The Efforts Put in by Roosevelt in the Building of the United States Case Study

The Efforts Put in by Roosevelt in the Building of the United States - Case Study Example Franklin Delano Roosevelt was born in the year 1882 on the 30th of January in Hyde Park which is located in the city of New York. He was the son of James and Sara Roosevelt. He studies at Harvard College and studied law at the Columbia Law School. He was a lawyer by profession. He got married to Anna Eleanor in the year 1905. Franklin Roosevelt entered politics following the footsteps of his cousin, President Theodore Roosevelt. He was a Democrat and became actively involved in politics. In the year 1910 and again in 1912, he became elected as a member of the Senate of New York. In the year 1913, he was given the role of the Assistant Secretary of the Navy by President Wilson. He played a crucial part in the preparedness of the forces of the United States for the First World War. He was known for his hard work and strength that he put in for the completion of his roles by the members of the Democratic Party. Owing to his good position in the party, in the year 1920, he was nominated for the position of the Vice President by the Democratic Party (WhiteHouse.gov; Miller Center). The year 1921 was a difficult year for Roosevelt as he was diagnosed with the crippling disease of polio. With the assistance of his loved ones as well as self-motivation and courage, Roosevelt managed to rise from the illness and recover. He gained his strength and joined politics again in the year 1928. His success upon his return could be assessed by the fact that he became the Governor of New York in the same year.

Acemoglu, Johnson and Robinson proved that institutions are the Essay

Acemoglu, Johnson and Robinson proved that institutions are the ultimate cause of economic development. Do you agree - Essay Example As a result, in societies where political and economic power has been distributed for a long time on a consistent basis, institutions are usually path-reliant. This occurs even in societies where the institutions are socioeconomically below the optimal standards of operation. Acemoglu et al. (2001:1395) state that many scientists and economists hold that contrasts in institutions and government policies are the primary causes of huge disparities in income per capita among countries. They further claim that contrasts in colonial experience may be a genesis of exogenous disparities in institutions. This claim is based on two logics. The first is that Europeans employed very different strategies when colonizing other nations, and these strategies spawned different institutions. On one hand, such as in New Zealand, America, and Australia, they established institutions that implemented the rule of law and promoted investment. On the other hand, in countries like Ghana (Gold Coast) and the Congo, they established exploitative regimes aimed at quickly extracting resources. These institutions impeded economic growth and investment. Secondly, the institutions established in both extremes of the world remain in place today and have led to the differences in econom ic development and stability of the affected countries (Acemoglu, Johnson, & Robinson, 2001:1395). According to Acemoglu et al. (2002:572), Atlantic trade catalysed European growth via ancillary institutional media as well as its more pertinent root effects. However, the crux of their argument, which relates to this paper, is that Atlantic trade earned huge profits for merchant interests in favour of institutional reform in states that satisfied two vital preconditions: democratic initial institutions and convenient access to the Atlantic. The result was a shift in political influence away from the