The Gallipoli campaign Article Example | Topics and Well Written Essays - 500 words

The Gallipoli campaign - Article Example It is estimated that more than 130,000 Allied soldiers died. Surprisingly, the Turks fiercely put up a resistance that proved impossible for the Allied forces to crack. Throughout the Wars in Europe, the Ottoman Empire had remained neutral for it was still recouping from internal civil strives and political instabilities (Broadbent 12). However, by 1914, the Turks had fully recovered and entered the World War 1 on the side of the Central Powers- Germany and Austria-Hungary (Hart 8-13). Turkey as a country lies between the Europe and Russia. In this case, it was impossible for Europe to link up with Russia with Turkey at the center as a Central Power (Hart 8-13). The Allied Forces therefore wanted to capture the straits so as to be able to establish links with the Russians through the Black Sea (Hart 8-13). Capture of the Dardanelles Straits would have also made it easy for the Allied forces to kick the Turks out of the war (Hart 8-13). Nevertheless, even though the Gallipoli Campaign was only seen as a great loss on the side of the Allied forces, the war brought equal losses to both sides. The Allied forces lost a huge number of soldiers and warships while Turkey’s national resources were largely damaged and not forgetting the high number of Turk soldiers who lost their lives in this War (Hart 8-13). Further, Broadbent (57-61) argue that the Allied forces wasted a lot of resources in the Gallipoli Campaign that would have been vital to them on the major war front. It was unrealistic how the Allied forces lost this particular battle but critics argue that the loss was as a result of poor execution of warring strategies (Hart 8-13). The British and her allies were steered by ill-fitted goals, insufficient artillery, overconfidence, inaccurate intelligence and maps, poor plans, tactical deficiency, in experienced troops as well as the inadequate logistics and equipment (Broadbent, 19-20). The

Monetary and Fiscal Policies on Recession Research Paper

Monetary and Fiscal Policies on Recession - Research Paper Example As a result, the rate of unemployment goes up reducing the purchasing power of consumers. Consecutively, money supply in the economy becomes significantly low (Navarro, 2009). Fiscal policy is used by governments to stabilize aggregate demand and aggregate supply in the economy by influencing the government spending, borrowing and taxation. The government uses fiscal policy to change the patterns of people’s spending. According to Keynesian school, fiscal policy helps restore employment rates, demand and output where the economy is operating below capacity. Keynesian recommends two types of fiscal policies; expansionary fiscal policy and contractionary fiscal policy. Expansionary fiscal policy is used where the government requires deficit spending in case of recession while contractionary fiscal policy is used when there is an excess expansion which requires a surplus in the budget (Renee, 2009). Monetary policy is another tool used to manage the aggregate demand and supply by controlling the supply of money in the economy. The government uses the central bank to control growth, liquidity, inflation and consumption due to changes in the amount of money in the economy. The Federal Reserve System responds to excessive money supply by raising the interest rate and lowers the interest rates when there is low money supply in the market (Borio & Disyatat, 2010). The Great Recession of 2008 presented severe economic conditions in the US and also in other countries. Furthermore, the recession was associated with elongated economic slumps and slow economic recoveries. After recession, most of the world economies went into depression and this caused a large gap in the recovery of the currency, as the developing countries have weaker currencies compared to the developed countries.