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Essay / Research Paper Abstract
In fourteen pages (12 pages + 1 pg. abstract and 1 pg. outline) this paper analyzes the economic repercussions of the prohibition of marijuana as opposed to its legalization with costs, effects, elasticity, supply and demand among the topics examined. Eleven sources are listed in the bibliography.
Page Count:
14 pages (~225 words per page)
File: TG15_TGpotecon.rtf
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Unformatted sample text from the term paper:
mired in a malaise of national debt, oil dependence, and a multibillion dollar financial crisis. Once upon a time, America was completely self-sufficient, relying upon agriculture to feed its
people and to generate income from its farmers. However, as times changed, so did economics with goods and services supplanting agriculture as the largest source of revenue. The
basic rule of economic theory is revenues must exceed expenditures in order to generate profits. America learned a painful lesson during the Great Depression when alcohol was removed from
the economic equation due to Prohibition. While the U.S. economy was at an all-time low, America was sinking funds into prohibiting the sale of alcohol through legal and judicial
means when it could have bailed itself out of the Depression by reinstating its legalization. When the Eighteenth Amendment was appealed, legalized alcohol sales rejuvenated the American economy and
lessened the incidences of crime and the expenses needed to fight Prohibition-related crime. Marijuana is a contemporary example of twenty-first century Prohibition in the United States, and the scenario
reveals how history repeats itself. In this economic overview, the costs of prohibition are assessed against the economic effects of its legalization with federal, state, and local government statistics;
competition; elasticity; supply and demand evaluations; tax revenues resulting from marijuana legalization; agricultural and energy considerations evaluated. The natural economic conclusion is that the legalization of marijuana makes much
more sense in terms of dollars and sense than prohibition, which is comparable to throwing government money and tax dollars down a money pit. I.
Introduction & Thesis A.) With a national debt of $9.5 trillion, the American government needs to find cost-efficient ways to retain its economic self-sufficiency while generating greater income and revenues.
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