1. Topic: "Want to Avoid another Depression? Try understanding the first one."
2. Summary: In the article Robert S. McElvaine talks about the causes of the Great Depression. The author talks about the Great Depression as if it's eventually going to happen again because of the weak government and believes that what caused the Great Depression is the cutting, spending, and avoiding tax increases rather than making an effort to make a full recovery. He is analyzing that the drastic cuts in federal spending that some Republicans are demanding, in exchange for an increase in the debt ceiling, would be a repeat of the mistakes that prevented a full recovery in the 1930s and then caused another collapse in 1937.
3. Evaluation: This article connects to the reading because the writer of the article talks about how cutting jobs and cutting spendings doesn't really help a recovery from the depression because it keeps the debt ceiling at a steady place so it can't improve or get worse. So while the people in the Great Depression are jobless, it really isn't necessary because the economy needs those jobs to recover the economy. Just like how Tom Joad in Grapes of Wrath doesn't have a job anymore and lost his house, he really needed that to pay the government so that the debts could be paid off and eventually recover. The whole point of the article is that the economy tried to restore the money in the Great Depression but did it the wrong way.
Citation: McElvaine, Robert S. "Want to Avoid Another Depression? Try Understanding the First One." Washington Post. N.p., 10 July 2011. Web. 05 Dec. 2013. <http://articles.washingtonpost.com/2011-07-10/opinions/35267544_1_great-depression-new-depression-economics>.
PartPart III: Philosophical Questioning
1. 1. 1. Did you feel as though the author of the article was wrong about his opinion that the Great Depression was handled in the wrong way by the economy and their approach to recover it?
22222. Do you think that it was nessesary for Americans to lose their houses, elements in their lives that they desperately invested in, and valuable belongings to contribute to recovering the economy? Why?
33333. If you were in the Great Depression, would it seem reasonable to work twice as hard for half of the deserved money because of money depletion? How would you react? Would you still work?
2.2.
Part Part IV: Discussion
DiscA discussion with my mother.
Part Part V: Reflection
1. 111. The most memorable moment of my discussion is how my mother was relatable to how interest rates work and she emphasizes that if interest rates were lower then people would be able to pay off their items. She says that because of interests rates being so high and expensive, those who can no longer afford it don't pay for that item anymore which gets the economy in debt because they loaned money to get the item and it's not paid off.
22222. The most satisfying part of the discussion is how involved my mother was. I expected her to be this involved though because she is very passionate and intelligent I knew she would know a lot about the Great Depression. She really contributed to the discussion and I learned some things from her such as interest rates and her own experiences with owning housing and making car payments and how she related to them to the economy and how the economy is effected when loans are made and are not paid back.
33333. I need to improve my questions by making them more focused and I also need to find a better article that relates to the concept more.
Part Part IV: Discussion
DiscA discussion with my mother.
Part Part V: Reflection
1. 111. The most memorable moment of my discussion is how my mother was relatable to how interest rates work and she emphasizes that if interest rates were lower then people would be able to pay off their items. She says that because of interests rates being so high and expensive, those who can no longer afford it don't pay for that item anymore which gets the economy in debt because they loaned money to get the item and it's not paid off.
22222. The most satisfying part of the discussion is how involved my mother was. I expected her to be this involved though because she is very passionate and intelligent I knew she would know a lot about the Great Depression. She really contributed to the discussion and I learned some things from her such as interest rates and her own experiences with owning housing and making car payments and how she related to them to the economy and how the economy is effected when loans are made and are not paid back.
33333. I need to improve my questions by making them more focused and I also need to find a better article that relates to the concept more.
No comments:
Post a Comment