scholarly journals The Shemita Effect, How a Jewish agricultural law prompted fear for Evangelical investors: Confirmation Bias and Bandwagoning in Action

2017 ◽  
Vol 9 (2) ◽  
pp. 96
Author(s):  
Daria J. Newfeld

This paper examines how Shemita, a Jewish agricultural law only applicable in Israel came to be viewed by Evangelical Christian Investors as a signal of a potential stock market crash in September, 2015 purportedly as a consequence of G-d’s displeasure with the United States. In 2014 Johnathan Cahn, a popular Evangelical preacher, published “The Shemita Effect” which claimed that the seven year Shemita cycle mirrored stock market patterns over the last 50 years and suggested an impending crash. This theory was quickly taken up by conservative Christian Evangelical media and at least one man was convinced enough to start an entire investment company based on it despite the fact that it is easily disproven using basic statistical analysis of freely available data. This bizarre incident illustrates confirmation bias and bandwagoning effects in action, amplified with religious fervor.

2017 ◽  
Vol 9 (2(J)) ◽  
pp. 96-103
Author(s):  
Daria J. Newfeld

This paper examines how Shemita, a Jewish agricultural law only applicable in Israel came to be viewed by Evangelical Christian Investors as a signal of a potential stock market crash in September, 2015 purportedly as a consequence of G-d’s displeasure with the United States. In 2014 Johnathan Cahn, a popular Evangelical preacher, published “The Shemita Effect” which claimed that the seven year Shemita cycle mirrored stock market patterns over the last 50 years and suggested an impending crash. This theory was quickly taken up by conservative Christian Evangelical media and at least one man was convinced enough to start an entire investment company based on it despite the fact that it is easily disproven using basic statistical analysis of freely available data. This bizarre incident illustrates confirmation bias and bandwagoning effects in action, amplified with religious fervor.


2018 ◽  
Vol 46 (3) ◽  
pp. 184-198 ◽  
Author(s):  
Jaclyn M. Davis ◽  
Kerry E. Horrell ◽  
Tamara L. Anderson ◽  
M. Elizabeth Lewis Hall

The present study examined how Evangelical Christian women’s marital satisfaction is related to religiosity (i.e., religious commitment and sanctification of marriage), role ideology, and role congruence. Societal messages surrounding roles in marriage tend to conflict with conservative Christian messages, and therefore Evangelical women likely experience unique tension while attempting to negotiate roles in their marriages. Two-hundred forty-nine Evangelical Christian women from across the United States were administered a survey containing a measure of religious commitment, two sanctification of marriage scales, a role ideology attitudinal scale, and a role congruence scale. The results indicated that greater levels of religious commitment and sanctification predicted marital satisfaction. Furthermore, sanctification predicted satisfaction above and beyond religious commitment. Women who demonstrated role congruence were found to be more satisfied with their marriages. More egalitarian women were found to experience greater role congruence, though role ideology was not significantly related to marital satisfaction. The Manifestation of God facet of sanctification moderated the relationships between both role ideology and religious commitment, and marital satisfaction. The findings from this study suggest that religion has important implications for the marital satisfaction of Evangelical women, both in itself and through its interaction with role-related variables.


2000 ◽  
Vol 1 (2) ◽  
pp. 355-390
Author(s):  
Todd Alexander Postol

The familiar neighborhood paper boy was a product of the Depression, born of the need to boost revenues and improve readership. Operating funds for newspapers swiftly declined in the wake of the 1929 stock market crash. Circulation managers responded with one of the few resources at their command—inexpensive juvenile labor. Drawing on connections linking men and boys in the marketplace, circulation heads fashioned a gendered managerial philosophy that was distinctive to their industry. This approach, here termed masculine guidance, revitalized daily news delivery and transformed the relationship between middle-class childhood and paid work in the United States.


Author(s):  
John Kenneth Galbraith ◽  
James K. Galbraith

This chapter examines the negative consequences of Britain's return to the gold standard in 1925 and the stock market speculation in the United States in the late 1920s. In Britain, as elsewhere, prices fell in 1920 and 1921 as the wartime shortages were overcome, the budget was brought back under control, and the boom came to an end. Unemployment, which had been negligible in the preceding years, rose to 12.6 percent of the labor force in 1921. The chapter considers Winston Churchill's justification of Britain's decision to restore the pound to its prewar gold content of 123.27 grains of fine gold, its old exchange rate of $4.87, John Maynard Keynes's case against Churchill, and the stock market crash of October 1929 in the United States after the Federal Reserve Board had issued a warning against banks's use of Federal Reserve funds to finance speculation.


Ted Shawn ◽  
2019 ◽  
pp. 223-284
Author(s):  
Paul A. Scolieri

This chapter examines how Ted Shawn’s attempts to fulfill his vision of a “Greater Denishawn”—a physical and artistic expansion of the company and dance school into a full-fledged arts colony and dance guild—was thwarted by a number of personal, artistic, and financial factors, most especially the stock market crash of 1929 and the ensuing economic crisis. It also elucidates Shawn’s first serious relationship with a man as well as the unraveling of his marriage to Ruth St. Denis and the parallel dissolution of Denishawn, the company and school that they had founded together. It then follows Shawn to Germany where he attempted to rebuild his career as a solo artist with the financial and artistic support of Katherine S. Dreier, modern visual artist, philanthropist, and the founder of the Société Anonyme, as well as his return to the United States where he laid the groundwork for what became his all-male dance company.


2013 ◽  
Vol 3 (1) ◽  
pp. 93-102
Author(s):  
Sheilla Nyasha ◽  
Nicholas M. Odhiambo

This paper highlights the origin and development of the stock market in the United States of America. The country consists of several stock exchanges, with the three largest being the NYSE Euronext (NYX), National Association of Securities Dealers Automated Quotation (NASDAQ), and the Chicago Stock Exchange. Stock market reforms have been implemented since the stock market crash of 1929; and the exchanges responded positively to some of these reforms, but not so positively to some of the reforms. As a result of the reforms, the U.S. stock market has developed in terms of market capitalisation, the total value of stocks traded, and the turnover ratio. Although the U.S. stock market has developed over the years, its market still faces wide-ranging challenges.


Author(s):  
Aref Emamian

This study examines the impact of monetary and fiscal policies on the stock market in the United States (US), were used. By employing the method of Autoregressive Distributed Lags (ARDL) developed by Pesaran et al. (2001). Annual data from the Federal Reserve, World Bank, and International Monetary Fund, from 1986 to 2017 pertaining to the American economy, the results show that both policies play a significant role in the stock market. We find a significant positive effect of real Gross Domestic Product and the interest rate on the US stock market in the long run and significant negative relationship effect of Consumer Price Index (CPI) and broad money on the US stock market both in the short run and long run. On the other hand, this study only could support the significant positive impact of tax revenue and significant negative impact of real effective exchange rate on the US stock market in the short run while in the long run are insignificant. Keywords: ARDL, monetary policy, fiscal policy, stock market, United States


Author(s):  
Peter McCormick

AbstractGiven the visibility and obvious importance of judicial power in the age of the Charter, it is important to develop the conceptual vocabulary for desribing and assessing this power. One such concept that has been applied to the study of appeal courts in the United States and Great Britain is “party capability”, a theory which suggests that different types of litigant will enjoy different levels of success as both appellant and respondent. Using a data base derived from the reported decisions of the provincial courts of appeal for the second and seventh year of each decade since the 1920s, this article applies party capability theory to the performance of the highest courts of the ten provinces; comparisons are attempted across regions and across time periods, as well as with the findings of similar studies of American and British courts.


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