Ben Bernanke - Opening Statement During First Major Press Conference on Monetary Policy free essay sample

stock markets history essays

stock market's history essays Once there was a time when shares in business corporations were rarely bought and sold because few companies were considered promising financial profits (Blume 21). That is hard to believe considering almost everybody has invested in some stock today. The stock market went through some distinct changes since its inception, and has evolved into a shaping force in the world today. There is one idea that sparked the fire which produced the stock market: capitalism. Everything the stock market is, and was, rooted in the basic idea of capitalism. Without that idea, stocks and bonds would never have come to be. Capitalism is an economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market (Peterson). When a person buys a stock, which means they own a part of the company in which they invested. The average person can thereby invest in a public c ompany and receive a piece of that company's success, or failure. This process helps not only the smart investors, but the companies as well. The investors' money must go somewhere, and that place is the treasury of the company they endorsed (Simonson). The company then uses that money for its financial needs, providing the company an income in addition to simple sales profits. Then, the investors make or lose money based on how much that company makes. Basically, people invest in an idea, and make money based on how that idea performs in the real world (Blume 35-39). While the stock market is based upon capitalism, the community shunned this type of enterprise in 1792 because of financial panic (Blume 23). However, these practices were not shunned by all America in 1792. People wanted a way to trade stocks without the public stock auctions (which were banned because of lack of profits), so they tried something different than s...

Culture in the period of Renaissance Assignment - 2

Culture in the period of Renaissance - Assignment Example According to the research findings, Florentine Francesco Petrarch says that â€Å"neither exhortations to virtue nor the argument of approaching death should deliver us from literature; for in a good mind it neither excites the love of virtue, and dissipates, nor at least diminishes, the fear of death†. He criticized the rewarding of studies as he viewed this as a mere need to fulfill one’s self-confidence instead of gaining wisdom through learning. Studies can help even the weak mind in the society. Learning and studying should be given equal chances and not be left to the ones that are thought to be powerful and elite. He gives an example of Cato, he says that Cato struggled with literature; he started with Latin literature when he was young and later Greek literature when he became old. The attitude towards literature or studies changed in the Renaissance period, Petrarch is even devout fully says in the letter to Boccaccio that even the world does not accuse Paul th at his head will be turned by studies. During the period of Renaissance, the great cultural figures were men. Before the time of renaissance came women had no place in the society. The attitude of women changed during this time and some women epitomized the strength of a woman. It during this time that some women were able to produce works, achieve recognition, and defend women against male detractors. Cultural production was enhanced on the part educating the girl child. There was a very negative attitude of men towards women that educating women would corrupt their morals. She says that some men don’t base their arguments on reason, and for that matter they are wrong. Men opposing the ideology of educating a woman are viewed as the not very clever men avoiding competition from women. The attitude of women empowerment that was achieved during the renaissance time has changed the perception of educating women, though there is still some resistance even today from some men.