Economic Experiences Essay Example | Topics and Well Written Essays - 2500 words

Economic Experiences - Essay Example The US has had its moments of ups and downs in its economic experiences. Asia, Africa, and Latin America have had their seasons too. Some economic experiences that happened in some of the Asian countries in the 90's are being repeated in the US and Africa. In the same Vein, some popular and unpopular American economic viewpoints are also replicated in other countries worldwide (Columbus & Wusu, 2006). For beginners, the United States economy is the most important national economy in the whole world today. By the end of 2007, its gross domestic product (GDP) was approximated to be over $13.8 trillion. The European settlements in the 17th and 18th centuries form the basis of the United States economy. America had many colonies which evolved from insignificant majestic economies to a miniature, autonomous farming economy. In 1776, these colonies became what is today known as the United States of America (The U.S. Economy, 2007). From its inception, the United States developed into a gigantic, amalgamated, and industrialized nation which today comprises over a quarter of the total global economy. The huge growth has been necessitated by among other factors, endowment of enormous natural resources including coal, oil, and timber, possession of huge area of highly prolific farming lands, a large united market, a good entrepreneurial spirit, and a obligation of devoting in human and material capital (The U.S. Economy, 2007). The United States economy has its own advantages and limitations when compared to other economic experiences witnessed around the world, especially in Asia, Africa, and Latin America. Following the great depression of the 1930's, the economy experienced hard-hitting recessions. Periods of high unemployment and slow economic growth rate were recorded in United States economy (Lee, 2002). When government officials realized the dangers posed by the recession, they responded by reducing taxes to enable consumers to spend more. The government also facilitated a swift growth in the money supply thus encouraging more spending. This offered a remedy to the woes facing the economy at that time. The economy continued to grow steadily until 1970's, when inflation fears were acknowledged mainly due to the economic anguishes brought about by major price increases and the Vietnam conflict. Instead of fighting recession that was threatening to destroy the gains made on the economy, government officials made efforts to control inflation by opposing tax cuts, curtailing growth in the money supply, and limiting spending (The U.S. Economy, 2007). Fiscal policy was widely used by the government to control and stabilize the economy in much of the 1960's. Government officials, including the president and members of the United States Congress manipulated state revenues to influence the economy. High unemployment, huge state deficits, and acute inflation levels witnessed during this period weakened the public's confidence in fiscal policy as a mechanism for controlling the

Ecology - Life Without The Sun Case Analysis Research Paper

Ecology - Life Without The Sun Case Analysis - Research Paper Example Hydrothermal vents facilitate chemical processes that make possible the formation of several valuable mineral deposits and extreme heat down there serves as an alternative resource for electricity production. This new discovery has attracted the attention of humankind to these sites. It is not an unknown phenomenon that activities of humans continue to directly or indirectly affect the environment. Just like the depletion of the Ozone layer through harmful industrial and other activities, disturbance of aquatic life through mining, and decrease of depths of streams due to sediment formation leading to floods; this new development presents another disturbing prospect of being a danger to ecology and environment. The harsh reality that surfaces is that mining these vents for energy sources remains to be highly disruptive to the ecosystems that depend on it. The case study points out that the only source of energy for the species in this dark environment is through the extreme temperatu res produced by the vents. Bruce Marshall uncovers the ugly truth by saying that â€Å"if a vent is capped and the supply of heat and nutrients to the surrounding community is cut off, it will die† (Kraemer, 2009). Moreover, sediment plume and dissolution of heavy metals into the water and food chains will contaminate filter-feeding marine organisms and eventually lead to mortality of these species. Biologists are underlining recent findings for the protection of these species. Biologist Lauren Mullineaux explains one such research by stating that the focus can be put to facilitate the larvae from the vent animals as it can travel very far and assists in establishment of new colonies of life. Other scientific plans that can be adopted to protect the eco-systems is to establish temporary refuge away from the mining sites where the species could be assisted to relocate and to install appropriate artificial substrates so