What is the Oxford Comma?
The Oxford Comma is the final comma in a list of things before the word "and". For example: "I went to the grocery store and bought apples, oranges, bananas, and vegetables" verses "I went to the grocery store and bought apples, oranges, bananas and vegetables". It is usually up the writer when to use it and many writers have strong opinions on it's use.
What was the Boston Bread Riot?
The Boston Bread Riot was one in a series of three riots by the Boston area poor in the years 1710-1713. This was because in the early 1700s, the city had very little land that could be used for farming and, thus, Boston had to import all their grain. By 1709, grain prices were incredibly high and Queen Anne’s War was disrupting international trade. Because of these forces, there was a food shortage coupled with rising bread prices. The working poor felt this shortage the most and, since they were not allowed to vote, rioting or protesting was the preferred way to raise their voice. In April 1710, a group of rioters broke the rudder of a cargo ship to stop the wheat from being sold abroad. The next day, the group got larger and tried to force the captain ashore so they could loot the ship of the grain. However, they were to no avail and a 1711 fire left 100 working families without a home, compounding the problem. In May 1713, a huge mob of more than 200 angry citizens rioted on Boston Common. Imagine a beautiful park transformed into a battleground with mobs of people protesting high bread prices. This time the group did more than just attack ships and broke into warehouses looking for corn and actually ended up shooting the lieutenant governor. Politicians took this violence into account and passed laws that made exporting grain in a time of shortage illegal. The laws also lowered bread prices and created a public granary, which alleviated the immediate problem.
Why do we study economics?
Economics is a language that allows students to understand the world around them and create a better world for themselves and their children. It structures and categorizes our life and simplifies complex dynamics. Economics is at its core a question of scarcity and how to deal with limited resources. It doesn't just guide a textbook or a test. Economics is a way to think about your daily life and make decisions. It is an exploration in essentially what makes us human.