The Importance Of Saving Money For A Rainy Day And For My Future

1607-1776 also known as the colonial period is a time of new beginnings.When the colonists first moved from England to the new world, they were in search of freedom in every sense of the word. Freedom of religion, freedom of speech, and being free of the British tirade. They formed cities and towns while establishing their own laws. The issue that occurred is that while the colonists were away from Britain they weren’t away from British laws. In an effort to control and make money from the colonists Britain issued a series of tax acts which include the Stamp Act, the Sugar Act, and the Tea Act. All of which led to the colonists revolt against British reign. This new search for independence is what

They thought that there was not good enough reason for the new taxes. England on the other hand stated that they taxed the colonist more because they were nearly bankrupt after the French and Indian War. That felt someone had to help compensate and since the American colonies benefited more. They need to bear most of the cost for England’s’ protection and administration. (Pg.536). Between 1763 and 1774, the government passed a new series of laws; placing the colonies under strict restrictions and making them pay higher taxes.

In 1930’s the Great Depression triggered a crises in the nation’s economic life. The Great Depression left millions of people unemployed and penniless. People consider leaving their farms behind to work in the cities factories to send money home. But as they grow into their new lifestyles the aging parent would stay behind to keep their dream of landowner ship. The seniors would be left in the hardest times of need living off the land. President Roosevelt’s New Deal was created to help jump-start the economy by providing unemployed workers with jobs and benefits packages for temporary relief. One of the many steps taken to alleviate the burden on the American people was the passing of Social Security Act on August 14, 1935 and its amendments by Congress and the President, Franklin D. Roosevelt.

“We hold these truths to be self-evident that all men are created equal.” (The Declaration of Independence, U.S. 1776, para. 2). The Declaration of Independence is one of the most important documents in American history. The colonists said that Parliament and the king, George III, were violating the people’s natural rights. The colonies were on their own for such a long time that they got used to handling stuff their own way. Out of nowhere, the king and Parliament started giving the colonists taxes. From this taxing we got the saying “No taxation without representation.” Some of the taxes they gave the colonists were the Stamp Act, Sugar Act, and the Quartering Act. The Stamp Act was tax on every piece of paper and book published or used. The Sugar Act was a tax on sugar being imported and any food containing sugar. The Quartering Act was when the colonists were forced to house british soldiers, the soldiers were there to enforce the taxes being placed. All of these problems started the American Revolution.

When Great Britain controlled the colonies, the Colonists could not live the life they wanted to. They had low paying jobs, were not treated well by the king and his soldiers, and on top of that Britain posted extra taxes on goods. The colonists were already poor from low pay jobs, so taxes just added

First, she encouraged the blend of protestant and Catholic beliefs throughout her rule.The Anglican was established during 1559 under her lead; it accepted some of the Catholic traditions along with the Protestant Reforms. This conformed to the standards of the Elizabethan society by considering compromises, strengthening England’s power, and developing a sense of unity between Protestants and Catholic (Beck, Black, Krieger, Naylor, and Shabaka 60). In addition, Queen Elizabeth created the Poor Laws throughout 1563-1601, which were a series of laws that established a tax that would benefit the poor by decreasing poverty ( Briscoe, Alexandra “Poverty in the Elizabethan Era”). Furthermore, establishing the Poor Laws was a change that conformed to the expectations of society because Queen Elizabeth took the needs of people into account which resulted in England’s social and economic growth during the

America, unlike Great Britain, had the colonists pay light taxes to the colonial government, allowing for whatever needed to be done, to be done, by taxing themselves. Britain’s taxes were for regulation, and not for profit, unlike America up until 1764 when the British Parliament changed all policies and enacted laws to make money from the colonists. This new imperial system consisted of three goals: the ability to provide for colony security, the reassertion of authority over the colonies, and the shift of financial burden of war debt and

This was because the English government was unfairly raising taxes on everything; it became difficult for the colonists to purchase anything due to the high taxes. Although the taxes were unjust, the colonists did what they could to survive.

The New England colonies rapidly developed though out the 1600s. This mass of development was influenced by the Puritans, whom founded a majority of the New England and several Middle colonies. The Puritan philosophies and values formed and directed the progress of the colonies. Socially, strict emphasis on church and community was influential in other colonial settlements as well. Politically, unification and representation derived from the Puritans. Economically, ideas such as fair pricing originated through the Puritan minds. It is obvious that the ideas held by Puritans grasped the social, political and economic maturity of the New England colonies in the time period of 1630 to 1660.

“pay as you go” system. This changing of the original system called for younger citizens

The king would not get any extra money from taxes that way. On top of that, the British merchants would not get any money, so the merchants were getting mad. The first tax did not get as much resistance because it was the first, and the colonists probably thought taxes would be temporary. But with the townshend acts, the colonists were a little mad. This caused the first major drop in values. For some reason when the Townshend Acts were repealed, values shot way up, then down but not quite all the way back down. Then the Sons of Liberty went down to the Boston Harbor. They were dressed like Indians and dumped all the tea into the harbor in what is called the Boston Tea Party (Doc. 4). As punishment, the coercive acts were established, closing the Boston Harbor. Without direct imports, colonists practically stopped all trade and imports lost almost all value.

The New England economy was not based on agriculture or crops. Instead its economy focused more on fishing, lumbar, fur trading, and small farming. “Whereas a great cry of oppression is heard among us, and that principally pointed at workmen and traders, which is hard to regulate without a standard for pay, it is therefore ordered that, . . .[prices and wages] be duly set at each of our General Courts annually” (Doc. E). The New England colonies struggled economically due to wage and price regulations that were being controlled by England. England controlled wages and price regulations since it had a royal government that was directly ruled by the English monarchy. “We must consider that we shall be as a city upon a hill” (Doc A). They believed that they had a covenant with God, an agreement to build a holy society that would be a model for humankind. They were more concerned with religion as opposed to the Chesapeake colonies who desired

Around 1750, England took more interest in the colonies than they previously had; not about the people or civilizations, but about the money and potential profit the colonists could make for the British. After more than a century of populating the lands and growing farms and cultivating new industries, England jumped in and ended their salutary neglect with the colonists and began to impose laws and taxes on the colonists so they could make as much money as possible off of the colonists. The British felt that making money passively like so would be a good effort to restore a large portion of the funds they lost after the French and Indian War. Unfortunately for the colonists, this not only interfered with their lifestyle but disturbed their business ventures in several ways. Due to these fifteen or so years of having to deal with the British, by the eve of the revolution the colonists had developed a strong sense of their identity and unity as an American Nation.

Consequently, the British Parliament imposed taxation on the colonists in the 1760’s. The colonists resented this intrusion, for they felt they were not truly represented in the British government. Taxation without representation became the rallying cry of the colonists.

Before the 1930’s, the care for the elderly was of family or local concern. Following the economic crash of the Great Depression, some of the many “dangers” in life, including poverty, unemployment, and old age, were faced head on through the actions of the New Deal. The New Deal, created by President Franklin D. Roosevelt, set up a series of domestic programs to decrease unemployment rates and salvage what was left of the economy. The poverty rate of the elderly exceeded 50 percent and the stock market crash destroyed many Americans savings, thus the Social Security Act was created. This act provided aid to dependent children, unemployment and disability insurance, and pensions for the elderly. An issue with this system was that it might seem like a welfare program rather than an insurance program. To combat this issue, the social security funds would be from payroll taxes from employers and workers. Younger generations would finance the fund and would benefit from the system once they turned 65. Although this was a much-needed system, especially after the Great Depression, many still opposed this idea. People argued that this act would cause a loss of jobs and that it reeked of socialism. The argument was rebutted when proponents of the act proved how it would act as an incentive for the elderly to retire, thus creating more job openings for younger generations. A major downfall of this act rested on the shoulders of the women and