Best economic progress since WWII Essay Example | Topics and Well Written Essays - 250 words

Best economic progress since WWII - Essay Example However, its economic growth did not translate into military might since its international status was regulated by treaty powers. Indeed, German’s economy has successfully grown since the World War II. Germany did not act as decisive leader, but projected itself as a good team player, in the international affairs. The increased levels of Germany economy after the World War II, was caused by elimination of price controls, reduction of marginal tax rates, and currency reforms, between 1948 and 1949 (William 48). Before the year 1948, Germany was controlled by rationing and price controls. Price controls and rationing, which existed before 1948, were meant to buy raw materials at artificially low price. Most Germans lacked enough food due to price control on food. Currency reform, in Germany, was pioneered by Ludwig Erhard. He was determined to shape a successful economy in Germany. The currency reform led to the abolition of Reichsmark. As a result, a new currency-deutsche mark- was introduced. The currency reform was installed on 20 June 1948. Most Nazi and occupation regulations and rules were abolished to usher in a new economy; currency reform aimed at the provision of valuable store, and accepted legal tender. It also laid a foundation for West German State and economy (William

The Rise of Modern America Essay Example | Topics and Well Written Essays - 500 words

The Rise of Modern America - Essay Example Owing to these circumstances, the Caucasian populace was in a higher economical placement. However, they put effort, remain critical about their business approaches, and prompt their development. In a contrary analysis, the poor are depicted firstly, as simple-minded. This is because they derive satisfaction from small wages almost as though they are unaware of the exploitative mechanisms through which they earned said wages. Notably, the on the majority of the poor were black people because of the fact that they were on the receiving end of slavery. Riis illustrates them as being unaffiliated with religion. He insinuates that with the conditions under which they lived, no bearing within which to place faith in a higher power. He further on asserts that the poor were intelligent but had no opportunities accorded to them to prove their intellectual capacity. The authors’ perspectives are contradictory. The assessment of the poor man as per each author somewhat contradicts the n ext. Riss terms the poor man intelligent but devoid of opportunities whilst Harpers Monthly portrays them as being satisfied with small wages. In the latter, the insinuation is that the poor remain poor because they do not focus on the bigger picture. This is not a depiction of intelligence and hence contradicts Riis’s point. The democracy and new civilization that had come to America still bore no good for the poor man. This is because they were not entirely compensated for the injustice that put them in that position in the first place.