Reaction To Of Mice And Man Essays - English-language Films

Reaction to Of Mice and Man The book that I have read that has really stayed with me is Of Mice and Men by John Steinbeck. I really enjoyed reading it which is unusual because I usualy don't enjoy reading to much. There was something about George and Lennie's friendship that really made me think. Seeing how they were and how they shared life was really intresting. George didn't have to bother with Lennie, he could have abandoned him and gone on his own way. But he did not do that, he stayed with Lennie watching over him almost like a parent to a child. Even though Lennie always got Georege in trouble, George never stoped loving him and always stood by him. The friendship they shared went beyond what was transparent they each shared a dream and both knew they ment the world to each other. I felt that if these totaly different people could get along and look out for each other, why can't we get along with people who are different than us. They made me realize that I could learn something from how to treat people who are differnt than me. What I also liked about it was the way they never stopped trying to reach their dream. This made me think that if they could work hard for there dream why can't I. It showed me that it does not matter were you come from or what you do, it is okay to dream and work as hard as you can to reach it. For all it shows for friendship and loyalty it also shows how sometimes you have to do things you never thought you would do. For example in the end when George is forced to shoot Lennie in the head you would never have thought he would do that, but you can see that under the circumstances he had no other choice. He only had two choices let the other people get to him first and watch them torture Lennie while he died a long horrible death or do it himself and get it over quick were Lennie did not know what hit him. This is also true in life, many times we are faced with tuff choices and even though they may be the hardest you will have to go through, you know that that is the only way. You come to the realization that everything you thought you was about, can all change with a blink of the eye.

Cavour Biography essays

Cavour Biography essays Cavour was born in Turin, Peidmont, on the 1st of August 1810. In 1826 Cavour was an lieutenant of the Sardinian Army. After Cavour resigned his commission in 1831, he started getting interested in Politics. Cavour used his knowledge for the family's estates and greatly raised their productivity. He also promoted the modernsation in industry by using new railways and steam ships. In January 1848 there was a mass of unrest in support of liberalism and constitutionalism in Sicily, then included in a Kingdom with Naples (also known as the kingdom of the Two Scillies). In reaction to these events Cavour urged constitutional reform in Piedmont. King Charles Albert awarded a "Charter of Liberties" to his kingdom, on February 8th. Across Western Europe, the year 1848 was the year of revolution. In the German states many rulers had awarded the constitutions. News reached on march 19th Turin that Milan was in revolution against the Austrian Empire and Cavour urged that Charles Albert order the Sardinian army to support the Milanese revolution. On 25th March the Sardinian kingdom declared war on the Austrian Empire. Cavour became a member of the Sardinian chamber in 1849. The Sardinian, and "Italian" forces, were overthrown by a resurgent Austrian Empire at a major battle of Novara in March 1849. In the July 1849 elections related with this succession Cavour was again returned to the chamber of deputies. Cavour made a speech in the chamber, on the 7th of March 1850, where he suggested that "Piedmont, gathering to itself all the living forces of Italy, would soon be in a position to lead our mother-country to the high destinies to which she is called." In November 1852, Cavour was invited to lead a new ministry. ...

Atticus Finch In To Kill A Mockingbird English Literature Essay

Atticus Finch In To Kill A Mockingbird English Literature Essay Atticus Finch is one of the most steadfastly honest and moral characters in â€Å"To Kill a Mockingbird† by Harper Lee and his character remains, for the most part, unchanged throughout â€Å"To Kill a Mockingbird†. As any character analysis of Atticus Finch should note in terms of the plot of â€Å"To Kill a Mockingbird† he begins as an upstanding citizen who is respected and admired by his peers and even though he loses some ground during the trial, by the end of To Kill a Mockingbird he is still looked up to, both by his children and the community as whole-with all class levels included.   Ã‚  As a lawyer in To Kill a Mockingbird, Atticus Finch represents everything that someone working in the justice system should. He is fair, does not hold grudges, and looks at every situation from a multitude of angles. As Miss Maude quite correctly puts it in one of the important quotes from â€Å"To Kill a Mockingbird† by Harper Lee, â€Å"Atticus Finch is the same in his house as he is on the public streets† (87) and this could also be said of how he behaves in the courtroom. He is a skilled lawyer and without making outright accusations in a harsh tone he effectively points out that Bob Ewell is lying. Even more importantly, the subject of this character analysis, Atticus Finch, is able to gracefully point out to the jury that there although there probably are a few black men who are capable of crimes, â€Å"this is a truth that applies to the human race and to no particular race of men† (208). His understanding of equality and his colorblindness allow him to see clearly that the case has been motivated by racial hatred and he is strong enough, both as a person and a lawyer, to see that this is a wrong that needs to be discussed and pointed out to the community. In general in To Kill a Mockingbird, as a lawyer, he is much as he is as a father-focused on justice, equality, and imbued with the special talent of seeing a numbe r of angles to every situation.   As a parent in To Kill a Mockingbird Atticus, although older than most of the other children’s parents, is very careful to offer his children careful moral guidance. Instead of trying to force principles of politeness or societal norms on them, however, he is careful to provide his instruction in a way that makes the children think about their actions. For example, he offers them complex lessons in life and tells them, â€Å"shoot all the blue jays that you want, but remember it’s a sin to kill a mockingbird† (103). This lesson is not to tell them that shooting things is good, but rather that there are some things that are living peacefully and have a purpose on the earth. In addition to this, as a lawyer and a man of words, he recognizes the importance of having good verbal and reading skills and he teaches Scout to read from a very young age. As another example, when Mrs. Dubose dies he teaches his children an important less on about courage and strength by telling them, . â€Å"I wanted you to see what real courage isà ¢Ã¢â€š ¬Ã‚ ¦it’s when you know you’re licked before you begin but you begin anyway and you see it through, no matter what† (116). The most important aspect of this in terms of the major themes in â€Å"To Kill a Mockingbird† presented via this character, it is that he does not just tell his children things he wants them to consider important, he actually follows through and lives according to such lessons. For example, as seen in To Kill a Mockingbird   even though he knows he will not win the case and is â€Å"licked† he goes ahead and pursues it anyway. As a father his most important role seems to be as a teacher above all else and his children, much like the rest of the community respect him greatly for this.

Ethics, Privacy, and Security Sides of Computer Spammer Issue Essay

Ethics, Privacy, and Security Sides of Computer Spammer Issue - Essay Example They flood the networks through continuous bombardments. The interests of ordinary users are of no threat to anyone else especially their privacy and flow of information across the network. In case of spammers, the activities are motivated by damage and illegal practices. There is the margin of improvement to the manner in which Spamhaus operates. It has raised the eyebrows in cases where organizations have become a victim of this barring process Spamhaus methodology is based on the idea of segregation. Separating the good from the bad and this is done through blocking of the list of ids which are habitual offenders. Once the list is compiled that of blacklist ids, their list is sent across the networks of institutions and organizations. However, their work and the methods adopted has resulted in various legal constraints from time to time. Though the methods adopted by them have made the task relatively easy and according to some, the inboxes would get flooded with junk and spams incase Spam Haus was not in place and not conducting the operations. While the Spamhaus process does irk some of the business community members, due to the indiscriminate and at times random blocking, the solution can be reached by installing effective software and firewalls at the back end that stream out the spam and other junk mails prior to reaching the customers. In this method the direct approach and reach to customers can be eliminated and as a result, only those ips and addresses can reach to the customers that are authenticated and of no damage. This can by large resolve the issues faced in the case of Spamhaus. There are multiple legal issues faced in the usage and application of Spamhaus.

Managing Financial Resource and Performance Assignment

Managing Financial Resource and Performance - Assignment Example Different stakeholders have competing and sometimes even conflicting interests with the company. It is the job of the company to ensure that a proper balance is strike between the two types of interests (Reeve, Warren and Duchac, 2012). Government: The government is concerned with the compliance o food grade standards and production quality maintenance of Coca Cola Company. Coca cola has to make sure that the food produced is of highest quality and complies with the adherence standards of the regulatory norms. Creditors: for the benefit of its creditors which include company distributors and vendors, the company organizes creditor meetings and also conducts regular surveys through distribution satisfaction survey. Training programs educate on the manner of sales and distribution is conducted at regular intervals by the company at its various head offices (CCI, 2010). Suppliers: for the benefit of suppliers and for engagement in sustainable relationships with the suppliers and contractors of the company, Coca Cola Company conducts Improvement Audits on a regular basis. It also organizes regular training programs among its suppliers for proper and standardised sourcing of ingredients for its produce. Plant visits educate suppliers about their quality standards and compliance level expected off them. Media: For the media, the company has regular publications of annual reports, press releases and CRS reports. The analysts can also come to investor conferences and analyst meetings when they are held. On any occasion the media can contact the company of the CCI Corporate Website and put their queries through the Online Feedback forms. Regulatory Bodies: the regulatory bodies are concerned with the environment friendliness of the production and waste disposal processes undertaken by the company. The production line and waste management teams of the operations department at Coca Cola have to assure that all

Globalization in the 1970s Essay Example for Free

Globalization in the 1970s Essay Globalization is not a new concept as there have been numerous cycles of globalization stretching as far back as the ancient civilizations. The wave of globalization prior to the oil embargo was after the Second World War. Although this period was marked with rapid economic growth, it came to an end in 1973 after the Arab oil embargo that resulted in a rise in oil prices. Financial globalization particularly can be termed as the integration of country’s local financial system with international financial institutions and markets. The main agents of financial globalization are the governments and hence they need to liberalize any restrictions on their domestic financial sector and capital account of the balance of payments if any form of integration is to take place (Schmulker, 2004:5). Dammasch (2010: 4) asserts that the economic environment in times of globalization changes rapidly with capital movements becoming larger and less controllable. Therefore there is usually a need to create a stabilizing system. The situation after the Second World War which was marked by falling credit institutions, mass unemployment, hyperinflation and bankruptcy of enterprises brought about such a necessity. The Bretton Wood system thereby came into creation. Bretton Woods’s agreement of 1944 was part of the decision by the industrialized countries to restructure themselves after the Second World War and the difficulties encountered especially after the First World War for the purpose of financial globalization. There was a great need for these nations to come up with workable rules and regulations which would direct them in the formulation of national policies that would facilitate the pursuit of common economic objectives (Kenen, 1994:11). The necessity and urgency of this legal structure was collectively agreed upon and accepted as it was viewed as a way of avoiding the negative effects that had marred the inter-war period (King, 2003:30). The Bretton woods years that spanned from 1946-1971 are seen in retrospect as a golden age of capitalism with exchange rate stability and rapid economic growth (King, 2003:30). This is because the system ensured that value of price increases was just and that the exchange rates remained fixed for unlimited periods in all key industrialized countries. Moreover, the national income in the G7 countries rose more rapidly than in any other comparable period. The system ensured long-run price stability for the whole world because the fixed price of gold provided an ostensible anchor to the world’s money supply. Therefore by pegging their currencies to gold, individual nations fixed their prices levels to that of the world (Bordor et al, 1993:1). King, 2003:30 emphasizes that the Bretton Woods system had two main characteristics which were: the existence of a set of rules that consisted of fixed rates of exchange, capital controls and independent policies of domestic macroeconomics on one hand and US domination on the other hand. Capital control as was stipulated in the Bretton Woods system was officially authorized and every government was highly encouraged and had the right and obligation to control its movement of capital. Capital control is the ability of the government to control the in and out flow of capital to and from their country. This meant that bank discount rates were not necessary when the central bank wanted to attract capital inflows or avoid flight of capital. As a consequence, the bank rate is maintained as low as possible (King, 2003:31). However, a country’s domestic economy can be adversely affected through inflation by in and out rapid flow of capital together with fixed rates of exchange. Capital controls essentially prevent rapid outflow of capital and can equip governments with the ‘tools’ to prevent economic crisis in the future. In this system capital control played a significant role whereby it effectively regulated the fixed exchange rate system that had been agreed upon by members during the Bretton Woods agreement. Whenever exchange rates required adjustments capital control was an integral component of the adjustment mechanism. These controls were fundamental to the reconstruction and growth of the international trading system that had been devastated by global depression, the two world wars and hyperinflation. This meant that capital flow was highly restricted with countries prohibiting convertibility. In capital control, currency non-convertibility was the most restrictive form of control. The government was the only one permitted to have the exclusive authority to hold foreign currency and to also to give it out to importers that had been approved by the government. Countries that fixed their exchange rates at levels that were unacceptable could therefore be monitored through this system (Eicher et al, 2009:470). Kitschel (1999, p. 38) further expounds that the capital controls were viewed as instruments of exchange rate stabilization and also as means of securing full employment and other national economic priorities. Additionally the system condoned the controls not only for short term management of balance-of –payment crises but also for the purpose of domestic economic management. The limited capital-account convertibility was the most common form of restriction. It enabled the system to place limits and know who had the right and accessibility to foreign exchange rates. Moreover, qualitative restrictions were also put in place which urged for the limitations on the external asset and liability position of domestic financial institutions. The controls were also placed on foreign banks domestic operations as well as on resident firms’ and on individuals’ direct savings, collection of foreign possessions and real estate property. Dual or multiple exchange rate system was another form of capital control that involved discrete rates for either commercial or financial transactions (Kitschel, 1999:39). Therefore the system allowed members to regulate international capital movements as long as they did not restrict payment for current external transactions. Although currencies would be freely convertible into one another after a transaction period, members were allowed to place capital controls on currency transactions if such capital flows threatened to overwhelm the nation’s balance on payment or exchange rate stability (McNamara, 2003:75). Forces challenging the system Although the Bretton Woods system was important to the economic prosperity after the Second World War, it nevertheless failed to support the equally rapid growth in the advanced countries over the next 25 years. One of the reasons according to Kenen (1994, p. 7) is the fact that the permanence and malleability of the system was slowly being destabilized by the postwar system. There were two vital roles of the Bretton Woods system. The first goal was geared towards producing exchange rates that were stable through the use of capital control and the second goal was meant to shield member nations from the shifting demands brought about by the flow of gold. Nonetheless, these goals highly contradicted each other because the system could not guarantee that global prices would remain stable as it lacked an effective technique. Additionally, the founders of the Bretton Woods system explicitly designed the system in an effort to disentangle international monetary relations from power politics. Nonetheless postwar monetary relations were highly politicized and required constant political interventions to keep the system functioning smoothly. Another flaw of the Bretton Woods design was that it lacked an effective, automatic mechanism to adjust and settle payment imbalances that inevitably arose between surplus and deficit countries. Under this system, a country that had a payment deficit most probably lost its gold which decreased the domestic monetary base and resulted in a decline in the currency’s purchasing power. Inevitably, the country’s imports would fall, exports would rise and the payment would eventually balance. However, the loss of gold and the decrease in money supply also meant that there would be a fall in the cumulative domestic demand, which meant deflation or even the possibility of depression. These structural problems assured that chronic balance of payments would mushroom into full-scale political problems, both domestically and between nations (Gavin,:6). Originally, the Bretton Woods system was designed to produce stable exchange rates while at the same time shielding national economies from demand shifts produced by the flow of gold (Gavin,:6). The founders wanted to set monetary arrangements that could combine the advantage of classic gold standard i. e. the exchange rate stability with the advantage of floating rates i. e. the independence to pursue national full employment policies. They mainly sought to avoid the defects of floating rates (destabilizing speculation and competitive beggar-than-thou-neighour policies). The disadvantage of fixed rates is that individual nations were exposed to both monetary and real shocks transmitted from the rest of the world via the balance of payment and other channels of transmission. The common world price level under the gold standard exhibited secular periods of deflation and inflation which reflected shocks to the demand for and supply of gold (Bordo et al, 1993:1). Countries like Germany and Japan were reluctant to import foreign inflation and this could have attributed to the eventual collapse of the system. In the long run this broke the credibility of the fixed exchange rate commitment among countries and the willingness of the central bank of several countries to cooperate in order to maintain the fixed parities. In other words the system failed because the commitment by the US of fixed equality was not reliable due to the inflation that was accelerating (King, 2003:33). The collapse of the Bretton Woods system is also related to the increasing speculative capital flows. With time as the dollar continued to decline, the US economy was unable to assure other countries that the dollar could be converted to gold at the fixed parity. In this view, the collapse of the system was related to the escalating in and out movements of capital and the lack of capacity of the dominant country, the US to control them (King, 2003:32). In conclusion the end of the Bretton Woods period can be said to have come when President Richard Nixon finally suspended the official conversion of the dollar into gold at $35 an ounce, shut down the gold window and cut the exchange rate system loose. Importance of the Euromarkets The growth of the Euromarkets has been directly linked to the expansion of the US multinational firms, and the consequent expansion of US banking abroad. This growth of the market and its development coincided with the increasing pressure of the US economy and the recoveries witnessed in the capitalist economy. The Eurodollar market therefore took over aspects of a developed domestic credit system since it was operating globally and independently from the central banks. Therefore, Britain which was a low-productivity and low-wage country became the center of global finance due to the contribution of the Eurodollar market. London developed as a center of global circulation of capital and hence became the world’s leading Eurodollar market. The regulation of the currency which allowed the partial and finally the full convertibility of the pound for those who were neither residents of the dollar or the sterling are some of the factors that brought about the growth and development of the Eurodollar market (Patel, 2007:1). This market was deemed important as it helped in redistributing surplus liquidity, in facilitating adjustments of internal liquidity in countries whose monetary systems rely on the import and export of short term funds through banks as a major monetary regulator. The Eurodollar market also helped to maintain world business activity at a high level by the availability of short term working funds. The Nixon Shock The Nixon Shock is termed as a series of economic measures that were taken by the then US president Richard Nixon in 1971. This decision was reached upon by various events which included: the Vietnam War that had become too costly and had drained the gold reserves of US, the increased domestic spending that accelerated inflation, the balance of payment deficit by US and trade deficit (Engdahl, 2003:1). Additionally, the US dollar foreign arbitrage had also caused the governments gold coverage of the paper dollar to decline by 33 points from 55% to 22%. Therefore in 1971, President Nixon imposed tariffs on all imports of 10 per cent to help reduce the trade deficit though it was removed in December the same year. At the same time, a freeze was put on wages and prices for a period of 90 days in a bid to lower inflation with the Federal Reserve Swap ending its support for other central banks. The convertibility of the dollar into gold was also ended and a limitation on gold transactions was put implying a decrease in the value of the dollar. This announced detached the US from the Bretton Woods system which collapsed from operation. After the gold convertibility of the dollar was suspended and flexible exchange rates emerged (James, 2010:1). After the Nixon shock, the US realized that it could exert more global influence through US treasury debt than from trade surpluses. In the 1970s oil was the only key commodity traded in dollars. This was due to the fact that the dollar was the only currency with the highest purchasing power and the only one that was backed by gold (Dammasch, 2010:6). As a result the US realized that the other nations would continue to demand for dollars for them to buy oil which was by now inflated in price. Thereafter, US trade partners had so many dollars in their reserves that they feared to create a dollar crisis. Instead they inflated and eventually weakened their own economies to support the dollar system as they feared a global collapse. Therefore when the price of oil increased in 1973 the dollar surprisingly continued to gain despite countries like Japan, Germany and the rest of the world suffering from severe economic destruction (Engdahl, 2003:1). Nonetheless, these measures did not help to restore or even quicken the economic growth rates of US or even correct the surplus reserves of dollars in Japan and Germany. From there henceforth, all the currencies of the Western nations began to ‘float’. There were no longer set exchange rates in the international market since the common link that was there before i. e. the Bretton Woods System, no longer existed. Ultimately, by the end of 1974, the price of gold had risen to $195 from $35 per troy ounce. As a result, due to unrestrained inflation there was a155% increase in the price of gold in a period of three years (James, 2010:1). Yom Kippur War The Yom Kippur War named after the Jewish holiest holiday, Yom Kippur began on October 1973 when Syrian and Egyptian forces backed by Soviet Forces launched attacks on Israel forces in the Golan Heights and Sinai in an attempt to recapture the land occupied by Israelites. However, despite the surprise attack on Israel, they emerged victorious due to the immense backing from US who provided them with weapons and intelligence. Therefore in a bid to punish the Western world for their aid to Israel, the Arab nations placed the oil embargo. This was initially political tactic meant to pressure the US into requesting Israel to withdraw from the Arab territories. However, with time the Arabs used it as an economic tactic when they realized the amount of power they had over the world through oil. The prices of oil thereafter quadrupled and continued to be a threat not only to America’s economy but also to the whole world. After the Yom Kippur war the OPEC member states struck back against the West for their support of Israel by imposing an oil embargo which increased oil prices by 70%. Lending by Private Banks to Developing Nations The origin of the debt crisis in the Third World countries has been attributed to the expansion of banking society in the US at an international level together with the rapid economic growth in the world. Before the oil price crisis of 1973-74 began, the real domestic product growth rate of developing countries averaged 6% annually. However, though the rate of growth had slowed down for the reminder of the 1970s it averaged 4-5%. This growth nonetheless generated new interests by the US corporate investment and similarly by other international banks. This multinationalism in providing financial services contributed to the emergence of the Eurodollar market which gave the US banks access to funds that they could undertake Third World Loans on a large scale. Additionally, the sharp rise in crude oil accelerated the expansion in lending (LCD debt crisis, 2010:192). The oil-exporting countries in the Arab world deposited their profits made during the oil crisis in banks in the European and US banks. This further fueled the lending boom. Since the banks had now been provided with more funds they became eager to make profits and hence invested it in developing nations by financing new development projects. The abrupt increase in oil prices brought about instant inflation into the prices of all other commodities. Moreover, the developing countries which had been crippled by these high oil prices saw this as an opportunity to borrow cheap money from the international banks so that they could offset the huge deficits ((LCD debt crisis, 2010:192; Schmulker, 2004:2). These funds that were known as petrodollars and had been recycled back to developing nations therefore generated inflationary pressures around the industrial world and created the debt crisis in developing nations (Cypher and Dietz, 2008:204). US High Interest Rates The developing nations during the 1970s were given loans at very low interest rates. However, this situation changed when the US in the early 1980s pushed up the interest rates of loans in an endeavor to stop inflation. This meant that the loans that had been lent out to Third World nations by US or other lending banks in Europe had to paid back with huge interests rates. Hence, by the 1980s the economy of Third World nations had began to stagnate and many nations were on the verge of bankruptcy due to the combination of mounting debts and low economic growth rates. The total debt had amounted to $567 billion and the high interest rates forced them to take out new loans which increased the burden (Jauch, 2009:1). This dismal situation was further compounded by the oil shock of 1973 and 1979. This decision by OPEC crippled the economies of many Third World nations with the cost of imported energy rising. Therefore, the culminative result of this crisis saw many developing nations especially those in Latin America unable to pay their debts during this period. IMF Structural Adjustment Programmes When it became evident that these nations would be unable to service their loans, the IMF came up with conditions which were dubbed Structural Adjustment Programmes (SAP) to solve the debt crisis among developing countries (Shimko, 2009:168). The SAP was proposed by the World Bank and the International Monetary Fund which were formed during the Bretton Woods period. These programmes imposed various conditions for countries especially developing ones that intended to borrow more loans (Jauch, 2009:1). IMF claimed that these reforms were necessary for promoting the economic growth needed to pay back the loans. The IMF required reforms to be carried out in the respective countries before aid could be provided. For example, Mexico whose debt burden grew faster than its own economy was loaned money by IMF to prevent a default. However, Mexico had to certain economic reforms before the loan could be dispatched. Although the conditions imposed on the developing nations differed, the same basic conditions were expected of all the nations (Shimko, 2009:168). The various key reforms according to Shimko 2009:169 included: †¢ Balancing of government budgets: this entailed either increasing the revenue for the government (providing new fees for government services) or drastically reducing the government spending. †¢ Reducing quotas, tariffs and other import barriers: this was aimed at subjecting the domestic industries to international competition. †¢ Liberalization of the capital market: this basically meant reducing the restrictions on foreign investment. †¢ Reducing government subsidies to domestic industries: these subsidies are those that had been part of import substitution strategies. †¢ Privatizing or selling the government-owned industries to the private sector. Nonetheless, these conditions did not alleviate the dire economic nor bring any economic development but rather the conditions intensified the existing situation. Although IMF studies claimed that the growth rates in countries under this programme increased from -15% in the 1980s to only 0. 3% in the early 1990s and 1% by mid-1990s, the World bank declared that there was no evidence whatsoever to account for any economic growth (Shimko, 2009:178). Additionally, lack of government subsidies or protection from foreign competition forced domestic industries to reduce their costs by lowering wages or by laying off workers. Therefore the liberalization of trade and the opening up of economies to unrestricted foreign investment had a deleterious impact on the poor nations and people (Shimko, 2009:177). Effects of the High Oil Prices in the 1970s As a result of the Bretton Woods system and the oil shock, a new wave of globalization began. Recession was prevalent with unemployment peaking at 9. 1% industrial production went down by 15% and high inflation in all areas. Additionally, when the Bretton Woods system of fixed exchange rates collapsed, countries were now opened up to greater capital mobility and they also retained the autonomy of their monetary policies. The Brandy Bonds came into existence when Mexico’s Minister of Finance announced that the country would be forced to default on its debt. The default on loans worsened as more banks in developing nations informed the IMF and Chairman of the Federal Reserve of their inability to service their debts in time (LDC debt crisis, 2010:191). The Brandy Bonds in a bid to resolve the debt crisis of the 1980 not only led to the subsequent development of the bonds market but also brought about a new phenomenon especially for emerging economies. Moreover, technological advancement, privatization and deregulation (which resulted in the corporate culture with national interests of decreasing consideration in business decisions) made foreign direct investment and equity investment in the emerging markets even more attractive for households and firms in the developed nations (Schmulker, 2004:2). Overall, there was a severe recession which hit the hardest the Western world. In Wall Street, oil stocks performed well due to the price increase as the profits soared as the rest of the market buckled under the low prices. Before the oil embargo was imposed by OPEC members, the price of crude oil was mainly determined by major oil companies in the West which retained 65% of the revenue of the oil. This type of arrangement was referred to as oligopolistic market arrangement. This meant that oil prices that had been posted in the market were established with the taxes and royalties paid to the exporting governments on the basis of this price. However following the embargo, property rights were transferred to the host countries from the major companies that had operated the industry and hence the cartel was able to take over the functions of the companies and retain more of the revenue generated Thereafter, the determination of crude oil price was passed into the hands of OPEC which set an official selling price for the best known among its crude. At the same time individual members were given the opportunity to adjust their selling prices in relation to this market according to the quality of the oil being produced (Trumbore, 2010:1). The continued high oil prices encouraged the exploration and subsequently the production of oil in high-cost oil regions such as Canada, Mexico, and North Sea. During the 1970, the increased demand of fossil fuels and increased prices for the product greatly reduced globalization. As the nations became more advanced, the rate of globalization declined. Although globalization grew for a while after the embargo, the rate of growth began to decline as the oil prices decreased (Okogu, 2003:1). The oil embargo impacted severely on the economy of Japan resulting in energy price inflation since by this time it was the only developed nation that relied heavily on oil with very few hydrocarbon reserves or any other alternatives. Japan was therefore forced to reconsider its industrial model. The oil shocks catalyzed the rapid turnaround which enabled Japan to become the leading energy efficiency country. The petroleum Supply and Demand Optimization Law was aimed at setting oil targets and restricting oil use. Japan’s vision after the oil embargo was to reduce its dependence of oil from the Middle East, therefore it started to charge import taxes on all petroleum products especially those that were used to generate power. Japan therefore became a pioneer in liquefied natural gas which today accounts for half of the worlds market. During this period, Japanese car brands like Toyota and Honda which had previously sold poorly enjoyed enormous success in the US market. Americans who had traditionally been fond of big cars were now confronted with a new challenge that included higher oil prices accompanied by long queues at the gas stations and rationing of gasoline. They therefore began to demand more of the Japanese brands for their small size and fuel-efficiency (Stewart and Wilczewski, 2009:1). Conclusion Even today, the Dollar System is still the real source of global inflation since t is the only global reserve currency as it has been witnessed worldwide since the 1971. Other countries in the world have to ensure that the reserves of their central banks are in dollars if they are to trade in the international market. This helps to guarantee against currency crisis, to back their export trade and to finance the importation of oil. Today, 67% of all central bank reserves are dollars (Engdahl, 2003:1). The debt crisis in the 1970s created by various variables including the oil embargo, the unprecedented borrowing and poor economic planning crippled the economy of many developing nations in Africa and Latin America. Despite efforts by the World Bank and IMF to offset these payment balances, the situation remained virtually unchanged. Ironically, other countries like Japan and US though they were affected by the rise in oil prices, were able to rise above the situation through oil exploration in their own countries which reduced their reliance on the imported oil from Middle East. Therefore, though the oil embargo did touch the economies of all the different nations, the degree and intensity was not the same. While other countries were completely devastated e. g. Third World nations others in the West found ways of reviving and even propelling their economies to greater heights. References Bordo, M, Eichengreen, B and National Bureau of Economic Research (1993). Bretton Woods System: A Retrospect. London. University of Chicago Press. Dammasch, S. (2010). The Bretton Woods System. [Online:] Available from http://www. ww. uni-magdeburg. de/fwwdeka/student/arbeiten/006. pdf Dietz, J and Cypher, J. (2008). Economic Development Process. New York. Taylor Francis. Eicher, T, Mutti, J and Turnovsky, M. (2009). International Economics. Taylor Francis. Engdahl, W. (2003). The Dollar System US Economic Reality. [Online:] Available from http://www. engdahl. oilgeopolitics. net/1973_Oil_Shock/Dollar_System/dollar_system. html Garber, P, Dooley, M and Folkerts-Landau, D. (2005). International Financial Stability. [Online:] Available from http://people. ucsc. edu/~mpd/InternationalFinancialStability_update. pdf Gavin, F. The Cold War Gold Battles. American Monetary Policy the Defense of Europe, 1960-1963. [Online:] Available from http://www. utexas. edu/lbj/faculty/gavin/articles/gold_battles. pdf Jauch, H. (2009). How Africa was destroyed by the World Bank, IMF- Structural Adjustment Programmes (SAP). [Online]: Available from http://www. newsrescue. com/2009/05/how-the-imf-world-bank-and-structural-adjustment-programsap-destroyed-africa/ Kenen, P. (1994). Managing World Economy. Washington. Institute for international Economics. King, E, J. (2003). The Elgar Companion Economics. Cheltenham. Edward Elgar Publishing Limited. Kitschelt, H. (1999). Continuing Change in Contemporary Capitalism. Cambridge. Cambridge University. Okogu, B. (2003). Changing Oil Market in North Africa Middle East. [online:] Available from http://www. imf. org/external/pubs/ft/med/2003/eng/okogu/okogu. htm Patel, H. (2007). The Eurodollar Market Contribution to the Modern Financial World. Online: Available from. http://www. pharmasuppliers. com/index. php? option=com_contentview=articleid=14catid=13Itemid=20

Breast-feeding is the Best Option Essay -- Health, Breast Milk

Breast-feeding is a process that involves an infant suckling its mother’s breast in order to get some milk. Breast milk can sometimes be substituted with baby formula for a number of reasons. These reasons may be death of the infant’s mother, the mother’s being a working mother and is always away, and some mothers just opt for baby formula. The formula has a number of advantages: it is readily available, cheaper, and easy to control. Breast milk is sometimes referred to as the line of equal measure between the very rich parents and the poor parents (Pryor & Kathleen, 2010). All infants are lucky to be given all the nutrients present in mothers’ milk without an extra cost. There are numerous studies on the effects of breast-feeding both to the mother and the infants. However, these studies concentrate mostly on short term benefits but not long term benefits of the discussed process. This paper serves to investigate the long term benefits of breast milk from a growth, nutrition, and biocultural perspective. In this study â€Å"long term â€Å"refers to a time not less than two years. What exactly does the breast milk consist of that makes it so miraculous and important in growth and development of a baby? Breast milk contains long chain polyunsaturated fatty acids that are not contained in baby formulas as well as antibiotics for protection against diseases. Moreover, it also includes all the vitamins required in the human body. In essence, it is only food that contains everything that a baby needs for proper growth and healthy development. Earlier studies have indicated that the benefits of breast-feeding outweigh the benefits of baby formula. These benefits are both for the mother and the infant. Research has also indicated that these bene... ...should adopt these practices. Baby formula should be adopted as an option but not as a substitution for breastfeeding. Works Cited Hormann, Elizabeth. Breastfeeding an adopted baby and relactation. Schaumburg, IL: La Leche League International, 2006. Print. Lawrence, Ruth A., and Robert M. Lawrence. Breastfeeding a guide for the medical profession. Maryland Heights, Mo: Mosby/Elsevier, 2011. Print. Pryor, Gayle, and Kathleen Huggins. Nursing mother, working mother : the essential guide to breastfeeding your baby before and after you return to work. Sydney, N.S.W: Read How You Want, 2010. Print. Riordan, Jan, and Karen Wambach. Breastfeeding and human lactation. Sudbury, Mass: Jones and Bartlett Publishers, 2010. Print. Rubin, Stacey H. The ABCs of breastfeeding everything a mom needs to know for a happy nursing experience. New York: AMACOM, 2008. Print.

Managed Health Care

Within the past thirty to forty years, the scope and cost of health care coverage and services has drastically changed, altering the manner in which health care was previously managed. There are several factors that have affected the cost of health care coverage over the course of the past two to three decades. One of these factors is the introduction and rapidly increasing enrollment in managed health care insurance plans. Managed care health insurance plans can, in most cases, help to alleviate the rising costs of effective medical coverage. Another important factor that has affected health care costs is the invention and implementation of new medical technologies. As prominent researchers and economic analysts have discovered, there is a distinct and direct correlation between advancing medical technologies and rising health care costs. Medical innovation has been proven time and again to be an important determinant of health care cost growth. It would appear that managed care health insurance plans, which attempt to lower health care costs, and highly expensive new medical innovations and procedures are at cross purposes, pulling against one another in very different directions. Market-level comparisons have found the cost growth of health care in markets with greater managed care penetration to be generally slower than that of non-managed care health insurance markets. However, managed care is unlikely to prevent the share of gross domestic product spent on health care from rising unless the cost-increasing nature of new medical technologies changes. Managed care health insurance plans differ greatly from indemnity fee-for-service, or FFS, insurance plans. Since the early 1970's, rapidly growing enrollment in managed care health insurance plans has transformed the health insurance market in the United States. Virtually nonexistent in most markets three decades ago, managed care health plans covered 63 percent of the nation's employees by 1994. Managed care incorporates a range of features that allow the insurer greater influence in the process of care delivery. Managed care plans aggressively contract for lower prices from physicians and hospitals and attempt to constrain the use of health care services by monitoring providers and changing provider incentives. Health insurance providers that operate under the fee-for-service concept grant the consumer much more freedom of choice concerning doctors and treatment programs, thus freeing the consumer of any feelings of discontent with â€Å"interfering† insurance companies. Consumers of indemnity plans, however, pay a price for that freedom by way of drastically higher rates and little knowledgeable input on doctors, specialists and nearby hospitals that will fit their particular needs. Many of today's health insurance consumers choose to place their trust in a managed care insurance company, relying on the expertise of the provider to support and facilitate their various medical treatments and needs. Health maintenance organizations, commonly known as HMOs, have emerged as the clear leader of managed care providers. Other types of managed care plans include preferred provider organizations, point of service plans and managed indemnity plans. Most studies focus on HMOs and so do not describe variation in the type of HMO or in the extent of the level of management in non-HMO plans. HMOs have effectively reduced health care expenditures (Scheid, 2003) A natural assumption would be that the quality of care would be lowered as insurance rates go down and remain reasonable and affordable. However, these cost savings have been achieved, according to most evidence, without significant reductions in the quality of care (Bransford, 2006). This suggests that managed care health insurance plans -HMOs in particular- tend to reduce inefficiencies in the health care system. In fact, a study that examined changes in hospital expenses in California found as much as a forty-four percent slower rate of hospital care cost growth in markets with high HMO penetration relative to markets with low HMO penetration (Cooper, & Gottlieb, 2000) There are two main types of services that managed care health insurance companies use to categorize and label their treatments and procedures. These categories are known as complementary services and substitutive services. These two terms apply to new innovations in medical technology and the amount of money spent to provide the technology to the consumer. Complementary services are those whose use increases with the use of the new technology. Complementary services are attractive to the consumer, who, understandably, desires the latest, most effective medical technology to treat themselves and their loved ones. For example, suppose an improvement were to be made in the field of diagnostic imaging. This improvement could provide clearer, higher quality images, thus leading to more favorable surgery outcomes. The likelihood of a better surgical outcome may result in more individuals electing to receive surgical treatment. The development of this new technology in diagnostic imaging would, no doubt, have been highly expensive. Also, the costs associated with an illness in which there is an increased need for surgery are usually quite high. If an innovation leads to greater use of complementary services, expenditures raise more than would be predicted by simply examining the direct expenditures on the innovation. In this case, imaging and surgery are complementary technologies. This example suggests that the use of complementary services may increase the costs associated with use of new innovations by as much as fifty percent. Substitutive services, on the other hand, differ in that they are not provided because of the use of new technologies. The savings associated with the avoidance of these services offset the costs of the technological innovations and complementary services. If the innovation results in improved health outcomes, substitution away from services that would have been consumed later may also occur. It is also hoped that this type of substitution would accompany most preventive services and many other innovations that yield a reduction in morbidity in the long-run. Evidence suggests that medical innovation has led to higher expenditures on health care services. It appears that if the rising cost of health care that results from technological advances remain unchecked by managed care, the effect of technological progress will tend to offset any cost savings achieved by managed care through lower prices or lower use of established services. Factors such as population increases, extended life expectancies and overall inflation have contributed to rising health care costs. However, studies have proven that important advances in specific areas of medical technology have had the most intense effect on health care costs. This finding still applies when it is considered in terms of managed care health insurance plans to a certain undeniable extent (Scheid, 2003). Studies have been conducted during many periods over the course of the past several decades, focusing on substantial increases in health care costs in direct correlation to particular medical procedures and fields. Among these procedures and fields are child birth, radiation therapy, coronary bypass surgery, and nuclear medicine and cancer treatments. For example, the innovation of cesarean sections used during problematic child deliveries has increased health care costs. The various medical personnel must all be compensated for their time and labor: the anesthesiologists, the surgeon, the nurses, etc. Also raising health care costs are fetal monitoring and ultrasound techniques. In the case of breast and other cancers, radiation therapy, as well as combination therapies that include chemotherapy has contributed to rising health care costs. One field of medical practice which has become notorious for being costs-increasing is the study and treatment of heart attacks. In the treatment of heart attacks, the prime cost-increasing technologies were the introduction of intra-coronary streptokinase infusion and coronary bypass surgery. A study performed by Glenn P. Mays, Gary Claxton, and Justin White; (2004), using Medicare claims from 1994 to 2001, report a four percent annual increase in the average reimbursement for treating elderly heart attack patients. They attribute the majority of this increase to the diffusion of new technologies for performing invasive revascularization procedures. Over the period of the study, cardiac catheterization rates rose from eleven percent to forty-one percent of heart attack patients. Bypass rates rose from five percent to thirteen percent, and angioplasty rates rose from one percent to twelve percent. The population studied by Glenn P. Mays, Gary Claxton, and Justin White; (2004) was overwhelmingly enrolled in traditional FFS Medicare; therefore, any finding must represent a spillover. Furthermore, they do not address the likelihood of receiving a related service, coronary bypass surgery, so we have an incomplete picture of how practice patterns change over the period of time studied. Different approaches are used to determine the impact of new technologies and innovations on health care costs. One approach, called the affirmative approach, focuses on individual technologies or diseases. This approach suffers from an inability to access the aggregate impact of technology on cost growth. The body of evidence suggests that the impact of technology varies by disease. One study notes that in certain areas, technology clearly lowers costs, particularly when that technology facilitates complete cure or prevention of a disease (Scheid, 2003). One example of this type of innovation is the Salk-Sabin polio vaccine, which is inexpensive to develop and manufacture and almost completely eliminates the high costs of polio treatment. Another approach that is used to examine the effect of technology on health care costs is known as the residual approach. This approach views technological advances as being the sole reason for rising health care costs simply because the innovations are so expensive that there must be a method of which to pay for the invention and further development of the technology. The differences between health care givers and the companies that provide the health care insurance have blurred substantially. A decade ago managed health care organizations was referred to as an alternative delivery systems. However, today in the United States, managed health care organizations are now the leading form of health insurance coverage. Every individuals currently living in the United States of America has a need for affordable and accessible health care coverage. Over the last thirty to forty years, the extent and cost of health care coverage have significantly changed; therefore, altering the method in which health care is managed. The demand for health care has expanded because of changes in the age population, increasing incomes, and improvement in medical technology. Elderly people demand more health care and health care systems must supply the expected quality if health care. The improvement of medical technology has largely increased treatments to enable people to have a good quality of life. The resource factors such as land, labor, income, capital, goods and services cause shifts in the managed care. The increase in the health care price reduces people's income and this means that the health care price is more expensive in comparing to other goods and services. An increase in income leads to an increase in demand and vice versa. However, a decrease in income will reduce the amount of health care treatments. The relationship between price and quality of health care demanded indicates the quantity of health care services that can be obtained at conceivable price. A change in price leads to a movement along the demand curve. For example if the price of eye surgery rose significantly, then people would seek another alternative of treatment. This would lead to a fall in the demand, but when income or prices of health care services change, the demand curve will shift. If the level of cost changes then the supply curve will shift. For example if the doctors or nurses income increases, this process will increase health care cost. Managed care plans substituted the traditional fee for service system. The plans provide a number of economic incentives for health care providers, patients, and payers to cut health care cost. The increased enrollment will reduce the health care expenditures through reduction of price and quantity. Currently, the new plans are popular among public sector of health care programs such as Medicaid and Medicare. Medicaid and Medicare is a joint federal and state-run program that provides health coverage to selected low-income individuals who cannot provide their own health insurance and senior citizens over 65 years of age. Government intervention contributes to an increase of health care cost and creates inefficiencies, while big employers are cutting benefits, demanding higher contributions from their employees and saying there is more of the same to come, smaller and medium-sized employers offering health care plans dropped in 2002. People might demand a better Medicare of Medicaid program, but they will be affected by escalating health care costs. The private insurers will be under even more pressure, as they will have to provide policies tailored to the needs and budgets of their clients. They will increasingly have to keep costs down by using their bargaining power. People in this country demand health care because they want to be healthy. This trend has been fueling managed health care systems for the last forty years. Changes in health care structure are influenced in this country by macroeconomic conditions and the standard of living. Government agencies have a tremendous impact on regulating and controlling of health care spending. Changes in age structure, increasing real incomes, and improvements in medical technology have all fueled this desire for better health care. References Bransford, C.L. (2006). The Exercise of Authority by Social Workers in a Managed Mental Health Care Organization: A Critical Ethnography. Journal of Progressive Human Services, 17 (2), 63-85. Cooper, C. C., & Gottlieb, M. C. (2000) Ethical issues with managed care: Challenges facing counseling psychology. The Counseling Psychologist, 28, 179-236. Glenn P. Mays, Gary Claxton, and Justin White; 2004; Managed Care Rebound?   Recent Changes in Health Plans' Cost Containment Strategies: (Health Affairs, August 11, 2004) Scheid, T.L. (2003). Managed care and the rationalization of mental health services: Journal of Health and Social Behavior, 44 (2), 146-161.   

Chinese fan dance Essay

The art and tradition of the Chinese fan dance have captivated audiences for two thousand years. Just one of many forms of traditional folk dances, fan dances has been preserved to share the stories and beauty of Chinese culture. Chinese Fan Dance the Chinese fan dance is performed in celebration of Chinese culture. It represents beauty, grace and delicacy, according to the Chinese Educational Development Project. It also expresses feelings of joy. The dance is composed of consistently changing rhythms paired with consistency changing body positions. Father fans and silk both are part of the traditional Chinese dance that has its roots in the Han Dynasty, circa 206 BC. History: While archaeologists have found pottery depicting Chinese folk dances dating from about 4000 to 2000 BC, the fan dance is believed to have begun during the Han dynasty. This dates the fan dance to around 200 AD. It was also during the Han dynasty that the first effort was made to collect and preserve the country’s folk dances. Thankfully, this practice became important to following generations and folk dances of old are still shared today. Classifications: Chinese dance was divided into either civilian or military dance and their movements can vary based upon the classification. Civilian fan dances tend to be more flowing and detailed, celebrating grace and beauty. They derived from early dances celebrating the distribution of the food gathered from hunting and fishing; people would dance holding feathered banners. Fans: The fans are used to highlight the graceful movements of the dancers and as extensions of very delicate poses. They can be used as a sort of prop, representing a basket of food, a gift or a found treasure. The fans are made of a variety of materials including feathers, paper or bamboo and they reflect the highest level of craftsmanship and artistry. Different kinds of fans Costumes Colorful costumes are typically used to enhance the beauty of the fan dance performance. Today, dancers may be dressed in traditional Chinese garments or in modern lyrical dresses or dance wear. If the dance is intended to tell a specific story, some dancers may be dressed differently from one another but all dancers in a group typically are costumed in the same garments. The Chinese Fan Dance Costume:

Eat, Drink, and be Merry essays

Eat, Drink, and be Merry essays In a time of no forks, many spices, and wooden plates, the people of the middle ages loved their food. To them food and drink were not only a necessary part of life but also a form of entertainment and a good excuse to get together and socialize. Even though they had knifes and spoons, the forkless civilization tended to use there hands and "fingers a great deal" (Food). They also used wooden plates, or sometimes day old bread as plates when meats were served in order to soak up the blood from the meat. As for preparing the meals, a big rule to medieval cooking was to add so much spice to completely mask the original flavor of the food. Many of the spices that they used are still used today. For instance, ginger, cinnamon, nutmeg, cloves, mace, saffron, and even sugar was a spice and a treat for them. Since social status determind how will the people ate, lords were fed very well. This was true all through out the year, including the winter, when meat was scarce and crops were not growing. Infact, meat was apart of their daily diet "principally beef, followed by pork and mutton, with game and poultry [last]" (Singman) drinking ale and or wine with their meals. They also had dairy and vegetables, but they were not favored. The upper class could afford to preserve meat year round and could buy spice for tasteless food or food that is about to go bad. As for the peasants, or lower class, it was the opposite. Meat was really was pretty expensive and was not rally apart of a peasants diet. Their main food was grain, rye, oats, barley, beans, and peas, since wheat was also relatively expensive. With their meals they usually had ale, or some sort of juice, sometimes fermented. They also a had a soup called "pottage." The villagers ate pottage "nearly every day" (Hinds). The basic ingredients to this "meal-in-a-bowl" (Hinds) is sprouted barley grains, peas, salted pork or bacon, onion, garli ...

Training skill Assignment Example | Topics and Well Written Essays - 250 words

Training skill - Assignment Example On the contrary as much as the leader is perceived as the person who is well informed there is always room to learn (Bowell, Pamela & Brian, 20). The second role of a trainer requires an individual to portray confidence in what is presented to the trainees. The most significant trait is always believing in one self and the individuals in training. It follows through that communication plays a vital role is to ensure there is a clear path followed towards achieving the goals that have been set. Proper instructions lead to proper execution of tasks (Bowell et al, 22). The two roles am prepared to participate in relate to each other in such a way that communication skills is imperative. These roles can apply in a job situation, family and the community in general. Both roles require an individual to possess the ability to give instructions that do not always receive negative critic from those who receive it, by giving them a chance to participate in decision making. Standing firm by the words uttered is imperative to these roles because, they determine whether an individual will have the ability to command a given segment of individuals or not. Furthermore, a situation is controlled by an individual’s ability to master it (Bowell et al,

Underground transportation in NYC in the 20th century Essay

Underground transportation in NYC in the 20th century - Essay Example New York has the second-oldest subway system in the United States (after Boston). It ties together five boroughs in a way that allows the residents of one of the largest metropolitan areas of the world to claim that they live in the same city.The subway is more than just a means of transportation. It has been an object of warring city planners, of graft and corruption, and of scandals which have generated hundreds of pages in the local newspapers. It serves as a part of New Yorkers' daily lives, as a place for some to sleep, and for others to practice their trade as beggars and buskers.This paper is about the subway system in New York during the 20th century. The story begins in 1868. Alfred E. Beach asked the New York State Legislature for permission to build a network of pneumatic tubes under the City of New York in which he could move mail. His real plan was to build a pneumatic subway-moving people the way pneumatic tubes in Paris and London moved paper (Tannenbaum 1995). His pla ns never got past the digging of a test hole-only 14 feet long. He also dug a 312 foot pneumatic tube under Broadway, which showed that an underground system could be completed, but he never continued with the invention.The actual New York Subway system opened first in 1904, four years after the groundbreaking ceremonies. Mayor Robert van Wyck shoveled the first clump of dirt into his top-hat, to take home (NYT 1900). The line was financed by the city, but was originally operated by private companies. The first line, called the "IRT Ninth Avenue Line," continues with that name to this day. The IRT, which stands for "Interborough Rapid Transit," was one of two lines which were privately run, the other being the BRT, or Brooklyn Rapid Transit. IRT was the first of these private operating consortia, but there were several others. The name "IRT" survives to this day, which described the original line for which the concession was granted. Although the names have been changed to letters, numbers and colors, such as the "red number 2," locals still refer to the "IRT," or the "Bayshore Line," which makes it difficult for non-New Yorkers to understand what they are talking about. Although the IRT Ninth Avenue Line was the first "sub"way, 40% of today's subway lines are actually above ground. The oldest part of the subway system is the Lexington Avenue Line, which is part of the BMT Jamaica Line in Brooklyn. This line was opened in 1885. Figure 1: Map of the IRT, Circa 1906 The Subway was not the first public transport in New York by any means. It was preceded by the "elevated lines," which had opened 35 years earlier. Early 20th Century: The Expansion of Urban Transit The 9th-Avenue Line was a tremendous success, and was followed by municipal expansion projects. The City wanted to unite the five boroughs through public transportation. The City fathers looked upon the subway as a way to spread out the population and allow for greater growth (Fischer 1998). There was a debate about whether the city's growth could be better assured by elevated railroad lines rather than the more-expensive underground tracks. As the City was growing at a tremendous rate, and land values were climbing, those arguing for more elevated lines lost the argument (NYCSubway.org 2005