"The Debt" Film Review
Enjoy!!
Its clear to see how our worlds have changed in so many ways but do we as teens understand the changes we make in our lives, so that you as our next generation, can understand that though we didn’t always make the right decision, we never turn a blind side to the problems around us, by understanding the problem, we should able to change our thinking and put ourselves on the path we always wanted to be on by knowing we were wrong and correcting our mistakes on our own. She also taught me that though we don't always choice the right path at first, once we get our head in the right state of mind, we'll be sure to get it eventually. Hopefully other teens who have faced the same issues and dilema have found their way and fully understand that the authority is only trying to protect us and it's our job to listen so that we may one day pass it on and if not then hopefully if somebody is watching you create your mistakes, they'll see what they must do in their lives to make it better the way it should be.
Welcome to the Great Depression. Home of failed banking, A Giant Dust Bowl and a plummeting stock market.
In this picture: All three of those major events were represented. You can see empty bank vaults, A giant bowl of dust, and a stock market crumbling.
These are some of the main causes of the Great Depression.
Welcome to the Great Recession. Where bankers, who are blinded by greed, make poor decisions and eventually affected all of the world.
In this picture: You can see an upside-down House which represents the the decreased cost in Houses. Then there is the bomb between the C.D.O's which show the risk and eventual explosion (the bad one) of the housing market.
The Great Depression - Side Effects will include:
Decrease in consumer confidence.
Disappearance of the middle class.
Massive increase in homeless people.
Massive increase in unemployment rate.
The Great Recession - Side Effects will include:
Decrease in consumer confidence.
Decrease in house costs.
Increase in unemployment rate.
Increase in uncomfortable way of life.
F.D.R. 's New Deal.
In this picture:
You can see two houses that are split by a river or moving body of water. On the right it's city that's represented by a house. On the left is a house that represents the countless amounts of homes without electricity in more rural area. This moving body of water is generating electricity. Notice how The houses are clean and are easy on the eyes. In F.D.R's new deal, he focuses on making the way of life better for everyone in the United States. Painting Murals, providing AID to states and creating jobs.
Obama's Stimulus Plan / Recovery Act
In this picture:
You can see the word "Tax" being cut. This represents what the Stimulus Package Did. It cut a lot of taxes for the middle class. The Words unemployment benefit speaks for itself. Then there was the educational aspect of the package. It provided a lot of school districts around the country money to help keep the educational program strong. This is represented by the "modern high school" in the very center of the paper. It looks as though it's being constructed.
The Verdict:
The New Deal came in three parts:
Relief, Recovery, Reform.
Relief comes in the form of short term acts that, more of less, poured water on the burn area. It alleviated the suffering of most people in the country. Things like the Tennessee Water Act fall under this category.
Recovery comes in the form of long term acts that, more of less, put a bandaid on the burn area. IT protected and strengthened the economy. Things like the National Industrial Recovery Act fall under this category.
Reform comes in the form of prevention acts, that more or less, put a huge bubble on the whole person. It protected the economy from future great depressions. The emergency banking act falls under this category.
Obama's Stimulus Plan:
The primary object of this plan was to save and create jobs immediately. This protected businesses.
The secondary object of this plan was to provide temporary relief to those who were hit the hardest by the recession, then invest in things like infrastructure, education, health, clean energy, federal tax incentives and unemployment benefits.
The Contrast/Comparison
The New Deal was huge compared to the stimulus. It covered more areas and focused on better the way of life for citizens in America. The stimulus only focused on protecting and creating jobs. Then again, there's only so much you can do when reforms from 60+ years ago still hold strong. The New Deal also had a more direct effect on the economy. Change was noticeable. The stimulus is a more subtle change. There is also one key difference between the two. The New Deal focused on rebuilding the middle class while the stimulus focused on keeping the middle class afloat.
The Success and Failures:
The New Deal succeeded in many ways. First, it did prevent another depressions with it's fail safes. Second, some of the reforms are still helping people today, especially those getting their electricity from dams. The creation of government jobs still hold to this day.
The Stimulus is on going. However, from what's been going on, it seems like it's succeeding. Just today, the unemployment rate dropped to 7.7 percent. We predict that it will succeed in the future and strengthen America's Economy. One thing to notice: This stimulus seems resemble the New Deal in terms of the Recovery part. It doesn't seem to have any sections to prevent future recessions however.
The New Deal = For the people.
The Stimulus = For the wallets.
Blinder, Alan, and Mark Zandi. "How the Great Recession was Brought to an End." How the Great Recession was Brought to an End. economy.com, 27 Jul 2010. Web. 28 Feb 2013. <http://www.economy.com/mark-zandi/documents/end-of-great-recession.pdf>.
http://www.economy.com/mark-zandi/documents/end-of-great-recession.pdf
Summary: This source starts with a very long and detailed explanation with how the Great Recession ended. After going into the explanation with words it moves into a chart that shows what kind of things got cut out and how much it saved. then it moves it into, again with words, what that means for the american people. And continuous with more graphs, charts and then explanation.
Assess: From what I wanted over this source has a lot of different things. It is not broken down in the best way still its detailed. Giving a good mix of different information without being too messy. It has a lot of analysis and charts with many different things to work with for this project.
Reflect: This source has a lot of things that we can use to make this project really interesting and gives many different points. It is something that we can trust even though it is not an edu it has a lot of really good work with two pages of citations. Overall I think that its a good place to get information.
Krugman, Raul. "Responding to Recession." New York Times. OP-ED COLUMNIST, 14 January 2008. Web. 28 Feb 2013. <http://www.nytimes.com/2008/01/14/opinion/14krugman.html?_r=0>. http://www.nytimes.com/2008/01/14/opinion/14krugman.html?_r=0
Summary: This source is much shorter than the first one that I found how it still explains the way things were worked through and gives a little bit more of a basic understanding of how things happen. It is clear and well organized.
Assess: From what I wanted over this source has many things that we can use and work off of. It detailed and broken down well. I think this will be one of the things that we use to start the project off with.
Reflect: This source has a lot of things that we can use to make this project really interesting and gives many different points. It is something that we can trust even though it is not an edu it has a lot of really good work and its on the New York Times website so it can be trusted. Overall I think that its a good place to get information and it will be helpful to the project.
3. "The Great Recession of 2008-09: Year In Review 2009 (recession) : The U.S. Response." Encyclopedia Britannica Online. Encyclopedia Britannica, n.d. Web. 28 Feb. 2013. <http://www.britannica.com/EBchecked/topic/1661642/The-Great-Recession-of-2008-09-Year-In-Review-2009/286636/The-US-Response>.
4. "Center on Budget and Policy Priorities." N.p., n.d. Web. 01 Mar. 2013. <http://www.cbpp.org/cms/index.cfm?fa=view&id=3108>.