Imposed in ederly driver

Should special conditions be imposed on elderly Victorian There have been four high-profile traffic accidents Involving older drivers In the past few days. As we known, Victorian Is the only Australia state which does not have compulsory testing of driving license held by older motorists. However, it does not mean that mandatory testing should be imposed on elderly driver in Victorian due to mandatory testing does not make the road safer, older drivers are more cautious and elderly driver promotes economics development. Firstly, mandatory testing of older driver does not make the roads safer.Most of the states have the restrictions for elderly drivers except Victorian. For example, According to Australia government, In New South Wales drivers aged 75 and over must pass an annual medical examination or pass a practical driving test every second years. In Queensland, drivers over 75 must only drive with a medical certificate issued by a doctor. However, according to the Victoria, Vic h ad the lowest older driver crash rate per number of license Issued by comparing the crash rates of elder driver across the country which surprised audience about the statistic.The statistic shows audience older driver in Victoria without legal equipment did not increase the crashes rate however it is safer compare to the other states in Australia. Secondly, most of the drivers are more cautious and therefore there are safer than younger driver. Not only Judith Carlton writes that ‘older drivers actually aware of their own limitations'. For example, by choosing easy-to-manage driving environments or by choosing not to drive at night. T also professor Raphael Criticize from Transport and Road Safety unit at nun of news satisfying people just don't have a perception of risk, in terms of driving skills, in terms of crashes. The media affect our decision. The contrast of two opinions is obvious that older driver are more careful than younger drivers. Thirdly, allowing driver to dri ve will promotes economic development. According to Victoria seniors over 70 had 10 percent of Victorian licenses In 2012 and worse still. Australian the proportion of people over the age of 65 will increase from 11. Recent in 2001 to 24,2 percent in 2051 which means there are more elderly driver in the road. If special condition imposed on elderly Victorian motorists. Many elder drivers will be taken licenses away . Then, it is hard for them to go out and spending money on shopping centre coffee shops and so on because these are away from uptown which also prevent economic development. On the other side, society think of older people do not need cars to travel or to work, public transport is available for older driver.Even though Victoria has a extensive and safe public transport system. Older driver can not easily travel for routine travel to shop and for social reasons because number of run relatively little especially on the weekend, It runs every one hour and finishes earlier w hich means It is Last but not least, driving a car is right of older driver. Forbidden to drive due to the age is unfair. Should older drivers stay on the road will be a serious problem due to aging population. The government needs to work out a good way to help them driving safely.

Book Banning Essay

Tony Ballantyne once said, â€Å"The Unprepared will eventually be destroyed; ignorance is no hiding place. † With this he meant that ignoring certain topics in life sets a person up for failure. This is exactly what is happening in public schools by banning books and limiting a child’s variety of reads. Banning books stunts the expansion of the creative and intellectual mind while withholding information on scandalous subjects that are apparent in everyday life. By taking certain books away from students you cap a lid on a child’s perspective of the real world and isolate their minds into what is known as â€Å"safe. †Taking books away from the public eye demolishes the chance for people to think beyond their comfort zones and challenge their minds. Book banning prevents students from extending their minds to foreign concepts and slows the development of their brains by withholding information needed. As Americans we have the right to pick and choose what we do and do not want to read. Books of all subjects deserve the right to be available to all students because every book has a message portray and it’s those messages that further the development of the brain. â€Å"Not every book will be right for every reader, but the freedom to choose for ourselves from a full array of possibilities is a hard-won right that we must not take for granted in this country,† (Platt). Just because a book is put on a shelf does not mean society is forcing you to read it! It’s your freedom of choice to decide what books you want to read, but it isn’t your decision to control what other people read. The choice to read a certain book is all yours and it’s your job to allow other people to choose for themselves. A full selection of books on every topic you can possibly think of is the type of shelf every library should have. One’s mind cannot be challenged by â€Å"playing it safe† with books that take no risk, and you cannot learn from or about topics you have not been exposed to. Book banning tries to hide controversial topics from the adolescent mind but in an attempt to protect the children; we’re simply harming them by limiting their minds. â€Å"It is through fantasy that children achieve catharsis. It is the best means they have for taming Wild Things. † (Bancroft). If we didn’t allow all books to be available for students to choose from than they wouldn’t be able to access the creative sides of their minds. Fantasy created by authors opens doors that unlock a world of creative outlooks in a child, if those books aren’t accessible for students, than art in the future might as well be dead. They say the Earth without Art is â€Å"EH,† if that’s so than libraries that allow book banning are contributing to a future society on earth with a lack of art. Parents banning books are blinding the children of America from issues and risky topics surrounding them in their everyday life. Book banning denies students from engaging in controversial conversation and refuses to open the eyes of the adolescent to the beauties of the natural world around them. â€Å"Books dealing with edgy, dark subject matter such as addiction, abuse, suicide, and teen prostitution can offer young adult readers a broader perspective on the world, but these qualities often make such books and their authors a target for would-be censors† (Manning). Books teach and inform students all over the nation in ways that cannot simply be taught in a classroom. They allow the reader to paint a picture in his/her head and visualize scene by scene. Books questioned for censorship are ones that introduce new concepts for readers which then give them a position on the topic and an opinion of their own. By taking that away from the students, you strip them of their potential of a broader outlook in life. With that also comes the lack of knowledge to understand and accept their peers. Books introduce characters and personalities like ones who surround you daily, but they also provide insight on how to better understand those characters and feel empathy towards them. â€Å"They experience crippling difficulties in school, in social relations and in all matters of self-esteem. They use the language I use in the story and worse because it is all they have to try to match what is inside to the outside world. They need to be recognized, and brought into your fold. Often we adults can’t help them, but you can. I write the stories I write to bring things like this to your attention because I believe if kids who are treated badly are to survive, they will survive through the acceptance of their peers, and that acceptance will come from understanding. † (Cutcher). Parents try to take away books that may contain any ‘inappropriate’ content to shield their child of foreign concepts, but this content labeled as inappropriate is what their children have to face daily. All that book banning is doing is under-educating students about the real world and life as it stands in modern day. In school teachers prepare their students for anything and everything that comes next in their students journey, yet they ban the books that will best prepare them and inform them of the aspects of life never  covered in a Social Studies Textbook. Some may argue that topics in certain books are too corrupting for students to know about, these topics include: graphic language about sex, drinking, and drugs. These very subjects, whether you like it or not, are always going to be a part of life no matter what the situation. Instead of avoiding the topic, parents should inform their children of it so that they are prepared for whatever crosses their path in the future. As care-takers, parents have the duty of setting their child up for success in any way, shape, or form, and by allowing all books to be available to the children of public schools, they’re doing just that. Books shouldn’t be banned from public schools because by limiting the variety of novels on shelves, you limit the horizons of a student’s creative mind. Banning books withholds information on subjects that are thought of as scandalous and controversial and by doing so, under-educates the students who are the future of society.

The Tuwalakuwla Islands Essay Example | Topics and Well Written Essays - 1250 words

The Tuwalakuwla Islands - Essay Example I, Andrew, was a patient with disease different from the rest, called the SOS. It disrupted my physical activities if I over exerted. My mother was a scientist and she was not afraid of experimenting on her only son, ten years of age. I was excited as well. The leader of the crew James was taking rounds to make sure everyone was in their cabin assigned for each family. There were around fifty families on board the shuttle. Everyone seemed scared and tensed because it was something man was experimenting for the very first time. The shuttle doors automatically started to slowly slide shut as each cabin door closed. My mother, Anne has assigned a tutor for me who was a retired scientist with extra sensory perception. He was going to teach me about earth while we were away and read stories from the holy book. We had a super market cabin for shopping and a cafe cabin for leisure. I often heard serious conversation coming from the conference cabin where all the senior staff members were de signing strategies to keep the fifty families in comfort. Doctors were seen examining patients before the take-off. With the final announcement, everybody went to their assigned cabin and we heard a loud roaring sound of the engine before it took off in space. There was complete silence for some time. Then I don’t remember anything after that. We all had probably died. The next thing I remember was being in bed with mom sitting next to me talking to my tutor-cum-god father about my health. I asked mom what time it was and she announced slowly that according to the earth it was twelve in noon but the this time was showing in everybody’s watch for the past twenty years! My heart stopped for a split second and then before I could question this ambiguous fact uttered by mom, the tutor, John, told me that we were all injected a special drug that was designed to wake us when we reached near an island. â€Å"Come I’ll show from the windowpane,† he said and lifte d me from the bed and placed me in the wheel chair. â€Å"But why were we injected that drug? Wouldn’t growing up on the shuttle have been fun?† I began to argue and just when my mother tried to change the topic John said to her, â€Å"I’ll handle from here.† I knew that John and I would be best friends. He told me that the drugged saved a lot of resources that we would have exhausted in twenty years. He slyly added â€Å"Plus, aren’t you glad we all look the same even after so many years? Bet you know how a thirty year old feels like?† He laughed as the expressions on my face changed into that of recently discovering something new! We returned to the cabin where he placed me back in the bed and told me to wait for him. No sooner than he left there was a loud crashing sound heard from the outer walls of the shuttle. I heard everyone screaming and shouting for help. John and Anne returned to the cabin in a state of frenzy. An urgent announcem ent was heard beckoning people to return to their cabins and clear the corridors. The shuttle was shaking very badly. It was like death approaching us in slow motion. I thought this time it would be real. We all will die and the News strip back on earth would run the breaking new â€Å"The experimental shuttle crashed in space, thousands die.† While I cynically thought of our end, we heard another

Strategic plan Research Paper Example | Topics and Well Written Essays - 500 words

Strategic plan - Research Paper Example sed feedback systems structures are oftentimes implemented in engineering processes, one recognizes that they are similarly implemented in terms of organizational processes. It is within this mode of understanding that a feedback system is a necessary strategic advantage for One International Airline. Perhaps the most overarching strategic consideration for One International Airline is the implementation of a feedback control system in terms of customer satisfaction. Within this spectrum of understanding a number of systematic approaches are recommended. As the airline experience is a structured process the organization must develop a survey mechanism that systematically articulates all the elements of the customer experience. This survey can then be implemented as a means of gaining direct insight into organizational strengths and weaknesses. Within the control system structure customers will be contacted through telephone and email communication methods and asked to take a voluntary survey. These surveys can be implemented towards the end of the on-flight experience. Additionally, focus groups can be gathered and these survey mechanisms implemented. The recognition of multiple inputs from survey respondents follows general quantitative statistical understandings that recognize gaining a valid and unbiased sample requires a multidimensional approach. As these responses are then collated the organization will have a strong understanding of organizational strengths and weaknesses that can be recycled into the organization’s control system and specific changes to the customer experience implemented. While the control system is primarily recommended as a strategic input from customer survey mechanisms, it is also recommended that the organization implement this process from inter-organizational elements. As the report has noted that a reduction in operating costs is necessary to remain competitive within the airline industry, this element can function as one of

Theory Analysis of Madeline Leininger's Cultural Care Diversity and Essay

Theory Analysis of Madeline Leininger's Cultural Care Diversity and Universality Theory - Essay Example 62). Simplicity/Parsimony It’s argued that this theoretical perspective is not that of an overarching nursing theory, but instead simply offers theoretical insight into the nature of the cultural aspects of the nurse and client relationship without utilizing a reductionist methodology. In further articulating her theoretical perspective, Leidinger advanced a number of simplified terminologies to better convey the theory of cultural diverse care. Within this mode of understanding some of the primary such definitions include the understanding of care as, â€Å"to assist others with real or anticipated needs in an effort to improve a human condition of concern or to face death† and that of cultural care accommodation as, â€Å"creative nursing actions that help people of a particular culture adapt to or negotiate with oth- ers in the healthcare community in an effort to attain the shared goal of an optimal health outcome for client(s) of a designated culture† (Leidi nger pg. 8). These simplified definitions represent core elements of Leidinger’s theoretical perspective.

Personality type description Essay Example | Topics and Well Written Essays - 500 words

Personality type description - Essay Example make others feel good about themselves, and get disappointed when I feel I am not liked back as much or experience unkindness or indifference from them. My desire to be liked by others is a human need all people share, and does not to mean that my sense of security relies heavily on their approval because I am a very secure person. I believe people are basically good and expect that kindness comes naturally from them too. I am very adaptable and have the ability to adjust to whoever I am with in order to maintain harmony. I know I have a good sense of judging people and can be influential to them, but I do not control them to acquiesce to my way of thinking and relating. This is one thing that my personality does not share with the traditional ESFJ type. Another thing is being organized. ESFJ’s are known to be sticklers for organization and structure. I am not like that. I am a creative, down-to earth spirit who does not want to be stifled by the usual, known and traditional methods as I just want to spread my wings and fly. Being individuals, we have our own personalities which have components we may share with others or not. I believe there is a prevailing need to reach out to others and somehow connect with them in one way or another. In order to do this, we try to adjust some part of our personality to accommodate someone who may be very different from us in order to maintain harmonious interpersonal communication and relationships. For instance, if the personality of A is extroverted and B is introverted, A should be able to use that engaging personality to draw B out of her shell, while keeping it tamer so that B will not be overwhelmed. On the other hand, B will just have to reach out a little more just so she gets to connect with A as a compromise. My husband’s personality type is ENTJ. Unlike me, he is very organized and finds comfort in structure. He can be very focused on some things, like his career that he has the tendency to tune other

Israeli-Palestinian Conflict Essay Example | Topics and Well Written Essays - 250 words

Israeli-Palestinian Conflict - Essay Example The main and the biggest obstacle to conflict resolution is strong religious values and inability of the parties to accept view points and ideas of ach other. Each of the parties tries to prove his position and correctness. "Prejudiced views on both sides, not only by those directly engaged in the conflict, but by their allies as well, further stoke the flames of hatred and violence" (Wahid and A'La 2009). This conflict vivid portrays that ethical and religious factors and principles dominated in the Arab world and prevent its people to establish peace in the region. This conflict can be overcome with the help of the global peace organizations and UNO (United Nations Organizations). In order to make the conflict peaceful, UNO should force leaders of two countries to take part in summit and sign peaceful agreements. The main policies should involve political negotiations and organization of social life on the disputed territory. In spite of territorial claims, the core of the conflict is religious difference between these states and their ethnical envy. The Israelis would have to choose whether to annex the West Bank and Gaza Strip. And if they did so, they would have to decide whether to grant full civil rights to the Palestinians (Israeli-Palestinian Conflict, 2008).

Orthodox Judaism Research Paper Example | Topics and Well Written Essays - 1750 words

Orthodox Judaism - Research Paper Example An article published on patheos.com (2008-2011) established that Orthodox Judaism was originated through innovations in the Jewish practice introduced by the Reform movement in the mid 19th century in Central Europe. According to this said source, religious observances of Orthodox Jews include; daily worship, traditional prayers, the study of the Torah, dietary laws and gender segregation in the synagogue. In addition, the Hebrew language is essential in the Orthodox religious practices and they are very strict when observing the Sabbath. A number of Orthodox sects have risen from Orthodox Judaism over the years. One primary distinction within the Orthodox happens to be social engagement. Particular sects of Orthodox Judaism believe that; as people of God, they should live isolated from Gentiles whilst other sects believe that they can keep the Torah and live in a secular world at the same time. Basic Principles/Tenets of Orthodox Judaism Despite the multitude of Orthodox sects in Ju daism, all Jews share basic beliefs and principles which act as guidelines or rules which influences their actions or thoughts. These principles are grouped together as the Rambam’s â€Å"13 principles of faith†. ...Believe with perfect faith that God is one and there is no unity that is in anyway like his. Believe with perfect faith that God doesn’t have a body-physical concept don’t apply to him. Believe with perfect faith that God is first and last. Believe with perfect faith that it is only right to pray to God and no one else. Believe with perfect faith that the words of the prophets are true. Believe with perfect faith that the prophecy of Moses is absolutely true-he is the chief of all prophets both before and after him. Believe with perfect faith that the entire Torah that we now have is what was given to Moses. Believe with perfect faith that the Torah we now have will not be changed and there’ll never be another one given by God. Believe with perfect faith that God knows all of man’s deeds and thoughts. Believe with perfect faith that God rewards who keeps His commandments and punishes those who transgress Him. Believe with perfect faith in the coming of the Messiah. Believe with perfect faith that God will resurrect the dead†. Beliefs on Life and Death The Jewish laws acknowledge that the human soul exists long before it is born. But ‘life’ begins at the time of birth when the child is more than halfway emerged from the mother’s body. (Tracy R Rich, 1995-2011) Naturally, anything that has a beginning has an end-so when does ‘life’ end according to the Orthodox Judaism religion? Another article published by Tracy R Rich dictated that traditional Jews believe that death is not the end of the human existence.

The Third Sector and Public Policy Essay Example | Topics and Well Written Essays - 1500 words

The Third Sector and Public Policy - Essay Example 375). According to Kendall and Knapp (2000, p. 12), the term the Third Sector can also be defined as the range of institutions that occupy the space between the private sector and the government or State; they are neither private sector nor public sector. The third Sector includes registered charities, trusts, social co-operatives and enterprises, voluntary groups, and the local community among others. Even though the Third Sector organizations exist in varying dimensions and entities, there are three main characteristics that unite the Third Sector (Alcock, 2010, p. 7). The first characteristic is that these organizations are value- driven; that is, certain desires motivate them to achieve social, economic and political goals such as the environment well- being, public welfare improvement, and economic well- being. It is noteworthy that this characteristic rarely seeks to distribute profit but seeks to improve the overall welfare of the society. The second characteristic is that the se organizations usually reinvest any generated surpluses in order to facilitate the pursuit of their goals. That is why they are considered not- for profit organizations. The last main characteristic of these organizations is that they are independent from the government explaining why they are mostly referred as non- governmental organizations (Keane, 2001, p. 18-19). The Third Sector differs from the state and the market in a number of ways. Anheier, et al (2001, p. 24) note, their differences arise fundamentally from how Third Sector organizations are formed, their values, the scope of their activities, source of funding, and their objectives. To begin with, this essay will focus on what distinguishes the Third Sector from the State. The first distinction between the two entities is in regard to their range of provision; the state has a wide range of provisions while the Third Sector organizations have limited range of service provisions. For instance, whereas the state can offe r numerous public services, the Third Sector organizations can offer specific services such as social housing and personal social care. It should also be noted that in some cases, the services offered by the Third Sector organizations are usually outsourced to them by the state. The state seeks to provide more space to the Third Sector so as to increase the Sector’s capacity to provide services that were previously provided by the public sector (Kramer, 2000, p. 20). Towards this end, the Third Sector is seen to have potential in making contribution in the following areas; social and health care services, educational services, children services, and correctional services among others. The second distinguishing factor between the Third Sector and the state is the scale of funding. It is an undisputable fact that the state has far much funding for its services compared to the Third Sector. This can be attributed to the fact that the state collects revenues in form of taxes whic h is usually in large amounts which help it to fund its expenditure in regard to provision of services (Anheier et al, 2001, p. 13). This is totally different from the scale of funding that the Third Sector has; the Sector has small amount of financial resources to provide the required services. This problem is heightened by the fact that the Third Sector is not- for- profit organizations hence limiting their amount of revenues.

Community assessment and analysis part ii Essay Example | Topics and Well Written Essays - 250 words - 1

Community assessment and analysis part ii - Essay Example The drug abuse problem can be addressed through the establishment of rehabilitation and counseling centers where the affected individuals can receive quality care. Nurses in the region can come up with mobile counseling projects which should cater for all people affected, regardless of their ethnicity. To deal with the problem of ineffective protection, there is need to set up programs that will ensure that the people of New Orleans have access to healthy food. Nurses, community workers and the area’s leaders should combine efforts in ensuring that vulnerable groups get nutritional services and that children who need vaccination to boost their immune systems can get it without a problem. Since most of the infrastructure in New Orleans was destroyed following hurricane Katrina, the hospitals are not sufficient for all people living there. It is the responsibility of healthcare providers, including nurses, to avail healthcare services to the people in any way possible. Mobile clinics can be established to ensure that people who cannot access healthcare facilities get the medication they need. Through the mobile health clinic program, more people will be able to have their illnesses treated and it will be possible for them to get back to their lives, thus reducing the cases of anxiety and stress that came after

Legally Blonde Essay Example for Free

Legally Blonde Essay Stereotypes are assumptions made about a group of people based on commonalities shared among that group. These assumptions normally have to do with religion, ethnicity, cultural values, and even outward appearances. One of the common reasons stereotypes exist is that it is easy to identify individuals without interacting with them. A person can identify a face and immediately categorize him or her based on information derived from upbringing, past experiences, and the media. Some labels have the capability of harming individuals who are judged based on appearances or nationality. These stereotypes can lead to the mistreatment and prejudices against a particular group of people. For example, after the terrorist attacks of 9/11, a religious group called the Sihks have been attacked on numerous occasions because they were mislabeled as terrorists (NPR). Stereotyping can start at a young age when children are taught to make assumptions. For example, a mother will caution her child not to talk to any strangers. This can lay a foundation for future stereotypes. The child may grow up to be a person who stereotypes and who is prejudice. The child may not know that the assumptions being made rarely apply to each member of a group. Even though there are examples of dumb blondes, many intelligent blondes do exist. Diane Sawyer is a prominent figure in the world of news. In 1984, she broke new ground as the first woman to work as a correspondent on the award-winning news magazine 60 Minutes (Bio. True Story). She also has blonde hair. This proves that stereotypes do not apply to everyone of a certain group. Some common examples of stereotypes are people who wear glasses are nerds or all Asians are very intelligent. One of the most commonly known stereotype is the dumb blonde persona. It has been presented in film, music and even in literature. Not only is the blonde stereotype being represented in the media, but also in marketing. There is a shampoo made by Bed Head called Dumb Blonde. The blonde’s label states that the lack of intelligence is based on hair color. This leads the blonde to be depicted to rely on looks rather than intelligence to be successful in life. Many jokes are made based on the stereotype as well. An example is â€Å"What do you call a fly buzzing inside a blondes head? A Space Invader. † (Cracked. com). In the sitcom Three’s Company, a blonde character named Chrissy is ditzy and gets a lot of attention from many groups of men. She is easy to confuse and is quick to fall for men. The media takes the blonde label and dramatizes it with the persona of Chrissy. One of the most famous blondes that seems to fit the stereotype is Paris Hilton. She has been quoted as saying many outrageous statements such as, â€Å"I don’t really think, I just walk. † (Brainy Quote). She is successful at exploiting the dumb blonde persona. Another statement said by Hilton is, â€Å"I get half a million just to show up at parties. My life is, like, really, really fun. † (Brainy Quote). Hilton uses her dumb blonde character in order to get farther in life. With an in depth look into Paris Hilton it may be found that she possesses more intelligence than what she portrays. It is known that she is an American heiress, socialite, television personality, fashion designer, model, actress, producer, author, and singer. Paris Hilton is a good example of the dumb blonde. She gives people the idea that all blondes are like her, when in reality, they are not. From the sitcom Three’s Company in 1977, to the rich and famous Hollywood star Paris Hilton, the dumb blonde can be found almost anywhere. However, the media is taking small steps to counter represent the blonde. In the 2001 movie Legally Blonde, the main character Elle Woods evolves from the stereotypical blonde to a Harvard Law graduate. In the beginning, she was the president of her sorority, had a pet Chihuahua and majored in fashion merchandising. She states, Two weeks ago I saw Cameron Diaz at Fred Segal, and I talked her out of buying this truly heinous angora sweater. Whoever said orange was the new pink was seriously disturbed! (Legally Blonde). She then applied to Harvard Law School with an application video that showed her in a bikini with her and her friends. Surprisingly, she was immediately accepted and later graduated with high honors. In Legally Blonde, Elle displays her intelligence by solving a murder in an unconventional way. This movie does show the classic stereotypes of blondes in the beginning but then turns it around to make the blonde an intelligent honors student who goes on to be a successful attorney. Stereotypes can be stopped by preventing assumptions or getting to know someone instead of pre-judging them. It should be understood that stereotypes rarely apply to everyone of that group. The media can reduce stereotypes by ignoring them instead of marketing them. By making characters who portray their stereotype, audiences come to believe that the label applies to everyone in a particular group. If the stereotype is not represented at all, it can help the general public forget that stereotypes ever existed. Everyone has the capability of putting stereotypes to rest, it is just a matter of having an open mind. An example can be set to others and soon stereotypes will come to an end. Works Cited â€Å"Diane Sawyer. † Bio. True Story. Web. 3 August 2013. Inskeep, Steve. â€Å"Sikhs Face More Attacks Since Sept. 11 Tragedies. † NPR. Web. 3 August 2013 Legally Blonde. Dir. Robert Luketic. 2001. Film. Paris Hilton Quotes. Brainy Quote. Web. 4 August 2013.

Greed-and fear A special report on the future of finance Essay Example for Free

Greed-and fear A special report on the future of finance Essay The report discusses the many flaws in organized financial markets but concludes that these markets should continue to operate on principles of initiative or creativity and with a reasonable amount of government regulation. While greed may be part of the cause of financial market instability, naivety and delusion contributed as well. Innovation in computer technology coupled with the work of Black and Scholes in options pricing gave rise to the modern derivatives markets. (Greed-and fear A special report on the future of finance) Natural selection happens in financial markets where companies are constantly changing to the latest product, i. e. retail banks began to focus on investment banking, and investment banks moved into the arena of hedge funds. The report calls into question the new form of financial market regulation. A major area of focus of the report is what factors lead to the boom and bust market cycles that lead to financial instability. The report describes three concepts, globalization, liberalization, and technological innovation as triggers of market booms, busts, and financial instability. (Greed-and fear A special report on the future of finance) This paper responds to each of these ideas as set forth in the report. Globalization According to the report globalization embraced by emerging markets along with low inflation in developed markets made credit grow more quickly and easily. (Greed-and fear A special report on the future of finance) However, as the markets are today, developed countries such as the U. S. and the U. K. are in near to full blown inflationary economies. Most global markets are exposed to the U. S. subprime crisis. (Caruana) However, many emerging markets can limit their exposure to the crisis by managing their levels of greed and fear. Greed is limited when these emerging markets do not invest in the derivative securities created by the subprime markets. Fear is managed when countries utilize resources such as the International Monetary Fund, the IMF, for lending facilities that will serve to shore up a country’s credit needs and support the county’s banking and financial institutions’ lending and business investment activities. Liberalization Liberalization in terms of relaxing or reducing banking and financial industry regulations in countries such as Japan and the U. S. has led to property value booms and bubbles which are followed by a bust cycle and finally financial instability. (Greed-and fear A special report on the future of finance) It can be argued that greed, particularly in the U. S. , led to a relaxation of banking and financial industry regulation in order to facilitate greater innovation, liquidity, and credit availability in the financial markets. Hedge funds are thought to provide great efficiency, liquidity, and returns in U. S. capital markets. Industry regulation, therefore, should have served to facilitate innovation in the hedge fund industry while protecting it from a financial crisis. (Bartiromo) This, however, was not the case. Widespread fears, both speculative and proven, about decline in assets values caused the federal government to step in with a new level of financial liberalization through bank ownership. Previously regulation was intended to provide a legal framework in which the financial markets could operate. The current level of fear has changed the goal of regulation and extended the methods of regulatory activity to include providing financing and operational assistance or mandate to the financial markets. Innovation New technology industries are thought to create the need for specialized types of financing. (Greed-and fear A special report on the future of finance) This concept may work in a normally functioning economy. However, one can look at the alternative energy market to see that this concept is not working in the current economy. Industries like energy technology are capital intensive. Newer, more capital intensive industries generally depend on financing from private equities and hedge funds. (Alt-Energy Firms Sink With Prices, Credit; New fuels) Prior to 2008 fear caused the hedge funds and private equities to invest less in capital intensive industries. More recently as many hedge funds disappeared due to insolvency, this designer type of financing is no longer available to new technology industries. The only existing sources of financing available to energy technology, particularly in the U. S. , is government investment or financing from financial institutions in which the U. S. government has a financing or operational interest. Conclusion the results of Greed and Fear Greed and fear has led to current regulatory practices in which many governments are now owners of many financial institutions as opposed to simple regulatory agencies. The new trend in globalization will be that central banks in both developing and emerging market countries will manage their countries financial markets and systems in a way that will limit exposure to booms and busts in international markets. Once more governments develop controlling interests in banking and other financial institutions the original liberalization referred to in the report should return and these institutions will be able to re-create innovative financing. Governments will regulate these institutions on two fronts – as shareholders and as policymakers. As owners of banks and financial institutions, governments will also become investors in new technologies such as the clean energy industry. Where hedge funds and private equity firms no longer exist at previous levels, new technology firms will look to government equity as a viable alternative form of financing. Works Cited Alt-Energy Firms Sink With Prices, Credit; New fuels, technology less competitive now, financing more scarce. (FRONT PAGE NEWS). Investors Business Daily (Dec 2, 2008): A01. General OneFile. Gale. 19 Apr. 2009. Caruana, Jaime. Viewpoint: A Significant Test Of Emerging Markets Taking A Global Perspective Is Vital To Learn Lessons From Financial Market Turbulence And find The Right Approach To Move Forward In The Future, Says Jaime Caruana. (Viewpoint essay). The Banker (Nov 1, 2007): NA. General OneFile. Gale. 19 Apr. 2009. Greed-and fear A special report on the future of finance. The Economist 24 January 2009: 1-15. Bartiromo, Maria. â€Å"Straight Talk from the Fed; New York Federal Reserve President Tim Geithner on housing prices, regulation, and the post-Greenspan era. Business Week Online (May 4, 2006): NA. General OneFile. Gale. 19 Apr. 2009.

Acquisition of Natwest by Royal Bank of Scotland (RBS)

Acquisition of Natwest by Royal Bank of Scotland (RBS) Corporate strategy developers have in the past and today seen Mergers and Acquisitions as an effective tool to foster future growth and create sustainable value. As a norm, companies now aggressively seek and buy compatible businesses to gain from synergetic benefits and strengthen their core business operations, whether that is the Industry of Banking, Pharmaceutical, Information Technology, Construction or Retailing etc. Expenditure on acquisitions in the UK by foreign companies increased from  £9.2 billion in quarter four 2007 to  £19.9 billion in quarter one 2008. Expenditure on acquisitions abroad by UK companies decreased from  £25.8 billion in quarter four 2007 to  £15.5 billion in quarter one 2008. Expenditure on acquisitions in the UK by UK companies increased from  £3.2 billion in quarter four 2007 to  £3.6 billion in quarter one 2008. The number of transactions reported for acquisitions in the UK by UK companies at quarter one 2008 is the lowest reported since quarter one 2003?. Source: (http://www.statistics.gov.uk/pdfdir/ma0608.pdf- on 06-06-2008). In March 2000, Royal Bank of Scotland (RBS) acquired NatWest Bank, a bank three times its size. Shareholders were told that the merger would realise  £1.1 billion in cost savings and income gains. The acquisition of NatWest by the Royal Bank of Scotland has created a larger group which combines scale and financial strength with an innovation and growth culture, and gives us strategic options to create additional value for shareholders?. Source:(http://www.rbs.com/media03.asp?id=MEDIA_CENTRE/PRESS_RELEASES/2001/MARCH/RESULTS2000- on 02-06-2008). The perceived motivation drives for this merger and acquisition activity are generally considered to be the acquiring banks desire to increase its return by expanding geographically. This perception is similar to Stewarts premises of merger motivation. According to the Stewart; the actual motivating forces behind merger should be ones that will: Increase financial performance (net operating profits). Financial benefits through borrowing against the Sellers unused debt capacity or against an increase in the consolidated debt capacity (lending capacity for banks). Tax benefits derived from expensing the stepped-up basis of assets acquired or from the use of otherwise forfeited tax deductions or credits?. (Stewart, 1991, p 375). 2. BRIEF REVIEW OF LITERATURE This chapter aims to discuss various literatures on mergers and acquisitions in order to provide a background for subsequent analysis. The literature identifies several economic and financial theories that justify Merger and Acquisition activity. In this review, we provide an overview of the literature that we use to guide our empirical work. 2.1 DEFINITIONS The interdisciplinary nature of the MA discourse is reflected in the versatile definitions provided in the literature. Some definitions emphasize the organizational context of MA: The term ËÅ"merger has two meanings in the context of combining organizations. Merger can refer to any form of combination of organizations, initiated by different kind of contracts. The more specific meaning that separates merger from acquisition is that merger is a combination of organizations which are similar in size and which create an organization where neither party can be seen as acquirer?. (Vaara, 2000, p 82). The word merger refers to negotiations between friendly parties who arrive at a mutually agreeable decision to combine their companies. In general, mergers reflect various forms of combining companies through some mutuality in negotiations?. (Fred and Weaver, 2001, p 6). The word merger is used to mean the combining of two business entities under the common ownership?. (Arnold, 2005, p 1041). In Acquisitions a company buying shares in another company to achieve a managerial influence. An acquisition may be of a minority or of a majority of the shares in the acquired company. An acquisition is recorded on the date of the economic decision (formally agreed) even if the legal issues have not been fully finalised. If subsequent disputes, legal issues or a lack of supervisory approval were to interfere with a completion of the acquisition, it is held not to have been recorded?. (Eurpean Central Bank, 2000, p 4). 2.2 TYPES OF MERGERS ACQUISITION From the point of view of an economist, there are four main groups of Merger and Acquisition. Horizontal ­: In this one firm combines with another in the same line of business. In simple words, a horizontal merger occurs when two competitors combine?. (Gaughan, 2007, p 13). Horizontal merger reduces the number of the competitors in the market. Vertical: A vertical merger is the combination of successive activities in a vertical chain under common coordination and control of a single firm?. (Sudarsanam, 2003, p 140). In simple words, it is a merger between a supplier and the distributor company of the supplies. This is a cost saving merger as well. For example HSBC purchased JP Morgans dollar clearing business in 1996. Congeneric: This involves related enterprises but not producers of the same product (as in horizontal merger) or firms in producer supplier relationship (as in vertical merger). An example is when Lloyds Bank acquired Cheltenham and Gloucester in 1995 mostly to acquire its mortgage business, which is related to but different from retail banking?. Source: (http://www.lloydstsb.com/about_ltsb/lloyds_bank.asp â€Å" 04-05-2008) Conglomerate: A conglomerate merger is the combining of two firms which operate in unrelated business areas. Some conglomerate mergers are motivated by risk reductions through diversification; some by the opportunity for cost reduction and improved efficiency, others have more complex driving motivations?. (Arnold, 2002, p 870). For example in 1996, Royal Bank of Scotland was expected to take control of Charles Church. 2.3 LITERATURE REVIEW- THEORIES OF MA There are might a number of motives that might play a role in merger activity, like efficiency, growth , synergy, financial and tax benefits, shareholders exploration, but two of the most often cited motives for mergers and acquisitions are faster growth and synergy. All these strategic motives shall be discussed in this part of the proposal for the better understanding of merger and acquisition. 2.3.1 Efficiency Theory The efficiency theory says that mergers occur because they improve the combined firms, operations, for example, by letting superior managers assume control, by exploiting cost reducing synergies? or complementarities in the partners operations, or by taking fuller advantage of scale of economies and risk spreading opportunities, among other things in securing capital?. (Ravenscraft and Scherer, 1987, p 211). In simple words, efficiency is an improvement in the utilization of existing assets that enables the combined firm to achieve lower costs in producing a given quantity and quality of goods and services. 2.3.2 Managerial Motives or Managerial Perspectives Takeovers can also arise because of the agency problem that exists between shareholders and managers, whereby managers are more concerned with satisfying their own objectives than with increasing the wealth of shareholders. The motive behind some acquisitions may be to increase managers pay and power. Managers may also believe that the larger their organization, the less likely it is to be taken over by another company and hence the more secure their jobs will become. Take overs made on the grounds have no shareholder wealth justification since managers are likely to increase their own wealth at the expense of the shareholders?. (Watson and Head, 2006, p 317). 2.3.3 Shareholders Expropriation The important motive behind the consolidation has been maximization of shareholders wealth. In the neo-classical prospective, this mean that the incremented cash flows from the decisions, where discounted at the appropriate discount rate should yield positive or zero net present value. Under uncertainty, the discount rate is the risk-adjusted rate with a market determined risk premium for risk. Draper and Paudyal (1999) found that shareholders in the target businesses benefits substantially from takeover activity, particularly where they are given the option to receive either cash or shares in the bidder as the consolidation. It seems that the bidders shareholders do not suffer from merger. They also found that the benefits to target shareholders have declined in the recent past. Bruner (2004) argued that the approach taken by many of the studies based on US takeovers were flawed in that the research results were unduly influenced by a relatively small number of failures that involve d particularly large businesses. He claimed that all takeovers benefit target shareholders and the overwhelming majority benefit bidder shareholders as well.? (McLaney, 2005, p 395). Shleifer and Summers suggest a number of other motives for mergers and acquisitions in which shareholders may gain at the expense of other stakeholders. For example, some target firms may seek acquirers to escape financial problems or to break unfavourable labour contracts. Other firms may seek leveraged purchases of their targets to increase the surviving firms risk- return profile at the expense of existing debt holders?. (Shlfeifer and Summer, 1988, p 33). 2.3.4 Financial and Tax Benefits Whether tax motives are an important determinant of MAs. Certain studies have concluded that acquisition may be an effective means to secure tax benefits. Gilson, Scholes and Wolfson have set forth the theoretical framework demonstrating the relationship between such gains and MAs. They assert that for a certain small fraction of merger, tax motives could have played a significant role. Moreover, whether the transaction can be structured as a tax-free exchange may be a prime determining factor in whether to go forward with a deal. Sellers sometimes require tax free status as a prerequisite of approving a deal. In the U.K the rules are more strict for taxes; the losses incurred by the acquired firm before it becomes part of the group cannot be offset against the profit of another member of the group. The losses can only be set against the future profits of the acquired company. Also that company has to continue operating in the same line of business?. (Arnold 2005, p 1052). 2.3.5 Growth / Market Power Theory One of the most fundamental motives for MAs is growth. Companies seeking to expand are faced with a choice between internal or organic growth and growth through MAs. Internal growth may be a slow and uncertain process. Growth through MAs may be a much more rapid process. If a company seeks to expand within its own industry, they may conclude that internal growth is not an acceptable alternative, for example, if a company has a window of opportunity that will remain open for only a limited period of time, slow internal growth may not suffice. As the company grows slowly through internal expansion, competitors may respond quickly and take market share. The only solution may be to acquire another company that has a resource, such as established offices, and facilities, management and other resources, in place?. (Gaughan, 2007, p 117). Some mergers may result in market power which redounds to the benefits of the merging firms. George Stigler argued that such an effect might have been a primary motivation for many of the mergers and acquisitions during the last quarter of the 19th century and first half of the 20th century. He called the 1887-1904 merger wave merger for monopoly? and the 1916- 1926 wave merger for oligopoly?. (Stigler, 1968, p 23). 2.3.6 Synergy Theory This refers to the fact that the combined company can often reduce duplicate departments or operation, lowering the costs of the company relation to the same revenue stream, thus increasing profit. The two main types of synergy are operating synergy and financial synergy. Operating synergy comes in two forms: revenue enhancement and cost reduction. These revenues enhancements and efficiency gains or operating economies may be derived in horizontal or vertical mergers. Financial synergy refers to the possibility that the cost of capital may be lowered by combining one or more companies?. (Gaughan, 2007, p 124). Financial synergies result in lower cost of capital by lowering the systematic risk of a companys investment portfolio through an investment in an unrelated business?. (Trautwein, 1990, p 283). Below the list of reasons has been provided that are initiating consolidation in the form of merger and acquisitions in the U.K banking industry. Competition from building societies. New entrants into saving markets. New technology and the internet. Competition from the overseas banks. Government Policies. Economies of scale scope. Managing branch networks. 2.4 MERGER AND ACQUISITIONS: BENEFITS AND DRAWBACKS Lumby and Jones identified four key benefits and five draw backs of mergers and acquisitions as follows: 2.4.1 BENEFITS 2.4.1.1 Speed: An acquisition allows the companys newly formed strategy to be implemented rapidly. Through organic growth it will take the company much longer to reach the same level of business activity. 2.4.1.2 Critical mass: The Company is able to immediately achieve the critical mass of assets and activity levels that might be needed to obtain the operating economies of scale that exist in the chosen business area. At the early stages of organic growth into a new business area, the operating economies enjoyed by large competitors will not be achievable; so putting the developed business activity at a significant competitive cost disadvantage, from which further progress may not be possible. 2.4.1.3 Own-paper financing: An acquisition can be made without impacting on the companys cash resources or on its liquidity, by financing it with an issue of new equity called the companys ËÅ"own-paper. In contrast, organic growth will require the expenditure of the companys cash and credit resources. 2.4.1.4 Intellectual assets: In addition to the tangible assets of the acquired company, an acquisition will also bring with it intellectual assets such as the ËÅ"know-how, and business contacts of the management team, the skills of the workforce and its trading reputation. With organic growth, these may have to be developed ËÅ"in-house over time. In spite of the identified benefits, mergers and acquisitions have the following significant drawbacks as stated by Lumby and Jones: 2.4.2 DRAWBACKS 2.4.2.1 Risk: Mergers and acquisitions have a significant risk of high-cost failure attached. This is because an acquisition represents a single, very large investment, which if it turns out to be a mistake, then the business will have lost a substantial amount of its value. 2.4.2.2 Acquisition premium: Most acquisitions require the payment of an acquisition premium in order to persuade shareholders of the target company to sell their shares. This means that the acquiring company will be paying more than the economic worth of the company. 2.4.2.3 Steep learning curve: The acquiring company will have to rapidly learn how to manage an unfamiliar business and they may not necessarily be successful in doing so. In contrast, the slower pace of organic growth allows the management far more time in which to learn the range of new skills required to successfully manage the new business area. 2.4.2.4 Post-acquisition problems: Acquisitions could lead to a clash of management cultures between those of the acquired company and the acquiring company. This will often lead to key members of the acquired company leaving post-acquisition, resulting in the loss of vital intellectual capital. This may not be the case with organic growth. 2.4.2.5 Coinsurance effect: In an acquisition where either the predator company or/and the target company has debt financing, then there is the risk of a post-acquisition wealth transfer from the shareholders to the debt holders. (Lumby, 2003). 3. AIMS AND OBJECTIVES This Proposal has been built upon the analysis of the mergers and acquisition of banks in the U.K, like the acquisition (takeover of NatWest by Royal Bank of Scotland) in 2000. In this research my effort is to attempt and cover all important issues related to Mergers and Acquisition, like what causes, and initiates a merger or an acquisition, the benefits accrue to the company, its employees and customers etc, and native aspects of MA. This research investigates into the roots and causes of ever increasing consolidation activity and tries to critically evaluate merger and acquisition. Another aim of the proposal is to study the expectations of the stakeholders of the banks in the U.K, and the effect a merger or an acquisition has on them. Three stakeholders, namely, shareholders, employees and customers shall be studied in detail with the help of the case study. As according to the Schweigher: MAs basically aim at enhancing the shareholders value or wealth, the results of several empirical studies reveal that on an average, MAs consistently benefit the target company shareholders but not the acquirer company shareholders. A majority of corporate mergers fail. Failure occurs on average, in every sense, acquiring firm stock prices likely to decrease when mergers are announced; many acquired companies sold off; and profitability of the acquired company is lower after the merger relative to comparable non-merged firms. Consulting firms have also estimated that from one half to two-thirds of MAs do not come up to the expectations of those transacting them, and many resulted in divestitures. (Schweiger, 2003, p 71). The conclusion from this case study support my hypothesis that, whether stakeholders benefit from the merger and acquisition, because on the one hand, sometimes the merger and acquisition is beneficial for shareholders of the merging /or acquiring bank. On the other hand, employees are left worse-off following job cuts and redundancies. 4. STATEMENT OF DESIGN AND METHODOLOGY In order for the aims and objectives of the research to be fulfilled, it is essential to expand an understanding of the reason for growing tendency amongst banks in United Kingdom to pool together and the advantages of this pooling. The design of this project shall follow the deductive approach, like questionnaire, and the inductive research or the internal research will focus on interviews with the Managers and staff and customers of Royal Bank of Scotland and NatWest. In this regards, it is not an easy task to get an interview from the managers or the members of staff, but I shall try my best to do so. The external research will be carried out through the readings of books, journal and published data. Another difficult thing was access to annual reports, but I have already got the annual reports of both banks. The theory, annual reports and different analysists reports on the concepts of mergers and acquisitions shall be critically reviewed and thereafter compared and contrasted wi th facts gathered from the case study to confirm or disprove existing knowledge. Finally, both qualitative and quantitative data shall be analysed to make desired recommendations and conclusion. (UWIC Guidelines, Red Book is read carefully). 5. SOURCES AND ACQUISITION OF DATA Research can be done through books, as everyone knows, as only some knows; it can be done by letters. It can also be performed through Conversation?. (Watson, 1999, p 52). Sources of data adopted for this project include both secondary and primary data. A secondary data source enables a better understanding and explanation of the research problem. The literature review is a type of the secondary data, it involves the review of earlier studies on and around the research topic. Other secondary data includes the books on Finance, Mergers and Acquisitions, Strategy, journals, annual reports, analysists reports and different online resources like web pages of Royal Bank of Scotland and NatWest bank, should be used. In addition to the secondary data stated above, primary data sources shall equally be utilised to gather data directly from the key players in the merger and acquisition process. This shall include the use of questionnaires and personal interviews with managers and members of staff of RBS and NatWest. The interviews must be focused on the research area and not delve into alternative areas. (UWIC Guidelines, Red Book is been studied thoroughly). METHOD OF DATA ANALYSIS Data analysis is the most difficult part of the project. Data analysis is the process of applying statistical, systematic and logical techniques, comparing the data and managing it. During the project both the qualitative and quantitative data will require analysis. In order to determine how well a company has performed in delivering stakeholders value, we need to make a comparison with its past performance. The first annual figures for The Royal Bank of Scotland Group following the acquisition of NatWest show the enlarged Group made a profit before tax, goodwill amortisation and integration costs of  £4,401 million on a pro forma basis for the year to 31 December 2000, an increase of 31 per cent. The period analysed would be broken into following categories. 1999 The Pre-acquisition period. 2000 The Announcement and bidding period. 2001 The Post acquisition period. The analysis shall cover some expense ratios, profitability ratios and balance sheet ratios. The expense and profitability ratios shall be used to analyse efficiency and profitability during the pre- and post-acquisition periods, while the balance sheet ratio shall be used to analyse changes that may have occurred that might have affected efficiency or profitability. REFERENCES Books: Arnold, G, 2005, Corporate Financial Management?, 3rd edition, England, Prentice Hall, p 1041 1052. Arnold, G, 2002, Corporate Financial Management?, 2nd edition, Great Britain, PrinticeHall, p 870. Fred W. J and Weaver S. C, 2001, Merger and Acquisition?, 1st edition, Los Angeles, McGraw-Hill Professional, p 6. Gaughan P. A, 2007, Merger, Acquisition, and Corporate Restructurings?, 4th edition, New Jersey, John Wiley Sons, Inc, p 13, 117 124. Gilson R, Scholes M. S and Wolfson M. A, 1988, Taxation and Dynamics of Corporate Control?, 1st edition, New York, Oxford uni press, p 273. McLaney, E, 2005, Business Finance, Theory and Practice?, 7th edition, U.K, Pearson Education, P 395. Ravenscraft D. J and Schere F. M, 1987, Mergers, Sell-offs, Economic Efficiency?, Washington D.C, Brookings Institution Press, p 211. Red Book, UWIC Guideline. Stewart, G.B, 1991, The Quest for Value, A guide for senior Manager?, New York, Harper Business, p 375-382. Sudarsanam, S, 2003, Creating Values from Mergers and Acquisitions-The Challenges?, England, Pearson Education Limited, p 140. Watson, G, 1999, Writing A Thesis?, 1st edition, New York, Pearson Education Ltd , P 52 Watson, D and Head, A, 2006, Corporate Finance, Principles and practice?, 4th edition, U.K, PrinticeHall, p 317. Journals: Stigler G, (1968) Monopoly and Oligopoly by Merger?, American economic Review (1968) by the organisation of industry, Vol 40, No 2, May, p 23-34. Trautwein F, (1990), Merger Motives and Merger Prescriptions?, Strategic Management Journal (1986-1998), Vol 11, No 4, May/June, p 283, by John Wiley sons. Shleifer. A and Summer, L. H (1988), Breach of Trust in Hostile Takeovers; from Corporate Take over: Causes and Consequences, P 33-67, The University of Chicago Press. Vaara, E, (2000), Constructions of Cultural differences in post-merger change process: a sense making perspective on Finnish-Swedish cases?. [emailprotected]@gement Vol 3, no3: p 82. Schweiger, D.M, (2003), MA Integration: A Framework for Executives and Managers,? Book Summary by Niranjan Swain, in The ICFAI Journal of Applied Finance, Vol 9, No 2, p 71-79. Articles (Electronic): European Central Bank, (2000), Mergers and acquisitions involving the EU banking industry?, Available from, (www.ecb.eu/pub/pdf/other/eubkmergersen.pdf -accessed on 12-05-2008. Powell, C, (2008), Mergers and acquisitions involving UK companies?, First Release, P 1, Available from (http://www.statistics.gov.uk/pdfdir/ma0608.pdf, accessed on 06-06-2008). Websites: http://www.rbs.com/media03.asp?id=MEDIA_CENTRE/PRESS_RELEASES/2001/MARCH/RESULTS2000- accessed on 02-06-2008 http://www.lloydstsb.com/about_ltsb/lloyds_bank.asp- accessed on 04-05-2008.

The Underground Railroad :: essays research papers

The Underground Railroad One of the most shameful periods in history was the institution of slavery in the nineteenth century 2. Slavery was a divided issue in the 1800’s. Most slaves brought to America were known as low class people who could bring no good, but history fails to state that many of the slaves who came were people of many trades, ambitions, as well as determinations. The Underground Railroad had its earliest beginnings with runaway slaves fleeing from the Southern United States into Canada. By confronting human bondage without direct demands or violence, the Underground Railroad played a definite role in the destruction of slavery. The Underground Railroad was a term used to describe a network of people who helped escaped slaves on their way to freedom. Supposedly, the term Underground Railroad originated when an enslaved runaway, Tice Davids, fled from Kentucky and may have taken refuge with John Rankin, a White abolitionist, in Ripley, Ohio. Determined to retrieve his property, the owner chased Davids to the Ohio River, but Davids suddenly disappeared without a trace, leaving his owner confused and wondering if the slave had "gone off on some underground road." The Railroad was begun as a result of the Fugitive Slave Act of 1850 2. The Fugitive Slave Act demanded that if an escaped slave was sighted, he or she must be turned in and sent back to the rightful owner 2. The Nation grew divided on the slavery question. The Fugitive Slave Law called for the return of bonded and indentured runaways, as well as freed African Americans. This threatened the protection of the freed slaves. Many North American indentured slaves were freed after they had served their time after five to seven years 6. Most runaways were males, however women and children did escape. Their numbers were smaller because they were more likely to be captured. Yet, The Underground Railroad became the most dramatic protest action against slavery in United States history 2. The Railroad helped escaped slaves make their way from the Southern states through the northern states, into freedom. The Underground Railroad was operating in America, yet it was not a railroad and was not underground. This â€Å"railroad† was for blacks escaping from slavery in the South. They were escaping to the free North, and to Canada where there was no slavery at all. The Underground Railroad lacked in formal organization, relying on individuals or various groups. The Underground Railroad :: essays research papers The Underground Railroad One of the most shameful periods in history was the institution of slavery in the nineteenth century 2. Slavery was a divided issue in the 1800’s. Most slaves brought to America were known as low class people who could bring no good, but history fails to state that many of the slaves who came were people of many trades, ambitions, as well as determinations. The Underground Railroad had its earliest beginnings with runaway slaves fleeing from the Southern United States into Canada. By confronting human bondage without direct demands or violence, the Underground Railroad played a definite role in the destruction of slavery. The Underground Railroad was a term used to describe a network of people who helped escaped slaves on their way to freedom. Supposedly, the term Underground Railroad originated when an enslaved runaway, Tice Davids, fled from Kentucky and may have taken refuge with John Rankin, a White abolitionist, in Ripley, Ohio. Determined to retrieve his property, the owner chased Davids to the Ohio River, but Davids suddenly disappeared without a trace, leaving his owner confused and wondering if the slave had "gone off on some underground road." The Railroad was begun as a result of the Fugitive Slave Act of 1850 2. The Fugitive Slave Act demanded that if an escaped slave was sighted, he or she must be turned in and sent back to the rightful owner 2. The Nation grew divided on the slavery question. The Fugitive Slave Law called for the return of bonded and indentured runaways, as well as freed African Americans. This threatened the protection of the freed slaves. Many North American indentured slaves were freed after they had served their time after five to seven years 6. Most runaways were males, however women and children did escape. Their numbers were smaller because they were more likely to be captured. Yet, The Underground Railroad became the most dramatic protest action against slavery in United States history 2. The Railroad helped escaped slaves make their way from the Southern states through the northern states, into freedom. The Underground Railroad was operating in America, yet it was not a railroad and was not underground. This â€Å"railroad† was for blacks escaping from slavery in the South. They were escaping to the free North, and to Canada where there was no slavery at all. The Underground Railroad lacked in formal organization, relying on individuals or various groups.

How the Lack of Education During the Great Depression Affected Southern Society :: essays research papers fc

During the Great Depression receiving an education was becoming more and more difficult for southerners. From not being able to afford the required supplies needed, to not being able to pay the tutions, many people found it nearly impossible to attend school. The novel, To Kill A Mockingbird written by Harper Lee shows how the lack of education in society during the Great Depression affected Southerners lives, not allowing them to change their futures for the better.   Ã‚  Ã‚  Ã‚  Ã‚  The public school system changed drastically during the Great Depression. Society started to notice the changes during the years of 1930 and 1931, when conditions were at their worst. Many students did not have the right clothing, supplies, and textbooks because parents could not afford the costs. The price of school supplies ran from $1.00 for a pen to $3.85 for a pair of shoes (Editors of Time-Life 29). In To Kill A Mockingbird, Scout’s teacher, Miss Caroline, asked one of her students where his lunch was. He then explained that he did not have a lunch because his parents could not afford it. â€Å"He didn’t forget his lunch, he didn’t have any. He had none today nor would he have any tomorrow or the next day. He had probably never seen three quarters together at the same time in his life† (Lee 20).   Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  In addition, student’s schoolwork and progress began to decline due to undernourishment. Many children were not able to stay in school because there was not enough money to keep the schools open. A third of a million children were out of school during the Great Depression (Farrell 14). Also, children of poor families dropped out of school because they felt obligated to help support their family financially. In To Kill A Mockingbird Scout describes the Ewell family, who only attends school the first day of every year because their family is poor: They come the first day every year and then leave. The truant lady gets’em here ‘cause she threatens ‘em with the sheriff, but she’s give up tryin’ to hold ‘em. She reckons she’s carried out the law just getting’ their names on the roll and runnin’ ‘em here the first day. You’re supposed to mark ‘em absent the rest of the year (Lee 27). In cases like these, the purpose for leaving school was to help out the family with chores like tending to the farm and crops.