Foreign Policy 1776-1807 Dbq

During the Washington, Adams, and the Jefferson administrations, the United States was thrust into the decision of joining either Britain or France, the two most powerful European nations. In determining the effects of foreign policy on the developing nation, one must establish the overall direction of the United States took. As a budding nation, George Washington proposed the idea of neutrality in order for the country to have no involvement in European affairs. However, Federalists and Democratic Republicans were outraged by this decision since the Federalists supported the British while the Democratic Republicans supported the French. Neutrality also allowed the United States to temporarily smooth its relations with Europe because of commercial interest. Therefore, neutrality, instead of siding with either Britain or France or through their commercial interests, was the obvious direction taken by foreign policy. After witnessing and being involved in uncontrollable European affairs, the growing nation of the United States concluded that an international policy of neutrality would be the best option in the area of foreign affairs. During his presidency, Washington decided that it was best for America to stay neutral. As stated in his Proclamation of Neutrality that any American providing assistance to any country at war would be punished with legal proceedings (D). He was aware of the possible dangers that would occur when allying with a certain country. The country was too new to enter any wars or deal with wars of foreign countries. â€Å"Europe has a set of primary interests†¦Hence she must be engaged in frequent controversies, the causes of which are essentially foreign to our concerns† (J). Even in his farewell address, Washington advised the fledgling nation to not get involved in European affairs or make permanent alliances, to avoid sectionalism, and to not form political parties. After Washington resigned from office, John Adams tried to maintain the position of neutrality as the second president of the United States. He did as much as he could in avoiding war with France. Even before his presidency, in response to a proposed alliance with France, he argued that â€Å"†¦we ought not to enter into any Alliance with her [France], which should entangle Us in any future wars in Europe, that We ought to lay it down as a first principle and a Maxim never to be forgotten, to maintain an entire Neutrality in all future European Wars† (A). However, after the XYZ Affair, in which French agents demanded a large bribe for the restoration of diplomatic relations with the United States, a Quasi War erupted between France and America. The Convention of 1800, also known as the Treaty of Mortefontaine, was a treaty between the United States and France to settle the hostilities that erupted during that war (I). When Thomas Jefferson became president, it was a peaceful transition from Federalist to Democratic Republican. Despite the differences between these political parties, Jefferson also tried to maintain Washington’s idea of neutrality. In his Inaugural Address in 1801, he states â€Å"We are all Republicans, we are all Federalists† and that there would be â€Å"Equal and exact justice to all men, friendship with all nations, entangling alliances with none†¦Ã¢â‚¬  (K). Even as a last resort to the Louisiana Purchase, he told Monroe to make an alliance with Great Britain if the Louisiana Purchase did not work out. In all three of their presidencies, Washington, Adams, and Jefferson decided that it was best for the new nation to enter a state of neutrality. Despite its neutrality and unwillingness to enter war with the European nations, the United States were being forced to side with either Great Britain or France, Europe’s most powerful nations. During Washington’s presidency, the revolutionary government of France sent diplomat Edmond-Charles Genet, also known as Citizen Genet, to America to propagandize the case for France in the French war against Great Britain, which created the network of Democratic Republicans. Washington demanded the French government recall Genet, and denounced the societies. The United States were in a conflict with Britain, as the British were seizing American ships and impressing sailors. Hamilton and Washington designed the Jay’s Treaty to normalize trade relations with Britain, remove them from western forts, and resolve financial debts left over from the Revolution (F). John Jay negotiated and signed the treaty in 1794. However, many disputes rose from this decision. James Madison criticized that the treaty stated to open West India ports to the United States, yet Britain refused to follow these regulations (G). During Adam’s presidency, the XYZ Affair, which was supposed to have been the negotiation between America and France on the seizure of American ships, threw the United States into a Quasi War with the French. In the aftermath of the undeclared naval war with France, the Alien and Sedition Acts were passed, which allowed the president to deport hostile aliens, increased residency requirements for citizenship, and banned criticism of government policies or officials. After the United States’ conflict with France, Jefferson, a Democratic Republican, considered the possibility of an alliance with Britain. While Britain and France were both seizing American ships, Britain had the strongest navy and was thus able to force the American sailors into its navy (M). Jefferson believed that this conflict would cease if the United States agreed to establish an alliance with Britain. Torn between the conflict of siding with either France or Britain, the United States agreed to remain neutral. Although neutrality in the new nation was favored, there was a possibility of joining either Britain or France depending on which one was more financially beneficial. After Jay’s Treaty, which was signed with Great Britain during Washington’s presidency, Spain did not want the United States to side with the British and wanted to smooth its relations with the fledgling country. Pinckney’s Treaty, signed on October 27, 1795, established the intentions of friendship between the United States and Spain. The treaty also granted the States use of the Mississippi and right of deposit at New Orleans (H). In the Treaty of Paris in 1783, â€Å"It is agreed that the people of the United States shall continue to enjoy unmolested the right to take fish of every kind on the Grand Bank†¦Ã¢â‚¬  and that â€Å"The navigation of the river Mississippi, from its source to the ocean, shall forever remain free and open to the subjects of Great Britain and the citizens of the United States† (E). Thomas Paine stated that commerce would secure the friendship with Europe because Europe wants America to have a free port (B). Jefferson, fearing the power of the neighboring French in the Louisiana Territory, sent Monroe to Paris to negotiate the purchase in 1802. Their interest was only in the port and its environs. They did not anticipate the much larger transfer of territory that would follow. The purchase greatly benefited the United States because it granted them access to the entire Mississippi River. Also, as a result of impressments of American sailors, Jefferson established the Embargo Act of 1807, also known as the Nonintercourse Acts, restricting American ships from engaging in foreign trade between the years 1807 to 1812. Jefferson believed that without trade with the United States, Britain and France would fall into an economic crisis. However, the Europeans nations did not bother with America and traded with other countries, causing the new nation’s economy to fall. This outraged the general public, and when Jefferson left office, these acts were repealed. Commercial interest helped the United States to choose between siding with either of the European nations or remaining neutral. Throughout the Washington, Adams, and Jefferson administrations, Britain and France tried to force the United States into allying with either of the two nations. Although it was tough to maintain, neutrality was established in the country by Washington. The decision brought various problems for the budding nation, but it still stayed strong.

New England Puritans essays

New England Puritans essays The Puritans came to America to fulfill many of their Socio-cultural and political aspirations. Their main goal was to purify all the religions. Massachusetts, the town were the Puritans settled, was known as the city upon a hill for the rest of the world to see as an example. Many of their aspirations were fulfilled in many ways, even though they had to go to extremes to accomplish them. One of the first steps that the Puritans took to cleansing people so that they would be acceptable to God was to educate. By educating people, they could read and study the bible. Puritan towns had many schools as soon as 5 years after they were founded. Not only were they focused on the citizens education but the clergy as well. A continuing goal was to further education among the clergy, and so ensure that not only were the right and righteous ideas and understandings being held and expressed, but that the expressions were in fact messages received by a comprehending audience. Out of this goal came many colleges which young men attended to become a priest, including the oldest college in America, Harvard. The puritans werent interested in helping everyone, only those who were ordained by god. This caused many controversies because some who were ordained by god thought that since god had chosen them to be sent to heaven, they could do whatever they wanted and their souls wou ld find heaven. Not only were they concerned only the ordained ones, but these ordained ones had to be perfect in Gods eyes. They believed that the community had to be perfect by the words of the bible; otherwise God would not resurrect them up to heaven. If people were not following the word of god, the Puritans would expel many people or even kill them. One example of them killing for god was the Salem witch trials. There was a group of kids going around pretending to be possessed and accusing whoever t...

5 Steps in a Full College Book Review Dig into the Work at Hand

5 Steps in a Full College Book Review Dig into the Work at Hand 5 Steps in a Full College Book Review: Dig into the Work at Hand Most college students find writing book reviews rather difficult than enjoyable. It is supposed to be a thorough description, critical analysis, and evaluation of a book. Students can confuse a book review with a book report or book summary. A book review is not a narration but rather a critical analysis. Book reviews mostly focus on the themes, ideas, relevance, and limitations citing evidence from the book. In general, a college book review should present a clear and detail oriented evaluation of the quality of the book. On average, a book review should be approximately 500-1000 words. However, the word count might differ depending on the complexity and length of the book. How to Write a College Book Review Though different book reviews may vary, when it comes to a tone, style, subject and length they all have the same format. So, the steps that you should take while writing a college book review corresponds to the parts you need to work on. Read and understand a book. After you get the task to write a book review, the first step you’re recommended to follow is to read and understand the book. No additional resources can reveal totally the book content. Understand all the themes in the book and the message the author intended to communicate to the audience. Without taking this step, there is no sense to pass on. Introduce the book and its author to readers. As you understand this part is supposed to be an introduction that includes all the relevant details about the author and his or her book you’re going to analyse the name of the author, the book title and the major theme. Besides, you can add the book edition, the place of publication if this information is mentioned in the book. Give the basic information about a book. This part is called a summary in which you should focus only on the key issues in the book. There is no room for narrating the whole story. In fact, this section should not be more than 200 words. Carry out a critical evaluation. This section is considered to be a main one which is mostly targeted by examiners. Your task is to evaluate and analyze based on the author’s perspective as well as your understanding citing evidence from the book. You are free to critique or even state the limitations of the book if any. Conclude your reading. The conclusion largely depends on the evidence you have presented in the main section. It is also important to note that no new evidence can be presented in the final paragraph. Answer the question if you would recommend the book to others by underpinning your statement. With this practical guideline, writing a book review should be like a walk in the park. And each step will surely bring pleasure to you if only you follow them correctly without skipping. In   case you doubt in writing any part of a book review, you always can be supported by our quick professional help in writing. Our academic writers are ready to deal with a custom book review as required by your instructor. Start meeting academic requirements together with our expert team.

Banking Risk Management

Banking Risk Management Credit Risk Models The Black-Scholes-Merton Model There are various credit risk models, which have been proposed by researchers in order to reduce the risks associated with future transactions. One of these models is the BSM framework structured models. This model was proposed by Merton in 1974. He derived the value of an option from a company, which could default loan repayment (Merton, 1974).Advertising We will write a custom essay sample on Banking Risk Management specifically for you for only $16.05 $11/page Learn More The Black-Scholes-Merton model assumes that there is a latent firm asset value, which is determined by the company’s future cash flows. This model is used to determine the firm’s debt and equity value. This model includes components, such as risk free interest rates, asset payment ratio, and asset risk premium. Merton (1974) argues that the asset return rate and the risk free interest rates are the constants which are non-sto chastic. The model also assumes that the company’s capital structure relates to a pure equity and a single zero coupon debt, which matures within a given time. Incase of a default experienced by a company, the stock price of the defaulting firm is expected to go to zero. According to this model, the debtor is assumed to be a seller in the European put option. On the other hand, the equity holder is assumed to be a buyer of European call option (Merton, 1974). The model uses the Black –Scholes option pricing in order to determine the relationship between the equity market value and the bond market value. Shibita and Yamada (2009) proposed the BSM structural model to a bank, which was just this side of bankruptcy. This helped the bank in its recovery processes. According to Shibata and Yamada (2009), the banks choice to continue operating or be liquidated plays a vital role on the losses of the loan. They assumed that this decision should be made severally at a certain t ime after the bankruptcy. Individual-level reduced-form models This refers to the models which are not of the class of structural models. At the individual level, a reduced form model can also be described as the credit scoring one. This model was developed by Altman (1968). The credit scoring model uses linear and binomial models to regress the defaults among companies.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More It identifies various accounting components, which have statistical explanatory capability, in order to differentiate between the defaulting and non defaulting firms. After estimating the coefficients of the model, the loan applicants are given a Z-score in order to classify them as good or bad. Several decades after its proposal, the credit scoring model got a significant development. Altaman and Saunders (1998) discussed the wide spread of the individual level mode l and its major developments over the years. Altman and Narayanan (1997) evaluated the historical accounting variables used in the credit scoring models across the world. According to them, most of the studies proposed the use of financial ratios, which determine profitability, and liquidity. These financial ratios may include market value equity/debt, (EBIT)/sales as well as working capital/debt. Altman (2005) proposed a scoring system known as Emerging Market Score Model to use to define the emerging corporate bonds. Portfolio reduced form models These models were proposed by Jarrow and Turnbull (1992). According to them, the idea of these models is related to the concept of risk neutral. Risk neutral is a common technique used to predict the probability of the future cash flow. It helps in computing the asset prices by using risk neutral default probabilities. Jarrow and Turnbull (1992) used the idea of risk neutral to develop the credit risk premium which is also known as the cr edit spread. They decomposed the credit risk premium into two components. Poisson /Cox process model This is a subclass of the portfolio reduced form models. It was developed by Jarrow and Turnbull (1995), and it can be described as the simplest model of the portfolio reduced form model. In this approach, the default process is assumed to be a Poisson process with a constant intensity where the default time is exponentially distributed. Markov chain model This is a credit risk model, which was originally proposed by Jarrow et al. (1997). This model considers the default event as the absorbing state and the default period as the first period when the Markov chain hits the absorbing state.Advertising We will write a custom essay sample on Banking Risk Management specifically for you for only $16.05 $11/page Learn More Factor model This is a credit risk model, which puts into consideration two vectors of explanation variables. The first vector is a set of macr o economic variables, such as interest rate, inflation rate, money supply growth as well as GDP growth. This vector explains the systematic risk, which causes default events. The second vector involves a set of firm-specific variables, which determine individual risk. According to Pederzoli and Torricelli (2005), the variables are considered simultaneously. Conclusion The credit risk models have various shortcomings. For instance, the BSM framework structural model consists of several simplified assumption in its derivation. The simplified assumptions restrict the applied value of the model. This has made the subsequent researchers focus on reducing these assumptions. The individual level reduced form models may not pick up fast moving developments in borrowers conditions. This is because the model uses explanatory variables, which are based on accounting data. According to Agarwal and Taffler’s (2008), credit scoring models, such as Altman’s Z-score, may not be used t o forecast distress as compared to the structural models. References Altman, E 2005, An emerging market credit scoring system for corporate bonds,  Journal of Emerging Markets Review, vol. 6, no. 4, pp. 311-323. Altman, E, Saunders, A 1998, Credit risk measurement: Developments over the last 20 years, Journal of Banking and Finance, vol. 21, pp. 1721-1742. Gordy, MB, 2000, A comparative anatomy of credit risk models, Journal of Banking  and Finance, pp.119-149.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Jarrow, R, Turnbull, S 1997 A Markov model for the term structure of credit risk spreads, Review of Financial Studies, vol. 10, no. 2, pp. 481–523. Merton, C 1974. On the pricing of corporate debt: The risk structure of interest rates.  The Journal of Finance, vol. 29, no. 2, pp. 449–470. Saunders, A Allen, L 2002, Credit risk measurement: New Approaches to Value at  Risk and Other Paradigms. John Wiley Sons, New York.

Plan of Action Term Paper Example | Topics and Well Written Essays - 1500 words

Plan of Action - Term Paper Example Maria has misunderstood things here. She has put the blame upon the company on a totally different tangent altogether. There is no reason why she should be blaming the company for her poor communication skills and traits that she has been displaying over a period of time. She believes that she is being maltreated as there is a bias within the company but this is not something that has been pondered upon deeply by the people who are sitting within the helm of affairs in the company. Maria must know that any company within the business world exists to satisfy not only the customers but its internal publics as well, which comprise of its own employees who are the most prized possessions that these companies can ever have. When Maria says that the company is treating her in a shabby way, it is the bias which is reflected in her understanding and not the way in which work gets done within the domains of the organization in the long run (Kim 2002). What the company has to do in such a sett ing is to make Maria realize that she is in the wrong, and that she shall have to be treated fairly no matter what happens. However at the present, Maria has become disgruntled because she believes that she is being hard done by due to her color and Latin ancestry. The scenario could be avoided if the company took a more proactive approach and told Maria where she was lacking before announcing the promotions for the employees. This could have made the entire effort look genuine and there would not have been any resentment whatsoever.

Role as a Mentor Essay Example | Topics and Well Written Essays - 1000 words

Role as a Mentor - Essay Example Mentoring is a concept and practice that is associated with providing professional learning in health care. This practice has changed since 1970 significantly and was officially implemented in nursing in 1980. There are different tittles that are used in connection with the role of mentoring. Role of Mentors Mentoring activities are aimed at providing safe and effective skills for students in health care practice. It helps professionals provide informed guidance to students while they are in a practical situation (Martin and Mackinnon, 2007, 41). Mentors should have the knowledge and skills to hold up learners and offer secure surroundings for learning. There are roles within mentorship that overlap, even though there are distinctions between these roles. When these roles change, a clear distinction between mentoring and coaching is established. The term ‘mentor’ has changed to signify a person who guides individuals during their developmental years to progress and achieve their identity (Martin and Mackinnon, 2007, 41). The term is implemented in nursing education for students to achieve safe and effective clinical skills during their practice. The role of a mentor is to support learning in the practice situation. There are overlapping roles of a mentor; thus, he is expected to show certain characteristics during a practical situation. There are different roles of a mentor and a lecturer in that a mentor focuses on individual students in practice while a lecturer focuses on learning environment. In nursing practice, the word ‘mentor’ is defined as a midwifery or health visitor who supervises students in clinic situations. Mentors also help in facilitating learning in clinical settings. Mentors have different roles that include nurturing, role modeling, functioning, and sustaining a caring relations hip over time. Mentors should have good communication skills for them to understand the principles of adult education. The role of mentors is widely utilized, and it may appear as an obvious aspect offered to learners. Students need mentors to ensure they have safe practices. Mentors also ensure that students acquire competence in their fields of learning. In nursing and health profession mentors guide, support and act as role models to their students. It is the responsibility of a mentor to structure a working environment for learning, hence facilitating constructive and honest feedback. A mentor ought to be friendly and encourage the students while they are in a learning situation. Students who have been on placement can take advantage of mentoring by applying for that post after qualification. Mentorship enables students to attain competent practice as long as it is established on a supportive basis. It is suggested that people might benefit from having a mentor in their lives. B oth parties select this role, and the mentor can be a parent, friend, or a senior peer. Students select mentors for guidance and counseling. However, mentors identify different reasons for mentoring roles. Research has identified different roles for mentors such as guidance and counseling. Aspects for Change The mentoring process combines various factors that are effective and essential for learning. Mentors need to create an environment for learning and display leadership skills for students to emulate. The mentoring process should emphasize assessment and accountability. Establishing an effective learning environment is significant because it contributes to sufficient clinical experience. This relationship assists the mentor and students in

Religion is the Cause of War Essay Example | Topics and Well Written Essays - 1000 words - 1

Religion is the Cause of War - Essay Example Basic human nature has proven over the course of the past centuries that humans ultimately seek to be defined based upon what they are, what they are not, and how they view themselves as well is how others view them. Many times this level of distinction was defined on terms of geographical origin, ethnicity, race, gender, language, or another means of separating and defining people (Eberle, 2012). However, arguably one of the most important means by which individuals from a variety of different locations, races, languages, and/or ethnicities can be divided is with regards to the division that religion so often provides. More powerful than the determinants which have already been listed, religion divides people based upon a nebulous belief system. Due to the fact that personal belief is almost invariably tied to worldview in the way that the individual perceives their surroundings and the reality in which they live, the reader can come to a basic understanding and realization for why such a multitude of many different religions, schisms, and splinter groups exist within the current paradigm. Accordingly, rather than stating that religion is the root cause of all global conflict, it will be the understanding that this analysis will point towards and defined that religion is one of the primal motivators for both current and past conflict. Due to the powerful way in which religion unites a wide variety of individuals from different walks of life, races, ethnicities, languages, and geographical origin, it represents one of the more dangerous aspects of the means by which individuals to find themselves and â€Å"the other†. One does not need to look very hard in order to identify some of the ways in which religion of the past has helps to motivate individuals to commit heinous atrocities. For instance, even a cursory review of tissue of the Abrahamic faiths, Judaism and Islam, illustrates a number of instances recorded in their respective holy books in which t he followers of these religions were encouraged to commit unspeakable atrocities upon heathens/nonbelievers/infidels or any other such group that their supposed deity commanded that they destroy. Although opponents to such an understanding of religion would merely point to the fact that this occurred many thousands of years ago and cannot be understood as representative of current faith and the means by which war is waged, one need look no further than the situations around the globe represented within the following: the Bosnia conflict, the war in East Timor, the war ensued on, repression of minority religious groups in countries as diverse as Iran, Egypt, Mali, Burma, India, Armenia, as well as a host of others (Eberle, 2012). Ultimately, although religion can be a powerful force for good in the world, the fact of the matter is that it all too often is hijacked as a means of differentiating one people group from another, encouraging one form of strife directed at another, or merel y making one group or entity feel somehow superior to another (Henne, 2012). In such a way, religion can be seen as the ultimate division whereby elements of classism, racism, and a host of other judgments are included as a means of defining who is ultimately worthy of life and who is not. In such a way, it can easily be understood by the reader why religion has a powerful role in encouraging violence towards other groups and/or nations that can somehow be dehumanized by a given belief system. This has of course happened far to many times within the past as religion has been used, and still is used as a motivator to create something of a faceless enemy which can more readily be destroyed without questions of conscience.