divergent groups are steadfast in their position just carrying on what they are doing. The onset of war has proved to be a turning point in the history of mankind. It has brought about a bad fate in people’s life. People have been affected physically, mentally and socially. With these things on hand, it has completely changed the faà §ade of the world. Regardless of people continuous resistant to the war they have been directly or indirectly obliged to be a part of it. For example, before America was involved in the World War I, many American s were putting pressure on government not to jump into the war. Ignoring people’s request it got involvedShow MoreRelatedPoetry Explication : Dulce Et Decorum Est1039 Words   |  5 Pagesfor one’s country is horrible and wrong. For now, this may seem like a mistake, like this is all a mistake, and that the statement itself cannot possibly be what is meant to be written in the first sentence of this page. But it is supposed to be there, because there it is, bold and right. The poem â€Å"Dulce Et Decorum Est† is truly bold and right in its horrifying descriptions of what it is actually like to die for one’s country. It not only proves a statement wrong, but manages to determine countlessRead MoreDrew Mingione. Ms. Speirs. English 10H A4. April 27, 2017.987 Words   |  4 PagesDrew Mingione Ms. Speirs English 10H A4 April 27, 2017 The Continuous Cycle of War Ever since the days of Mesopotamia from the agricultural revolution, war has been a constant and important part of human life. Over time though, humans have evolved and gotten stronger and smarter which lead to more competition. War from its beginning, has consistently stemmed from the innate sense of evolutionary survival and subsequent competition, thus securing it’s inevitable perpetuation. The only thing thatRead MoreThe Lincoln-Douglass Debate1048 Words   |  4 Pagesthe issue of slavery. Douglas meant to persuade the people to accept slavery as a nationalize institution. This may have seemed morally wrong, however, Douglas understood that slavery was essential towards the country’s economic prosperity. In addition, Douglass understood that Lincoln’s speech in opposition of slavery was going to divide the house and bring war where many people would die. As a result, Douglas made clear that he believed in popular sovereignty, where the people had the right toRead MoreSlaughterhouse by Kurt Vonnegut819 Words   |  3 Pagesclaimed that â€Å"people do not realize that they are happy† (PBS NOW Transcript). Feeling that people had the wrong view on war, he felt that he needed to get the facts straight. Vonnegut believed that art can come from awful situations, and that the truth is not always easy to look at. Kurt Vonnegut wrote Slaughterhouse â⠂¬â€œ Five to tell of his experience in the bombing of Dresden, as a prisoner in war and the atrocities that occurred. Vonnegut explains that people only notice when they are unhappy. TheyRead MoreIs It The Right Thing For Me? Join The War After College?1064 Words   |  5 Pagesand wrong. There are no clear-cut, black and white answers to these questions, so we have to take it upon ourselves to do our best to make the right choices. Imagine this, your country is heading to war, and you want to help serve your country against the terrorists attacking your home. So you go to school majoring in the enimes language. However, while going through school it is discovered that your country is using extreme tactics like torturing prisoners of war. Would you still join the war afterRead MoreIs The War On Terror Ethical?714 Words   |  3 PagesIs the War on Terror ethical? Since the establishments of governments, since human societies had kings and queens, since governments were ran under a religious doctrine, there has always been conflict among different groups of people. There will always be differences among people of different cultures, religions, race and ethnicity. There has always been a division of power between people and inequality in the world. There was a point in human history that slaves were bought and sold as propertyRead MoreFallen Angels Chacter analysis1133 Words   |  5 PagesAnalysis in Fallen Angels During war, many people change physically, mentally, and socially. War itself is disturbing to the mind. In Walter Dean Meyer’s Fallen Angels, the characters undergo many changes as they learn the true meaning of war. Perry, Peewee and Johnson all change in the sense of their personalities and their outlooks on life. In the beginning of the novel all the characters have very distinct characteristics. As the story progresses they start to see how war can have a huge impact on yourRead More Absolute Power Does NOT Corrupt Absolutely Essay840 Words   |  4 Pagescorrupts absolutely. Great men are almost always bad men. This means that giving a person some power can turn them into a bad person. However, giving someone absolute power will always corrupt some and that these people are always bad. Knowing what the quote means the question remains, is the quote true? The answer is no. Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad me n. This is because nothing is always anything, a person’s bad deeds can be outdoneRead MoreGandhi: Different varieties of Pacifism Essay1334 Words   |  6 Pagesthe practice of war. Many pacifists have a commitment to non-violence in general in society, making a commitment to achieving ones goals only through actively non-violent resistance or non-aggressive means. Among these pacifists, there may also be differing views as to what constitutes violence. nbsp;nbsp;nbsp;nbsp;nbsp;There are several different varieties of pacifism including those who believe killing is always wrong, those who believe that any kind of violence is wrong, those who argueRead MoreIs Declaration of War Ever Justifiable?1185 Words   |  5 Pagesthe beginning of war among settled civilizations, the question of whether war is right or wrong has been somewhat ambiguous. Some say war is wrong in totality and should not be an option because there are no moral, justifiable grounds for the damage caused during war. Others say that war can be just. The idea of having a justifiable war is called the â€Å"just war theory† or â€Å"just war doctrine†. As early as 400BCE, within the Indian book â€Å"Mahabharata†, the notion of having a just war has been debated

Thursday, December 19, 2019

Family History Essay - 907 Words

Barbara Chicano Studies Sep 6, 2010 Family History The word migration can have a very different meaning to each individual. In the dictionary it is defined as the movement of people from one country or locality to another. I now see the word with such a deeper meaning no only is it the group of people moving, but in fact how they moved and the struggles they had to go through. Before I sat down with both of my parent and asked them about my â€Å"roots† I had no idea how difficult migration from Mexico to the US was for both of my parents families. I never took the time to listen to little details on how exactly they ended up in this country. After I took the time to listen to my elder relatives and parents talk about how they use to†¦show more content†¦My Grandfathers Pascual Lopez Mares’s parents Carlotta Mares and Jose Trinidad Lopez and Grandfather were also born in the small town of Jesus Maria, Jalisco. My Fathers parents and their nine children moved to a city named Zacatecas, in the sta te of Zacatecas when he was two. He was raised there then came to the United States when he was twenty-two with one of his brothers. Economically my parents and their families were both very underprivileged and less fortunate. It was hard to maintain a house considering the large amount of siblings they each had. Since money and space was limited in my father’s house hold they would send the boys to an inexpensive boarding school till they reached the end of middle school. My Father dropped out when he came back home. He furthered his education in the U.S, by getting his license in Real Estate and becoming a realtor. My Mother and her siblings finished high school in the U.S. My mother went to Oxnard College and became an English Teacher, but now has her nursing license and is a visiting nurse. My parents both have the highest form of education among their fellow siblings. The majority of Spanish speaking Mexicans are Christian Catholics who believe in one God. My whole family has been Catholic since anyone can remember. My great-grandparents were very involved with the Catholic Church in their community and taught my grandparents to be the same way. Both of my Grandmothers were extremelyShow MoreRelatedFamily History : Family Health History1292 Words   |  6 PagesASSIGNMENT 1: Family Health History ï  ¬ Paternal Grandfather : Overweight, High Blood Pressure ï  ¬ Paternal Grandmother: Overweight, High Blood Pressure ïÆ'Ëœ Paternal Aunt: Overweight, High Blood Pressure, Diabetes ïÆ'Ëœ Fatherï ¼Å¡ High Blood Pressure ï  ¬ Maternal Grandfather : health preson ï  ¬ Maternal Grandmother : Depression ïÆ'Ëœ Maternal Uncle: High Blood Pressure, stroke ïÆ'Ëœ Maternal Aunt : health person ïÆ'Ëœ Mother: Depression, Schizophrenia Brother: SELF: Depression, HighRead MoreCultural Family History Essay2144 Words   |  9 Pagesï » ¿ Cultural Family History Research Essay – Assimilation of Ancestors Shaina Wood GS221 Professor Edmund Pries, Professor Bina Mehta Wilfrid Laurier University Sto lat, sto lat, Niech Ã… ¼yje, Ã… ¼yje nam. Sto lat, sto lat, Niech Ã… ¼yje, Ã… ¼yje nam, Jeszcze raz, jeszcze raz, Niech Ã… ¼yje, Ã… ¼yje nam, Niech Ã… ¼yje nam! As a child I heard this jumbled collection of words flying out of my family’s mouths in song, directly after the celebration jingleRead MoreFamily History Assignment : Family899 Words   |  4 PagesFamily History Assignment The family history assignment was to enable us to gather information from a participant. Used the data collected to build a genogram going back three generation. To tell this families story by incorporating medical, spiritual, cultural, and ancestral history. Then to review the information and show areas that could be modified to decrease the risk of health problems. Family Members and Relationships Immediate family in this home include three generations. The participantRead MoreFamily Background And History : Family802 Words   |  4 PagesFamily background and history (F): As I have mentioned previously, I grew up in a divorced family from a very young age. I lived with my mom, sister and grandma for about four years until my mom remarried and moved across the country. My sister and I then moved in with my dad for about six years until I left for college. I have moved a lot in my life and it has resulted in me feeling like I really do not have a home at all, just a series of houses that I’ve lived in for a few years at a time. I thinkRead MoreFamily History : An Individual Essay1225 Words   |  5 PagesFamily history is very important to an individual. By knowing where you come from, you can have a better perspective of your life and of others. Every person has a different origin, a different story to tell, and it’s up to the next generation to share the story of their ancestry to future generations. The paternal side of my family originated in Ireland, they later came over through Elis Island and resided in Waukon, Iowa. Throughout time my family moved and expanded, as generations past the McKennaRead MoreA History Of The Gilpin Family2181 Words   |  9 PagesA history of the Gilpin Family in America From 1685 to 1810 (Change title) The Gilpin family, have been an integral part of American History since their arrival in 1695. The family, who arrived, as part of an initial large wave of Quakers in America, carved out a place in American, more specifically Quaker History. Coming to America, at the invitation of William Penn, and deeply embroiled in significant events in American History, the Gilpin s were early founders of Pennsylvania. TheirRead MoreEssay on My Family History750 Words   |  3 PagesMy Family History Family history is very important to an individual. By knowing where you come from, you can have a better perspective of your life. Having a clear understanding of your family background allows you to better appreciate the things that you would normally take for granted. The house, the car, and the average clothing may look better when one sees the sacrifices their family has made. They will see that their family has worked very hard just so their family can experience the betterRead MoreGenealogy Is The Study Of Family History1336 Words   |  6 PagesAre you interested in history? Are you interested in learning about what your relatives did before you? Genealogy is the study of family history. Genealogy is a fun yet addictive hobby. To get started in genealogy there are two steps to start searching for your family history. The first step towards starting your family tree is to gather as much information from living relatives. It is a good idea to interview as many different relat ives as you can. There are several ways one can go about preservingRead MoreMy Family History - Essay1015 Words   |  5 Pages Douglas 1 2-6-12 My family history In all of us there is a hunger, marrow deep, to know our heritage - to know who we are and where we came from. Without this enriching knowledge, there is a hollow yearning. No matter what our attainments in life, there is still a vacuum, emptiness, and the most disquieting loneliness.† –Alex Haley This quote explained to me the importance of my grandparent’s legacy and their history. A long twisting family tree inspires one who does not knowRead MoreTrace My Family History1303 Words   |  6 PagesI was able to trace my family history as far back as my Great grandparents on my mother’s side. I learned some very interesting and shocking facts about their lives and the struggles they had to endure. My Great grandparents adoptive my mother and twin sister at the age 2 because their parents were unable to care for them properly. They welcomed them with open arms and raised both of them as if they were their own. My Great grandfather was named James Allen Barnes, he was one of 5 sibling who was

Wednesday, December 11, 2019

Australian Legal and Investments Commission †MyAssignmenthelp.com

Question: Discuss about the Australian Legal and Investments Commission. Answer: Introduction: The present situation incorporates issue with respect to the recovery of amount from the directors of the company for the amount equivalent to the unsecured creditors. It is required to analyze whether the company was insolvent while incurring the value of debts to the unsecured creditors or whether the company has been in a temporary illiquidity for concluding negotiations. As per the regulations of Corporation Act and Law under section 588G, directors of the company are responsible to prevent the insolvent trading. The regulations of Corporation Act provides that the directors of the company would held responsible for contravening the section if the directors are aware for the grounds that suspect the insolvency of the company (Asic.gov.au 2017). In addition, the directors are held responsible for contravening the regulations of section 588G if a reasonable person or concerned official in the similar situation would be aware of the insolvent trading. The regulation of the Corporation Act further provides that it is essential to test the solvency with respect to section 95A. As per the regulation, it is essential to measure the ability of the company to pay off the debt when they are due (Austlii.edu.au 2017). Further, section 588H provides the regulations on proceedings required to consider for contravention of requirements of section 588G for contravention of debts. The section provides that the directors have reasonable grounds to claim the solvency of the company during the time company incurred debt. The legislation further provides that the directors of the company are entitled to demonstrate their exclusion from the significant matter that explains the chances of insolvency of the company due to substantial reasons. Moreover, it is the duty of the directors to take reasonable steps to incur debt if the director is of the view of insolvent circumstances. Considering the situation in the present case, it can be said that the Law company incurred debts to the unsecured creditors during the time of temporary illiquidity. The directors believed on the reasonable grounds that the company would be able to conclude the negotiations for purchasing the timber products. It was contended that the process of negotiation would increase in the substantial income of the company as well as the realization of the assets would be considered within 90 days period. As per the rulings in case of Tourprint v Bott (1999) NSWSC 581, it was contended that the directors failed to provide appropriate information for solvency position. It was also noted that the directors of the company failed to keep the financial record resulting in failure of identifying the insolvency of the company and therefore, directors held to breach the regulations of section 588G. Additionally, in case of Miller v Metropolitan Fire Systems Pty Ltd (1997) 23 ACSR 699, the court held that the director of the company failed to prevent the company from incurring debt. Further, the director also contravened the provision of section 588 because the concerned person in the same position was failed to disclose the actual financial status of the company (Aier, Chen and Pevzner 2014). Similarly, in the present case, directors of Finished Timber Company, Kevin and Robert claimed that the debt was not incurred during the period of insolvency but it was incurred it at the time of temporary illiquidity. However, it has been observed that during the time of incurring debt, the directors of the company failed to provide appropriate disclosures for substantial income and asset values. Therefore, it can be concluded that Kelvin and Robert contravened the regulations of sections 588G and 588H of the Corporations Act since they failed to disclose the financial information. Accordingly, the directors are liable to pay the equivalent amount to the unsecured directors based on the time of debts incurred. The given case involves an issue with respect to the fiduciary duty of the directors, Ian and Mike towards the company Windmills Pty Limited. It is required to analyze whether the director of the company as minority shareholder is liable to perform duties as per the legislations of Corporations Act. According to the regulations of Corporations Act 2001, directors of the Law company are required to perform the business activities with due care and diligence as per the requirements of section 180. The directors are required to perform business functions in good faith together by using the proper information so that the directors do not gain undue advantage for themselves. The regulations of Corporation Act further provide the duties of director to minority shareholder, which includes performance to avoid fraud, breach of regulations and bad faith (Asic.gov.au 2017). It is essential for the directors to provide reasonable notice to the minority shareholders for their participation in the meetings of shareholders. Further, the directors are required to provide rights to the shareholders to inspect the companys financial records. In the present situation, it has been noted that the business deal for asset purchase was not disclosed to Mike by Ian who has been a major shareholder in the company. Further, it was noted that the Ian sold the assets at larger price, which was not disclosed to Mike during the period of business activities. In case of Sinclair Oil Corp v Levien, it was held that the director of the company did not act fairly with respect to the parent companys business transactions (Strine Jr 2014). The director did not consider the minority shareholders for the payment of dividend and breached the contract with party. Hence, the director was held for breaching the regulations of sections 180 under Corporation Act 2001 and did not perform duties to the rights of the minority shareholders. Therefore, it can be concluded that Ian in the present situation was a major shareholder and was liable to perform the duties in terms of good faith and fair rights to the minority shareholders. Ian did not disclose the agreement details for purchase of assets to Mike and sold the assets at higher price. It was held that Ian failed to perform his duties in reasonable manner and should be held liable to pay claims to Mike. Reference List Aier, J.K., Chen, L. and Pevzner, M., 2014. Debtholders demand for conservatism: Evidence from changes in directors fiduciary duties.Journal of Accounting Research,52(5), pp.993-1027. Asic.gov.au. 2017. ASIC Home | ASIC - Australian Securities and Investments Commission. [online] Available at: https://asic.gov.au/ [Accessed 16 Apr. 2017]. Austlii.edu.au. 2017. Australasian Legal Information Institute (AustLII). [online] Available at: https://www.austlii.edu.au [Accessed 14 Apr. 2017]. Strine Jr, L.E., 2014. Making It Easier for Directors to Do the Right Thing.Harv. Bus. L. Rev.,4, p.235.

Tuesday, December 3, 2019

Labor Issues and Effects on Economy Past and Present

Unemployment and Labor Issues in the U.S.A Economy Unemployment and labour issues in the United States of America has significantly affected the economy of the United States. In January 2005, for example, the rate of unemployment rose by 0.2 percent to 5.4 percent (The Heritage Foundation, 2005). Increasing unemployment rates causes various effects on the U.S. economy. Some of the effects that unemployment has on the economy are described under the following subtitles.Advertising We will write a custom research paper sample on Labor Issues and Effects on Economy Past and Present specifically for you for only $16.05 $11/page Learn More Effects to the Economy of U.S.A The current economy of the United States of America is characterized by high rates of unemployment. According to relevant sources, the unemployment rate in the United States has been on the rise; for instance, an employment rate of 9.1 percent was reported in the month of May 2011 (The Herita ge Foundation, 2005). Although the economy has regained growth since the 2008 global recession, unemployment rates have remained high due to a weak economy. According to relevant sources, many of the unemployed people in the United States have stayed out of employment for more than six months (The Heritage Foundation, 2005). As stated by many economists, an all time high level of employment results in high costs of living to individual citizens and families. Moreover, the effect is felt by local and regional economies and the economy as a whole. The economic costs associated with unemployment will influence the strength of the economy in a significant way. In the subtitles that follow, the effects of high unemployment rates in the United States are discussed. Loss of Potential National Output Generally, high rates of unemployment lead to wastage of scarce economic resources. As a result, the overall growth potential of an economy is reduced by distinct margins depending on the sever ity. According to economists, an economy characterised by high unemployment produces within its production possibility frontier. As such, there is no recovery for the hours the unemployed people are not working. However, a reduction in the rate of unemployment leads to an increased national output; thus, triggers improvement in the economic welfare. During the third quarter of 2008, the GDP of the United States dropped by 0.5 percent. As a consequence, organizations and many businesses resorted to cutting their spending budgets in every way possible. Since human capital accounts for the highest cost of overheads, organizations started cutting their budgets through layoffs.Advertising Looking for research paper on history? Let's see if we can help you! Get your first paper with 15% OFF Learn More However, downsizing of businesses resulted in further negative GDP because layoffs reduce the organizations size and its potential output. As a result of this, potential GDP lo st resulted in additional loss of job opportunities. With the reduction in the total GDP, the United States economy has been weakening over the years. Fiscal Costs to the Government A high rate of unemployment is unhealthy to an economy because it results in increased government expenditures, government borrowing and taxation. Also, when people remain unemployed, they mostly rely on welfare benefits despite the fact they do not pay taxes. This means that the government receives lower tax revenues while its expenditure on welfare benefits for families with no employment increases. Furthermore, the unemployed people will tend to spend less due to limited funds and in the long run, their contribution to the economy in terms of indirect taxes reduces. Therefore, the government will be exposed to a gradual increase in the level of expenditure with a continuous reduction in tax revenues. The trend weakens the economy and may result in further job losses and higher government borrowing to support the economy. As a matter of fact, the New Tax Bill has many implications in the economy of the United States of America. Despite the fact that it is difficult to secure an employment with the current state of the economy, the New Tax Bill guarantees unemployed workers 99 weeks of unemployment benefits. Considering that 10% of the population has stayed out of employment for close to two years, the situation is very worrying for the nation. Furthermore, the increased government spending and reduction in revenues has weakened the economy and may result in closure of companies big employers. This can result in negative multiplier effects on the regional and local economy of the United States. Over the years, constant loss in well paid jobs has led to reduction in the demand for local services, influenced development of negative pressure on house prices, and further loss of employment opportunities. As such, consumer spending has significantly reduced because the unemployed have limited funds to spend on luxury goods. Loss of Investment in Human Capital Long-term unemployment increases wastage of scarce resources which is usually set aside for training workers. Also, the unemployed people are affected because they lose the long earned skills attained in the changing job market. As such, their chances of securing new employment in the future reduce. In its plans to create more job opportunities, the United States government will have to spend extra in additional job training. Unemployment will also result in loss of income by the affected; thus, impacts their spending ability. As a result, most of the affected people experience a decline in their ability to repay loans and their living standards deteriorates.Advertising We will write a custom research paper sample on Labor Issues and Effects on Economy Past and Present specifically for you for only $16.05 $11/page Learn More How Leaders handled Labor Issues in the Economy During the progressive era (1900 – WWI), the main distinguishing factor with the current economy was the need for reform during that period. â€Å"America directed its full attention to the problems resulting from industrialization and urban growth† (Henretta David, 2010). Progressivism was realized at the national level with the election of Theodore Roosevelt as the president of the United States. In the late 19th century, America emerged as a Great Power ranking with the European powers with respect to economic standards. However, economic growth forced America to search for outlets for its surplus products (Henretta David, 2010). This led to the need for more labor, thereby, creating labor related issues in the long run. In order to counteract the effects of labour issues in the United States, earlier presidents employed various tactics as their solutions. However, earlier presidents had a major task in dealing with the consequences of high unemployment rates. As descri bed below, presidents who had high unemployment rates experienced difficulties in securing their second terms in office (ABC NEWS, 2011): George Bush (unemployment rate of 7.4%) was defeated by Bill Clinton in 1992. Ronald Regan (unemployment rate of 7.5%) was defeated by Jimmy Carter in 1980. Gerald Ford (unemployment rate of 7.8%) was defeated by Carter in 1992. Some of the tactics used to solve labour problems are discussed under the following subtitles. Enactment of Unemployment Laws and Policies In 1935, the 32nd president of the U.S (Franklin Delano Roosevelt) encouraged deficit spending through advocating for formulation of New Deal Policies by the Supreme Court (Spark Notes, 2011). The National recovery Act was enacted shortly before it was ruled out as being unconstitutional because it vested too much power in the president. However, the president started scaling back deficit spending resulting in a second recession. As a result of the Great Depression between 1930 and 19 41, the need for establishment of a bill that protects U.S.A citizens’ employment arose. During this 12 year Depression era, a large percentage of approximately 17.1% of all workers were unemployed (Coalition for Economic and Social Justice, 2008). This meant that the economic capacity of the nation remained idle for the whole duration. The long-term unemployment resulted in the creation of the Full Employment Bill of 1946. The bill was established with the main aim of ensuring employment is provided to the last potential worker among the Citizens of the United States (NPR, 2011). Below are some effects of the Great Depression (1929-1933) in the United States (Effects of the Great Depression, 2011):Advertising Looking for research paper on history? Let's see if we can help you! Get your first paper with 15% OFF Learn More In 1933, the level of industrial production decreased by a huge 46 percent. Between 1929 and 1933, the United States GNP dropped to 56 billion dollars (1.85 times) from a high of 103.9 million dollars. As a result, the rate of unemployment increased from 3.2 percent to 25 percent in the year 1933. â€Å"This amounted to approximately 12.8 million in unemployed U.S citizens† (Effects of the Great Depression, 2011). About 135,000 companies and financial institutions collapsed resulting in 60 percent reduction in corporate earnings (Effects of the Great Depression, 2011). As a result of the depression, Franklin D. Roosevelt signed a new deal to assist in the recovery of the economy. â€Å"In his deal, he proposed for creation of new job opportunities such as painting of the post office and cleaning of the streets† (Effects of the Great Depression, 2011). Stimulus Packages to Revive Economy After the 2008 Global recession, the rate of unemployment was high and more peopl e were in the verge of loosing their employment. As a way of reducing the unemployment, president Barrack Obama introduced the Recovery Act funding that was released to boost the economy. The plan involved distribution of large sums of money into the economy that would help in the creation of new job opportunities and increase the living standards of United States Citizens. These plans quickly led to a wave of positive effects within the economy as described below: More job opportunities were created and companies started gaining positive growth. Currently, the rate of unemployment in the United States has dropped from 9.0 percent to 8.9 percent since the 2008 financial crisis. Auto manufacturers started creating contract jobs for employees in order to increase their flexibility. For instance, Chrysler auto manufacturer increased its U.S. contract labour by approximately 150 percent. The state of employment in the United States has improved significantly with indication of more fut ure growth. Conclusions In conclusion, it is inevitable to note that the long-term high rate of unemployment in the United States has impacted negatively on the economy. Unemployment has led to increased budget spending through increased welfare benefits for families with non working citizens. Also, government revenue has decreased since the unemployed citizens do not pay tax and have lower spending, which, further decreases revenue from indirect taxes. Therefore, it is important for the government to come up with long-term plans and policies that would help revive the economy and create enough job opportunities for all Americans. References ABC NEWS 2011. Lesson for Obama: History Not Kind to Presidents with High Unemployment Rates. ABC News. Web. Coalition for Economic and Social Justice 2008. The Case for a Full Employment Policy. Jobs and Justice. Web. Effects of the Great Depression 2011. Effects of the Great Depression. Jobs and Justice. Web. Henretta, James A. and David Brod y. America: A Concise History, Volume II: Since 1877. 4th ed., Boston: Bedford/St. Martin’s, 2010. NPR 2011. The Nation: Zero Unemployment Possible? NPR.  Web. Spark Notes 2011. The Great Depression (1920-1940). Spark Notes. Web. The Heritage Foundation 2005. Unemployment Rates of Modern Presidents. Heritage Foundation. Web. This research paper on Labor Issues and Effects on Economy Past and Present was written and submitted by user Archer I. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.