How do Americans cope with declining or stagnant incomes What are the responses from consumers, businesses, banks, etc.

How do Americans cope with declining or stagnant incomes What are the responses from consumers, businesses, banks, etc. It is possible to remember several situations when income of the US citizens declined or was stagnant. Remembering the crisis of 1930s, the reaction of US government should be stressed. People were affected by the changes in power and ideology. Great shifts in the government took place and many economic problems were solved by the government as its role in the country’s economy increased.Advertising We will write a custom essay sample on How do Americans cope with declining or stagnant incomes? What are the responses from consumers, businesses, banks, etc.? specifically for you for only $16.05 $11/page Learn More A new wave of crisis with the similar characteristics took place after the World War II. That time government reacted to the income stagnation or even decline by â€Å"an active fiscal policy; providing an extended social safety net for low-income people; and regulating business activity† (MacEwan and Miller 39). These measures were di rected at regulating the total demand by means of regulating the taxation and government’s spending. Government did all possible to assist US citizens. After the Second World War the situation began to improve due to the international relationships which expanded and developed. It allowed the country to become stronger in the limited period and to make sure that situation is going to increase. In summary, the following actions were done after the situation in 1930s’. Unionization was promoted, government increased its regulation of industry and finance, minimum salaries were established just for social security, to restrain unemployment. The banks were considered as the strongest ones, which are too big to fail. Absolutely different situation has occurred in 2008. The declining and stagnation of incomes could not be reacted by the measures taken by the government in 1930s and after the World War II. It should be stated that â€Å"consumer spending declines as income r emains stagnant† (The Associated Press). This is the phrase taken from the title of the newspaper from November 30, 2012. It should be stated that the affect of the crisis remains up to now and the economy just starts to recover. The reaction of the population to the stagnation was a complete limit of spending. People bought only the things of the first necessity and did not have an opportunity to spend more. Additionally, limited employment and high prices on gasoline also restricted people in their actions. Looking at the existed situation, it may be stated that international trade in this case does not support the country but creates higher competition at the market which is not a positive factor. Moreover, immigration creates additional problems at the labor market increasing the demand. Businessmen cautiously conduct their activities.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The banks and the government try to react, supporting population, however, slow pace of economic growth may not be implemented. Therefore, it should be stated that the same actions of the government which were taken in 1930s’ do not work today. The economics has changed and if in 1930s’ government had an opportunity to affect the financial situation in the country, nowadays, it seems impossible. The consumers limit their expenses, the banks are interested in returning their money, the government does all possible to secure both citizens and banks, however, it is a very complicated affair which is still successful, but not with the desired speed. Regulating some aspects of the economics, the fiscal economical situation remains as it is. Business in the current conditions cannot develop successfully (The Associated Press). MacEwan, Arthur and John A. Miller. Economic Collapse, Economic Change: Getting to the Roots of the Crisis. New York: M.E. Sharpe, 2011. Print. The Associated Press. â€Å"Consumer spending declines as income remains stagnant.† The Oregon, 30 Nov. 2012. Web. https://www.oregonlive.com/business/2012/11/consumer_spending_declines_as.html

Colorful Words from Latin

Colorful Words from Latin Colorful Words from Latin Colorful Words from Latin By Maeve Maddox Among the many Latin words that inform the English vocabulary are several that derive from Roman words for colors. 1. White Latin albus gives us: alb (noun): a white vestment reaching the feet and enveloping the entire body, worn by clergy, servers, and others taking part in church services. album (noun): a bound or loose-leaf book usually with mostly blank pages. The Romans also had the word album: a blank tablet on which the Pontifex Maximus registered the principal events of the year. The Germans were the first to adopt the word album to refer to an autograph book or scrapbook to keep souvenirs in. Youngsters used to digital music albums may not know that the original â€Å"record albums† resembled books with pages. (Do I need to define that other strange concept, â€Å"book with pages†?) albumin (noun): a member of a class of simple globular proteins that are soluble in water. Albumin (also albumen) means â€Å"egg white.† 2. Yellow Latin aureus denoted a golden yellow; croceus was a saffron yellow. These colors give us: crocus (noun): a small spring flower grown from a bulb. Crocuses come in yellow, purple, and white; the flower takes its name from the yellow ones. aureole (noun): the gold disc that surrounds the head of a saint in a painting. By extension, an aureole can be any kind of radiating light surrounding something. In astronomy, the light that peeks out at the edges of the sun during an eclipse is an aureole. 3. Green The word for green, viridis, gives us: verdigris (noun): a green or greenish blue poisonous pigment obtained by the action of acetic acid on copper and used chiefly in antifouling paints and formerly in medicine. verdant (adjective): green with growing plants. Lush lawns are often referred to as verdant. 4. Black Two words for black, niger, â€Å"black or very dark brown† and coracinus, â€Å"raven black,† give us: Negro (noun): A member of a dark-skinned group of peoples originally native to sub-Saharan Africa. negroid (adjective): of, resembling, or related to the Negro race. corbin (noun): obsolete word for a raven. corbie (noun): A word for raven or crow in Scots dialect. You may know the word from having read the ballad â€Å"The Twa Corbies† in which two carrion crows discuss dining on a fallen knight. corbel (noun): a structural piece of stone, wood or metal jutting from a wall to carry weight. It’s a kind of bracket. Its relation to the Latin word for black is tenuous. Corbel from Latin corbellus, which is a diminutive for corvus, â€Å"raven.† The architectural feature gets its name from the â€Å"beak-like appearance of the structure.† What about red? Latin had so many words for red, and English has so many words derived from them, that I shall save red for a post of its own. Related posts: Colorful words from the Greek Take Care with ‘Album’ Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:10 Grammar Mistakes You Should Avoid60 Synonyms for â€Å"Trip†Treatment of Words That Include â€Å"Self†