Compare the great depression and to the great recession Essay

Compare the great depression and to the great recession - Essay Example After the speculative boom of the 1920’s, Americans invested great amounts in the stock market. However, these were primarily financed through loans and almost two-third of the nominal value of stocks was represented by loans in 1929. Accelerated share prices motivated greater investment as people speculated that share prices would continue to escalate. Consequently, an economic bubble developed and the margin buying meant that investors would incur great losses if the market took a downturn. Similarly, the Great Recession resulted from speculation about mortgages and securities. It was a consequence of providing loans for homeownership to uncredit-worthy people. Mortgage loans were secured with mortgaged securities; so because of margin buying, banks were on the verge of bankruptcy when the market went into recession. Milton Friedman in his book, A Monetary History of the United States advocates that the Great depression was not a consequence of the economic cycles, tariffs o r the Wall Street Crash (Friedman and Schwartz). In fact, what thrust the country into depression was the collapse of banks and financial institutes. Apparently, the same can be said for the Great Recession. More than the actual effects of the Wall Street Crash of 1929, the psychological effects deterred investment in the capital markets. In turn, business security affects job certainty so that is why a decrease in capital investment led to a decrease in consumption. However, the Wall Street Crashes did cause bankruptcies, restriction on credit, failing businesses, rising unemployment, decreased money supply and the like. Likewise, the Great Recession led to a decline in international trade, increased unemployment, and dropping commodity prices. The chain of events from significant federal spending to tax increases only aggravated both the crises. Thus, the leaders targeted the scapegoats such as the Wall Street Bankers for the crises.

Service Project for Diabetes Essay Example | Topics and Well Written Essays - 750 words

Service Project for Diabetes - Essay Example (CDC's Diabetes Program). Diabetes normally strikes persons above forty when the body system begins to slow down and physical activities decrease. A careless, sedentary lifestyle further aggravates the risks and complications arising out of this ailment. Lack of control and medication adversely affects the eyes, kidneys, heart, the nervous system and blood vessels. Diabetes can also be hereditary. The best way to prevent or control the disease is through a regimen of regular physical activities, diet and maintenance of normal blood sugar level and medical care. For type-2 diabetes, there are chances to delay or even prevent the development of the disease through modest lifestyle, regular routine of physical exercise and improved nutrition. (Nancy Jane Heilman, p.9). Economically backward and illiterate groups such as aborigines and tribes are more vulnerable to the ravages of the disease, since there is little to serve as inducements to incorporate changes to control and treat diabetes for healthier standard of living. The target Hispanic group in the South Valley District urgently need counseling and care in organized, time-bound manner so that they not only get access to medical care but also the opportunity to suitably modify their lifestyle necessary in controlling the disease. This is easier said than done among communities strongly rooted in age-old, traditional way of living However, it is very important to educate the community to alter their life style. A consistent schedule intertwining diet, physical activities and check up, daily follow up and feedback is bound to produce results. Initially, all activities must be geared to building relationship and winning the confidence of the community and learning their way of life. The cost factor The annual cost of treatment per patient works out to approximately US$3500 in tribal areas. Since the community is backward and poor, the cost must be borne by the health department through government and other donor grants. (The Provincial Diabetes Plan, p.8). Create awareness The purpose of the project is to reach diabetic patients within the Hispanic community and provide them with medical care and instructions on dietary intake and physical activities that help sustain a healthy lifestyle. It is critically important to educate them about the risk factors in the absence or avoidance of dietary controls and medical support. Further, inform them about the modifiable and non-modifiable aspects of diabetes, that is, certain factors like eating habits, stress, smoking and consumption of alcohol are modifiable, but hereditary, family history, gender and age are non-modifiable. To begin with, shortlist the names and other data of individuals displaying symptoms of diabetes from medical records available with primary health care centers and other health care agencies. Educating the community about diabetes is just as important as educating the individual patient. Besides, there are others who may not be diabetic but benefit from timely intervention to prevent the disease. Hospitals, dispensaries and other health care units' involvement is mandatory in order to successfully organize a 12-weeks'