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  • Essay / Poverty versus Poverty - 1545

    The world is divided into many divisions, but the main component in conflict with the world is the problem of economics, which leads to class division. Money can influence the prosperity or suppression of the economy because the economy relies on the circulation of money. Poverty affects the whole world and is not only a concern for underdeveloped countries, but is also a concern for developed countries. “…no matter how rich one is, there will always be poverty” (Sawhill). Although the United States produces more people than any other industrialized country, it still suffers from unemployment, inflation, and other factors that lead to poverty. Poverty is inevitable and can happen to anyone. There is no possible way to eliminate poverty, but there are ways to reduce the poverty rate. The United States is a strong nation, but every nation has its challenges. The Pledge of Allegiance declares “…one nation under God, indivisible…” but in reality the United States is divided into several factions. Although the United States is a strong nation, during the 1970s and 1980s it suffered from economic problems that divided the nation into different classes. The American dream was a goal that many citizens wanted to achieve, but during the 1970s and 1980s, it was a goal that many citizens wanted to achieve. difficult task, because success does not come knocking at the door. During this period, many citizens lost faith in their government as they entered a recession after the Vietnam War. The economy failed to prosper and unemployment rates increased over time, leaving citizens unemployed. As unemployment increased, living standards fell, the nation was divided into different classes, the rich and the poor. The stock market was chaotic and pushed people into poverty during this period. Poverty remains a conflict that arises in every nation. In recent years, the United States has taken steps to reduce the poverty rate by taking 3.5 percent of its gross domestic product, or about $350 billion, and distributing that money to low-income families. Poverty rates fluctuate as immigration increases. The United States has taken steps to maintain poverty rates while the economy still lacks stability. Citizens considered poor live in better conditions than many other citizens who are not. During the 1970s and 1980s, the economy was almost as bad as the Great Depression. The United States recovered from many economic problems and managed to prosper. Even though poverty engulfs much of the planet, it is possible to reduce the poverty rate..