Economy

My topic is about the economy around the world and how it's affecting people's lives.

Who? The people in the war and in general. What? Where? All around the world. When? During WW1. Why? How?

Who? Did the economy affect people all around the world or only in some countries? What? What was the economy like? Did it cause many problems? Did it cause debt? Did it make people start to lose jobs? Where? Was the economy bad all around the world? Did the was make the economy better for some countries? When? When did the economy start getting worse for some countries? When did it start getting better? Why? Why did the economy start getting better or worse? What problems made it like that? How? How did the economy make some countries in debt? How did it start to make people lose jobs? How did the economy start to make it better for some countries?


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-World War I influenced the economy by contrubuting to inflation and hardships on families. This grew into crisis proportions by the end of the war. Workers were encouraged to curb wage demands, producers were told to keep down priced increases, and men were urged to enlist. When did the economy start to get out of hand? -The problems with the economy continued to get worse. The country was peddling war bonds and even enlisting the help of Hollywood stars and Boy Scouts. To finance the war effort, U.S. used 22% in taxes, 58% through borrowings from the public, and 20% in money creation. The War Revenue Act of 1917 taxed profits exceeding an amount determined by the rate of return on capital in a base period or "excess profits." -The Americans weren't the only ones having economic issues. Other countries had just as many hardships, such as Canada. "Canada nationalized bankrupt railways, introduced income taxes, and controlled some commodity prices." The French Canada had never been enthusiastic about the war, few French Canadians were enlisted in the war compared to English Canadians. -Financing the war wasn't easy. The real choice appeared to be between raising taxes and borrowing from the public. Most economists of the World War I era believed that raising taxes was best. In October of 1917 Congress responded to the call for higher taxes with the War Revenue Act. This act increased the personal and corporate income tax rates and established excess-profit or when you reach a certian amount of money, you recieve a tax. The grand economic cost of the world was $281,887. -World War I lead to the Great Depression. Between financing the war and inflation brought most countries into debt. Officials scrambled from money and began borrowing money from the public. Common people were poverish stricken and most became homeless. Throughout this war and depression once the war was over, it stepped into pages of history.

code "Cityscape and Economy." //Encyclopaedia Britannica Online//. Encyclopaedia Britannica Online, 2010. code

code Web. 26 Mar. 2010.

code code "EH.Net Encyclopedia: US Economy in World War I." //U.S. Economy in World War I//. 2008. //EH.Net//. Web. 29
 * || Difficult to understand. || Several errors. || A few errors. || Little to no errors in grammar, spelling or punctuation. 4 || 3 ||

code Mar. 2010. . "Canada ." //Encyclopaedia Britannica Online//. Encyclopaedia Britannica Online, 2010. Web. 26 Mar. code code 2010. code code Paraphrase || No quotes or paraphrasing used. || Very few quotes or paraphrases included, no parenthetical references. || Some errors in quoting or paraphrasing and/or a few missing parenthetical references. || Several quotes and paraphrased pieces of information in each body paragraph, all with parenthetical references. || 4 ||
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 * Thesis || No thesis. || Thesis is present in introductory paragraph but is not well-written. || Thesis included in introductory paragraph is satisfactory if a bit obvious. || Thesis included in introductory paragraph is well-written and interesting. || 4 ||
 * Flow || Paper is difficult to read and understand. || Paper is full of short, choppy sentences and topic shifts with no transitions. || Some use of transitional words and phrases but the paper is a bit choppy at times. || Use of transitional words and phrases as well as topic sentences makes the paper easy to read from start to finish. || 3 ||
 * Quotes/
 * Commentary / “My Ideas” || No commentary. || Commentary lacking in a few places. || Commentary included with each quote or paraphrase, but it is a bit obvious or repetitive. || Thoughtful commentary included with each quote or paraphrase. || 3 ||
 * Works Cited || No works cited page included. || Works cited page is included but there are several errors. || Works cited page is included but there are a few formatting errors. || Works cited page is included and is correctly formatted. || 3 ||
 * Conventions || Difficult to understand. || Several errors. || A few errors. || Little to no errors in grammar, spelling or punctuation. ||

Paraphrase || No quotes or paraphrasing used. || Very few quotes or paraphrases included, no parenthetical references. || Some errors in quoting or paraphrasing and/or a few missing parenthetical references. || Several quotes and paraphrased pieces of information in each body paragraph, all with parenthetical references. || 4 ||
 * Thesis || No thesis. || Thesis is present in introductory paragraph but is not well-written. || Thesis included in introductory paragraph is satisfactory if a bit obvious. || Thesis included in introductory paragraph is well-written and interesting. || 3 ||
 * Flow || Paper is difficult to read and understand. || Paper is full of short, choppy sentences and topic shifts with no transitions. || Some use of transitional words and phrases but the paper is a bit choppy at times. || Use of transitional words and phrases as well as topic sentences makes the paper easy to read from start to finish. || 4 ||
 * Quotes/
 * Commentary / “My Ideas” || No commentary. || Commentary lacking in a few places. || Commentary included with each quote or paraphrase, but it is a bit obvious or repetitive. || Thoughtful commentary included with each quote or paraphrase. || 3 ||
 * Works Cited || No works cited page included. || Works cited page is included but there are several errors. || Works cited page is included but there are a few formatting errors. || Works cited page is included and is correctly formatted. || 3 ||
 * Conventions || Difficult to understand. || Several errors. || A few errors. || Little to no errors in grammar, spelling or punctuation. 4 ||