What does the Federal Reserve demonstrate about American culture? What systems of social manipulation created and perpetuated it? How is the Fed controlling/impacting the economy and consequently individuals?
I care about this topic because it impacts all American citizens. It is an injustice of which the American public is largely unaware. By controlling the monetary supply, the Fed is able to use sociological principles to control the market and the people. The goal of this project is to answer questions these questions in an interactive, educational website.
On Friday I also researched the Panic of 1907. JP Morgan was considered the savior after that event -- by keeping the large companies open and shutting down smaller ones. He was only perpetuating monopoly. Supposedly the panic was caused by a gold shortage after a earthquake in California, but I am trying to determine if JP Morgan had any role in causing the runs on the banks. The only banks with runs were in trusts, and I believe the public was whipped into a hysteria by rumors. Panics and stock crashes are the result of herd thinking. I will spend next Friday looking to back up or disprove some of my findings by reading sociological research on herd thinking.
This sounds interesting (from a historical and sociological perspective). Once you finish your topic proposal, make sure to meet with me and we can discuss it and you can get checked off.
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