The New Deal and the 1929 Stock Market Crash: Causes and Effects
The New Deal: A Response to Crisis
The New Deal was a policy that resonated deeply with the crisis of the Great Depression. Implemented by President Franklin D. Roosevelt in the U.S., it fundamentally altered aspects of classical capitalism. Roosevelt’s overwhelming victory over Hoover in the presidential election signaled a radical shift in U.S. policy. A progressive thinker, Roosevelt was one of the most popular presidents in U.S. history, being re-elected four times.
His greatest achievement was
Read MoreUnderstanding Organizational Culture, Social Responsibility, and Evolution
Organizational culture encompasses enduring behavioral guidelines that shape its functions. These functions include:
- Transmitting a sense of identity to members of the organization.
- Facilitating greater commitment.
- Reinforcing the stability of the social system.
- Providing recognized and accepted approaches to decision-making.
Social Responsibility in Business
Prior to the 1960s, social responsibility was not a prominent concern. However, social activists of that era began to question the purely economic
Read MoreCorporate Social Responsibility and Workplace Productivity
T9: Work Climate and Internal Relationship Development
1. Corporate Social Responsibility (CSR)
In 1995, Jacques Delors, President of the European Parliament, founded CSR Europe, a non-profit organization with 75 member multinational corporations. Its mission is to achieve profits, sustainable growth, and human progress through the integration of social responsibility and corporate management.
The concept of CSR appeared in the USA at the beginning of the 60’s with the Vietnam war and other conflicts,
Read MoreBusiness Areas, Objectives, and Company Types
Basic Areas of Activity
Supply and Production Area
The primary function of this area is to manage the supply of raw materials in the most advantageous way for the company, considering both physical and economic conditions. It also controls the entire process of transforming these materials into finished products, sometimes including the storage of these products for sale.
Financial Area
Personnel responsible for this area are concerned with obtaining and managing the financial resources the company
Read MoreMarket Dynamics: Supply, Demand, and Consumer Behavior
Understanding Supply and Demand
Supply: Represents the willingness of sellers to offer a product at a specific price. The higher the expected price, the greater the quantity of product vendors will be willing to supply.
Demand: Represents the willingness of buyers to purchase a product at a specific price. The higher the price, the lower the quantity that buyers are willing to purchase.
The interaction between supply and demand determines the market price of a product:
- High Price: Discourages buyers
Formal vs. Informal Business Structures
Formal and Informal Organizations
Formal Organization: Sets the direction, brand relationships, hierarchical positions, brand management activities, and communication channels. It operates hierarchically.
Informal Organization: Arises spontaneously, establishing relationships based on friendship, affinity, etc. Activities are voluntary and do not necessarily align with the business’s goals. Friendship groups form based on affinity, and authority may be exercised by individuals other than designated
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