You are on page 1of 1

CONCLUSION

Wizard of Oz as Monetary allergory

Although the Wizard of Oz is a great and exciting journey for children, with the attractive
message that individuals already have what they think they lack, several readers mistook the deceptively
simple fairy tale for a deeper exploration of more difficult political and societal issues. The Wonderful
Wizard of Oz was not yet proven as a monetary allegory . We really don’t know for sure what Baum
was thinking when he composed the novel .Baum's goal was not to instruct but to amuse. As a result,
the Oz story is best viewed as a children's fairytale as well as a metaphoric satirical reflection of the
Populist movement and the politics of the time. Simply said, Oz has two levels of operation: one real and
childish, and the other metaphorical and economic. The story of Oz only showed how brilliant the
Author was in creating his novel as many readers was interested to proved its real purpose.

The 2007 - 2009 financial crisis: An erosion of ethics

Bad crisis management, high borrowing, and a laid-back approach, in our judgment, were only
manifestations of a far more terrible disease: the underlying reason for this problem was the finance
system's delayed yet eventually massive collapse. In terms of ethical behavior across the financial
industry when the financial sector arrived, it brought with it a slew of new challenges .Once they're no
more constrained with their moral grounding, big banks were free to operate in manner that were
unjust. Brief interests of its and especially its company executives' – without concern for the long-term
effects on the industry's consumers, the US economy as a whole, or the long-term affect on the
industry's users also on staff members. In coclusion, Business ethics are just as vital as personal ethics.
Business executives play a unique and important role in defining the organizational conduct of their
companies, and hence have a significant impact on their communities. With increasing pressure of
corporate operations, it's more crucial than ever for businesses to do things correctly.

Hyperinflation

Inflation overall is a very important concept that the central bank of the country intends to
manage. However, mismanagement and a wrong turn of policy can make it a bomb in a form of
hyperinflation. It can ruin the economy and people feel worse as part of the process. A lot of wealth is
destroyed and the poor are hurt the most in such a situation. This results in a huge imbalance between
the supply and demand in the economy. If the same is left unchecked for a while, the price of the
currency starts following rapidly the prices of the goods starts rising substantially.

Crypto Currency

The economic impact of the crypto currency industry is starting to appear on the surface
of the overall global economy. With the technology only existing nine years it is very early to
determine an exact economic impact. An impact can also be seen in the regard to the electricity
consumption the mining operations require. Even governments have started to limit to the
energy consumption of mining operations. The community needs to find a solution in order to
scale the systems and reach the mainstream adoption within the next ten years.

You might also like