The 1929 Great Depression How and Why it Happened Essay

The 1929 Great Depression How and Why it Happened - Essay Example Seeking to understand the ramifications of the Great Depression, this essay seeks to provide a comprehensive analysis of the precursors to the worst economic crisis in American history. In addition to exploring the effects of the Great Depression on American society, we will explore the affects of this event on global trade, politics, the development of Nazism in Germany, and its effects on the Soviet Union. The terms â€Å"Great Depression† and â€Å"Great Crash† will be used synonymously throughout this essay since they refer simultaneously to the same event: the economic collapse of 1929 and the ensuing economic and social crises for much of the Western developed world (McNeill 1963). In an attempt to provide a comprehensive summary of an event with international consequences and geopolitical reverberations, this essay be structured in the following manner: 1) the Great Depression of 1929 will be explained and analyzed on a global scale, looking at the tangible effects of this event on the United States and the countries of Europe (both democratic and authoritarian/capitalist and proto-communist); 2) parallels with this event and the modern economic crisis will be explored primarily through a prescriptive lens, employing the complete and definitive work on the subject, John Kenneth Galbraith’s The Great Crash. Reasons for the Great Crash/Depression will be discussed with reference to how we can learn from lessons from the past; 3) finally, we conclude with a synopsis of the research explored with an eye to the main causes of this event and their ramifications. Understanding that the Depression was an international event with global repercussions, the follo wing will analyze the varied impact of this economic collapse on both the United States and the countries of Europe. In the first four years of the Great Depression, world trade fell by an astonishing 60%. As an example of the decline in economic

Homework Research Paper Example | Topics and Well Written Essays - 750 words

Homework - Research Paper Example Innovation also calls for employment of qualified personnel, who brainstorm to come up with better products and ensuring excellent services to consumers. Companies achieve innovation through creation of new goods or services that disrupt consumers buying patterns or through incremental improvements on the existing products thereby increasing their life. This paper discusses the crucial role balanced scorecard plays in communicating organisation strategies and hence achieving innovation and competitive advantage over other companies. ... et targets and get above it Every two weeks Operations metrics It establish whether operations are flowing as scheduled and avoid last minute surprises on orders Every day Learning and growth (Employees) perspective Employees satisfaction Evaluate employees to establish their level of satisfaction Every month Employees turnover or retention Get a report from HR of recruitments and exits of employees Every six months Level of organisation capability Empowering employees through training and encouraging them to further their education improves an organisations capability Make it a policy for employees to engage in learning activities Nature of organisation culture or climate Enables employees to coexist harmoniously with one another, create a satisfied team, and motivated team Maintain a motivated team Technological innovation Reward employees for invention of new products and introducing new ideas Every time it happens A balanced scorecard is the face value of an organization that con nects strategic objectives to one another. According to balanced scorecard institute website, â€Å"A balanced scorecard identifies the connection between creative capacity, efficient product development processes, improved customer and stakeholder value, and financial outcomes† (â€Å"Balanced scorecard institute,† 2000.) The above score card incorporates the mission and vision statements of a company, which form part of the strategic objectives. A vision statement of a company explains the reason for being. It inspires people to achieve more that they actually thought possible, allows stretching of resources to increase profitability, and unite employees towards a common goal. A vision statement forms the foundation of an organization values and influences its strengths and weaknesses. On