The 1893 Financial Panic Essay Example | Topics and Well Written Essays - 750 words

The 1893 Financial Panic - Essay Example The financial crisis was as a result of various factors that will be addressed in this section. At the time of the crisis on February that year, America was highly expecting that its economy had picked and growth would be evident in the coming years. However, the collapse of the Baring Brothers bank which was an Argentinian agent bank led to a bump in the banking sector that affected other banks and consequently the US treasury at the time. The banks failure to pick up in the competitive banking environment was as a result of the failure in the wheat industry which came hand in hand with the coup at the Buenos Aires. These two occurrences acted as the last blow to its investments. Due to the shock, the US treasury started to work on a run on gold strategy due to the fact that investors in the sector still wanted to cash in their investments. The treasury did not want to scare the investors away as that would be more catastrophic and the prospects of recovering would be weak. In the meantime, too much investments were heaped on the railroad construction as it seemed a way of boosting business and consequently the economy. The result was that the economy was totally injured. The prices of various commodities including the ones in the agricultural sector dropped significantly adding to the misery. As the economy was hit and the banking sector seemed to crumble, people rushed to withdraw their money to avoid the loss that would follow if the banks collapsed with their money. This caused bank runs. To add to the already worsened situation, the United Kingdom was also hit by a financial crisis at a similar time and the result was that people who had invested in the American industry rushed to sell their stock and recover their investment capital. For a long time, Europe had been trading with the US. At the time of the crisis, the economy of various European countries was not good and that had an effect on America. As discussed earlier

Create an alternative ending for Hunger Game Essay

Create an alternative ending for Hunger Game - Essay Example Having not played the role, the ending let me down. This led to the writing of my preferred alternative ending that tries to cover all these aspects that the author failed to take into account during his original work’s end. The entire work of Collins is admirable but as it comes to the ending of the story, the author looks like he ran out of steam and needed to end the story as fast as possible. I think about Dr. Aurelius’ advice about letting go or at least trying to let go, of anger and hurt, blame, not for anyone else but my right. He believes that my feelings of resentment and hate inside myself that makes me want to shut everyone out will only grow like poison inside me. I think about the last few weeks of my troubles only feeling worse the more I ponder on it. Other citizens of District 12 like Greasy Sae seem to be hopeful about President Paylor’s suggestions on the new laws being arranged to offer equality throughout Panem. Everyone seems to be satisfied, except the few survivors from the Capitol, who have had to learn to live with fewer luxuries now that resources are being shared more evenly. Things in Panem are brightening up. I feel a part of me wanting to share in this bright er future but the shadowed feelings of guilt and despair weigh heavier on me and tell me I don’t deserve to share in it, after all, the pain I caused and the deaths of those who believed in me. What were they thinking? What did they observe in me that was any good? And how do I let this go? Gale’s last comment to Peeta â€Å"Katniss will pick whoever she thinks she can’t survive without.† still gives me chills and annoys me a little. But then I have to remind myself that he had every right to feel hurt. He was always waiting by my side. Waiting for me to decide but never forcing me to choose just patiently waiting. I think about this again and try to search within myself for the truth. ‘Who can