Asian Wars and Battles

The Financial Crisis Since The Great Depression - 1276 Words

In 2008 the United States experienced the worst financial crisis since the Great Depression in the 1930s, primarily because of the bursting of the U.S. housing bubble and increasing default rates on subprime mortgages which caused the price of house to increase once a high amount of loans were given out by banks to potential homeowners. Securitization played a big role in this because of how risky the regulations are and the giant corporate companies that are truly fluctuating and controlling the market. At the peak of the financial crisis new specialized mortgage lenders and securitizers came along unrestricted by government regulations which resulted in an extreme number of foreclosures and the stock market to plummet.†¦show more content†¦Asset backed - securities, which is the name for securitization of mortgages, is where sub-prime mortgages and securitization had a major role in the 2008 financial crisis. After the year 2000 banks became a lot less strict on who t hey would grant loans to mainly because they wanted to make more money. Banks standards decrease a lot so if someone wanted to apply for a loan and buy a house they would not even have to document their incomes one hundred percent, the client could just state it without full verification. Subprime loans, where banks mortgage loans to people with good or bad credit, is exactly what happened between the years 2000-2006. When the big private corporate companies are mentioned, those are the banks that essentially contributed to causing the crisis. Once the recession finally struck in 2007 those loans as subprime loans that were given out to the citizens with bad credit, they defaulted on those loans eventually leading to the foreclosure of their homes. The banks used securitization during this time to liquidate the mortgages and put all the pressure on the private investor so they would not have to take the hit once the homeowner defaulted. Because banks kept relaxing on the loans, mortgages became in demand so citizens kept applying for loans but they did not realize they all that these corporate banks were

An Analysis of The Clod and the Pebble by Sir Francis Blake free essay sample

â€Å"The Clod and the Pebble† Sire Francis Blake compares selfish and unselfish love through interesting and thought provoking interpretations. These viewpoints are obvious through Blake’s indication of their states of innocence and experience. His first entity, which is a clod, says, â€Å"love seeketh not itself to please†(Blake 3). The second interpretation, which is given in the form of a pebble, reasons, â€Å" Love seeketh only Self to please†(Blake 11). The clod is depicted as a selfless, passionate emotion whereas the pebble is a vain, arrogant and selfish sentiment. We can assume that the author has a lot of experiences when it comes to love, possibly writing this poem in a period of romanticism, but cannot assume he is the speaker. The different perspectives of love in the poem lead the reader to believe that there are two speakers. The Clod may perhaps be of a feminine viewpoint, which is understandable after reading â€Å"Nor for itself have any care† and â€Å"Trodden with cattle’s feet†, where love is unselfish and sacrificial (Blake 2). We will write a custom essay sample on An Analysis of The Clod and the Pebble by Sir Francis Blake or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The pebble gives off a sense of authority gained from experiences while it mocks the innocence of the clod. The abrupt use of â€Å"But† provides a change to the sweet and harmonious tones of the first stanza, while the phrase â€Å"a pebble of the brook† represents it is a hard and unmovable object, learned from its experiences. Specific words such as â€Å"care† used by the clod and â€Å"bind† used by the pebble are what make the feminine/masculine tones understandable. The beautiful and artful personifications of the content clod and pompous pebble create a clear understanding in contrasting the representation of the selfishness and selflessness of human nature in love.

Overview of Invictus Essay Example For Students

Overview of Invictus Essay Outline four causes of conflict in South Africa during 1990’s as seen in the stimulus. Conflict can be seen as a common occurrence in a group process. In many instances it is seen to arise whenever there is a disagreement among different members of a particular group due to differing opinions. Clint Eastwood’s Film Invictus thoroughly conveys the concept of conflict between the ‘blacks’ and ‘whites’ caused as a result of the apartheid system of racial segregation, a good visual example in the film was the separation of black and whites in the football game, This conflict within the football field let alone South Africa is seen to occur in the film due to differing of opinions and individual differences as it is seen that distinct characteristics such as ones skin colour has caused a stigma and opinions of negative stereotypes put upon a whole group causing overall conflict. The conflict in South Africa was also caused by ineffective communication, as the film depicts a country with two racial groups that evidently never exchanged productive conversation of any kind, which in turn disabled groups to see differing point of views. This lack of communication between groups is observed to have created conflict as no positive communications were made, only leaving room for mixed messaged. Varying values was another key concept that was observed to cause conflict as the ‘whites’ and ‘blacks’ had differing beliefs, morals and attitudes which was affected by the prior Apartheid system. The difference of beliefs and morals was seen to cause a divide between groups in the film as the Afrikaners are observed to be ashamed and degrade the new ‘black’ president comes into power, whereas black Africans reveled and highly valued the new president. The prior example also exemplifies the incompatible goals within groups that evidently caused conflict. The different goals between the ‘whites’ and ‘blacks’ evidently causes a separation as they are focused on achieving entirely opposite goals, This led to conflict as the achievement of one groups goal, for example the black Africans success of gaining Mandela as a President interferes with the Afrikaans goals, further dividing and creating disagreement between groups. Describe the leadership style used by nelson Mandela in the movie. The film Invictus depicts Nelson Mandela as a Transformational leader as he is continuously seen to inspire several groups with a vision of the goal ahead and instilling faith, This characteristic of a transformational leader is seen in the scene of Mandela’s first day of office as the former presidents staff are called to a meeting by Mandela after he observes them packing their belongings due to their assumption that they will lose their jobs. He interacts with the group by creating open communication and creating a trust formed by honesty as he begins to instill faith in them in the meeting by stating that their differences would not get in the way and that it is put in the past and encourages the idea of group cohesiveness to attain those with a mutual goal for the future. He makes it a point that not only does he want the groups help, but ultimately needs it, this shows his ability motivate the group as he establishes them as an integral part of the entire goal, ultimately leaving them feeling empowered and with more responsibility for the task at hand. He ensures to encourage them that if it is not in their hearts it is ultimately their choice to leave but if they were to stay, if they work to their capabilities he promised he will do the same. This overall shows him commitment to the group not only as individuals but his commitment to the outcome that the groups create. Invictus once again portrays Mandela as one with many traits of a transformational leader. World Trade Center - Movie Summary EssayThese are all features that Mandela embodied which was crucial in his success to inspire the torn country of the vision ahead turn the devastating effects and racial separation as a result of the apartheid. Assess the effectiveness of this leadership style in helping to resolve conflict situations. Transformational leadership was a style that Mandela chose to manifest as he led the country. He used this form of leadership as it allowed him inspire and instill a vision through optimism, which brought positivity to the whole country that was essentially in a devastating state. This form of leadership was effective as it meant that Mandela modeled the core values that he was trying to instill in the country, which was essentially harmony. Throughout the film we observe him epitomizing the positive values which are seen several times to inspire those around him. Thus ultimately motivating those with negative attitudes to follow his more optimistic footsteps which in turn one by one begins impacting those around him to alter their attitudes and perceptions which aided the success of Mandela’s goal to rid of racial separation in South Africa. Transformational leaders in this case Mandela are Innovative visionaries that are confident in their ability. This is observed in the film as Mandela uses an unconventional way to pursue his goal. This creativeness is exemplified as Mandela uses Rugby to Move his country to achieve his ultimate vision and goal of harmony within the country, which in turn is deemed successful as it removes the differences between separate groups, ultimately removing the deep seeded separation between the groups and successfully achieving his overall goal of setting aside the differences. These types of leaders are known for being highly interactive with groups and Mandela was an impeccable example of this. He was a leader that was flexible as not only did he motivate and encourage those around him he also ensured that he sought advice and considered the opinion of all individuals that wanted to be heard. Although Mandela was known for his ability to be flexible and consider the opinions of others he also had the ability to decipher and become assertive when he knew it was necessary as it would ultimately benefit the country. This is seen as Mandela listens to a colleagues opinion on his choice regarding the rugby team but chooses to stand firm and pursue his original plans as that’s what he truly believes is ultimately the right choice that will not only benefit his goal but the country as a whole. His ability to be a flexible leader and great interpersonal skills, ensures that he fully understood what the county wanted and needed giving him an idea of the opinions of the South African society. This allowed him to create strategies and instill plans that not only he thought was needed but also was what the South African’s wanted to see , ultimately having positive impact on the country by addressing the issues between differing groups to ultimately dispose of the conflict. We can evidently observe that Mandela’s form of transformational leadership was an effective choice as the strategies that he used eventually settled the differences and conflict within the opposing groups in South Africa to create a country of Harmony. This shows us that the the form of transformational leadership successfully aided Mandela to successfully his overall goal to mend a divided country.