Capitalism Assignment Example | Topics and Well Written Essays - 1500 words

Capitalism - Assignment Example Various companies reduced their labour force while others fully shut down leading to massive loss of employment. The economic depression led to loss of business and closing down of many businesses, which led to decline in tax revenues. Many organizations and individuals were also unable to pay their taxes, which made things worse. Prices of goods and services also declined, and profits not witnessed. Crop production fell with most farms affected by drought, which saw the fall in crop prices. The hardships witnessed and non-remittance of taxes forced people out of their homes creating a situation of homelessness. Situation of unemployment and homelessness seriously affected the poor in the society. The economic activities in many countries were markedly affected with many sectors facing problems. Construction industry in many countries slowed and even stopped owing to materials and labor force needed. Farming in a rural setting was also affected by drought and financial inability. Farmers were not able to pay off debt accrued from production expenses due to poor production and fall in crop prices. Among the sectors affected is the mining and logging sectors, which faced drastic, negative effects due to decline in demand for its products, most were forced to cut down on their activities with others closing up, which further affected unemployment. The ending of the great depression was witnessed by different countries at different times, but it was with the advent of WWII. There is believe that government spending in the war stimulated the economies of various nations. The war required production of various products to be used in the war and agricultural goods to be consumed. The sourcing of labor to participate in the war aided in solving the unemployment problem. Women and men who did not participate in the war also got the opportunity to work in the local industries (Maddison, 2007).

Kuwait and US Universities Essay Example | Topics and Well Written Essays - 1000 words

Kuwait and US Universities - Essay Example Education is funded by the Federal, State and Local governments. Education up to high school is compulsory from the ages of five to eighteen. In Kuwait education is funded by the government, and has 8-9 years of compulsory schooling for all children, The Kuwait evaluation and certification system is adopted from the British and American curriculum and the government usually hires teachers from these two countries. This has resulted in developing a comprehensive education system that takes the specific requirements of the region into consideration and educates the youth by consultation and their active participation in the education process. The system also strengthens communication and propagation for reform and addresses â€Å"technical details† for the proper implementation of the education system in the context of recent innovations in technology and the social sciences. In the States education is easily available, with school curricula, funding, funding and policy matters being determined by the school board which has jurisdiction over all schools in its district, with guidance from state legislatures School districts are separate from other local legal authority, with independent budgets and officials.Decisions for educational and testing standards are made by the state government. ... The government of Kuwait provides scholarships for students who qualify and are accepted by Universities in the West, especially in the United States and Britain. In the United States, the age for compulsory education varies with states, and the requirements for essential education is met by educating children in public state certified schools. In most schools in America, education is carried out at three levels, elementary, middle and high school. In all levels children are divided by age, and the exact range of students in different grade levels is different from state to state and area to area. Kuwait has made tremendous strides in education considering that there was absolutely no formal education available at the beginning of the 20th century. Education consisted of a few religious schools that taught reading the Quran, including some basic writing and arithmetic. Because of revenues from oil exports, Kuwait prospered and the government started providing formal education to its citizens. This greatly encouraged education and by 1950 there were more than 65,000 boys and girls studying in many schools. In 1965m following the implementation of a formal constitution for the country, education was considered a basic right for all citizens, and was made compulsory for children between the ages of 6 to 14. The Ministry of Education in Kuwait has prepared a long term education strategy up to the year 2025, to prepare its citizens for life in an increasingly globalised world. The government is also providing training for women to promote female participation in the affairs of the country. In the United States there are more than 85 million students enrolled from kindergarten to graduate schools. Amongst them a few million were also studying in private