The Cold War Economy Essay Example | Topics and Well Written Essays - 1000 words

The Cold War Economy - Essay Example This is by availing its population with reliable employment opportunities and other essential services like housing, education for the veterans and other services, hence comprises some of the strategies during then aimed at empowering private sector. The American regime during cold war adopted or utilized mixed economy in its quest to evade fiscal anguish evident in the way it boosted the private sector. In order to ensure the then depression did not cripple banking industry, the state intervened with the intention of cushioning loaning process especially. As Mooney explains, â€Å"The Federal Housing Administration (FHA) established during the Great Depression to revitalize the real estate and home construction industries played a central role in creating postwar suburban America (Mooney, 147).† Hence, boosting the housing market by instituting FHA such that private sector did not have doubt in recovering their invested resources. This is through subsidizing long-term loan mo rtgages that acted as a great boost to the private sector towards doubling their efforts. This led to the creation of American suburb areas, which the private sector during then could not manage.It assisted veterans who wanted to go to college or technical school; it also helped millions of veterans purchase homes by guaranteeing mortgage loans made by private lenders (Moony, 139).† The aim of this Bill entailed evading the burden of the returned population from the war as they started to age. Since once they do not have anything to rely on will be the burden of the state to cater for their respective upkeep in terms of medical care. By imparting them with appropriate knowledge and varied skills within few years, they will be able to depend on themselves. In addition, the government will channel financial support meant for their care to other sectors, hence boost the economy. The government also came up with tight laws meant to secure firms’ interests such that employee s backed by their respective unions could not result in â€Å"wildcat strikes† which extremely expensive. According to lecture notes, â€Å"1947 Taft-Hartley Act established certain Presidential powers to be used to retain order in certain emergency situations (such as a strike or lockout that would likely cause adverse effects on an entire industry or would threaten national health, safety or security) (Lecture notes, November 13, 2013).† Hence, showing the then relationship between private sector and the central regime in ensuring both private sectors, which in this case encompassed industries and workers coexisted well. This is by ensuring both parties once there were any misunderstandings they were capable of resolving them adequately and effectively without resulting to injurious incidences. Some of these injurious or detrimental incidences encompassed unnecessary strikes and sometimes firms retrenching workers due to their respective union persuasions.

Critically discuss the application of traditional rules of offer and Essay

Critically discuss the application of traditional rules of offer and acceptance in English contract law in the context of (i) standard term contracts; and (ii) electronic communications - Essay Example Offer is referred to as an expression of desire to contract on specific terms which are made intentionally to become a binding after the person to whom it was addressed accepts it. It can also be defined as the statement of terms that the offeror is ready to be bound with. Acceptance requires that both parties should have engaged in conduct that manifests their assent in subjective perspective. The traditional approach that is applied in contract law is involves analyzing contract formation in terms of one party doing an offer and the other one accepting the offer. It has been argued by some scholars that not all contracts are analyzed in terms of offer and acceptance. They instead argue that one should focus on correspondence and the parties conduct as well as the parties’ terms of agreement Contracts which can not be analyzed in this perspective of offer and acceptance are said to be exceptional (Hedley, 230). Some critics have argued that the principles of offer and acceptance have a marginal relevance in business conduction. Different rules that are related to contract formation appear inform technical and schematic contract law. Practically, the law can adopt a fair and flexible pragmatic approach. Although most contracts are made using the offer and acceptance process, some agreements cannot be explained fully using the traditional approach. There are cases th at may proof hard to reconcile using the traditional approach and they include contract not resulting from parties’ agreement. The court may imply a contract in the bases of public policy or on the bases of expediency which makes it difficult to analyze. Generally contractual terms are settled using two methods that is by express negotiation and standard terms. English law when contrasted with other legal systems uses the analysis traditional offer and acceptance in cases of standard