Business History Essay Example | Topics and Well Written Essays - 1250 words

Business History - Essay Example Smith's strong will coupled with his hard working attitude made him a successful man. His Canadian Office was in fact nicknamed as "The Light House" because the windows are frequently illuminated long after the remainder of the street was in darkness. On the other hand, Cooke's efficiency, friendliness and competence have impressed many businessmen which enabled him to climb in the corporate ladder of success. "He developed his skills rapidly, writing to his older brother at one point, 'I am getting to be a good judge of bank notes, can tell counterfeits at sight, and know all nearly the broken banks in the United States of America...' By the age of twenty-one Cooke was a full partner in the banking house..." (Frey 58). Smith had made his way to his fortune with the use of his persuasive skills and political connections. "He used his influence as an HBC officer and bribes to attempt a peaceful settlement..." (Redford 940). It was also said that, "Smith profited from his position in the HBC to survey business opportunities both for the company and for himself" (Redford 941). Smiths numerous personal business endeavours put a stress in his career at HBC (Hudson's Bay Company). "Undoubtedly, Smith's business ventures distracted him from his management of the HBC's affairs. He received periodic rebukes From Governor Sir Stafford Henry Northcote who complained that he had to report on land sales based on information gleaned from newspapers" (Redford 942). Smith was also said to have neglected the fur trade. William Joseph Christie, inspecting chief factor of the HBC reported to the London committee on the slack management of the company's affairs. Christie resigned his job when no action was taken on hi s information. Conversely, Jay Cooke first gained the attention of the banking industry when he marketed $3 million of Pennsylvania's bond issue. The state was in dire straits, it is indebted by $40 million. Cooke created a marketing strategy that made the bonds oversubscribe in less than a month. He sent agents all over the state and drafted circulars, pamphlets and posters emphasizing the patriotic need for the subscription of the issue. The proceeds of the bond issue were to be used as a necessary capital to win the war. Mr Cooke capitalized patriotism in selling the bonds. It can also be observed that Smith was politically active. It is but understandable why it seems this way, after all any political/high organizational position entails power that may be used to prosper or obliterate a business. Through these connections he was able to meet new business partners, engage in another business venture and gain more money. "Smith began a political career representing Winnepig-St John in the Manitoba legislature 1870-1874 and Selkirk in the House of Commons 1871-78" (Farr). Whereas, Cooke served the government as Ohio's financial adviser and he also helped develop sound fiscal policies during the American Civil War. In spite of Smith's hard work and achievements, a shadowy figure of him lurks

The Belize Barrier Reef Essay Example for Free

The Belize Barrier Reef Essay The Belize Barrier Reef Andrea G. Milbourne SCI 230 June 20, 2010 The Belize Barrier Reef is the second largest barrier reef in the world next to one found in Australia. The reef is Belizes number one tourist attraction. It is home to many different ocean life forms. The reef is in danger of being destroyed. Humans and the rising temperature of the ocean are factors of the reefs danger. There are many conservation groups that are trying to help preserve the reef and its habitants. The barrier reef is 186 miles in length and is 1,000 ft off-shore in the north and 25 iles to the south of the country of Belize. The Belize reef has particularly high species diversity for the region, with about 65 coral species and over 300 fish species. The fish species include sharks, sea turtles, finfish, sponges, tuna, and many more Just to name a few. These species coincide together to produce the reef. Many of the species need one another for food to survive. Larger species tend to feed of smaller ones and the left over materials from the fish are ingested by the smaller species. The Reef is still yet to be fully explored by humans. It is said that there is still ninety percent of the Belize Barrier reef that has yet to be explored by humans. The greatest damage comes from sedimentation, agrochemical run-off, coastal development, tourism and overfishing. Humans destroy the natural habitat of the reef by disturbing it and leaving trash and toxic materials in and around the reef. The reef also sustains damage from overfishing and large commercial fishing boats that try to fish in the shallow parts of the reef. Some large corporations dump oxic chemicals near the reef threatening the wildlife of the reef. There are banana farms near the reef that are quite large. They use fertilizer that helps the bananas to grow. The run off of fertilizer used to grow these bananas is going to the reef and killing the species in it, as well as, the reef itself. The development of hotels and housing affects the reef by cutting into it and disturbing the natural state of the reef. When the country builds developments like this next to the reef it brings more humans to the area to disturb the reef even more. Another reason for the reef being in danger is the fact that the ocean temperature is rising. This causes bleaching of the coral and other parts of the reef. Hurricanes provide damage to the reef every year and it takes time for the reef to naturally repair itself from these damages. While the reef is repairing itself from these natural disasters, the humans cause damage that is irreversible and the reef cannot fully restore itself to normal. The country of Belize does not want to destroy this amazing reef, but it uses the reef for income. The same things that are helping countrys economic system are destroying the reef right before their eyes. The country of Belize tries to educate the visitors and its public as to how to try to help keep the reef clean. There are foundation is a group that is trying to help the Belize government in preserving the Belize Barrier Reef. They have Joined Belize in educating the country and the tourists about the reef and how to protect it. They also educate the businesses around the area to help them take steps in preserving the reef. The UN foundation accepts onations from the public and businesses to give them the resources for the conservation effort. They also help with trying to get legislation passed to protect the reef and the countrys economy. The country of Belize and the conservation groups have already made parts of the reef national parks. Some areas of the reef have also been closed to the public and are considered land preserves so no one is allowed to enter these areas. These steps have helped save portions of the reef from destruction. The reef still needs help to survive. As an individual person you could elp by donating time to the conservation effort. Or by visiting the reef, take care not to disturb the natural habitat of the species living in it. These conservation groups dont want to stop tourism, they Just want educated tourists enjoying one of the worlds amazing places and keep around for many years to come. I think we could all voice our opinion about how we could do our part in the preservation of the reef. If you cant visit the reef or donate to the preservation, you can Join conservation groups and help from you country. There is always the internet. You can give your support to a conservation group of your choice through the internet. There is always something you can do to help the effort. If the barrier reef is not preserved then it will be destroyed. All of the species will not be able to survive and it will affect the area around the reef. The country of Belize will not have the reef for economic purposes. The country may not survive itself without the reef and its species. The fishermen who fish the reef would not have employment. There may be some ocean ife that can only survive in the reef that will be destroyed that we may not even know about. There also will not be a tourist attraction to visit anymore. This would be a big loss to the country and the world around us. I myself have never heard about the Belize Barrier Reef until I received this assignment. I would like to visit the reef one day. I would also like to look for a conservation group that I could Join and do my part to preserve one of the worlds amazing places. References Terracurve (2009) Help protect the Belize Barrier Reef with the support of the United

Causes of the Global Financial Crisis

Causes of the Global Financial Crisis 1. What were the main causes of the global financial crisis? What steps could the UK government take to reduce the dangers of another crisis? Discuss using course material AND your own research. Introduction: Through Globalization different country get the opportunity for international trade, increase the capacity of capital flows and spread the uses of technology by enhancing the global economic condition (IMF: 1997). Over the last 30 years especially in the mid 80s and mid 90s cross border transaction increased ten times faster than before and foreign direct investment increased three times faster than before (Economist: 1997). The globalization has involved national economies which are incorporated through trade and foreign investment. It has also created the difference between manufacturing and services by using different technology and processing (Kobrin: 1999). Gereffi says, â€Å"Due to this globalization the global economy has changed during the last ten years and so. Many development countries also moved up in the international system.† The origination of global financial crisis After the second quarter of 2008 the US financial market collapsed and the global financial crisis started. As US is the leader for all international financial systems the crisis has extended to the other countries rapidly. The decreasing rate of cash flows, decrease in asset prices and increasing rate of uncertainty in financial systems affected the whole global economy and starts the financial crisis globally. After the great Depression in 50s this is the largest economic breakdown as described the International Monetary Fund in 2009 (Frenkel Rapetti: 2009). The View of the Current Global Crisis: This global economy is struck by the recent economic crisis and mainly worsens the financial condition since September 2008. In Latin America the economic condition condensed in the second quarter in 2008. The causes of the financial crisis were foreign remittances of Latin America have reduced in 2% and the rate of international trade also reduced to 2-3% in this economic downturn. Most of the countries which economy is driven by the foreign trade are hampered due to this economic downturn. The decreasing rate of export commodity prices including the export industry commodity prices also lead to the financial crisis in recent years and results in lower GDP rate. However the economic shock results in export revenue plunged. Also the instable exchange rate and increased yield price disintegrate the stock market (Ocampo: 2009). Morgan (2009) found out few susceptibility of the global financial crisis. Those are debt and leverage, intra-financial multiplication, inequality in global tra de. This economic downturn showed up mainly after the fall down of Lehman Brothers in 2008. New US Treasury Secretary Timothy Geithner pointed out some factors in G7 conference, â€Å"in order to improve the financial condition all countries should maintain a pledge to open trade and investment policies.† He also pointed out some factors to be improved in order to get the economic growth. The factors are: Praise for recent economic moves by China; Help for banks; and The need for a speedy end to the Doha talks on world trade The Steps Could be Taken by the UK Government to Recover this Global Financial Crisis Improving the modern time global economic crisis has become the greatest challenge for every government. To recover the global economic crisis UK government should plan the necessary steps: must re-establish the confidence, growth, and jobs; The finance institutions need to be renovate to provide loan in order to restructure the faith financial regulation need to be toughen. International financial institutions need to be altered and funded in order to recover this crisis and take precautions for future crisis. build an complete, emerald, and sustainable recovery. The global economy can be out of recession and can be out of future crisis with above assurance by performing globally. Re-establish the confidence, growth, and jobs In order to re-establish jobs UK government should take a unique and intensive financial growth by creating jobs to the hard working families by the end of this year amount to $5 trillion raise output by 4 per cent, and accelerate the transition to a green economy UK government should use the full range of monetary policy, using exceptional instruments, consistent with price stability and central bank should maintain the development policies for longer time. In order to reinstate the growth of the economy UK government must reinstate the national lending and international capital flows. To overcome these situations UK government need to supply liquidity to the banking system and benefits the financial institutions. UK government needs to carry out well functioning international monitoring system in order to avoid competitive devaluation of UK currency by creating structured economic policies. Finance institutions need to be renovate to provide loan The global economic crises are mainly driven through the failure of financial sector and financial regulations of every country. To recover the situation UK government should take positive steps by constructing a reliable, supervisory and dogmatic framework for the future financial sector. This framework would support the global growth and fulfill the demand of the business and local citizens. UK government must ensure that to maintain the global financial system the national regulatory systems need to strong enough to provide reliability and cooperation between countries. The regulatory systems will be stronger if regulators and supervisors protect consumers and investors and reduce the financial economic cycle rather than increase it. UK government should implement a plan to Strengthening the Financial System. The plan includes: new financial stability board (FSB) need to be formed. This FSB would provide future predictions of financial risks and also necessary steps with the help of IMF. macro-prudential risks need to be taken to organize the regulatory systems after the recovery reliability of capital in the banking system need to be confirmed through quality, quantity. To carry out this implementation plant the finance minister should take the necessary step. Financial regulation need to be toughened Due to the recession all the markets around the world are facing challenges. As the international market is depending on each other with the cross border transaction and relating to this matter the UK government should strengthen the international financial institutions to recover this situation. So this government needs to increase its resources through the global financial institutions. Resources should be used effectively to support the financial progress. The longer term consequences of the financial institutions need to be toughened to overcome this crisis. A fair and sustainable recovery need to make sure UK government should not focus to re-establish the growth of the global economy but they also should focus on the criterion which has hampered the economy of the underdeveloped country. The Government should also ensure that the damage to the global economy should be minimized. UK Government should provide more resources to recover their financial condition and should create a social protection for the underdeveloped countries. As a part of the G20 UK government can do some contributions to those underdeveloped countries. They should create employment opportunities for those who are affected by this financial crisis. For both the men and women the labor market needs to be formed. Fulfill the commitment However this is most important for everyone to work together and set up a plan to fulfill the commitment to recover the financial crisis and make sure this crisis will not continue further after the second quarter of this year. Conclusion; After all the analysis it is clear that global financial crisis has created major impact on the global economy. Many developed, developing and underdeveloped countries are badly affected by this crisis. Since US market directly motivating the other countries market so it is clear that the crisis started form there and spread out to the global economy. Some countries faced reduction in remittances due to this financial crisis. Many countries stock price has decreased due to the exploitation of currency exchange rate. To overcome this situation all the government should implement dependable macroeconomic policies and impose regulation on national financial systems. In developing countries the crisis is getting deteriorated in terms of balance of payments and the economic sense of balance. References 1. Shiller, Robert J. The subprime solution: how todays global financial crisis happened. Princeton. NJ: Princeton University Press, 2008. 2. Summer, Lawrence H.† International Financial Crises: Causes, Prevention, and Cures†. The American Review, May, 2000, pp. 1-16. 3. Blankburg, Palma. â€Å"The Global Financial Crisis†. Cambridge Journal of Economics, July 1, 2009, pp. 531-538. 4. Crotty, James. â€Å"Structural causes of the global financial crisis: a critical assessment of the new financial architecture†. Cambridge Journal of Economics, April 23, 2009, pp. 563-580. 5. Morgan, Jamie. â€Å"The limits of central bank policy: economic crisis and the challenge of effective solutions.† Cambridge Journal of Economics, March 31, 2009, pp. 581-608. 6. Frankel, Roberto. â€Å"A developing country view of the current global crisis: what should not be forgotten and what should be done.† Cambridge Journal of Economics, March 25, 2009, pp. 685-702. 7. Ocampo, Josie. A. â€Å"Latin America and the global financial crisis.† Cambridge Journal of Economics, March 13, 2009, pp. 703-724. 8. [Global Financial Crisis], via JSTORE, accessed[February/2009]. 9. â€Å"G7 pledges to avoid protectionism†, BBC News, 14 February, 2009. http://news.bbc.co.uk/1/hi/7889222.stm. accessed February 2010. 10. Sing, Anup. â€Å"Global Financial Crisis†, Global Issues, 25 July, 2009. http://www.globalissues.org/article/768/global-financial-crisis. accessed in February 2010.

The Job of Police Officers :: Police Law Enforcement Essays

The Job of Police Officers   Ã‚  Ã‚  Ã‚  Ã‚  A police officer’s duty is to maintain public order, preventing, and detecting crime. The concept of police officers, also known as cops, and law enforcement has been around ever since the ancient Romans had a theory that an organization of â€Å"peacekeepers† would reduce the crime and violence being committed. This theory stuck with society and is still around today. People of law enforcement have a mission when they step into their police car, that mission is to enforce the rules of conduct or law. Of course, accomplishing this mission can be dangerous. Often when a cop leaves his or her house to go to work worries start to set it, such as â€Å"will I be coming back home when my day is over† or â€Å"will a simple traffic stop go sour and someone ends up dead?† These thoughts are apart of the stress that comes with the job and most people are trained to deal with this stress.   Ã‚  Ã‚  Ã‚  Ã‚  Speaking of training, there are classes that a high school student can take to prepare for a career in law enforcement. Psychology, sociology, foreign languages, and computer courses are recommended for those students who plan to take criminal justice as their higher education major. Participating in sports can improve your chances on becoming an officer of law because it improves strength and endurance. Other student activities can be helpful in this career because they help to improve leadership skills and other publications. Every law enforcement agency has different requirements for qualification; however, almost all of them require a college degree. You can either have a degree in police science, administration of justice, public administration, or criminal justice to qualify for employment. English, Sociology, Psychology, Personal Computer Operations, Survey of Criminal Justice, and Principles of Criminology are classes that need to be taken to complete a cr iminal justice major. Almost every college nationwide offers these classes. (â€Å"Police and Detectives†). There are many colleges that offer either an Associate’s degree or a Bachelor’s in criminal justice or any other type of law enforcement class. However, the decision is whether to attend a two-year community college and receive an Associate’s degree or whether to attend a four-year community or state college to receive a Bachelor’s degree. Some colleges that offer an Associate’s degree in criminal justice are Delaware Technical and Community College, Gibbs College, and Hagerstown Business College. Some colleges that offer a Bachelor’s degree in criminal justice are Wilmington College, Brown College, and Parks College.

Chinese New Year Fun Facts Essay

1.The traditional Chinese New Year celebration lasts 15 days. 2.2013 is the year of the Snake. Children born during the Year of the Snake are said to be clever, successful, and lonely. 3.Everyone goes home for the Chinese New Year celebrations, if they can. The period just before the Chinese New Year, called chunyun, is the busiest travel time of the entire year. All across China and beyond, you’ll find people on their way home to spend this time with their families. 4.The Chinese New Year is seen as the perfect time to do some spring cleaning. Traditionally, it was believed that cleaning house for the new year’s celebrations swept bad luck away and helped ensure good fortune in the year to come. 5.Traditional foods include fish, which is served at the end of the New Year’s meal and symbolizes abundance, and a sticky fruitcake called Neen Gow or Nian Gow. 6.Red decorations are everywhere, because the color red is considered to be one of the luckiest colors of all. Older family members use red envelopes to give gifts of cash to their younger relatives. 7.Shou Sui is the practice of staying up until midnight as a family to greet the new year. 8.During the Chinese New Year, people often greet each other by shouting â€Å"auspicious phrases† thought to bring luck, like â€Å"gÃ… ng xÇ  fÄ  cà ¡i,† which translates to â€Å"Congratulations and be prosperous.† Children sometimes use the following variant of this greeting when they are feeling cheeky: â€Å"gÃ… ng xÇ  fÄ  cà ¡i, hà ³ng bÄ o nà ¡ là ¡i.† That means â€Å"Congratulations and be prosperous, now give me a red envelope!†

Piaget Vygotsky essays

Piaget Vygotsky essays Piaget and Vygotsky Theories of Cognitive Development Everyday life is characterized by conscious purpose. From reaching for food to designing an experiment, our actions are directed at goals. This purpose reveals itself partly in our conscious awareness and partly in the organization of our thoughts and actions. Cognition is the process involved in thinking and mental activity, such as attention, memory and problem solving. Much past and present theory has emphasized the parallels between the articulated prepositional structure of language and the structure of an internal code or language of thought. In this paper I will discuss language and cognition and two famous theorist who were both influential in forming a more scientific approach to analyzing the process of cognitive development. There are those that say that Jean Piaget was the first to take childrens thinking seriously. Although Piaget never thought of himself as a child psychologist his real interest was epistemology, the theory of knowledge, which, like physics, was considered a branch of philosophy until Piaget came along and made it a science (2000). Children and their reasoning process fascinated Piaget. He began to suspect that observing how the childs mind develops might discover the key to human knowledge. Piagets insight opened a new window into the inner workings of the mind. Jean Piaget has made major theoretical and practical contributions to our understanding of the origins and evolution of knowledge. In his work Piaget identified stages of mental growth. He theorized that all children progressed through stages of cognitive development. He discovered that children think and reason differently at different periods in their lives. Piaget believed that everyone passed through a sequence of four qualitatively distinct stages. They are sensorimotor, preoperational, concrete operational and formal operational. In t...