The Great Depression Assignment Example | Topics and Well Written Essays - 500 words

The Great Depression - Assignment Example This led to an increase in inventories while agricultural income remained relatively low. Federal regulations on the US businesses contributed to the Great Depression. This is especially because taxes laws were made favorable to large corporations. Macroeconomic policies never existed, and there was the absence of fiscal and monetary policies. Laissez-faire and hands off government were the watchwords used by the leaders. The Great Depression ended when the Federal Government of the United States imposed rationing, recruited around 6 million defense workers who included African Americans and women, ran massive deficits in order to fight World War II and drafted 6 million soldiers. Deficit spending, inflating the supply of money and the new deal of the federal government also cured the Great Depression. World War II also cured the Great Depression. The Great Depression ended in December 1941 at the same time when the World War II began. The economy had  been expanding since 1938, just less than three years before the country’s entry into the Second World War and the economy stopped expanding in 1945 before the war ended. During the war, the economy of US was a huge arsenal which led to the deterioration of the consumers well being. However, after the war, a genuine prosperity returned in the economy for the first time since 1929 making the war a cure of the Great Depression. Hebert Hoover was blamed for the Great Depression as he was not involved in the stock market issue. The depression affected him so much that he had to give much that he had to pull out his money from the stock market. He did not give government aids to the people for fear of inflating the budget of the Federal government and was forced to break off from the laissez-faire policy which was used to deal with depressions and recessions in the country. He was forced to spend more of the country’s income to help in economy rebound like the construction of the

Discuss Whether Justified True Belief Can Be Considered Knowledge Essay

Discuss Whether Justified True Belief Can Be Considered Knowledge - Essay Example Nonetheless, such engagement can also bring one to learn more about knowledge – a term ordinarily thought synonymous with the word ‘know’, when not everything we know constitutes knowledge, not even a JTB? JTB is composed of three concepts – belief, truth and justifiedness. Most basic of which is the understanding of belief, as the question of knowledge here is actually related with belief. To rephrase the main question, if JTB can be considered knowledge, would be: Can belief be qualified as knowledge if it is proven justifiably true? From this question, it can be inferred that not all beliefs can be considered knowledge and that even JTB can be doubted as knowledge. Essentially so, the main question centres on understanding what knowledge is. But since the question of knowledge here is limited only in qualifying JTB as knowledge or not, the discussion would only be limited in understanding philosophical views that either affirm or negate JTB as knowledge. So the discussion shall focus only on understanding when a belief is justifiably true; when JTB cannot be considered knowledge; and when JTB can be considered knowledge. Justified True Belief Belief is something we accept to be real or true. ... Of these, perceptual belief is most common, because we easily believe on the existence of things that are perceivable – these are called sense data. These sense data make us believe on the existence of things. For example, we believe in flowers because we see, smell and touch them. In fact, the first and immediate way for us in knowing about the things around us is making use of our five senses (Huemer 2002, p. 27). We come to know first about flowers not through books but through seeing one; we come to differentiate between sweet and bitter not through others testimony but through our sense of taste; we come to know pain and relief because we felt it; we come to know about odours because we smell them; and we come to know about sounds because we hear them – these perceptual experiences we have everyday made us believe on their existence. But not everything we perceive necessarily constitutes what we believe. There are some things we perceive that we may not believe nor care to believe. For example, we see a horse in a painting. Although we know what a horse look like, we do not believe that the horse in the painting is a real horse knowing that works of art, like painting, are basically imitations of the real world or representations of the painter’s perception, feelings or thought (Sheppard 1987, p. 4). On the other hand, not everything we believe may be true, because we are imperfect not only in our perceptions but also in what we remember, on how we reason out, and in other things that we do; so, it is most probable that we can be deceived by our own senses (Audi 2003, p. 8), which under various circumstances can perform differently. For example, if you are colour-blind, you are