Themes in Global History

In: Historical Events

Submitted By yoshi101
Words 2443
Pages 10
CC 2.2- Themes in Global History since 1500 C.E.

How Does History Repeat Global History

It’s common for historians to argue about different events of history and to provide their opinions from the facts they have collected and studied. The only thing that historians tend to agree on is that history tends to repeat itself. Our various history lessons always tell the tale of a society faced with an issue and then goes into detail how our predecessors were able to confront it. A question we can ask ourselves when faced with a similar situation is “Can the solution that may have worked 300 years ago work in these modern times?” President Barack Obama has spoken on many proposals that can be linked back to Adam Smith’s “The Wealth of a Nation” like strengthening our domestic products, progressive taxes, war and its effect on the economy. Many are also arguing that he may have socialist intentions that are supported by the theories of Karl Marx where there is an even distribution of wealth. Our economy is in disarray because of policies that weren’t kept in check to prevent what we are experiencing today. Many of Adam Smith’s ideas are being experienced today in both a negative and positive way and along with certain ideas of Karl Marx, will be essential to our current administration in leveling our economy and rebuilding the wealth of our nation.
What worries me the most about our current times is that people are worried about it. Have we not been in a recession, have we not had major job losses that reduced our GDP? This is not meant to sound insensitive but instead it’s meant to be insightful. We have been here before, and if history is correct we will be here again especially if we don’t adapt to learn from our mistakes, which we have a tendency of overlooking. The Wealth of a Nation was written by Adam Smith who is often…...

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