CHA3U : U.S History : Event on Stocks Market
Answer:
Article 1
Stocks market
According to (Prang & Clair, 2018) the stock investors on Tuesday had a reason to cheer up after the US stocks rose to make this month a start of a high earning season. According to data collected, many seemed to have improved earnings. About 20% of the companies in the stocks market index, there have been higher expectations on their total earnings and revenue. The very strong result generated by google parent alphabet assisted in setting the upbeat pace in stocks market on Tuesday.
A similar event on stocks market can be dated on October 29th 1929. However, in this event, people who had invested in stocks market had a quite different experience after the stock prices plummeted. They who had purchased their stock on savings had little savings left while those who used debts to invest in stocks could not pay back the debts.
Article 2
Gender Equality
According to (Yeginsu, 2018), there has been a debate on equality over the issue of pay between men and female stars in the United States. It’s claimed that men’s gender is being appreciated more than women’s thus demand for equal treatment. A year after these issues, BBC has seen the need for strategising on ways of closing the gender gap. Their aim is to achieve a 50 -50 split pay list for both male and female broadcasters. Although the number of men being paid higher is more than that of the women, at least the company has included some women in the list of the top paid broadcasters.
This event is similar to an event in the 1960s where in the US, women’s rights movements were established. The movement was preaching and calling for equality and a sense of identity on women. It fought against gender discriminations on work, women could enter politics, they demanded an equal pay for all women the same way men in the same position were being paid.
Article 3
Workers condition
According to an article by the (United States Department of labor, 2018), the report indicated that workers have better working conditions and better benefits. Workers in the US benefited with the provision of medical care which was rated 69% efficient for private industries and 89% on the public sector. They are also allowed to benefit from paid leaves, vacations and holidays as ways of showing concern on working hours. Sick leaves are also available for both private and public organizations. Retired worker are also been served with better retirement benefits.
On the other hand, this case can be related to a similar event carried out at 1933 through national industrial recovery act. This initiated withdrawal of unfair working conditions, the establishment of minimum working hours for the US bases workers and guarantee on the right of labour to bargain collectively. (Encyclopedia Britannica, 2018)
Article 4
Agricultural overproduction
There has been an overproduction of rice in the U.S. this has been attributed by the increased farmers practising rice farming. This has been termed as a mistake by the U.S farm agencies since it will consequently lead to a decrease in the price for the rice. Farmers are being advised not to overproduce. (Smith, 2018)
This event is related with one of the U.S history 1302 discussing the same issue on agricultural overproduction. In this event, farms and factories overproduced their agricultural products that saw the products being more than demand thus reducing the prices of the agricultural products.
References:
Encyclopedia Britannica. (2018, July 12). National recovery administration. Retrieved July 25, 2018, from Britannica: https://www.britannica.com/topic/National-Recovery-Administration
Prang, A., & Clair, B. S. (2018, July 24). Earnings Boost U.S. Stocks. The wall street journal.
Smith, R. (2018). Demand should remain fairly good as the U.S. and global economies continue to show strength. Delta farm press, 3.
United States Department of labour. (2018, July 20). Employee Benefits in the United States Summary. Economic news release, 1.
Yeginsu, C. (2018, July 11). BBC Closes Gender Pay Gap, but Men Are Still Its 12 Highest-Paid Stars. The new york times, 1-7.
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