Even though Tyler Perry early years were difficult he never forget about how to love and care for young children and the old. Throughout his career he donated a lot of time and money to various communities and clubs. He always found time to visit his old community to teach the young men about family morals. He has motivated them to…
Scottish philosopher and economist Adam Smith was the father of laissez-faire capitalism. This form of capitalism opposed the idea of mercantilism. However, laissez-faire capitalism was appealing to many emerging political industrialists since it allowing factory owners to impose almost any circumstance on their employees without governmental interference. This ideology allowed for many years of greedy…
John D. Rockefeller an oil tycoon and an investment mogul, he invented a new type of fuel for lamps called kerosene, formed an oil company called Rockefeller and Andrews, and his way of making profits was reinvesting the money he made back to the company. Later, Rockefeller formed a company called Standard Oil, the company quickly successful because he was in a good economic conditions and keeping margins high. He bought out all of his competitors, and he would make improvements, more efficient and profitable. He was a philanthropist in his later life. He donated his money into education, medicine, and the arts. In this way, he changed the public’s view big businesses and their leader.…
The market entrepreneur makes money in the free market by delivering the lowest prices and the best quality and service to its customers and the consumer. The market entrepreneur wins markets and beats out the competition because they are better and more efficient. Market entrepreneurs were often known as risk-takers and charitable people. Many of them donated money to needy, built libraries, gave land to farmers and let people go on ships for free or they had a cheaper fare. One of the most charitable entrepreneurs that we discussed was John D. Rockefeller. He gave to schools, churches and scientists who found cures for yellow fever, meningitis, and hookworm (Folsom 97). He believed in the term of stewardship. The book said that before John D.…
Even though he was a black minority, he was able to make tons of money by speaking his mind in a radical way. He is a rag's to riches story coming from the Brooklyn, New York. His father abandoning him only made his character stronger in a way that it created a certain hate that he was able to put forth in his songs. He sold drugs to make ends meet but was able to make a real career out of rapping and later in some movies. He was so good that while he was in jail, for sexual abuse, his 1995 album, Me Against the World, debuted at No. 1. It went double…
Even today you can find cultural appropriation in our modern music. M and M is a famous, white male rapper, Justin Timberlake who sings rhythm and blues, and Katy Perry are just a few celebrities who have been criticized for stealing music, and clothing from the black culture. M and M is known across the United States, as one of the best rappers. Rap and hip hop is one of things that defines black culture, yeta white male is considered one of the best. Before rap grew into one of the top selling music genres, many people hated it. They claimed it was not a true talent and would amount to anything. Katy Perry has been criticized on a numerous amount of occasions for stealing from other races. One song that has caused major issues was her song…
Economic freedom is the fundamental right of every person to control his or her own labor and property while political freedom is the freedom to exercise one’s rights as guaranteed under the laws of the country. In 1865 the African American Freedmen were finally given these rights under the 13th Amendment. It is not possible for the Freedmen to become politically free since they are not economically free because of the Vagrancy Act, the effect sharecropping had on their ability to make their own decisions, and the black codes implemented by the Southern States.…
The famous person that I chose to write about is Harrison Ford. Harrison Ford started off as a cabinetmaker. He did this job for fifteen years, just to make sure that he was able to pay his bills and put food on the table every day. Harrison Ford worked as a stagehand for The Doors, he built sound studios for Sergio Mendes, and he made cabinets for George Lucas. At the time George Lucas was not a well-known producer like he is now and he was producing the film American Graffiti. He offered Harrison Ford a small role in the film to make a little extra money and Harrison said yes. Later, as George Lucas become more famous, he asked Harrison Ford to do construction work for a bigger office. One day while doing construction, Harrison Ford was asked by George Lucas to read lines for the actors who were absent. The film just happened to be Star Wars. The off-the-cuff performance impressed Stephen Spielberg and he offered the lead role to Harrison Ford. The movie Star Wars ended up being the highest-grossing movie in history. Because of this movie Harrison Ford began a long career in Hollywood.…
In a free enterprise system individuals and businesses have the opportunity to compete against each other in a fair way. There have been many entrepreneurs who have used the free enterprise system to their advantage to be able to make it in the business world. One such entrepreneur who made an impact using the free enterprise system would be Steve Jobs. The free enterprise system made him able to compete against other companies to see who's inventions were better. It was this that made him one of the most successful business men in the world.…
Tyler Perry was named the “highest paid male entertainer in the world”, earning $130 million last year (Mail Online). What makes Tyler Perry’s work so popular in the acting business? The makings of his plays come from a very strong foundation. “It is easier to write about something that was experienced than to make something up” (Perry, 2010). Tyler Perry tells stories of the things that he is familiar with. Also, he bases his plays off of things that he has been through or someone close to him has been through. His significance is that he has a real story to tell, and he is determined to have it heard. Tyler Perry was born in New Orleans, Louisiana, as Emmitt Perry, Jr. His family consisted of three siblings, his mother, Willie Maxine Perry, and his father, Emmitt Perry, Sr., a carpenter. (Jet). Perry once said of his father, "his only answer to everything was to beat it out of you."(Perry, 2010) As a child, Perry once went so far as to attempt suicide in an effort to…
Emergency Economic Stabilization Act - provided authority for the federal government to purchase certain troubled assets and to provide individual income tax relief…
Hayek believed that for an economy to survive the free market must be allowed to have its ebbs and flows. He believed that while at times unemployment would be high government should not step in with more regulations. Hayek believed that government regulation on the market would lead to government control and would ruin the economy.…
Tyler Perry grew up living with his parents in New Orleans. Once he became grown he moved to Atlanta, Georgia. Tyler knew that black people were very successful in Atlanta. Tyler Perry was hoping to be a play writer. In the process of trying to become a play writer, he went from being homeless, to being recognized, to being successful.…
A free enterprise system provides individuals the opportunity to make their own economic decisions without restriction from the government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. Free enterprise gives the opportunity to anyone, regardless of whealth, status, or background to have a chance to rise as high as the talent and hard work can take someone. In a free enterprise system, one is free to choose his own path. No one picks one's proffesion and or limits what he or she can do. Also, free enterprise excels in developing solutions. It encourages, embraces and rewards innovation.…
Since self interest and self reliance motivates an individual to pursue their goals. Competition is one way that helps an individual pursue those goals. This is important to individualism because it highlights the differences between strengths and weakness, creativity and creates more opportunities. A mercantilist economy does not create opportunities. Employees are paid very little, and being oppressed. A free market economy creates opportunities. It allows us to buy and sell as we please. We can be our own boss and set goals for…