During the Industrial - Free Essay Example

Sample details Pages: 5 Words: 1486 Downloads: 6 Date added: 2019/04/16 Category History Essay Level High school Tags: Industrial Revolution Essay Did you like this example? During the Industrial, the world and future were changed but at what cost. The quote, â€Å"It was the best of times, it was the worst of times (Dickens 1)†, represents the revolution for its ups and downs. The Industrial Revolution was a very good step forward in history but also includes many bad aspects. It was a great time because many businesses figured out how to use different machines and strategies to make production faster and different. But, because of this, they learned how to make more products for less, therefore, they also made many cheaper products. Many of the machines helped business and production but there were also a large number of other inventions that made everyday life easier. The Industrial Revolution was a time where many new, life-changing inventions were invented and old ones were innovated. Alexander Graham Bell was one person that has changed the whole world. He invented the first telephone in 1876 and since then it has been changed into a whole new idea but it all started with his idea. Don’t waste time! Our writers will create an original "During the Industrial" essay for you Create order There were hundreds of people who tried to claim Bell’s invention and there were multiple lawsuits filed against him but none were ever successful (â€Å"Alexander Graham Bell†). His idea was so sought after by many people because everyone knew that this would become the most useful way to communicate. Bell started a telephone company and it was perfect because his invention immediately became a high-demand item. The telephone became so popular, so quick, that 100,000 people had telephones within 10 years of it becoming available to the people (â€Å"Alexander Graham Bell†). The phone because so popular because everyone wanted to communicate the easiest way possible, and so they did that by getting a telephone. Trains were another big invention that changed the world. They made transportation for the whole country completly different. In 1801 Richard Trevithick made a carrige to 70 men and 10 tons of iorn using steam. Then in 1804, he invented the the never-invented locomotive that works on rail roads (Model of Richard†). By him inventing the steam locomotive, with the help frome some othere peoples ideas, he made transportation easier for people and good during the industrial revolution and today. The locomotive could pull a 25-ton train and would normally have a speed of around 5 miles per hour. But the locomotive could reach abut 16 miles per hour if it was not pulling a 25-ton train (Model of Richard†). Throughout the Industrial Revolution, mass production became more popular led to more efficient production, cheaper prices, and faster transportation which was a large step in history. This helps us today because we still use that same core idea with some slight adjustments of how mass production was back then versus today. Henry Ford made the decision that his company would only produce Model Tees from 1908 and so on. Ford took the essence of the best features of his cars. The consumers that were buying his cars would not understand how simplified production is when they only manufacturer one model. This production worked efficiently and Fords company agreed that if they charged less for the cars then they would not be financially functional, so they worked to make the cars good quality. The Model T was a very popular car show Ford was correct with his idea. Many different Praises came from many different sources including praise from the US Board of Tax Appeals said it was a good car (DiBacco 126 and 127). Ford understood that making many, cheap cars needed updated production methods and that is why he became so successful. Ford was one of the few companies that took part in mass production many other companies would still manufacture cars in a workshop with a small group of people (Nardo United States 62 and 63). The Model-T was the cheapest car that you could buy and was the best value. Because its price was so low, this car had such high demand. The great price and great value cause this to be a very popular and sought after product for most people (DiBacco 127). Mass production was still a fairly New Concept to many manufacturers, but Ford took much success out of mass production. Within one year Ford sold almost 800,000 Model T’s, and half of the cars in the US were Model T’s. This continued on for many years after with a similar success rate. In a little over 10 years, 15 million Model Ts were sold, and he changed the auto industry forever (Nardo United States 63). By Ford changing what car he sold, the design, the price, and how it was produced, he made transportation easier. Also, many other people also started using his general idea which was very impactful. Although mass production was a positive aspect of the Industrial Revolution, child labor was one part of the process that was extremely unacceptable. As the revolution started, child labor became a main factor for sweatshops. It became normal and excepted by people almost everywhere. And there were few to no laws regarding, or preventing child labor (Woog 24). In sweatshops, children would perform a wide variety of tasks, something so simple and others being as complex as adults jobs. their jobs would include sorting buttons, running errands, and threading needles if they worked at it Shirtwaist Factory. Children were hired in the sweatshops for many reasons. Children would not have to be paid as much as adult workers and also their small hands and enthusiastic energy would make the jobs much easier than if they were adults (Woog 24). Some of the children were physically abused which gave them some other physical problems. in the US and Britain, even if there was a small problem, there were very intense consequences for the workers. For example, some workers would get their head shoved in a bucket of water if they fell asleep. they would fall asleep because they were forced to work for long periods of time (Nardo Workers 61). In industrialized nations, the United States and Britain, the abuse is like long work days, fatigue, accidents, and punishments were not something that was hidden. These abuses would continue to occur even when people would want to stop them (Nardo Workers 64). This treatment seems very extreme, and it, but this was very normal during the industrial revolution. This is why this time period was the worst of times from some perspectives. This harsh treatment was not only occurring towards children. It would happen to adults too. These adults were most likely new immigrants that came into the country and just wanted to make some money for their family. The â€Å"With Drops of Blood† campaign was written about the history of industrial workers of the world. It says how since June 1905 people have been trying to stop the growth of industrial workers that are treated horribly and not paid enough. The campaign lists what the I.W.W. members have gone through such as murder, imprisonment, starvation, they have been beaten, deported, kidnapped and so on (Haywood). This continues on to list some more in-depth mistreatment experiences. People were murdered and so they wrote â€Å"Samuel Chinn was so brutally beaten at the county jail at Spokane, Washington, that he died from the injuries† or â€Å"Anna Lopeza, a textile worker, was shot and killed, and two other Fellow Workers were murdered during the strike at Lawerence, Massachusetts.†(Haywood) This campaign shows how so many workers were killed and treated horribly. The I.W.W. was trying to stop this abuse with this campaign because it was not so dreadful that people were letting this happen. The fact that workking conditions were very horrible and there were long, draining hours is not ideal but the dicipline oof the workers definely intensified. I would not matter if they would work in a textile factory or a small sweatshot, they would still be worked more than they ever should have (Hopkins 52). If someone was to work in one of the mines during the Revolution, you would work the day shit most likley everyday. The day shit would last 12 hours and you would have some time to eat your dinner. There was not a night shift for the miners and they would leave a bit earlier on saturdays, but those were the only reaonable parts of working a a miner (Hopkins 59). In conclusion, many aspects of todays world were created and invented but at a large cost. The suffering of all of the children and workers that made America as advanced is it is today is something that we cannot change take back, but it something that we are grateful for. This is why the quote, â€Å"It was the best of times, it was the worst of times (Dickens 1)†, is one that describes this period of time so perfectly. Our country might go though another Industrial Revolution but if we do, lets hope that we do not have to torture so many people to advance our country.

Persuasive Essay On The Armenian Genocide - 949 Words

What would happen if the world shared a single religion, culture and ethnic background? It would not be nearly as diverse and complex which is one of the many things that gives the sense that people set their own standards and values for themselves. That should be a right that no one should be able to take away. The Armenian Genocide was a genocide as defined by the UN Resolution 260 A III, in which Armenians were killed and tortured in whole or in part, by intentionally inflicting life-threatening conditions that would bring about their ethnic destruction in whole or in part, and by forcing them to migrate their children from one group to another. I. The killing and torturing of Armenians in part or whole defines the UN Resolution 260 A†¦show more content†¦2. â€Å"The bodies, some of which had been mutilated, were left for vultures or wild animals to pick apart. Even in death, dignity and respect were denied† (Whitehorn, â€Å"Victims†). 3. â€Å"The great massacres of 1894–1896, followed by others in 1909–1912, constituted a profound shock to the Armenian community, which was stripped of its land, ancestry, and culture† (â€Å"Armenian Genocide†). C. Many Armenians had to witness family, friends, and loved ones suffer as they were exterminated. 1. This was a testimony of Deli Sarkas, a man who lost his mother, father, and brother to the Armenian Genocide, â€Å"I stepped into a totally empty shell. Where once it had been full of life, now there was absolutely nothing. I opened my mouth to call out for my mother and father and my brothers, hoping that by saying their names out loud I could conjure them up from the dead. But 1 was mute... (Rowe). 2. â€Å"Ungor stresses a continuous policy of Turkification beginning with the expulsion of the Greeks, the Armenian Genocide, and massacres of Syriac communities and, in the mid-1920s and 1930s, by the killings, deportations, and mass deaths of hundreds of thousands of Kurds† (Chorbajian). 3. â€Å"In 1906 Boghos Nubar, heir to his fathers title and family fortune, took the lead, along with a group of wealthy Armenians in Egypt, to found the Armenian General Benevolent Union (AGBU) in Cairo, Egypt. Growing out of the concern for the tens of thousands of Armenians made destitute by the massive lossShow MoreRelatedOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 PagesPHILADELPHIA Temple University Press 1601 North Broad Street Philadelphia, Pennsylvania 19122 www.temple.edu/tempress Copyright  © 2010 by Temple University All rights reserved Published 2010 Library of Congress Cataloging-in-Publication Data Essays on twentieth century history / edited by Michael Peter Adas for the American Historical Association. p. cm.—(Critical perspectives on the past) Includes bibliographical references. ISBN 978-1-4399-0269-1 (cloth : alk. paper)—ISBN 978-1-4399-0270-7

Barclays Bank Investment ARM

Question: Discuss about the Barclays Bank Investment ARM. Answer: Introduction: Hammerich and Lewis (2013) opined that corporate strategy allows the company in creating value across the business industry. Furthermore, corporate strategy also allows the company to incorporate competitive strategy based on RC lesson relates to business that can create unit and add value. This particular assignment firmly focuses on exploring the corporate strategy with a special case study of Bonuses and Gaming at Barclays Bank. The key aim of this assignment is to explore cultural web of Barclays Banks investment arm. Moreover, issues and problems that faced by the bank currently also explain here. The main aim of this study is to identify and explain the changes that can correct the current issues and problems for Barclays bank in future. Cultural Web Analysis of Barclays Banks Investment Arm Barclays Paradigm: Barclays was established around three hundred and twenty years ago. London Quakers founded this organization. The organization expanded into investment banking from traditional banking. Bob Diamonds, CEO of Barclays, sudden resign from his post made Rich Ricci, the owner of the Barclays investment banking, very sad (Johnson et al. 2013). In addition to that, another special employee of organization, Jerry del Missiers exit also shaken Rich. Despite of all this depressing occurrences, Rich knew that all these changes were directing to a bigger organizational change (Ali and Azmi 2014). A interest rate rigging outrage at Barclays makes the partition or contracting of its speculation keeping money arm more probable, given more prominent administrative and political interruption and the exit of the trio of venture financiers at the highest point of the bank. Organizational Structure: The organizational structure of Barclays promotes collaboration within a group but competition against the others. The basic power of the organizational culture is cantered to the management executives but the employees also gets to state what they feel (Mossop et al. 2013). Therefore, in some the power is decentralized. Rituals and Routines: The normal employees of the organizations very much keen in participating in the changes. The employees gets a handy bonus from the organization so they keep quiet about the issues that matters less (Williams and Conley 2015). Stories: As per the analysis done by Mike Trippitt, analyst at Oriel, the flight of Bob Diamond ought to disperse a significant part of the emotive issue connected with a correction of administration's methodology far from investment banking. The battleground between investment bankers and conventional bankers normally concerned pay and assets. The reward round in a investment bank is the most essential time of year. Miss the point and the business disentangles; pay an excessive amount of and benefit is shot to strips. In an all inclusive establishment, the retail and business brokers regularly, perhaps dependably, feel that excessively numerous of the speculation benefits are being paid to staff and definitely disdain the way that investment bankers rewards are greater than their own (Taibbi 2013). As far as it matters for them, the speculation brokers dependably expect that the administration needs to fabricate the investment side at little to no cost. Symbols: The business was at that point reshaping under weight as benefits have been crushed from holding more capital for their exercises, the euro zone emergency cuts incomes and shareholders need broker pay cut. English banks must discrete and "ring-fence" household retail managing an account from less secure territories (Model 2015). In present environment, the organization handled the exit of two major management executives and carrying on the innovation activities extensively. This proves that Barclays is capable of handling risky situations. Shareholder power: The shareholder pressures on Barclays could prompt to broader pressure on the bank to move its plan of action far from investment banking and change perceived disappointments in its business culture (Benniemaclean.com 2017). Control Systems: The investment bank's 3 billion pound benefit a year ago spoke to 53 percent of the Barclays add up to. Be that as it may, controllers have been uneasy (Johnson et al. 2013). It developed for the current week that Britain's money related controller cautioned the Barclays board in February that its way of life was excessively forceful and must change. Explanation of the Problems and Issues Facing the Bank Less Amount of Revenues than Other banks: Enhancing return to the equability initiates with the Barclays top line. The process of turning the dollars into bottom-line profits is associated with the quantity of capital Barclays brings relative to its assets. In terms of raw dollar items, the bank falls short than most of the banks. In addition to that, the percentage of the assets is also low (Tima 2013). The table 1 demonstrates the point, evaluating individual bank's straggling 12-month revenues with the complete assets as of 31st December 2015. The higher the resulting rate, the more noteworthy the bank's capacity to create income from its benefits. Barclays raises the back at only 2.34% (Jenkins 2017). Bank Revenue (TTM) (billion) Total Assets (billion) Revenue/Total Assets Barclays $38.80 $1,660 2.34% JPMorgan Chase $93.50 $2,352 3.98% HSBC $59.80 $2,410 2.48% Table 1: Compression of Banks (Source: Jenkins 2017) Bonus Culture: Bonus culture is another issue in the Barclays Investment Banking. Barclays was condemned for keeping on paying high rewards to staff even after the money related emergency of 20082009. BBC's Panorama ascertained that in 201011 installments to shareholders had added up to 1.4 billion while installment of rewards for staff added up to 6 billion (Johnson et al. 2013). Martin Taylor met on the Panorama program, contended that, basically, shareholders were sponsoring the installment of rewards and that the extra levels were unjustified. Underperformance of BZW: Another issue in the Barclays was underperformance of BZW or Barclays de Zoete Wedd under overcrowded and competitive marketing. Martin Taylor proposed to board that BZW lacked scale in an increasingly global market and that Barclays should exit investment banking (Johnson et al. 2013). The board did not acknowledge the contention, trusting that Barclays expected to additionally build up its speculation saving money. They did, be that as it may, capitulate to financial specialist weight on the moderately low returns being created from BZW and chosen to discard its corporate back business, leaving an accentuation on exchanging, Bob jewel's region of mastery. Martin Taylor resigned in 1998. Changes Should Be Made to Correct the Cultural Problems at Barclays in The Future: Providing purposeful Leadership: Through providing a purposeful leadership, Barclays can model the culture from the top down. In addition, serving as good examples, pioneers have no less than three extra means through which they can cast a more drawn out shadow: correspondence, group elements and ability administration (Wood and Hooper 2014). It is the duty of the leader for managing the talent as per the new culture. The leaders must concern of the fact that the effort of reshaping the culture ought to be composed around groups as principal work units, with a change procedure centered at the group level. Numerous pioneers have encounter executing another technique and structure and are moderately skilled at doing as such (Ferraro and Brody 2015). In any case, few viably utilize the majority of the assets available to them to reshape the hidden culture so it adjusts to and bolsters the business' new concentration and structure. Genuinely Changing Individuals: It is essential for developing a new culture in Barclays that all the employees along with the leaders of the organization must embrace the change. It is not wise to force change on other people. Genuine and enduring individual change happens just when individuals capably encounter diverse methods for getting things done and prevail at them (Wood and Hooper 2014). In Barclays work on culture change with monetary administrations associations, we have found that the best approach to make an enduring impact on people about the estimation of the fancied individual changes is through experiential learning. For instance, banks seeking after a cross-offering procedure and far reaching client mind system require people who can work together crosswise over hierarchical limits. Developing Flexibility in Uniformity: Defining and endorsing different sub cultures within the Barclays several business areas will enhance the process of establishing new cultures (Ferraro and Brody 2015). Each of these zones is organized in an unexpected way, works contrastingly and faces diverse market flow. Likewise, innovation constitutes a half and half sub-culture it is particular, yet cuts crosswise over authoritative limits, empowering plans of action and interfacing the back, center and front workplaces. Conclusion: The Barclays Investment Arm has gone through many critical phases after appointing Bob Diamond as the Chief Executive Officer. The reactions of the employees of the organization after the resignation of CEO prove that the culture of Barclays was neither energetic nor suitable for the workers. The organizations put many efforts in recovering its image from the scams it has made. Re-shaping the brand image was one of the most significant factors of the organization in terms of getting hold in the market. It was not possible without a stable organization. Therefore, the organization took the decision of being stable while re-modeling brand image. References: Ali, M. and Azmi, C.W.N., 2014. Isl?mic Finance Benchmark: A Possible Solution Revisited.Journal of Islamic Business and Management Vol,4(2), p.116. Benniemaclean.com. (2017).Bennie Maclean : News. [online] Available at: https://benniemaclean.com/news.asp?ID=3440title=What%92s_really_going_on_at_Barclays%92_investment_bank._Two_charts [Accessed 12 Jan. 2017]. Ferraro, G. and Brody, E.K., 2015.Cultural Dimension of Global Business. Routledge. Hammerich, K. and Lewis, R.D., 2013.Fish Can't See Water: How National Culture Can Make Or Break Your Corporate Strategy. John Wiley Sons. Jenkins, J. (2017).The Biggest Problem With Barclays PLC Stock -- The Motley Fool. [online] The Motley Fool. Available at: https://www.fool.com/investing/general/2016/04/21/the-biggest-problem-with-barclays-plc-stock.aspx [Accessed 12 Jan. 2017]. Johnson, G., Whittington, R., Scholes, K., Angwin, D. and Regnzr, P., 2013.Exploring Strategy Text Cases. Pearson Higher Ed. Kohn-Wood, L.P. and Hooper, L.M., 2014. Cultural competency, culturally tailored care, and the primary care setting: Possible solutions to reduce racial/ethnic disparities in mental health care.Journal of Mental Health Counseling,36(2), p.173. Model, C.W., 2015. Cultural analysis and strategy formulation. Mossop, L., Dennick, R., Hammond, R. and Robbe, I., 2013. Analysing the hidden curriculum: use of a cultural web.Medical education,47(2), pp.134-143. Taibbi, M., 2013. Everything is rigged: The biggest price-fixing scandal ever.Rolling Stone. Tima, J., 2013.Information system service design and customer service delivery at Barclays Bank of Kenya(Doctoral dissertation, University of Nairobi). Williams, C.A. and Conley, J.M., 2015. The Social Reform of Banking. InResponsible Investment Banking(pp. 235-250). Springer International Publishing.