Wednesday, July 1, 2020
How Canadian Banks Survived the Subprime Meltdown (Essay Sample) Content: Name:Instructor:Course:Date:How Canadian Banks Survived the Subprime MeltdownIntroductionIn the second half of the 20th century, the economic crisis was associated with the historical dynamics and the capitalist finance contradiction. Compared to the crisis of the seventies, this crisis did not emanate from profitability crisis due to production. It was characterized by inflation that impacted negatively on those who had financial assets. It destabilized the role of the dollar currency. The innovation in finance must have deepened due to the social deepening of capitalism during this period (Robert 17). Risks related to the integration of investment, trade and production was influenced by the increase in the securitized financial market coupled with the American finances being internationalized.The global economy was so complex that the risk insurance provided was without capital accumulation that would have had a little restriction. Finance infiltrated into the socie ty thus integrating savers, debtors, and investors. The integration of the investors was through mortgage for private housing, pensions that were private and consumer credit. Also, the witnessed chain of financial crises was due to volatile competition for the global finance. The containment of the predicament required the involvement of states in the attempt of providing the correct antibiotic or remedy (Tony 3).Goals or objectivesBackgroundDuring the 2007/2008 financial crisis, the Canadian banks weathered the storm in comparison to other banks in other countries. It left more questions than answers as financial experts tried to dissect into the operations of the Canadian markets. The government did not bail out these banks and ironically the banks still made profits during the crisis. It is for this reason that this essay seeks to not only identify Canadian banking aspects but also validate the aspects or reasons that significantly contributed to the stability of the banks durin g the crisis (Tony 3).The origin of the crisis is associated with the United States after which it spread to other nations. Canada had endured far less pain during the economic crisis than their neighbors such as the United States. It approximates that six largest banks in the country had lost close to $11.7 billion which was relatively insignificant in comparison to those experienced in the international arena. Banks such as Citigroup had written off subprime losses that amounted roughly close to $ 39billion of which $ 20 billion were incurred in the previous years before the crisis (Robert 17).The US real estate industry had exposed Canada to losses of especially credits. Moreover, these write-downs at the numerous big lenders affected the Canadian banks due to lack of liquidity in the international market arena. All these were associated with the poor crediting of mortgages in the US. Admittedly, Canadian ability to dodge the financial crisis perplexed since they had depended to some extent on the US in terms of trade and investments due to the interconnection of the financial market (Vikram 3).One of the factors that contributed to the financial crisis is the collapse of the Lehman Brothers. The huge amount of taxpayers finance was used to bail out the situation. Besides, the effects were still felt five years after the crisis in that the GDP of many rich countries were still low per (Robert 16). The financiers especially the Anglo-Saxon who claimed to have done away with the risks had lost track. The central bankers and other regulators, on the other hand, accommodated the folly. The financiers faulted in that the year before the crisis in that there were series of irresponsible and irrational lending of mortgage in America. Loans were provided even to those creditors with a poor history of payment. The fragility of the financial systems must have been illuminated and exposed by the series of reactions because the American housing system was turned. Mor eover, investors were not guaranteed protection (Tony 5).The other factor was the failure of the regulators to anticipate and keep economic imbalance in control besides the lack of proper and appropriate oversight of the financial institutions. They had let the Lehman Brothers go bankrupt. The bankruptcy of the Lehman Brother caused fear and panic in the market. Trust on lending had subsided exponentially (Tony 4).Central banks especially the European Central Bank did not put limitations on the periphery by assuming that current account imbalances were insignificant in the monetary union. Central bankers did little to remedy the situation that was characterized by the increase in the housing and credit. They would have combated this by the increasing the interest rates or by lowering the maximum loans in the value of the ratio to the mortgages. Moreover, the central bank had the leverage of demanding banks to save more capital (Kirkham 4).In general all these factors emanated from p oor modeling of situations that were unable to comprehend not only the perverse and the predictable but also the implications of the structures of incentives that had been created. The models were faced the challenge of understanding the economics behind securitization, systematic risks, and the inability to provide estimates of small events based on probability (Tony 5).Implications of the crisisMethodologySource of dataThe data that was used in the project was obtained from the five major top banks of Canada as well as other fifteen banks in the country. The five major banks were: the Royal Bank of Canada, the Bank of Montreal, the Bank of Nova Scotia, Toronto-Dominion, and Canadian Imperial Bank of Commerce. The other fifteen banks were Citizens Bank of Canada, B2B Bank, Bridgewater Bank, CFF Bank, Continental Bank of Canada, CS Alterna Bank, Canadian Tire Bank, Canadian Western Bank, National Bank of Canada, Pacific and Western Bank of Canada, Manulife Bank of Canada, President 's Choice Bank, Rogers Bank, Laurentian Bank of Canada, and First Nations Bank of Canada. The other sources of data were retrieved from the United States Banks. The origin of the financial crisis was perceived to have originated from the US. The banks in the US were: the Bank of America, the Citigroup Bank, the Bank of New York Mellon, Wells Fargo Bank, and JPMorgan Chase Bank (Jordan and Lategan 87).The type of data usedThe main method of data collection employed was the use of interviews and questionnaire. The questionnaire contained both the open-ended questions and closed-ended questions. The open-ended questions were required in situations that required further and deeper insights of information under investigation. On the other hand, the closed-ended questionnaires were specifically oriented to certain banking phenomenon. The illuminated methods are qualitative methods of data collection that encompass interaction with individuals or group of individuals directly. The setback s of these methods are that they are time-consuming and very expensive. However, they were chosen and preferred to other methods since the qualitative approach of data collection is far much richer and provide deeper insights of the phenomenon under investigation (Jordaan and Lategan 87).Several native students with financial education background were recruited for the sole purpose of conducting these interviews. Those who were to be interviewed were the CEOs and at least two members of the board of directors of all the banking industries illuminated above. Moreover, before the interviews were conducted, those who were interviewed were contacted and appointments made. They were made after consenting to participate in the research (Jordaan and Lategan 87).Data quality controlTo ascertain that the data the interviewers provided to be authentic, they were provided with the recording gadgets that were to be used to verify the authenticity of their interviews. Falsification of data is ta ntamount to data being skewed hence deviating from the true reflection that is intended to be brought in the light. The collected data were then sorted into an orderly pattern to provide meaningful insights of the financial crisis (Jordaan, and Lategan 87)AnalysisThe method of analyzing qualitative data was the use of qualitative data analysis (QDA).Finding of the analysisThere are numerous factors that are perceived to have contributed to Canadian stability. One of these factors is the existence of the best prudential regulator of the bank. OSFI as the national regulator that was headed by Julie Dickson was mandated to prudential regulation. The OSFI alongside banks works aggressively in a flexible manner that enables anticipation, prediction and mitigation of risks. It is tasked with not only providing guidance and interpreting the guidance but also with to ensuring that there is compliance with the guidance. OSFI approach of supervision of the internal practices of the banks pla yed a major role in their success. In Canada, banks are expected to run the institutions right while in other nations such as the US, the institutions are embedded with the responsibility of meeting the country's rules. Payment oversights, settlement of systems, lender resort functions, and monetary policies are responsibilities of the Canadian banks (Dave 4).The second factor to the stability is related to the ratios of capital assets. The capital of the Canadian banks was relatively lower in comparison to other national banks in the US before the financial crisis. However, through the OSFI they were expected to be adequately capitalized. The third factor is the imposition of the leverage caps. Of all the G7 countries, only Canada and the US levy leverage caps on their banks. OSFI in its definition of assets incorporated a couple of off-balance sheets which included the derivation of credit (Tony 4).The...
Tuesday, May 26, 2020
The One Thing to Do for Samples of Essay Outlines Essays are able to look very dull sometimes. Outlines will be able to help you focus your ideas and data around one, central theme. They help you see how your essay will look before you actually write it all out, enabling you to be sure that it is organized in a strong and effective way. Essay outline for college plays an important role. Samples of Essay Outlines Secrets That No One Else Knows About An essay's structure mainly consists of the segments or sections that will need to get included inside an essay. Basically, the pieces of an essay proved just 3 divisions. Before starting an essay, it is necessary to understand what you're writing for. An expository essay is a kind of essay where the writer demonstrates how to execute certain activities, thus the name expository. The Hidden Secret of Samples of Essay Outlines Each individual paragraph should concentrate on a particular element of the thesis. 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The conclusion plays a critical role in the feeling it ties up the whole essay. Any introduction should start with a hook. An outline can help you organize your principal suggestions and determine the order in which you're likely to write about them. There's no particular style for the introduction, but background information is easily the most common system of approach. A History of Samples of Essay Outlines Refuted In terms of the outline of a resea rch paper, there's nothing complicated here. When you're attempting to begin your research paper you will need to get an excellent outline and form some important tips for research topics. As the title of the writing implies you have to conduct the research in the certain region of knowledge. You don't need to research or argue. Finding a job as a supermarket cashier doesn't need schooling essay outlines sample or any kind of certification. It is critical to know that unlike some traits, diabetes does not appear to be inherited in a very simple pattern. Essay begin, it's important to analyze the vitamin outlines of produce composition its effect physically. An essay was defined in a number of means. The Secret to Samples of Essay Outlines Essay writing is a crucial portion of your academic education or a writing career if you decide to go like that. Ultius and our essay writers are here in order to make certain your academic content needs are satisfied, and assisting you to craft your essay outline is a significant step in that approach. Making an essay isn't an easy job. Writing essays might be highly effective tool for anybody who wants to express their views or emotions on a particular topic. 1 such assignment which you might wind up facing a couple of times throughout grade school and college is the reflection essay. After completing all steps of the pre-writing procedure, you're prepared to proceed to make the outline. Then all you need to do is fill in the blanks. Furthermore, the majority of the latter includes maculopapular rash, a mild reaction that does not have any significant consequences. Argumentative essays are also referred to as position papers due to their justification of the side of the issue they are written in support of. Threats deserve separate mention given that they're often very serious, for example, killing threats.
Sunday, May 24, 2020
Is Love Essential? The Good Life. A definition that will always slightly change depending on whatÃ¢â¬â¢s happening in my life, but will always follow the same criteria. The most crucial step will be that I am happy with who I am and the decisions that IÃ¢â¬â¢m making. And to follow my relationships will reflect this attitude that I with myself. When I was in high school my dad and I would get breakfast every Sunday morning so my dad could share his words of wisdom. My dad lives in such a way that makes everyone around him want to treat him with respect and therefore he has many healthy relationships with people to accompany that. Now although IÃ¢â¬â¢m speaking on the topic of relationships in general, my dadÃ¢â¬â¢s opinion on my significant other is extremelyÃ¢â¬ ¦show more contentÃ¢â¬ ¦Is it real love if they died and you could move on and fall in love again? All these questions are discussed. Terri defends the fact that although her ex-boyfriend would hit her and drag her that he did in fac t love her. In his episodes of abuse, he would say Ã¢â¬Å"I love youÃ¢â¬ . She believes that although it may seem psychotic, Ã¢â¬Å"Ã¢â¬ ¦people are different [Ã¢â¬ ¦]. Sure, sometimes he may have acted crazy. Okay. But he loved me. In his own way maybe, but he loved me.Ã¢â¬ (Carver 657). Mel is appalled and believes there is no way anyone could consider this love. But I think the message Carver is trying to show is that this ex-boyfriend may have had serious issues and even though Terri was staying with a man that didnÃ¢â¬â¢t treat her right but there was something keeping these two together. Even after the man killed himself because of love Terri continued to say that she felt bad for him, showing that the care you feel for a loved one will never disappear. Mel then brings up the point although we can be undeniably in love with someone. thereÃ¢â¬â¢s a chance we will move on one day and fall in love with someone else. With his ex-wife, he had experienced the kind of lov e in which everything she did he felt gooey love for until one day he hated everything she did. When he reflects on this he looks at Terri and acknowledges heÃ¢â¬â¢s found new love. He tells the story of two elderly people who get into a carShow MoreRelatedHuman Love Is An Essential Part Of The Good Life1888 Words Ã |Ã 8 PagesHuman love is an essential part of the good life. There are different conceptions of love and some open the good life to tragedy, while others aim to make the good life immune to the possibility of tragedy. Aristophanes takes a comic myth look at love and creates a love that is open to tragedy, acknowledging that humans feel sadness if they lose their completing half. Aristophanes observes that if we are disobedient toward the gods, Zeus might split us in two once more, so we must always be in pursuitRead MoreReflection About Love1022 Words Ã |Ã 5 Pages Love is an intense feeling or emotion of deep affection. It is the act of giving oneself to another with no boundaries. A specific bond has developed that brings warmth and comfort to everyone involved. Whether this is a family member, significant other, friend, or house pet, the acts of loving and being loved play a significant role in society, insuring that the population would be unable to function without it. If love was taken away from my life completely, then I would lose a great source ofRead MoreMarriage Is The World A Wrong Point Of View About The Love901 Words Ã |Ã 4 PagesLove is not going to build a house or feed hungry children. The media is feeding the world a wrong point of view about the love that leads to a successful marriage, but marriage is a big responsibility for anyone and love is one of many elements that marriage needs to be considered as a successful one. In fact; marriage is living with a specific person forever and to share every moment with this person. Love can be read in the stories, felt in the songs, and touched in the movies, but the realityRead MoreLiving an Abundant Life: Loving Oneself1673 Words Ã |Ã 7 Pages An abundant life is a life that everyone has the ability to live. Every person regardless of his or her disabilities, race, culture, affect, or geological location is able to live an abundant life. The meaning of an abundant life put simply is t o truly love oneself. If a person can truly live out these seven components, they truly love themselves, and therefore they are living an abundant life. The seven essential components of living an abundant are: the ability to experience joy, the abilityRead MoreThe Koran Essay699 Words Ã |Ã 3 Pagessupport as well as opposition. To Muslims, The Koran is their guide to life and living. It is the primary source for Islamic law. It clearly outlines what is right and wrong and makes recommendations for how to live a good, moral and ethical life. Love, community and responsibility are three very prevalent themes throughout the entire Koran. These three things are viewed to be the key to happiness. The requirement to love god is very evident in the Koran. Al-Fahita (Surah 1) is a passage whichRead MorePlato s The Trial And Death Of Socrates Essay1671 Words Ã |Ã 7 Pagesshould be considered Ã¢â¬Å"the good lifeÃ¢â¬ . According to Socrates, Ã¢â¬Å"the most important thing is not life, but the good lifeÃ¢â¬ (Crito, 48b). The majority, who live a non-philosophical life, believes the goods of life include wealth, reputation, and honor: all things that can easily be taken away or destroyed. On the other hand, Socrates lives a philosophical life filled with self-sufficiency. He views wisdom, truth, and the best possible state of oneÃ¢â¬â¢s soul as the goods of life. The plot in The Trial andRead MoreThe Qualities Needed For A Foundation Of Humanity1017 Words Ã |Ã 5 PagesThe qualities needed for a foundation of humanity varies depending on who is being asked. While some answers may be different, there are some that essential for humanity. We often stray away from what is good in the world and get distracted by the minor aspects of life that brings tempo rary happiness. A unity of body and soul, along with sin and grace, and a strong sense of community go a long way when discussing christian anthropology. The distinction between body and soul is crucial and oftenRead MoreLiberation through Education Essay604 Words Ã |Ã 3 Pages Man is created in the image and likeness of God. The purpose of his existence is to reach his full potential, that being to live a life that is more human, more Christian a life that is similar to that of Christs. Thus, our existence revolves upon loving and inculcating our knowledge in the minds of others. These Christian concepts is essential in Fr. De Torres discussion of the perfectibility of man through education. In the opening of his selection, he talks about the notion of individualityRead MoreParents Must Make A Good Parent1571 Words Ã |Ã 7 Pagesto discipline to structure their children into mature adults. They need to show love and forgiveness even though sometimes it may seem impossible. Children will become the future and parents hold responsibility for that. Therefore, parents must mold them into adults that our future needs. A good parent should model three essential qualities: forgiveness, discipline, and love. The first essential quality includes a good parent modeling forgiveness. For example, my grandmother spent the majority ofRead MoreWork and Life Balance1545 Words Ã |Ã 7 PagesBalance Between Work and Life Ã¢â¬Å"Balance is beautiful.Ã¢â¬ - Miyoko Ohno, Japanese bridge designer Article by Leo Babauta I have a close friend named Norm who is a great photographer and a great person in general Ã¢â¬ ¦ recently he was telling me that all he does is work. That might sound familiar to some of you Ã¢â¬â IÃ¢â¬â¢ve certainly been there at different points in my life, although these days I have to say that IÃ¢â¬â¢ve found a pretty good balance between all the important things in my life, including work, family
Tuesday, May 19, 2020
The stakeholders comprise of beneficiaries of the schemes, institutions and intermediaries that facilitate the schemes to the public and the decision making bodies that are responsible for various processes for policy framework and subsequent implementation of those policies. The coalition broadly comprises of two major sources who seemingly reflect the welfare of the people: media, researchers and analysts; actors at all levels of government (local, state and international) (Sabatier, 1988). These sources help to study the various perspectives of the policy in the particular field by taking into account the different variables like socio-economic changes, political paradigms, evolving socio-cultural values, normative beliefs and environmental constraints. Thus, while incorporating the finer details of the policies in the relevant area, the view point of these agencies and the feedback widens the policy perspectives and ensures better decision making in framing the policies. Ã¢â¬ËMultiple Streams FrameworkÃ¢â¬â¢ primarily believes that three vital streams of thoughts significantly impact the process of formulation of policies. The first is the problem identification that necessitates the process, second is the diversity in the requirements of the c ommunities and lastly the political imperatives of vested interests that are influenced by public opinions, changing socio-economic and political paradigms that are incorporated into the policy framework. We will write a custom essay sample on Essay on the policy formation process or any topic specifically for you Only $17.96 $11.86/pageorder now While these process streams may be independent of each other but each of them is critical in creating, assessing and evaluating the policy guidelines to evolve effective policies within the pre-defined areas of public interest. Impact on Healthcare Health care delivery system is one of vital component of public welfare schemes of the government. The recent trends have shown that the rising cost of living has had an adverse effect on the overall public health care system. The healthcare components like accessibility to good medical care, quality and cost are increasingly moving beyond the grasp of general public. Ã¢â¬ËThe overall poor health status of the U. S population is, in part, the result of limited access to services, especially for the poor, uninsured and vulnerable populationÃ¢â¬â¢ (Harrington, 2000). The needed reforms, therefore, require not only a comprehensive feedback of delivery system as a whole, but a careful considerations to all the various pros and cons of the developing situations in the concerned areas of the public health care, has become the need of the hour.
Friday, May 15, 2020
- Within the Hindu religion there are many holidays that are celebrated, but they two that Sanjay mentioned were, Deepawali (Diwali) and Krishna Janamashtmi (Birth of Shri Krishna). He did not tell us in depth about these holidays. Nor did he tell us about the traditions that associated with the holidays or how they celebrated them. But Sanjay said that that Birthday of Shri Krishna was one of his favorite holidays. He explained how everyone was given gifts and they spent time together as a family. C- As we learned in class, the Hindu sacred scriptures equal over two hundred. They are classified as Shruti or Smriti. Shruti means Ã¢â¬Å"that which is heardÃ¢â¬ , Sanjay explained that the Shruti scriptures were passed down through generations and then preserved into Sanskrit, also Shruti is heard or revealed to sages in their highest state of consciousness. They also include the Four Vedas, Samhitas, Brahmanas, Aranyakas, and Upanishads. As for Smriti, it means Ã¢â¬Å"that which is remembered- traditionsÃ¢â¬ . Smriti it has two parts, the essence form ShruitÃ¢â¬â¢s and human thoughts for a particular time and place. Some of the more important texts are: Bhagavad Gita, Dharma Shastras, Epics, Puranas, Agamas and Tantras, and Darshanas. D- Sanjay explained that there are many paths one can pursue based on what suits them best. But, there are four main paths, Bhakti Yoga, Jnana Yoga, Karma Yoga, and Raja Yoga. The individual can follow as many as they please. Each kind of Yoga has a different pathShow MoreRelatedRELIGIOUS PLACES IN SURAT India is a country which believes in the principle of unity in diversity.600 Words Ã |Ã 3 Pagesin diversity. India houses many religions, cultures, traditions and customs. Some of the religions practiced in India are Hinduism, Christianity, Islam, Buddhism, Sikhism and Jainism. Surat is the second largest city in the State of Gujarat which houses many of the sacred religious places. Some of the religious places at Surat are listed below: 1. Agam Mandir 2. Ambika Niketan Temple 3. Ambaji Temple 4. Khwaja Didar Dargah 5. Chantamani Jain Temple 6. ISKCON Temple 7. Parsi Agiari 8. Mughalsarai 9Read MoreEssay about Mysticism in A Passage to India3921 Words Ã |Ã 16 Pageslife-altering Hindu insight. There is indeed substantial indication that Mrs. Moore achieved the primary goal of certain branches of Hinduism, melding the Atman and Brahman (Self and not-Self) into one indivisible entity, and therefore recognizing the single, pervasive force that underlies everything. However, no transcendence seems to result from this recognition, as Mrs. Moore is destroyed rather than uplifted by her vision. Ã Although her experience deceptively contains elements of a Hindu insightRead MoreSocial Reforms, India4726 Words Ã |Ã 19 Pagessociety. Some of them failed to emphasize or even recognize that colonial rule was inimical to the interests of the Indian people. Most of them worked within the framework of their respective communities in a way tended to promote identities based on religion or caste. Many of these limitations were sought to be overcome during the course of the national movement with which many social and religious reformers were closely associated. Indian nationalism aimed at the regeneration of the entire Indian societyRead MoreCulture of India9032 Words Ã |Ã 37 Pagesrefers to the religions, beliefs, customs, traditions, languages, ceremonies, arts, values and the way of life in India and its people. Indias languages, religions, dance, music, architecture, food, and customs differ from place to place within the country. Its culture often labeled as an amalgamation o f these diverse sub-cultures is spread all over the Indian subcontinent and traditions that are several millennia old. Several elements of Indias diverse culture, such as Indian religions, yoga, andRead MoreIndi The Civilization Of India2271 Words Ã |Ã 10 Pages It is impossible not to be astonished by India. Nowhere on Earth does humanity present itself in such a dizzying, creative burst of cultures and religions, races and tongues. Every aspect of the country presents itself on a massive scale, worthy in comparison only to the towering mountains that overshadow it. Perhaps the only thing more difficult than to be indifferent to India would be to describe or understand India completely. I chose to do this country because I have always been intriguedRead MoreTibetan Buddhist Monasteries and Sikkim3855 Words Ã |Ã 16 PagesArea: 7,096sq.kms. Climate: Summer: Maximum temperature: 21 Degree C, min 13 Degree C Winter: Maximum temperature: 13 Degree C, min 0.48 Degree C. Clothing: Summer: Light woolens amp; cottons Winter: Heavy Woolens Religion: Mahayana Buddhism, Hinduism, Christianity and other religion are also practiced. Language Spoken : Nepali, Hindi, English, Bhutia, Lepcha, Limboo Best season to visit: To enjoy a Jeep Safari and culture tours, the best period is March to mid Ã¢â¬â June and October to December. JanuaryRead MoreThe Holy River of India-River Ganges9512 Words Ã |Ã 39 PagesHimalayan mountains all more than 6,706 m (22,000 ft) high. It issues as the Bhagirathi River from an ice cave, 3,139 m (10,300 ft) above sea level, and falls 67 m per km (350 ft per mi). About 16 km (10 mi) from the source is Gangotri, the first temple on its banks and a traditional resort of pilgrims. At the village of Devaprayag, 214 km (133 mi) from the source, the Bhagirathi joins the Alaknanda to form the Ganges. MYTHS AND RELIGIOUS FACTS GANGA IN HINDUISM The Hindus revere the Ganga as aRead MoreRama- from Ramayana7719 Words Ã |Ã 31 Pages | |Related topics | |Hinduism by country | |Gurus and saints | |ReformsÃ Ã · Criticism | |CalendarÃ Ã · Hindu Law | |AyurvedaÃ Ã · Jyotisha | |FestivalsÃ Ã · Glossary | | | |This box:Ã viewÃ Ã¢â¬ ¢Ã talkÃ Ã¢â¬ ¢Ã edit | Read MoreEffects and Implications of Coalition Governments on the Political Scnerio in India16277 Words Ã |Ã 66 Pageswas not able to reach an agreement with the Congress on the issue of Chief Minister Ship. The other major development of the week, the complete return of the BJP to its Hindutva (Hindu activism) agenda will have far reaching impact at the national level. New BJP president L.K. Advani has made it clear that the Ram Temple issue will be the most important issue to be pursued by the party come what may. The party is not bothered much about parting company with its partners in the National Democratic
Thursday, May 14, 2020
Starting from the middle of the nineteenth century, the Age of New Imperialism took over the world. Imperialism is the method by which a country extends its borders either through military force or by diplomacy. The main motives that drove colonization and imperialism were belief in European superiority and industrialization or modernization. As the Industrial Revolution escalated, countries needed lands with raw materials and natural resources, as well as new markets across the globe that would greatly benefit their economy. Because Europe had advanced so greatly due to industrialization and the modernization of technology in such a short amount of time, Europeans believed that they were the superior race of the world. With that attitude, they believed that they should plant their flag on as many places as possible across the world. Most important however was the economic motivation to be a strong world power through trade and finance. During the Imperialism era, almost all regions modernized economically either due to European colonization and domination like in Africa and India, or in attempt to block out western influence like in China and Japan. The greatest example of European colonization was in the continent of Africa. While initially the exploration of Africa was simply for adventurers, missionaries and humanitarians that wanted to stop slave trade, Africa became more appealing for its economic opportunities. Sub-Saharan Africa was a producer of raw materialsShow MoreRelatedWhat attracted European imperialism to Africa to Asia in the late nineteenth century.1585 Words Ã |Ã 7 PagesMortimer Chambers et al define imperialism as a European state s intervention in and continuing domination over a non-European territory. During the Scramble for Africa in the late nineteenth century, the most powerful European nations desired to conquer, dominate and exploit African colonies with the hope of building an empire. According to Derrick Murphy, in 1875 onl y ten percent of Africa was occupied by European states. Twenty years later only ten percent remained unoccupied. There wereRead MoreThe Role and Rights of Women in Western Europe and Eastern Asia from 1750 to 19141525 Words Ã |Ã 7 Pages During the long nineteenth century, political revolutions, industrialization, and European imperialism resulted in dramatic changes in the role of women in Western Europe and Eastern Asia. As industrialization spread in Western Europe, women were no longer able to fulfill their dual role as a mother and a worker. After the introduction of industrialization, laborious tasks were moved from the household to factories and women were forced to choose either the life of a mother or the life of a workerRead MoreIndustrialization in Nineteenth Century Europe2315 Words Ã |Ã 10 PagesOne of the most influential centuries during human history is the nineteenth century. During this century the world, especially Europe, experienced radical change--change that revolutionized the world, as everyone knew it to be. It was a century of war, of industrialization, of urbanization, and of nationalism. The major development of the nineteenth century was the Industrial Revolution. Every aspect of the nineteenth century is most likely directly influenced by the Industrial Revolution, fromRead MoreIndustrialization Of The Industrial Revolution999 Words Ã |Ã 4 Pagesis the turning point to the new method of manufacturing in the 18th and 19th century. The changeover are going from hand production to machine production, increasing use of steam power, the development of machine tools, rise of factory system, etc. But most importantly, the steam transport technology (steam powered railway, boats and ships) are the biggest helper of Globalizing portmanteau biota. In Ecological Imperialism, Crosby described how steam power helped the migration of people and the portmanteauRead MoreImperialism, The Middle East, And East Asia990 Words Ã |Ã 4 PagesWest Africa, the Middle East, and West Asia, but all these ideas come from Oriental fantasies from the nineteenth century. Edward Said the author of Orientalism said that Ã¢â¬Å"Orientalism was ultimately a political vision of reality whose structure promoted the difference between the familiar (Europe, West, us) and the strange (the Orient, the East, them).Ã¢â¬ The nineteenth century was a period of imperialism and tourism that led many western artists to visit West Africa, the Middle East, and AsiaRead More Supremacist Ideologies in Joseph Conrads Heart of Darkness Essay examples1183 Words Ã |Ã 5 Pages Supremacist Ideologies in Heart of Darkness nbsp; Joseph Conrads Heart of Darkness colludes with the ethnocentric attitude of Europeans towards the native people of Africa. At the turn of the century, European imperialism was viewed as a crusade worthy of this century of progress by King Leopold of Belgium. Although Conrad was critical of imperialism, his novella reveals to the reader an undeniable Victorian provenance. It endorses cultural myths of the period and reinforces the dominantRead More The History of Capitalism Essay1371 Words Ã |Ã 6 Pagesfor profit. Rome is credited with the first formation of a mercantile society. As the Rome Empire expanded, mercantilism expanded with it, spreading into the Middle East and Western Europe. Due the localizing nature of European economies this enabled mercantilism to expand and was not part of the European culture. Thus by the fifteenth century, when the Roman Empire began to retrench so did mercantilism (Ã¢â¬Å"HookerÃ¢â¬ ). In contrast to Europe, the Arabic economies grew around a thieving mercantilismRead MoreCCOT And CC Essay1549 Words Ã |Ã 7 Pagesand contrast life in foraging societies with life in agricultural societies after the Agricultural Revolution Identify two key changes in early African history that resulted in a new period in the history of the region The Middle East Analyze the political changes in the Middle East from the Agricultural Revolution to 600 c.e. Compare and contrast the basic features of TWO of the following religious systems prior to 600 c.e. Polytheism Judaism Christianity Asia Compare the origins and tenetsRead MoreHow Western Imperialism Affects China and Japan Essay646 Words Ã |Ã 3 PagesHow Western Imperialism affects China and Japan China and Japan had very different experiences with Western Imperialism . Their reactions to western interference would lay a foundation for their destiny in a world that was rapidly progressing forward , leaving the traditional world behind . China viewed themselves as totally self sufficient , superior , and the only truly civilized land in a barbarous world. They were inward looking and were encouraged by the conservative Confucianistic beliefsRead MoreThe Industrial Revolution And Nationalism Shaped European Society Essay1903 Words Ã |Ã 8 PagesAlthough the Industrial Revolution and nationalism shaped European society in the nineteenth century, imperialismÃ¢â¬âthe domination by one country or people over another group of peopleÃ¢â¬âdramatically changed the world during the latter half of that century. Imperialism did not begin in the nineteenth century. From the sixteenth to the early nineteenth century, an era dominated by what is now termed Old Imperialism, European nations sought trade routes with the Far East, explored the Ne w World, and established
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Using material from item A and elsewhere assess the contribution of functionalism to our understanding of the role of education. Functionalism is based on the view that society is a system of interdependent parts held together by a shared culture or value consensus (agreement) amongst individuals as to what values or norms are important in society. Therefore they take a positive view of the education system. As item A suggests they see it as a form of secondary socialism essential to maintaining society i.e. the values and norms transmitted by social institutions and groups which build upon those learnt in the family (primary socialism). The French sociologist Emile Durkheim (1903) identifies the two main features of education as theÃ¢â¬ ¦show more contentÃ¢â¬ ¦Durkheim argued that society needed a sense of solidarity, that is, its individual members must feel that they are part of a single group or community, reinforcing this statement with how social life and co-operation would be impossible without social solidarity as each individual would pursue their own selfish desires instead of working together to reach an agreement on important things. In his eyes the education system helped to create solidarity by transmitting societyÃ¢â¬â¢s culture, shared beliefs and values from one generation to the next. For example, he argues that if a countryÃ¢â¬â¢s history was taught, a sense of shared heritage and a commitment to wider social groups would be gradually established or instilled in the minds of children. Marxists however criticise this view as they believe the values transmitted by education are not those shared by everyone in society but rather those of the ruling class. In some examples this can be seen when the ruling class creates a list of values which they believe everyone should learn in society. In contrast to this school can be seen to act as Ã¢â¬Ësociety in miniatureÃ¢â¬â¢ preparing us for life outside of school. For example both in school and at work we have to co-operate with people who are either family or friends. In schoolShow MoreRelatedFunctionalism and the Family637 Words Ã |Ã 3 PagesTook 45 minutes to complete about 659 words Using the material from the Item and elsewhere, assess the functionalist contribution to our understanding of the family.(24 marks) Functionalism is a structural theory as it examines social institutions e.g. economy , education etc. It sees these institutions as a way of moulding and shaping the individual. Functionalism is also a consensus theory and tends to encourage sharing norms and values and promotes agreement rather than conflict , valueRead MoreSociology5053 Words Ã |Ã 21 PagesPossible sociology questions January 2012 Item 2A Sociologists analyse the domestic division of labour in many different ways. Parsons describes the division of labour in the traditional nuclear family in terms of an expressive role and an instrumental role. However, this traditional arrangement may have changed as families have changed, and many feminists use the term Ã¢â¬Ëdual burdenÃ¢â¬â¢ to describe the womanÃ¢â¬â¢s role in the family today. Item 2B Government policies and laws include tax and benefitRead MoreScly1 Past Papers7036 Words Ã |Ã 29 PagesSCLY1 (Old Specification) Past Exam Questions Although June 2016 will be a new specification and exam structure much of the material you have learnt in families and households applies to the new exam. Below are examples of questions taken from the old exam papers that you should practice writing plans for as they are still relevant. However there are a few key differences: * The question you will answer will be worth 20 marks not 24 marks. * You will have 30 minutes to write a 20 mark answerRead Morecrime and deviance4817 Words Ã |Ã 20 PagesCrime and Deviance with Theories Methods Past Papers Use the following past papers to practise your exam writing techniques and aid your revision. Make sure you look at the mark scheme for each question to assess your answer. Also check the Ã¢â¬Ëmodel answersÃ¢â¬â¢ from students to see where good AO1 and AO2 marks were scored. Crime and Deviance Different theories of crime, deviance, social order and social control. The social distribution of crime and deviance by age, ethnicity, genderRead MoreOrganisational Theory230255 Words Ã |Ã 922 Pagesorganization theory the book increases the understanding of a field that in recent years has become ever more fragmented. Organization theory is central to managing, organizing and reflecting on both formal and informal structures, and in this respect you will find this book timely, interesting and valuable. Peter Holdt Christensen, Associate Professor, Copenhagen Business School, Denmark McAuley et al.Ã¢â¬â¢s book is thought-provoking, witty and highly relevant for understanding contemporary organizational dilemmasRead MoreWalmart vs Carrefour26545 Words Ã |Ã 107 PagesSeptember 2007 Acknowledgements I appreciate my dissertation supervisor Dr Wang, for his continuous patience, support, guidance and constructive comment throughout the period of my dissertation. I would like to thank the professors and lectures from whom I learned a lot throughout my master year. I also would like to show my gratitude to Nottingham University Business School that provided this value chance for my postgraduate studies as well as the chance to conduct this research. I wish toRead MoreNational Security Outline Essay40741 Words Ã |Ã 163 PagesÃ¯ » ¿TABLE OF CONTENTS FOR NSL READING CHAPTER 1: National Security Law and the Role of Tipson 1 CHAPTER 2: Theoretical approaches to national security world order 4 CHAPTER 3: Development of the International Law of Conflict Management 5 CHAPTER 4: The Use of Force in International Relations: Norms Concerning the Initiation of Coercion (JNM) 7 CHAPTER 5: Institutional Modes of Conflict Management 17 The United Nations System 17 Proposals for Strengthening Management Institutional Modes