Power, Money, Mismanagement = Disastrous Results

Only available on StudyMode
  • Topic: World War II, World War I, Adolf Hitler
  • Pages : 4 (1768 words )
  • Download(s) : 558
  • Published : May 26, 2012
Open Document
Text Preview
Today I am going to talk to you all about the topics of Power and Money. A deep hunger for both Power and Money, along with mismanagement once you have them, can sometimes lead to disastrous results. Both of these aspects of one’s life are very important, and sometimes a necessity to exist. Let’s find out about the effects of lots of money and the power of business. Let’s go back to the turn of the last century when American businesses started to develop and take shape. 1920’s was seen as a time of lots of fun and entertainment; a time to make lots and lots of money as many businesses were starting up. This was the time where a lot of people saw an opportunity to invest their money in these companies. They bought stocks in large corporations. The article, “Taking care of Business” talks about how the economy boomed during those years; about how making money and spending it became a popular pastime for many Americans. It was called the “Roaring Twenties”; a fast and furious time for businesses. The stock market had started to develop rapidly and the number of banks started to significantly rise. You may remember that people started to give unique and special names for businesses and groups of people, such as some investors were called bulls. They had an ulterior motive to make quick money. The stock market was so popular that people were purchasing stocks on credit. They also paid in installments, which meant to pay a little at a time until the debt was paid off. There was also a different class of investors called the bears. They were the ones worried that the stock market was not good and that a sharp drop in prices or even a crash would occur. Hungry for money can lead to bad decisions if it is not thought through. Lorraine Hansberry demonstrates this in her book A Raisin in the Sun, in which Walter Younger and his family live in a small apartment in Chicago. Walter’s father had passed away a few months ago leaving behind $10,000. While...
tracking img