What Led to the Civil War Essay Example for Free

What Led to the Civil War Essay During the 1800’s, slavery in America became a bigger and bigger issue and discussion. The North opposed slavery and thought everything about it was wrong. Whereas the South felt slavery was an essential part of their lives, and that without it they would not survive. In April of 1861, during the first month of the Civil War Alfred M. Green delivered a speech to his fellow African Americans to join the Union forces of the North. Green uses allusions in his speech to help persuade his fellow African Americans to join the Union forces. Green felt that if anyone should be fighting in a war for freedom from slavery, it should be African Americans. He states, â€Å"My country, right or wrong, I love thee still!† Meaning regardless how wrong the South’s actions were or could be at times, Green and his people would still love them and fight for what was right. African Americans needed the extra boost of confidence, and Green was just that. He says, â€Å"Let us, take up the sword, trusting in God, who will defend the right†¦Ã¢â‚¬  By bringing in this statement of faith this made the tone more comfortable and reassuring, as if God was on his side, and would do the right thing in the end. The passion and drive of Green would overall have a great impact on African Americans. Green says, â€Å"Remember, too, that your very presence among the troops of the North would inspire your oppressed brethren of the South†¦living God the God of truth, justice and equality to all men.† This created a new confidence for the North and slaves that wanted to make a difference in how they were being treated. Given these points, Green uses personal experiences and emotion to help

Advanced Microeconomics Essay Example for Free

Advanced Microeconomics Essay Question 1: Consumer Theory 1.1: In both the Marshallian and Hicksian consumer optimisation problems, it is assumed that consumers are supposed to be rational. The main focus of these problems are cost minimisation and utility maximisation, which play a huge part in consumer demand, but in real life, these are not the only problems that are considered. Also, it is assumed that every consumer’s indifference curve for two goods would be the same – they are very generalised models, and do not take into account other factors. For example, not many consumers would spend their entire budget on said goods – one thing to consider would be a consumer’s marginal propensity to consume and save. Though both of the problems provide a framework and model of consumer decisions, they are not plausible when applying them to real-life terms, because we have imperfect knowledge. 1.2: The expression given in the question, is the rearranged derivative of the Hicksian demand being equal to the Marshallian demand, when income from the budget constraint is equal to minimised expenditure, whereby m=ep, ÃŽ ¼. This is given by: dDdp= dHdp- dDdm . dedp using m = e. Shephard’s Lemma provides us an alternative way of deriving Hicksian demand functions, using e. It is given by: dedp= x* It is important to note that e is strictly increasing in p, due to Shephard’s Lemma, and x* 0,by assumption. Substituting this into the above expression gives: dDdp= dHdp- dDdm x*  This expression now represents a complete law of demand, as it has combined both Marshallian and Hicksian demand, whereby income from the budget constraint of Marshallian demand, is equal to minimised expenditure of Hicksian demand. Therefore, it has maximised utility and minimised cost simultaneously, to create an optimal quantity of demand in x*. The first term, dDdp, means that Marshallian demand (maximising utility) increases, relative to the price of the good. dHdp represents the Hicksian part of the expression, whereby expenditure is minimised, relative to the price of the good. Question 3: Adverse Selection, Moral Hazard and Insurance 3.1: Insurance markets are needed when risk is present. Risk occurs when there is uncertainty about the state of the world. For example, car drivers do not know if they will crash their car in future, and suffer a loss of wealth – so they would purchase insurance to eliminate this risk of loss, and protect them if they were to ever crash their car. Agents (buyers of insurance) will use insurance markets to transfer their income between different states of the world. This allows insurance markets to trade risk between high-risk and low-risk agents/states. These can be described as Pareto movements. A Pareto improvement is the allocation, or reallocation of resources to make one individual better off, without making another individual worse off. Another term for this is multi-criteria optimisation, where variables and parameters are manipulated to result in an optimal situation, where no further improvements can be made. When the situation occurs that no more improvements can be made , it is Pareto efficient. A condition for efficiency is the least risk-averse agent bears all the risk in an insurance market. If a risk-averse agent bears risk, they would be willing to pay to remove it. A risk-averse agent has a diminishing marginal utility of income; whereby his marginal utility is different across states, if his income is different across states. The agent would give up income in high-income states, in which his marginal utility is low, to have more income in low-income states (e.g. bad state of the world causing a loss of wealth), where his marginal utility would be high. If the insurance market is risk neutral, they will sell insurance to the customer, as long as the payment received is higher than the expected value of pay-outs that the insurer is contracted to give to the customer in different states of the world. Whenever the agent bears some risk, unexploited gains from trade exist. Absence of unexploited gains from trade is a requirement in an efficient insurance market, therefore the situation must arise, whereby the agent’s income is equalised across the states of the world. A risk neutral insurance company can charge a premium to equalise the agent’s income across states of the world, in the best interests of the risk-averse agent. Also, for an insurance market to be  efficient, a tangency condition is implied. The tangency of the indifference curves of a risk-averse agent, and a risk-neutral agent, is where efficiency occurs. At this point, one cannot be made better off, without the other being made worse off (Pareto efficiency). However, an insurance company will never be completely efficient in real life, as information asymmetry exists. The first type of information asymmetry to arise in an insurance market is moral hazard, whereby the actions that an agent may take after signing the contract cannot be observed. This gives the company a trade-off decision between giving full insurance or offering incentives for the agent. Full insurance is first-best in the absence of asymmetric information, when the insurance company is risk-neutral and the agent is risk-averse. However, if the agent is fully insured by the company, they have no reason to prevent a bad state of the world from happening. To solve this problem, the insurance company will not offer full insurance, in order to provide the agent with an incentive to avoid losses. The second type of information asymmetry to occur in an insurance market, is adverse selection. This is when the agent has private information about his risk type and characteristics, and agents in the market are heterogenous. As the insurer doesn’t know which agents are high-risk or low risk, the company will not offer different types of full insurance to match risk-types, as high-risk agents will prefer contracts that are designed for low-risk agents. To solve this, the insurer will offer low-risk agents less insurance – this ensures that high-risk types do not have the incentive to choose a contract for low-risk customers, as they will want more insurance, because they know they will need to claim more. This ensures that the insurance company maintains non-negative profit, as high-risk individuals cost more to insure. However, these solutions carry agency costs, because the result is less efficient than if symmetric information was present. I believe that risk neutrality of an insurance company is a sufficient condition for insurance to take place. Insurance companies are risk-neutral to maximise expected profits, therefore as the principal, will design contracts to achieve this, as well as making certain that the agent picks the desired effort (i.e to prevent a bad state of the world) for that contract, and to make sure that the agent even picks the  contract in the first place. Making sure incentives are compatible, and ensuring participation by the correct risk types, are constraints on maximising expected profits. If an insurance company was risk-averse, without the availability of symmetric information, they cannot differentiate between different risk-types, and therefore would not want to take on the risk of possible high-risk agents buying low-risk contracts. They would charge a higher premium to offset this, which would discourage low-risk customers to sign a contract with the company, as it would not be maximising their own utility. This would lead to a missing market, where trade would be prevented, because other risk-neutral companies would offer better contracts, and they would be able to steal all the low-risk customers. The magnitude of this would depend on the number of low- and high-risk people in the population. This leads me to believe that risk neutrality is also a necessary condition for insurance to take place. 3.2: An insurance company will sell a policy, c, r, if it makes non-negative profits, then:  Ã¢â€ â€™ r-pic ≠¥0,  where c = payout, pi = probability of the loss state, r = premium. Competition in the market drives profit down to zero, therefore r-pic = 0 in equilibrium. For the contract to be at equilibrium, it must satisfy two conditions: the break-even condition, whereby no contract makes negative profits; and absence of unexploited opportunities for profit, because if there was a contract outside of the offered set, with non-negative profit, would mean the offered set is not in equilibrium. If all agents are homogenous, if all agents face the same probability of loss, pi=p, insurance companies would know each buyer’s pi. The firm must maximise each agent’s utility subject to the firm breaking even. This would be at the point of tangency of the agent’s indifference curve and zero-profit constraint. This would be in equilibrium as another profit-making polic y could not be offered. Therefore, as they can observe agent’s risk types, they can offer different policies, to different types: ÃŽ ¸i= ri, ci. It follows that each is offered full and fair insurance. In real life, heterogeneity is usually the case. This is when pi varies with all individuals. Assuming that there are two types: high-risk types, H, and low-risk types, L, where the probability  of loss for H is higher than for L. Individuals know their own probability of loss i=H, L, but insurance companies are unable to observe this. In this case, there are two different kinds of equilibria that insurance companies could opt with: the candidate pooling equilibrium and the candidate separating equilibrium. The pooling equilibrium is where all risk types buy the same policy. In contrary, the separating equilibrium is based on each risk type buying a different policy. In the pooling equilibrium, if both H and L risk-types choose the same policy, the probability of loss is p and the probability of no l oss is 1- p. Therefore, the slope of the ‘aggregate fair-odds line is -1-pp. The pooling contract must lie on this line to be in equilibrium, to ensure the firm breaks even exactly. The contract must also ensure both types want to buy it – it must take both L and H to higher indifference curve than the indifference curve they would be on if they stayed uninsured. Agent L ends up below his fair odds line, and H above his, which means L pays more than expected costs, and H pays less – both pay the fair pooled premium, but H claims on the policy more. So if L prefers to buy the contract, so will H. This leads me to believe both L and H will be able to get full insurance, though it’s not completely fair, as the firm does not need H to choose a different policy to remain breaking even. However, this brings to mind the notion that if full insurance is offered, the agent will not have the incentive to prevent a loss state. Therefore, less insurance will probably be offered, and as both risk types are paying the same premium of the same policy, neither will receive full insurance, as it impossible to differentiate between the two – they will both choose the same policy offered. In the separating equilibrium, one contract would be offered to L, and another to H. Each risk type must prefer the contract designed for that type (i.e. the incentives must be compatible). The contracts offered should give each type the highest possible utility, subject to the firm breaking even. If full insurance contracts were offered to both L and H, where their respective indifference curves are tangent with their respective zero-profit constraints/fair-odds lines, low risk customers would prefer the policy designed for them, but high-risk customers would also prefer the same policy, not the policy designed for them. So they would not both be offered full insurance, as this gives rise to the problem of preventing H from imitating L – low-risk agents are cheaper to insure for the firm (claim less  often) so they get a better rate. Therefore, instead of offering L full insurance, they are offered C, which is still on their fair odds line, but on a lower indifference curve, still ensuring the zero-profit constraint. Now, if the high-risk agents were to choose between the policy designed for them, and C, they will choose the policy designed for them, because they prefer to have more insurance for less money. So, in conclusion, in the separating equilibrium, high-risk (H) customers receive full insurance, and low-risk (L) customers only receive partial insurance – they pay the price to prevent H from imitating them. L is worse off than if there was symmetric information in the market, but no difference to H.

Analysing A Struggle To Maintain Faith Religion Essay

Analysing A Struggle To Maintain Faith Religion Essay Eliezers battle with his faith is a commanding conflict in Elie Wiesels Night. In the introduction of the work, his faith in God is unconditional. On page 4, when asked why he prays to God by Moishe the Beadle, Elie answers, Why did I pray? . . . Why did I live? Why did I breathe? His belief in a supreme, compassionate God is unconditional, and he cannot imagine living without faith in  a divine power. However, this faith is shaken by his experience during the Holocaust. Initially, Eliezer truly believes that god is everything and that nothing could be possible without god, but his faith is challenged by the traumatic events that cross his path during the holocaust. After the hanging of the pipel on page 65 in the end of Segment Four, Wiesel writes: Where is God? Where is He? someone behind me asked. ..For more than half an hour the child in the noose stayed there, struggling between life and death, dying in slow agony under our eyes. And we had to look him full in the face. He was still alive when I passed in front of him. His tongue was still red, his eyes were not yet extinguished. Behind me, I heard the same man asking: Where is God now? And I heard a voice within me answer him: Where is He? Here He is-He is hanging here on this gallows. . . . The Holocaust and its traumatizing images put Elie Wiesels faith into question through the end of the novel. Initially, Eliezers faith is a result of his studies in Jewish mysticism, which teach him that God is everywhere in the world, that nothing could exist without God, that in fact everything in the physical world is a reflection of the divine world. In other words, Eliezer has grown up believing that everything on Earth demonstrates Gods divinity and strenth. His faith is put into the idea that God is everywhere, all the time, that his divinity touches every aspect of Eliezers daily life. Since God is perfect, his studies teach him, and God is everywhere in the world, the world must therefore be perfect. Eliezers faith in the goodness of the world is hopelessly destroyed by the cruelty and evil he beholds during the Holocaust. He cannot imagine that the concentration camps inconceivable, revolting brutality could possibly reflect divinity. He wonders how a compassionate God could be part of such debauchery and how an all powerful God could permit such savagery to take place. His faith is also shaken by the mercilessness and greed he sees among the prisoners. He might have been able to maintain the belief that humankind is essentially good if he didnt see that the Holocaust exposes the selfishness, evil, and cruelty which everybody-not only the Nazis, but also his fellow prisoners, his fellow Jews fall victim to. If the world is so wicked, he feels, then God either must be equally wicked, he or must not exist at all. Though this awareness suggests a massacre his faith, Eliezer manages to retain some of this faith throughout his affairs. In moments during his first night in the camp and during the hanging of the pipel, Eliezer does grapple with his faith, but his struggle should not be confused with a complete desertion of his faith. This struggle does not belittle his belief in God, but it is actually crucial to the entity of that belief. On page 4, When Moshe the Beadle is asked why he prays, he replies, I pray to the God within me that He will give me the strength to ask Him the right questions. Questioning is also crucial to the idea of faith in a higher power. The Holocaust forces Eliezer to ask terrifying questions about the nature of good and evil and about whether God exists, but the very fact that he asks these questions reflects his commitment to  God. Only in the lowest points of his faith does he turn his back on God. Even when Eliezer says that he has given up on God completely, Wiesels constant use of religious metaphors undermines what Eliezer says he believes. Eliezer even refers to biblical passages when he denies his faith. When he fears that he might loose his father, he prays to God, and, after his fathers death, he expresses regret that there was no religious memorial. At the end of the book, even though he has been forever changed by his Holocaust experience, Eliezer emerges with his faith intact, so according to Wiesel, without a faith in God, there is no faith present at all. According to him, without God there is no faith and without faith there is no God. I agree with Elie Wiesel completely, because the ideas of God reside in our ability to be good outright people and to make right decisions. We can still do that without a belief or faith in God, but we cannot justify our actions without the faith that in return for our actions we will be rewarded when our time comes. Without that, o ur lives have little meaning during our lives and no meaning at all after that.

Living Wills Essay -- legal document life support terminal illness

Living Wills, sometimes called Advanced Directives, are legal documents accepted in all 50 states. They clearly define a person’s wish to decline life-support or medical treatment in certain circumstances, usually when death is imminent. Generally, a living will takes effect when a person becomes terminally ill, permanently unconscious or conscious with irreversible brain damage. A living will also allows a person to state with particularity the forms of treatment are wanted and not wanted. For example, if a one does not want artificial life support, then sign the living will stating that desire. It is also important to discuss your beliefs and wishes with you family, spouse and other people whose opinions you respect, such as clergy, physicians, attorney or an accountant. Living wills are recognized in every state, but each state has different requirements. If someone is interested in making a living will, contact an expert in the state that you live in, such as a hospital, local agency on aging or local bar association. To help ensure that the living will be honored, give copies to family members, physicians, lawyer and other involved in caring for the person’s welfare. Federal law now requires most health care facilities (hospitals, nursing homes, HMOs and home health agencies) to ask patients if they have a living will or would like to complete one. Can Medical Care Legally Be Stopped If There Is NO Living Will? When there is no written document, a spouse or close family member may still request that treatment be withheld if the patient cannot do so, but the request could be denied. The way states and health care providers handle such cases varies widely. Typically, a doctor or hospital representative will meet with a person’s family to discuss what that person’s wishes were. In some cases a health care facility may want to withhold or provide life support against a family’s wishes. In some cases a formal hearing may be held to determine how to proceed. How To Make A Living Will The rules for preparing a living will vary from state. Some states require that the document be signed with the same formalities required for execution of a will, but many state recognize the effectiveness of more informal declarations. Generally a living will: Should Be in Writing. Should Be Signed and Dated. Should Be Signed Voluntarily Should State Sp... ...tain types of treatment in various health-care situations. Some of the options are explained below: DNR – â€Å"Do Not Resuscitate† order (DNR) simply states that if you are deemed by a physician to be terminally ill, you do not wish to receive cardio-pulmonary resuscitation (CPR) if your heart stops beating or you stop breathing. You feel that CPR will be futile or will serve to only prolong your life. Surgery – If you become terminally ill, you may not wish to have surgery, es-pecially if that surgery is elective or if it life-prolonging in the case of imminent death. For example, a terminal cancer patient may not wish to have minor surgery, such as a tonsillectomy if they have tonsillitis. If you are writing your own will, you may want to make your wishes regarding surgery case specific, you have the ability to state what YOU want. Pain Medication. A living will should address the types of medication you wish to have administered and under what circumstances. Respirators – Respirators are a means of artificial respiration for patients who cannot breathe on their own.. If you disagree with the means or â€Å"artificial† medical treatments, these should be address in the living will.

The Admirable Qualities in Puritans Illustrated by Anne Bradstreet and Cotton Mather :: essays research papers

According to Mrs. Anne Bradstreet and Mr. Cotton Mather, I think Puritans have some admirable qualities, such as the relationship with the family - especially Mrs. Bradstreet with her husband, and she was trying hard to be a great mother. In addition, Mr. Mather was strong and powerful person even though his life was darkened by disappointment and tragedy. He tried hard to make a difference for his life. From Mrs. Bradstreet's poem - 'To My Dear and Loving Husband', she had a really good relationship with her husband. Her husband and she loved each others a lot, you can tell from 'If ever two were one, then surely we. If ever man were loved by wife, then thee' (To My Dear and Loving Husband, Anne Bradstreet, P. 263). In addition, she missed her husband when he went to work for public employment and she wanted him to come home. In ?A Letter to Her Husband, Absent upon Public Employment?, she wrote she missed her husband and she could see him in her head, my heart, my eyes, my life and ever more. She would be home and welcome him when he comes back (A Letter to Her Husband, Absent upon Public Employment, Bradstreet, P. 264). In another poem, she showed that she could not live without her husband. She wrote she wanted her husband and her lived in one house, like a couple of mullets living in one river until the die (Another [Letter to Her Husband, Absent upon Public Employment], Bradstreet, P.264). I think Mrs. Bradstreet loved her children more than herself even though when her children grew up and left her alone. In her poem, she wrote that she had eight birds - which were her eight children, after they grew up they left one by one and live with their partner. However, she must nurse them to grow up even though she had to take care of them twenty-four hours by seven days (In Reference to her Children, 23 June, 1659, Bradstreet, P. 264). She would not let her children get hurt by any chance, she would protect them forever. In the poem, she wrote that I bred you with my pain, I fed you with all my care because I wanted to keep you soft and warm. I opened my wings to protect you off from harm.

Analysis of Anthem for Doomed Youth Essays -- essays research papers

Wilfred Owen the son of Tom and Susan Owen was born on March 18, 1893, in Oswetry, England. He was educated at the Birkenhead institute and at Shrewbury Technical School. At the age of 17, Owen began to show an interest in arts, and poetry. He worked as a pupil teacher at the Wyle Cop School while he was preparing for his exam to attend the University of London. After he failed the entrance exam he worked as an English teacher in the Berlitz School in Bordeaux. Wilfred Owen was a famous British war poet in World War I. The horrible violence of war turned Owen into a poetic genius. In a two-year period during the war, Owen published only four of his poems, and grew from a negligible minor poet into a famous English-language poet. His poems were antiwar poems of his life in trench warfare. This poem starts off at a quick pace, and then continues to slow down to a solemn and sombre close. Throughout the poem the traditional feel of an elaborate ceremonial army type style funeral is constantly being compared and I believe contrasted to ways in which men died in war. The title ‘Anthem for Doomed Youth’ , with anthems I see that they are mostly are more associated with love and passion , like with an anthem of a country which talks about how much they love their country. And for this poem title I find it very ironic. I think it is a way which Owen shows how he thought the war was very ridiculous. ‘Anthem’ is a song that is sung in churches by choirs or could mean a celebration. The word ‘Doomed’ it symbolises death and brings to mind the image that the soldiers are on their journey to hell. The word ‘Youth’ is used to remind us that the soldiers were only young men. The opening line ‘What passing bells for these who die a... ...d have no elaborate funeral. The theme in this poem as you can see is: the horror in war and how sad it really is on the front line. Back at home we think that they are fight for the country but when you really think about it they are fight for one person’s belief that we should rage war against the other country. I am happy to know that I will never be on a front line in battle and I don’t intend to be but to all those families out there I really feel your grief and loss because it has happened to me too. My personal opinion about this poem is that is just really amazing especially how he put it together it just fits, and it has so much meaning in each sentence of the poem and as I read it over and over again its really a good poem and he is quite lucky to have a found all this pieces just fit together so perfectly and I cannot wait to start reading more poems.

The Last Rajah Ratan Tata Case Study

Among Asia's business titans, Ratan N. Tata stands out for his modesty. The chairman of the Tata Group — India's biggest conglomerate, with businesses ranging from software, cars, and steel to phone service, tea bags, and wristwatches — usually drives himself to the office in his$12,500 Tata Indigo Marina wagon. He prefers to spend weekends in solitude with his two dog sat a beachfront home he designed himself. And disdainful of pretense, he travels alone even on long business trips, eschewing the retinues of aides who typically coddle corporate chieftains.But the 69-year-old Tata also has a daredevil streak. An avid aviator, he often flies a corporate Falcon 2000 jet around India. And in February he caused a sensation at the Aero India 2007 airshow by co-piloting Lockheed (LMT) F-16 and Boeing (BA) F-18 fighter jets. Tata's business dealings reflect the bolder side of his personality. In the past four years he has embarked on an investment binge that is building his gr oup from a once-stodgy regional player into a global heavyweight. Since 2003, Tata has bought the truck unit of South Korea's DaewooMotors, a stake in one of Indonesia's biggest coal mines, and steel mills in Singapore, Thailand,and Vietnam.It has taken over a slew of tony hotels including New York's Pierre, the Ritz-Carlton in Boston, and San Francisco's Camden Place. The 2004 purchase of Tyco International's(TYC) undersea telecom cables for $130 million, a price that in hindsight looks like a steal,turned Tata into the world's biggest carrier of international phone calls. With its $91 million buyout of British engineering firm Incat International, Tata Technologies now is a major supplier of outsourced industrial design for American auto and aerospace companies, with 3,300 engineers in India, the U.S., and Europe.The crowning deal to date has been Tata Steel's $13 billion takeover in April of Dutch-British steel giant Corus Group, a target that would have been unthinkable just a f ew years ago. In one swoop, the move greatly expands Tata Steel's range of finished products, secures access to automakers across the U.S. and Europe, and boosts its capacity five fold, with mills added in Pennsylvania and Ohio. Now, a new gambit may catapult Tata into the big leagues of global auto manufacturing: The company is said to be weighing a bid for Jaguar Cars and Land Rover, which Ford Motor Co. (F)wants to sell. On top of all this, the group plans $28 billion in capital  investments at home over the next five years in steel, autos, telecom, power, chemicals, and more.â€Å"We rescaled our thinking in terms of growth,† Tata says over tea at Bombay House, the group's headquarters since 1926, a tranquil oasis with well-worn marble floors, a vast collection of modern Indian art,and staffers who circulate with bowls of vanilla ice cream every day at 3 p.m. â€Å"We just forced and cajoled our businesses to make this happen.The forcing and cajoling has worked brillia ntly.The market value of the 18 listed Tata companies has swelled to $62 billion, from $12 billion,since 2003. Group sales and profits have doubled, to $29 billion and $2.8 billion, respectively.