The Grapes Of Wrath By John Steinbeck - 1500 Words

The Grapes of Wrath is a great example of the historical events that have happened in America. The book focused of the things that took place in the 1930s when the book was written. Steinbeck focuses on three main events that took place and they were the Depression, Dust Bowl, and the New Deal. All of these things have had a great impact on everyone’s life that have survived through the great ordeals. This book let you in on what the people went through in the 1930s and how they moved on from it. Steinbeck started the book of with an introduction of what was coming from the people that lived in Oklahoma. The biggest Dust Bowl has hit the city and people who live there have no clue as to home they will get their families out of this hard ship. Every man didn’t know if he could get his family passed this problem. A lot of families lived on farms and the Dust Blow killed all of their crops. With dead crops covered in dust, the farmers had nothing to sell. So the farmers had to try and figure out what they were going to do. â€Å"The dust from the roads fluffed up and spread out and fell on the weeds beside the fields, and fell into the fields a little way. now the wind grew strong and hard and it worked at the rain crust in the corn fields. Little by little the sky was darkened by the mixing dust, and the wind felt over the earth, loosened the dust, and carried it away. The wind grew stronger. The rain crust broke and the dust lifted up out of the fields and drove gray plumes intoShow MoreRelatedThe Grapes Of Wrath By John Steinbeck Essay1622 Words   |  7 Pages The Grapes of Wrath John Steinbeck, widely viewed as one of the most finest and powerful American writer, born to a middle-class family in 1902 in the Salinas Valley of California. Steinbeck is a writer who often spoke for the people. The Grapes of Wrath is a great movie, published in 1939, filled with many universal truths and views on human nature and society, especially where class is concerned. In the article, John Steinbeck The Grapes a wrath: A Call to Action says, â€Å"Steinbeck’s novel showcasedRead MoreThe Grapes Of Wrath By John Steinbeck1075 Words   |  5 PagesKirsten Lloyd Mr. Eldridge AP Junior English 21 August 2014 Grapes of Wrath â€Å"Sometimes even to live is an act of courage.† (Seneca), In the 1939 novel, The Grapes of Wrath by John Steinbeck, the reader accompanies the Joad family as they struggle to escape the crippling Dust Bowl of the mid- 1930’s. In hopes of establishing a new life for themselves after being forced off their land the family embark on a journey from Oklahoma to California in search of fruitful crops and steady work alongRead MoreThe Grapes Of Wrath By John Steinbeck1563 Words   |  7 Pages John Steinbeck’s novel, The Grapes of Wrath, depicts a migrant farming family in the 1930s. During this time, life revolved around the Great Depression and the Dust Bowl, making circumstances difficult for almost everyone involved, especially those who had little. This time of drought and despair caused people to lose hope in everything they’ve ever known, even themselves, but those who did not, put their hope in the â€Å"promised land† of California. Here, the grass was thought to be truly greenerRead MoreThe Grapes Of Wrath By John Steinbeck1189 Words   |  5 Pagesâ€Å"The Grapes of Wrath† Shortly after being released John Steinbeck’s book â€Å"The Grapes of Wrath† was banned because many critics viewed the novel as promoting communist propaganda, or socialist ideas. The ideas that many of these critics point to is Steinbeck’s depiction of the Big Banks/ Businesses as monsters, the comparison of Government camps to a utopia in contrast of the makeshift â€Å"Hoovervilles,† and the theme of the community before the individual, In his novel â€Å"The Grapes of Wrath† John SteinbeckRead MoreThe Grapes Of Wrath By John Steinbeck1093 Words   |  5 Pages In John Steinbeck s The Grapes of Wrath, Tom Joad and his family are forced from their home during the 1930’s Oklahoma Dust Bowl and set out for California along with thousands of others in search of jobs, land, and hope for a brighter future. The Grapes of Wrath is Steinbeck’s way to expound about the injustice and hardship of real migrants during the Depression-era. H e utilizes accurate factual information, somber imagery, and creates pathos, allowing readers connections to the Joad’s plightRead MoreThe Grapes Of Wrath By John Steinbeck1190 Words   |  5 PagesThe Grapes of Wrath April 14th, 1939, John Steinbeck published the novel, The Grapes of Wrath. The novel became an immediate best seller, with selling over 428,900 copies. Steinbeck, who lived through both the Great Depression and the Dust Bowl, sought to bring attention to how families of Oklahoma outdid these disasters. Steinbeck focuses on families of Oklahoma, including the Joads family, who reside on a farm. The Joad family is tested with hardship when life for them on their farm takesRead MoreThe Grapes of Wrath by John Steinbeck702 Words   |  3 PagesJohn Steinbeck’s use of the intercalary chapters in The Grapes of Wrath helps weave the reader’s sympathy of the Joad family into a more broad sympathy for the migrant farmers as a whole, in the hopes that the readers would then be compelled to act upon what they have read. During the Great Depression, people had a big disconnect about what was happening in various parts of the country. People often struggle to find sympathy for events when they can’t even visualize a person who is suffering throughRead MoreThe Grapes Of Wrath By John Steinbeck2144 Words   |  9 PagesThe Grapes of Wrath is a well-known beloved novel of American Literature, written by John Steinbeck and published in 1939. Whoever said a road is just a road has not read The Grapes of Wrath. From the time we read when Tom Joad, novel’s protagonist, returns home after four years in prison; the meaning of roads changed. Route 66, also known as the mother road the road of flight, was a lifeline road, which allowed thousands of families to pursue their hopes and dreams. This road is also the road thatRead MoreThe Grapes of Wrath by John Steinbeck1014 Words   |  5 PagesJohn Steinbeck’s novel, The Grapes of Wrath, was first written and later published in the 1939. Fr om the time of its publication to date, the exemplary yet a simple book has seen Steinbeck win a number of highly coveted awards including Pulitzer Prize in 1940 and later on Nobel Prize for Literature in 1962. Set at the time of the Great Depression, the book most remarkably gives a descriptive account of the Oklahoma based sharecropper Joad’ poor family in the light of economic hardship, homelessnessRead MoreThe Grapes Of Wrath By John Steinbeck1064 Words   |  5 PagesThe Grapes of Wrath, originated from a John Steinbeck’s book, a legendary film that focus on a major point of American history. The story follows the Joad family on their journey to California trying to survive the hardships. This film, focus on the social problems of America like the Dust bowl, The Great Depression, and industrialism. The Grapes of Wrath was filmed in a journalistic-documentary style, which displayed the realism of the epidemic in the thirties. The thirties the period The Grapes

Analysis Of Robert Frost s Poem And The Thawing Wind

In Robert Frost’s poem â€Å"To the Thawing Wind,† in the literal sense, he is asking the Southwest wind to come, melt the snow and bring spring, but symbolically he is tired of the winter and wants warm weather. He wants to burst out of his cabin and have a good time, not thinking about poetry. The poet has been confined in his winter cabin and is wanting the wind and rain to melt the snow, so it will change his winter isolation. He has been longing for the â€Å"thawing wind† because that is when spring is coming. He is anticipating spring to come because it will bring him inspiration and the freedom needed to be able to do new things and enjoy everything good that comes with this season. In the literal sense, Frost speaks to the seasons and describes his distaste for the weather; however, figuratively he desires to go outside to be a part of the process of spring and feel alive again. In the first line of Frost’s poem, he is ordering the wind to  "Come with rain, O loud Southwester!† Speaking literally, he is telling the southwest wind to come with rain so it can melt the snow and bring spring. His use of the word â€Å"loud† means he is asking for the wind to come and wake up his household. Figuratively, he is wanting spring to come because it will give him the chance to be outside and enjoy nature. In the next line, he mentions birds when he asks for the wind to â€Å"Bring the singer, bring the nester.† During spring, birds come and make their nests and sing because of the warmerShow MoreRelatedRobert Frost : A New England Poet3698 Words   |  15 PagesRobert Lee Frost Known for being a New England poet Robert Frost was born in San Francisco, California on March 26th, 1874. Born to a New England father William Prescott Frost Jr. and a Scottish mother Isabelle Moodie who moved to the west coast from Pennsylvania after marriage (Bailey). Both his parents were teachers and poets themselves, but his father later became a journalist with the San Francisco Evening Bulletin (Bailey). Frost spent 12 years of his life growing up in San Francisco, until

Changing The World One Play At A Time - 1644 Words

Amber Geroy Engwr 301 Professor Collins 22 April 2015 Changing the World: One Play at a Time Throughout history women have fought to be treated equivalent to men. In today’s society, although there are still improvements to be made, it is easy to see that the female population has made a significant step towards equality and independence. Looking back about one hundred years ago, gender roles were still very specific and consisted of the man working and supporting the family, and the woman taking care of the home and the family. Women had very little voice in that time and were often treated with little respect due to the cultural norm that men were superior. Two historically influential plays that were written during the birth of feminism†¦show more content†¦Wright. Mrs. Hale and Mrs. Peters examined the Wright house very carefully, wondering if Mrs. Wright murdered her husband or not. Throughout the play the reader is not doubted of the fact that Mrs. Wright was her husband’s murderer but is also intrigued to finding out what caused her to do such a thing. Although Mrs. Hale and Mrs. Peters were undetermined of Mrs. Wright’s actions, they sympathized with her and continued to search for more clues to protect her throughout the play. You can see in the following lines between the two women that they fought to see the good in Mrs. Wright although they were frightened by the truth: MRS. HALE. Mrs. Peters? MRS. PETERS. Yes. Mrs. Hale? MRS. HALE. Do you think she did it? MRS. PETERS. (In a frightened voice) Oh, I don’t know. MRS. HALE. Well, I don’t think she did. Asking for an apron and her Shawl. Worrying about her fruit. (606) In summary Trifles tells a story about a woman who murdered her husband and two women who break out of their gender roles as they hide evidence from their husbands in order to protect Mrs. Wright. A Doll House has a similar centric idea of marriage to that of Trifles, but instead presents the woman’s turning action in the story at the beginning rather than extending it throughout the play. The audience discovers quickly that Nora Helmer, a woman who appeared to conform to the standard gender role, had been lying to her husband and going against his will for ten years while paying off

Alfred Marshall And His Contributions - 839 Words

Alfred Marshall was born on July 26, 1842, in London, England. He was raised by his father William Marshall, a cashier at a bank in England and his mother, Rebecca Oliver. He also had four siblings: Charles William Marshall, Walter Marshall, Agnes Marshall, and Mabel Marshall. His family was middle class who encouraged Alfred to be a clergyman. His father strongly encouraged him to attend Oxford University when Alfred received a scholarship; however, he attended St. John’s College against his father’s wishes. Alfred Marshall was known for his extraordinary talent in mathematics earning him the most prestigious degree offered at St. John’s College: The Mathematical Tripos. The same year that he graduated from the institution, he received a†¦show more content†¦For example, he referred to John Stuart Mill and W.S. Jevons’ theory and combined them into one theory. The first theory presented by John Stuart Mill examined the relationship of the values between commodities and their production costs. John Stuart Mill theorized that the value depends on the efforts used to manufacture. The second theory presented by W.S. Jevons predicted that the theory of value was based on the idea of maximizing utility and that the value depended on the demand. Although Alfred Marshall utilized both of these theories, his focus was on the cost. He stated that, in the short run, the market value depends mainly on the demand but that the supply can never be changed. In an intermediate time period, the production can be increased by facilities, such as machines or buildings, but the cost of the facilities doesn’t have a lot of influence because these facilities do not need renewal during that time. Marshall noted that the variable costs influence the sale price heavily during this period. Since machines and buildings wear out and have to be replaced in the long run, the sale price must be high so that it would be enough to cover the costs. Si nce Alfred Marshall had classified the costs by fixed, variable, and the time available, it represented one of his successful contributions in the economic theory. Alfred Marshall was also known for his effective use of diagrams in the Principle of Economics.Show MoreRelatedThe Legacy Of Alfred Marshall1578 Words   |  7 Pages Alfred Marshall Biography Alfred Marshall was born in London the 26th July of 1842 and died the 13th July of 1924 in Cambridge. He is considered on of the chief founders of the school of English Neoclassical economists. He was educated at Merchant Taylors’ School and then at St John’s College, Cambridge. He studied firstly physics and then he switched into philosophy starting looking at metaphysics, particularly the foundation of knowledge, and ethics. Marshall started looking also at economicsRead MoreAlfred Marshall was one of the most influential economist during the 19th and 20th century, He is500 Words   |  2 PagesAlfred Marshall was one of the most influential economist during the 19th and 20th century, He is the one that came with the idea of Supply and Demand, marginal utility and costs of production Alfred Marshall was born in July 26 1842, in Clapham England. His father was a bank cashier in Clapham. Marshall grew up in Clapham, he went to school at the Merchant Taylor’s School and graduated from St John’s College where he showed a great interest in mathematics, such as algebra and physics. DuringRead MoreAustralian Affordable Housing Problem With By Alfred Marshall And Henry George1882 Words   |  8 PagesAffordable Housing Problem with Alfred Marshall and Henry George Introduction Affordable housing is slowly becoming not that affordable for the poor in Australia over the last decade, and the price is keep raising. It became a significant concern among a lot of Australians. This essay is aimed to find possible methods to reduce the accommodation economic pressure for Australians in need. All of the ideas have been discussed here are based on two economists Alfred Marshall and Henry George’s pointRead MoreThe Economic Life Of John Maynard Keynes1155 Words   |  5 PagesMaynard Keynes and his economic life. He is one of the most recognizable and influential economist of the 20th Century. For my research, I was summarizing about the life-term history of the world’s brilliant economist, who made economics possible. The paper will be about how his economic life change the world and how is he well-focused on his learnings from his teachers and professors. The way he was well-known as a wealth expert on saving his money. The important facts about his creation on macroeconomicsRead MoreEconomics 210 : Writing Assignment1662 Words   |  7 Pagesdemanded in order to meet the market’s needs. The demand for an item can depend on various factors as I mentioned earlier. There is a terminology that we use to describe the willingness of a buyer to spend a certain dollar amount on the demand of his choice. The price of a good has a correlation with the quantity that is being demanded. For example, if a Starbucks cup of coffee costs $2, 100 buyers will spend money on coffee every morning, but if the price of the coffee goes up to $4, then onlyRead MoreJohn Maynard Keynes : The Father Of Macroeconomics1502 Words   |  7 Pagestwentieth century economist, whose impact on economic theories has proven substantial contribution to reconstructing of economical values. He had influential individuals who helped intrigue and develop his interests in economic. Keynes interests were beyond economics; he took active stance on proposing post-war monetary funds, important for Germany’s reparation and reconstruction funds after World War II. Through his different opportunities and bu reaucracy, Keynes developed theories, for which he believedRead MoreWelfare Definition Of Economics By Alfred Marshall1892 Words   |  8 PagesDEFINITION OF ECONOMICS About the Author: Alfred Marshall (26th July 1842-13th July 1924) The Welfare Definition of the subject of economics was put forward by the pioneer neoclassical economist from England, Dr. Alfred Marshall, in his book ‘Principles of Economics’ published in 1890. Marshall, who was born in the London suburb of Clapham, was educated at Merchant’s Taylor School. He showed tremendous mathematical aptitudeRead MoreScientific Management1263 Words   |  6 PagesWhile this theory has made many positive contributions to management practice, there have also been negative implications. On a positive note, Taylorism has made an impact on the introduction of the 8 hour working day, minimum wage rates and incentive and bonus schemes, and more importantly, highlighted management as an important area of study, allowing for other theorists to improve on, or provide alternative management theories in response to scientific management such as more worker orientatedRead MoreThe Scientific Management of Taylor1493 Words   |  6 Pagesdivision of labor Correct. Managers fulfill the responsibility which is equivalent to function and power and carry out the duty which is more suitable to them. Analysis Convincing arguments can be made that Frederick W. Taylor’s legacy contribution to business management and its various disciplines is alive and well today(Myers, 2011ï ¼â€°.To start with, Taylor(1912 cited in YaoNie,2007) described one principle of the scientific management: the past workers through long-term practice accumulationRead MoreThe Contribution to Economics of Each of the Following: †¢ Adam Smith †¢ Thomas Malthus †¢ David Ricardo †¢ Karl Marx †¢ Alfred Marshall †¢ John Maynard Keynes †¢ Milton Friedman2179 Words   |  9 PagesWrite an essay describing the contribution to economics of each of the following: †¢ Adam Smith †¢ Thomas Malthus †¢ David Ricardo †¢ Karl Marx †¢ Alfred Marshall †¢ John Maynard Keynes †¢ Milton Friedman â€Å"Many Economists have tried to establish why the economy performs as it does and want to have a basis for predicting how the economy will perform when circumstances change†. (Nagel, S pg 1 1999) Economists are just people after all, who have lived through different times and experiences in their

Do Words Matter - 1035 Words

Do Words Matter? Words are very powerful, and sometimes the words we use offend people. Freedom of speech is highly valued but what happens when your freedom becomes hurtful or disrespectful to someone else? There are so many different kinds of people and different things that offend each person. In this day where we are more inclined to say whatever we want, we see more and more offense being taken to the words that get said. Its hard to understand why certain words can be insulting to someone when it may not seem that way to you. We have to ask ourselves, why do we care what other people say and should we censer everything that goes into the public just so people dont get offended? In the article, You Cant Say That, the author†¦show more content†¦Humans have always found a way to demean people who are different. They do this by making up words that directly degrade a person by their differences. The word Queer is an example of a word that has actually changed from a homop hobic slur to, in some eyes, a non-offensive title. While most people would still say that they dont feel comfortable hearing the word queer, more people have become immune to it because of television. The Editors of Society state that Now queer is sneaking into the mainstream- and taking on a hipster edge. Back in the 1920s using the word queer was not taken lightly. In todays society with television shows using queer in the title of their show, for example, Queer Eye for the Straight Guy, the word has a different impact than it used to. There are unusual words that have offended feminists for a long period of time. Some of the words include fireman, authoress, handyman, and hostess. These titles through feminists eyes can be perceived as offensive and degrading. Many people believe that feminists are man haters but almost all feminists would claim that false. The stereotype of feminism is often depicted in a negative way while the truth is that its just the act of fighting for a good cause. While many think of the word feminist negatively, the author believes that feminist should have more positive connotations. Christina Libby defines feminism as A movement to end sexism, sex exploitation, and oppression. IShow MoreRelatedCommunication Is The Language Of Communication1473 Words   |  6 PagesThink back to all those times you endured a conflict with a person or institution as a result of poor communication or a complete lack of communication. When people are not sure what others mean, intend or desire, they are in clined to make a mistake or do something to create an uncomfortable conflict with the other party. The communication tips outlined below will help you express your thoughts and feelings in clear terms that leave no room for interpretation. The end result will be a crystal clear understandingRead MoreBasic Interpersonal Communicative Skills ( Calp )855 Words   |  4 Pagesthe use of gestures to demonstrate cold and hot weather will help the students understand the meaning of the words used on the lesson. By the end of the lesson we will create a diagram with the name of the season, pictures of how the season look like and the type of clothes to wear during the season. 3. Watch the video below to see a second-grade teacher introduce the properties of matter (time: 3:11). A. Identify four contextual supports that the teacher used to help her ELL students better understandsRead More Writing Style Essay1326 Words   |  6 PagesClarity and Grace helped lead me to this point, which is: what is the point? What really matters when we consider the style of writing? What makes good writing good? Every writer could collectively sit down together and never come up with an answer to these questions because every writer has a different opinion on what matters. As a writer and a reader, I believe what really matters in style is the affect a piece of writing has on readers. Although every reader is different in theRead More Good Usage is Simply Correct Grammar Essay814 Words   |  4 PagesGood Usage is Simply Correct Grammar What is good use? Does it even matter? Those are not easy questions to answer. Is good use just simply using correct grammar or is everyone who is using it just trying to speak above everyone else? What I mean by trying to speak above others is using large words, which you normally would not use, just to sound more intelligent than you actually are. I think the type of usage a person uses depends on the audience, the topic, and why the person is writingRead MoreImportance Of Subject Area Expertise806 Words   |  4 PagesNative-level fluency in the source and target languages Current cultural understanding relating to both languages Subject matter expertise This article takes a look at the third of these items: subject matter expertise. What is Subject Matter Expertise? In the world of translation, subject matter expertise refers to the translator s knowledge of the material being translated. In other words, if your texts are legal documents being translated from English to Arabic, does the translator have an understandingRead MoreThe Idea of Honor in Chaucers The Wife of Baths Prologue and The Franklins Tale673 Words   |  3 Pagesfought. Consequently, we have both male and female chauvinists, and they appear in Chaucers works. They make for interesting reading. In â€Å"The Franklin’s Tale,† Averagus and Dorigen get married and the vow to always respect each other and the other’s words and actions. Shortly after getting married he is gone to England for two years, and while he is away his wife weeps, fasts, and laments his absence. Dorigen sits on the shore looking at bare rocks that are near by and during this time she becomes fearfulRead MoreThe Black Lives Matter Movement1356 Words   |  6 PagesBlack Lives Matter Movement. Even though it has been lauded by some media sources and individuals as the next great movement to champion for civil rights, the Black Lives Matter movement is not the same as the African-American Civil Rights Movement of the 1960s nor is it likely to be as successful. If the Black Lives Matter Movement continues with discrepancies in ideology, lack of clear leadership, and trends of hate, the movement is doomed to fail. he ideology of the Black Lives Matter movementRead MoreWriting And Writing Of Writing952 Words   |  4 Pages Everyone says that writing of Communication has become a clichà ©. It is a clichà ©, however that is true. Personally, I do not like writing, but over time it has become a big part of me that I appreciate. Writing for me started in elementary school. I started with writing my ABCs and my name to perfection, until I did not make any mistakes. Over my years of writing I have enhanced my expressiveness, originality, and creativity. Growing up, I loved writing poems. My love for poems developed from listeningRead MoreUse Of Linkedin Authority For Career Branding Purposes855 Words   |  4 Pagesneeds to in some way reflect your brand focus. It doesn’t have to state it overtly, and it may look at little tacky if you do, but it should give readers a hint around what to expect. The biggest mistake that people make is to state their current job in their title/headline. For example, your brand may be that you are an exemplary biomedical scientist who deals with fecal matter. However, you may currently be working as a meter maid since having your baby. Some users would make the mistake of writingRead MoreCognitive Behavioral Therapy And Reducing Emotional Reasoning979 Words   |  4 Pagesenter colleges or universities, we notice the clean-up of words, ideas and subject matters that might cause discomfort or give an offence. For instance, colleges and universities are avoiding these due to how it may cause students to feel uncomfortable and offended by a word or phrases. However, there is a therapy that can help us treat this to avoid discomfort and also stop colleges from taking away the freedom of speech. Considering this matter, Greg Lukianoff and Jonathan Haidt argue in their essay

Givin a Million Dollars, but Can Not Spend It on Yourself Free Essays

If I was given a million dollars that could not be spent on myself, my main goal would be to have fun. I am sure there are tons of completely decent charities and organizations that could put a large cash donation to great use, but just giving away all that money to charity sounds completely BORING! I can think of some great ways to spend one million dollars, while having fun and helping people at the same time. This sounds like a great idea to me! The first obstacle I would face is to find a way to have fun, but to not officially spend the money on myself. We will write a custom essay sample on Givin a Million Dollars, but Can Not Spend It on Yourself or any similar topic only for you Order Now Then I would need to find a worthwhile candidate who would be willing to share a $250,000 gift with me. I’m hoping this person would take me to Italy and the French Riviera. This has to be why people have friends. I would write a check for two hundred and fifty thousand dollars to Nathaniel Pardon, my best friend! Try to imagine your best friend in the world has just received a $250,000 sum of cash. Vacation time! We would bounce around Europe, stay in drastically expensive hotels, and see the sites. Another part of our fun in Europe would be to host a street skateboarding competition at the local skate park. The winner would get a $100,000 grand prize, donated by me. The grand prize is enough money to draw all the professional skateboarders into the competiton. I would make some very impressive new friends. At the end of a three day competition a winner would be chosen and paid in cash. No corporate sponsors would be needed. What a lovely thought! All of this would be for the progression of the sport I love. This competition would help many people, skaters and friends alike; but most especially the winner. With $650,000 left, I would return back to the U. S. to my family. There are some serious issues in my family that a lot of money could easily correct. My mother and little sister recently moved to Louisiana due to the recession in Detroit. In order to get my family back together, I would buy my mother a nice house in Metro Detroit, close to where my family lives. She’s a shopper, so I would also give her $50,000 for spending money. It seems extravagant, but she has put up with a lot of trouble from me, so it is the least I could do. With a house and tremendous amount of money to handle all financial issues, my mother and sister would be anxious to move back. Even though it might seem that this money is being spent to secure my happiness, it is not. My little sister misses her family in Michigan a great deal. This would be for her, above anyone else. Once my little sister is home again and things are great, all I would wish to do is help other families in the same way. With the remaining money, I would start an organization I would call â€Å"Reconnecting Families in Need† (R. F. I. N. ). An organization of my creation, designed to help reunite family members with their loved ones and do what is necessary to keep them together and secure. I feel this is a much needed program. After all, what in this world is more important than family? Out of the million dollars, $250,000 would be used to fund Reconnecting Families in Need. A lot of families would be helped. There are still plenty of other places and people I would like to help. In order to keep up my helping spree, I would use the remainder of the one million dollars and invest it in a non-profit investment banking firm. The firm would be run by Wall Street professionals who want to make a difference. Money made through the firm would be used to further the mission of R. F. I. N. and its affiliates. Hopefully, this would allow the R. F. I. N. to last a very long time. My money would then be lending a hand to thousands of families. If I was given a million dollars that could not be spent on myself, I would be forced to learn the value of helping others. Without the option to blow the million dollars on myself, I would focus on doing what I could to aid people in need. I would find personal uses for this money, but as I have learned, I would probably find more happiness in the pleasure of others. There are families out there who need support, and given the opportunity, I would love to be the one to help them. How to cite Givin a Million Dollars, but Can Not Spend It on Yourself, Papers

Corporate Financial Management

Question: Discuss and provide an example answering three questions regarding subprime mortgage.With an example explain possible causes of financial crisis. Explain how financial crisis affectedbusinesses in your own country and other countries. Answer: Introduction: The world changed after the month of September of the year 2008. This all began as the slump in the country of United States and has now become the global crisis. All the rich as well as the poor countries became its target. This subprime mortgage crisis along with the crumple of the global financial markets led to the recession for the world economy. The country of Bangladesh is not so globalised but its exports depend upon the foreign trade. But its exports of the readymade garments, shrimps, and leather is heavily the demand of the western countries. Therefore, when the world experienced the recession, the unemployment rose, there was a decline in the income of the average consumers of the US and this led to a very negative impact of the export potentials. This report aims at discussing the causes of the subprime mortgage crisis and its impact on the world and on the country of Australia. Causes of the subprime mortgage crisis: It was being said that the reason behind the subprime mortgage crisis was the financial literacy. The banks were the ones that were handing out the loans along with the rating agencies. These rating agencies were working so recklessly that they filed to figure out that there were a pile of the subprime liar loans that had a rating of triple A. the mortgage brokers such as the Countrywide Financial were the ones that encouraged the wanted to be home owners to exaggerate their earnings. The media encouraged the people to buy the homes by saying that the times were different and this held good even when they were hugely in debt and had no money whatsoever to repay that debt. The banks and the lenders trusted the distribution channels that had belonged to the different roof and this took place through the mortgage brokers and the correspondents. They encouraged the people that were working for them to take as much loans as they could even if they were unable to repay the same. They did not consider the fact of the quality standards loans so as to ensure whether they would be able to be repaid or not. They just though that the loans were being sliced down and sold in bulk, so they give the same whose credit rating was negative. The mortgage meltdown began when the United States housing bubble busted and it all began during the year 2001 and reached its peak in the year 2005. The housing bubble is the economic bubble that took occurred in the local and the global estate markets. It is defined as the rapid increase in the valuation of the real property until there were some unsustainable levels that reached in relation to the incomes and the other such indicators of affordability. These rapid increases were followed by the fall in the prices of the houses and resulted in the mortgage debt that was higher than the price of the property. Effect of subprime mortgage crisis on Bangladesh: The following is the table for the value of Export of Bangladesh by Major Commodities during 2004-2011: Commod- ity 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11* a) Primary Goods Raw Jute 80 148 149 165 148 196 268 Tea 16 12 7 15 12 6 2 Frozen Food 390 459 515 534 455 445 471 Agricultural Product 41 105 88 120 122 189 186 Other Primary Goods 26 49 75 153 133 53 53 Total Primary Goods 553 773 832 988 870 884 980 b) Manufacturing Goods Jute goods 246 361 321 318 264 540 569 Leather 211 257 266 284 177 226 210 Naphtha, furnace oil 37 88 84 185 142 301 196 Readymade garments 3538 4084 4658 5167 5919 6013 5962 Knitwear 2148 3817 4554 5533 6429 6483 6605 Chemical Product 121 206 215 216 280 103 68 Shoe 68 95 136 170 187 204 222 Handicraft 4 4 8 5 6 4 3 Engineering products 42 111 237 220 189 311 222 Other mfg. products 663 730 867 1025 1096 1527 1170 Total mfg. goods 7050 9753 11346 13123 14695 15713 15227 Grand total 7603 10526 12178 14111 15565 16597 16207 Annual Change 16.10 21.63 15.69 15.87 10.31 6.63 40.30 After the collapse of the subprime mortgage crisis of the country of United States, many of the countries of the world got into deep depression. The country of Bangladesh whose economy was least dependent upon the economies of the other countries was less vulnerable to the risks since it was already taking the steps so as to shield itself from the adverse effects of the other economies. About 90% of the exports of Bangladesh is dependent upon United States and other such developed countries. The adverse effect of the recession had a negative effect on the growth of the export of the country. The country did try not to get affected by the recession since it held its head high during the first 6 months by not allowing the figure of exports of being dropped. But soon the country too started showing the effects and this impacted the exports. Though United States witnessed a serious meltdown, the currency started falling but the Bangladeshi Taka still remained fairly stable when compared with the US $. As the result, the exports became less competitive but the imports became cheaper. The exports of many of the items were turned down but the price of the essential commodities and the raw materials also declined in the domestic market. Conclusion: The main cause of the subprime mortgage crisis were the fall in the prices of the houses in the United States. This got coupled with the poor lending practices by the credit rating agencies and the financial institutions. This further led to the restrained economic growth of the country and led many of the people to lose their jobs. References: business.cch.com, (2015). The Subprime Lending Crisis: Causes and Effects of the Mortgage Meltdown. Eldis.org, (2015). Protifolon: Impact of global financial crisis on the economy of Bangladesh - Eldis. Olen, H. (2013). What caused the subprime mortgage crisis? Not our math skills. [Online] the Guardian. Robertson, C. (2015). What Caused the Mortgage Crisis. Corporate Financial Management Questions: 1. How their decision making could be related to capital budgeting techniques such as, Internal Rate of Return,in relation to Capital Budgeting Techniques? 2. Explain and identify similarities and differences between the following two models? Answers: 1. Sensitivity analysis: Capital budgeting can be defined as looking forward. When dealing with the anticipated resources and demands uncertainty forms the major factor. Sensitivity analysis can be defined as the statistical tool, which helps in determining the consequential deviations from the anticipated value (Bodie, Kane and Marcus 2014). Sensitivity analysis is concerned with locating the amount through which one can change the data input to generate the output of the liner-programming frameworkto comparatively remain unchanged. This assists in defining the sensitivity of data that is supplied for the problem and helps in measuring the optimum levels required for each of the input. Supporting the process of decision making and developing necessary recommendations required for decision makers. This helps in facilitating proper testing of robustness of the results derived. Sensitivity Analysis helps in enhancing the process of communication from the modelers to the decision makers by providing recommendations towards more trustworthy, comprehensible, convincing or credible decisions. Sensitivity analysis helps in increasing the understanding and quantification of the systems which helps in understanding the relationships amid the input and output variables (Borgonovo and Plischke 2016). Sensitivity analysis helps in development of model, which helps in searching and locating errors in the model. It is noteworthy to denote that to perform a sensitivity analysis all the necessary inputs and considerations are associated with aprocedure in order to yield the output (Dantzig 2016). For instance, a framework of inputs and considerations of an organisation is concerned with producing a new product mightcomprise of information concerning the projectedobtainability of raw material, rate of inflation aamount of workforce engaged in the research and development activity. The output will be regarded as the new profit, which will be produced by the fresh product (Vanderbei 2015). Therefore, sensitivity analysis involves altering each variable and monitors what compels changes in the output. Usually only one variable is alteredat once and all the other factors remained fixed at their base value. This helps in easy determination of number of variable effecting the output. However, it is noteworthy to denote that not all the inputs may be independent as changing inputs at one period is not concerned with the interaction amid the inputs. Figure 1: Figure reflecting sensitivity analysis (Source Cohon2013) Sensitivity analysis helps the management as the methodology of measuring the quantity of risk involved in the projected venture. Sensitivity analysis also facilitates computing the effect of variations relating to several quantifiable elements of a plan and helps the management to recognise the probable pitfalls (Luenberger and Ye 2015). Management can made the use of the sensitivity analysis, as a tool to locate the elements of a plan if changed to some extent will create an influence on the consequence of a project. It is noteworthy to denote that business engages in several form of risk since there is no assurance that a business will earn revenue. Organisationendeavours to reduce the degree of risk as much as possible by remaining engaged in actions that helps the business in earning profit. Managers usually makes the use of sensitivity analysis before executing the plan of a new venture of business activity. Sensitivity analysis helps the managers to assess the factors that wou ld help the project to yield profit by creating an impact on the net profit value of the planned activity (Charneset al. 2013). Managers determine the process of administering risk involved in the new project or activity provided their indulgence following the use of sensitivity analysis. Scenario analysis: Scenario analysis can be defined as the procedure of approximating the anticipated value of portfolio on a given period. This involves assuming the exact deviations in the values of the portfolio securities or key elements that takes place such as the change in the rate of interest (Gelmanet al. 2014). Scenario analysis is largely used to govern the changes in the value of portfolio concerning the unfavourable event, which might be used to evaluate a theoretical worst scenario. As a tool, sensitivity analysis consists of computing different rate of reinvestment for anticipated returns that is reinvested during the investment horizon. Depending upon the principles of statistics scenario analysis provides a procedure to estimate deviation in the value of portfolio. Such deviation is based on the occurrence of numerous circumstances which is referred as scenarios following the principles of what if analysis. The scenario analysis can be used as tool to measure the amount of risk, which is present in the given investment associated with variety of probable events ranging from highly probability to highly improbable (Luenberger and Ye 2015). Based on the results derived from analysis, an investor can measure the degree of risk present falling within his comfort zone. There are several different ways of approaching scenario analysis. One of the collective method is determining the standard deviation of day-to-day or monthly security returns and then calculating the anticipated value for each of the portfolio that generates return having standard deviation above or lower than the average return. Through this method aforecaster can obtain a sensible amount of certainty concerning the change in the value of a portfolio during a given time period. Scenario analysis process is used to measure the potential investment scenarios, which can be applied to several financial circumstances to determine the shift in values based on theoretical situations. From a consumers perspective, an individual can use the scenario analysis to evaluate certain financial outcome while making a purchase on credit as opposed to saving funds for cash purchase. Businesses on the other hand can make the use of scenario analysis to determine the probable financial results of certain decisions (Charneset al. 2013). For example, selecting one of two facilities or storefronts from which business functions can be conducted. This may consist of considerations such as differences in rent, charges associated with utilities and insurance or any kind of benefit that may be available in one location but not in other location. 2. Capital asset pricing model: The capital asset pricing model is considered as the most well-known model for determination of anticipated return on securities and other financial assets. It is regarded as the asset-pricing model since the price of an asset can be backed off once the anticipated return is determined. Furthermore, the anticipated amount of return derived from the CAPM or any other kind of asset pricing model may be used to discount the future cash flows (Barberiset al. 2015). Hence, such discounted amount of cash flow is then added to determine the price of an asset. The capital asset pricing model presented by William Sharpe and John Lintner marks the establishment of an asset pricing theory. The attraction of CAPM is largely due to the simple logic and intuitively pleasing predictions concerning the procedure to measure the risk along with the relation between the anticipated rate of return and risk. The model assumes the risk of investors as averse and at the time of making portfolio selection, it considers the mean variance concerning one period investment return (Nghiem 2015). Precisely, the relevant portfolio choice by the investors is mean variance efficient, which reduces the variance in portfolio return. The common notion behind the theory of CAPM is that the investors need to compensated in two ways namely, time value of money and risk. The time value of money is represented by the risk free rate and provides compensation to the investors for placing their money in any investment over a period (Dionne, Li and Okou 2013). The risk free rate can be considered as the yield on the government bond like US treasuries. The CAPM theory lays down that the anticipated amount of return of a security or the portfolio is equivalent to the rate of risk free rate with the risk of premium. If the anticipated rate of return fails to meet the required amount of return then investment are not taken into the consideration. Capital market line: The capital market line can be defined as the kind of graph, which arises from the capital asset pricing model. The Capital asset pricing model is used to determine the theoretically suited required rate of return on a particular asset when such assets about to form a part of the existing and well performing portfolio (Huesecken, Overesch and Tassius 2016). The capital market line is a useful tool, which helps in determining the rate of return amount of efficient portfolios. The analysis of capital market line relies on the risk free rate of return with the amount of risk involved in the portfolio. The Sharpe ratio derived from certain computation highlights the proportion of risk and extra return, which a portfolio provides. Portfolio having the highest amount of Sharpe ratio is considered as the market portfolio. Eachportfolio, which is included in the market portfolio,is optimized for a specified sum of risk. Due amount of consideration is given to the sum of risk which is associa ted with the particular asset. According to the capital asset pricing model the market portfolio lays down the efficient frontier. The efficient frontier can be considered as the ingathering of portfolios. When the market ratio is combined with the risk free asset, it is capable of generating higher rate of return than the efficient frontier (Christensen, Hail and Leuz 2016). The combination of market portfolio and the risk free rate paves the birth of capital market line. Several experts have expressed their opinion of preferring capital market line over the efficient frontier. The main reason behind such preference is that Capital Market Line takes into the consideration the additional risk of risk free asset in the portfolio. Figure 2: Figure representing Capital Market Line (Source: Christensen, Hail and Leuz 2016) Capital asset pricing model provides a graphical return on the market risk and return on assets for a given time period. The capital market line acts in the form of liner combinations of the risk free asset and portfolio. Thus, portfolio under the capital market line is considered as mediocre since it reflects new efficient set (Lee and Su 2014). Capital market line is assumed to remain within the capital asset pricing model since it can highlight the rate of return for efficient portfolios, which in most probable scenarios faces the risk of market portfolio, and risk free rate of return. Difference and similarities between the capital asset pricing model and the capital market line: The difference between the capital assets pricing model and the capital market line are is that the capital market line represents the line, which reflects the rate of return and relies on the risk free rate of return along with the level of risk for a particular portfolio (Pianosiet al. 2016). One of the major differences between the capital market line and the Capital asset pricing model is the procedure of measuring the risk factors. For capital market, line standard deviation is used to measure the risk whereas for Capital asset pricing model beta coefficient is used to determine the risk factors. One of major similarity between the capital assets pricing model and the capital market line is derived by drawing a tangible line from the point of interception where the anticipated rate of return is equivalent to the rate of risk free return. The capital market line determines the risk by using the concept of standard deviation or by implementing the total risk factors (Jagricet al. 2015). On the other hand, the Capital asset pricing model measures the risk through beta, which helps in determining the risk for security contributing to the portfolio. Another key difference between the capital market line and the Capital asset pricing model is that while the capital market line graphs defines the efficient portfolios, the Capital asset pricing model determines both the aspects of efficient and non-efficient portfolios. At the time of computation of returns, the anticipated amount of return for the capital market line portfolio is highlighted on the Y-axis. In contrary to this, the Capital asset pricing model the return for securities is represented along the X-axis (Gelmanet al. 2014). The standard deviation of the portfolio is highlighted on the X-axis for capital market line while the beta value of securities is determined on the X-axis for Capital asset pricing model. The market portfolio and the risk free assets are determined by the CML however, all the security factors is determined by the CAPM. References Barberis, N., Greenwood, R., Jin, L. and Shleifer, A., 2015. X-CAPM: An extrapolative capital asset pricing model.Journal of Financial Economics,115(1), pp.1-24. Bodie, Z., Kane, A. and Marcus, A.J., 2014.Investments, 10e. McGraw-Hill Education. Borgonovo, E. and Plischke, E., 2016. Sensitivity analysis: a review of recent advances.European Journal of Operational Research,248(3), pp.869-887. Charnes, A., Cooper, W.W., Lewin, A.Y. and Seiford, L.M. eds., 2013.Data envelopment analysis: Theory, methodology, and applications. Springer Science Business Media. Christensen, H.B., Hail, L. and Leuz, C., 2016. 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Luenberger, D.G. and Ye, Y., 2015.Linear and nonlinear programming(Vol. 228). Springer. Nghiem, L., 2015. Risk-return relationship: An empirical study of different statistical methods for estimating the Capital Asset Pricing Models (CAPM) and the Fama-French model for large cap stocks.arXiv preprint arXiv:1511.07101. Pianosi, F., Beven, K., Freer, J., Hall, J.W., Rougier, J., Stephenson, D.B. and Wagener, T., 2016. Sensitivity analysis of environmental models: A systematic review with practical workflow.Environmental Modelling Software,79, pp.214-232. Vanderbei, R.J., 2015.Linear programming. Springer.