A Beginners Guide to the Industrial Revolution

The Industrial Revolution refers to a period of massive economic, technological, social, and cultural change which affected humans to such an extent that its often compared to the change from hunter-gathering to farming. At its simplest, a mainly agriculture-based world economy using manual labor was transformed into one of industry and manufacturing by machines. The precise dates are a subject for debate and vary by historian, but the 1760/80s to the 1830/40s are most common, with the developments beginning in Britain and then spreading to the rest of the world, including the United States. The Industrial Revolutions The term industrial revolution was used to describe the period before the 1830s, but modern historians increasingly call this period the first industrial revolution. This period was characterized by developments in textiles, iron, and steam (led by Britain) to differentiate it from a second revolution of the 1850s onwards, characterized by steel, electrics, and automobiles (led by the U.S. and Germany). What Changed Industrially and Economically The invention of steam power, which replaced horses and water, was used to power factories and transportation and allowed for deeper mining.The improvement of iron-making techniques allowing for vastly higher production levels and better material.The textile industry was transformed by new machines (such as the Spinning Jenny) and factories, allowing for much higher production at a lower cost.Better machine tools allowed for more and better machines.Developments in metallurgy and chemical production affected many industries.New and quicker transport networks were created thanks to first canals and then railways, allowing products and materials to be moved cheaper and more efficiently.The banking industry developed to meet the needs of entrepreneurs, providing finance opportunities that allowed the industries to expand.  The use of coal (and coal production) soared. Coal eventually replaced wood. As you can see, an awful lot of industries changed dramatically, but historians have to carefully untangle how each affected the other as everything triggered changes in the others, which triggered more changes in return. What Changed Socially and Culturally Rapid urbanization led to dense, cramped housing and living conditions, which spread disease, created vast new city-dwelling populations, and a new sort of social order that helped to establish a new way of life: New city and factory cultures affecting family and peer groups.Debates and laws regarding child labor, public health, and working conditions.Anti-technology groups, such as the Luddites. Causes of the Industrial Revolution The end of feudalism changed economic relationships (with feudalism used as a useful catch-all term and not a claim that there was classic-style feudalism in Europe at this point). More causes of the Industrial Revolution include: A higher population because of less disease and lower infant mortality, which allowed for a larger industrial workforce.The agricultural revolution freed people from the soil, allowing (or driving) them into cities and manufacturing, creating a larger industrial workforce.Proportionally large amounts of spare capital for investment.Inventions and the scientific revolution, allowing for new technology.Colonial trade networks.The presence of all the required resources located close together, which is why Britain was the first country to experience the industrial revolution.A general culture of hard work, taking risks, and developing ideas. Debates Evolution, not revolution? Historians such as J. Clapham and N. Craft have argued that there was a gradual evolution in industrial sectors, rather than a sudden revolution.How the revolution worked. Historians are still trying to pry apart the heavily interwoven developments, with some arguing that there were parallel developments in many industries and others arguing that some industries, usually cotton, surged and stimulated the others.Britain in the 18th century. The debate still rages over both why the industrial revolution began when it did and why it began in Britain.

Analysis Of The Documentary Audrie Daisy Essay

Documentary Analysis Audrie Daisy In the riveting documentary Audrie Daisy, husband and wife director team Bonnie Cohen and Jon Shenk retrace the events leading up to the harrowing sexual assaults of three teenaged girls; Audrie Pott, Daisy Coleman, and Paige Parkhurst, and expose the agonizing after effects and exploitation of the assaults. Subsequent interviews with family members, friends and law enforcement officials give important details about the aftermath of the events, and introduce viewers to possibly the biggest villain of all, Sherriff Darren White of Maryville, Missouri. Throughout the documentary White appears smug while he states that â€Å"as County Sheriff, â€Å"the buck stops here† (Darren White), and when asked about the crimes committed by Maryville’s football star, he rebuts with â€Å"was there a crime?† (Darren White) As the film moves through the twists and turns of the cases, the settings, conflicts, and tragedies are enhanced by the use of montage, long and subjective shots, close-ups and personal sketches that submerge the audience into the victim’s point of view. At the conclusion of the film, the viewer is left to decide what constitutes sexual assault and rape, and if society and law enforcement are to blame for the today’s ‘rape culture’ acceptance and the continued victimization of young girls. It also reveals how much can be hidden from parents, and how disconnected parents become from their children in a social media world. The documentary opens withShow MoreRelatedAudrie And Daisy : A Documentary Analysis1469 Words   |  6 Pages Audrie Daisy—A Documentary Analysis In the riveting documentary Audrie Daisy, husband and wife director team Bonnie Cohen and Jon Shenk retrace the events leading up to the harrowing sexual assaults of three teenage girls; Audrie Pott, Daisy Coleman, and Paige Parkhurst, and expose the agonizing after effects and exploitation of the assaults. Subsequent interviews with family members, friends and law enforcement officials give important details about the aftermath of the events, and introduceRead MoreAn Analysis Of Audrie Daisy, Husband And Wife Director Team Bonnie Cohen Essay1500 Words   |  6 PagesAudrie Daisy--A Documentary Analysis In the riveting documentary Audrie Daisy, husband and wife director team Bonnie Cohen and Jon Shenk retrace the events leading up to the harrowing sexual assaults of three teenage girls; Audrie Pott, Daisy Coleman, and Paige Parkhurst, and expose the agonizing after effects and exploitation of the assaults. Subsequent interviews with family members, friends and law enforcement officials give important details about the aftermath of the events, and introduce

Understanding and Managing Diversity in an Organization-Free-Samples

Question: Required to explore one particular form of diversity that interests you, describe it, discuss how it is relevant to tourism and hospitality and consider the benefits and gains to businesses in the industry accepting and embracing this form of diversity, and the costs and consequences to businesses of not accounting for this form of diversity. Answer: Introduction The tourism and hospitality industry is one of the most diverse industries in the business market. This is because people working in the industry belong to diverse backgrounds that affect the working of the industry. Managing the human resource in the organisations is one of the most important factors for the tourism industry (Baum, 2015). The assignment analyses the various forms of diversity that exist in the environment and focuses on the type of activity that is relevant to the tourism and hospitality industry. The advantages and the disadvantages that the industry has to deal with related to the diversity are also stated. Furthermore, recommendations are also provided in order to help in improving the response to the diversity. Describing the form of diversity As stated by Baum et al., (2016) different types of diversity exist in the society. These diversities are the result of the various thoughts and processes of the people. In order to be successful, a business organisation needs to identify these diversities and set up strategies that can help in the adoption of these diversities. As such some the common diversities at workplace includes age, culture, gender, religion and disability of the people. In this case, it can be said that the same forms of diversity are seen in the tourism and hospitality industry. However, the most important form of diversity that is seen in this industry is the cultural diversity. According to Duncan, Scott and Baum (2013), cultural diversity indicates the cultural differences that take place between the countries of the world. Such difference can exist between societies as well as countries that follow diverse culture from one another. It also refers to a variety of thoughts and processes that exist within a society. Cultural diversity is one of the most popular forms of diversity as based on this sub-cultures are also formed (Altinay, Paraskevas Jang, 2015). It is said that with the advent of globalisation and modernisation, cultural diversity gets seriously affected. Cultural diversification exists in organisations as well because people from different backgrounds work together to fulfil personal and organisational goals. In the case of tourism and hospitality industry, cultural diversity is more common than any other industry in the market. Describing relevancy to tourism and hospitality Cultural diversity can be seen in tourism and hospitality as this industry need to manage different types of people from varied cultures. The fact that the goal of this industry is to refrain from discrimination and explore the various diversities that exist in the world makes it more relevant in the tourism industry. As stated by Leung, Xue Bai (2015) the manner in which people are welcomed in this industry signify the need for such variation within the industry. One such relevant factor that links cultural diversity to the tourism industry is the facts that some of the themes that are developed by the industry are done by keeping in mind the cultures of the world. For example, often it is seen that certain hotels such as The Grace Hotel host themes that can be related to the culture practised by the people in the African countries. This may include the cultural events that are undertaken by some of the African countries. Such diversity helps in attracting people from the local region along with foreign people. Singal (2014) observed that the cultural diversity in the tourism industry mainly focuses on the underdeveloped groups in the world in order to help promote the cultures. Apart from this, people recruited by the industry also belong to different cultures. This is important in order to understand the cultural background of the customers that visit the place. Although in the modern world, people tend to follow more than one culture, the fact that the variation can be noticed is an important factor in the business world. Discussing benefits and gains after embracing this diversity Cultural diversity can bring about certain benefits at a workplace. In the case of tourism and hospitality industry, the cultural diversity is important to understand the various people that exist in the society. This can help to formulate strategies based on the needs of the people. The benefit that can be achieved by the industry is the fact that organisations can gain a global recognition and look for expansion in the international market. Apart from this, other benefits include the increase in innovation and creativity. Mok, Sparks Kadampully (2013)stated that with the increase in diverse customers at the workplace it is important for the organisations involved in the tourism industry to understand the mindset of the people. Based on this creative events can be formulated that may attract the people of various cultures. This creativity can come from within the employees as they may help to formulate strategies that attract a certain culture of the world. For example, cultural events related to India can be planned in order to attract Indians in visiting the country. This can attract the Indian community of the country and ensure that the organisation organising such events gain popularity (Boella Goss-Turner, 2013). Apart from this people may also be enriched in terms of the variety of languages. Every country has different languages that highlight the culture of the country. With the increased interaction between different cultures, people may be able to learn few keywords that are spoken in the language of that culture. This is another strategy that can be applied in order to attract the cultural groups (McKercher et al., 2014). Hence, it is important for the industry to embrace the cultural diversity and improve opportunities for growth in the market. Discussing costs and consequences for rejecting this diversity After analysing the benefits of the cultural diversity, it can be said that the consequence of rejecting the cultural diversity can have a negative impact on the industry. The first negative consequence that the industry may face is the fact that it can be costly for the organisations to attract people of different cultures. This is because the interaction with the people of different cultures cannot be developed in a proper manner. Customers may be dissatisfied with the type of treatment that is provided to them because they belong to a different cultural background (Reynolds, Rahman Bradetich, 2014). This can prove as a negative consequence particularly for the reputation of the organisation. It can also be said that communication barriers may also come up in case the diversification is not accepted. This can lead to lack of morale among the people. This is because organisations within the industry may have to recruit people from the different cultural background. Hence, if the communication is improper between these people it may be difficult for the organisations to maintain the loyalty of the employees. Yap Ineson (2016) stated that with the change in marketing conditions the industries find it difficult to reject the cultural diversity. Hence, it is important to embrace this diversity and ensure that the reputation of the organisations in the industry stays intact. Hence, these can be considered as possible negative consequences for the tourism industries. Discussing actions taken to improve the position From the analysis, it can be seen that in order to ensure that the reputation of the organisations in the industry exists, the tourism industries need to impose changes that can help in maintaining stability in the business. One such action that needs to be taken is to identify the countries that have varied cultures. According to Barrows and Powers (2017), the cultural diversity helps in understanding the various types of people that exist in the world. Based on this research, strategies can be formulated in order to identify the potential ways to attract the market of diverse culture. One such action that can be applied to improve the cultural relations includes proper market research. Tourism industries can conduct a market research that can help to understand the different cultures that exist in the society. Apart from the cultures, it is also required that the tourism industry identify the sub-cultures that exist. In the modern world, the development of sub-cultures is an important factor that disrupts the flow of work for an organisation. This is mainly because strategies need to be changed to meet the requirements of these sub-cultural groups (Boella Goss-Turner, 2013). Hence, it can be said that the sub-cultures, as well as the cultures, are important in order to provide a competitive advantage for the tourism industry. It can be said that the tourism industry needs to adopt these policies in order to maintain its stability in the market. Conclusion Hence, after the analysis, it can be concluded that the cultural diversity is one of the most important forms of diversity that every business needs to undertake. The fact that the cultural diversity provides opportunities for improvement is a positive factor that every business organisation needs to undertake. In the case of tourism and hospitality industry, cultural diversification is necessary in order to survive in the market. References Altinay, L., Paraskevas, A., Jang, S. S. (2015).Planning research in hospitality and tourism. Routledge. Barrows, C. W., Powers, T. (2017).Introduction to Management in the Hospitality Industry, Study Guide. John Wiley Sons. Baum, T. (2015). Human resources in tourism: Still waiting for change?A 2015 reprise.Tourism Management,50, 204-212. Baum, T., Kralj, A., Robinson, R. N., Solnet, D. J. (2016). Tourism workforce research: A review, taxonomy and agenda.Annals of Tourism Research,60, 1-22. Boella, M., Goss-Turner, S. (2013).Human resource management in the hospitality industry: A guide to best practice. Routledge. Duncan, T., Scott, D. G., Baum, T. (2013). The mobilities of hospitality work: An exploration of issues and debates.Annals of Tourism Research,41, 1-19. Leung, X. Y., Xue, L., Bai, B. (2015). Internet marketing research in hospitality and tourism: a review and journal preferences.International Journal of Contemporary Hospitality Management,27(7), 1556-1572. McKercher, B., Mackenzie, M., Prideaux, B., Pang, S. (2014). Is the hospitality and tourism curriculum effective in teaching personal social responsibility?.Journal of Hospitality Tourism Research,38(4), 431-462. Mok, C., Sparks, B., Kadampully, J. (2013).Service quality management in hospitality, tourism, and leisure. Routledge. Reynolds, D., Rahman, I., Bradetich, S. (2014). Hotel managers' perceptions of the value of diversity training: an empirical investigation.International Journal of Contemporary Hospitality Management,26(3), 426-446. Singal, M. (2014). The business case for diversity management in the hospitality industry.International Journal of Hospitality Management,40, 10-19. Yap, M. H., Ineson, E. M. (2016). Diversity management in Vietnam's hospitality industry.Journal of Human Resources in Hospitality Tourism,15(2), 147-165.

What Is Popular Music free essay sample

The biggest group of the British Invasion was the Beetles. The Beetles sometimes sang songs with catchy lyrics and melodies. This would be the centerpiece of pop music through the next several decades. 5. Bands featured between three and six young males who sang, but did not play instruments. 1. Yes music is still used for protest things such as gay rights and abortions. 2. Music has become more commercial because artist can become millionaires with just one song. Some artist do songs to express their ideas and beliefs. 3. Amps and pods have artist selling songs even faster. Automate lets anyone sound like they have talent. TV lets artist advertise 24/7. 4. Young adults look forward to love and romance and pop adheres to it. Nearly every song it about love and heartbreak. 5. Bruno Mars most of his songs shush as Grenade When I Was Your Man are about love like most generic pop songs. We will write a custom essay sample on What Is Popular Music? or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Girls love his pretty face.

Discuss Various Theories of Management Essays

Discuss Various Theories of Management Essays Discuss Various Theories of Management Essay Discuss Various Theories of Management Essay pupils explore the risk of dying unexpectedly from various causes. They start from fears they know and, by comparing them with real-life data, they recognise that their perception of risk is often driven by presentations in the media. Pupils learn how to calculate the risks involved for various activities and how these are related to the base risk of death for typical people of different ages and genders. The emphasis is on order-ofmagnitude comparisons, reflecting the variations in risk level between individuals and over time. Pupils work with real data; they deduce information about small probabilities and use measures of average and spread in real life. They also work with orders of magnitude. They learn that mathematical thinking is essential for putting risks in perspective and that the media usually focus on stories rather than on information. In or out ? Pupils consider the evidence from a photograph about whether a batsman in cricket is ‘in’ or ‘out’. The original case arose from a controversial decision by an umpire in an Ashes test match (between England and Australia) in the 1960s. Pupils use mathematics to examine the photograph to assess whether the batman was ‘in’ or ‘out’. Initially, pupils construct a simple mathematical model of the situation by deciding what variables they need to measure and what assumptions they need to make. Using this evidence, they decide for themselves whether the batsman was ‘in’ or ‘out’. As the work develops, pupils explore these measurements and assumptions in detail, allowing them to refine their initial decisions and to understand that, sometimes, there is no single right answer! Pupils revisit their models, test their assumptions and apply their model to other situations. The mathematical skills and thinking that are required emerge gradually during ‘In or Out? ’ Keeping the pizza hot Keeping the pizza hot involves building a mathematical model in the context of homedelivery pizza. Pizza home-delivery is dependent on being able to deliver pizzas quickly, in an edible condition. In Keeping the pizza hot, pupils explore ways to keep a pizza warmer for longer and the implications of doing so. Pupils are asked to help answer the questions: how long does it take a pizza to cool, how far can it travel in that time and what difference does the packaging make? Keeping the pizza hot has a number of parts which include leading pupils to move from a practical problem of a cooling pizza to a mathematical representation of a cooling curve. This is a big step and is intended to induct pupils into the potential of mathematical applications. It demonstrates how mathematics can underpin scientific enquiry. The linking of the time to cool with possible distances of travel introduces further mathematics. Although not essential, this project would work well as a cross-curricular project with the science department. r4 Â © 2008 Bowland Charitable Trust of 9 My music My music uses the interest pupils have in music as an opportunity for mathematical investigations, using pupils own favourite music tracks as the raw data. Pupils work in small groups to listen to different tracks, take measurements and then interpret and present the results. They analyse the similarities and differences between types of track, looking first at tempo and then other variabl es such as track length, highest position or number of weeks in the charts, and album sales; they can also investigate trends in music over the years. My music can work as an introduction to statistical work, including: the collection of numerical data, performing basic statistical calculations, forming and testing hypotheses, making inferences about a population, and identifying potential sources of error in data collection and calculations. Although not essential, this project would work well as a crosscurricular project with the music department. Mystery tours Mystery Tours is a cartoon-based role play. Pupils take the part of the Tour Manager of a struggling tour operator; they are asked to plan a fictitious three day trip around the UK using tools and data in the software. They then lead a ‘simulation’ of the tour and write an evaluation report. There are three groups of tourists, categorised as ‘Nature Lovers’, ‘Thrill Seekers’ and ‘Culture Vultures’; data is available about the preferences of each group. Pupils work together in small groups, or individually, to create a successful trip. In the first stages of the exercise, the most important skills are working with data such as timetables and percentages. Other areas of mathematics are brought in when the trip begins. The tourists are quite demanding, and it is up to the pupils to keep them happy by solving any problems that may arise, presented algebraically or geometrically. Outbreak Outbreak is centred on an outbreak of a fatal virus. Pupils play the role of a scientist trying to contain the spread of the disease. Pupils have to develop a strategy which will help find the infected people, create an antidote and plan a vaccination programme to minimise the further spread of the virus. Pupils work with different experts to help with the challenges. Completing an activity in any one of the ‘bunker areas’, unlocks a code which can then be used in the Map Room to reflect the progress that individuals or groups have made. This provides the opportunity either for the whole class to work through different activities at the same time, or for independent progression. It also promotes group work discussion and real world interaction. PointZero PointZero is an adventure-driven puzzle game based around the central themes of survival, escape and the quest to uncover the truth. Pupils assume the role of three lead characters who have awoken trapped in strange and varying locations in an unfamiliar urban environment, following an undisclosed event. They are encouraged to use their mathematical skills to overcome problems so that each character can gain access to the ‘PointZero’ Building. Examples of activities include exploring complicated number sequences to scale a high rise building, using loci to find the way out of a complex underground network and reproducing geometrical patterns to deactivate a museum security system. PointZero encourages pupils to reflect on how numbers, algebra and geometry influence our daily lives, albeit in ways which may not be immediately apparent. r4 Â © 2008 Bowland Charitable Trust 7 of 9 Product wars Pupils are asked to create a new range of ‘smoothie’ drinks. They use proportional reasoning to analyse the nutritional value and geometry to design the packaging. In Product wars, pupils play the role of being part of a drinks company and work with other employees to research and design the ultimate range of ‘smoothie’ drinks. The Managing Director of the company, Brad King, asks pupils to carry out market research, develop mixes or some ‘smoothies’ and then design and create the packaging. Video is used at key points in the lessons to provide support and guidance. Activities include: using enquiry-based learning to collect and analyse information from peers in developing the product; using ratio and proportion, percentages and a spr eadsheet to mix the ingredients in different quantities to obtain the right nutritional value and taste for the target sector; and identifying suitable packaging designs. Pupils receive feedback via texts from members of the product team and video messages from Brad King himself. Reducing road accidents Pupils imagine that they live in a small town where, over the past year, there has been a large number of road accidents. The town council has set up an enquiry to see what could be done to improve the situation and has allocated ? 100,000 to spend on reducing the number of deaths and serious injuries. In Reducing road accidents, pupils choose from a wide range of possible initiatives, for example, to build new road crossings or roundabouts, to install traffic lights or to design publicity campaigns for specific groups of people. Pupils work in small teams to plan the most effective way to allocate the money. To support this work, the police have provided data on all the road accidents. Pupils use a specially constructed computer program to analyse this data and build a convincing case for their proposal. Save a baby kangaroo Save a baby kangaroo is an authentic context in which the pupils find a young orphaned kangaroo just twelve centimetres long and weighing sixty grams. Different species of kangaroo have different nutrient needs at different stages of their growth. Through video clips, photographs and data such as birth to adult weights, pupils become familiar with a range of data about the different species of kangaroo. They then use the data to identify which kangaroo they have found and develop a feeding programme to save the life of their own ‘Joey’ in a simulation. Finally they communicate what they have learned in order to help someone else save a Joey by making a poster for a Vet clinic. The mathematical content of Save a baby kangaroo includes creating alternative representations of data and communicating statistical information. Speed cameras Speed cameras are a continuing source of controversy, and even the experts are divided on their effectiveness. This is partly because the random nature of accidents makes it difficult to draw valid conclusions, which opens up possibilities for accidental or deliberate misrepresentation of data. Speed cameras uses video and newspaper resources to motivate discussion with and among pupils; this is combined with the use of spreadsheets to model the random occurrence of accidents over a year. Pupils realise that lower probabilities do not invariably lead to fewer accidents, and that the occurrence of more accidents in one year is not necessarily evidence of a higher probability. They learn that random variation can obscure r4 Â © 2008 Bowland Charitable Trust 8 of 9 underlying probabilities. These are difficult but fundamental concepts for pupils to understand, and the combination of ICT and continual referral to a real situation helps to bring them alive. The emphasis is on pupils interpreting and extrapolating from data and using data to support their arguments – and to examine the arguments of others. Sundials Sundials introduces pupils to the idea of using the sun to tell the time, applying a range of mathematical skills to understand some of the theory and to construct at least one sundial for themselves. A video about sundials provides the context, including footage explaining the history of sundials and how they work. An interview with Harriet James, a gnomonist (someone who makes sundials) shows how maths is essential to the construction of sundials. The classroom work is differentiated into three tiers. Depending on the route followed, Sundials uses symmetry and the drawing of angles, nets, origami, circle work and comparing data. Each route includes reading information from graphs and calculating time. Sundials invites pupils to reach out to the clockwork of the heavens! Water availability Pupils take the role of administrators for an international aid agency charged with providing water resources to countries in the Middle East and North Africa. Pupils examine ways to compare the availability of water fairly between the countries and then determine which country is most in need. In Water availability, pupils review documents that describe the importance of water in the region and assemble relevant data. Pupils come to recognise that a key aspect of data handling is to determine which data it is appropriate to use to answer a particular question. In Water availability, the analysis requires the creation of compound measures, such as per capita measures of water availability, which links to the maths of proportionality. Pupils realise that compound measures are important to enable fair comparisons to be made between countries of various sizes. You reckon? The media (and political speeches) are full of claims about how long things will take, how much things will cost and how tricky problems can be solved. People need to be able to judge if such claims are reasonable. You reckon? develops pupils ability to make estimates about unusual quantities based on only limited information, by posing interesting questions such as Is it possible to provide 20% of the diesel used for road transport in the UK by growing crops on ‘set aside’ land? . You reckon? develops mathematical thinking and requires pupils to communicate their solutions. Pupils see that the problems they are asked to solve are the same problems faced by aid agencies, governments, and salesmen! You reckon? helps pupils to recognise the power of even simple mathematics (together with smart thinking) when making decisions about important topics. r4 Â © 2008 Bowland Charitable Trust 9 of 9

Impact of Regulation on Small Businesses

Impact of Regulation on Small Businesses Free Online Research Papers Regulation has become a growing issue in America, especially for small businesses. If we look back to the time of our founding fathers, we see that this is not at all how they intended America to be. In fact, we separated from Britain for similar reasons – unreasonable taxes and regulations on items and businesses. Our founding fathers saw that if the people of a country are not free to prosper, the country and/or its government will become weak. We can look back and see how America prospered, when it was easier for people to have their own businesses. People were able to make themselves comfortable depending on hoe hard they worked; they did not have to depend on government welfare. This is where the phrases ‘the American dream’ and the American work ethic’ originated. These phrases have been used by people in different countries longing to be in America. Clearly, this freedom of working hard and earning our due was different from the ideas of other countries. It was this mindset that allowed America to rise above all other countries. Now, however, America must abide by the rules and regulations of different government agencies. There are usually so many rules and regulations, that businesses must hire lawyers in order to make sure all requirements are met. As a result, only the bigger companies are able to survive. Perhaps, later, it will get to the point where there are only government run companies. This is mainly caused by the combination of too many powers given to the bureaucracy and the bureaucrats’ abuse of their power. It has gotten so bad, that now we must have licenses and fill out stacks of paper work if we want to do something as simple as run a hot dog stand. Recently, bake sales are even talked about being regulated. Not only are many of these regulations ridiculous (such as rules of where doctors should store their band aides), but they have made it so hard for someone to run a business, that these business owners have their manufacturing done in China. This alternative for business owners creates another harm for America; Americans are deprived of jobs because they are given to foreign people in foreign countries. Before regulations, you would succeed if you worked hard, now even hard workers are getting laid off because businesses cannot afford to keep them. If we got rid of even half of these regulations, America would be able to give many of the unemployed jobs and keep money in America. Plans such as the stimulus package, the health care plan, and other welfare programs are not the solution to poverty, a return to capitalism is. Research Papers on Impact of Regulation on Small BusinessesDefinition of Export QuotasNever Been Kicked Out of a Place This NiceThe Effects of Illegal Immigration19 Century Society: A Deeply Divided EraTwilight of the UAWBook Review on The Autobiography of Malcolm XPETSTEL analysis of IndiaMoral and Ethical Issues in Hiring New EmployeesAnalysis of Ebay Expanding into AsiaAssess the importance of Nationalism 1815-1850 Europe

US future markets and risk management Essay Example | Topics and Well Written Essays - 2500 words

US future markets and risk management - Essay Example The aim of this paper is to examine futures as risk management techniques companies could use to manage their risks. The paper first of all examines the risks companies are prune too before analyzing how the risks can be solved with futures.Today, bankers are increasingly becoming conscious about recent developments in their respective markets and have resorted into various method of managing risk in bank. Risk management appears to have improved in most sub-regions as a result of the introduction of new approaches in conducting business as well as better measurement and pricing of the various risks (BIS Paper No 33, 2005).According to BIS paper No.33, financial markets are subject to various sources of risk: credit, market, liquidity, operational and legal risks. These risks tend to be more pronounced in the developing world than in developed countries due to a lower level of economic, financial and institutional development.Credit risk tends to be more acute as a result of a lack o f highly rated counterparties. Market and liquidity risks are higher due to thinly traded markets. Operational risks may also be exacerbated because of inadequate human resources or the failure of manual, mechanical or electronic systems to process payments. Finally, legal risk may also be part of the environment (for instance, due to the inability to foreclose on collateral). The next section discusses credit risk and some of its components and how it can be managed.The aim of this paper is to examine futures as risk management techniques companies could use to manage their risks. ... dit risk; this is typically the most important form of risk for commercial banks Shapiro, 2003; Buckley, 1996; Muller and Verschoor, 2005; Solt and Wayne, 2001).Solt & Wayne (2001) argues that, in assessing credit risk, an institution needs to consider three issues: default probabilities over the horizon of the obligation, credit exposure (ie how large the obligation is when the default occurs) and the recovery rate (ie what part of the exposure may be recovered through bankruptcy proceedings or some other form of settlement) (Solt and Wayne, 2001). Credit risk is often difficult to assess due to the lack of information on the credit history and financial position of borrowers, inadequate accounting practices and standards that make it difficult to evaluate credit exposures, macroeconomic volatility and deficiencies in the institutional environment (e.g., political instability) (BIS Paper No.33, 2005). Weak enforcement of creditor rights may also contribute to uncertainty regarding recovery rates. Although many of these factors have been improving in recent years, progress in some cases is slow (Mohanty et al., (2006). Moreno (2006) highlights two key issues related to credit risk that are relevant for emerging market economies (EMEs). First, the distinct increase in the share of credit to the household sector that has been observed in a number of countries could lower credit risk if the concentration of bank assets fell, if consumer credit diversifies risk among a larger number of borrowers. 2.0 Risk Management In management of credit risk, I will focus only on the currency risk exposure aspect of credit risk. That is in a situation where credit is offered in multiple denominations of currency. Currency risk or foreign exchange exposure or better still foreign