Monday, February 10, 2014

Final Essay Draft


Maritza Crespo

Professor Villarreal

ENG 24

 February, 2014

Think Before You Act

            When we heard words like recession and debt it gives us anxiety almost immediately. This is an issue that it is practically unavoidable for individuals. It has always being a battle throughout civilization; between money lenders and pledgers. Sadly, always resulting in the thrashing of the anemic. I have the confidence that this essay will give you a strong knowledge of how sociality suffers when particular set of groups do not play a fair game.

            Margaret Atwood was born in Ottawa, Ontario, Canada, in 1939. She is known as a fiction writer. She has also taught literature and writing in universities in the United States and Canada. In the article "Debtor's Prim" she claims that debts are something that is carried out from time to time. As well it has also left historical records in culture. Therefore, for any debt you have is a story left behind. How you go into debt, what you did to get out of debt, and what you did to deal with it. In “Debtors Prism” Margaret Atwood links a fiction story with today’s pop culture using "A Christmas Carol" and also including articles from today's pop culture. To explain “Debtors Prism.” Margaret Atwood claims that:      

 “Indulging in grinding, usurious financial practices is a spiritual sin as well as a cold indifference to the needs and suffering of others and imprison the sinner within himself “(Atwood 41)

             Margaret Atwood supports this idea by compering. "A Christmas Carol" by Charles Dickens with the crisis we are facing as a community. Scrooge is a greedy men that falls in love with money and without knowing money will become an idol in his life. He is obsess with collecting money and he does not care for the people that he continually hurt. During the nights, he was visited by the Christmas past, present, and future ghost. Scrooge goes into these different times to reflect on his life. Scrooge learns that if he would be better off dead than to continue on being greedy because of all the people he took advantage of. Scrooge probably did not know that he made a pact with the devil, but what we are sure of is that the author knew it. This happened to Scrooge and it almost cost him his life. Atwood’s proves her claim because she showed debts are a reality that goes generations to generation, and she uses a fiction story to reflect her claim in today’s pop culture.
Unfortunately, many nation are suffering with debt today. And it is so much so that, there are getting into a deeper debts to the point that countries are facing recession. In the summer of 2009 Aaron Mattis wrote in the Harvard International Reviews and article name “Running on empty Mongolia’s economic crash.” This article is base in the fact that because America is facing and economic crisis. Other countries economics are being shaken. Mongolia like many other countries has taken direct loans to avoid spreading economic pressure. Before the crisis increased, Mongolia was growing fast. The demands of superfluity cloth and blooming of the mining sector skyrocketed from 2005 to 2008. Mongolia started taking more loans because, the fast growing demands. And then inflation levels surpass the limit of lending money. Leaving the government with no other option; than to raise interest rates and taxes. So that it will be more difficult to obtain loans. The decision taken by the government cause Mongolians goods prices to drop a 50 percent founding themselves incapable to repay their debts and unable to obtain more credit.
 
 

 

 

 

 

 

 

 

 

 

 

 

Work Cited

 Mattis, Aaron. "Running on empty Mongolia's economic crash." Harvard International Review 31.2 (2009): 10+. Academic OneFile. Web. 8 Feb. 2014.

Atwood, Margaret. ”Debtor’s Prism.” Reading Pop Culture Anthology. Ed ousborn. Boston: Bedford St. Martin’s. 2013. 36-42. Print

 

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