Macro and Microeconomics Essay Example | Topics and Well Written Essays - 2000 words

Macro and Microeconomics - Essay Example Price mechanism; therefore, solve the problem of allocating scarce resources by ensuring they are allocated through competition in a free market. Moreover, price mechanism helps industries to produce efficient product that of high quality. The competition between firms ensures that the most efficient remain on the market while its edges others that are inefficient out of the market (Moon 2013). Efficient firms produce quality goods at a cheaper price compared to the inefficient ones. The high cost of production makes inefficient industries set a price that will cover the cost of production and thus they price at a higher price than efficient firms. The high priced goods become uncompetitive in a free market and draw the firm out of business (Mukhopadhyay 2). Price also serves the function of discounting to determine the cost as well as the amount or size of a commodity. However, price comprises the joint charge of goods and the profit attached to it. Therefore, price serves to determine the amount to be produced and the effectiveness of it. Price, therefore, serves as a planning tool to making the economic decision as to where the economy is to be taken (The fundamentals of market economy self-regulation). Price also stimulates firms and industries into production process due to high profit guaranteed when a firm is involved in large scale production. Lastly, price help in the distribution of income and resources to the most efficient industries in the market.

History Final Scholarship Essay Example | Topics and Well Written Essays - 1000 words

History Final - Scholarship Essay Example Nativism typically means "opposition to immigration" or efforts to lower the political or legal status of specific ethnic or cultural groups because they are considered hostile and alien. It marked politics in the mid-19th century United States because of the large inflows of immigrants from cultures that were markedly different from the pre-existing American culture. These efforts were based on fears that the immigrants will distort or spoil existing cultural values. Nativistic movements can allow cultural survival in situations where immigrants greatly outnumber the original inhabitants of a certain place. The Emancipation Proclamation was issued by Abraham Lincoln declaring the freedom of all slaves in any state of the Confederate States of America that did not return to Union control by January 1, 1863 (issued September 22, 1862), in the ten states that was named in the second order that was issued on January 1, 1863. The Proclamation provided the legal framework for the emancipation of nearly all four million slaves as the Union armies advanced, and committed the Union to ending slavery. However, the Proclamation did not make slavery illegal. Nevertheless, several slave states passed legislation prohibiting slavery, yet slavery continued to be legal in a few sates until December 18, 1865, when the Third Amendment was enacted. The Proclamation ended slavery and paved the way for the legislation of a law that prohibits slavery in all states. The Seneca Falls Convention The Seneca Falls Convention was an early and influential women's rights convention held in Seneca Falls, New York from July 19 to July 20, 1948. It was a single step in the continuing efforts by women to gain for themselves a greater proportion of social, civil and moral rights. The push for women's suffrage first gained national prominence at this moment. By 1851, at the second National Women's Rights Convention in Worcester, Massachusetts, the issue of women's right to vote had become a central tenet of the women's rights movement. John Brown John Brown, born on May 9, 1800, was an American abolitionist and folk hero who advocated and practiced armed insurrection as a means to end all slavery. He led the Pottawatomie Massacre in 1856 in Bleeding Kansas and made his name in the unsuccessful raid at Harper's Ferry in 1859. His attempt at Harper's Ferry to start a liberation movement among enslaved African Americans electrified the nation. He was tried for treason against the state of Virginia, the murder of five proslavery Southerners, and inciting a slave insurrection and was subsequently hanged. Southerners alleged that his rebellion was the tip of the abolitionist iceberg and represented the wishes of the Republican Party. Historians agree that the Harper's Ferry raid escalated tensions and that a year later led to secession and the American Civil War. What were the major consequences of the Mexican War' How did it affect the politics in the United States in the long term' Mexico was forced to give up a vast territory, now the present-day states of California, Nevada, Utah, Arizona, and New Mexico, to the United States. The original settlers of the ceased land were left without a home; families were split in half; livelihoods