the topic is basically what do you want to study in college and why.
my essay goes
My interest in economics originated when the 1997 Asian Financial Crisis hit South Korea. Better known as the IMF Crisis, this economic depression was engendered by wasteful spending of the Korean people, excess of import compared to export, and inability to pay back loans from the International Monetary Fund. The effects of the IMF Crisis lingered until 2000, when the president of South Korea formally declared the end of the depression.
I was only 6 years old when the depression took place, and I had no idea why it happened but I experienced the severity and seriousness of it.
My close friends moved as their fathers lost their jobs and could not afford to live in the city anymore. Almost every other week, one student would either leave my class, or come from somewhere else as a new student. Walking to and from school I could observe many stores being closed, and several just left vacant for months.
All of my uncles lost their jobs; two of which were entrepreneurs of small businesses which failed completely. I also remember that my family didn't celebrate most of the holidays during those years except maybe the New Year's Day, which my uncles didn't come to celebrate anyways.
From 1997 to 2000 was probably one of the most depressing years for Korea, but for me, it was also a time when I felt very proud to be a Korean. United as a whole, Koreans overcame the economic depression that seemed to tarnish our dignity and deprive of our confidence.
Interestingly, just like how the auto-industry is troubled in today's economic depression, Kia Motors of Korea was also very hurt. The government stepped in to bail out Kia Motors, one of the largest car makers in 1997. Companies went through numerous studies to develop the quality of their products. In the time of depression, the employers and the employees tried harder to compromise and cooperate with each other. Most importantly, the Korean people campaigned for using domestic goods rather than imported products, and against wasteful spending in general.
One of the most successful campaign Korean people ran was collecting gold. Koreans gave up their gold wedding rings, necklaces, watches, and even medals and trophies to support their troubled economy. This campaign collected more than 200 tons of gold and consequently helped Korean government to repay its debt from the IMF.
Through this experience I learned the importance of economy. I saw with my eyes the discouragement and depression it can bring, but I also saw that it can bring people together for a common goal of winning over that depression. Economy not only affects the country, but it also changes how individuals think and behave. With the adequate knowledge of economics, I learned that, just like how Koreans during the IMF Crisis unified and sacrificed for their country, I can also make a difference, and help others and my country; to maximize the capacity of my support, I want to study more about the economy to help more people, especially those who can't do much to help themselves during the economic crisis like my uncles.
thank you so much:)
my essay goes
My interest in economics originated when the 1997 Asian Financial Crisis hit South Korea. Better known as the IMF Crisis, this economic depression was engendered by wasteful spending of the Korean people, excess of import compared to export, and inability to pay back loans from the International Monetary Fund. The effects of the IMF Crisis lingered until 2000, when the president of South Korea formally declared the end of the depression.
I was only 6 years old when the depression took place, and I had no idea why it happened but I experienced the severity and seriousness of it.
My close friends moved as their fathers lost their jobs and could not afford to live in the city anymore. Almost every other week, one student would either leave my class, or come from somewhere else as a new student. Walking to and from school I could observe many stores being closed, and several just left vacant for months.
All of my uncles lost their jobs; two of which were entrepreneurs of small businesses which failed completely. I also remember that my family didn't celebrate most of the holidays during those years except maybe the New Year's Day, which my uncles didn't come to celebrate anyways.
From 1997 to 2000 was probably one of the most depressing years for Korea, but for me, it was also a time when I felt very proud to be a Korean. United as a whole, Koreans overcame the economic depression that seemed to tarnish our dignity and deprive of our confidence.
Interestingly, just like how the auto-industry is troubled in today's economic depression, Kia Motors of Korea was also very hurt. The government stepped in to bail out Kia Motors, one of the largest car makers in 1997. Companies went through numerous studies to develop the quality of their products. In the time of depression, the employers and the employees tried harder to compromise and cooperate with each other. Most importantly, the Korean people campaigned for using domestic goods rather than imported products, and against wasteful spending in general.
One of the most successful campaign Korean people ran was collecting gold. Koreans gave up their gold wedding rings, necklaces, watches, and even medals and trophies to support their troubled economy. This campaign collected more than 200 tons of gold and consequently helped Korean government to repay its debt from the IMF.
Through this experience I learned the importance of economy. I saw with my eyes the discouragement and depression it can bring, but I also saw that it can bring people together for a common goal of winning over that depression. Economy not only affects the country, but it also changes how individuals think and behave. With the adequate knowledge of economics, I learned that, just like how Koreans during the IMF Crisis unified and sacrificed for their country, I can also make a difference, and help others and my country; to maximize the capacity of my support, I want to study more about the economy to help more people, especially those who can't do much to help themselves during the economic crisis like my uncles.
thank you so much:)