Is it necessary to use both demand and supple side policies to manage Coursework

Is it necessary to use both demand and supple side policies to manage the uk economy - Coursework Example Conversely, the supply side policies are key in the determination of the long term growth of the UK’s productivity. As is asserted by the literature of Keynes, the belief in his work was that whether the government distributed money to its consumers, the result would be demand for more commodities. This will result in creating incentive for the suppliers to provide more commodities. This implies that the major drive for economic growth is the demand (consumers). In relevance to this, for the optimal management of the economy of the United Kingdom, and for the economy to realize an increase in the GDP, the government should embrace the demand side policies. In addition, the government, should extensively and effectively focus on how to raise the expenditure of the average citizen. Demand side policies have the objective to cause a rise in the aggregate demand. If there exist negative production gap, the demand side policies are crucial in increasing the level of the economy. Conversely, if the economy of a country, in this case, the UK economy is at its full capacity in the rate of growth, inflation will be the consequence of a further rise in the aggregate demand (AD), as illustrated in the diagram 1 (Freeman, 2006, pg. 123). Among the aspects of the demand side policies which can control the economy is the monetary policy. The monetary policy is the basic instrument that can influence the activities of the economy. To increase the aggregate demand, the rate of interest can only be lowered by either the Central Bank or government (Langdana, 2009,p.27). A decrease in the rates of the interest lowers the cost of taking loans, increasing investment incentives, and expenditure by the consumers. Conversely, a decrease in the interest rates lowers the need to make savings, and instead creating attractiveness for spending. In addition, as a result of reduced

History of Automated Teller Machine Essay Example for Free

History of Automated Teller Machine Essay An automatic teller machine or ATM allows a bank customer to conduct their banking transactions from almost every other ATM machine in the world. As is often the case with inventions, many inventors contribute to the history of an invention, as is the case with the ATM. Read each page of this article to learn about the many inventors behind the automatic teller machine or ATM. In 1939, Luther Simjian patented an early and not-so-successful prototype of an ATM. However, some experts have the opinion that James Goodfellow of Scotland holds the earliest patent date of 1966 for a modern ATM, and John D White (also of Docutel) in the US is often credited with inventing the first free-standing ATM design. In 1967, John Shepherd-Barron invented and installed an ATM in a Barclays Bank in London. Don Wetzel invented an American made ATM in 1968. However, it wasnt until the mid to late 1980s that ATMs became part of mainstream banking. Luther Simjians ATM Luther Simjian came up with the idea of creating a hole-in-the-wall machine that would allow customers to make financial transactions. In 1939, Luther Simjian applied for 20 patents related to his ATM invention and field tested his ATM machine in what is now Citicorp. After six months, the bank reported that there was little demand for the new invention and discontinued its use. Luther Simjian Biography 1905 1997 Luther Simjian was born in Turkey on January 28, 1905. While he studied medicine at school, he had a life-long passion for photography. In 1934, the inventor moved to New York. Luther Simjian is best known for his invention of the Bankmatic automatic teller machine or ATM, however, Luther Simjians first big commercial invention was a self-posing and self-focusing portrait camera. The subject was able to look a mirror and see what the camera was seeing before the picture was taken. Luther Simjian also invented a flight speed indicator for airplanes, an automatic postage metering machine, a colored x-ray machine, and a teleprompter. Combining his knowledge of medicine and photography, Luther Simjian invented a way to project images from microscopes, and methods of photographing specimens under water. Luther Simjian started his own company called Reflectone to further develop his inventions.

Brave New World: The Key to Happiness :: Brave New World

Brave New World: The Key to Happiness The novel, Brave New World is like no other, it predicts a future overpowered by technology where the people have no religion. Has Huxley written about a degrading way of life or has he discovered the key to a perfect world that should be called Utopia? The society presented in the novel is as completely rational as our own and all the precautions that are taken are needed to preserve their lifestyle. However different and horrible as the lives of individuals seem to be, in actuality they are much better than ours are. While many believe that the government controlled word, religion, the strict class system, the restraint of history, culture, the arts and books, and the obsolete need for parents and love are contradictory to Utopia, these aspects of society are actually conducive to Utopia. The first argument that would contradict the fact that Brave New World is a Utopia is the government controlling the world, causing the loss of freedom and liberty of the people. Is it really that bad that one government controls the world? Does the current structure of world government meet the needs of the people? Are millions starving? Do millions more search in vain for work every day? In Utopia, the people don't have to worry about having a job. One must remember that most people on our planet today have very little freedom – the exception being the population of western societies. Freedom is only important if it leads to happiness, and if one already possesses happiness, then there is no need for freedom. Religion plays an important role in people's lives today. Religion embodies societies theoretical principles and values. Religion guides us, gives us something to believe in and a set of rules to live by. However, every society has their own religion and the majority of the people in our world pray to gods with names that we cannot even pronounce. Our current practice of worshipping hundreds of different gods is not conducive to a peaceful society and, in fact, results in hundreds of wars being fought every year on our small planet. The current system must be replaced. Mustapha Mond when referring to the Holy Bible says that "they're old; they're about God hundreds of years ago, not about God now" (Huxley, 237). Mustapha Mond is saying that with the evolution of time the many gods worshiped before have been replaced by the worship of one God, Henry Ford.

Instruments of Change :: Third World Countries Progress Essays

Instruments of Change As our world is becoming more technologically advanced, many countries are being forced to change their ways. Many Third World countries are in the process of modernization, though some are ahead of others. Besides modernization, there are other factors that can influence a country to change. These factors consist of the military, a charismatic leadership, ideology, bureaucracy, and religion. The military can be a very powerful instrument of change. For example, the majority of countries in the Middle East are ruled by the military. The military is seen as a very capable institution because of the fact that it can build or destroy nearly anything. It is also most representative of the society because it includes all classes and types of people. An illustration of the military as an instrument of change is the military takeover of Egypt, led by Nasser in 1952. The military takeover of a government is often referred to as a coup d’etat. Nasser was a member of the Free Officers. Nasser, like other members, came from a lower-middle class background and was frustrated with the feudal system that was being enforced in Egypt. Under the feudal system, only two percent of the people owned an entire 75% of the land. Due to the unfairness and the people’s hatred of the current king, the military took over the land of Egypt. The second instrument of change is leadership, which plays a significant role in the process of change. Nasser became the leader of Egypt after the military revolted. In 1953, Nasser gave a famous speech in Alexandria where someone fired four shots at him but missed. Nasser was praised for this speech, stating "I live for Egypt, I die for Egypt." These words turned Nasser into a charismatic leader- a leader who is seen as a type of God and is a huge role model to the people. During his rule, Nasser wanted to give Egypt back to the Egyptian people. Nasser accomplished this by giving extra plots of land to peasants, passing Agrarian Reform Acts to help out the lower classes, and by gaining control of the Suez canal. Needless to say, Nasser was seen as a great leader and hero in the Third World. The third instrument of change is ideology. Ideology is simply a belief system- what one feels is good or bad. Ideology can also be referred to as a set of political ideas or values.

Commentary on Anthem for Doomed Youth by Wilfred Owens Essay

The sonnet â€Å"Anthem for Doomed Youth† by Wilfred Owen explores the horrific and tragic conditions of the deaths of World War I soldiers on the Western front. By contrasting the soldiers’ deaths with the customary Christian funeral ceremonies, Owen comments on the dark irony that the young men who gave their lives to serve â€Å"God and their country† were denied the respectful yet superficial rituals that the religious society value so much. The title of the poem well expresses the sentiments Owen conveys throughout the sonnet. The use of the term â€Å"anthem†, which is usually refers to a joyous and often religious song of praise, is in this case referring to the widely held view that fighting for one’s country is joyous and honorable. This anthem, however, is for â€Å"Doomed Youth†, and there is a dark irony that this widely held sense of pride and nationalism about war actually results in futility and death. Owen chooses to describe the young soldiers as â€Å"doomed† because they are destined for death as soon as they enter the army, because of the futility of the strategies used in this war. The soldiers are also referred to as â€Å"youth† to emphasize their innocence and create the image of healthy, fit young men dying for nothing, which arouses pity in the reader. The first stanza is an octave that describes the horrifically violent conditions of these young soldiers’ deaths by contrasting and juxtaposing auditory imagery of the battlefield as the soldiers die with descriptions of customary funeral ceremonies. The first line is a rhetorical question, which forces the reader to truly ponder all that the soldiers lack in terms of acknowledgment and ceremonies of death, and this encouragement to think is further enhanced by the hyphen in the beginning of the second line, which forces the reader to pause. Owen emphasizes the shocking nature of the soldiers’ world, the war, by saying that the soldiers â€Å"die as cattle†, which conveys the manner in which these young men are slaughtered inhumanely as if they are worthless and are treated as if they have no identity. Instead of â€Å"passing-bells†, which is society’s way of acknowledging a death, these soldiers receive the â€Å"only the monstrous anger of the guns†, which indicates that their death goes unnoticed as if they were just cattle. Furthermore, Owen comments on all the rituals and customs that the soldiers fail to receive. The personification of the guns as being â€Å"angry† contrasts to the solemn sorrow the soldiers should have received upon their death. The repetition of â€Å"only† in lines 2 and 3 emphasizes all that the soldiers lack, as we are then told that instead of funeral prayers, the soldiers instead hear the â€Å"stuttering rifles’ rapid rattle†; the alliteration echoes the gunfire and the onomatopoeia allows the reader to hear the harshness and irregular but constant sounds of the guns. By implying that these guns â€Å"patter out their hasty orisons†, Owen points out the irony that these men who have gone to war for God are being killed and must have â€Å"orisons† muttered for them by the deadly machines that are responsible for their death. The â€Å"orisons† are described as â€Å"hasty†, which indicates the rapid pace of the war and the fact that these soldiers have little time to live. Furthermore, instead of church choirs, the soldiers hear the â€Å"shrill, demented choirs of wailing shells†, which seems to suggest a demonic sound, perhaps implying that the soldiers receive no peace even after death. The personification of the shells as â€Å"wailing† is ironic because the weapons that killed the soldiers sound as if they are mourning for them. Further down the stanza, Owen subtly criticizes the Christian religion and its ceremonies as he describes the funeral customs as â€Å"mockeries†. This term suggests the irony in the fact that these soldiers, who have given their lives for God and their country, are not able to enjoy these ceremonies that acknowledge their death, even though they may be the ones that most deserve them. The last line of the first stanza foreshadows the coming volta as it shifts the focus from the conditions of death in war to the sadness that the deaths in the war brings to those who knew the soldiers. The sound of the gentle and beautiful â€Å"bugles calling† is a sharp contrast from the violent noises of the war but the mention of the â€Å"sad shires† seems to imply that this sad calling is coming from anonymous â€Å"shires† far away. The sad, and less violent tone of the last line of the octave is carried onto the second paragraph, in which the tone becomes contemplative and sorrowful. There is a volta as the focus shifts from the violence of the war to the sober yet sincere way in which these young men die at war, with no elaborate customs but with pure, untainted emotion. Owen begins this stanza with another rhetorical question: â€Å"What candles may be held to speed them all?† The term â€Å"speed them all† seems to refer to the passage to heaven, and thus we are made to wonder: without candles or ceremony, will the soldiers be able to find their way to heaven, or will they haunt the battle grounds forever? In the following lines Owen gives us the heartrending but optimistic answer that indicates that although the soldiers are neglected of the traditional funeral ceremonies, nature itself and those who love them give them a metaphorical ceremony that is much more sincere and pure. Therefore, although the candles are not in their hands, they are in â€Å"their eyes†. This metaphor gives the image of sparkling, glittering eyes, as if the soldier’s eyes were brimmed with tears as he died. This pure emotion of sorrow of â€Å"goodbyes† is suggested to be purer and more sincere than artificial and elaborate ceremonies through the use of positive words such as â€Å"shine†, â€Å"glimmer† and â€Å"holy†. Owen suggests that through pure emotions, the soldiers have their own special kind of funeral as the â€Å"pallor of girls brows shall be their pall†, which conveys how the sadness of their loved ones acts as their funeral covering. This substitution of emotions for the ceremonial objects continues in line 13, when the â€Å"tenderness of patient minds† metaphorically become these soldiers’ flowers. The last line of the poem is very powerful as it concludes the poem by showing how the deaths of the soldiers are being acknowledged in a way far superior to the religious ceremonies. Owen depicts the way in which instead of having the â€Å"drawing-down of blinds†, that is a traditional act of acknowledging their death, all of nature is metaphorically drawing the blinds by slowly becoming dark in a â€Å"slow dusk†. The adjective â€Å"slow† conveys the respect that all of nature is paying to these brave men, even as society forgets about them. Ultimately, Owen takes the reader through an incredible journey in this short but deep sonnet. He conveys the the horrors of war and depicts all the religious ceremony that these soldiers are ironically denied off. However, towards the end of the poem, Owen brings us to realize the strength of the emotions and sorrow of those who loved these youth as their raw feelings became the soldiers’ funeral. Although the poem is bleak and dark throughout, the last stanza is poignant and heartrending as we realize that emotions and love are stronger and more important than any customs or traditions.

Innovation in Religious Roman Architecture Essay Example

Innovation in Religious Roman Architecture Essay Example Innovation in Religious Roman Architecture Essay Innovation in Religious Roman Architecture Essay 1961) 1. [4] ibid, 2. [5] ibid [6] ibid [7] ibid [8] ibid [9] ibid [10] ibid [11] ibid [12] ibid, 3. [13] ibid, 4. [14] ibid [15] ibid [16] ibid, 5-6. [17] Ibid, 6. [18] ibid [19] ibid [20] ibid [21] D. S. Robertson, A Handbook Greek Roman Architecture (London, N. W. : Cambridge University, 1959) 217. [22] ibid [23] ibid [24] ibid [25] ibid [26] Gilbert Picard, Living Architecture: Roman (New York: Grosset Dunlap, 1965) 110. [27] ibid [28] ibid [29] ibid, 111. [30] ibid [31] ibid [32] ibid [33] ibid [34] ibid [35] ibid [36] Emerson H. Swift, Roman Sources of Christian Art (New York: Columbia University Press, 1951) 11. [37] ibid [38] ibid [39] ibid [40] R. Ross Holloway, Constantine and Rome (Yale University, 2004) 120. [41] ibid, 121.

Free Essays on The Synthetic Sublime

Ozick’s essay â€Å"The Synthetic Sublime† talks about New York’s disappearances and reappearances every 75-100 years as a new city with new immigrants, new pursuits, and new shapes, faithfully inconstant by the ambition that builds the city. â€Å"A farmer arriving from Italy to set up a small grocery store in a slum, or a young girl arriving from a small town in Mississippi to escape the indignity of being observed by her neighbors, or a boy arriving from the Corn Belt with a manuscript in his suitcase and a pain in his heart,† are some of the ambitious people that make up New York. Some others in Ozick’s essay such as Willa Gather begin in Red Cloud, Nebraska, ended on Bank Street and Jackson Pollock, born in Cody, Wyoming, landed in New York. Why? New York whatever the season is- is ambition. The author states, â€Å"That here, right here, is importance, achievement, delight in the work of the world; that here, right here, is the hope of conne ction, and life in its fulfillment.† New York ambition has changed its face. Fifty years ago, young people did not have the opportunities like that of today’s life style. Postal clerks and bank tellers were considered to be â€Å"family men,† while the young ones were required to wait patiently for their turn. Power and position were the sovereign right of the middle age, and a twenty-three-year-old would have to wait and wait for his/her opportunity to come. It was told in Ozick’s essay that opportunity and recognition for the young were light-years away. Although, a few writers broke out early: Mary McCarthy at twenty-two, Norman Mailer at twenty-five, and Philip Roth; they are all considered to be prodigies and are exceptions.... Free Essays on The Synthetic Sublime Free Essays on The Synthetic Sublime Ozick’s essay â€Å"The Synthetic Sublime† talks about New York’s disappearances and reappearances every 75-100 years as a new city with new immigrants, new pursuits, and new shapes, faithfully inconstant by the ambition that builds the city. â€Å"A farmer arriving from Italy to set up a small grocery store in a slum, or a young girl arriving from a small town in Mississippi to escape the indignity of being observed by her neighbors, or a boy arriving from the Corn Belt with a manuscript in his suitcase and a pain in his heart,† are some of the ambitious people that make up New York. Some others in Ozick’s essay such as Willa Gather begin in Red Cloud, Nebraska, ended on Bank Street and Jackson Pollock, born in Cody, Wyoming, landed in New York. Why? New York whatever the season is- is ambition. The author states, â€Å"That here, right here, is importance, achievement, delight in the work of the world; that here, right here, is the hope of conne ction, and life in its fulfillment.† New York ambition has changed its face. Fifty years ago, young people did not have the opportunities like that of today’s life style. Postal clerks and bank tellers were considered to be â€Å"family men,† while the young ones were required to wait patiently for their turn. Power and position were the sovereign right of the middle age, and a twenty-three-year-old would have to wait and wait for his/her opportunity to come. It was told in Ozick’s essay that opportunity and recognition for the young were light-years away. Although, a few writers broke out early: Mary McCarthy at twenty-two, Norman Mailer at twenty-five, and Philip Roth; they are all considered to be prodigies and are exceptions....