The Federal Reserve Bank and the Decline of the U.S. Economy Essay

There is perhaps no other political issue in our contemporary society that is more pertinent, pervasive, and encompassing than a nation’s economy. From the first coins used in Greece and the Asia Minor in the 7th century BCE, to the earliest uses of paper money, history has proven time and time again that the control of a region’s economy is absolutely crucial to maintaining social stability and prosperity. Yet, for over a century scholars have continued to speculate why the United States, one of the world’s strongest and most influential countries, has one of the most unstable economies. Although the causes of this economic instability can be attributed to multiple factors, nearly all economists agree that they have a common ancestor: the Federal Reserve Bank – the official central bank of the United States. Throughout the course of this paper, I will attempt to determine whether or not there is a causal relationship between the Federal Reserve Ba nk’s monetary policies and the decline of the U.S. economy. I will do this through a brief analysis of the history and role of this institution, in addition to the central banking system in general. In turn, I will argue that the reckless and intentional manipulation of the economy by the Federal Reserve Bank, through inflation and the abolishment of the gold standard, has led to the current economic crisis in the United States. Before we begin our investigation, it is imperative that we understand the historical role of the central bank in the United States. Examining the traditional motives of this institution over time will help the reader observe a direct correlation between it and its ability to manipulate an economy. To start, I will examine one of its central policies... ...iew 26.4: 683-690. JSTOR Database. Web. 18 Nov. 2010. Sprague, O.M.W. â€Å"The Federal Reserve Act of 1913.† The MIT Press 28.2 (1914): 213-254. JSTOR Database. Web. 18 Nov. 2010. Sproul, Allan. "The Gold Question." Vital Speeches of the Day 16.4 (1949): 108. Academic Search Complete. EBSCO. Web. 18 Nov. 2010. United States. Federal Reserve Bank. Frequently Asked Questions. Mar. 2007. The Federal Reserve Board. Web. 13 Dec. 2010. United States. U.S. Department of the Treasury. Historical Debt Outstanding – Annual 1791 – 1849. Aug. 2008. Treasury Direct. Web. 13 Dec. 2010. United States Constitution. Amendment 10. USdebtclock.org. U.S. National Debt Clock, 2010. Web. 13 Dec. 2010.

Love Essay

When I think about the concept of love, my thoughts are uncertain. When I think about the word love, the four letters arranged in a random pattern, nothing is simpler. Clearly, a distinct difference lies between a word and what it represents. The importance of the word love lies in the power it has over people. When asking someone what love means, not one person has a solid answer to the question. The word love is so abstract, as to which why I adore the word â€Å"Love.† While growing older, we have used the word love in many contexts. The word love can be referred to as a variety of different feelings and attitudes, ranging from just common pleasure â€Å"I loved that meal† to an intense interpersonal attraction â€Å"I love my boyfriend.† The word love can be used in numerous ways and with endless feeling. In certain situations, the word love is such an expression that sometimes one’s relationship might even depend on it. For example, If for a long time someone has not said â€Å"I love you† to a loved one, they might think something is wrong. The word â€Å"love† is a word that makes one wonder how much power one word could have. Love does not have just one meaning, but rather many different definitions. It is a word used in many different contexts, with many different levels of feelings that are unexplainable. Love is a word that is universal in every language of the world. Everyone knows of it or has used the word. Although we know of it, no person has an actual definition of it. The uncertainty of this word makes me realize how powerful the word is, even though we still seem to know what someone is trying to say. Everyone uses the word love, but never took a minute to think about it’s meaning. I adore this word and will always think about as the future generations use the word love in ambiguity.

Unruly Americans And The Origins Of The Constitution

1. Purpose of Book The main purpose behind the book Unruly Americans and the Origins of the Constitution, by Woody Holton is to demonstrate the authors view on the true intent of the Framers when writing the Constitution. Although at first glance the book may seem to uphold the idea that the framers wrote the Constitution in order to protect civil liberties, Holton has a different opinion. To avoid a one sided book, the author not only looks at the framers intent, but the struggles facing the American people. This book emphasizes the alternative interpretations offered by Americans on the origins of the Constitution. Holton’s purpose with this book was to show that the framers interests involved making America more attractive to investors. In order to do so, they purposefully made the government less democratic with the writing of the Constitution. However, with the addition of the Bill of Rights, one could argue the Framers had at least a slight concern for the American people and their civil liberties. In offering alternative interpretations of the origins of the Constitution, the author accomplishes his secondary purpose, to make the reader challenge what they know about the framing of the Constitution. Holton details the rebellion of the â€Å"Unruly Americans† against the state and national governments, using Adonijah Mathews as an ultimate example of the â€Å"common man.† Mathews’ views are presented in order to contrast the views of James Madison, whom it seems the authorShow MoreRelatedHoltons Interpretation Of The FramersDistrust Of Tyranny?1584 Words   |  7 PagesIntroduction Professor Holton purports in Unruly Americans and the Origins of the Constitution that the Framers’ creation of the Constitution represented a â€Å"slur on the capacity of ordinary citizens† to govern themselves by placing the power of the National Government into the hands of the opulent few (Holton, Unruly Americans, 278). Is Holton’s interpretation of the Framers’ intentions equitable, or has he treated the delegates unfairly in neglecting the democratic elements of the document andRead MoreThe Symbols Of The 1920s934 Words   |  4 Pagespolitical change. 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Directs that excessive fines shall not be imposed, nor be cruel and unusual punishment inflicted. ï  ½ ORIGIN AND HISTORY OF PENALTIES OR PUNISHMENTS Natural Law. This originated from God (natural law) to enforce the law that laid down in His infinite wisdom and power. He also prescribed theRead MoreGlobalization and It Effects on Cultural Integration: the Case of the Czech Republic.27217 Words   |  109 Pagesprinciples of the fast-food restaurant are coming to dominate more and more sectors of American society as well as the rest of the world[3]. The dimensions of McDonaldization Ritzer noted include, efficiency, predictability, calculability (or an emphasis on quantification), and control (especially through inhuman technologies), Ritzer says McDonaldization is a largely one-way process in which a series of American innovations are being aggressively exported too much of the rest of the world (ibid:Read MoreSda Manual Essay101191 Words   |  405 PagesConference of Seventh-day Adventists Copyright  © 2005 by the Secretariat, General Conference of Seventh-day Adventists Unless otherwise indicated, all Bible texts are from the King James Version. Scripture quotations marked NASB are from the New American Standard Bible, copyright  © 1960, 1962, 1963, 1968, 1971, 1972, 1973, 1975, 1977, 1995 by The Lockman Foundation. Used by permission. Texts credited to NEB are from The New English Bible.  © The Delegates of the Oxford University Press and the Syndics