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Course of the great depression
Effects of educational inequality
Course of the great depression
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The author, James W. Loewen, begins the second chapter of his book Lies My Teacher Told Me by discussing one of America’s most well-known “heroes,” Christopher Columbus. Loewen continues the chapter describing that most textbooks are not knowledgeable on Christopher Columbus’ exploration of North America. He claims that textbook authors fill the book with information that “is either wrong or unverifiable” (Loewen 32). He describes that one mistake authors have made is explorers or explorations that occurred prior to Christopher Columbus’ voyage.
Matthew Leav PPE 400 Lowe February 6th, 2023 Explaining Edward Conard’s Argument for Lower Taxes on the Rich In his book The Upside of Inequality: How Good Intentions Undermine the Middle Class, Edward Conard argues that lowering taxes on the rich would lead to higher growth and further innovation which would justify any resulting economic inequality (Lowe 2023). He argues that the notion that America’s richest members are to blame for growing inequality is mistaken (Conard 12). Rather, inequality is a result of growth and innovation and is an unavoidable consequence in a developing economy (Conard 13). In this paper I will seek to explain this argument.
In James W. Loewen’s “The Land of Opportunity,” he states that social class affects the way children are raised. He discusses the inequality in today’s society and how the textbooks in high school do not give any social class information. The students in today’s time are not taught everything they should be taught. He states that your family’s wealth is what makes up your future. Loewen discusses that people with more money can study for the SATs more productively and get a better score than someone who has less money.
Then we come to the next five percent fractile; they controlled just 0.7% of the yearly average wealth from the years 1967-1970. Finally, we get to the lowly bottom ninety percent fractile; they had a meger 0.07% of the yearly average wealth from the years 1967-1970. Which made the wealth inequality ratio between the top one-hundredth percent fractile and bottom ninety percent fractile from the years 1967-1970 69,716:71. In other words, the top one-hundredth percent fractile controlled $69,716 of the yearly average wealth for every $71 of the yearly average wealth the bottom ninety percent fractile controlled for the years 1967-1970. That ratio, still very lopsided, was infinitely more equal than the wealth inequality ratio between the top one-hundredth percent fractile and the bottom ninety percent fractile before the great depression ( 356,900:100), or even worse, the wealth inequality ratio between the same two groups before the great recession (301,932:113) (Duménil, Gérard).
The share of after-tax income received by the top 1% of households increased from 8.5% to 12.3% during this time frame, indicating a concentration of income at the top. The majority of tax savings from Reagan's policies went to the top-income earners, while the middle-class and lower-income groups gained much less. The hoarding of wealth at the top hindered the economic gains of lower-income groups This disparity in the distribution of tax benefits raised calls into question the equity of Reagan’s tax policies and how it was strong enough to affect all earners in America
In the book, Lies My Teacher Told Me, author James Loewen talks about historical misconceptions in American school textbooks. Are these actually misconceptions though? What is the author saying about American history when details or whole events are untold? Lowen delves into these deep topics head on and gives examples as he goes. This book is not only intended for those who have read an American history book, but for those who have never heard the truth.
History is a story of events that occurred. There are always different versions, different ways to see to same event. Each story can include different facts, lessons, and motives. Christopher Columbus’ voyage was a major point in history that leads to rapid development of the new world. His voyage opened up North America for colonization and leads to the successive globalization of the continents.
Out of all the many classes I’ve taken so far, history is one my least favorite class. History incredibly uninteresting me, but in addition to that, American history textbooks, neglect to include what I believe to be very important details about history. Since history textbooks wish depict the United States as one of the greatest country in world, the authors try to leave out any information that might hurt Americas image. “Lies My Teacher Told Me” by James W. Loewen, tries to inform students of today, the important information that was hidden from them in their American history textbooks. Loewen does great with explain certain topics and unnecessary errors in the student’s American history education, throughout his book
Wealth, poverty, technology, decadence, the Gilded Age was a time of change and uprooting of past systems, schools of thought, and standards. It was a time of both hope and doubt for the majority of the population and brought many to be empty handed or exceedingly wealthy. The dynamic between rich and poor was shifting to a gap of wealth never before seen in the young country. The gilded age’s built up wealth disparity faded away over time. Yet today it seems that a resurgence of these features is rearing its ugly head again.
The problem with the widened wealth gap is that the inequality may harm the quality. Meaning that those in the higher classes see it as you can use the money with no restrictions. However, economist believe that the “relationship between inequality and economic freedom, with the possibility that policies that are meant to reduce inequality will reduce economic freedom, which will then only make inequality worse.”
Lies My Teacher Told Me American history is taught in schools all over the country. History is important since it educates students about the nation’s past. However, this past is portrayed as that of a “perfect” nation. Most school book authors know this history as lies. Conversely, James W. Loewen, the author of the Lies
Wealth and Inequality in America Inequality The inequality in America has increased over time; the gap between the rich and the poor has become a problem that many Americans don’t see. Inequality is the extent of income which is distributed unequally among the citizenry. The inequality of the United has a large gap between the poor and the rich making it unfair to the population, the rich are becoming wealthier and the poor remain poor. The article “Of the 1%, By the 1%, For the 1%”, authored by Joseph E. Stiglitz describes that there is a 1 percent amount of American’s who are consuming about a quarter of the United States income in a year.
History is an extremely vast subject that covers an enormous amount of events that occurred in the past. While it is difficult to keep exact records of those happenings, it is however, traceable. Growing up in a different country, American history was the least of my concerns, but the 1301 class filled me in with a lot of information. However, this class shed a different light upon the U.S History, very different from the ones I learned in the previous class. I believe that including the book “Lies My Teacher Told Me” to the course was an excellent idea as it has drastically changed our viewpoint.
Paper 3 Social Stratification due to Wealth Inequality Background The article upon which I am writing about is titled “If you thought income inequality was bad, get a load of wealth inequality”, it was published by the Huffington Post and authored by Christopher Ingraham. The article explains how a growing wealth gap between the top 20 percent of the United States population and the bottom 40 percent of the United States is the leading cause of socio-economic inequality in America. The author argues that wealth accumulated by the top earners in the United States economy is a greater source of economic inequality in America Wealth is defined by the article as how many assets an individual holds, ranging from stocks, to real-estate and cash.
But in high schools, we can see that the students who belong to the low class or middle-class family usually do not get treated well. Rich students take it as an insult to talk to a middle class or poor student. There is a movie “My Fair Lady” tells about the difference between two social classes, a higher class, and a lower class. George Cukor, the director of the movie highlighted this social issue. This movie was about a girl from a ghetto who sell flowers and about an arrogant professor who had a really good command of English language.