Thomas Alva Edison - a Man of Practical Genius free essay sample

Thomas Edison came from humble beginnings. As he stepped off the boat that brought him from Boston and took his first step in New York, he had only one small bag and a single dollar in his possession. The only shelter that he could find was in a battery room of a company on Wall Street and this is where he spent his very first night in New York. It has been said that opinions are not always facts! This is certainly true in the case of Thomas Edison. He was born in 1847 in a little town near to Milan, Ohio on the shore of Lake Erie. Close friends and relatives called him A1. Although Thomas was quite an intelligent young boy, one of his teachers ventured their opinion and suggested to his mother that A1 had an addled brain. His furious mother removed him from the school immediately and taught Thomas herself. We will write a custom essay sample on Thomas Alva Edison a Man of Practical Genius or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Thomas Edison would in time prove that opinions are seldom facts! Thomas Edison endured further misfortune in his lifetime. After having overcome a bout of scarlet fever and recurring ear infections in childhood and an apparent blow to the side of his head, he remained hard of hearing for the rest of his life because ofa burst eardrum. He realized that time was precious. He wanted to succeed. Thomas Edison is quoted as saying: I am not discouraged, because every wrong attempt discarded is another step forward. And forward is the direction that Thomas also strove towards. Thomas Edison is generally well know for inventing the practical light bulb. His practical genius extended however to include many other inventions, perhaps less well known, but still significant. One day in 1877 Edison was working on a machine designed to record telegraphic signals on a wax cylinder. While making minor adjustments to the machine and talking to the mechanic, a needle on the achine pricked Edisons finger when he made a specific sound. Edison immediately made a rough sketch of a design that he wanted his mechanics to begin constructing. It was a machine designed to record and reproduce sounds. Upon completion, Edison picked up the ear-trumpet and spoke the first ever recorded words: Mary had a little lamb; its fleece was white as snow the phonograph was born. Thomas Edison is quoted as saying, l have not failed. Ive Just found 10,000 ways that wont work. So every time we turn on a light bulb and every time we listen to music, Thomas Edisons personal successes ensure that his legacy lives on.

Free Essays on Competitive Advantage

Competitive edge is defined as how effectively an organization meets the needs of customers relative to others that offer similar goods or services. There many companies in the United States that have this competitive edge in their industry. Their competitive edge causes growth in many key aspects within the business. These are return on investment, better service to their employees and customers, paying of debt, and increased market share. There are many ways a company can have a competitive edge. These are price, quality, flexibility, time, service, employees, and product or service differentiation. A few of these companies are Dell Computer Corporation, United Parcel Service (UPS), and Wal-Mart. These companies have strengths in one or more of the competitive advantages listed above. The competitive advantages listed can be defined as the following. The most common way to have a competitive price is to make the cost low to customers. Most customers will look for the lowest price i n the market. The main reason for customers wanting lowest price is to save money. By having a customer save money they are more likely to invest in the products or services offered by the company. Quality is defined as how well the product or service serves it purpose. Many customers will not continue to buy a product or service that breaks repeatedly, does not last longer or cannot perform the task that is needed to be done. A company’s ability to recognize and adapt to changes in the economy, trends of the market or other market facts is related to how flexible the company is. If the demand of a specific type of product or services increase or decreased in a certain market and the company cannot meet the required about need by customers then another company in the industry it will lose its competitive edge. Time refers to many operations that go on within the business. These operations are defined as the ability for the organization to deliver its produ... Free Essays on Competitive Advantage Free Essays on Competitive Advantage Competitive edge is defined as how effectively an organization meets the needs of customers relative to others that offer similar goods or services. There many companies in the United States that have this competitive edge in their industry. Their competitive edge causes growth in many key aspects within the business. These are return on investment, better service to their employees and customers, paying of debt, and increased market share. There are many ways a company can have a competitive edge. These are price, quality, flexibility, time, service, employees, and product or service differentiation. A few of these companies are Dell Computer Corporation, United Parcel Service (UPS), and Wal-Mart. These companies have strengths in one or more of the competitive advantages listed above. The competitive advantages listed can be defined as the following. The most common way to have a competitive price is to make the cost low to customers. Most customers will look for the lowest price i n the market. The main reason for customers wanting lowest price is to save money. By having a customer save money they are more likely to invest in the products or services offered by the company. Quality is defined as how well the product or service serves it purpose. Many customers will not continue to buy a product or service that breaks repeatedly, does not last longer or cannot perform the task that is needed to be done. A company’s ability to recognize and adapt to changes in the economy, trends of the market or other market facts is related to how flexible the company is. If the demand of a specific type of product or services increase or decreased in a certain market and the company cannot meet the required about need by customers then another company in the industry it will lose its competitive edge. Time refers to many operations that go on within the business. These operations are defined as the ability for the organization to deliver its produ...

Again with the Erosion of Income

Again with the Erosion of Income Tired of hearing about how writers are not getting paid? I imagine the writers needing to eat from that income arent. I had a quick unsubscribe of 19 readers within 30 minutes of releasing last Fridays newsletter. Some people do not want to hear that writing on the cheap is not a good thing, because its all they know how to do. People, listen. When pricing is the only factor, you will likely not have a long term relationship with someone. That means editor or reader. When people want to buy you cheap, thats their driving force. There is no LIKE in the factor. Dont make cheap a habit or that becomes your brand. Here are comments from readers that showed they understood the severity of this issue: I agree wholeheartedly that as writers we need to support one anothers efforts If more writers ignored these requests (**from editor for free writing), those markets would either have to find the funding to pay writers properly or realize that if they cant, then maybe they need to look closer at how well they run their businesses. When you give away your work or go for the easier low pay ones you subconsciously tell yourself that you are not good enough to get paid. Worse, getting into the poor or non-paying markets offers a false sense of success. The result of all of this is that you dont have any reason to improve your skills, which would get you into better paying markets. So, I was feeling a little under the weather, and gave my doctor a call. I asked him if he wouldnt mind seeing me for free, since it wouldnt really take much time and he was just fitting me in last minute anyway. Can you believe he turned me down? Claimed hed spent eight years in school, worked his ass off as an intern, was still paying off med school bills, yada yada yada. Well, Ive got options. I go down to the corner drugstore and ask my buddy the manager to give me some free meds. And he starts this whole rant about costs and staffing and insurance and he wouldnt give them to me. I figure, what the hell, Ill just suck it up and get to work. I call up one of my authors and tell him hes booked for a signing, and I promised twenty copies at authors price to the group. Told him I wont be paying him royalties on those. I mean, I cant work for nothing, right? Thank you for this! Ive turned down fabulous projects because of ridiculously low pay and said no to fabulous money because of ridiculous contract clauses. I would never treat anyone that poorly. Its up to each of us to do the right thing and say no. Were saying no for ourselves and for all writers. When we all say no, the low pay and egregious contract clauses would disappear overnight. Good smackdown, Hope. Im with you. If you give your work away, thats what your work is worth. In a race to the bottom, everyone drowns. I was reading an online article from The Guardian this morning on the widening gap between top earners in our industry and the rest of us (theguardian.com/books/2016/jan/15/earnings-soar-for-uks-bestselling-authors-as-wealth-gap-widens-in-books-industry). It was interesting, but much more interesting were the comments, which appear to have been from readers rather than writers. Not only do they not care, but they also think writers are in the wrong in complaining about how much (or rather, how little) they get paid. Definitely an issue for us to resolve in private rather than in public, Philip Pullmans recent action notwithstanding. (NOTE: Regarding that last comment, in case you didnt know, Philip Pullman, author of The Golden Compass, stepped down as patron from the Oxford Literary Festival because they were not paying writers to make appearances. Good man.) A festival organizer asked an acquaintance of mine for names as presenters. She gave them mine. But without me saying anything, she told me she understood my stance about being compensated, and shed let me have that conversation with them. Like I was the exception, but Ill take that reputation all day long. Wouldnt you like to be known as a decent writer who expects payment for their services, or rather someone who gives it away and can be easily had for free?

Trans World Airlines Flight Attendance Case Study

Trans World Airlines Flight Attendance - Case Study Example The strike happened at a time when the airline business was highly competitive (Wallace, n.d.). All airlines were aiming at making huge profit margins. The industry had become deregulated. This case study is a summary of the issues that characterized the strike. It also gives an opinion on the subject supporting it with similar occurrences and common practice. It also makes recommendations on the best way to solve predicaments similar to the one faced by the IFFA and TWA. The recommendations analyze the most favorable solutions to parties embroiled in similar trade disputes. Icahn was faced with the need to cut on costs to bolster TWA’s profits. One way of doing this was by reducing labor costs. It was the easiest way out owing to the fact that other management teams apply it when faced with situations that demand to lower operational costs. Icahn required wage concessions and benefit costs amounting to about 300 million U.S. dollars. This would reduce labor costs and expenses before tax by 20% and 8% respectively. The Air Line Pilots Association (ALPA) and the International Association of Machinists and Aerospace Workers (IAM) were agreeable. The two groups granted Icahn concessions worth $100 million and $50 million respectively, the consideration being profit sharing and worker stock-ownership plans. Icahn was expected to get the remainder from IFFA (Wallace). ALPA and IAM expected the same. If not, he would have to sell the airline because there were some interested parties. IFFA’s leader, Victoria Frankovich, had her reservations about the wage concessions. This was coupled with Icahn’s demands that the flight attendants would be required to put more hours to increase the airline’s productivity and competitiveness. It was intimated that the airline paid a lot more in wages as compared to other airlines with whom it competed; thus justifying these demands.

UK Construction Industry Essay Example | Topics and Well Written Essays - 1250 words

UK Construction Industry - Essay Example Currently, this industry is faced with a shortage of skills as well as safety and health issues. The relationship between contractors and clients, together with the supply chains are very complex. Additionally, a number of firms are moving towards a modern manufacturing approach but others are still traditional. Among the main factors driving the construction sector is the government's Public Private Partnership (PPP) for main infrastructure projects. Private Finance Initiatives (PFI) have also been widely adopted. These projects include prisons, schools, and hospitals. The private sector then takes responsibility in running these projects. PPP and PFI have brought in the discipline of private sector management, ownership and financing. This has greatly improved efficiency and value in the public sector. There is an acute shortage of houses particularly in South East of England. It requires a big infrastructure and housing projects emphasising on brown field sites and high density houses. The UK construction industry will continue to grow. Its output is expected to rise to about 12.7 per cent by 2010. The construction industry in the UK is growing very fast. Experts expect construction to shift from the North to the South and East. This is driven by the strong growth in the housing sector including 36 billion pounds of big projects. East London is expected to undergo a high employment rate at about 18.6 per cent by 2010. London's will be 11 per cent while the South East will be at 14 per cent (Weaver, 2002). Growth in the North is expected to be slower. Construction employment in the North West is estimated to grow by 5 per cent from 2006 to 2010, Scotland by eight per cent, Humberside by six per cent, Yorkshire and Humberside by six per cent and the North East by 6 per cent. Northern Ireland and Wales will also experience strong growth. The construction sector employment in Wales is expected to increase by 12 per cent. This is attributed to the 3.2 billion pound Welsh Quality Standards Scheme. Northern Ireland's 13 per cent growth is associated mainly with the public investment programme planned for the next ten years. Generally, the future of the construction industry in the UK is expected to show the following characteristics: Private output growth will exceed publicly funded construction programmes Public housing is expected to experience the biggest growth since private and government housing developers will seek deliverance of affordable and key worker housing, specifically in the South East and London. The commercial sector is also expected to grow due to the continued recovery for offices market and also further increases in PPP/PFI education and health projects. Infrastructure output is expected surpass the industry average. This will be due to projects like widening of M1 and M25 among other projects. The problems The construction industry in the UK is currently faced with many problems. These problems are threatening to lead this industry into a crisis. Meeting the industry Challenges In spite of its drawbacks, the UK construction sector experiencing increased demand and growth. This offers good employment opportunities. However, the rapidly changing environment has placed a lot of challenges in its bid to deliver new developments. Skills Shortage The construction industry has forecasted that 348,000 more workers will be required by 2010 to

Annotated bibliography Essay Example for Free

Annotated bibliography Essay Source 1:http://business.time.com/2011/08/31/will-steve-jobs-departure-hurt-the-economy/ Summarize: This article discusses how big of an impact Steve Jobs has on the economy we live in today. Apple is a multi-billion dollar company. It has more financial ammo than most sovereign countries, by financial ammo I mean it has much more money than others companies in sovereign countries. Apple trumps the Gross domestic production of Denmark, Thailand, and Greece, which makes the company a true power house in today’s Society. If someone were to ask me what this article is about, I would tell them it explains in detail the impact Steve jobs had on the global economy. Mr. Jobs affected many countries from japan to the United States in a multitude of ways. Assess: This source is useful because it exemplifies the impact of Steve jobs from the Economic perspective. This source is very reliable because it is covered with update information and it is an original written article. The author of this article is not biased; the article exhibits both pros and cons. The goal of this article is to explain the impact Steve jobs had on the economy. Reflection: This source is genuinely helpful to me because it brings forth perfect points that I can connect to while I write my paper. It states how apple affects not only the United States Economy but other countries’ economies as well. This article helps my argument because it says that Steve jobs have a very big effect on the economy. An example of this is in the stock market, when Steve jobs stepped down as CEO of apple, the stock market dropped 5 percent. That is a bona-fide example of how he affects the economy in contrast to the prime Minister of Japan. Source 2: http://www.economist.com/node/21551058 Summarize: This article predominantly talks about how Apple is a major economy innovator. In the last 11 years, apple has come out with 3 products that have completely changed the market. The iPod, iPhone, and iPad. Apple has provided ways to effortlessly surf the internet anywhere anyone wants to, with a beautiful design. Apple has basically created its own mobile generation. Apple has demonstrated that even though the economy is strict, consumers are willing to pay for a â€Å"must have gadget†. Assess: This source is ideally useful because it describes how apple has surpassed its  competitors. Within the last 11 years apple has come out with 3 products that have changed the economy not only in the United States but in other countries too. The information presented in this article is reliable, because all the information is authentic. Also this article is not biased; it shows both the pros and con of the affects Apple has on the economy. The goal of this source is to show how Steve jobs affected the economy in various countries. Reflection: This source will be used to represent how much money Steve jobs generates and how people are willing to do to get this â€Å"must have product†. For an example there was a near-riot in Beijing when customers could not buy the latest iPhone. This source is useful to me because it shows how Steve jobs effects the economy, again when your product runs out and it starts a riot, it is clearly affecting the economy of that region. The source will shape my argument because it helps me show people just how much of an affect Steve Jobs has on the economy, his products are so well loved that if there aren’t any left people start to riot over it. Global Politics: Source 1: http://www.nytimes.com/2012/01/22/business/apple-america-and-a-squeezed-middle-class.html?pagewanted=all_r=2 Summarize: This article mainly discuses the comment made by President Obama. As Steve Jobs was speaking, President Barack Obama interrupted and asked him â€Å"what would it take to make iPhones in the United States?Why can’t that work come home?† He said that because apple was saying that their products were made in the United States but practically all of the 70 million iPhones, 30 million iPads and 59 million other products that Apple produce were sold last year, were manufactured overseas. Mr. Jobs responded withâ€Å"Those jobs aren’t coming back.† He said that because 700,000 people engineer and build and assemble apple parts, in addition to the 43,00 people apple employs in the United States and the 20,000 they employ overseas. Nearly none of those 700,000 people live in the United states, they work in other countries. Some part of the iPhone are American. The software for the iPhone, for instance, and its marketing campaigns were created in the United States. Apple recently built a $500 million data center in North Carolina.â€Å"Also another advantage for Apple was that China provided engineers at an extent the United States could not

Capital Punishment Essay -- Crime Jail Death Penalty Essays

Capital Punishment Throughout the history of man, the penalty of death was given to criminals who broke the law. Capital Punishment is the extreme penalty for crime (Compton's) and is still in use today in many countries. A criminal can be sentenced to death for various crimes. Even more were the methods used to execute, many being cruel and unusual. There have been many debates on whether or not to abolish the death penalty. There are many pros and cons to this complicated issue. Capital Punishment is in use for many reasons and has been enforced in numerous ways throughout the years. The condemned prisoner on death row may have broken the law, but does that give us the right to take the life of another human being?   Ã‚  Ã‚  Ã‚  Ã‚  Why have we used the death penalty? The death sentence permanently removes law-breakers from our society and "prevents the executed criminal from continuing his criminal career (Hollywood Studio)." We kill in desperate hopes that these killers and rapists will not be able to strike again, murdering or raping more innocent victims. In many cases, the criminal has broken the law, but if he is let off easily and slips through the system, he may go out and commit the crime again and again. The death penalty is the ultimate punishment; it gets the point through and teaches the lesson that society will not put up with the people who break the law. It is a very real punishment and leaves no room for rehabilitation of the criminal. Repeat offenders must be kept from breaking the law once more. They have had their chances to repent and reform. The only other way to stop repeat offenders is to merely eliminate them (Electric Chair). Why not just sentence them to life impris onment? Life imprisonment just isn't as effective as the Death Penalty because it is not as severe and harsh (KSCOffices). Life imprisonment is soft and only succeeds in removing the criminal for a certain amount of time. Life imprisonment is also very expensive. The criminal who broke the law should not be allowed to mooch money off the system, receiving heating, clothing, in-door plumbing, and three meals a day, whilst a homeless person has nothing and has not harmed anyone. It costs roughly $30,000 each year to keep an inmate in jail, and many people do not feel it's worth their money to keep Capital offense criminals alive. We use the death penalty to teach a lesson t... ...Penalty and the Disadvantaged. Wisconsin: Gary E. McCuen Publications, Inc., 1997. McCuen, Gary E., and R.A. Baumgart. Reviving the Death Penalty. Wisconsin: Gary E. McCuen Publications, Inc., 1985. Isenberg, Irwin. The Reference Shelf: The Death Penalty. New York: H.W.   Ã‚  Ã‚  Ã‚  Ã‚  Wilson Company, 1977. Compton's Interactive Encyclopedia. Compton's NewMedia, Inc., 1994. Webster's Concise Encyclopedia. Sofsource, Inc., 1996. Clark, Richard. "Some Thoughts on the Death Penalty." [Online] Available http://ourworld.compuserve.com/homepages/capital_punishment- UK/homepage.html, May 14, 1998. No Author. "The Electric Chair." [Online] Available http://www.theelectricchair.com//index.htm. May 8, 1998. No Author. "Methods of Execution." [Online] Available http://www.dos.state.fl.us/fgils/agencies/fcc/reports/monitor/methmon.html/, May 8, 1998. Dieter, Richard C.. "Capital Punishments in the Past: Capital Punishments." [Online] Available http://www.geocities.com/Hollywood/Studio/3015/cap.htm, July, 1998. McNamara, Colleen. "Capital Punishment" [Online] Available http://www.keene.edu/KSCoffices/upward/cappun.htm. Keene State College Upward Bound, 1997.

Macbeth Article Critique Essay

Overall darkness is at fault for the tragedy of Macbeth. Most scenes in story were dark and held an evil atmosphere. A.C. Bradley stated that with so much darkness surrounding the hero, (Macbeth), he was bound to be corrupted by it. The witch’s prophecy, Lady Macbeth, and the constant spilling of blood both innocent and guilty. This darkness that corrupted him led Macbeth to madness as well as his wife. He and Lady Macbeth feared the night when sleep would succumb them and their guilty conscious plagued their dreams. All their evil deeds were brought to the for-front of their minds when they were asleep and this recurring nightmare drove Lady Macbeth to take her own life. When surrounded by darkness one will eventually succumb to its overwhelming power. A.C. Bradley’s argument about the atmosphere of Macbeth was fairly logical. Except for paragraph three where his words caused confusion. Bradley states that momentary flashes of light are shown at random parts of the play. Then he proceeds onto listing those moments. However, this confuses one’ because he doesn’t state what he believes is the reason for these flashes. This paragraph makes one question whether these flashes are good or bad? Are they a sign of Macbeth turning a new leave? All these questions are a burden to the readers. Another confusing matter that comes into play after reading the article is its clarity. The article is partially written in an advanced jargon. This jargon trips up the readers and forces them to re-read the article, divide it into sections, then analyze and translate the meaning of his words. At first it is difficult to interpret the meaning of his words but once understood one would think â€Å"OH, How come I didn’t get it the first time I read it or was it always this clear†? The analyzing of Bradley’s words take up too much time and he should have written them in simpler terms. This article may have its confusing parts but it is well constructed and states the writers’ opinion clearly and methodically. The reactions it evoked from one’ were confusion, stress, and amazement. A.C. Bradley can truly write an amazing paper that makes the readers think deeply without restraint. This article made one think of questions such as â€Å" Did Shakespeare really use light as a fore-warning of an evil deed instead of a good deed?† or â€Å"Does living in a negative environment warp a person’s personality and make them evil and deadly?† the article is great and should be read and critiqued by others. The atmosphere of Macbeth was indeed dark and did weigh on the characters souls, but it is not what caused the tragic events in Macbeth. What caused the tragedy was pure human greed and lust for power. In the beginning of the play when the witches for-told Macbeth of his destiny to become king he began to think of all the ways he could hasten his crowning. However, he feared his treasonous thoughts but his wife didn’t. Ensnared in her lust for power, riches, and fame Macbeth acted on those treasonous thought and killed his king. The man he swore ever-lasting allegiance to. All this just to satisfy his and his Lady’s’ greed for the power King Duncan held. However, his crowning only led to paranoia and un-satisfaction. This is because a senseless act done out of greed can never satisfy or settle ones heart and conscious. Like Erich Fromm stated â€Å"Greed is a bottomless pit which exhausts the person in an endless effort to satisfy the need without ever ending satisfaction.† The hole that could never be filled in Macbeth drove him to madness and in the end led to his and many others’ demise. Greed, lust, and power all added together never result in a happy ending. It only leads to tragedy. The tragedy that was the atmosphere of Macbeth.

Office Automation and Group Collaboration Software Essay

As the business becomes smaller and smaller due to globalization making the business environment more dynamic and competitive, organizations of today are fast realizing the importance of information as an critical asset to successes. This in turn increases the importance of automated soft wares and group collaborations systems, which make information management and use more efficient and effective. This articles explores how Office Automation and group collaboration Systems like Groove are increasingly applied to manual business functions in a network of computers in an organization, which help in business communications, writing reports, saving information and statistics, and group of people working on a project from different location and same or different time frames, all integrated in automated software which saves both time and money increasing the work productivity of the employees. An office automation system heavily relies on a network of workstations in order to create an uninterrupted and fast approach to sending and receiving information in a timely fashion. This can be a local Area Network or LAN for local destinations, for example a network of computers with in a building etc or it can also spread across countries through a Wide Area Network (WAN), which can also be use send instant messages across . this network also provides a secures work space for individual workstations to share and work on documents using groove as a group collaboration software. The functions of an Office Automation System include electronic publishing soft wares which allow users to create documents, edit them as and when requires, insert tables, charts or any other graphics, electronically store important documents and even print them in the form of memos, periodic or ad hoc reports and letters, all these functions are performed by word processing soft wares where as a desktop publishing software can also be used for professional documents for examples brochure, and by making use of available templates for magazines etc Then we have Electronic communication soft wares, as a part of the Office Automation System used for face to face communication with executives in other cities or countries through desktop video conferencing incase of two employees communicating with each other, or electronic collaboration systems which allow different work groups to communicate face to face with each other and work on projects via a network of computers regardless of the geographical location. Another important branch of Office Automation Systems is Telecommuting which now makes It possible for employees to work from home or distant locations avoiding long distance travelling, traffic by connecting to the organization’s local or wide area network. One of the greater advantages of telecommuting is that it allows organization to use the untapped pool of the handicapped people and single parents who for reasons of their own cannot come to the work place. Other advantages of Office Automation Systems is that it also incorporates image processing and presentation and multimedia soft wares like PowerPoint, SPC Harvard Graphics etc which allow the users to edit and integrate both image and texts, videos etc and share it using work collaboration systems. Another important advantage of group collaboration soft wares in this era of globalization is that it allows work groups to work on and share information and coordinate activities at same place same time or different place, different times ensuring a smooth work flow through out the wide spread organization. Although Office automation and group collaboration software make work life a lot easier for us, yet one has to be cautious about the limitations they offer along with the advantages. The soft wares can be used for personnel use unrelated to work. For example instant messaging can be used to discuss topics other than work which wastes both time and office resources. As far as group ware is concerned they can be expensive, may require extensive training, mat not support the rapid changes in technology and due to the availability of company related information with different people at different places it can also lead to a leak in critical information. Therefore, after realizing the importance of automates software and group collaborative system which without any doubt increase work productivity and make coordination of various work activities very easy for us, one must be aware that it does come with certain limitations for which caution should be exercised. After all, information is a critical asset which needs proper management.

Free Essays on Shays Rebellion

Troubled Farmers â€Å"In the first years of peacetime, following the Revolutionary War, the future of both the agrarian and commercial society appeared threatened by a strangling chain of debt which aggravated the depressed economy of the postwar years†.1 This poor economy affected almost everyone in New England especially the farmers. For years these farmers, or yeomen as they were commonly called, had been used to growing just enough for what they needed and grew little in surplus. As one farmer explained â€Å" My farm provides me and my family with a good living. Nothing we wear, eat, or drink was purchased, because my farm provides it all.†2 The only problem with this way of life is that with no surplus there was no way to make enough money to pay excessive debts. For example, since farmer possessed little money the merchants offered the articles they needed on short-term credit and accepted any surplus farm goods on a seasonal basis for payment. However if the farmer experie nced a poor crop, shopkeepers usually extended credit and thereby tied the farmer to their businesses on a yearly basis.3 During a credit crisis, the gradual disintegration of the traditional culture became more apparent. During hard times, merchants in need of ready cash withdrew credit from their yeomen customers and called for the repayment of loans in hard cash. Such demands showed the growing power of the commercial elite.4 As one could imagine this brought much social and economic unrest to the farmers of New England. Many of the farmers in debt were dragged into court and in many cases they were put into debtors prison. Many decided to take action: The farmers waited for the legal due process as long as them could. The Legislature, also know as the General Court, took little action to address the farmers complaints. 5 â€Å"So without waiting for General Court to come back into session to work on grievances as requested, the People took matters ... Free Essays on Shays' Rebellion Free Essays on Shays' Rebellion Troubled Farmers â€Å"In the first years of peacetime, following the Revolutionary War, the future of both the agrarian and commercial society appeared threatened by a strangling chain of debt which aggravated the depressed economy of the postwar years†.1 This poor economy affected almost everyone in New England especially the farmers. For years these farmers, or yeomen as they were commonly called, had been used to growing just enough for what they needed and grew little in surplus. As one farmer explained â€Å" My farm provides me and my family with a good living. Nothing we wear, eat, or drink was purchased, because my farm provides it all.†2 The only problem with this way of life is that with no surplus there was no way to make enough money to pay excessive debts. For example, since farmer possessed little money the merchants offered the articles they needed on short-term credit and accepted any surplus farm goods on a seasonal basis for payment. However if the farmer experie nced a poor crop, shopkeepers usually extended credit and thereby tied the farmer to their businesses on a yearly basis.3 During a credit crisis, the gradual disintegration of the traditional culture became more apparent. During hard times, merchants in need of ready cash withdrew credit from their yeomen customers and called for the repayment of loans in hard cash. Such demands showed the growing power of the commercial elite.4 As one could imagine this brought much social and economic unrest to the farmers of New England. Many of the farmers in debt were dragged into court and in many cases they were put into debtors prison. Many decided to take action: The farmers waited for the legal due process as long as them could. The Legislature, also know as the General Court, took little action to address the farmers complaints. 5 â€Å"So without waiting for General Court to come back into session to work on grievances as requested, the People took matters ...

Andrew Blake Essay Example For Students

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Microeconomics class; News Article Analysis Essay

Microeconomics class; News Article Analysis - Essay Example According to research by the IMF, what is important is consistency in wealth creation, which eliminates inequality at the long run. Other economics believe that, poverty does not arise from inequality, but the move by the government to increase tax against the rich in efforts of ensuring equal distribution of wealth. Countries that focus more on wealth distribution face lengthy periods of slow economic growth. This is because the level of spending within the county is not only low, but also not uniform. According to the article, unequal countries are poor in terms of social indicators, for example, achievements in education, compared to countries that have equality in income distribution. This is an indication that poor families find it hard to invest in education, which pushes them to higher levels of poverty. Up to some levels, redistribution of wealth does not affect wealth creation. For example, in countries with substantial redistribution, the growth in wealth per individual is not substantially lower. However, countries with more redistribution may face shorter growth spells (The Economist). According to the article, there is a positive correlation between wealth creation and income inequality. In other words, the more unequal a country is, the more the rate of income growth. High-income inequality means that only a small proportion of the population within an economy controls the wealth. Therefore, consumption within the economy is as well concentrated within the small population. There is a direct association connecting wealth creation within an economy and the level of expenditure or consumption. In unequal countries, the level of consumption is low because it is concentrated within a few citizens that own resources. Therefore, there is a lack of enough expenditure to spur growth. Developed countries across the world, create more wealth than the developing countries. This is because the level of expenditure within the economies is