‘Economy Business and Finance’ Archives
The Great Depression
The Great Depression The worst and longest economic crisis in the modern industrial world, the Great Depression in the United States had devastating consequences for American society. At its lowest depth (1932–33), more than 16 million people were unemployed, more than 5,000 banks had closed, and over 85,000 businesses had failed. Millions of [...]
Shopping Mall
Shopping Mall Today’s shopping mall has as its antecedents historical marketplaces, such as Greek agoras, European piazzas, and Asian bazaars. The purpose of these sites, as with the shopping mall, is both economic and social. People go not only to buy and sell wares, but also to be seen, catch up on news, and be part of the human drama. Both [...]
Globalization
New ways to look at the debate over globalization Articles in the two magazines offer new ways to examine the debate over globalization. In "The American Prospect," Benjamin R. Barber writes that discussions about globalization have focused on businesses and governments -- excluding the role of citizen-led groups. Mr. Barber, a professor of [...]
The Economy of Ancient Greece
The Economy of Ancient Greece Introduction The ancient Greek economy is somewhat of an enigma. Given the remoteness of ancient Greek civilization, the evidence is minimal and difficulties of interpretation abound. Ancient Greek civilization flourished from around 776 to 30 B.C. in what are called the Archaic (776-480), Classical (480-323), [...]
You and Your Relationship with Money
You and Your Relationship with Money What if you were in a relationship with someone on whom you depended for safety and security, but who caused you a lot of worry? Someone who came and went unpredictably. Someone you couldn’t live with, but couldn’t live without? How long would you want to stay in that relationship without having a clear, [...]
Teenage Entrepreneurs
Teenage Entrepreneurs Surveys often reveal that more than half of all the teenage entrepreneurs that have recently emerged in the United States are firstborn children, and many are from immigrant families. Some are content with modest revenues, others are primarily after big money - but most are driven simply by the desire to shape their own [...]
The Spirit of Enterprise
The Spirit of Enterprise As the human race evolved from its ancestors, many factors affected its survival and the course of its evolution. While we lacked strength and speed, we were endowed with intelligence which enabled us to acquire first weapons and shelter, then fire, art, domestic animals, crops, medicines, sciences, machines [...]
Shifting Economy
Shifting Economy Each year, countless small businesses close their doors and go into bankruptcy. The corner grocer, the little dress shop, the locally-owned sandwich shop, the bakery, the dancing school, the beauty salon: all are victims of the constantly shifting economy. They are, at times, replaced by other small businesses that temporarily [...]
Trade
Trade Trade is buying and selling goods and services. Trade occurs because people need and want things that others produce or services others perform. People must have such necessities as food, clothing, and shelter. They also want many other things that make life convenient and pleasant. They want such goods as cars, books, and television [...]
Bank Services
Bank Services Safeguarding deposits. Deposits in a bank are relatively safe. Banks keep cash and other liquid assets available to meet withdrawals. Liquid assets include securities that can be readily converted to cash. Banks are also insured against losses from robberies. But the most important safeguard is the fact that in most countries, [...]
