A Decade of Radical Change [7: The terrible events of September 11 showed how a whole world might be driven deeper into recession. Argentina's economic meltdown has raised new fears about the perils of the interconnected global economy.
The writings and ideas of John Calvin, a leader in the Reformation, gave rise to Protestantism and were pivotal to the Christian revolt. They contended that The Church of England had become a product of political struggles and man-made doctrines. The Puritans were one branch of dissenters who decided that the Church of England was beyond reform.
Escaping persecution from church leadership and the King, they came to America. The Puritans believed that the Bible was God's true law, and that it provided a plan for living. The established church of the day described access to God as monastic and possible only within the confines of "church authority".
Puritans stripped away the traditional trappings and formalities of Christianity which had been slowly building throughout the previous years.
Theirs was an attempt to "purify" the church and their own lives. What many of us remember about the Puritans is reflective of the modern definition of the term and not of the historical account. Point one, they were not a small group of people. In England many of their persuasion sat in Parliament.
Though the Puritans won the fight with Oliver Cromwell's leadership, their victory was short-lived; hence their displacement to America. What it did show was the danger that their self-imposed isolation had put them in.
Most of the Puritans settled in the New England area. As they immigrated and formed individual colonies, their numbers rose from 17, in toin Religious exclusiveness was the foremost principle of their society. The spiritual beliefs that they held were strong.
This strength held over to include community laws and customs.
Since God was at the forefront of their minds, He was to motivate all of their actions. This premise worked both for them and against them.
The common unity strengthened the community. In a foreign land surrounded with the hardships of pioneer life, their spiritual bond made them sympathetic to each other's needs.
Their overall survival techniques permeated the colonies and on the whole made them more successful in several areas beyond that of the colonies established to their south.
Each church congregation was to be individually responsible to God, as was each person. The New Testament was their model and their devotion so great that it permeated their entire society. People of opposing theological views were asked to leave the community or to be converted.
Their interpretation of scriptures was a harsh one. They emphasized a redemptive piety. In principle, they emphasized conversion and not repression.
Conversion was a rejection of the "worldliness" of society and a strict adherence to Biblical principles. While repression was not encouraged in principle, it was evident in their actions.
God could forgive anything, but man could forgive only by seeing a change in behavior.We anticipate the economy will begin a gradual recovery in and , as confidence grows and the cost of capital falls, along with inflation, while exports pick up, thanks to solid growth in Argentina’s main trading partners (Brazil, the United States, and China).
Sources: Column 1 was computed from data in U.S. Bureau of the Census, Historical Statistics, p.
(series F-3); column 2 from data in U. S. Council of Economic Advisers, Annual Report, p. ; column 3 from data in Kendrick, Productivity Trends, pp.
(national security variant); column 4 from data in Kuznets, National Product in Wartime, p. 89 (Variant a); column 5 from data in Kuznets, “Long-Term . Since the beginning of monetary union, since , you can take different points in time too, over the last, let’s say 20 years, the German economy has grown about per cent less than the.
“The circular economy is a whole system approach,” she explained. “How it links to a number of models is by building on top.” Perhaps it comes as little surprise, then, that analysts monitoring the growth of the circular economy say the model also lends itself to a deeper reconsideration of how and why products are designed and sold.
Summing Up Capitalism is far from dead--but how it works is changing for good, say James Heskett's readers this month. What will it require from us? When this column was inaugurated 14 years ago next month, we were asking ourselves whether we had entered the era of the "new economy.
The bursting of the housing bubble sent the United States into the worst recession in decades. But as the economy recovered, so did housing prices. But as the economy recovered, so did housing prices.