I worked for the Kings County Board of Realtors before going back to school from 2007 till 2014, I feel I had a front row seat to what transpired. The market soared in the early 2000’s because loans were given out like candy to people that really couldn’t afford it and didn’t understand what they were signing up for when their rates would change and their houses were being ripped out from under them. I watched as houses were taken from families left setting empty for several months creating eye soars in the community. Other problems arose as well, pools left stagnant creating pest issues, break-ins by drug uses to collect cooper wiring and appliances. Bailouts by the government that were designed to help people keep their homes were being used by banks after the house sat in ruin for several months. One of the main problems I saw was the people that were creating the problem were also in charge of the solutions which is bad business. They were able to bail themselves out but it left families without homes. What I find ironically funny is the statement quote used for this essay topic, “Those who do not learn history are doomed to repeat it”. This is something our government needs to take heed to, because they are the ones repeating history. Right now as we speak banks are again selling houses to people that cannot really afford the payments, they are signing contracts without reading the fine print of the balloon rates that are going to make it impossible to keep their
Why is there racial tension and political dissension in America? Why did Russia feel its Crimean invasion was justifiable? How did China become an economic power? These questions are answered by a proper understanding of history, helping us to better comprehend the world of 2015. Education’s role needs to be thus: to prepare students as learned individuals and to exist in such an international community. This is why I think history is still incredibly relevant despite focusing on the
As both the video and Joy Hakim point out, understanding the past is the key to understanding the present. The phrases “Those who don’t learn their history are doomed to repeat it” and “Learn from your own mistakes” are very common phrases, and also very true. History has provided us with many examples as to why we should watch our step and choose wisely. When you really start thinking about it, you learn from your mistakes. You eat ice cream too fast, and get a headache, so next time, you eat it a little slower. But if history is full of warnings and mistakes, we aren’t very good at at heeding them. In my research, I discovered that both Hitler and Napoleon made the same mistake in their attempted takeovers. Hitler and Napoleon both
When the real estate market hit rock bottom, trust was broken between the lenders and
In the United States, the lending industry’s lack of aggressive monitoring was a big part of the housing market crash of 2006. The Las Vegas housing market, once a booming industry in 2003 to 2005, is now one of the top 3 cities in foreclosure properties. I sat with Suzanne Pashnick to get her take on what happened, who is to be blamed and what can be done for the city to recover. Suzanne has been in the real estate field since 1995 and began her career in Michigan. In 2005, she moved to Las Vegas and continued her career in real estate and is currently an agent for CENTURY 21 MoneyWorld and remains licensed in Nevada.
As the professor James W Loewer, author of the book, referred that Americans have lost touch with their history. Our teachers and textbooks play important roles in our history study. However, it is their eliding and misrepresenting factoids that have been obstacles in our history studying. Because access to too much errors and distortion, many Americans can hardly understand the past of the country. As a result, we lack the ability to reflect on what’s going on right now and in the future.
Edmund Burke once said “Those who don't know history are destined to repeat it.” Unfortunately, it seems that many people who have impacted the world have had a bad history teacher, as history continues to repeat itself to this day. One of the most prime examples of this is seen in the Middle East; where the Palestinian people are fighting against the Israelis over territory in which they both believe belongs to them. It has been a dispute which has resulted in loss of homes, loss of life and loss of money. However, this is nothing new. Eugene O’Neill’s statement, “There is no present and no future, only the past happening over and over again, now” applies strongly to the situation of the past 70 years in the
Americas history is what defines us and who we are as a country. We were built on hard work, sacrifice, wanting to be free and independent to be who we want to. Now a-days, we seem to have fallen away from this. Everything is given to us so easily on our computer and through technology that we have no need to work hard anymore. This is the downfall in humanity because as we keep going, life will continue to get easier and we won’t want to do anything. History is our hope so that we can learn from what we did in our past and how things were done then.For starters, we can see what mistakes we did and make sure we don’t do them again. If we continue to the same thing over and over again, there’s no way for our society to improve from this. Our
The housing crisis of the late 2000s rocked the economy and changed the landscape of the real estate business for years to come. Decades of people purchasing houses unfordable houses and properties with lenient loans policies led to a collective housing bubble. When the banking system faltered and the economy wilted, interest rates were raised, mortgages increased, and people lost their jobs amidst the chaos. This all culminated in tens of thousands of American losing their houses to foreclosures and short sales, as they could no longer afford the mortgage payments on their homes. The United States entered a recession and homeownership no longer appeared to be a feasible goal as many questioned whether the country could continue to support a middle-class. Former home owners became renters and in some cases homeless as the American Dream was delayed with no foreseeable return. While the future of the economy looked bleak, conditions gradually improved. American citizens regained their jobs, the United States government bailed out the banking industry, and regulations were put in place to deter such events as the mortgage crash from ever taking place again. The path to homeowner ship has been forever altered, as loans in general are now more difficult to acquire and can be accompanied by a substantial down payment.
To know the past is to know the future. In his essay Knowing History and Knowing Who We Are, David McCullough argues about the importance of studying and teaching history. In his essay, he explains that there are three main points about history: character and its effect upon destiny, our failure of teaching the future generation, and the importance of learning and listening to history. David McCullough strongly advocates that audience should start to listen to and teach about the past in order to learn about the way a person’s character can affect their destiny.
There is no doubt that history repeats itself and even though it isn’t direct if we look a little deeper we can see the similarities. No matter how hard we hide history will discreetly fined a way to
By teaching only the happy-go-lucky versions of history, people are not able to learn from previous ancestors’ mistakes and, instead, are more prone to causing history to repeat itself through their own ignorant
Whether the history be good or bad we can’t just forget like something never happened because what happens when something similar appears in the future, it could happen all over again! Tirman writes “Forgetting history is a national pastime of the opinion and policy elite” (Tirman 195). He goes on to talk about why America likes to forget the past; it’s because we have done something that might not look good in the public eye so it isn’t taught or talked about. A great example of the past repeating itself because we decided to not pay attention to the past is the resent Great Recession to the Great Depression. While the Great Recession was not as bad as the Great Depression one major key was the cause of both of these economic downtimes, and it was due to irresponsible lending and borrowing from banks and consumers. Could the recession been avoided, possibly if banks and people would pay more attention to the past and also be more careful when it comes to lending and borrowing. Tirman uses the American occupation in many countries as an example of us forgetting the past writing, “American-led genocide in the Philippines in the early 1900s? Never heard of it? Ethnic cleansing of indigenous peoples in what is now America? We call it Manifest Destiny” (Tirman 196). We don’t think, talk, or learn about most of these things because of how diverse America is and we don’t want to be the “bad guy” even if it leads to something similar happening again. I agree with Tirman that no matter how bad something makes us look we still need to pay attention to it because what happens when something similar comes around in the future? Do we want it to happen again? If you ask me, it shouldn’t happen again because we want to look like the good guy and forget our horrible
Have you ever heard the saying “Those who cannot learn from history are doomed to repeat it.” and “We learn from history that we learn nothing from history.”? These quotes come from George Santayana and George Bernard Shaw, these men tell how it’s common for people to repeat past mistakes. However, if people learn to look back and understand history, it’s harder to replicate disastrous actions. History is full of wars and brutish words, yet the source of all these problems come from a single issue: power. Leaders seek power in every crevice they can find. In the book, “Animal Farm” by George Orwell, Napoleon is a cruel dictator who successfully takes over a farm after running off its competitors. Major, an old pig, told the farm of a new way of living. However, after he died, Napoleon steadily took over the farm. Therefore, taking the time to understand history’s past and mistakes can be an effective weapon against repeating the same mistakes. Failure to learn outcomes in a repetition of history, as Napoleon proves, as shown in today’s life, learning from history helps resolve futures issues, and only suffering comes from problematic actions of the past.
Now and days every person must take at least two years of history in order to pass high school. Many people, including myself, ask the question,“Why must we take history?” Well the answer many of us get is, “ So that history does not repeat itself.” The real question of the matter is, Does history repeat itself? History has repeated itself over and over again. An example of this would be the genocide that occurred in the Ottoman empire in 1915, nearly 88 years later another genocide has occurred in Darfur in 2003. These two events are both similar and different in ways, but none-the-less are proof that history does in deed repeat itself.
Every American student has heard, read, or written the quote, “Those who do not learn history are doomed to repeat it” more times than they can remember. It is probably the most memorable take away from middle school history classes. It comes from a saying by 19th century philosopher George Santayana, who originally wrote, “Those who cannot remember the past are condemned to repeat it” (Santayana 243). While its unrelenting repetition has earned it a reputation as a cliché, overused history essay attention grabber, its validity cannot be denied: it is a fundamental aspect of life to learn from one’s mistakes. Every dictatorship or tyrannical government eventually leads to revolution, just as every revolution that places total power in the hands of a single ruler leads to an autocratic rule. High quality institutions will always create cycles of positive feedback that are difficult to reverse, encouraging good behavior and in turn building the strongest societies. Accordingly, authoritarian institutions that funnel the majority of the wealth into the hands of an elite minority will never progress in the long run.