The Black Death And The Bubonic Plague - 892 Words

The Black Death or the bubonic plague was one of the most devastating pandemics in human history, resulting in the deaths of an estimated 75 to 200 million people and peaking in Europe in the years 1346–53. The black death first appeared in Europe in 1347 in Sicily, the disease was most likely brought to Europe on a ship that had been trading on the black sea. The black plague was carried by flea-infested rodents and spread rapidly. Almost half of Europe was killed by the bubonic plague. So much death could not help but tear economic and social structures apart. With a significantly smaller class of peasants workers and skilled laborers, wages kept stagnant by law and custom for generations, soared. The value of agricultural land, formerly fertile but now fallow, plummeted. This is probably the first time in history the scales tipped against wealthy landlords as peasants gained more bargaining power. Many trained architects, masons, and artisans were from because of the plague, there was too much work and not enough workers. This caused work wages to double and social status balanced out and became less rigid. Commerce stopped. Foreign ships usually welcomed were now viewed as importing death and barred from docking. Even trips to the local market became rare. At the beginning, inns and taverns from those who fled and those who frolicked did well, until their owners and workers too succumbed to the disease and became yet more abandoned buildings. The most striking elementShow MoreRelatedThe Black Death Of The Bubonic Plague1304 Words   |  6 PagesThe Black Death The Black Death also known as the Bubonic plague was a deadly disease that swept through Europe in the late 1340s to the early 1350s, wiping out over twenty five to forty million people. It is called the Black Death because when victims got sick, they developed massive bulges on their bodies that turned purple and black. The bubonic plague originated in the arid plains of Central Asia, where it then travelled along the Silk Road, reaching Crimea by 1343. From there, it was most likelyRead MoreThe Black Death And The Bubonic Plague1949 Words   |  8 PagesPursell The Black Death Reassessed What really happened to Europe during Black Death? For years, the accepted version of the event has been that a plague from the East, carried by rodents who were infected by fleas, traveled by trade routes and subsequently infected Europeans. The name of this plague is infamously known as the Bubonic Plague; it’s said to have claimed the lives of a third of the continent’s populatio n. Not everyone accepts the prominent version of this event though. In this essayRead MoreThe Black Death Of The Bubonic Plague1659 Words   |  7 PagesThe research topic I have chosen to do my paper on is the â€Å"Black Death† which is also referred to as â€Å"the bubonic plague†. Medieval people also referred to it as â€Å"the blue sickness†, â€Å"pestilence† and â€Å"the Great Mortality†. The Black Death was an epidemic from 1343 – 1353, it came to Europe via trading ships after a long journey through the Black Sea. The plague originated in Eastern Asia and worked its way via the trade ships into Western, Europe. The vessels were crammed full of rats and fleasRead MoreThe Black Death : The Bubonic Plague Of The Thirteen Thousands Swept Through Europe Essay1298 Words   |  6 PagesTaylor Hurst Dr. Reedy College English 13 October 2016 The Black Death The bubonic plague of the thirteen hundreds swept through Europe, claiming the lives of one-third of its population in merely three years. This was the most horrific epidemic the world has seen to date. Poor sanitation practices, improper burial of corpses, and insufficient systems for waste removal were important factors in allowing the plague to manifest (Byrne 31). Infected fleas and rats, brought by trade ships and theRead MoreBubonic Plague766 Words   |  4 PagesI. Thesis Statement: The symptoms of the bubonic plague spread rapidly causing outbreaks and identifying the need for modern science to deal with epidemics. II. Topic Sentence: The bubonic plague or otherwise known as the black plague spread extremely fast and there were many symptoms of the disease. A. There are many initial symptoms and symptoms before death of the black plague. â€Å"The Bubonic Plague† E medicine. 24 December 2004. http://www.emedicine.com/emerg/topic428.htm , Velendzas, DemetresRead MoreThe Black Death Essay1196 Words   |  5 Pagescircle and then falling down. The nursery rhyme refers to the Black Death, one of the worst plagues of all time (Schladweller). Known as infectious diseases that spread quickly and kill countless people, plagues have had a tremendous affect on people around the world since the beginning of time. The Black Death, also known as the bubonic plague, is a contagious bacterial infection that has killed millions of people. With the bubonic plague brutally killing one fourth of Europe in the 14th century andRead MoreBubonic Plague1154 Words   |  5 PagesBubonic plague is believed to have brought the Byzantine empire to its knees in the 6th century. This is the first ever documented record of bubonic plague in human history. B ut the fact that bubonic plague continues to afflict human population even today is a matter of concern. Your bubonic plague research paper would revolve around the premise of it being a deadly disease, but we assure you that we won’t scare you by the facts. Bubonic plague is typically differentiated from other infections becauseRead MoreThe Black Death And The Plague Outbreak1331 Words   |  6 Pagesoutbreaks in history was the plague outbreak which peaked in 1346 to 1353, in Europe, commonly known as the Black Death. This plague outbreak was extremely deadly and killed 30-60% of the European population at the time of the outbreak. The outbreak is commonly believed to have been caused by the bubonic plague, but modern evidence suggests that the Black Death was caused by pneumonic plague, a much more contagious and deadly infection. The Black Death was the second major plague outbreak in history, theRead MoreThe Plague Of Bubonic Plague1714 Words   |  7 Pagescharacteristics. The diffusion, history, and cure are just a couple universal aspects that contribute to the well known, yet unforgiving disease known as the Bubonic Plague. The Bubonic Plague diffused to many people during its time of dominance. To start, the Bubonic Plague is transmitted to other living organisms in a distinct way. The plague bacteria circulates among different populations of certain rodents without causing an excessive amount of rodent die-off (â€Å"Centers for Disease Control andRead MoreQuestions On The Black Death1336 Words   |  6 PagesSTUDIES TERM 4 HISTORY Name: Jemimah Hulme THE BLACK DEATH 1. HOME PAGE Introduction: in a few sentences, summarise What Is the Black Death? (WHAT, WHERE, WHEN, WHO, HOW, WHY) The Black Death, also known as ‘The Bubonic Plague’ was a devastating pandemic in the 14th century, affecting mainly Europe. It was caused by a deadly bacteria, ‘Yersinia Pestis’ that caused large, pus-filled swellings on the victim’s body. In the space of 5 years, the plague spread rapidly and claimed the lives of 25 million

Capital Punishment A System With Flaws - 1691 Words

Hatch 1 Capital Punishment: A System with Flaws Introduction The death penalty in America has been declining: despite the diminished use, flaws are more apparent than ever. Some of these are racial bias and the execution of innocent people. With a topic like capital punishment the information available can be overwhelming, with as much information that is out there. The words capital punishment and death penalty often have strong emotional opinions, due to being a controversial topic that so many people have different views on. History of the Death Penalty in America Americas use of the death penalty was influenced by Britain s laws of capital punishment. The first recorded execution was that of Captain George Kendall in Jamestown Colony of Virginia in 1608, for spying for the Spanish Government (Death Penalty Information Center). Laws about capital punishment was different depending on the colony. In North Carolina both harboring slaves and inciting slaves to insurrection were punishable by death. Virginia sentences sometimes depended on rather the offender was white or black, there were five capital crimes for white people and about seventy for black people (Constanzo, 1997). In 1767 Cesare Beccaria theorized that there wasn t a justification for the state to take someones life, giving abolitionists a voice, which was the abolition of the death penalty in Austria and Tuscany, Beccaria influenced Americas as well. The first attempted reforms of the deathShow MoreRelatedAgainst The Death Penalty Essa y959 Words   |  4 PagesAgainst the Death Penalty â€Å"Murder is wrong† (â€Å"Capital Punishment†). We’ve been taught this indisputable truth since childhood. The death penalty is defined as one human taking the life of another. Coincidentally, that is a classification of murder. There are as many as thirty-six states with the death penalty, and it’s essential that they change it. The United States needs the death penalty abolished because it is filled with flaws, cruel and immoral, and is an ineffective means of deterrentRead MoreBanning Capital Punishment in the United States Essay1187 Words   |  5 PagesBanning the use of capital punishment in the United States Capital punishment (the death penalty) is a legal procedure which is known as the most severe punishment where the law authorizes execution as a punishment for criminals (Gerald, 2008). Many people claim that allowing such a punishment will help decrease the crime rate, and also give closure to the victim’s family, but if you as American citizens analyze this situation in more detail you can see that taking a life for taking a life is moreRead MoreCapital Punishment Should Be Eliminated1342 Words   |  6 PagesCapital Punishment should be eliminated in America The European influence on America gave way to the similarities between our cultures, including the death penalty. The first recorded execution in America was that of Captain Kendall in Virginia in 1608. Kendall was executed for being a spy, but at that the time capital punishment was used even for minor crimes. Fast forward 150 years to the Abolitionist Movement and we see Cesare Beccaria post an essay in 1767 declaring the state has no right toRead MoreA Summary On Capital Punishment1345 Words   |  6 PagesSean Starosta Mr. Cobb American Literature May 26, 2015 Capital Punishment In 1939 Joe Arridy was convicted and executed for the 1936 rape and murder of a Pueblo Colorado schoolgirl despite serious doubts over his competence and guilt. Fast forward seventy two years and capital punishment is at its lowest rate in years, murder rates are at some of the lowest levels on record (Johnson). and Colorado governor Bill Ritter grants Arridy an unconditional pardon based on an â€Å"overwhelming body of evidence†Read MoreCapital Punishment: Should it be Legal? Essay955 Words   |  4 PagesCapital Punishment: Should it be Legal? After the Timothy McVeigh execution over 80 percent of viewers polled supported the decision the courts made to put McVeigh to death, and even a handful of the people who supported the execution thought it was preformed in a way that was too humane. Some people say that the death penalty is the most effective way to control serious crimes such as murder, while others say that it is extremely unethical and should not be legal in a country as developed asRead MoreThe Value Of Human Life907 Words   |  4 PagesSome of those against capital punishment believe that human life is so valuable that even the worst murderers should not be deprived of the value of their lives. They believe that the value of the offender s life cannot be destroyed by the offender s bad conduct - even if they have killed someone. Some abolitionists don t go that far. They say that life should be preserved unless there is a very good reason not to, and that the those who are in favor of capital punishment are the ones who haveRead MoreRace, Capital Punishment, And The Cost Of Murder884 Words   |  4 Pageswill critique â€Å"Race, Capital Punishment, and the Cost of Murder† by M. Cholbi. The critique will discuss and point out some unnecessary concepts and flaws in the author’s argument along with logical fallacies. The author appeals for a moratorium among capital punishment due to racial disparities. This essay will analyze the author’s paper on the subject of race and capital punishment. The subject of capital punishment is controversial, as some citizens believe capital punishment is unconstitutionalRead MoreCapital Punishment Should Be Abolished Essay1293 Words   |  6 PagesApproaching the topic of capital punishment is difficult when looking at society as a whole. In the opinio n stated by my class group, capital punishment should be entirely abolished due to the possibility of mistakes while sentencing. This idea relies on the basis that capital punishment has absolutely no purpose or benefit. Members of my group mistakenly used a utilitarianist point of view to argue their case, even though this view can be stretched to fit almost any argument. This paper will exploreRead MoreThe Issue Of Capital Punishment Essay1411 Words   |  6 PagesIssues with Capital Punishment Capital punishment, also known as death penalty is a legal procedure in which a state executes a person for crimes he/she has committed. This punishment has been implemented by many states and used for barbaric crimes, especially murder. It is also used on crimes against the state such as treason, crimes against humanity and violent crimes. There are mixed reactions on capital punishment depending on one’s faith. In my view, I am not in favor of capital punishment as I stronglyRead MoreThe Death Penalty Must Be Abolished1011 Words   |  5 Pages The death penalty is legal in thirty-two states. I shall argue that capital punishment should be abolished in our country because it is never moral to kill a human being no matter what they have done, because it often costs more money to keep someone on death row than to keep someone in prison for life, because of the men and women who are wrongly accused of a crime they did not commit, and because death is the easy way out. I believe that there is a standard when it comes to morality

Analysis of banks’ performance Free Essays

string(221) " considerable segment of liability structure is debt securities, which mainly content in government bonds, given that the amounts of issued had been increased from Ð ²\?157,mom to Ð ²\?211 ,mom from 2008 to 2009\." Generally considered as the biggest financial crisis since the Great Depression, the Global Financial Crisis (SGF) was followed by the European sovereign debt crisis, which heavily affected most European nations in early 2010. This report will analyses the impact of the crisis on the performance and risk exposure of two major banks: Alpha Bank (ABA) and Deutsche Bank (DB).. We will write a custom essay sample on Analysis of banks’ performance or any similar topic only for you Order Now Alpha Bank, the second largest Greece bank, locates in one of the five Euro-zone nations which suffered the most following the global crisis. At the same time, Deutsche Bank (DB) is a German bank which operates in both investment and commercial banking sectors. In particular, this report will study the asset and liability structure, the performance as well as the market and off-balance sheet risk. Also, the annual performance of 2008 to 2010 will be analyses in order to fully capture the impact of the financial crisis on these selected banks. 1. 1 Asset, Liability Structure and Risk Exposures 1. 1. Analysis of Lloyd Banking Group (LAG) Table 1: Capital Raising Activities (Liability Structure) Figure 1 Figure 2 The bank operates in both commercial and investment sections which contents in detail, wholesale, insurance and investment as its main business activities. Deposit is the main source of funding, given that the proportional ways remains above 50%during these 6 years. Generally speaking, Deposits are more reliable compare to other capital raising activities. Noticing that even during 2008 to 2010, the Deposits were lightly effect by SGF, which means retail deposits are less volatile and less sensitive to shocks. In addition, the bank was voted by Reader’s Digest the most trusted bank of Britain in the 2008. LAG as a function of commercial bank, a large and versified customer base kept the bank safe during the SGF and European debt crisis. Wholesale is the second major part of their business. Figure 2 has shown that, Debt securities take around 20% during 2007 to 2012, which implies that, LAG raises not enough funds from deposits. However, wholesale is sensitive to changes in the market. As the wholesale depositors are able to transfer the fund if others bank provides better offer to them. LAG have to undertake higher withdraw risk. LAG introduced new pricing management of saving products from 2011 in order to minimize withdraw risk. The benefit for this new plan is increasing deposit balances and reducing the proportion of wholesale. Furthermore, because of LB is a diversified bank in British, insurance division is the third mainly activity for the bank to raise fund. However, insurance may exposures liquidity risk, if policyholder who is seeking to cash in their financial claims immediately or some unexceptional accident occurs, the bank has to get huge fund to pay for them. According to Lag’s annual report, the liabilities of insurance remains around 13% from 2007 to 2012, which took up higher proportion of total liabilities. However, since the flood happened in late 2007 and therefore the bank had to pay the claims, the bank had a highest percentage of insurance liability compare to other 5 years. Besides, due to SGF and European debt crisis during 2009 to 2012, higher unemployment rates shrink the Auk’s economy, the proportion of liability of insurance policy also affected. Finally, basing on the Figure 2 we can find that, derivative financial insurance only has small proportion in this structure, due to LAG is able to raise enough fund from deposit, wholesale and insurance sections. Table 2: Portfolio Asset Allocation (Asset Structure) Figure 3 As a largest commercial bank in K, the main source of investment of LAG is Loans, which take up over half proportion of its total asset. This type of assets was allocated to households, firms and public sectors. According the annual report of the bank, personal mortgages play an important role in loan. However, these assets are exposed to credit risk and default risk. Therefore, LB engages reverse repurchase agreements for collateralized loans in order to reduce risks. The second main source of investment of LAG is Trading and other financial Asset at fair value through profit or loss. Comparing to loans, debt securities are more sensitive and exposed to the credit risk. However, government and corporate securities are taking larger proportion in total Trading and other financial Asset at fair value through profit or loss. As these types of securities are more stable and reliable, this credit risk is mostly mitigated. 1. 1. 2 Analysts of BIN Paris (BIN) Table 3: Capital Raising Activities (Liability Structure) Figure 4 BIN Paris is a universal bank which participates in retail and investment sectors. According to the chart shown above, the main source of Buns capital raised by raiding derivative instruments in financial liabilities at fair value through profit or loss from 2007 and took a Jumped up approximately 25% in 2008 due to Global Financial Crisis(SGF). Generally speaking, derivatives trading are carrying higher risks than other class of liabilities, such as credit risk, market risk, currency risk and interest rate risk. Because they are sensitive to the market changes and lenders are less loyal to the bank, but respectively this source of funds can generate high returns to make the bank become profitable. However, the liability structure of BIN was not constantly unchanged. In the following next two years 2009 and 2010, the main component shifted to deposits due to SGF which brought an unfavorable economy recession all over the world. This strategy of the bank intended to reduce the risk exposures via decreasing trading of risky financial instruments and more relying on deposits to raise capital in order keep the bank in a safer base during the worse recession time. The capital raising structure changed back again from 2011, noticing that unlike 2007 and 2008, the proportions of deposits and financial liabilities at fair value through profit or loss became approximately close amounts. However, derivatives trading are still playing an important role in Buns capital raising activities. Another considerable segment of liability structure is debt securities, which mainly content in government bonds, given that the amounts of issued had been increased from Ð ²?157,mom to Ð ²?211 ,mom from 2008 to 2009. You read "Analysis of banks’ performance" in category "Papers" Due to the bank changed the major capital raising activity to deposits in 2009 and 2010, meanwhile it had increased issue in debt securities in order to raise more efficient funds. This behavior can be explained that the bank was worrying about only relied on deposits as not enough and trying to diversified risks via shifting liquidity risk (from deposits) to default and credit risk. Table 4: Portfolio Asset Allocation (Asset Structure) Figure 5 The main source of investment of BIN is financial assets at fair value through profit or loss, which accounted more than 50% of total assets through 2007 to 2008. Again, this type of assets mainly consists in trading of derivative instruments, repurchase agreements afterwards and other securities transactions. In practice, derivatives trading can generate higher returns but will carry more risks because they should eave to meet what the customers’ needs and generally they are sensitive to the change of market. Therefore, the risk exposures not only content credit risk, but also put the bank faces interest rate risk and currency risk. L The second considerable segment of investment is loans which mainly comprised of loans to customers. Noticing that the amounts started increasing from 2009, which accounted up to 40% of total assets (compared to 2008 was only 25%), the portions are getting close to the main component, trading of financial assets. Throwing back to SGF and debt crisis, increased in loans and decreased in trading risky assets might be considered as a strategy for BIN to diversify its several risks as we mentioned previously but this time default risk would also be raised. However, derivatives trading are still playing an important role over these six years. In addition, available-for-sale financial assets have been significantly increased in 2009, the following year after SGF. It major contents bonds particularly in government bonds. The main reason could be government bonds are the safest investment way, however, default risk may be considered in this case. . 1. 3 Differences in asset, liability structure and risk exposure Comparing the asset and liability structure between LAG and BIN, the significant difference is the main source of the capital raising activities and asset allocations between these two banks are different. LAG is much more relying on customers’ deposits, a safer way to raise funds which allows LAG has a reliable capital base and confident level to go through the SGF in 2008 also the European debt crisis in 2010. In contrast, BIN changed its capital raising structure twice from changing the portions between derivatives raiding to raise funds on deposits in response to the impacts of SGF and debt crisis. Additionally, the core functions of these two banks are different. LAG is focusing on customers’ deposits and making loans to them. However, BIN is much more concentrating on derivatives trading in both asset and liability parts (even though it shifted the main component of capital raising activity from financial liabilities to deposits between 2009 and 2010 but derivatives transactions still played an important role during those two years. ) Overall, BIN is much more sensitive to the economy and surely it carries more risks than LAG. . 1. Impacts of SGF and Debt Crisis on Asset and Liability Structure Lloyd Banking Group (LAG) For the asset structure, due to the financial hardships that many households and businesses are experiencing, as a result of the recent economic decline in the UK. LAG committed to help customers in these challenging times, which reflective of our relationship-based approach. In Retail segment, we maintained strong level of mortgage lending to new lending, and helped thousands of customers to buy new homes. As shown in the diagram above, we can see that the total asset has increased room IEEE,mom to El ,027,mom in two years’ time. An increasing of 57. 55% reflects that with a 61. 25% increase in loans and advances to customers. There are strong levels of customer lending growth in commercial banks, corporate markets and mortgages. For the Liability side, the percentage of total liability has greater changed in 2009, which given that increased up to 56. 64%. After the SGF, the total liabilities still stand at a higher level in the following years as long as the European debt crisis occurred in 2010. Deposit, debt securities in issue and the liabilities of insurance are he three main components be affected. As LAG is the largest bank in I-J, it provides more confident for their customers. Even The bank experienced SGF and European debt crisis, deposit still bring positive effect for the group. Compare 2008 to sass’s deposits can be found that, there is 51. 46% shapely increasing during 2008-2009, due to more customers lose confident for others investment companies, also getting less people put the money for investment during such weaken economic period. That is the reason explains that why does deposit continuously grow during this period as en of the good reputation banks in British. Table 5 Besides, according to the table shown above, the issue of debt securities have greater increased due to the medium term notes issues changed, which implies that even LAG has sufficient fund to overcome the challenge during SGF, but they still restrained funds through issuing medium term notes in order to provide more fund to help their customers, Furthermore, the higher unemployment rate in UK due to SGF and European debt crisis, more people were getting to claim their insurance compensations, therefore the liability of insurance policy had also been affected. According to the balance sheet has shown, the liability of insurance policy has 60. 8% increased from 2008 to 2009. Also from 2009 to 2012, the liability of insurance still maintain in higher level. Overall, as LAG is reliable and stable bank in I-J, the main structure of asset and liability did not changed by the Crisis. BIN Paris (BIN) In regards of Buns capital raising structure had been changed twice during 2007 to 2012. The first change was in the year after 2008 SGF, the bank shifted its major capital raising activity from trading on derivatives (financial liabilities at fair value wrought profit or loss) to deposits. Considering the increased in trading financial instruments, which was the core activity to raise both total liabilities and total assets to history high respectively Ð ²?2,016,mom and Ð ²?2,075,mom in 2008. It leaded the bank with higher risk exposures as well as the leverage level had been increased due to derivatives trading is sensitive to the market and risky. Therefore the bank changed the major component of liability structure to deposits in 2009 in order to reduce risking tried to keep the bank in a safer base during the worse recession time. At the meantime, the bank increased issue in debt securities that attempted to raise more efficient funds in case of relying on deposits was not enough. In 2011 after the European debt crisis, the bank changed its core capital raising activity back to trading on financial instruments again. As an investment bank is a function of BIN Paris, the second changed of its capital structure indicated that the bank already passed the hard time and everything went back on the right track. The major component of the asset structure was financial assets at fair value through profit or loss from 2007 to 2012. In 2009 it had been decreased from 60% to 40%,but the bank increased the portions loaned to Global Financial Crisis,and this class of asset kept stable in the next following 3 years. However, trading on derivatives is still playing an important role overall. In addition, according to the increase in issue of debt securities especially in bonds had been increased in its liability structure, therefore, the available-for-sale financial assets had a greater Jumped up during the same year and gradually went down later on. Overall, the impacts of SGF on BIN were far worse than the European debt crisis. 2 PERFORMANCE Analysts 1. 2. 1 Return on Equity (ROE) Definition: See footnoted Figure 6 According to the chart, the ROE of LAG deceased seriously from 2007. In 2010 to 2012, it appeared a little recovering signal but still showing a declining pattern over these six years. During 2007 to 2008 both of the net income and total equity were decreased slightly, therefore, ROE decreased. However, even though the net income only had a little increased in 2009, but due to the total equity greatly Jumped up, the ROE decreased further. After 2010, ROE already deceased to history low given at 5. 4%, because of the negative net income as well as the total equity still stayed at higher level. The falling net income was primary to fewer increased in total operating income but greater increased in the impairment cost. The main reason could be the bank need to increase impairment cost to recover credit risk during SGF and European debt crisis. On the other hand, the size of total equity getting larger, this fact implied that, LAG was seeking more capital fund its financial activities in order to go through the poor economic period. Therefore, the ratio shown the bank experienced unfavorable profitability during those two recession periods Regarding to BIN Paris, the Return on Equity ratio dramatically decreased from 19. 6% to 6. 6% in 2008. It gradually recovered back in the next following years after SGF but it slightly dropped gain after the 2010 European debt crisis. Due to the banks main source of finance is making money via trading derivatives, this pattern of changing exactly responds to the market conditions due to financial and debt crisis, also explains that the bank is very sensitive to the market. However, compare to the regenerates drop off in SGF, the impact of debt crisis was not significant through looking at the chart. Compare these two patterns of ROE; LAG is showing a declining figure which indicates that the bank had a deeper impact by the financial and the debt crisis. On the other hand, the effect on BIN was significant only shown at the SGF period, therefore, BIN seems to has a better performance overall. 1. 2. RETURN ON ASSET (ROAR) Definition: see footnoted Figure 7 In term of Lab’s performance can be shown that, the greater decline in ROAR consists in declining of net income and total assets. The central bank cut the interest rate again and again in this recession period that encouraged more people to borrow money from bank to fund their mortgages or businesses. According to the balance sheet, the total assets sharply increased from IEEE,mom to El ,027,mom in 2008 to 2009, and then kept staying at a higher level in the following years. However, as we have analyses in the ROE part, net income decreased dramatically to negative percentages, due to total operating income did not change as lower interest rate, but the impairment cost has greater increasing in order to recover the credit risk. As a result, the net income becomes negative. Similarly, ROAR was deceasing dramatically during 2009-2011. According to the ROAR ratios of BIN, it has shown a similar pattern of trend as ROE. The ROAR sharply dropped 0. 32% in 2008 and recovered back in the next two years but slightly went down after the debt crisis. Considering that the net income of BIN in 2008 was incredibly dropped down over 60% from Ð ²?8,311 millions to Ð ²?3,millions. No matter how the total assets had a greater increased in the same year, the fluctuation of net income was the most important reason determinate the hanged in ROAR. Again, due to the bank is sensitive to the change of market parameters, we can clearly see that the worse market condition due to SGF brought a negative impact to the bank and it was far more worse than the time during the European debt crisis. In conclusion, both of two banks were decreasing in ROAR during the weak economic period in 2008. The main reason was both of them had greater increased in total asset but the net income stayed at a relatively lower level. In the following years, BIN started to recover back and maintained in a stable level, UT LAG was continuously decreasing to negative due to total asset was maintain in higher level in debt crisis period. 1. 2. PROFIT MARGIN (PM) Definition: see footnoted Figure 8 According to the graph above, LAG had strong profitability in 2007 but it declined to 22. 43% due to SGF then slightly recovered in 2009. However, as the European debt crisis developed in late 2009, the PM continuing dropped out to the lowest, shown at -59. 62% in 2011. The reason is during this weaken economic period, interest and similar income decreasing as lower interest rate, and impairment increasing. This unfavorable decreasing during debt crisis period implies that LAG undertake loss. While the PM drives the ROAR to decline in this period. The European debt crisis shrink the bank much more than during the SGF. Comparing to LAG, BIN Paris keeps its ability steady to pay expenses and generates stable net income from 2007 – 2012. According to the main capital raising activity of BIN is trading on derivatives and other financial instruments, even though the amounts of financial liabilities and assets at fair value through profit or loss were Jumped up during the year of SGF 2008. However, the net income and total operating income were historically low through 2007 to 2012, the main reason was due to both the net gains on trading financial instruments and on available-for-sale financial assets had been dramatically decreased, respectively from Ð ²?7,mom to Ð ²?2,mom and Ð ²?2,mom to Ð ²?mom, which means, even though the trading went up, but net gains were limited by the worst market condition during Global Financial Crisis. Overall, BIN is good at controlling on its expenses and net income generation compare to the performance of LAG. . 2. 4 ASSET UTILIZATION (AU) Definition: see footnoted Figure 9 The AU ratio of LAG fluctuated seriously from 2007 to 2012. Due to given the negative impact of SGF, the AU dropped continuously to 0. 71% in 2009. As we mentioned previously, the central bank cut the interest rate to encourage people to take loan from the bank. Therefore, the total asset stayed at a higher level from 2009 to 2012. However, according to low inte rest rate and also some of customers were default to pay back, the total operating income did not change much. From 2009 to 2010, AU starts to recover to higher level. Unfortunately, the AU decreased sharply again from . 17% to 0. 47% due to the European debt crisis. The AU still maintained at lower level during 2010 to 2012, because the pound was depreciated in this weak economic period, LAG faced loss in their oversea investment property and securities, consequently, the total operating income decreased to about E,mom during the debt crisis. LAG provided a declining pattern over 2007 to 2012, but again, the impact of debt crisis to the bank was greater than the impact of SGF. In term of Buns AU, it had been dropped down to 0. 46% in regards to the history low total operating income, given only Ð ²?3,mom in 2008. It recovered quickly afterwards and went back to 0. 63% in 2010. The AU ratio fluctuated by the European debt crisis again in later 2011 and 2012, however, as we mentioned above in the PM part, the Global Financial Crisis affected the bank much more than the effect on debt crisis. Comparing LAG and Buns All’s, both of them had greater effects by SGF but the impact of debt crisis was not significant on BIN. . 2. 5 EQUITY MULTIPLIER (ME) Definition: see footnoted Figure 10 In term of Lag’s ME, The figure increased nearly half of ME from 28. 4 to 44. 96 in 2008. The higher ME indicated that LAG used more debt to finance its assets which in turn increased the leverage level and risk exposure during SGF 2008. In order to reduce its leverage level, ME quickly dropped down to 23. 29 in 2009 even lower than in 2007 and gradually went down i n the following years, noticed that the ME only shown at 20. 69 in 2012. As LAG is one of the reliable and stable banks in British, even though they experienced SGF and European debt crisis, they are able to recover quickly. Regarding to the ME of BIN, it had been increased to 35. In 2008 but had a greater decreased of 10 in the following year and still gradually went down in continuous years. Considering BIN changed its liability structure twice respectively in 2009 and 2011, in which shifted the major capital raising activity between derivatives trading and deposits. BIN attempted the first change in order to minimize the risks and reduce the leverage level due to the high ME in the previous year. In 2011, after the European debt crisis, the bank again changed its major capital raising activity back to trading on financial instruments instead of relying on posits. This change had been reduced its ME ratio continuously which given that only around 20 in 2012 (the lowest from 2007 to 2012) It explains that BIN is good at controlling its leverage level and managing risks very well via adjusting the Banks structure. In conclusion, LAG and BIN have similar performance from 2007 to 2012. The ME of these two banks both had a greater Jump up in 2008 and respectively increased their risk exposures and the leverage ratios. However, the EMUS dropped quickly in later years due to both banks managed the risk via reduce their debt to enhance its assets or maintaining capital structure in order to reduce risks and leverage level. 1. 2. 6 Market Indicators Share Prices LAG Regarding LAG, the share price stays at EYE per share in 2007 to late 2008. However, due to the SGF happen at the end of 2008, the share price decreasing dramatically to around E per shares. Furthermore, the European debt crisis also happen flow the SGF, the share price decreasing further around E per share. Base on the data shows that, over these six years, the share price of LAG is decreasing around 89. 1 BIN The highest share price of BIN Paris was up to Ð ²?94. 7 per share during mid-2007, it collapsed in later 2008 and down to history low Ð ²?21. 39 per share in early 2009. However, the share price went back on track quickly in the same year, given that volatile at the range around Ð ²?50 per share until mid-2011. According to the share price pattern of BIN, the impact of SGF on the share price was dramatically huge, but the bank effectively reacted on the massive change of market, it adjusted its capital structure in 2009, such as reduced the risk exposure via decreasing the risky derivatives trading and relying more on deposits, meanwhile increased the issue of bet securities particularly in bonds, which indicated to generate more efficient cash flows in case of the deposits was not enough to rely on. Project 2 2. 2 Market Risk 2. . 1 Introduction of market risk Market risk is defined as a risk for those investors to experience economic losses of value from the affected market performances, whether it’s treatable or not. It is the risk that cannot be diversified. Some of risk factors could be observed, such as interest rates, exchange rates; there are also some factors may not be observed such as correlations which are based on statistical analysis. It includes interest rate risks, cu rrency risks, and equity risks, see footnotes. How to cite Analysis of banks’ performance, Papers

Music Of Romantic Period Essay Example For Students

Music Of Romantic Period Essay When he arrived on the scene some had suggested that effective opera after Rossini was not possible. Verdi, however, took the form to new heights of drama and musical expression. Paper is an art form in which singers and musicians perform a dramatic work combining text (called a libretto) and musical score, usually in a theatrical setting. L] Opera incorporates many of the elements of spoken theatre, such as acting, scenery, and costumes and sometimes includes dance. The performance is typically given in an opera house, accompanied by an orchestra or smaller musical ensemble. Othello is an opera in four acts by Giuseppe Verdi to an Italian libretto by Rigor Boot, based on Shakespearean play Othello. Aid is an opera in four acts by Giuseppe Verdi to an Italian libretto by Antonio Gazillions, based on a scenario often attributed to French Speleologist Augusta Marietta Hector Burlier Sere, France (near Greenbelt). Hector Burlier, as he was known, was entranced with music as a child. He learned to play the flute and guitar, and became a slaughter composer. Symphonic Fantastical Pop. 14 is a program symphony written by the French composer Hector Burlier in 1830.

Literature Definition Essays - Fiction, Style, Narratology

Literature Definition The definition of literature, in the broadest sense, is everything that has ever been written. Anything from the earliest poems of Homer, to today's web pages, can be considered literature. But for a specific sense, there are various kinds of literature. Literature can be written in a specific language, like English Literature or be written by a specific culture, such as African Literature. But literature really means more than printed words. It is considered a fine art. The word literature comes from the French phrase belles-lettres, which means"beautiful writing". When a piece of work is called literature, it is usually considered a great work of art. There are two main classes of literature: fiction and nonfiction. Fiction is writing that an author creates from the imagination. Authors may include personal experience, or facts about real people or events, but they combine these facts with imagined situations. Most fiction is narrative writing, such as novels and short stories. Fiction also includes drama and poetry. Nonfiction is factual writing about real-life situations. The principal forms of nonfiction include the essay, biography, autobiography, and diary. People read literature for a variety of reasons. The most common reason for reading is pleasure. People read to pass the time, or for information and knowledge. Through literature, people meet characters they can identify with, and sometimes find solutions for their own problems. With literature, a person can often understand situations they could not otherwise understand in real life. Often, just the arrangement of the words can be enjoyable, just as a child likes the sound of "Ring Around the Rosie", even though they might not understand what the words mean. There are four elements of literature: characters, plot, theme, and style. A good author has the ability to balance these elements, creating a unified work of art. The characters make up the central interest of many dramas and novels, as well as biographies and autobiographies. A writer must know each character thoroughly and have a clear idea about each ones look, speech, and thoughts. Motivation is the reason for characters actions. A good writer will be sure that the motives of a character are clear and logical. Setting is where a character's story takes place. The plot is built around a series of events that take place within a definite period. It is what happens to the characters. No rules exist for the order in which the events are presented. A unified plot has a beginning, middle, and an end. In literary terms, a unified plot includes an exposition, a rising action, a climax, and a denouement, or outcome. The exposition gives the background and situation of the story. The rising action builds upon the exposition. It creates suspense, or a reader's desire to find out what happens next. The climax is the highest point of interest, also a turning point of a story. The denouement is the conclusion. The theme is the basic idea expressed by a work of literature. It develops from the interplay of character and plot. A theme may contain morals, to warn the reader to lead a better life or a different kind of life. A serious writer strives to make his work an honest expression of sentiment, or true emotion. They avoid sentimentality, which means giving too much emphasis to emotion or pretending to feel an emotion. A writer of honest emotion does not have to tell the reader what to think about a story. A good story will direct the reader to the author's conclusion. Style is the way a writer uses words to create literature. It is difficult to enjoy a story's characters or plot without enjoying the author's style. The style of an author is as important as what he is trying to say. Point of view, or the way a story is presented, is another part of style. A writer may tell a story in the first person, using the pronoun I, as though the narrator were a major or minor character in it. Or, the writer may use the third person method, in which the narrator stands apart from the characters and describes the action using such pronouns as he and she. There are two types of third person views: limited and omniscient. In the third person limited point of view, the narrator describes the events as seen by a single character. In the third person omniscient, or all knowing, point of view, the narrator reports on what several characters are thinking and feeling. Reading is an intently personal art. There

Significance of travel in Bashos Narrow Road Through the Backcountry Essay Example

Significance of travel in Bashos Narrow Road Through the Backcountry Essay Example Significance of travel in Bashos Narrow Road Through the Backcountry Paper Significance of travel in Bashos Narrow Road Through the Backcountry Paper Questing for Connections to the Past Waldo Ralph Emerson said Though we travel the world over to find the beautiful, we must carry it with us or we find it not. In Bash?Is Narrow Road through the Backcountry, exactly this sentiment is realized in the literary capture of North Japans natural beauties on his Journey for poetic enlightenment and motivation. This work is the story of the Journey that Basho began near the end of his life in order to attain inspiration for writing poetry, specifically in haiku-type forms. Bash? Is chosen path mirrored that of Saigy?, a well respected monk and poet, which ran through the ocations of residence and inspiration of various other notable Japanese poets and writers. The travel tale has long been held in high public regard and is widely known as one of the most iconic pieces of Japanese literature. Basho had a fascination with nature and a rare bond with his surroundings, but by pursuing the trail first blazed by Japanese poets of old, Saigy? in particular, Basho hoped to perfect his art and find inspiration by connecting to the locations of those poets inspiration from long before, and had a much greater impact than one could have predicted. One of the early encounters with a place formerly associated with a past figure that Basho describes poetically is the arrival to the Sunlit Mountain, Nikko. Basho explains that the mountain was named Nikko by Master Kukai, a monk who started a temple on this mountain. Basho also explains the significance of the mountains name and tells of how he feels Kukai has in a way predicted and blessed their trip. Observing the mountain exemplifies what Basho is trying to accomplish on this journey as he quickly scribbles down a self-admittedly simple and quick verse. Though simple, this is exactly what Basho is looking for: an opportunity to observe hat inspired the poets of old, which gives him the motivation to write. The works of Kukai had given him the basis for which to write upon. The haiku reads yes, how brilliant! /green leaves, young leaves/luminous within and without Kukai having named the mountain as the Sunlit Mountain, Basho would have never had the inspiration to write about the luminosity of the scene. Though no direct credit to Kukai or the mountain is mentioned in the poem, there is a direct link to both. At UnganJi, Basho is inspired to write about the hut of his former Zen meditation teacher, Butcho. A slightly melancholy haiku is written about the vacant, decrepit hut. This is a deep and emotional example of the inspiration that Basho sought. Evident in his haiku is the sadness from the lost connection to his Zen master alongside the majesty of the place which he is writing about, which combine for a beautiful piece of poetry. By no other force than by physically being at the site of the hut could a poem like that have been composed. Travel not only allows Basho to connect with the site which he is describing, but alsoin a more ethereal waywith his mentors and those ho preceded him. Most renown of these predecessor poets is Saigy? It, whom Basho modeled his path after. Along the way, various of Saigy? Its poetic inspirations and sites are mentioned and seen by Basho. Basho is particularly excited by one of these moving sites; the willow tree. In the eyes ot Bash? It, Saigy? It nas been immortalized in this tree and thus, standing in the shadow of the willows leaves and branches is like standing in the shadow of one of the great muses. This is a particularly rewarding experience for him, as Saigy? It is his guide and truest predecessor. This is reflected in the excitement of his writing about the experience of standing in his shadow. Various other times throughout Bash? Its text, Saigy? Its writings are referenced to help describe scenes about which Saigy? did not specifically write, which speaks to Bash? Its keeping of Saigy?Its writings and path in his mind throughout his Journey. A connection which is undeniably deeper than that with any other poet is made with Saigy? It because of this. Various other poets and their inspirations are mentioned throughout The Narrow Road Through the Backcountry: the Shirakawa checkpoint ritten about by Kanemori and Noin, and depicted in paintings by Kiyosuke and others, the twin pines in Takekuma, written about by Noin, the sites of old poetic inspiration which Kaemon tours Basho and Sora through, and a plethora of others. All of these sites possess their own feeling and give Basho unique motivations. Some of the places provide morose poetic inspiration, for which Basho is commonly known, while others cause the poet to drift away from his common tone and write in a much more upbeat manner; a testament to the true power of the natural beauty of Japan and impact of historical poets on Basho. This variety calls to the different inspirations which Basho was seeking. Instead of maintaining a stagnant style, as many of the less-travelled poets would have, Bash? Its Journey allows him to not only write about sights that he would have never otherwise experienced, but it also allows him to connect with other writing styles that he ordinarily may not have explored, causing a stark development of his own writing style. A common thread in all of Bash? Its inspirational writers, as pointed out by Haruo Shirane in the essay Double Voices and Bash? Its Haikai in Kerkhams Matsuo Bash?Its Poetic Spaces: Exploring Haikai Intersections, is that all of these writers are considered to be reclusive poets. Though the GenJi (the famous lovers), Ariwara no Narihira and Ono no Komachi were all well recognized and loved for their classical images in Japan, Basho aligned more with these less-renown, reclusive poets (Kerkham 1 11). This points to his history in Zen meditation and his monk-like lifestyle. Bash?Its Journey connects several of the residences of the recluse poets that he idealized before and allows him to unite the poetic forms and pasts of these poets into his own. By giving credit to these poetic redecessors in his works, Basho also changed the way that the ancients were perceived in Japan; causing the known poetic standards to shift from the classic writers of old to the reclusive writers Basho modeled (1 11). This shows the impact of not only the poets on Basho, but his effect on their legacies and the subsequent shift in future Japanese literature as a result. One of the major differences between Basho and the poets he follows is that Basho does not have the religious concerns of actually being a Buddhist monk, which allows him to write more freely. The religious oets had to be concerned with the Buddhist principles of renouncing the phenomenal world in which we live, while that often times met with the conflict of their love for the splendor of nature; this is particularly true of Saigy? It (67-68). In a way, then, Basho was able to take up the task that the priest poets likely would have enjoyed taking on, in being able to truly describe the full impact of nature. By the culmination ot the te xt, Basn? It provides haikus witn a much ditterent and generally upbeat tone, which speaks to his spiritual and intellectual enlightenment and overall hift in writing attitude and style. This enlightenment has been primarily generated by the writings of past poets and their inspirations, as evidenced by his poetry, which nearly always honors the writings and poets who wrote there before him, at some level. Bash? Its questing for inspiration had much larger implications than Just his self- development into a recognized poet, as it caused a dramatic change in the perception of classic Japanese literature and had a monumental impact on the future of Japanese texts. A path once blazed in the spirit of exploration and inspiration is gain used by Basho in the same means, but to a drastically different ends, largely due to the ability of the ancients to inspire and help him develop his art into a form that led to wide acceptance and yielded recognition for those ancients. word count: 1,346 Poets long past-on The long, enlightening road An inspiration Kerkham, Eleanor. Matsuo Bashos Poetic Spaces: Exploring Haikai Intersections. 1st ed. New York: Palgrave MacMillan, 2006. 66-68; 110-112. Print. Davis, Paul, et al. The Bedford Anthology of World Literature: The Modern World, Present. Compact Edition. Boston: Bedford/St. Martins, 2009. 122-155. Print.

Jurisprudence Essay Example | Topics and Well Written Essays - 2500 words - 1

Jurisprudence - Essay Example Consequently, keeping in accordance with such traits law and the institutions that aim at implement legal systems in a social context are required to transform them so that the basic issues of individual liberty and equality can be attained or maintained. However, understanding nature of such social change is not an easy method; rather it requires substantial empathetic or farsighted observation so that pulse of such change can be perceived accurately and in this context, relevance of Jurisprudence can be realized. If an attempt is made to analyze the term â€Å"Jurisprudence†, it will be found that the word is a fusion of two words â€Å"Jurist† and â€Å"prudence†: leading a student of law to the realization that scholarly opinion or prudence of jurists is actually known as jurisprudence. According to the legal scholars like Roscoe Pound, jurisprudence is actually â€Å"the science of law† and they have contradicted opinion of legal philosophers like Austin who suggested that jurisprudence is actually â€Å"a philosophy of law† (Pound, 2002, p. 7-11). The historical development of jurisprudence, starting from ancient Greek civilization to modern time is clearly suggestive of the fact that a lot of changes have occurred in the arena of jurisprudential observation regarding society, its transformation and the scope of implementing legal principles within the ever changing scope of social domain. There are several ways that the term â€Å"law† is used i n social context. One of the major ways is that â€Å"It is used to mean the regime of ordering human activities and adjusting human relations through the systematic application of the force of a politically organized society† (Pound, 2000, p. 13). The changing nature of society and scope of legal application alter considerably mainly due to mutual interaction of people, inhabiting within a social domain. According to natural

American history Essay Example | Topics and Well Written Essays - 1500 words - 5

American history - Essay Example Walt should join this March as it was influential to the cessation of the war in Vietnam. He should join the protests because the protest was largely peaceful and led to a global phenomenon of peaceful demonstrations against the war. Given the fact that these protests and moratoria were mostly led by students and activists, Walt would be wise to join because he would become part of a major historical event whose multiplier effect led to the end of the War, 6 years later. If Walt fails to take my advice and choose to land in 1968, Walt will be faced with the Chicano Movement demonstrations. The movement led to demonstrations for a better educational reform for Mexican-American students in Los Angeles. More student demonstrations took place in L.A because the Chicano students felt there was unequal treatment in the American Educational system. Thousands of Mexican-American students from the five major schools in L.A pushed for a bilingual and bicultural education using their motto, â€Å"Chicano Power.† It will be unwise for Walt to join the demonstrations because he would be an outcast since white students did not participate in this demonstration and also because a number of protesters were injured, arrested and charged with felony. Since Walt loves politics, he should join Richard Nixon’s presidential campaigns and shun off Hubert Humphrey’s campaigns as it is not wise to align himself with a loser. At the end of the month in C hicago, police demonstrated against antiwar demonstrators. Walt should join this demonstration as it is an important part of the protests against the controversial Vietnam War. Democratic National Convention nominates Hubert Humphrey as its candidate for presidency (Provisions of the Constitution and United States Code Relating to Presidential Elections, par 5). Richard Nixon wins the November elections, which makes Walt’s support

Two of the Gospels, compared and contrasted Assignment

Two of the Gospels, compared and contrasted - Assignment Example The gospel according to Mathew begins with the genealogy of Jesus. It traces His roots of to King David through Joseph, His father. Jesus had a miraculous conception through the Holy Spirit as Mary conceived before meeting with Joseph. A star guided visitors from the east to visit Him at Bethlehem. Later on when he was two years old, he escaped with his parents to Egypt when King Herod began killing all children who were less than two years of age. He returned from Egypt after Herod died. John the Baptist announced that Jesus would baptize people with fire and the Holy Spirit. John baptized Jesus afterwards he went to the wilderness and fasted for forty days and forty nights. The devil came to tempt Jesus three times after his fasting. However, he overcame these temptations and began his mission. (Johnson 167). The gospel according to Luke begins with the annunciation of the birth of Jesus Christ by angel Gabriel, six months into the pregnancy of Elizabeth. His conception was miracul ous, as Mary did not meet with Joseph before getting pregnant. His birth was at Bethlehem in a manger. A week later, he underwent circumcision in accordance to Jewish customs, and named Jesus. Later on, he underwent purification when presented to the temple for dedication in Jerusalem and met Simeon and Prophetess Anna. At age twelve, he went with His parents to the temple in Jerusalem for the Passover Feast and stayed behind with the Pharisees. John the Baptist baptized Jesus. Afterwards, he went to the wilderness for fasting for forty days and forty nights after which the devil came to tempt Him. He began his work in Galilee, teaching in synagogues where he encountered rejection at His own home in Nazareth (Johnson 167). Write an essay explaining the significance, background, conversion, and ministry of the Apostle Paul. Christianity in the early days got a lot of opposition from the rulers of its time, especially among Romans who were ruling Jews. It brought about numerous change s in spiritual settings of everyone who heard the gospel. This led to confusion in the Roman Empire because most teachings of Christianity condemned socially accepted practices such as corruption and bribery, which were a common feature in the Roman Empire. Jesus ascended to heaven after charging His disciples with the duty of spreading the good news to the Jews and the Gentiles, and across all nations of the world. Romans disliked this confusion and persecuted everyone found spreading the gospel, or claiming to be a Christian, i.e. a follower of Christ. Saul was one of the men who had deep hatred for Christianity. He was an army general and had immense hatred for Christians. He travelled across cities of the world persecuting and killing all the Christians he came across. One day he was on his way to massacre Christians in Damascus when the Lord appeared to him in a flashing light and thunderous voice. The Lord spoke to him and asked him why he was persecuting His people. The brigh t light form of the Lord blinded him for three days where he ate or drank nothing. The Lord gave a dream to Ananias who went to pray for Saul. Saul proceeded to Damascus where he accepted salvation and became a follower of Christ. The scales on his eyes came off and he regained his sight. Saul changed his name to Paul from this day on. He became one of the biggest followers of Christianity, travelled everywhere to preach the gospel and endured all manner of persecution for the sake of the Lord. In fact, he wrote the largest number of books in the bible, i.e. the Pauline Epistles. Based on the principles and tools for interpreting the Bible given in Unit 3 (historical context, literary context, genre, etc.) and the discussion of Paul’s letters in the book and in Unit 9, explain how you

History and Development of Psychology

History and Development of Psychology DEVELOPMENT OF PSYCHOLOGY The commencement of the history of psychology is difficult to determine, essentially for the reason that it is hard to found accurately what psychology is. Instead, we can simply point that psychology is the study of the mind and its  functions particularly those disturbing comportment in a given context. One way to think about the olden times of psychology is to categorize the different theorists and theories into â€Å"sections† (or schools of thought). Each section is a manner of thinking about human mind and actions that actually dominated the field for a certain epoch until a new manner of considering psychology started to control the field. THE BEGINNINGS OF PSYCHOLOGY The most primitive origins of psychology are, predictably, found in the primeval cultures of Greece, Egypt, China and India. (Oren Lahav .Origins of psychology.Available: http://psychology.learnhub.com/lesson/3833-origins-of-psychology. Last accessed 27 January 2015.) While modern psychology reveals the discipline’s rich and diverse history, the roots of psychology fluctuate considerably from present conceptions of the field. (Kendra cherry.The OriginsofPsychology.Available:http://psychology.about.com/od/historyofpsychology/a/psychistory.htm. Last accessed 27 January 2015.) From its initial beginnings, psychology has been confronted with several questions. The initial interrogation of how to describe psychology help out to establish it as a science distinct from physiology and philosophy. Further questions that psychologists have faced all through history comprise: Is psychology truly a science? Should psychology emphasis on visible behaviors, or on inner cerebral processes? What topics and issues should psychology be concerned with? Whatresearch methodsshould be used to study psychology? Psychology itself had a long history, as a topic within the fields of philosophy and physiology. The initial psychological fundamentals are deep-rooted in philosophy. While the great philosophical dissimilarity between mind and body in western believed can be originated to the Greeks, it is to the powerful work of Renà © Descartes, French mathematics, philosopher and psychologist that we owe the concept of dualism that stated that the mind and the body were two dissimilar things that interrelate to create the human experience. (History of Psychology. 123HelpMe.com. Available: http://www.123HelpMe.com/view.asp?id=69704. Last accessed 27 January 2015). Today psychology is still related with several of the fundamental philosophical enquiries that thinkers were considering many years ago such as the correlative contributions of nature vs. nurture. (Kendra cherry.The Influence of Philosophy and Physiology. Available:http://www.netplaces.com/psychology/psychology-yesterday-and-today/the-i nfluence-of-philosophy-and-physiology.htm. Last accessed 27 January 2015). So what sorts out psychology unlike from philosophy? Early philosophers have recourse to techniques such as observation and judgment while modern psychologists made use of scientific ways to investigate and derive conclusions about human notion and actions. Early physiology enquiry on the mind and actions had an outstanding influence on psychology, essentially giving rise to the application of scientific methods to the study of human mind and behavior. (Kendra cherry.The OriginsofPsychology.Available:http://psychology.about.com/od/historyofpsychology/a/psychistory.htm. Last accessed 27 January 2015.) Psychology emerges as a separate discipline. Psychology took so long to emanate as a research-based field because it required time to mingle. Interpretating behavior, thoughts and emotions is challenging, which may possibly demonstrate why it was basically disregarded between ancient Greek times and the 16th century. (Saul McLeod. (2008). Psychology as a Science. Available: http://www.simplypsychology.org/science-psychology.html. Last accessed 27 January 2015.) So how psychology did became an independent field? Wundtian Psychology and Structuralism Psychology as a research-based subject began to spring in the 1800’s. (Saul McLeod. (2008). Psychology as a Science. Available: http://www.simplypsychology.org/science-psychology.html. Last accessed 27 January 2015.) Wilhelm Wundt (1832-1920) is recognized with founding the first psychology laboratory in Leipzig, Germany in 1879. Generally reckoned as the father of psychology, we might credit the founding to Wundt in 1874 when he composed his first textbook issued as â€Å"Principles of Physiological Psychology†. (â€Å"Early Frameworks: Structuralism and Functionalism.†(20 Sep 2014). Boundless Psychology. Available:https://www.boundless.com/psychology/textbooks/boundless-psychology-textbook/introduction-to-psychology-1/history-of-psychology-23/early-frameworks-structuralism-and-functionalism-111-12648/ Last accessed 28 January 2015). Wundt actually made use of scientific methodologies especially his primary method of research which was â€Å"introspection†. (History of Psychology. 123HelpMe.com. Available: http://www.123HelpMe.com/view.asp?id=69704. Last accessed 27 January 2015). Wundt was concerned in studying the mind and conscious involvement. He maintained the point that the investigation of mindful thoughts would be the key to know the mind. His method to the enquiry of the mind was revolutionary in that it was founded on methodical and rigorous reflection, setting the groundwork for modern psychological research. †. (â€Å"Early Frameworks: Structuralism and Functionalism.†(20 Sep 2014). Boundless Psychology.Available:https://www.boundless.com/psychology/textbooks/boundless-psychology-textbook/introduction-to-psychology-1/history-of-psychology-23/early-frameworks-structuralism-and-functionalism-111-12648/ Last accessed 27 January 2015). Introspection was a practice used by investigators to term and examine their personal internal thoughts and emotions throughout a research experience (From R. Eric Landrum. Brief History of Psychology. Available: http://personal.psu.edu/faculty/a/c/acp103/PSYCH105/brief_history.htm. Department of Psychology. Boise State University. Last accessed 28 January 2015). Introspection subsisted for a few times and is still used today in present neuroscience study; nevertheless many scientists slate the use of introspection for its lack of experimental approach and fairness. (Kendra cherry.The Influence of Philosophy and Physiology. Available:http://www.netplaces.com/psychology/psychology-yesterday-and-today/the-influence-of-philosophy-and-physiology.htm. Last accessed 28 January 2015). Structuralism Becomes Psychology’s First School of Thought Structuralism emerged from Wundts concepts. Edward B. Titchener, an English instructor who was an apprentice under Wundt’s management, elaborated upon Wundts ideas and used them to establish the theory of structuralism, which aim to comprehend the mind as the â€Å"sum of varying underlying parts†. (â€Å"Early Frameworks: Structuralism and Functionalism.†(20 Sep 2014). Boundless Psychology.Available:https://www.boundless.com/psychology/textbooks/boundless-psychology-textbook/introduction-to-psychology-1/history-of-psychology-23/early-frameworks-structuralism-and-functionalism-111-12648/ Last accessed 28 January 2015). The ultimate objective was to understand the brainpower. He assumed that if the rudimentary constituents of the mind could be demarcated and classified, then the structure of mental processes and higher thinking could be resoluted. (â€Å"Early Frameworks: Structuralism and Functionalism.†(20 Sep 2014). Boundless Psychology.Available:https://www.boundless.com/psychology/textbooks/boundless-psychology-textbook/introduction-to-psychology-1/history-of-psychology-23/early-frameworks-structuralism-and-functionalism-111-12648/ Last accessed 28 January 2015). Using Wundt’s primary method that is introspection, however with strict guidelines, Titchener’s volunteers would try to crack down their responses and reactions to the most root feelings and discernments. (Kendra Cherry. ().The Origins of Psychology.Available: http://psychology.about.com/od/historyofpsychology/a/psychistory.htm. Last accessed 28 January 2015.) Structuralism was criticized because its subject of scrutiny—the conscious experience—was not simply studied with skillful experimentation. Its reliance on introspection, despite Titcheners strict rules, was disapproved for its deficiency in authenticity. Judges claimed that self-reflection is not viable, and that introspection can provide diverse results depending on the subject. (â€Å"Early Frameworks: Structuralism and Functionalism.†(20 Sep 2014). Boundless Psychology.Available:https://www.boundless.com/psychology/textbooks/boundless-psychology-textbook/introduction-to-psychology-1/history-of-psychology-23/early-frameworks-structuralism-and-functionalism-111-12648/ Last accessed 28 January 2015). Even though the quest of structuralism mostly died with Titchener (1867-1927), he supplied a solid system of psychology which would well along be the matter and center of major alterations in psychology, resulting in a substitute approach to psychology: functionalism. (â€Å"Early Frameworks: Structuralism and Functionalism.†(20 Sep 2014). Boundless Psychology.Available:https://www.boundless.com/psychology/textbooks/boundless-psychology-textbook/introduction-to-psychology-1/history-of-psychology-23/early-frameworks-structuralism-and-functionalism-111-12648/ Last accessed 28 January 2015). Functionalism Functionalism is of great significance to the history of American psychology, for the reason that it is a system of psychology that is exclusively American. Wundtian psychology and structuralism one and the other have their origins in Germany, but functionalism is an American product. (From R. Eric Landrum. Brief History of Psychology. Available: http://personal.psu.edu/faculty/a/c/acp103/PSYCH105/brief_history.htm. Department of Psychology. Boise State University. Last accessed 28 January 2015). The Functionalism of William James American psychologist William James emerges in the mid- to late-1800s. While structuralism centered  (synonymize)on discovering the structure of consciousness and how its contents are organized and stored, functionalists were more interested in how the mind worked, what mental processes accomplish, and what role consciousness plays in our behavior. As you can see, these are two strikingly different approaches. The functionalist wanted to know how and why the mind works (as opposed to how is it structured).

Free College Admissions Essay :: College Admissions Essays

College Admissions: Essay for Stanford    As the beast ran rampant through the streets, I couldn't help but wonder if my work had been for naught. Trying to salvage any remains, I chased my dog from the room and stared at the havoc left in his wake. The city lay in ruins; the buildings were razed. The prospect of beginning from scratch was ponderous, but I instantly welcomed the challenge. With patience and determination, I began returning the small plastic bricks into their former glory; and then greater glory. Block by block I rebuilt my cities and block-by-block they built me. From these Legos I learned valuable lessons in versatility, creativity, and tenacity.    The sheer vastness of possibilities that Legos present is both intimidating and exhilarating. The colorful blocks lay strewn about in no particular pattern and no particular order. From this chaos virtually anything can be created. As a child I gradually learned not to be intimidated by the endless possibilities but to embrace them, to relish the opportunity to create something from nothing.    A preschool teacher recommended holding me back one year. Because I preferred the challenge of Legos to running about with the other children on the playground, she believed that I was socially and psychologically unprepared for school. Little did she realize that the creativity these blocks taught me became a cornerstone for the rest of my life. The seemingly insurmountable challenges gave me confidence and taught me to value cooperation. Watching my Lego edifices grow slowly but surely skyward taught me patience. Watching them fall again taught me the tenacity to continue onwards. Remembering how each task was created piece by piece allowed me to, line by line, memorize the works of history's greatest playwrights. I was able to join MEChA and help lead the Latino community as co-president, arranging events with our two hundred members. My organizational skills were further utilized as the commissioner of elections. Legos also taught me to help others and to ask for their help. I realized that with the creativity another person at my disposal, we could build things we had never even dreamed of on our own. During my senior year of High School I was introduced to crew. I was enthralled by the rhythmic grace of the sport. My dreams soon had me breathing the early morning air nearly flying over the surface of the water.