Pros and Cons of Mercantilism - 610 Words

Pros and Cons of Mercantilism Mercantilism is a key economic principle in which nations attempt to create a favorable balance of trade that is more advantageous to them than to other nations. This concept is elucidated (on a number of occasions) in William Bernsteins non-fictional accounting of the history of global economics entitled A Splendid Exchange: How Trade Shaped the World. Furthermore, mercantilism was one of the leading economic strategies employed by many of the nations in the western hemisphere. In fact, this economic tenet largely fueled (and in turn was supported by) the imperialist appetites of countries such as Holland, England, and France. Mercantilist practices ultimately strove to provide these nations, and others, with a means of self-sufficiency that, in an ideal state, could not be challenged by another country throughout the world. One of the most important of these policies that were endemic to mercantilism was the construction, facilitation, and the support of a large merchant marine. Such a fleet of ready-made ships could be used for several pragmatic reasons, such as to transport commerce between disparate locations. A well-equipped merchant marine could also aid in the colonization of new territories which was a key component of imperialism. Lastly, a formidable merchant marine could be of immense assistance when encountering rival nations on the high seas, in which battles and even casualties might ensue. The obtaining of gold and silver,Show MoreRelatedCapitalism, Liberalism And Marxism Leninism1486 Words   |  6 Pagesof time or paved the way for economic revolutions are Mercantilism, Liberalism and Marxism-Leninism. Each of these economic theories have great strengths in their own rights but are of course not without great limitations. While there is no such thing as an inherently perfect economic an d political system it is quite obvious that some come closer to the mark than others. Mercantilism has been nicknamed the economics of absolution. Mercantilism is the theory that a countries power depends mainly onRead MoreThe Revolution Of The American Revolution1582 Words   |  7 Pagesposed by monarch and ministers Mounted withering attacks on the use of patronage and bribes The Americans became use to living life by themselves, largely untouched by European politics Mercantilism and Colonial Grievances British believed that their control over the colonies was justified via the theory of Mercantilism Mercantilists believed that wealth was power and that a country’s economic wealth could be measured by the amount of gold or silver Country needed to export more than import for powerRead MoreThe Between The Euphrates And Euphrates Tigris And Tigris Rivers Essay1584 Words   |  7 Pagesexchange for other goods or services. Highly regarded positions in the feudal system often did not receive much in return, aside from the honor of having the position. As lords and peasants broke away from this system, mercantilism started to take its place. Transitioning to mercantilism would lead to the expansion of trade and spur technological innovation. This economic system is perhaps the ‘baby steps’ towards the foundation of American capitalism. The users of this system in this chapter of timeRead MoreDiscussion Questions1621 Words   |  7 PagesCRITICAL QUESTIONS AND DISCUSSION Note: Questions from the end of the chapters can also be used for discussion questions Chapter 2: Foundations of Modern Trade Theory: Comparative Advantage Critical Thinking and Discussion Questions: QUESTION 1: Mercantilism is a bankrupt theory that has no place in the modern world. Discuss. QUESTION 2: Is free trade fair? Discuss. QUESTION 3: Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protectRead MoreThe Impact Of Globalisation On The Uk Economy Essay1718 Words   |  7 Pagescountry could be affected by this big event. The globalisation has had profound and lasting influences to UK economy. This essay will firstly focus on the pros and cons of globalisation, then discuss the UK sectors which benefited and suffered from globalisation respectively, finally analysis the overall effect of globalisation on the UK economy. Pros of globalisation First of all, Globalisation helps to promote international division of labour. According to Heckscher-Ohlin theory (Gerber, 2014, pp.72-76)Read MoreTheories of International Politics2076 Words   |  8 Pagestheories hold on IPE lead to their differences on globalization- especially when decided whom globalization is good for. Realists attempt to state the importance of the state in the economy. Realist political economy has sometimes been called â€Å"mercantilism†, or economic nationalism . Realists believe that war could break out at any moment, therefore the state’s economy must be ready to fund a war. For Realist the goal becomes being both powerful and independent. If a country has an economy that canRead MoreInternational Business Study Guide7932 Words   |  32 Pagesprotections and institutiosn XXIII. How does divesture from State occur? A. Sales B. Auctions C. IPOs I. What is mercantilism and when was it popular? A. Mercantilism: 1500-1800 1. A country will gain wealth when exports exceed imports a) A country could use the trade surplus to gain a superior army II. What were the goals of mercantilism: A. To earn gold and silver B. gain wealth= store of government’s gold and silver C. have a trade surplus (not theRead MorePrivate Prisons2662 Words   |  11 Pagesevaluate the performance of private sector versus public sector, disputes of what are â€Å"just and fair† services that the inmates are entitled to, among others. In the following essay we aim to bring these topics into light and try to analyze the pros and cons of privatizing the prison system. Private prisons are one of the fastest growing industries in the security and protection industry. Up until 2003, there were an estimated of 102 private prisons in the U.S. holding more than 100,000 inmatesRead MorePrivate Prisons2652 Words   |  11 Pagesevaluate the performance of private sector versus public sector, disputes of what are â€Å"just and fair† services that the inmates are entitled to, among others. In the following essay we aim to bring these topics into light and try to analyze the pros and cons of privatizing the prison system. Private prisons are one of the fastest growing industries in the security and protection industry. Up until 2003, there were an estimated of 102 private prisons in the U.S. holding more than 100,000 inmates.Read MoreAmerican Revolution and Study Guide Essay example5377 Words   |  22 PagesWilliam Penn Predestination Louis XIV Boston Massacre Henry VIII Salutary neglect George Washington Stamp Act Elizabeth I Massachusetts Bay Colony Marquis de Montcalm Hessians Navigation Laws 7 Years War Mercantilism New France House of Burgesses Glorious Revolution Royal Charter Quakers Proclamation of 1763 Thomas Paine Squatter Mayflower Compact Edict of Nantes Horatio Gates Primogeniture Huguenots John Hancock

Oedipus the King Essay - 1611 Words

How Fate and Oedipus’s own essential nature combine to make him a tragic hero? â€Å"Oedipus the King† by Sophocles is a very good play which talks about a guy who was fated to kill his father and married his mother. Aristotle defines â€Å"tragic hero as a person of great stature and virtue who becomes aware of a mortal defect within himself.† This defect leads to great tragedy. Oedipus’s own essential nature makes him a tragic hero because his ignorance (lack of knowledge) led him to his own destruction. Also Fate plays an important role in make Oedipus a tragic hero because fate is a calamitous or unfavorable outcome or result; death; destruction, or downfall. (www.thefreedictionary.com) Fate at Oedipus the King plays an important role†¦show more content†¦One day someone told Oedipus that he was not a blood son of the Kings of Corinth and this bothered him, so he decided to go to the oracle at Delphi and ask about his blood parents. The oracle told him that he was fated to kill his father and married his mother. Fate plays an important role in this part because here is the beginning of Oedipus tragedy because he tries to avoid the oracles prophecy and he went to Thebes where the tragedy takes place. â€Å"Sophocles has provided a conclusive answer to those who suggest that Oedipus could, and therefore should, have avoided his fate. The oracle was unconditional: it did not say ‘If you do so-and-so you will kill your father’; it simply said ‘You will kill your father; you will sleep with your mother.’ And what an oracle predicts is bound to happen. Oedipus does what he can to evade his destiny; he resolves never to see his supposed parents again. But it is quite certain from the first that his best efforts will be unavailing.† (Dodds 69) Oedipus’s own essential nature makes him an arrogant man, we can see an example of this at page 612, â€Å"Here I am myself – you all know m e, the world knows my fame: I am Oedipus.† We can see another example where Oedipus pride and arrogance makes him believes himself as equal to or superior to a God (Hubris). â€Å"You pray to the gods? Let me grant your prayers.† (618) Because of his arrogance (Hubris) he suggested that the killer of Laius must beShow MoreRelatedOedipus The King Of Oedipus868 Words   |  4 Pageschallenge that waits upon one. Confidence overpowers cockiness. The cocky trait is heavily represented in the story â€Å"Oedipus the King† (c. 430 B.C.) by Sophocles. In the story, Oedipus the king of Thebes has the cocky trait and it results in torture for life. Oedipus’s arrogant personality shows throughout the story as he tries to find the killer of the former king of Thebes, his father. Oedipus tends to deem himself as a god throughout the story which plays a big role in interaction with people around himRead MoreOedipus The King : Oedipus1328 Words   |  6 PagesOedipus the King Oedipus had a lot of different character traits both good and bad. He had a good conscience; he cared deeply for the people in his life and protected them. He was very empathetic, smart and a dependable man who lived his life with great integrity. He was an honest man with strong moral principles and lived a righteous life. He found it difficult to live anything less than a righteous life; when he realized what had become of his life, his guilty conscience consumed him. He was filledRead MoreOedipus The King Of Oedipus1019 Words   |  5 Pageswhat makes Oedipus actions in his quarrel with Teiresias and also throughout the play so dramatically compelling, is the fact that the audience knows the outcome of the story. We know Oedipus fate even before he does, and there is no suspense about the outcome itself, instead, the audience anxiously awaits Oedipus to reveal his fate unto himself in his desperate quest to rid his city of the terrible plague, or maybe even more so, to simply d iscover his own unfortunate tale. Oedipus is relentlessRead MoreOedipus the King1125 Words   |  5 PagesOedipus the King by Sophocles is about Oedipus, a man doomed by his fate. Like most tragedies, #8220;Oedipus the King#8221; contains a tragic hero, a heroic figure unable to escape his/her own doom. This tragic hero usually has a hamartia or a tragic flaw which causes his/hers#8217; downfall. The tragic flaw that Sophocles gives Oedipus is hubris (exaggerated pride or self-confidence), which is what caused Oedipus to walk right into the fate he sought to escape. Pride like that of Oedipus hadRead MoreOedipus the King1065 Words   |  5 PagesSophocles’ use of irony is amongst the greatest of all time, as demonstrated masterfully in Oedipus the King. He displays both ambition and understated humour by using irony in diverse ways, both cosmic and dramatic, as well as verbal irony to add a greater level of wit. Every word spoken holds great symbolic weight and those words contribute to a narrative that reflects the gods plans. Adversely the work of Johnathan Swift takes the form of a social satire, combining economic arguments with a sociopoliticalRead MoreOedipus the King1164 Words   |  5 Pagesmen of high reputation and good fortune such as Oedipus.† This attitude, commonly found in men of high station is not specifically identified as pride in the case of Oedipus and, indeed, different readings can place Oedipus’ great flaw in a number of areas. It seems as if Sophocles intended to emphasize the more common interpr etation of Oedipus’ flaw being excessive pride, but other interpretations, such as Pier Paolo Pasolini’s 1967 film Oedipus Rex, present other possibilities as the main characterRead MoreOedipus the King773 Words   |  4 PagesThe Greek drama Oedipus the King, written by Sophocles, is regarded as one of the most perfect tragedies ever written. The tragedy Oedipus the King is highly esteemed partly due to its use of dramatic irony. Dramatic irony means that facts or events, which are not known to the characters on stage or in a fictional work, are known to the audience or reader. Sophocles uses dramatic irony to demonstrate how little the protagonist really knows. The main dramatic irony in Oedipus the King contrasts Oedipus’sRead MoreOedipus The King, Or Oedipus Rex1249 Words   |  5 Pagesmost famous probably being Sophocles’ Oedipus the King, or Oedipus Rex. For a play to be considered a tragedy, it must have a tragic hero. According to Aristotleâ €™s definition of a tragic hero, they must be a decent moral person, of high social standing who eventually meets with a tragic downfall, of their own doing, suffering more than deserved, and realizing their error too late. In the play Oedipus the King, Oedipus is the epitome of a tragic hero. Oedipus Rex was generally a â€Å"good† person; heRead MoreOedipus The King And Oedipus At Colonus1567 Words   |  7 Pagesworks of Sophocles and particularly evident in Oedipus the King and Oedipus at Colonus, not only exalts the Greek nationalism present at the date of composition but dictates the course of the story, evolving as its tragic hero works through his fated anguish. Hubris, defined as exaggerated pride or self-confidence, is the earmark character trait of Oedipus and perhaps Creon. However, it is the abandonment of his sanctimonious nature that distinguishes Oedipus as a true hero. The theme of the evolutionRead MoreOedipus The King, And Oedipus At Colonus1343 Words   |  6 Pages Oedipus, a play written by Sophocles, has become a staple in the study of a Tragic hero in classic literature. When this was written in the fifth century, theatre was more than a means of entertainment but almost a religious event. Robert Fagles goes even further by saying tha t†theatre was not only a religious festival; it was also an aspect of the city’s political life.† (Fagles) . Greek dramas were presented only twice a year during religious festivals that honored Dionysus, the god of wines

State Capitol Building Free Essays

The first state capitol building in Jefferson City was built in the period of 1823-1826 and was destroyed by fire in 1837. A new capitol building had been approved at the time and was completed in 1840. The second capitol was destroyed by fire on February 5, 1911, when a bolt of lightning struck the dome. We will write a custom essay sample on State Capitol Building or any similar topic only for you Order Now The present capitol was built in the period of 1913-1917 and stands upon the same spot as the first, high atop a bluff overlooking the Missouri River. One significance in the capitol building is the Missouri State Museum, which is located on the first floor of the Missouri State Capitol Building, and run by the Department of Natural Resources and Division of State Parks. The museum contains long-term exhibits and regularly changing temporary exhibits. Also, there is a program that develops a series of traveling exhibits that can be used as educational tools by schools, civic and other groups. The Missouri State Museum is responsible for a large collection, consisting of approximately 93,000 artifacts and objects from all aspects of Missouri’s history. These artifacts and objects have been collected since the museum was first opened. One of the highlights of the collection is the collection of over 125 Missouri Civil War battle flags. Thirty-three of the flags have been conserved and eleven have been framed. The â€Å"Missouri Veterans Gallery† is in the east end of the Missouri State Museum is a new long-term exhibit. The centerpiece of the exhibit is a brass model of the USS Missouri battleship built by the U. S. Navy for research. The exhibit also includes artifacts and images related to Missouri veterans as well as excerpts from interviews with veterans. The Museum staff developed this exhibit to inform visitors about the key role of Missouri veterans in the history of the state. In 1935, Missouri native Thomas Hart Benton was summoned upon the Missouri House of Representatives to paint a mural on all 4 walls of the House Lounge, which is a large meeting room on the third floor in the Capitol’s west wing. The mural portrays bold and vivid scenes of everyday Missouri life, which at first sparked controversy among the legislators. Benton’s mural represents a source of pride and a popular stop for visitors touring the Capitol. In addition to housing the two legislative bodies, the Capitol provides office space for the Governor, Lieutenant Governor, Secretary of State, Treasurer, State Auditor and some administrative agencies. The structure is also notable for its architectural features, including its eight 48-foot columns on the south portico and six 40-foot columns on the north side; its 30-foot-wide grand stairway and its bronze front doors, each 13 by 18 feet. There are no weaknesses of the capitol building when providing a historical museum, free guided tours, and opened almost everyday of the year. The purpose of the capitol building is more to inform tourist about Missouri history than housing for two legislative bodies, the Capitol provides office space for the Governor, Lieutenant Governor, Secretary of State, Treasurer, State Auditor and some administrative agencies. The museum had excellent exhibits, including the brass model of the USS Missouri battleship. Throughout the first floor, the capitol building had exhibits about the early settlers. I would recommend to people who love to learn about history to take a tour of the Missouri State Capitol Building. How to cite State Capitol Building, Papers

Dazzling Costumes Information System

Questions: Task 1 Draw a context diagram data flow diagram for the system described above. The format should be similar to the context diagram in figure 5-13 of your textbook.Task 2 Draw the Level 0 DFD (Data Flow Diagram). All processes on this diagram should be functional primitives. The format should be similar to the context diagram in figure 5-16 of your textbook.Task 3 Draw an ERD (Entity Relationship Diagram) which represents the entities described in the case study, fully normalised to reflect all entities, relationships, cardinality and optionality. Ensure to follow the crows feet notation to indicate cardinality. The format should be similar to the figure 9-21 of your textbook.Task 4 Create a 3NF design for the system described in the case study. Provide the entity attribute list in 3rd normal form to support the ERD in Task 3. Make sure that all primary and foreign keys are identified properly. It is not necessary to provide the earlier normalisation forms (1NF and 2NF) as these will not be markedTask 5 Draw a class diagram for the system described in the case study. The format should be similar to the class diagram in figure 6-30 of your textbook. Make sure to include all relevant attributes and methods for each class.Task 6 The Manager of Dazzling Costumes is most interested in your work. She has no knowledge of Systems Analysis and Design and has asked for a brief explanation of what you have done and what these mean to her. Write - 1 page report explaining your work in Tasks 1 5.Task 7 Briefly describe various system changeover methods. Suggest a changeover method for the system described in the case study and provide specific reasons to support your choice. Answers: Task 1: Context Diagram Task 2: Level 0 DFD Task 3: ERD Task 4: 3NF Relations The list of attributes is, CUSTOMER (CustomerID, FirstName, LastName, DOB, Gender, Address) EMAIL (Email, CustomerID) ITEMS_HIRED (CustomerID, PieceItemID, HiredDate, DueDate, ReturnedDate) PIECE_ITEM (PieceItemID, ItemID, PurchaseDate, PurchaseCost, Size, Color, Status, SpclDetails) ITEM (ItemID, Name, Brand, GenDesc ) Task 5: Class Diagram Task 6 In any information system development process, there are more than one phases. System analysis and design is a phase in system development process. In the information system development process for Dazzling Costumes, the system analysis and design phase has provided following deliverables, Context diagram Level 0 DFD diagram ER diagram and 3NF database design. Class Diagram The context diagram is a functional system design diagram that gives a high level view of the system. The focus is on defining the boundaries and scope of the system and representing the same. So, the context diagram has been created for that purpose. Level 0 DFD diagram has extended the context diagram one step further towards detailed diagraming. The level 0 DFD shows the flow of data through the system and the system is represented as a set of processes. The main functional areas of the system are represented by the system. The storage of information has been shown using data stores D1 and D2. The diagram shows what data flows through which process, originates from which external entity and goes where in the system. ER diagram has been developed for the database design part. Every information system has an underlying database. The system records information about the customers, items and pieces of the items. So, the database will stores details about these entities. On the other hand there are certain relationships between different pair of these entities. Those are represented in the database also. Finally there is an attribute list of the logical relational database. The relations are in 3NF. The class diagram structures the information system. It will show how real world entities are getting manipulated in the information system. The classes, attributes of each class, the methods for each class, association between 2 classes etc. are represented graphically in the diagram. In this way, these deliverables are created. In system development process, a phase can consume and utilize the deliverables from previous phases. The next phase that is system development will use the deliverables from this phase. Task 7 After system development and testing, the newly developed system is implemented and it replaces the old system. The replacement of the old system by the new one is caller as system changeover process. There are four different types of system changeover methods. I. Direct cutover As soon as the newly developed system comes to the operational state, the old system is disposed and the new system starts working. This method of system changeover is called direct cutover method. The process is very inexpensive as at a time, only one information system runs there. But, there are a lot of risks in this method. The system can crash due to various reason, there may be more load than the system can handle, some bugs etc. in that case the there will be losses of data. II. Parallel method As the name suggests, in parallel method, the old system is used for some specific time even after full implementation of the new system. There are two information systems that runs at a time, parallel to each other. The method is very expensive. Because more resources are needed to run two information systems. But it lowers the risks of data loss, even if the new system is crashed for some issue, the old system will operate. When the new system proves itself to work efficiently in the working environment and producing similar deliverables like the old system, then the old system is retired. III. Phased Operation For big projects, there are a number of business processes and usually the whole system implementation is broken down into multiple phases. In each phase, the new system is implemented and made available to a part of the business. When it performs in an expected way, then that is integrated to the implementation of next phase and the process continues until the new system is made available to the whole business. The process has limited risks and is less expensive than parallel method. However, it is hard to implement, as there may be compatibility issues while working on new and old systems partially at a time. IV. Pilot Operation In some cases, a business have multiple sites or locations. A location is selected from those as a pilot site. The new information system is implemented to the pilot site at first. This is not phased implementation, rather it is complete implementation at a smaller location. When the system performs as per requirements, then it is implemented to the rest of the sites. This process also have lowered risks and reasonable expense. (Shelly Rosenblatt, 2011) It is suggested that Dazzling Costumes should use parallel method. In their case, the manual system and the newly implemented system will run in parallel for some time. The process will not be very expensive as only one information system will run in their case. But the risks of data loss will be low. References Shelly, G. Rosenblatt, H. J., 2011. Systems Analysis and Design., Cengage Learning.