Monthly Archives: January 2018

US History^2 Lecture #?

1920s

  • governing outlook similar between Harding and Coolidge (presidents in the 1920s)
  • American economy–1920-1921 sharp declines in productions and employment
  • Harding in office until 1921 and took a fairly hands off approach
  • 1920-1922 federal budget cut in half (3.3 billion in 1922)
  • 1921 all interest rates were falling
  • one of the driving factors behind this was the high rate of investment in capitol equipment (equipment to make business or yourself more productive)
  • unemployment remained under 4% except for peaks of 5% in 1924 (1927 got down to 1%)
  • GDP 595 billion in 1921 to 865 billion in 1929 (45% increase in 8 years)
  • share of world production in 1929 was held by the US at 34.4%
  • income tax reductions occurred gradually throughout Harding administration to the Coolidge admin (1925-6)
  • top marginal rate 73% (WWI) getting down by middle of Coolidge’s office to 25% (after 1 term)
  • tax rates were so high that they were encouraging people to hide their income so public service projects boomed but American businesses starved for capitol
  • more revenue and less tax avoidance therefore federal gov could pay down more  of the national debt
  • at a marginal (tax) rate of 100% the gov actually earns 0% revenue because no one in their right minds would work under those conditions
  • 1920s lifestyle–automobile production rose from 1.7 mil 1917 to 4.6 mil 1929. household electrification increased dramatically
  • 1920 47.4% urban household, 1.6% farms, 34.7% all dwellings had electricity
  • 1930 years later 84.8%, 10.4%, 68.2%
  • production of wide variety of appliances. increased leisure and transportation and therefore more demand for entertainment
  • 1920 economic boom especially apparent in higher order industries (capitol goods)– pig iron and steel production tripled, construction activity and machine tool output tripled, industrial production more than double consumer goods, stock market rose 50% by 1928 and by another 27% in 19

Geography of Religion Wk 10

Buddha’s Path (pt 1)

  • At Bodh Gaya Siddhartha Gautama became a Buddha and achieved enlightenment.
  • He lived for 45 more years, all the while travelling and teaching in cities no more than 150 miles from his birth place
  • He arrived at the concept of anatman “non-self.”
  • The Buddha taught that all existence is subject to the law of impermanence and thus reality is a process.
  • A human being has no permanent essence, only an ever changing relationship of the five skandhas— the physical body (made up of the 4 elements), feelings caused by sensory contacts, perceptions of said contacts (as good, evil, or neutral), habitual mental dispositions (which link mental activity and physical action), and consciousness (experience of the world by mind and body.)
  • The Buddha opposed both the “indulgence of the wealthy” and “the severe self-denial of ascetics,” proposing instead a middle ground.
  • The Buddha sought out 5 of his friends from his days as a bhikkhu (a wandering mendicant) and taught them the Four Noble Truths: there is suffering in the world, there is a cause of suffering, by eliminating the cause, one can end suffering, and there is a path by which one can end suffering. (the cause of suffering is sometimes ignorance, sometimes desire)
  • (More next week)

CWP Wk 10 (because I’m being lazy)

Fukushima’s Ongoing Nuclear Disaster. Primarily referred to lewrockwell.com as well as breitbart.com and theguardian.com.

US History^2 Lecture #4

Spanish-American War

  • 1890s. Conflicts between US, Spain, and Cuba (under Spanish rule)
  • First contributing factor “Large Policy” –based on fact that US producing goods in huge abundance. Producing too much. to produce less, they would employ less people, therefore greater unemployment, therefore no money to buy the lesser goods being produced. US needed overseas markets to “unload excess production”
  • It was thought US navy would be needed to help facilitate trade. Culling and Naval stations in Pacific also thought to be necessary (aim to get hold of Asian specifically Chinese markets)
  • Large Navy needed for Large Policy
  • Part of Large Policy was implemented in Hawaii but pres. Grover Cleveland resisted–favored anti-imperialist position
  • Hawaiian Queen deposed and Hawaii was annexed to US eventually but not right now
  • CUBA 10 years war 1868-1878 resistance to Spanish authorities
  • 1895 another uprising in Cuba. Rebels using terrorist methods
  • Yellow journalism sensationalists events
  • Americans didn’t hear about this accurately. Saw it like George Washington fighting against the Brits for freedom
  • Dalome letter written by Spanish Ambassador said Pres. McKinley was weak and bidder for approval of crowd
  • WAR
  • Philippines naval battle over in a day. Land war in Cuba more prolonged but only a few months so pretty brief
  • at end of war after paying a sum to Spain, US acquired Guam Puerto Rico and Philippines and got some powers over Cuba
  • mid 1898 during war Hawaii acquisition becomes irresistable
  • Philippines outraged by US governing them and this challenged the idea of why the US was formed–freedom