Essays on Political Economy

In recent years, a debate on whether or not America should keep the penny has arisen. Numerous Americans are in favor of keeping it due to sentimental value, while others say it is just too costly. There are multiple upsides as well as downsides to…

Michael Moore from the very beginning puts one problem above the rest – it’s a mortgage. It is in this area that the financial structure has created a gap, which in turn served as the beginning of global changes in the US economy. However, Moore…

The implementation of capitalism throughout history has created a heritage of greed among the financially elite, manifested a tradition of inequality among social classes, and caused financial instability among the middle class. Capitalism allows for the formation of monopolies and the exploitation of the middle…

I think we all have dealt with having to wait in line at a grocery store or at a coffee shop and having to just stand there while somebody counts out each and every cent. Not to mention the constant hassle these coins cause. They…

Communism or Marxism in another word is an ideology that has been in existence since the dawn of time, but the works of the German philosophers Karl Marx and Friedrich Engels are what made communism be referred to both of them in general and Carl…

A prosperous economy is solely reliant on the structure of a government’s economic system. Amongst the 195 countries worldwide, an astronomical amount of governance systems are available for use. Of these structures, many are implemented into our current model of the state. Some include the…

Capitalism is an economic system that came from Europe (Crossman, 2019). It is an economic system where private companies control the trade and industry, rather than the state (Crossman, 2019). The means of production are controlled by the people that hire workers (Crossman, 2019). In…

The new processes of steel refining and the inventions in the fields of communication and technology brought about a change in the business landscape in the 19th century. The exploitation of these technologies provided opportunities for tremendous growth. The business entrepreneurs, with their financial backing…

From 1875 to 1900 capitalists were praised by the richer class, being called “Captains of Industry,” but despised by the poorer class, being called “Robber Barons.” Capitalists post-civil war shaped a portion of our American industry that we know today. Throughout late 1800’s to early…

Big business, science, and technology help to promote industrial growth in many ways. First they all let industries increase their efficiency and production rate because on new inventions and advances in doing things. Some new inventions were the Spinning Jenny and Cotton Gin which both…