Question 1: Discuss what you learned about yourself from the Style under Stress Test and how you respond to crucial conversations. Question 2: Tell us the story of a professional conversation, related to your project design, that you would categorize as crucial. How did you respond? After reading the book, how would you redo the conversation? Question 2 alternate: If you have not yet officially begun development of your capstone project, tell us the story of a professional conversation, that you would categorize as crucial. How did you respond? After reading the book, how would you redo the conversation?
The 1920s, often referred to as the Roaring 20s, brought new changes to America. As families grew richer, they could afford items once considered luxuries. Automobiles were a prime example. Encarta Encyclopedia's "Roaring 20s" article says, "Annual car sales tripled from 1916 to 1929" and that "9 million motorized vehicles on the road became 27 million by the end of the 1920s" (25). The 1920s also introduced new technology designed to make life easier for the American consumer. Factories churned out "new home appliances such as refrigerators, washing machines, and vacuum cleaners" (25). With so much consumer demand, it was a good decade to be in business. Economist John Kenneth Galbraith explains in his book The Great Crash of 1929 how "American capitalism was undoubtedly in a lively phase. Between 1925 and 1929, the number of manufacturing establishments increased from 183,900 to 206,700 [and] the value of their output rose from $60.8 billion to $68.0 billion" (Galbraith 2). Finally, Americans themselves adopted a consumerist attitude. This new attitude was illustrated by Flapper girls, women armed with "bobbed hairdos, short skirts, makeup, and cigarettes" who supported growth industries of the 1920s like "the beauty parlor, the ready-made clothing industry . . . and tobacco production" (Encarta 26). The overall mood of the 1920s caused President Calvin Coolidge to tell Americans they should "regard the present with satisfaction and anticipate the future with optimism" (Galbraith 1). But while Coolidge praised Americans at the time, "they were also displaying an inordinate desire to get rich quickly with a minimum of physical effort" (Galbraith 3). Those who wanted to become wealthy engaged in speculation, which lecture describes as an investment activity which involves predicting future price movements. There is a difference between speculative investment and regular investment. John Maynard Keynes in his General Theory of Employment, Interest and Money clarified this difference: Speculation is the "the activity of forecasting the psychology of the market" while long-term investment, which Keynes calls "enterprise" is the "activity of forecasting the prospective yield of assets over their whole life" (Keynes 6). Thus, speculators invest their money in the short term, with the hope that they will make a profit when prices rise. Keynes observed that enterprise normally outweighs speculative investment, but in New York "the influence of speculation. . . is enormous" (Keynes 6). The British economist worried that the American propensity for speculation was dangerous. Unlike the English who invest for income, Keynes felt Americ>GET ANSWER