Karl Marx And The Marxist Theory Of Political Economy

Economics often detaches from analysing people and the social relationships between them to instead focus on mathematical modelling. In the contemporary world, economists failed to predict numerous crises, the most recent being the Global Financial Crisis of 2006. Such failures coincide with the deteriorating belief in governments, leading to the rebirth of the use of Marxist thinking. â€Å"Sales of Das Kapital, Marx s masterpiece of political economy, have soared ever since 2008, as have those of The Communist Manifesto and the Grundrisse†. However, in a time of increasing admiration and application of his theories, it is vital to ask; Did Karl Marx construct masterpieces of political economy? Or is his work littered with ethical, economical and empirical discrepancies? This report will critically analyse aspects of Marxist economic theoretical tradition in order to answer these and ultimately form a decisive conclusion about the validity of the Marxist study of political e conomy. Karl Marx divided society into two groups: the dynamic forces of production in the form of technology and labour skills and the stagnant relations of production. This forms the two classes, the proletariat who are the owners of their labour and the bourgeoisie who own the means of production. The relationship between the two is assessed using the labour theory of value, which demonstrates the exploitation of workers in the aim of getting surplus value: â€Å"the difference between the wages†¦labourShow MoreRelatedThe Communist Manifesto And Das Kapital1507 Words   |  7 PagesKarl Marx A German philosopher, economist, journalist and revolutionary scientist, Marx was best known for his work in economics. He laid the foundations for today s theories of labor and capital. The Communist Manifesto and Das Kapital were among the most famous of his published works. Born to a middle-class family in Trier, Prussia in 1818, his parents were Jewish, but converted to Christianity in 1816 due to strict anti- Jewish laws. He was baptized as a Christian at the age of six but laterRead More Karl Marx Essay1742 Words   |  7 Pagesone renowned philosopher stands out amongst the crowd, and that person is named Karl Marx (1818-1883). In this essay I aim to explore and critically assess his ideas, theories, and studies in his contribution to sociology, and if his ideas, theories and studies are useful to this contribution to sociology. Sociology began in the eighteenth and nineteenth centuries in Western Europe. Around this time, the political and economic systems in Europe were changing. Things like the Monarchy, (whichRead MoreThe Beginnings Of Marxism?986 Words   |  4 Pagesof Marxism? Written in 1847 by Karl Marx and Friedrich Engels, the Communist Manifesto laid out ideas that would change the course of world history. It fully defined the â€Å"Marxist† ideology in which Communism was the goal of humanity. Thirty years after Marx’s death, the people of Russia over threw their leaders and founded a Communist government based on Marxist ideologies. This government was initially lead by Vladimir Lenin who took direct inspiration from Marx. After Lenin died, a man named JosephRead More Karl Marx And The Communist Manifesto Essay example901 Words   |  4 PagesKarl Marx And The Communist Manifesto Because the first printing of the Communist Manifesto was limited and the circulation restricted, the Manifesto did not have much impact on society after it was written in 1848. This meant that there were not many people who had access to the document. It wasn’t until 1871, when the Paris Commune occurred, that the Communist Manifesto began to have a huge impact on the working class all over the world.[i] The Paris Commune, whichRead MoreMarxist theory2065 Words   |  9 Pagesï » ¿Marxist theory This theory was basically ideas of Karl Marx and Friedrich Engels. Both of them were born from Germany. Marx was a student of the most prominent German Idealist Philosopher. Engels was editing a radical journal that written by Karl Marx at the year 1844. Due to this both of them meet and become close friends. Engels start to share his opinion toward capitalism to Marx. After that, they decided to work together and become partnership because Marx was good in dealing with difficultRead MoreKarl Marx And Socialism Negatively Impacted Society1803 Words   |  8 Pages How Karl Marx and Socialism Negatively Impacted Society Marxism, also known as Socialism, and Communism, is â€Å"the political, economic, and social principles and policies advocated by a man known as Karl Marx; it is especially: a theory and practice of socialism including the labor theory of value, dialectical materialism, the class struggle, and dictatorship of the proletariat until the establishment of a classless society† (merriam-webster.com). Karl Marx and Friedrich Engels are responsible forRead MoreKarl Marx s View On The Labor Value Of Theory883 Words   |  4 PagesKarl Marx was a German â€Å"economist and political scientist† who viewed capitalism â€Å"from a more pessimistic and revolutionary viewpoint† (Gorman, 2003). Karl Marx believed â€Å"that the basic determining factor of human history [was] Economics† (Famous101.com, 2011). Marx argued that the people within the classes were bound to remain â€Å"because of the very nature of capitalism† (Prabhat, 2012). Instead, Marx believ ed â€Å"†¦that the value of a good or service is dependent upon the labor used†¦Ã¢â‚¬  to produce itRead MoreKarl Marx And The Communist Manifesto Essay1691 Words   |  7 PagesKarl Marx (1818-1883), in collaboration with his benefactor and friend, Friedrich Engels (1820-1895), founded the Marxist Theory. Both men were philosophers, however were referred to as revolutionaries. ‘The Communist Manifesto’, was written collaboratively by both Marx and Engels, as they explored the argument that â€Å"history and progress can be seen dialectically as societies shift from one mode of production to another†. This will be argued through a contextual account of Marxism, its developmentRead MoreIs Marxism Anti Democratic Essay1589 Words   |  7 PagesIs Marxism anti-democratic? In order to answer this question the parameters of the discussion must first be set, with key terms in the title defined. Marxism I define to be ‘an economic and socio-political worldview and method of socio-economic enquiry which focuses upon a materialist interpretation of history, a dialectical view of social change and an analysis and critique of capitalism. ‘ Democracy, I define to be an ‘egalitarian form of government in which sovereignty is vested in the peopleRead MoreMarxism Is A Method Of Socioeconomic Analysis1495 Words   |  6 Pagesmid-to-late 19th century works of German philosophers Karl Marx and Friedrich Engels, that analyzes class relations and societal conflict using a materialist interpretation of historical development and a dialectical view of social transformation. Marxist methodology originally used economic and sociopolitical inquiry to analyze and critique the development of capitalism and the role of class struggle in systemic economic change. According to Marxist analysis, class conflict within capitalism arises

The Causes and Prevention of Murder Essay - 1898 Words

You or someone in your family may have children who perform actions that can be indications of a potential serial killer. Most parents will ignore these signs but they are no joke. Does your child like to harm small animals? Does your child live in an unstable family; is your child socially awkward and isolated from everyone else? If you said yes to these questions, you may want to get more involved in your child’s life. According to many experts harming small animals, an unstable family, isolation from others, and bad mental health are the four main causes of murder but those are not the only causes. To the surprise of some people, violent videogames are not one of the leading reasons of why someone decides to kill. From early childhood†¦show more content†¦An more modern example is James Holmes, the man responsible for the Aurora shooting. Even though he killed many he was different from Peter Kurten only in the way that he didn’t kill over time. James Holmes had schizophrenia, a mental disease many murderers seem to have. Revenge and schizophrenia were a few examples of why a person decides to murder. Aggression during their childhood can lead a kid to repeat what they see at home or school. If they live in an abusive home the chances are higher of them committing violent crimes. The geography in where they live can be a small cause but not so much because a lot of mass murderers come from middle class families or higher. Usually people from lower income families commit smaller violent crimes such as beating someone up due to territory and gangs. Even though there is many more cause of murder there are also many ways to prevent it from happening to your children. Some indications to look at as a parent and/or guardian are to see how your child acts around society. Being antisocial is one of the major things one should pay close attention to. Another indication is the way your child plays with small animals. If they like to hurt or even kill small animals that is a red flag right away. An abusive home is usually the main cause of a child turning into a delinquent. At a young age many children are physically and verbally abusedShow MoreRelatedGun Control Research Paper 1263 Words   |  6 Pages Canada, Japan, China, the difference between U.S. and those countries is in these countries to get a firearm is a very difficult thing and they have very strict gun laws. Gun is very powerful weapon, it would cause serious hurt, even death, we can use gun to protect ourselves or to murderï ¼Å'It is powerful not only to the human but also to the society. I believe the issue is not how many guns are around us but who owns those guns and how the country enforce the gun laws. Why so many people debate onRead MoreTheu.s. Supreme Court Case1146 Words   |  5 Pagespregnancy testing positive on a drug test for meth. 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In statistics released, the Chicago Police Department reported there were 51 homicides this January compared to 29 in January ofRead MoreThe Death Penalty Should Be Abolished Essay1634 Words   |  7 Pages The only crime punishable by death in New Zealand is treason, the death penalty for murder and piracy having been abolished in 1961, but none the less there were no death sentences known given because of treason 1. Then on 26th December 1989 when a private members bill was pushed into effect, marking New Zealand as a country where no crimes warrants a death punishment 2. Over the years crimes that once would be given death penalty has increased so reintroducing the death penalty shouldRead MoreA Brief Note On The Stop And Frisk809 Words   |  4 PagesSimilarly, one would not target a McDonalds looking to purchase a pair of shoes. In New York City the homicide statistics show about half of all murders are committed by African Americans who represent just 12.6 percent of the population. 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Human Resource Management Techniques of Business

Question: Discuss about the Human Resource Management for Techniques of Business. Answer: Introduction It is evident that human resource management is considered as relatively the new approach to manage people in an organization. People are considered as the key resource in this particular approach. In addition, it is mainly concerned with the people dimension in management of an organization. In this context, Budhwar and Debrah (2013) have commented that human resource management is the technique, which is consisting of four different activities including the acquisition, development, motivation and the maintenance of the human resource. Furthermore, Renwick, Redman and Maguire (2013) also commented that as the organization is consisting of the people, its acquisition, enhancement of skills and motivation for increase level of attainments appear to be the significant activities. Unlike this concept, Ulrich (2013) have defined HRM as the set of management, which take the responsibility of the employees for focusing on all aspects of the business operations that are significantly concerned with the relationship management to employees along with the development of individual and the group. The current report focuses on the human resource management of the organization Flextronics to understand the aspects of human resource management and its effectiveness in business. The organization is known as one of the leading Electronic Manufacturer Services with the revenue of US$76.6 billion. The organization is running its operation in more than 30 countries. Flextronics operate in different segments of the market, which include the infrastructure, computing, consumer digital service, industrial, semi-conductor, medical devices and some other segments. As the organization deals with a large operation, they require skilled people and managerial approach. In such a case , the organization applies different approach of HRM to find out the issues and develop the solution. HRM practices in the organization As mentioned by Renwick, Redman and Maguire (2013) human resource management is known as the management function, which is concerned with hiring, maintaining, motivating people. It focuses on the people in the organization. In some of the cases, it has been observed that due to effective human resource management in the internal environment, the organization performs better in the external environment. It is also evident that by developing the practices of the human resource management, the organization could encourage the employees in developing their performance. In such case, they could provide certain training to employees and teach necessary skills. This also helps the employees to individually perform better, which results to better organizational performance. Conversely, it is also observed that poor practices in human resource management could lead to poor organizational and employee performance. In this context, Marler and Fisher (2013) commented that HRM includes all manage ment decision as well as the practices that directly influence the people. Likewise, it could influence the human resource of the organization or the operations that is performed by the organization. In addition to this, it is also observed that every organization is necessarily a combination of physical as well as the human resource. Hence, the human resource is referred to the skills, education and efficiencies of the employees of the organization. It is necessary to develop the human resource management practices as poor practice could lead to undesired result. For example, the case study indicates that the Austrian site of Flextronics is built up with the highly skilled and experienced workforce as well as the well functioning work schedules. On the contrary, the newly formed site at the Hungarian experienced some issues at the beginning of starting the operation. The company had to run the operation with insufficient personnel, high fluctuations and highly volatile sales market. Therefore, it can be mentioned that it can be mentioned that organization needs to play a serious attention to the human resource management of the organization. In this context, Dellinger et al. (2013) commented that when the organization performs in the global environment, it has to deal with different barriers that come from the employee base of the organization. For example, it can also be added that employees that come from different cultural background. Thus, the demands and requirements of the employees are based on the cultural, tradition and life style of people. Therefore, employees in different country look for demand for opportunities and benefits. In such situation, the organization faces the difficulties. As the consequence, the organizations feel the rush of implementing the approaches of diversified management, which also comes in the form of human res ource management. As opined by Ruigrok and Van Tulder (2013), the organizations are management by people and through people. Thus, without people or the workforce, the companies could never stand itself in the competitive environment. In this context, De Waal (2013), it can be added that people who deal with the human resource of the organization, relying on their level of commitment, contribution as well as the organization. Therefore, the organization, hence, needs to focus on the aspects of the human resources. There have been some different fields of the human resource management such as inherent part of management, pervasive function, basic to all functional areas, people centered approach and the personal activities or the functions. The people centered approach of HRM, all categories of personnel involved in the business activities of the organizations are involved. For example, in Flextronics, the personnel are categorized in some ways, which may include the worker who work on the machine and involved in loading and unloading, managerial as well as the non-managerial personnel and the professional as well as the non-personnel personnel. On the contrary, while applying the personnel activities or the functi ons of human resource, the HRM may include some particular functions that revolve around the people of management. Ti may include the workforce planning, placement, employment, appraisal and training as well as the compensation of the employees. In order to perform these activities, a particular department called Personal Department is formed in most of the large organizations like Flextronics. Unlike this practice of the human resource management, the managers or the leaders at different levels in the organizations conduct the pervasive function of human resource management. However, in such practice, the manager is not supposed to hand over the responsibility to someone. In such case, the managers could take suggestion as well as guide in dealing with people from the experts who have competencies about the personal management (Ruigrok and Van Tulder (2013). Diversity management and culture As opined by Alegre, Sengupta and Lapiedra (2013), the rapidly growing globalization of the world may require an effective communication among the people from diverse background. It is true that people do not prefer to live or work in socially constrained environment, as they now become the significant part of the global economy and competing with the global economy. In such situation, the supervisor or the managers of the organizations need to understand or find out the ways based on which the workplace is changing as well as evolving. As argued by Seuring and Gold (2013), managing diversity in the workplace or dealing with the diversity is one of the serious challenges that organization should consider. The effective managerial skills should adapt to form a multi-cultural work environment. In this context, Golicic and Smith (2013) commented that diversity could be defined as the acknowledgement, accepting, valuing and understanding the difference among the people in respect age, cu lture, gender, disabilities and other differences. For example, the organization Flextronics is running the operation globally; therefore, it has to deal with people who come from different cultural, religious and other fields of the country. Thus, managing these varieties of workforce is serious challenge (Seuring and Gold (2013). The case study indicates that while starting the manufacturing operation at Hungarian, Flextronics had to deal with some human resource issues such poor experienced of the employees, ineffective capacity to meet the consumer demand. Thus, to resolve the solution, the heads of Flextronics have lobbied internally for a Flextronics Academy in the CEE region and eventually conducted the approach. By implementing this, the organization would provide certain training and education to the employees and managers. The company had developed a high-potential programme for the future cadre of the managers and the line managers. However, this specially designed to offer some selected individuals. Notwithstanding, as the organization runs the operation globally, culture specifies proved to be a significant aspect for the long-term achievement or success of the programme. For instance, it is identified that participants at Hungarian are less likely to complete the programme or work with the organization. Due to the high payment and benefits, people started leaving the company and joining the competitor in the industry. Therefore, it can certainly be added that needs and demands of the people may change as that is based on the needs and requirements existing in the regions. Similarly, the communication style and the learning approach of Austrian and Hungarian are characteristically different. More specially, it can be added that inter personal communication, formal behavior is maintained in Austrian site than Hungarian. In such case, the organization widely needs to develop and implement the approach of the diversified management in the organization. Many organizations that perform the operations in the global environment often find the challenge of diversified that management (Lauring 2013). As mentioned by Laegreid and Christensen, (2013), the organizations should embrace diversity as well as look for the ways to form inclusive workplace as the diversity has the potential to yield larger work productivity as well as the competitive advantages. On the contrary, some of the academics have mentioned that diversity is an invaluable competitive asset and it is the part of the people management. This means managing or dealing with the diversity is the major component of people management in the workplace. In addition to all these, it can be added that demographic changes such as women in the workplace, restructuring in the organization as well as equal opportunities legislations may require the organizations to review and evaluate their management practices. In addition, the organization may also have to develop new as well as creative skills to manage people. Required tools for diversity management It is necessary for the effective managers to be aware of some specific skills that are significant for creating or forming a successful and diverse workforce. Firstly, the managers or the leaders need to understand the discrimination as well as its consequence. Secondly, the leaders or the managers need to understand their own culture biases as well as the prejudices. In this context, Nielsen and Nielsen (2013) diversity is not about the differences among the teams or the groups, but it is about the difference among the individuals. As argued by Vidal et al. (2013), the diversity management does not rely on any particular recipe. Thus, it generally depends on the managers ability to realize what is effective for the organization. This is based on the teamwork as well as the dynamics of the workplace. In accordance with the opinions mentioned given by Qian, Cao and Takeuchi (2013), managing diversity is one of the comprehensive techniques for forming a work environment that involves everyone. Thus, both mangers as well as associates should be aware of their individual basis. In such a case, the organization Flextronics should develop, implement and maintain ongoing training. International performance management Performance is considered as the achievement of the firm in respect with its goals and objectives (Budhwar and Debrah 2013). It may include the outcome achieved through the contribution of the individual or the team or the organizations strategic goals. As mentioned by Nielsen, and Nielsen (2013), the term performance is consisting of economic and the behavioral outcome. In addition to all this, it can be mentioned that different studies demonstrate that human resource management has the positive relationship on organizational performance. In addition, it can also be the source of sustainable competitive advantages to the organization. The existing literature provide the outcome, which indicates that performance management was developed as the strategic management and integrated technique, which could incorporate, goal setting and performance appraisal. The performance management is developed aligning the individual goals with the goals and objectives of the organization. It is signi ficantly concerned with how people work, how the people are developed or managed to enhance their performance and how to increase their contribution to the organization. Hence, the scenario of increasing growth of the Flextronics indicates the ways of how the organization have managed its people and developed the skills of the employees to experience the differences in the productivity. After a decade of increasing growth in 1990s with large number of acquisitions, factories within the organization had to deal with the issues raised by the customers regarding the products and services. In such situation, the organization developed the initiative to form ONE Flextronics. It significantly focuses on developing the production relevant techniques to make ONE Flextronics idea an effective one in the practice, which would be visible to the consumers, suppliers and the employee. Globally, multiple teams have been collected to implement the idea. However, it was necessary for the organization to develop one field for sharing these ideas and providing training to the individuals. This has helped the organization to develop new leadership style and managerial approaches. The idea was offered to deliver a tailored approach for training and development. In this context, Lauring (2013) commented that while developing the performance management system, it is necessary for the organization not only link the organizational goals with the individual goals, it is also important to link the goals with different aspects of human resource management like human resource development, employee rewards to people management. In addition, the performance management is mainly concerned with the performance improvement to accomplish both individual as well as organizational effectiveness. As mentioned by Nielsen and Nielsen (2013), the performance development is underpinned by two different principles. One is the idea that efforts of the employee s needs to be goal-directed as well as another are that that performance improvement should be sustained by the improvement of employees ability. Training and development In order to develop the organizational productivity, it is necessary for the organization to focus on employees performance (De Waal 2013). The organization could measure employee performance based on certain criteria such as productivity, commitment, communication skill, approach, technological skills. In such situation, the organization should provide certain training and education to brush up the skills. Training is important not from the perspective of the organization but also for the employees who work for a long time in the organization. While providing training to the employees, the organization should divide certain areas of training. For example, some employees may require technological knowledge and skills; some may require training in dealing with the clients. Likewise, the Flextronics could divide the areas and based on that they analyze the issues and provide the necessary assistance. It is evident that training and development is one of the effective managerial fields of motivating employees and increasing the performance of the employees. By providing appropriate training, the organization could positively influence employee performance Conclusion and Recommendation On the completion of the report, it can be mentioned that human resource management is an important aspect of the business, which could largely influence organizational performance. Different approaches are involved in human resource management. Over the decades of research, the approach of managing the human resource in the organization has been developed. In order to manage diversity in the organization, the Flextronics could provide the opportunities to female employees. The company could recruit people from different cultural background. In addition, the managers need to have the ability to understand the cultural differences of the employees. Reference list: Alegre, J., Sengupta, K. and Lapiedra, R., 2013. Knowledge management and innovation performance in a high-tech SMEs industry.International Small Business Journal,31(4), pp.454-470. Budhwar, P.S. and Debrah, Y.A. eds., 2013.Human resource management in developing countries. Routledge. De Waal, A., 2013.Strategic Performance Management: A managerial and behavioral approach. Palgrave Macmillan. Dellinger, R.P., Levy, M.M., Rhodes, A., Annane, D., Gerlach, H., Opal, S.M., Sevransky, J.E., Sprung, C.L., Douglas, I.S., Jaeschke, R. and Osborn, T.M., 2013. Surviving Sepsis Campaign: international guidelines for management of severe sepsis and septic shock, 2012.Intensive care medicine,39(2), pp.165-228. Golicic, S.L. and Smith, C.D., 2013. A metaà ¢Ã¢â€š ¬Ã‚ analysis of environmentally sustainable supply chain management practices and firm performance.Journal of Supply Chain Management,49(2), pp.78-95. Laegreid, P. and Christensen, T. eds., 2013.Transcending new public management: the transformation of public sector reforms. Ashgate Publishing, Ltd.. Lauring, J., 2013. International diversity management: Global ideals and local responses.British Journal of Management,24(2), pp.211-224. Marler, J.H. and Fisher, S.L., 2013. An evidence-based review of e-HRM and strategic human resource management.Human Resource Management Review,23(1), pp.18-36. Nielsen, B.B. and Nielsen, S., 2013. Top management team nationality diversity and firm performance: A multilevel study.Strategic Management Journal,34(3), pp.373-382. Nielsen, B.B. and Nielsen, S., 2013. Top management team nationality diversity and firm performance: A multilevel study.Strategic Management Journal,34(3), pp.373-382. Qian, C., Cao, Q. and Takeuchi, R., 2013. Top management team functional diversity and organizational innovation in China: The moderating effects of environment.Strategic Management Journal,34(1), pp.110-120. Renwick, D.W., Redman, T. and Maguire, S., 2013. Green human resource management: A review and research agenda.International Journal of Management Reviews,15(1), pp.1-14. Ruigrok, W. and Van Tulder, R., 2013.The logic of international restructuring: The management of dependencies in rival industrial complexes. Routledge. Seuring, S. and Gold, S., 2013. Sustainability management beyond corporate boundaries: from stakeholders to performance.Journal of Cleaner Production,56, pp.1-6. Ulrich, D., 2013.Human resource champions: The next agenda for adding value and delivering results. Harvard Business Press. Vidal, T., Crainic, T.G., Gendreau, M. and Prins, C., 2013. A hybrid genetic algorithm with adaptive diversity management for a large class of vehicle routing problems with time-windows.Computers Operations Research,40(1), pp.475-489.

Reading the American Past, Volume II From 1865 Selected Historical Document

The introduction: the fundamentals of the postwar period While analyzing the Lessons of World War II by Marshall, there is a need to highlight the fundamentals of the period. So, one is to keep in mind that the postwar period was characterized by successful reconstruction of the economies. It seems that representative institutions appearance was the greatest as well as the most successful event of the postwar period.Advertising We will write a custom essay sample on Reading the American Past, Volume II: From 1865: Selected Historical Document specifically for you for only $16.05 $11/page Learn More The Marshall Plan is considered to be the key aspect of the success Western Europe experienced. Thus, this idea is confirmed by DeLong Bradford and Barry Eichengreen. In other words, one can state that Marshall’s Plan was of great significance for the prosperity of Western Europe. Of course, the fact that Marshall’s program had a great success is recognized to be indisputable; however, taking into account the points Marshall’s Plan included, one can state that the importance of the Plan is evident when analyzing alleviating resource shortages. Generally, the main purpose of Marshall’s Plan was to eliminate hunger, and poverty. There is also a need to add that working economy revival was the key aim of the program. The importance of Marshall’s Plan It is necessary to point out that fear of financial chaos was regarded as the principal problem in Europe. For this reason, one can make a conclusion that this fear had to be solved with Marshall’s program. On the other hand, nobody can neglect the impact of the psychological affect on people all over the world. Generally, they say that the reconstruction of Western European countries was much more important than performance of the duties of the East Europeans. Moreover, Cox and Kennedy-Pipe are of the same opinion. While speaking about Dwight  D. Eis enhower’s farewell address, one is to keep in mind that this speech became really legendary. It seems that Eisenhower’s speech had a great impact on the interdependence between the military and defense industry. On the other hand, the role of the universities can’t be neglected. The most important point, which is to be discussed, is the way the power had to be used to protect the interests of the whole world. So, Eisenhower was sure that crises can’t be avoided; so, for this reason, he recognized the importance of the solutions to resolve various contradictions. The principal aim of the so-called military complex was to establish public policy in relation to American democracy. In other words, the main aim of Eisenhower’s speech was to let know beforehand about dangers of the product of military establishment.Advertising Looking for essay on history? Let's see if we can help you! Get your first paper with 15% OFF Learn More The conclu sion: the U.S. economy While analyzing Johnson’s book and taking into account the above-mentioned points concerning the postwar period, one can make a conclusion that economic state of the USA became more stable. It can sound strange; however, the structural break in the economy of the USA became a necessary step to stabilize its financial state. When speaking about Marshall’s Plan, one is to keep in mind that Marshall was not the first Western leader who proposed to use American dollars for economic stabilization of Europe. However, he was the only person who led the way. In other words, the peculiar feature of Marshall’s Plan was economic recovery of the whole world. It was obvious, that without his plan, there could be no political stability in the world. On the other hand, without Marshall’s program, peace could be also under the threat. Works Cited Johnson, Michael. Reading the American Past, Volume II: From 1865: Selected  Historical Documents, 20 08. Web. https://www.amazon.com/Reading-American-Past-Historical-Documents/dp/0312459688. This essay on Reading the American Past, Volume II: From 1865: Selected Historical Document was written and submitted by user Karlee Pittman to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.