Global Signature Assignment

In 1879 Henry George wrote an article titled “Progress and Poverty”. In this article he discussed the ongoing industry and he stated that “the wealthy class is becoming more wealthy; but the poorer class is becoming more dependent.

(F) Men such as Carnegie and Rockefeller prospered enormously under this system at the expense of foreigners, women, and children, who were simultaneously "dwarfed" due to harsh working conditions. (G) While 10% of the population reached new economic pinnacles, the remaining 90% struggled to maintain a steady income. Lacking government support, the common man suffered while the rich man thrived.

In the U.S., the top one percent of U.S. households has _____ of all wealth and _____ of all income.

During the time frame of 1900-1930, there was rapid industrialization; urbanization and innovation, which was a key part of American growth as a nation. Thanks to technological innovation of the assembly line factories could mass produce, trusts and corruption in business led to progressive ideologies, and industrial opportunity for minorities during WWI demonstrated the power of those minorities as workforce. Industrialization and technological advancements were a key part of American growth because of the stimulated urbanization; progressive ideals; growth of industry, and bettered economic opportunity for minorities such as African Americans and Women.

There are different opinions towards inequality, some people are accepting of it while others dislike the whole idea of inequality. Is it okay to let the wealthy have more control than the poor? Should their ideas matter more than the non-wealthy? And most importantly should the poor be okay with this, if not what must they do? In “Gospel of Wealth” by Andrew Carnegie and “The Communist Manifesto” by Karl Marx, both Carnegie and Marx expose their thoughts behind inequality and its traits. They both focus and touch upon the poor (proletarians) and the rich (bourgeoisie). They bring up the pros and cons about inequality, capitalism, and communism. Inequality was in Carnegie 's view. In his opinion progress required the processes of competition. Making capitalism an engine of progress. Carnegie believed that there is good to inequality while Marx begs to differ. Marx had his own view on capitalism, he believed that it would eventually result disastrous. Marx believed communism was the best solution to keep both the proletarians and bourgeoisie in an equal place. Both of these socialists have much to say about capitalism and communism and also for economic inequality. They both share different points of view, neither wrong or right. Their opinions are based towards their life experiences and this essay will be noting the differences between they share on inequality, the means of production, and capitalism.

The last pairing of variables I combined together is Income and Size and it demonstrated in a scatter plot. The household size of 7 or 8 has the highest income is with over $69,000 and more. The shape of distribution is positive linear relationship.

To better understand this graph, 1 thru 7 in x axis represents the number of people. Each dot represents on the iterations of each number. For example “1” on x axis, there are 5 dots, which means there are 5 customers who are single. “7” on x axis, there are 3 dots, which mean there are 3 customers who have 7 people in the house. From this graph it could be concluded that majority of customers are couples living in a household (15).

This boxplot displays this information in a graphical format. The box represents the lower quartile of $30,250 (25% of incomes are less than this value), the median of $42,000, and the upper quartile of $54,750 (25% of incomes are greater than this value).

The pie charts illustrate the percentage of money in a country paied for household expenditures in 1950 and 2010.

He argues about political equality where people are equally qualified to rule and make political judgment decision's like those made by government.which will allow people to equally represent themselves in the government. He also describes equality of opportunity and equality of condition .If one becomes wealthy due to his intelligence, initiative and luck then there is no conflict with political equality but if political elite uses his political power to gain privileges that are being denied to others then it can cause political inequality in the society. Social and Economic Inequality can also cause Political Inequality in the society. During the Postwar Era when the American economy was booming and income was increased during that time period .This

O2: The second objective is to build models of socioeconomic status that focus on the distribution across ranks.

In this essay, this research study seeks to demonstrates how financial management's usage of IT services reduced cost and control cash flow in the organization. Thus, the organization’s purpose is to analyze the elements which make up the organization’s framework. For that reason, the organization must know all specificy problems, purposes, the significance of the problem, and supporting theories. In fact, this research methodology analyzes the implementation of the problem solutions, and defends the result’s findings

Among all the classes, education level, wealth, income and occupation decide which class a person belongs to (W.W. Norton, Co.). To obtain wealth, income

Organized labor movements grew, and so did the number of women who became employed working in the factories. Several cities in the US grew out of the Federal Government’s engagement in investments to support the war effort.

In the article, “Capital in the Twenty-First Century” by Thomas Piketty, Piketty explains the history of unstable and stable periods of economic equality and inequality in the world. His theory “central contradiction of capitalism” explains the rate of wealth coming out of the economy is greater than the economy itself. As a result, wealth becomes more divided and the inequality grows between the distributions of the wealth. Piketty proposes a ‘global tax’ to equalize the current economic wealth, but the way he measured this wealth was flawed.