Poverty with Many Faces: a Case Study of Malaysia‚ by Ataul Huq Pramanik‚ IIUM Press‚ 2008‚ 157 pages. Reviewed by Nor Nazirah Mohamed. Introduction The book ‘Poverty with Many Faces: a Case Study of Malaysia’ by Ataul Huq Pramanik is one of the results of the hard works that elaborate the issue significantly both in theoretical and practical perspectives. The author is a distinguished economist who has a sound background both from conventional and Islamic perspectives with a special expertise in
Premium Economics Agriculture Empiricism
The Great Depression struck the United States in 1929‚ caused by overproduction and weak banks. Overproduction was caused by people manufacturing more than people could buy‚ this forced wages to drop‚ closed businesses and allowed debts to rise. Banks became weak because they gave loans to unsteady sources and gave loans to people who invested in the stock market‚ yet when the stock market crashed‚ the investors could not pay back their loan and took on debt. This forced banks to close and fire workers
Premium Great Depression Unemployment New Deal
The people of the black community experienced the Great Depression differently due to race relations between the white people and the black people. During the depression‚ dark-skinned people had a hard time finding rentals‚ let alone buying property. For example‚ the Clarke family recall being treated poorly when they were looking for a house. The other people would slam the door in their faces and leave it at that. On the other hand‚ the Jews were empathetic towards them and offered to sell their
Premium Black people Race White people
The Great Depression The Great Depression had a negative impact on America and the world. The Great Depression started when the stock market crashed in 1929‚ this was caused by over speculation in the stocks of land‚ the crash caused people to lose all the money they had invested in stocks and people started becoming poor‚ when this happened there was not enough demand for all the goods and services that the economy produced‚ “unsold goods built up and manufacturers cut production
Premium Great Depression Great Depression in the United States Franklin D. Roosevelt
The Great Depression was a worldwide economic downturn which started in October of 1929 and lasted through most of the 1930s. It began in the United States and quickly spread to Europe and every part of the world‚ with devastating effects in both industrialized countries and producers of raw materials. International trade declined sharply‚ as did personal incomes‚ tax revenues‚ prices and profits. Cities all around the world were hit hard‚ especially those based on heavy industry. Unemployment and
Premium Great Depression Unemployment Wall Street Crash of 1929
The Great Depression started in 1929 and lasted for almost ten years. It was a very long‚ and tough ten years for everyone around in America. From the rich people to the poor people‚ everybody had it hard‚ but some had it harder than others. Even though it was over 80 years ago‚ people never forgot about the hard times they went through. There may have been lots of other economic depressions in the past that America has overcome‚ but this time‚ Americans’ lives changed forever. The Great Depression
Premium Great Depression Unemployment Wall Street Crash of 1929
Poverty in the United States Liberty University Introduction to Human Services HSER 500 Dr. Alicia Akins Abstract Poverty is one of the most serious issues in the United States today. Those that are affected were once the minority of society is now emerging as the majority. The new faces of poverty would surprise many people. It is no longer the face of the pleading face of a middle-aged man on a city street holding up a sign that says “Hungry‚ Need Help.”‚ or the face of a young
Premium United States Poverty in the United States Poverty
The Great Depression in the United States was the worst and the longest economic collapse in the history of the modern industrial world‚ lasting from the end of 1929 until the early 1940s. The Great Depression saw rapid decline in the production and sale of goods and a sudden‚ severe rise in unemployment. Businesses and banks closed their doors‚ stock market crashed (Document 2)‚ people lost their jobs‚ homes‚ and savings‚ and many depended on charity to survive. Natural calamities‚ such as the dust
Premium Great Depression Unemployment Wall Street Crash of 1929
I was ten years old‚ when the effects of the Great Depression finally hit my family. My family had been doing good compared to the other families that I knew‚ but in 1934‚ my life changed for the worse. The clothing company that my father and mother had been working for was struggling and every month more and more workers were getting fired. The company didn’t need as many workers‚ because they didn’t sell as many clothes as they did before. Then one day my mother and father came home weeping‚ when
Premium Family Mother English-language films
Great Depression DBQ Great Depression DBQ During the early 1930s‚ the United States has fallen into a great depression. Banks have fallen and unemployment is at an all-time low. Nearly 40% of nonfarm workers were unemployed during the beginning of his presidency. Now a new inaugurated president has decided to take these issues into his own hands and issued a New Deal that promised relief‚ reform and recovery to the fallen nation. FDR’s New Deal was effective because he issued
Premium New Deal Great Depression