Personal Statements on Historical American Events Statement

Statements on Historical American Events - Personal Statement ExampleThe corporations started accumulating elephantine reserves and issuing new stocks and this contributed to the stock market crash.The government has undertaken measures to restructure the corporate world by means of ensuring corporations are run by hired management and ensuring ordinary citizens have a chance of owning a stake through buying shares in listed companies (Zakim and Kornblith 78). The capitalism influence has been curtailed by organized labor since craftiness unions bargain for minimum wages and better welfare of workers. This has been occasioned by various laws that govern employment practices and much enlightened workforce.The American capitalism has transformed to cater for all stakeholders in the economy including shareholders, employees, lenders, suppliers, government, and society. The management is obligated for ensuring efficiency and balancing the competing interests of various interested gr oups such as shareholders and employees. The modern management practices have a sense of responsibility towards the society and general public and companies avoid activities that may harm the environment such as pollution. Accordingly, various laws aim at enhancing perfect competition and limiting the influence of cartels and monopolies. Although the recent monetary crisis identified some loopholes in corporate governance, measures have been undertaken to ensure that capitalism promotes ownership of property, good railway line governance and social responsibility.Capitalism has not hindered the freedoms enjoyed by the citizens. The scope of government is limited in a free market economy and its primary roles include safeguarding private contracts, ensuring law and order and fostering rivalrous markets. The government is also diversified since state governments provide basic amenities such as schools and cloaca disposal depending on their by-laws and thus ensuring