Does the efficient market theory apply on the FOREX market Essay

Does the efficient market theory apply on the FOREX market - Essay Example If the trend is looking upwards, the person â€Å"B† will buy the stock. In both cases, both persons got to the same conclusion of buying the stock of the same company, but their methods were entirely different. The person â€Å"B† does not even have to visit the company to do the technical analysis. Now implying the same method on the foreign exchange market, we can deduct whether the efficient market hypothesis is workable in the FOREX market or he not. For that we need to know the basics of the efficient market hypothesis. The efficient market hypothesis can be viewed as having three levels or stages; the weak form, the semi strong and the strong form. The weak form or the weak stage states that the price of the security or stock at any point in time reflects the true value of the stock, meaning that we cannot predict the stock’s movement from the price of the stock. All the values or the fundamentals of the company (all the negative and positive aspects) are already reflected in the stock price; therefore it is useless to do the fundamental analysis. All the publicly available information has been incorporated in the stock price. The semi-strong form or stage of the hypothesis states that the current stock price reflects all the available public information and the prices instantly change to reflect the new public information. The third stage of string form efficient states that even the insider information cannot affect the stock price. 3. Rationale for the chosen topic My reason for choosing this topic is the huge appeal in the foreign exchange market. The greatest portion of finance is in the foreign exchange by volume. The reason for this trade’s usefulness is that every trade of goods, stocks, bonds, gold silver and the like... The aim of this discussion is to decide whether the efficient market hypothesis is applicable to the foreign exchange market or not. We will try to analyze a small portion from the history of the price fluctuations of the US Dollar Vs the Euro. We will see how the figures react against the technical analysis. We will test their validity and present our conclusion. My reason for choosing this topic is the huge appeal in the foreign exchange market. The greatest portion of finance is in the foreign exchange by volume. The reason for this trade’s usefulness is that every trade of goods, stocks, bonds, gold silver and the like is done through currency and there comes the conversion process. That is why it is so prevalent that to escape the ups and downs of the foreign exchange becomes impossible. The other rationale is that I’m interested in both the fundamental and technical analysis. I believe in the perfect fusion of the both. One important thing for the efficient market hypothesis to be effective is the assumptions, which serve as the rationale for it. One of the assumptions is that a large number of market participants are constantly analyzing the stocks and bonds. They do it on their own, independent of each other. This gives a more subtle and objective evaluation of the security.

Quality Management in the Hotel Escargo Essay Example | Topics and Well Written Essays - 250 words

Quality Management in the Hotel Escargo - Essay Example The essay "Quality Management in the Hotel Escargo" talks about the management strategy of the Hotel Escargo and how the hotel manages with prevention and appraisal costs. The writer argues that prevention costs should be ranked first before appraisal costs. This statement is true because business enterprises are required to first institute mechanisms to keep defects from occurring during the production process. Appraisal costs will arise when striving to detect defects through inspections, tests, and audits. I agree with the fact that most companies allow 10-15 percent to the prevent costs in typical situations; however, prevention costs should be maintained above 70 percent of total costs of quality. Olson argues that the in the ideal situation, the proportion of prevention is highest among the total costs of quality. Prevention costs that the management need to consider include quality planning, check-in and check-out system development and management, workforce training and employee development. Appraisal costs relevant to Hotel Escargo include room cleaning and inspection expenses, administering customer feedback survey, and room service audits. I agree with the writer of the assessment appraisal costs should be ranked second after prevention costs. The problem statement clarifies that there are aspects in check-in and check-out systems that need to undergo improvement. The management intends to develop a new process that is characterized by efficient and convenient in serving customers.

At Kearney Luxury Report Essay Example for Free

At Kearney Luxury Report Essay October 2010 Confederation of Indian Industry The Mantosh Sondhi Centre 23, Institutional Area Lodi Road New Delhi – 110003 India Tel: + 91 11 24629994-7 Fax: + 91 11 24626149 Contact: Amita Sarkar, Senior Director (amita. [emailprotected] in) Jaya Gupta, Deputy Director (jaya. [emailprotected] in) A. T. Kearney Limited 1st Floor, Future Capital House Peninsula Corporate Park Ganpatrao Kadam Marg Lower Parel (W) Mumbai 400 013. India Tel:+91-22 4097 0700 Fax:+91-22 4097 0725 Contact: Neelesh Hundekari, Principal (neelesh. [emailprotected]); Hemant Kalbag, Vice-President (hemant. [emailprotected] com); Pameela Pattabiraman, Manager (pameela. [emailprotected] com) Subhendu Roy, Manager (subhendu. [emailprotected] com) This report has been jointly produced by Confederation of Indian Industry and A. T. Kearney Limited, the contents of which are meant only for information purpose of the reader. Readers are advised to conduct their own investigation and analysis of any information contained in this report, and not rely on the information contained in this report for any purpose. Neither Confederation of Indian Industry, nor A. T. Kearney make any representation regarding the accuracy or completeness of such information and expressly disclaim any or all liabilities based on such information or any omission thereof. No part of this report may be reproduced or distributed without the prior written consent of Confederation of Indian Industry and A. T. Kearney Limited. Copyright: CONFEDERATION OF INDIAN INDUSTRY. 2010, and A. T. KEARNEY, INC. 2010 iv FOREWORD The Luxury industry in India is no longer a new comer. Like many other industries in India, it is of great interest to both international and Indian players. International brands see India as an emerging luxury market which could become a significant part of their portfolio tomorrow. Indian companies also see the growth at the top end of the market as an opportunity to introduce premium offerings. This enthusiasm was reflected in the first moves of several iconic international brands in the last 5-7 years. Indian companies have also seen the opportunity and a handful of players are now very active in the space. Apart from luxury products such as watches, apparel, accessories, large Indian five star hotel chains, fine dining and spas, apart from luxurious houses, the latest luxury cars and yachts have expanded the definition of luxury. The Confederation of Indian Industry (CII) and A. T. Kearney have been active players in the luxury space. CII through its National Committee on Retail has played an active role in trying to create an industry forum for players in the luxury industry. CII brought the industry together to help organize the industry and create a forum for dealing with issues of common interest. A. T. Kearney, apart from serving clients in the luxury industry has also contributed to providing a robust fact base and perspectives on realizing the potential of the industry through their first study in 2007 (The Economic Times A. T. Kearney India Luxury Review 2007). Just when the industry was showing signs of coming of age in 2007, from the third quarter of 2008, the global recession dampened the hopes of the industry. The industry suffered internationally, and that acted as a brake on the emotional euphoria for a good 9-12months in India as well. Several players used that time to consolidate their position, right size their business, restructure real estate deals and become fitter. A few others suffered. Now with positive signs in the Indian economy, optimism about the industry is on the rise, as demonstrated by heightened market activity and consumer spending. However, key issues such as a relatively new market, duties, access to quality real estate etc continue to pose a challenge to exponential profitable growth. A few key questions keep bothering CEOs in the sector: How to make the luxury business a successful proposition in India? How big is the market really? When will the market be fully ripe? What operating models work and do they need to be customized for India? Given this backdrop, CII and A. T. Kearney decided to team up and take stock of the industry and address key questions that current players, potential entrants and other stakeholders have about the industry. Our desire was to study and understand the major changes in the industry in the last 3-4 years and the implications of these for the future of the industry.. With this end in mind, over the last three months, we conducted an exhaustive and comprehensive research of the industry. The A. T. Kearney team collated and analysed large amounts of data, interviewed several industry leaders and luxury consumers to develop all round insights on the industry. The report establishes the growth trajectory for the industry over the last three years, takes stock of the opportunities and the potential as well as the continuing challenges that it faces and estimates the likely potential over the next 5 years and recommends actions for industry players to undertake. We believe that this report will serve as an important step in the industry’s v journey of growth. It clearly confirms that the hope in the potential of the Indian luxury industry is not misplaced, that there is still a huge latent demand in the market and that India will be an important market and player on the global luxury platform. While the hope in the potential remains undaunted even after the recession, infrastructural and regulatory issues continue to impede the development. Like in all other sectors, though we are confident that the Indian industry will discover a uniquely Indian way of converting them into opportunities. We are grateful to all the industry leaders and consumers who spent time with us in sharing their perspectives and validating our hypotheses. We hope this study will act as a milestone in the evolution of the Indian luxury industry and will take the collective understanding of the industry a few steps forward. Confederation of Indian Industry A. T. Kearney vi EXECUTIVE SUMMARY Over the last two decades, post liberalization in the 90s, the new maharajahs of business have created some serious wealth in India. This new found prosperity has attracted luxury brands that were looking for new engines for growth to make up for slow growth in their traditional markets. While most industries are now coasting along smoothly, the small and emerging luxury industry players have not stopped reflecting on the past to ask some fundamental questions about the market. This report attempts to answer these questions through a wide and deep coverage of all segments of the luxury market in India. To get the most credible answers, we adopted a robust methodology with a large element of primary interviews and extensive data collection. We collated data from a variety of sources to size the market and understand the growth rates over the last few years. Indian Luxury Consumer passport to the elite segment of the society and conspicuous consumption is their way of announcing it to the society. The children are the bigger spenders, having been educated abroad and hence familiar with brands and the luxury way of living. Traditionally wealthy families/large industrialists: This group comprises two sub-segments the first is the traditionally wealthy families who have been consuming luxury for several decades and go for the finer things in life. The other sub segment comprises the promoters of some very large businesses which have come up in the last two decades and have created a disproportionate amount of wealth very quickly. Corporate executives: Senior executives of corporate India who are paid in excess of INR 1 crore (USD 225,000) and bankers who earn big bonuses epitomize this category. These executives are well traveled and are aware of brands. Most of this segment consists of people who are in their mid-late forties and represent some of the brightest minds in the country. Many of them though have come from middle class backgrounds and hence have a conservative approach on conspicuous spending. Other segments include self employed professionals, young professionals, expatriates, politicians and bureaucrats. A correlation between the size of the luxury market, the GDP/capita, number of HNIs and HNI wealth over the years 2004-2009 shows that in terms of importance the number of high net worth individuals is the most important driver. Interviews with leading luxury brands in India point to the fact that family wealth is a stronger determinant of spending than household income. The masstige phenomenon can also be observed very clearly in India. Luxury products in India are appealing to, and purchased by, middle-class consumers that do not fit the typical profile of an elite consumer segment. While Indian consumers talk about exclusivity, uniqueness and appeal to personal taste, the majority of the market is still far away from this and brand/logo/badge value drive luxury purchases very clearly. That said, traditional attributes such as high quality, heritage, longevity, the â€Å"stories† associated with brands are beginning to emerge as drivers of purchase. The mindset is still that of an â€Å"aspirer† not that of a â€Å"connoisseur†. The Indian luxury consumer is young 30-45 years old. While the average Indian luxury customer values High Quality, Exclusivity and Social Appeal as key drivers of luxury purchase, they are also very Price Conscious and often straddled with a â€Å"middle-class mindset†. The segments are composed primarily of: Medium size enterprise owners: This is the largest segment in terms of number these are typically the medium enterprise owners industrialists and traders who run businesses with revenues upwards of 50 cr. Their wealth is their vii The distribution of the rupee millionaires is a good indicator of the luxury consumer distribution in the country. While Delhi and Mumbai continue to be the mainstay markets for luxury consumption, there are several other cities with a large base of potential luxury consumers. We believe in the next 57 years, at least 5-7 new towns will get added on the luxury map of India. We also believe that the potential in Delhi and Mumbai has not been fully exploited and that there exists a few more micro markets within these cities that need to be tapped. Luxury Market 2007-2009 watches and jewellery as well wines, spirits and high-end electronics. This market has been estimated to be USD 1. 5 billion in 2009. Most luxury product categories have witnessed over 15% growth over the past 2 years performance of categories like Electronics, Wines and Spirits, Apparel and Jewellery has been exceptionally strong. The Indian luxury services market was severely hit by the recession over the past 2 years. Nonetheless, the India Luxury Services industry is considered to be one of the best in the world. Consumer interviews revealed that consumers prefer Indian hotel chains like the Taj, Oberoi or ITC even when International chains like the Hyatt, Hilton or Four Seasons have entered the country. The current Indian luxury assets market is estimated at USD 2. 45 billion. The growth of the Luxury Assets market is driven mainly by the phenomenal growth of the Real Estate and Automobile sectors. Latent Demand and Future Potential Our endeavor in this study has been to provide robust data on the size and growth of the Indian luxury market for stakeholders to consider, debate and if it makes sense to base their decisions upon. For sizing the market, Product, Price and (where possible brand also) filters are applied to isolate the luxury from the non-luxury in all segments. We err on the side of conservatism i. e.only pure luxury is included. Based on a category wise build-up, the size of the Indian luxury industry in 2009 is estimated at USD 4. 76 billion (at retail prices). This includes all luxury products, luxury services and luxury assets sold in India. The total luxury market has grown at a CAGR of 13% between 2007-09, with luxury products growing at 22%, services degrowing at 5% and assets growing at 18%. Luxury market in India The Indian luxury market is still very small compared to global standards. While India has one of the highest GDPs in the world, its luxury consumption, in absolute terms, is still very small. We believe that there exists a large latent demand in India, constrained by both demand side and supply side factors. On the demand side, there are several potential consumers in India who either do not buy luxury at all or do not buy enough of it from the local market. As we had mentioned, Rupee millionaires with incomes between INR 10-30 lakhs do not really spend on luxury. On the other side, supply of most luxury products in India is present is mostly present Mumbai, Delhi or Bangalore. However, wealth creation in the country is now no longer limited to these cities. It is taking place at a rapid rate in Tier I and Tier II cities like Ahmedabad, Pune and Hyderabad. The current market size for luxury products in the country is around USD 1. 5 billion. A regression based on India’s GDP per capita and Number of HNIs, indicates that the size of the Indian luxury products market should have been around USD 3-3. 5 billion. This implies that there is a latent demand of almost USD 1. 5-2 billion. As percentage of the current market size, India’s latent demand is estimated at 120-150% while for China it is estimated at only 10-15%. We have estimated the expected growth in the luxury goods market using a number of methods. Regression of the mar- Source: A. T. Kearney research and analysis The most visible segment of the luxury industry is the luxury products segment. This includes the most visible fashion luxury segments such as apparel, accessories, personal care, viii Country comparison based on GDP and # of HNIs 1. 2. 3. Source: Altagamma, A. T. Kearney research and analysis, Merrill Lynch Capgemini world wealth reports ket size for luxury products against the number of HNIs results in a growth estimate of 18%. Based on numerous interviews with luxury company CEOs, executives and industry experts as well as secondary research, a bottom-up build up of category wise growth rates leads to an average of 21%. Given this and considering the huge latent demand, we believe that India’s overall Luxury Market will grow 21% to become almost 3 times its current size by 2015. Projected growth of luxury market in India 4. Difficulty in reaching the target consumer: The scattered nature of the target population and absence of critical mass in India is a big concern for the industry. While luxury magazines have increased in maturity and volumes, they still reach only a small fraction of the existing consumers and a much smaller fraction of new consumers. Cost of reach is high, results uncertain and word of mouth continues to be best method to create a â€Å"buzz†. Consumer reservations about luxury purchases: India is faced with a low luxury penetration, with most of the rupee millionaires with income between INR 1030 lakh segment having the capacity but not the propensity to spend on luxury goods and services. Furthermore, there are reservations against buying lesser known brands as well as shopping in India. Infrastructure and regulatory constraints: Companies have to struggle with lack of credible real estate options, underdeveloped back end infrastructure like warehouses and logistics as well as regulatory restrictions on FDI and high import duties. Lack of talent: Absence of skilled manpower has hindered luxury players from being able to provide the same customer service experience as that in international locations. However, there are several ideas that could be used to address these challenges. To convert potential customers, who have the financial wherewithal, to luxury consumers, players should look at micro-segmentation of the population to identify specific â€Å"high potential† professions. Once identified, focused communication would be needed to reach out to them and convince them of the offering. Players also need to look at effective media vehicles to reach their target consumers. Consumer perceptions and reservations about shopping for luxury goods in India can be addressed by breaking the myth, getting high recall brands and bringing in â€Å"ladder brands†. To address the infrastructure and regulatory challenges, players can use smaller retail formats to increase store densities far above the global benchmarks in order to drive higher sales productivity. A multi-brand environment would also help players attract a critical mass of consumers and also lower the burden on each brand in terms of operating costs. Other options include mini high streets, collaborative efforts with competition for both retail and supply chain and airport retailing. Indian companies can capitalize on the regulatory. Source: A. T. Kearney research and analysis Luxury Industry Challenges Fundamentally there are four key challenges that any luxury player faces in India. ix restrictions imposed by the Indian government to enhance their presence in the market. The resource crunch needs to be addressed through the creation of a parallel education ecosystem similar to what has happened in the IT, ITES, airlines and fashion industry. Critical Success Factors There is no instant formula for success in the Indian luxury market. Everything about our country is different the consumer, the challenges and also opportunities for luxury players. The Indian consumer is in a state of flux evolving rapidly, but perhaps along a path that is inherently different from that taken by other developing economies. Several luxury players have managed to seize opportunities in the market early. We believe that the critical factors for success in this market include exploring formats that enable players to attract footfalls; getting the pricing right to encourage Indians to purchase locally; Providing a world class experience e.g. ambience and service; bringing in iconic brands as Indians still buy luxury products for brand value and not to make a fashion statement; getting the cost structure right by ensuring the cost base is justified by the sales realized; getting access to local expertise to get the best real estate deals; experimenting with new formats such as a luxury discounter (liquidation channel) that can help open the market by getting consumers exposed to last year’s collections at attractive prices and help them move up the ladder. While we believe there is a clear opportunity to make an impact in this market, a systematic, smart and careful approach is what will differentiate the winners from the losers in the long run. x.

Hemingway :: Hemingway Postmodernism Essays

Hemingway [1] Postmodernist discourses are often exclusionary even when, having been accused of lacking concrete relevance, they call attention to and appropriate the experience of "difference" and "otherness" in order to provide themselves with oppositional political meaning, legitimacy, and immediacy. Very few African-American intellectuals have talked or written about postmodernism. Recently at a dinner party, I talked about trying to grapple with the significance of postmodernism for contemporary black experience. It was one of those social gatherings where only one other black person was present. The setting quickly became a field of contestation. I was told by the other black person that I was wasting my time, that "this stuff does not relate in any way to what's happening with black people." Speaking in the presence of a group of white onlookers, staring at us as though this encounter was staged for their benefit, we engaged in a passionate discussion about black experience. Apparently, no one sympathized with my insistence that racism is perpetuated when blackness is associated solely with concrete gut level experience conceived either as opposing or having no connection to abstract thinking and the production of critical theory. The idea that there is no meaningful connection between black experience and critical thinking about aesthetics or culture must be continually interrogated. [2] My defense of postmodernism and its relevance to black folks sounded good but I worried that I lacked conviction, largely because I approach the subject cautiously and with suspicion. Disturbed not so much by the "sense" of postmodernism but by the conventional language used when it is written or talked about and by those who speak it, I find myself on the outside of the discourse looking in. As a discursive practice it is dominated primarily by the voices of white male intellectuals and/or academic elites who speak to and about one another with coded familiarity. Reading and studying their writing to understand postmodernism in its multiple manifestations, I appreciate it but feel little inclination to ally myself with the academic hierarchy and exclusivity pervasive in the movement today. [3] Critical of most writing on postmodernism, I perhaps am more conscious of the way in which the focus on "otherness and difference" that is often alluded to in these works seems to have little concrete impact as an analysis or standpoint that might change the nature and direction of postmodernist theory. Since much of this theory has

Kill the Internet Essay

Kill the Internet-and Other Anti-SOPA Myths Essay The Article â€Å"Kill the Internet-and Other Anti-SOPA Myths† by Danny Goldberg introduces PIPA(Protect Intellectual Property Act) for online piracy on the internet. This situation is connected to the copyright piracy as well. The issue in this essay is the common problem of published articles and links being copied and pasted from people off the internet and getting credit for another person’s work. In this case I agree with the SOPA because copyright is not to be credited for those who don’t do their own work. To me, it is a guidance for help not coping. Coping someone’s work is not helping the situation and takes the away the opportunity of the author to get credit. One reason to my decision on agreeing is the leading affect of progressive voices and outlets of skillful writers work is being taken into someone else’s work. According to the Politics website, the legislation would allow copyright holders and the justice Department to seek court orders against websites associated with copyright infringement. To the legislative, they believe that the copyright holders chances of winning is not very high. They see coping as a threat to publishers and should be banned even if internet websites lose business. A second reason that got me to agree was a statement made by Clay Shirky’s assistant in the book The McGraw-Hill Guide. â€Å" Many believe that copyright isn’t coping if the creator doesn’t lose profit because nothing physical isn’t taken from them,† – Clay Shirky’s assistant. This statement is false reasoning because even if the authors profit isn’t lost, the fact that their hard work is being copied by someone else doesn’t make things alright. The publisher worked hard on the writing they published to the internet and it shouldn’t be taken advantage of. People need to realize that taking others work isn’t a very clever idea because your only hurting yourself by taking other people’s credit. It’s the same as someone taking a movie that a director worked hard to become public and then has to find out their credit was copied by another person and is being used or is being taken ownership  by that person. Because of this problem many websites are losing their businesses for links and articles of authors are declining their work to be on the internet. For this I believe the SOPA is making the right decision and should proceed in protecting the internet uses. All in all copyright should have been prohibited a long time ago. For those whose work is being taken out of context and losing credit isn’t fair. SOPA and PIPA industries should feel good about themselves for finally taking action and stopping internet copiers on the websites available to the people. Resources: The Politics Website The Nation Website The McGraw-Hill Guide book

Abraham Lincoln Civil War and Emancipation - Free Essay Example

Sample details Pages: 3 Words: 957 Downloads: 5 Date added: 2019/07/08 Category People Essay Level High school Tags: Abraham Lincoln Essay Civil War Essay Did you like this example? I chose this event since this time in history was a turning point in America. Prior to President Abraham Lincoln signing the Emancipation Proclamation on September 22, 1862, slavery was a huge trade in the United States. But Abraham Lincolns main goal was to unite both halves of the Union. Don’t waste time! Our writers will create an original "Abraham Lincoln Civil War and Emancipation" essay for you Create order Since the entire purpose of fighting the Civil War was to unite both sides of the Union, President Lincoln made statements in August of 1862 that if he did not have to end slavery in order to end the Civil War that he would not have. During that time, many people considered President Lincolns statement to be disingenuous, given that Lincoln had long been a vocal opponent of slavery. As early as 1849, Abraham Lincoln believed that slaves should be emancipated, advocating a program in which they would be freed slowly over time. Early in his presidency Lincoln still believed that gradual emancipation was best way to go and he tried to win over legislators. In an attempt to gain support, he proposed that slaveowners be compensated for giving up their property. But he did not receive the support he anticipated. The Civil War resulted in many short term effects. The union came together and solidified under the leadership of President Abraham Lincoln. As a result of the North winning the war, this led to the creation and enaction of the Emancipation Proclamation that freed the slaves of the south that had succeeded from the union. This began creating equality and civil rights for all people during the movement. Although, the Emancipation Proclamation did not guarantee the rights of slaves to have the same privileges as the whites, it began the process of moving in that direction. It also led to the creation of allowing women to have the same rights as men. In September of 1862, after the Unions victory at Antietam, President Lincoln issued a preliminary notice stating that, unless the rebellious states returned to the Union by January 1st, he would grant freedom to slaves within the states. The notice also left room for a plan of compensated emancipation. None of the Confederate states took President Lincoln up on the offer, and therefore on January 1st he presented the Emancipation Proclamation. The proclamation declared that, that all persons held as slaves within the rebellious states are, and henceforward shall be free. The Emancipation Proclamation did not free all slaves in the United States but rather it declared only those slaves living in states not under Union control. President Lincolns Secretary of State, William Seward, stated, We show our sympathy with slavery by emancipating slaves where we cannot reach them and holding them in bondage where we can set them free. Lincoln was fully aware of the irony, but he did not want to antagonize the slave states loyal to the Union by setting their slaves free. The proclamation also allowed black soldiers to fight for the Union where soldiers were desperately needed. This is what tied the war and slavery together. There were many long term effects resulting from the end of the Civil War. Not only did it abolish slavery, it also was the first building blocks of rights for African Americans who were former slaves and started the industrialization movement. By ending slavery, this caused a problem for farmers and ranchers in the south. The farm owners no longer had slaves to work on their farms and had great difficulty finding labor to assist with daily tasks. Therefore, the farmers began to see a decline in farming and had to turn towards industrialization. Manufacturing industries and businesses were created and caused a population movement so that people could be closer to jobs and were able to find work. The North was actively growing their industries and towns, but the South struggled to flourish. The South had many cities which were damaged as a result of the war and were having to rebuild. The south also relied heavily on the agriculture industry but had difficulty sustaining the land afte r the war damaged the crops and the labor left after slaves were freed. The end of the civil war and the signing of the Emancipation Proclamation created multiple amendments to the US Constitution in the upcoming years which furthered the rights of African Americans. Overall, the Civil War impacted many people from your every day farmer to your daily business man to the newly freed slaves. The results of the Civil War forever changed the shape of the United States as we know it today. The end of the Civil War and the signing of the Emancipation Proclamation not only brought freedom to the slaves, but also began years of civil rights movements which ultimately guaranteed that African Americans could become citizens of the United States and attain citizenship. Civil Rights movements in coming years also provided African Americans the right to vote and ended the segregation of whites and blacks. If the outcome was to end differently, I would think that the south would push to further expand slavery though the north. Slavery may have remained in effect for many years longer, but I do believe that it would have eventually ended. By delaying the end of slavery, the rest of history would also be delayed in terms of the civil rights movements. BIBLIOGRAPHY ENTRIES History. Lincoln signs Emancipation Proclamation. Last updated August 21, 2018. https://www.history.com/this-day-in-history/lincoln-signs-emancipation-proclamation Library of Congress. Abraham Lincoln Papers at the Library of Congress Accessed November 22, 2018. https://www.loc.gov/collections/abraham-lincoln-papers/articles-and-essays/abraham-lincoln-and-emancipation/ Smithsonian. How the Emancipation Proclamation came to be signed. Last updated January 2013. https://www.smithsonianmag.com/history/how-the-emancipation-proclamation-came-to-be-signed-165533991/ Zocalo. What Lincoln was thinking when he freed the slaves. Last modified February 16, 2015. https://www.zocalopublicsquare.org/2015/02/16/what-lincoln-was-thinking-when-he-freed-the-slaves/ideas/nexus/

Essay about The Death Penalty Deters Crime and Saves Lives

â€Å"I don’t think you should support the death penalty to seek revenge. I don’t think that’s right. I think the reason to support the death penalty is because it saves other people’s lives.† -- President George Bush Many who disagree with the death penalty believe it is immoral, discriminates, is very expensive, increases crime, and is only a way to carry out revenge. This, however, is not true. Capital punishment should be legal because it is moral, by not allowing criminals to roam the streets once again. It does not discriminate against those of color or the poor, and is actually less expensive than life imprisonment. The most important reason why the death penalty should be legal is because it deters crime. In past centuries, the†¦show more content†¦The way we carry out these executions is by lethal injection, which is much more humane than any ways we have carried it out in historical times (McCuen 27). A prison official had claimed, â€Å"The guy will just go to sleep forever. It will be easy-real easy† (49). He says said this when referring to a man who was on death row. By using lethal injection, the United States is ridding itself of criminals, and is carrying it out in the most humane way possible (Kurtz). Professor John McAdams of Marquette University said, â€Å"If we execute murderers and there is in fact no deterrent effect, we have killed a bunch of murderers. If we fail to execute murderers, and doing so would in fact have deterred other murderers, we have allowed the killing of a bunch of innocent victims. I would much rather risk the former. This, to me, is not a tough call† (Marzilli 21). An opposition to the death penalty is the fact that it discriminates. Almost fifty percent of people on death row between in 2014 were African American (Markoff). This might just mean that African Americans and other minorities commit crimes disproportionate to their numbers (Kurtz). It is also true that more men than women die from capital punishment, yet no one is shocked by this statistic. It’s not surprising that most on death row are around the age of twenty one, compared to seventy (Kurtz). Many who oppose the death penalty claim that withShow MoreRelatedAchieving Nothing Except Revenge: Research Shows That Capital Punishment Is Unsuitable for Civilized Nations1404 Words   |  6 Pagesissues that the death penalty brings to politics, economics, and moral values. In the article titled â€Å"Does Death Penalty Save Lives? A New Debate,† Adam Liptak explores both sides of the debate, highlighting the benefits that the death penalty provides to society. He states t hat the death penalty deters murders and accepts that innocent men might become casualties in the process. However, other experts disagree with Liptak. Opposing research shows that the death penalty does not deter murders and unjustlyRead More Death Penalty Essay1146 Words   |  5 Pagesreasonable to utilize the death penalty than to abolish it. The death penalty should not be abolished because (1) it deters people from committing murder and (2) because the death penalty gives peace of mind to the victims and their families and puts an end to the crime.nbsp;nbsp;nbsp;nbsp;nbsp; Arguments for the thesis (1) The death penalty should not be abolished because the fear of the highest form of punishment will keep potential victims alive. (2) The death penalty should not be abolishedRead MoreCapital Punishment Should Be Mandatory943 Words   |  4 Pageshas the right to terminate human life under any circumstances unless it is a penalty decided by the court. Actually, killers give away their rights when they kill other people, so capital punishment is a fair punishment for those people who definitely deserve it. In fact, capital punishment is one of the most arguable issues in our societies. However, it is a legally process of executing a person convicted of a capital crime. Capital punishment can be institutionalized by the state and implemented byRead MoreThe Death Penalty is An Effective Weapon Against Crime Essay1309 Words   |  6 Pagespunishment.  Ã‚   Many people believe that it no longer serves out its intended purpose of deterring crime.   Others believe that the death penalty is an inhumane act of violence and that it should be banished from the justice system all together.   The thought of playing God also is another aspect of the situation.   Despite these allegations however, the facts still remain.   The death penalty deters crime, stops repeat offenders, and gives Americans a real sense that justice has been served, and shouldRead MoreThe Death Penalty Is Effective Or Not?851 Words   |  4 PagesDeath Penalty has been and still is one of the biggest controversies in the United States and internationally. People have been discussing and debating whether or not the death penalty is effective or not. As opposers would argue, the death penalty deters crime and the criminals deserve it; however, the death penalty is a very costly procedure and time consuming as well as ineffective. David Muhlhausen, a Senior Policy Analyst in the center for Data Analysis at the Heritage Foundation, ironicallyRead MoreThe Pros And Cons Of The Death Penalty1135 Words   |  5 PagesThe Death Penalty In Kellow Chesneys book The Victorian Underworld illustrates that the Victorians tried to use the death penalty as a means of controlling criminal elements in forms of hangings, lethal injection,Electrocution, and firing squads in order to prevent crime( the victorian underworld). in Victorian times, the death penalty was used as a means of controlling. There should be abolishment of this because of the countless innocent men and women being put to death for the stated purposeRead MoreThe Death Penalty Should Be Legalized1229 Words   |  5 Pages The Death Penalty: Should it be Sentenced to Death? For many years, a controversial issue has been whether the death penalty should remain legal in the United States. Despite the fact that is is legal in only 31 states, some Americans argue that the death penalty needs to be completely abolished. Their view is that is is inhumane and constitutionally unjustified. On the other hand many believe it is a source of deterrence and is the only just punishment for some crimes. When it comes down to itRead MoreThe Death Penalty Is A Complex Issue924 Words   |  4 Pagesa complex issue with many different opinions and viewpoints. Deciding whether a person should be punished by death is not a trivial ordeal nor should it be treated as such. How do you know when a crime is punishable by death or not? â€Å"A popular bumper sticker says, ‘We kill people to show people that killing people is wrong’† (Carmical). This slogan misses the idea that the death penalty does not chastise people for killing, but for murder. Murder is the purposeful action of killing another humanRead MoreArgumentative Against Death Penalty1546 Words   |  7 Pages5) The death penalty does not deter criminals from committing violent crimes. The death penalty is a form of cruel and unusual punishment that violates citizen’s Eighth Amendment which has forced the Supreme Court to step in and evaluate this form of punishment. The death penalty has not always been practiced in the United States; however, there have been about 13,000 people who have been legally executed since colonial times. In 1972, the Supreme Court effectively nullified the death penaltyRead MoreArgumentative Essay On The Death Penalty957 Words   |  4 PagesThe death Penalty is a very controversial topic to many. Some believe that the death penalty should not only be in place but there should be more executions every year. While others believe that the death penalty is going out of style and it is not serving its purpose of deterring crime as it did before. Although there are many claims supporting both sides still over half of Americans are for capital punishment in some way, but what causes someone to be sentenced to death? According to the article