History A Study of Colonial America - 873 Words

The colonies were by no means homogeneous. Lifestyle, customs, and demographics differed among the different regions of the colonies. Even by the 18th century, divisions between various regions and colonies existed. One of the manifestations of the diversity of colonial life was in one of its most persistent and pervasive institutions: slavery. Slavery existed on social, cultural, economic, and political levels. Although there are some common themes of slavery throughout the colonies such as the brutalization of slaves, and the basic means of using free labor to boost the economy, there were some key differences to the way slavery was practiced, how it was perceived, how it was supported by law, and how slavery fit into local economy and culture. These differences parallel the greater differences that existed between the different regions of colonial America. Slavery was heavily entrenched in the Chesapeake region by the 18th century. Between 1680 and 1720, dramatic changes occurred throughout the Chesapeake region. As Kulikoff points out, the Chesapeake economy ceased to grow, the price of tobacco was not increasing abroad, opportunities for the working poor declined, and this led to the large scale migration of white and black people to Pennsylvania and the Carolinas. In addition to altering the demographics of the colonies, this more importantly for slaves led to the diversification of crops. Some farmers switched to grain farming, which necessitated more labor; thus,Show MoreRelatedThe And The Genius Of The Royal Society803 Words   |  4 Pagesanniversary. The essays include the inventions of Royal Society Members, letters from members, scientific data and theories presented by Royal Society members. Bryson provides a diverse narrative centered around the profound impact of the Royal Society on history. This text gives form to what the Royal Society is as a whole. Bryson is able to write about complex topics in a comprehensible and though provoking form. The book also includes photos relevant to understanding the material. The Diary of WilliamRead MoreColonial Americas without the Indians1566 Words   |  7 Pagesone’s history textbook is accurate, but this is not always the case. The definition of history is the study of past events, â€Å"the branch of knowledge that records and analyzes past events†, according the Merriam-Webster Dictionary. One may â€Å"regard the native Americans-if we regard them at all-as exotic or pathetic footnotes to the main course of American history†, according to Axtell. (Axtell, James.981) One may believe this because of what textbooks say. When mentioning Indians, History textbooksRead MoreColonial American Slavery Essay examples1458 Words   |  6 PagesThe study of slavery in the development of early America is an extremely complex, yet vitally important part of American History. There are hundreds of thousands of documents, debates, and historical studies available today. According to Ms. Goetz, the assistant professor of history at Rice University, who states, in The Southern Journal of History, that in addition to geographic and chronological diversity in the America’s, assessment of experiences of colonial slaves is extremely complex, â€Å"especiallyRead More The Origins of Chattel Slavery in Colonial North America Essay1579 Words   |  7 PagesThe Origins of Chattel Slavery in Colonial North America There have been many illuminating studies in the field of the origins of chattel slavery in Colonial North America. Alpert, 1970; Edmondson, 1976; Jordan, 1962: Ruchames, 1967; Starr, 1973, wrote seminal studies that did much to bring insight to the subject. Goetz, 2009; Mason, 2006; Smaje, 2002; Neeganagwedgin, 2012, presented evidence that have either reexamined old questions or used new methods and approaches to ask news questionsRead MoreAfrican History : African American History898 Words   |  4 PagesThe history of Africa is very complex. Europeans invaded Africa and stripped them of their culture and denied future generations their history. Despite the focus on the time of enslavement in modern history, African history expands far beyond that. African history has been consistently whitewashed and many historians have attempted to put our history in a box. In order to understand and study the African experience, one must realize that the history of Africa extends far beyond the times of enslavementRead MoreThe History Of Colonial Latin America1322 Words   |  6 PagesWhen the Spanish and the Portuguese established the colonies in the Americas, not only did they bring their material culture of technologies, clothes, cuisines, architecture, crops, and animals but they also brought their intellectual traditions such as that of honor. The history of colonial Latin America gives many questions related to the understanding of honor. The culture of honor during this period of time was pivotal as it provided a set of values that organized society and individual livesRead MoreHistory Is The Base Of The Future948 Words   |  4 Pages History is the base of the future. History is the whole series of past events connected with someone or something in the future. History is a narration of the events which have happened among mankind, including an account of the rise and fall of nations, as well as of other great changes which have affected the political and social condition of the human race (John J. Anderson 1876). Events become history when it travels the certain time interval and makes connections in the future. History is theRead MoreWhy Do Governments Participate During Ethnocide And How Can Removing One s Cultural Identity Harm Society As A Whole1728 Words   |  7 Pagesin that community that is visible throughout society. This study relies on three principal sources—The Indian Out of the Indian: U.S. Politics of Ethnocide Through Education by Donald Grinde (2004); Rethinking Cultural Genocide: Aboriginal Child Removal and Settler-Colonial State Formation by Robert van Krieken (2004); and Resistance and Response: Ethnocide and Genocide in the Nuba Mountains by Mohamed Salih Mohamed (1995). Grinde studies the effect on Native children through their immersion in AmericanRead MoreHow The African s Ideologies Survived Under European Values And State Run Human Oppression774 Words   |  4 PagesThe history books harbor numerous accounts of worldwide and state-run human oppression. The accounts display that the want for labor often influenced the practice of coercion and violence. While reviewing the work of Dr. Delridge, L Hunter in The death of the Negro volume I, 2, and 3 it became clear that a degree of unequal actions molded a form of inferior status that shape the Negro call to freedom songs. To name the weapon with which the colonial United States of America brought about unnecessaryRead MoreHow The African s Ideologies Survived Under European Values During The United States Of America889 Words   |  4 PagesThe history books harbor numerous accounts of state-run human oppression. The accounts display that the necessity for labor often influenced the practice of coercion and violence. While reviewing the work of Dr. Delridge, L Hunter in The death of the Negro volume I, 2, and 3 it became clear that a degree of unequal actions molded a form of inferior status that shape the Negro call to freedom songs. To name the weapon with which the colonial United States of America brought about unnecessary sorrow

The National Law Center On Homelessness Poverty Essay

The National Law Center on Homelessness Poverty currently estimates that each year at least 2.5 to 3.5 million Americans sleep in shelters, transitional housing, and public places not meant for human habitation. At least an additional 7.4 million have lost their own homes and are doubled-up with others due to economic necessity. According to Point-in-Time Count, San Diego had 8,692 homeless people. Almost 3,800 of them were sleeping in emergency shelters or transitional housing. The Count showed more than 5000 people were unsheltered. Some slept in cars, sidewalks or abandoned building. Moreover, 61%of the homeless people in shelters were children and 40% were families and 1157 were homeless veterans. Two advocates put this dilemma of the issue of â€Å"falling from the scene† into perspective: Something remarkable has happened to the spectacle of the street-dwelling poor in the two decades since it reappeared on the public stage: Homelessness became domesticated routine; an all-but-expected feature of the urban landscape. No longer cause for vocal concern, let alone outrage, it has been integrated into that cheerless diorama of un-abashed wealth and relentless poverty that now passes for â€Å"normalcy â€Å"in American cities. (Hopper, 2003, p. 193) Decades and decades have passed without the resolve to end such an epidemic . . . Homelessness doesn’t end. Year after year, shelters provide refuge, churches and temples provide meals, downtown missions offer care, social service agenciesShow MoreRelatedHomelessness And Poverty And Homelessness1699 Words   |  7 PagesAmerica, these circumstances are an ordinary part of life. (National Law Center on Homelessness and Poverty 7) While a portion of today’s society turns a blind eye to the subject of the criminalization of homelessness, an even larger quantity of people are not aware of the situation that is happening in every major city of America. For those living an affluent lifestyle, it can be difficult to discuss the amount of poverty and homelessness that is constantly occurring. The definition and meaning behindRead MoreHomelessness vs. Houselessness815 Words   |  4 PagesIT’S NOT HOMELESSNESS RATHER IT IS HOUSELESSNESS The working class people look at homeless people as a mass, a pack of individuals that the working class people label such a pack as the homeless, the same as characterizing who they are, nevertheless the working class people disregard the direction of silent remark to realize that homelessness may simply be houselessness part the people. People that have financial hardship and social handicaps typically are neglected as a result of their povertyRead More How Many People are Homeless? Essay1591 Words   |  7 Pages Many people call the National Coalition for the Homeless to find out how many people are homeless in the United States. There is no easy answer to this question, and in fact, the question itself is misleading. In most cases, homelessness is a temporary circumstance -- not a permanent condition. A more appropriate measure of the magnitude of homelessness is therefore how many people experience homelessness, not how many people are homeless. Studies of homelessness are complicated by problemsRead MoreA Vulnerable Population: The Homeless in America919 Words   |  4 PagesHomeless in America Introduction Homelessness in America should be a growing concern. When discussing the United States current economic crisis comparisons with the Great Depression are becoming more and more common. Tent cities or makeshift shelters in specified areas or just beyond city limits are becoming familiar sites across the country. Each of these cities contains dozens if not hundreds of families struggling to just survive (Maide, 2010). Homelessness can be defined as the lack of aRead MoreHomelessness : The Problem Of Homelessness1350 Words   |  6 PagesHomelessness There are many parts to the subject of homelessness, of course people talk about the solutions to it like The Ten Year Plan, then there is the history of it starting from the 1640’s. Also there is discussions about Homeless Shelters and more recently Anti-homeless Legislation. Then there are always the staggering statistics. The homeless is a very one minded topic for most. Most people think that the homeless should be helped, cared for, and educated for success. This is true (at leastRead MoreHomelessness is Everyones Problem888 Words   |  3 PagesHomelessness in United States is a dangerous problem that requires everyone’s contemplation and co-operation. Thousands of people are forced to live in the streets, parks, and in shelters since they lack a place of their own to live. For a long period, in United States homelessness has been a serious and an unsolved problem. National Law Center of Homelessness and Poverty reports that homeless population in United States i s estimated around 3.5 million, but on the other hand there are nearly 18.6Read MoreCauses of Homelessness in the USA Essay1312 Words   |  6 PagesHomelessness has become a serious problem in today’s society. Despite the organizations that help multitudes of homeless people, homelessness is continually increasing. In recent years, America’s culture has been changing due to economic, political, and social issues. These issues have caused a lot of stress on America resulting in abject poverty in several cities. Poverty is not nationwide, but if dealt with lightly, the affects can be catastrophic. Homelessness is increasing more than ever, andRead MoreHomelessness1688 Words   |  7 PagesCauses of Homelessness in America Homelessness is an ongoing problem for our society. Every day we come to terms with the effects of it, but what about the causes? By definition, a person who is homeless lives in public. The lack and destruction of federal housing programs and increasing rents forced those who are homeless to do in public what everyone prefers to do in private. According to the website, National Law Center on Homelessness and Poverty, the Low Income Housing Information ServiceRead MoreHomelessness Is The Most Vital Social Problem1668 Words   |  7 Pages Out of all of the social problems that are prevalent across America, homelessness is the one that should be grabbing the nation’s attention. As of April 20th of 2015, according to the National Law Center on Homelessness and Poverty, 1,750,000 individuals in the United States were reported as being homeless (Homelessness/Poverty). Homelessness in America is a major problem, which needs to be addressed in a much more effective manner than it currently is. It should be at the forefront of everyRead MoreEssay on Should Homelessness Be Criminalized?1007 Words   |  5 Pagesas a counter. I am passionate about the social issue of homelessness, mainly because I was part of this population a decade ago. Applied Survey Research defines homelessness in part as, â€Å"An individual who lacks a fixed, regular, and adequate nighttime residence†¦Ã¢â‚¬  The sad fact is that there are not enough resources to adequately shelter America’s most vulnerable citizens. Many cities have passed ordinances that have criminalized homelessness. These so called quality of life ordinances are meant to

The Book Thief By Markus Zusak Essay Example For Students

The Book Thief By Markus Zusak Essay In 2005, Markus Zusak composed one of the most influential novels of modern day literature. His story is known as The Book Thief, a novel told from the perspective of Death. His role is to narrate the life of Liesel Meminger as a young girl growing up in Nazi Germany. Death begins the story at the burial of her brother in 1939, just one of many tragic events that will occur in her life, she is then given away by her mother, and has to grow up in the care of another family. For Liesel, this change catalyzes a quest to understand the power of words. This is because she stole a book at her brother s funeral and desires to read it in honor of him. Her new foster family, the Hubermanns, and friends help Liesel on this quest. Death describes Liesel as a girl â€Å"with a mountain to climb (Zusak 86) and Liesel s quest to understand the power of words for good and evil is this mountain climb. To begin, Liesel does not make her journey to uncover the power of words alone. She climbs with her foster parents, Rosa and Hans Hubermann, her best friend and love interest, Rudy Steiner, the Jew living in her basement, Max Vandenburg, and finally the woman who gives Liesel access to her library, Isla Hermann. Each one of these characters helps Liesel discover the power of words in their own ways. Hans Hubermann gives Liesel the basic understanding of how to read and interpret words by kindly teaching her through a difficult time in the aftermath of her brother s death (58). Rosa Hubermann plays a mother figure for Liesel that supports her daughter throughout the book. Rudy Steiner shows Liesel the hidden potential for love that words can hold within them by always caring for Liesel. Max Vandenburg, the Jew that the family takes in, acts as a new . .her family and friends, but with the assistance of her climbing partners she overcomes the loss of her brother and succeeds in learning to read. Once Liesel apexes in her quest she discovers she can share words with those around her to make them happier. This is short lived as she has to endure the fact that words can be used to cause so much death and sadness. She manages to resolve this issue within herself by creating her own words. Unfortunately, Liesel s story does not end there, the night she completed her book is also the night Himmel Street was bombed, the sirens only came with the bombs. Every last soul dies on the street, except Liesel. She survived only by finishing her book in the basement where her family once kept a friend and a Jew. Liesel s mountain quest finalizes with a thought-provoking ending and concludes a masterful work of art, The Book Thief.

The Safety of African Americans During The Civil Rights Movement Essa

The Safety of African Americans During The Civil Rights Movement: There are many literary works that address the violence associated with the civil rights movement. These works, though written for different reasons, essentially serve the same purpose. Two such works are a poem ?Ballad of Birmingham? by Dudley Randall and an essay by Martin Luther King, Jr. entitled ?Letter from Birmingham Jail?. Though these pieces of literature were written for different reasons and have many differences, they both in their own way bring attention to and shine light on how unsafe African Americans were during the Civil Rights Movement in America. Dudley Randall?s 1969 poem, ?Ballad of Birmingham?, was written to commemorate the 1963 death of four young girls in a church bombing in Birmingham, Alabama. In ? Ballad of Birmingham?, Randall illustrates the terrible state of society during the Civil Rights Movement. Randall uses many different techniques, such as plot, setting, language, point of view, characters and theme, to show the reader that during this time period African Americans were not safe, no matter how innocent and in the most sacred of places.

Definition of Reliability in Research

Definition of Reliability in Research Reliability is the degree to which a measurement instrument gives the same results each time that it is used, assuming that the underlying thing being measured does not change. Key Takeaways: Reliability If a measurement instrument provides similar results each time it is used (assuming that whatever is being measured stays the same over time), it is said to have high reliability.Good measurement instruments should have both high reliability and high accuracy.Four methods sociologists can use to assess reliability are the test-retest procedure, the alternate forms procedure, the split-halves procedure, and the internal consistency procedure. An Example Imagine that you’re trying to assess the reliability of a thermometer in your home. If the temperature in a room stays the same, a reliable thermometer will always give the same reading. A thermometer that lacks reliability would change even when the temperature does not. Note, however, that the thermometer does not have to be accurate in order to be reliable. It might always register three degrees too high, for example. Its degree of reliability has to do instead with the predictability of its relationship with whatever is being tested. Methods to Assess Reliability In order to assess reliability, the thing being measured must  be measured more than once. For example, if you wanted to measure the length of a sofa to make sure it would fit through a door, you might measure it twice. If you get an identical measurement twice, you can be confident you measured reliably. There are four procedures for assessing the reliability of a test. (Here, the term test refers to a group of statements on a questionnaire, an observers quantitative or qualitative  evaluation, or a combination of the two.) The Test-Retest Procedure Here, the same test is given two or more times. For example, you might create a questionnaire with a set of ten statements to assess confidence. These ten statements are then given to a subject twice at two different times. If the respondent gives similar answers both times, you can assume the questions assessed the subjects answers reliably. One advantage of this method is that only one test needs to be developed for this procedure. However, there are a few downsides of the test-retest procedure. Events might occur between testing times that affect the respondents answers; answers might change over time simply because people change and grow over time; and the subject might adjust to the test the second time around, think more deeply about the questions, and reevaluate their answers. For instance, in the example above, some respondents might have become more confident between the first and second testing session, which would make it more difficult to interpret the results of the test-retest procedure. The Alternate Forms Procedure In the alternate forms procedure (also called parallel forms reliability), two tests are given. For example, you might create two sets of five statements measuring confidence. Subjects would be asked to take each of the five-statement questionnaires. If the person gives similar answers for both tests, you can assume you measured the concept reliably. One advantage is that cueing will be less of a factor because the two tests are different. However, its important to ensure that both alternate versions of the test are indeed measuring the same thing. The Split-Halves Procedure In this procedure, a single test is given once. A grade is assigned to each half separately and grades are compared from each half. For example, you might have one set of ten statements on a questionnaire to assess confidence. Respondents take the test and the questions are then split into two sub-tests of five items each. If the score on the first half mirrors the score on the second half, you can presume that the test measured the concept reliably. On the plus side, history, maturation, and cueing arent at play. However, scores can vary greatly depending on the way in which the test is divided into halves. The Internal Consistency Procedure Here, the same test is administered once, and the score is based upon average similarity of responses. For example, in a ten-statement questionnaire to measure confidence, each response can be seen as a one-statement sub-test. The similarity in responses to each of the ten statements is used to assess reliability. If the respondent doesnt answer all ten statements in a similar way, then one can assume that the test is not reliable. One way that researchers can assess internal consistency is by using statistical software to calculate Cronbach’s alpha. With the internal consistency procedure, history, maturation, and cueing arent a consideration. However, the number of statements in the test can affect the assessment of reliability when assessing it internally.

Romes Growth- a 2 edged sword essays

Rome's Growth- a 2 edged sword essays Romes Imperial Expansion Was A Two Edged Sword Rome was an extremely resourceful community that, because of their innovative ideas, military leaders and expansion, was eventually turned into an empire. At the same time, it is through these that also turned Rome upside down; there techniques where always the same so it wasnt too difficult for any of their enemies to reverse their own maneuvers on themselves. Over the centuries Rome has become an enormous empire since when it was a small province in Italy, to when it had overtaken Carthage, Germany, Parthians, and majority of the Mediterranean coast. This expansion overseas gave Rome the opportunity to strengthen its empire through war; but, as a drawback the Empire and the republic became unstable and eventually broke down, due to extreme losses during battles against Hannibals army and the Gauls. This expansion overseas made Rome a mighty Empire during the 200s and 100s BC Rome came into conflict first with Carthage, a sea power and trading center on the coast of northern Africa. Although Rome may have been a strong military empire, they still had their weaknesses. Rome had fallen in defeat many times over the centuries, but they just kept getting straight back up and fought again and again. If an army were going to mess with Rome, they would have wanted to be sure that they could defeat them the first time around. Otherwise they would hunt that army down at any extent, to destroy them and make themselves wealthier. The Romans would look to their empire as the instrument that brought law and justice to the rest of the world; in some sense, the relative peace and stability they brought to the world did support this view. They were, however, a military state, and they ruled over this vast region by maintaining a strong military presence in certain countries. The Romans devoted much of their brilliance to ...

Ethical Issues in Profefssional Life (Philsophy course) Essay

Ethical Issues in Profefssional Life (Philsophy course) - Essay Example There are many points in his essay, which are plausible, and worth emulating. However, there are also points, which I do not entirely agree. Therefore, in this essay, I will be discussing the different models upon I agree or disagree with him and the reason why I feel that way. Veach described the engineering model of ethical conduct as straightforward in its presentation of facts to the client and letting the client make an informed decision based on the facts presented. He talks about how this standard could not be applied in the medical profession stating that â€Å"even if the physician logically could eliminate all ethical and the value considerations from his decision making and even if he could in practice conform to the impossible value-free ideal, it would be morally outrageous for him to do so.† On this point, I completely agree with Veach. In the medical profession, we deal with sentient human beings. We do not deal with inanimate objects that do not require any explanations as to how they will be dealt with in furtherance of my profession. My patients are not pipes or drainage systems that I would simply clean, repair and flush when they become clogged with impurities and be done with it. Although medical practice requires precision like any other profession, it is not enough that we discuss statistics and procedures with our patients and expect them to understand the situation. Take the case of a cancer patient for instance. After discussing the advantages and disadvantages of the different types of treatments, it may be morally sound to let the patient choose which form of therapy he/she would prefer. However, in cases where the patient would not choose the most viable option, it would not be ethical on the part of the physician to simply let the patient go on with his/her choice without trying to persuade him/her that such option is not viable. Although I agree with the maxim espoused

Case Study Analysis Essay Example | Topics and Well Written Essays - 1250 words - 3

Case Study Analysis - Essay Example Sam is a self-employed carpenter and has had difficulty securing regular work. Sam is becoming quite annoyed at the situation and has expressed to Myra his disappointment that she has not being able to confront Connor. Myra has been referred by her GP to the local community health center for counselling. You are a social work student on placement at the center. Your supervisor would like you to meet with Myra and identify her needs for counselling. Myra’s case is a case of workplace harassment where an employee infringes on her space as a team member making her life miserable as she serves at the company. Connor a fellow employee who has been sending her suggestive messages may not be aware of the situation she is putting her in considering that we are not told whether Myra has expressed her disappointment with his behavior. This is a form of sexual harassment which can be classified a gender based harassment. Unwelcome conduct is classified as conduct that makes the recipient uneasy or makes him/her feel offended. Sexual attraction is a normal phenomenon in any workplace but the advances made in respect to that should not infringe on the space and rights of the recipient. This is unlawful. However, one should make the individual who is making the unwarranted advances aware that they are not welcome. Legal measures should be taken if the same continues despite the measures being taken to address the issue. The AASW Code of Ethics is clear on the professional boundaries that should be maintained by the social workers or any employees in a given workplace set up. First, it condemns any engagement in any form of sexualized conduct with a person whom they are directly involved in a professional relationship (p. 22). Second social workers are not supposed to engage in any sexualized conduct with a person with whom they were

Comparison Between Gold Rates and Sensex Essay Example for Free

Comparison Between Gold Rates and Sensex Essay Correlation : Correlation is a statistical technique that can show whether and how strongly pairs of variables are related. Correlation is computed into what is known as the correlation coefficient, which ranges between -1 and +1. Perfect positive correlation (a correlation co-efficient of +1) implies that as one security moves, either up or down, the other security will move in lockstep, in the same direction. Alternatively, perfect negative correlation means that if one security moves in either direction the security that is perfectly negatively correlated will move in the opposite direction. If the correlation is 0, the movements of the securities are said to have no correlation; they are completely random. Regression analysis: It involves identifying the relationship between a dependent variable and one or more independent variables. Case Analysis The initial analysis compares two Asset index prices the SENSEX and the GOLD. The Sensex has the top 30 stocks. The Gold is an important Asset in terms on Investment as it also offers the benefit on diversifying the Portfolio risk. To apply the Correlation and regression concept, we consider an investor who plans to invest in Gold looking at the rise in the gold prices. He is still reluctant if he should choose Gold as an investment option or if he should consider investing in some other investment options based on Sensex. as on 15th September 2012. Hence, he plans to carry out a research on the same, for which he attends a seminar on â€Å"Investment Opportunities†. There was a debate amongst the Financial Analysts â€Å"Does Sensex rates affect Gold prices?† Analyst1 : Gold prices have been on an uptick since 2000, while the stock market declined from 2000 to 2003 and then again in 2008. Hence, Sensex fluctuation does not determine the Gold prices i.e. rise in Sensex might not always lead to rise in gold price. Analyst 2: Through the recovery phase that commenced in 2003, gold prices kept rising. Analyst 1: Gold prices normally appreciates in value. Analyst2: Fluctuations in Gold prices are determined by the fluctuations in Sensex i.e.: Decline In sensex. This created a confusion. Hence, to clarify the confusion he plans to study the price trends of the Gold rates and the Sensex for the dates ranging from June 1st’2012 – August 31st2012. After checking the correlation he found that the correlation between the closing prices on Gold and Sensex was 0.24 which was weak. Thus, he decided that Sensex rates was not the only factor to consider investment in Gold. Otherwise, Gold is a good option for investment as it provides diversification and hedging in investment. Conclusion: Correlation between Gold and Sensex is 0.24 which is positive and weak. Thus, based on this correlation change in Sensex has an effect on Gold rate but it is very small.

The Insanity Defense Essay -- Argumentative Persuasive Essays

The Insanity Defense Former U.S president Ronald Reagan was shot by a man named John Hinckley in the year 1981. The president along with many of his entourage survived the shooting despite the heavy infliction of internal and external injuries. The Hinckley case is a classic example of the 'not guilty by reason of insanity' case (NGRI). The criminal justice system under which all men and women are tried holds a concept called mens rea, a Latin phrase that means "state of mind". According to this concept, Hinckley committed his crime oblivious of the wrongfulness of his action. A mentally challenged person, including one with mental retardation, who cannot distinguish between right and wrong is protected and exempted by the court of law from being unfairly punished for his/her crime. (1) What is "insanity" and why is this subject of much controversy? Although I do not have a clear definition of insanity, most socially recognized authorities such as psychiatrists, medical doctors, and lawyers agree that it is a brain disease. However, in assuming it is a brain disease, should we link insanity with other brain diseases like strokes and Parkinsonism? Unlike the latter two, whose causes can be medically accounted for through a behavioral deficit such as paralysis, and weakness, how can one explain the behavior of crimes done by people like Hinckley? (2) Much of my skepticism over the insanity defense is how this act of crime has been shifted from a medical condition to coming under legal governance. The word "insane" is now a legal term. A nuerological illness described by doctors and psychiatrists to a jury may explain a person's reason and behavior. It however seldom excuses it. The most widely known rule in... ... a reversible state. When the defendant no longer tests positive in legal tests, an insane person miraculously becomes sane. Unfortunately, the same law does not account or recognize the physical, emotional or psychological states that may or may not be reversible. Works Cited: 1)All About the Insanity Defense, Mark Godo http://www.crimelibrary.com/criminal%5Fmind/ 2) Does Insanity "Cause" crime? : Thomas Szasz, M.D., The Myth of Mental Illness (1960) 3)M'Naghten Rule http://www.law.cornell.edu/journals.html 4)The Yates case: Commentary for United Press International; Susan Crump is a former prosecutor for Houston http://www.geocities.com/mental_illness 5) Donald E. Watson, MD taught and did research in nueropsychology, teaches at UC Irvine Medical School. http://www.enformy.com/ 6) Statistics http://www.crimelibrary.com/criminal%5Fmind/ The Insanity Defense Essay -- Argumentative Persuasive Essays The Insanity Defense Former U.S president Ronald Reagan was shot by a man named John Hinckley in the year 1981. The president along with many of his entourage survived the shooting despite the heavy infliction of internal and external injuries. The Hinckley case is a classic example of the 'not guilty by reason of insanity' case (NGRI). The criminal justice system under which all men and women are tried holds a concept called mens rea, a Latin phrase that means "state of mind". According to this concept, Hinckley committed his crime oblivious of the wrongfulness of his action. A mentally challenged person, including one with mental retardation, who cannot distinguish between right and wrong is protected and exempted by the court of law from being unfairly punished for his/her crime. (1) What is "insanity" and why is this subject of much controversy? Although I do not have a clear definition of insanity, most socially recognized authorities such as psychiatrists, medical doctors, and lawyers agree that it is a brain disease. However, in assuming it is a brain disease, should we link insanity with other brain diseases like strokes and Parkinsonism? Unlike the latter two, whose causes can be medically accounted for through a behavioral deficit such as paralysis, and weakness, how can one explain the behavior of crimes done by people like Hinckley? (2) Much of my skepticism over the insanity defense is how this act of crime has been shifted from a medical condition to coming under legal governance. The word "insane" is now a legal term. A nuerological illness described by doctors and psychiatrists to a jury may explain a person's reason and behavior. It however seldom excuses it. The most widely known rule in... ... a reversible state. When the defendant no longer tests positive in legal tests, an insane person miraculously becomes sane. Unfortunately, the same law does not account or recognize the physical, emotional or psychological states that may or may not be reversible. Works Cited: 1)All About the Insanity Defense, Mark Godo http://www.crimelibrary.com/criminal%5Fmind/ 2) Does Insanity "Cause" crime? : Thomas Szasz, M.D., The Myth of Mental Illness (1960) 3)M'Naghten Rule http://www.law.cornell.edu/journals.html 4)The Yates case: Commentary for United Press International; Susan Crump is a former prosecutor for Houston http://www.geocities.com/mental_illness 5) Donald E. Watson, MD taught and did research in nueropsychology, teaches at UC Irvine Medical School. http://www.enformy.com/ 6) Statistics http://www.crimelibrary.com/criminal%5Fmind/

Art of War Summary Essay

Art of War is a famous Chinese military strategy book written by Sun Tzu, an ancient Chinese military general. He was famous during his time and for his work entitled Art of War, which made him known even up to our century. According to Wallace (2010), Sun Tzu is the author of one of the most prominent pieces of literature during the era of the Warring States in which China entered around the first millennium B.C.E. In this work of art Sun Tzu takes a rational approach to the problem of conflict and dissects every aspect of it. Sun Tzu is undeniably an historical figure. The book is all about how to win a war by employing strategies and tactics given the information and ideas that every general must know from laying plans, handling his army, giving commands, positioning, maneuvering and all other important aspects mentioned by Sun Tzu. The book is concentrated on war strategies and tactics but Sun Tzu’s philosophies from the Art of War can be viewed from many perspectives. It can be applied on many circumstances including strategic management, the strategies and tactics that were laid on the book can be applied to many aspects of business management. Sun Tzu’s ideas believed that laying plans is vital before making any move. This idea is the same as careful planning and gathering reliable information before making any decision in strategic management. Assessing one’s environment is helpful in a business perspective, too. Know yourself, know your enemies. Knowledge is as important as guns and bullets in engaging war. Knowing the enemies and your own strengths and weaknesses is similar to SWOT analysis. Economic aspect must be considered in engaging business same as engaging in a war. Time is of essence that’s one thing that is common to war and strategic management. In business, decisions must be made in a timely manner. Be moral and ethical. Sun Tzu included Moral Law as one of the constant factors. In business, customers usually patronize those who are known for their ethical behaviour.   The true leader knows both how to utilize his resources and when to make a decision. He plans by making a combination of direct and indirect tactics. Handling resources and decision making are constant activities both in war and in managing business. Sun Tzu’s classical book was intentionally written for the conduct of war but his ideas and perceptions don’t just fit for war. The book addresses strategy in broad manner making it applicable to strategic management. II. Summary The first chapter of the book concentrates on ideas and information that a general must be aware of. The art of war is governed by five constant factors, all of which need to be taken into account. They are: the Moral Law; Heaven; Earth; the Commander; Method and discipline. These factors should be known to every general because this will serve as guidelines in conduct of a war. Knowledge on one’s environment and assessment of it is important to achieve victory. Sun Tzu believes that deception and intelligence will bring home the bacon. Second chapter’s central idea focused on how to do the battle, the tactics that must be employed when the battle is on and the economic aspect of war. Sun Tzu mentioned in this chapter that when you do battle for a long time it will dull your forces and exhaust your resources. Prolonged warfare only brings poverty to a country. Proper timing on when to attack, valuing every minute during the war, and making victory as the objective of every war will prevent prolonged warfare. Be flexible. Be a clever fighter. These are Sun Tzu’s message in the next two chapters. The fifth chapter tackles force and domination as a tool to build momentum. â€Å"The control of a large force is the same in principle as the control of a few men: it is merely a question of dividing up their numbers. Fighting with a large army under your command is not different from fighting with a small one: it is merely a question of instituting signs and signals.† This just means that a large size of the army doesn’t secure victory, proper handling of men and right commands somehow does. Avoid being deceived and shaped. The army must remain invisible to its enemy and maintain unity. Sun Tzu emphasizes in the sixth chapter that an army must know their own strengths and weaknesses. Then, figure the enemy’s strengths and weaknesses with the help of deception. By this, one can see the opportunities and threats brought by the environment. Maneuvering is the seventh chapter’s focus. Sun Tzu said that tactical maneuvering is difficult. Yes it is. Keeping an advantage is hard to maintain but this is very essential to shield your army from defeat. The next chapters are focused on how to respond on different war situations. Adaptation is elaborated in the eighth chapter of the book. Sun Tzu focuses on the need for flexibility in this chapter. He explains how to successfully respond to shifting circumstances. The succeeding entitled â€Å"The Army on March† describes how the army must move from one place to another, paths that requires expertise before you can go through it and the areas that must be avoided to maintain advantage. Chapter ten looks into the general aspects of resistance and the six kinds of terrains or field positions which each of which offers advantages and disadvantages both in terms of advancing position and defending the army. Sun Tzu said that the art of war recognizes â€Å"Nine situations† and these are elaborated in the eleventh chapter. These are: dispersive ground; facile ground; contentious ground; open ground; ground of intersecting highways; serious ground; difficult ground; hemmed-in ground; desperate ground. Translators say that these nine situations can be generally grouped into early, middle, and late-stage conditions, and they range from scattering to deadly. In each of these situations, there is one and only one appropriate response. As the title says, â€Å"Attacking by fire† this chapter is basically lays down the five different ways to attack the enemy using fire. First, burn the soldiers in their camp. Second, burn their stores. Third, burn their equipment. Fourth, burn their weapons. Lastly, burn their supplies. The ways mentioned have been widely used by many battles. The last chapter focuses on the importance of gathering information from reliable sources and managing them. It specifically discusses the value and methods of developing good information sources. It describes five kinds of spies: local spies, inside spies, reverse spies, dead spies, and living spies. Reliable information can help mold your own strategy and gain competitive advantage.

Reflection on Global Operation Management Essay

Pietra Rivoli who is an associate professor in the Georgetown University, specializes in finance and social issues, and is the author of the book, ‘The Travels of a T-shirt in the Global Economy’. The main reason which instigated Rivoli to write this book, was a speech a student had given at the Georgetown University, the student was severely criticizing globalization, and asking about who made the T-shirts they were wearing. She told some facts about child labor in India and Vietnam, which made everybody, sit up and think, including Rivoli. Rivoli then starts on a journey to find out some interesting facts about the origin of the T-shirt. Her case study starts in Texas at the home of Nelson Reinch, who produces enough cotton for more than 1.3 million T-shirts. Reinch and his colleagues control the whole world market of cotton, through hard work, determination, modern technology and much needed discounts from the government. Reinch was no where in comparison to the poor farmers in India and Africa, who did not have proper funds or government support in marketing their goods. Rivoli’s next stop was China, were she met a young woman Yuang Zhi, who spun the yarn for the fabric and sewed the shirt. This young lady worked for 50 hours a week, and earned nearly $150 per month. This woman’s working conditions were far better than the conditions in which women had to work previously in Manchester and England. This was probably the woman’s first encounter with independence and identity, which came in the form a paycheck, even though it was a small amount.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The most important point which was very surprising was that, throughout the world there must be millions of people who manufacture cotton, but the manufacturers from Texas were totally dominating the cotton industry, because of their shrewd manner by which they manage to avoid competition. These manufacturers manage to control the market by avoiding the labor market, which make the other manufacturers unable to compete with them due to no government and political assistance, lack of proper education and money. People who support globalization vow by the free trade of clothes, as it can be used to the advantage of the poorer countries. Rivoli was surprised to find that how recycled clothes from the USA were a rage in Tanzania. Used clothes from America get imported in huge quantities to Tanzania. Tanzania is a small country which was slowly proceeding towards a more liberal capitalist system from the socialist model. People are able to freely take part in the daily auctions of the clothes at the market place, and merchants are also making a mark for themselves in the cutthroat markets as consumers or retailers. Rivoli feels that free trade should be encouraged without any government or political interference in the markets. According to the author, United States is on the top of the market whereas Africa is at the bottom; she feels that USA will have a better chance to make progress economically if they give a reasonable chance of competition to other poorer countries. Tanzania is a proper example of how a free market should work, and these markets are extremely professional, but do not get acknowledged, because of the low capital raised through such markets, which is not significant. Two of the most important principles which need to be followed are that, government and political interference should not be there in any market. Another point is that the subsidy which US government gives the cotton manufacturers is indirectly harming other poorer countries. Rich people are becoming wealthier and the poor are becoming poorer. If the subsidies are reduced, the price of cotton can be increased, which would be beneficial to other poorer markets. Another important point which is a shock is that the clothes that people donate, are not given away freely to poor people, but are sold to middlemen for huge profits, which later land in the streets of   the Tanzania marketplace. Some of the most important principles which can be followed by other industries also are that free market in any trade should be encouraged, and people should have the power to voice their demands, meaning a free democracy should be prevalent to achieve a fruitful society. Government should support free trade in any industry, and should provide the necessary platform in the form of proper education and capital to help the markets grow. Some of the other reasons for the trouble that African industries are facing are the lack of proper authority, which is due to no proper education, corruption and insecurity. The author Rivoli made a very good job of the book, she was successful in exposing the secrets and complications of the cotton trade globally.   Her views on free trade and liberal democracy are very interesting, and should be followed by the authorities of the poorer countries for a better society. On the whole she succeeded in voicing her thoughts and opinions on the recycle market in Tanzania, and hopefully, their government will provide a strong platform for such global trades. References Kris Hundley, What a T-shirt Teaches Series., St Petersburg Times, 4 October 2007, . Lauren Dorsey, Lauren Barbieri, Zack Thomas, ‘The Travelers of a T-Shirt in the Global Economy, by Pietra Rivoli’, 4 October 2007, .

WEEK 6 DQ 2 Example

WEEK 6 DQ 2 Example WEEK 6 DQ 2 – Article Example Number Financial Controls in an Organization The finance management of an organization is among the most important aspects of the organization. For any business institution to ensure that it keeps a correct and accurate track of their financial assets, it is important to have different financial controls. They are tools used by an organization to track the finances of the organization so as to ensure that there are maximum returns on the investments of the organization (Griffin, 413).Financial statements are among the most important tools that are used by organizations in this endeavor. They are generally important records that may be kept by an organization or any business entity for formality. Studies give numerous reasons as to why this tool is among the most important tools used to check the financial position of an organization (Buffet & Clark, 18).Financial statements are vitally useful in the determination the progress of the business entity. In most cases, financial statement s regarding assets and liabilities are used to evaluate whether a business is making profits or losses. This is very important in the sense that the organization is in a better position to evaluate the strategies that need to be implemented for the success of the organization (Fabozzi & Drake, 1-5).They are also used by the management of the organization in order to plan for the future goals and objectives of the organization. In most cases, the goals of the organization are bound to fade due to time and improvements in technology. In order to ensure that the organization competes well in the market, the goals have to be adjusted order to match those of the current trends in the market (Plunket et al. 497).Plunkett, W. R., Allen, G. S., & Attner, R.F. Management: Meeting and exceeding customer expectations (10th Ed.). Mason, OH: South-Western Cengage Learning Publishers. 2013. PrintGriffin, R. Fundamentals of Management. New York: Cengage Learning Publishers. 2013. PrintBuffet, M & Clark, D. Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage. U.S.A: Simon and Schuster Publishers. 2008. PrintDrake, P.P & Fabozzi, F.J. Analysis of Financial Statements. New York: John Wiley and Son Publishers. 2013. PrintPlunkett et al. Management: Meeting and Exceeding Customer Expectations. New York: Cengage Learning Publishers. 2007. Print

Cylinder Deactivation Variable Engine Displacement

Cylinder Deactivation Variable Engine Displacement What is cylinder deactivation? It is a method used to create a variable displacement engine that is able to supply the full power of a large engine under high load conditions as well as the fuel economy of a small engine for cruising. The Case for Cylinder Deactivation In typical light load driving with large displacement engines (e.g. highway cruising), only about 30 percent of an engine’s potential power is utilized. Under these circumstances, the throttle valve is only slightly open and the engine has to work hard to draw air through it. The result is an inefficient condition known as pumping loss. In this situation, a partial vacuum occurs between the throttle valve and the combustion chamber- and some of the power that the engine makes is used not to propel the vehicle forward, but to overcome the drag on the pistons and crank from fighting to draw air through the small opening and the accompanying vacuum resistance at the throttle valve. By the time one piston cycle is complete, up to half of the potential volume of the cylinder has not received a full charge of air. Cylinder Deactivation to the Rescue Deactivating cylinders at light load forces the throttle valve be opened more fully to create constant power, and allows the engine to breathe easier. Better airflow reduces drag on the pistons and the associated pumping losses. The result is improved combustion chamber pressure as the piston approaches top dead center (TDC) and the spark plug is about to fire. Better combustion chamber pressure means a more potent and efficient charge of power is unleashed on the pistons as they thrust downward and rotate the crankshaft. The net result? Improved highway and cruising fuel mileage. How Does it All Work? In a nutshell, cylinder deactivation is simply keeping the intake and exhaust valves closed through all cycles for a particular set of cylinders in the engine. Depending on the design of the engine, valve actuation is controlled by one of two common methods: For pushrod designs- when cylinder deactivation is called for- the hydraulic valve lifters are collapsed by using solenoids to alter the oil pressure delivered to the lifters. In their collapsed state, the lifters are unable to elevate their companion pushrods under the valve rocker arms, resulting in valves that cannot be actuated and remain closed.For overhead cam designs, generally a pair of locked-together rocker arms is employed for each valve. One rocker follows the cam profile while the other actuates the valve. When a cylinder is deactivated, solenoid controlled oil pressure releases a locking pin between the two rocker arms. While one arm still follows the camshaft, the unlocked arm remains motionless and unable to activate the valve. By forcing the engine valves to remain closed, an effective â€Å"spring† of air is created inside the deactivated cylinders. Trapped exhaust gasses (from previous cycles before the cylinders were deactivated) are compressed as the pistons travel on their upstroke and then decompressed and push back on the pistons as they return on their down stroke. Because the deactivated cylinders are out of phase, (some pistons traveling up while others are traveling down), the overall effect is equalized. The pistons are actually just going along for the ride. To complete the process, fuel delivery for each deactivated cylinder is cut-off by electronically disabling the appropriate fuel injection nozzles. The transition between normal operation and deactivation is smoothed by subtle changes in ignition and camshaft timing as well as throttle position all managed by sophisticated electronic control systems. In a well-designed and executed system, the switching back-and-forth between both modes is seamless- you really don’t feel any difference and have to consult the dash gauges to know that its happened. Read more about cylinder deactivation at work in our review of the GMC Sierra SLT flex-fuel, and see the instant fuel economy it generates in the GMC Sierra test drive photo gallery.

Writer's choice Essay Example | Topics and Well Written Essays - 250 words - 32

Writer's choice - Essay Example However, there are other additional measures that can be used in determining the wellbeing. The majority of the areas picked are made of steel (review 350); consequently the heavier the post is, the more it will cost to buy. This shows that steel being heavy is preferred for the placement in the post of cantilever. This expresses that the lightest material of the three empty segments picked above will be the most practical to decide for the for the cantilever post. The rectangular and square blank areas measure the same in this way. This makes them obtain either one will have the same cost, however as the empty rectangular area has a higher component of wellbeing then that will be the most prudent methodology. As I would like to think, this task was done effectively. Most of the sensitive issures were put into consideration. As we decided the best measurements to get the best and most practical component of security for the cantilever post, the three best picked empty segment all have a variable of wellbeing. Over 1.5 which expresses that the undertaking was sufficient. As all the area selected are equipped for supporting the sign, we found that the most prudent empty segment post is discovered to be the "RHS(250 x 150 x 9)". This is as it has a high variable of wellbeing and light

Plantation Economy Essay Example | Topics and Well Written Essays - 2000 words

Plantation Economy - Essay Example (West and Augelli, 1999) The history of Central America is linked with the growth and development of the plantation economy. When the colonialists reached the land, they found enabling climate and they set of establishing plantations to create what came to be known as the sugar kingdom in the history of America. The economy of the region is large reliant on Agriculture. There is production of cash crop like coffee, bananas, sugarcane and cotton which is produced through large holding and most of the products is exported to the Northern American and to Europe. However there is also the growth of subsistence crops like corns, beans, bananas, mains, rice and pulley. In the drier regions there is the production of beef cattle. The large holdings most employee modern farming while the subsistence farmers still use the simple farming techniques that have been in use for along time now. (Wrigley, 1999) Plantation farming has been practiced in the region since the settlement of colonialists in the region. However the region still lags behind in economic development despite producing agricultural products to the world. Has the plantation economy helped the region develop economically or has it helped the investors in the large holdings' This paper represents a well arranged and researched inquisitive essay on the impact of large holding farming in the region. The first part will look at the historical development of the large scale farming over the time and how it has developed in the region. Then it will look at the impact this has been making on the economy of the region and at the end it will look at the present economic situation of these countries so as to make a conclusion of there the plantation economy has been of use to the region of if it has not helped the region. In the conclusion it will look the problem that the region has been facing and what can be done on the situation. Development of plantation economy in the region The historical development of plantation economy in the region dates back when the Spanish colonization was started. With the arrival of Spanish and other colonialist in the region, there was increased development of agrarian economy which was favored by the Amazon climate that extends to the region. When the Spanish came, they immediately stated planting bananas in large plantation around 1860s and by 1870 there was increased growth of banana in the region. Most of the plantations in the region were started along the railway lines which were by then expanding northward to America. When an American entrepreneur was commissioned by the Costa Rica government to build a transition railroad, he started growing bananas along the railway road and immediately began exporting them to United States. Keith was highly successful in the venture and he embarked on the same plantation economic along all other major railway roads that he built. He was able to acquire large tracks of undeveloped la nd and in the process expanded the development of banana plantation to Guatemala and Hondura. In 1869 he merged with Boston Fruit Company and formed the United Fruit Company which rapidly expanded to Central America and by 1955 the company had over 400,000 hectares under production of bananas. (Ferguson, 1998; Mahar and Schneider, 1994) As the colonialists settled there was

Business Law and conflict with trade secrets Research Paper

Business Law and conflict with trade secrets - Research Paper Example How does business law conflict with trade secrets, and to what extent does this conflict pose problems? This paper will conduct an overview of how the business law acknowledges trade secrets and how it attempts to protect them. Along with case law examples, a stance will be ascertained as to the conflicting elements between business law and trade secrets, and how these conflicts, if any, cause problems for companies that try to protect their trade secrets. How the law defines trade secret, protects it, and what action can be taken will be assessed on a deeper level, as well as a brief comparison to its application to patents and trademarks to determine just how these conflicts have arisen, and why. Companies spend vast amounts of money on perfecting and researching new methods, processes and products in order to make them ‘stand out’ from their competitors. For example, Company Z discovers, after research and careful planning, a new safety system for its family vehicles – a system which cost the company millions in research and is now able to set this company apart from its competitors in this area. Indeed, this company should be entitled to the benefits reaped by the research and effort, both financially, and on a reputational level. It should be protected from Company Y, which decides that it wants to reap the benefits also of Company Z’s research, but without having exerted the time and money. Not only is this unfair on many ethical levels, it also has the potential to create rifts in the market, for Company Z has put a large amount of funds into discovering something that Company Y steps in and takes for free. The law attempts to prevent such occ urrences, and recognizes the inevitable demise of companies such as Z in such situations. However, there is much potential for problems to arise, especially when the elusive trade secret is defined by the actions of the company which possesses it rather than its actual content per se. This element

Values for Children Essay Example for Free

Values for Children Essay Values for children is a very broad and controversial topic. There are many, myself included, that believe that our values come from God. I do understand that the same values can be taught without the use of God’s name, but I feel they lose something. Teachers with good values make an impact on students at every level. I know my most influential teacher does. I hope to one day as good of a teacher as she was. The values that I believe each educator needs to give a child what they most deserve are love and flexibility If a teacher loves her students, she wants to make sure that they are getting everything that they need, such as meals, clothing, and cleanliness. Whether it is from their parents or finding the family the help that they need to provide for the child. Love also gives patience and respect to those students that don’t understand a concept. These are exemplified in the philosophy of St James Preschool Program: PHILOSOPHY At St. James Catholic Preschool we will provide a safe, loving atmosphere where children can develop physically, intellectually, emotionally, creatively, socially, and spiritually. We will provide opportunities to learn in many different developmentally appropriate ways. We are a Catholic Christian Preschool, and will provide opportunities to learn to appreciate all of God’s creations. We will learn about God through song, prayer, and day-to-day activities. We will strive to instill a positive self-image in each child, and will gently guide him/her in making good choices. We want your child’s first school experiences to be positive ones, and will always make this our number one priority. From the St. James Preschool Handbook Flexibility, or an ability to go with the flow, is an asset to any teacher, especially when working with young children. Planning your day around little ones is very hard to do. Everything takes longer than normal and if a child has made up their mind not to do something it will take twice as long. Being flexible gives a teacher the ability to see around the problem and make adjustments to the schedule or activities of the day to accommodate the  children’s needs. Mrs. Linda Goesche was my Kindergarten teacher. She was amazing. I was small and young for a kindergartner. She worked with me and my parents to try to get me ready to move on to First Grade, but I just wasn’t ready. She came to my house and met with my parents and I. She did her very best to explain to me why I couldn’t move on with my class. I was very upset by this as most children would be, but by the time I finished my second year of kindergarten I was over it and not struggling to keep up. Actually, I was very blessed, I didn’t struggle much during the rest of my school career. I believe that Mrs. Goesche’s love for me and all of her students made her an exemplary teacher. I love kids. I didn’t know how much until I started to volunteer at my daughter’s school. I want to make their day better, to teach them something new, and to watch the look of discovery on their faces when they get it. My biggest struggle will come with flexibility. I like to do things on a schedule and get them done so I can move on to the next thing. With children that isn’t an option. You have to move at their pace and do things on their level. I know that I have a lot to learn, but I can’t wait to get started.

Short Interfering RNA Essay -- Biology

missing figures Background Information RNA inference (RNAi) was first discovered in Cenorhabditis elegans nearly a decade ago and have been revolutionizing gene-function analysis ever since. This discovery began the process by which scientists work with a known gene sequence and attempt to define its biological function by disrupting its activity in vivo. It involves the introduction of homologous double stranded RNA (dsRNA) to specifically target a gene's product and to disrupt the function of that gene in vivo. The resulting effects on an animal are referred to as a phenocopy due to the fact that it copies the phenotype of a loss-of-function mutation of that gene, but is not really inherited like how a true gene deletion would be. Despite the variety of technologies, this was not possible before due to the lack of genome information. The advances in gene sequencing throughout the past couple of years have allowed various usages of available technology to go after any gene and try to identify the gene, as well as to understand its specific function. Once the sequence is known, an open reading frame can be obtained to find a specific coding region of a gene by looking for the universal start codon, AUG, and the universal stopping codon, UAA, UUA, or UAG. From there, RNAi can be introduced into cells of certain organisms, with dsRNA as the interfering agent that can result in the destruction and degradation of a sequence specific messenger RNA (mRNA) that mimics a loss-of-function phenotype. In other words, RNAi is a very efficient and highly specific way in which to inactivate gene function and can serve as an alternative to gene knockouts, or the conventional antisense technology. The mechanism of how dsRNA results in... ...of a marker gene and a hairpin expression cassette in a viral vector would allow single-cell or mosaic analysis of gene function. †¢ It may be possible in the future to apply this process of hairpin siRNA synthesis to studies of neurogenesis and differentiation in mammals. The information contained in this website comes from (or was sought out because of) the paper entitled "RNA interference by expression of short-interfering RNAs and hairpin RNAs in mammalian cells" written by Dr. Jenn-Yah Yu, Dr. Stacy L. DeRuiter, and Dr. David L. Turner at the University of Michigan's Department of Biological Chemistry. Citations: DeRuiter, Stacy. Yu, Jenn-Yah. Turner, David L. "RNA interference by expression of short-interfering RNAs and hairpin RNAs in mammalian cells." Proceedings of the National Academy of Sciences, USA. Vol. 99, Issue 9, 6047-6052, April 30, 2002

Why K-Pop Should Be Banned

Argumentative Essay K-Pop wave should be banned in Malaysia. Nowadays, in the fast pacing world, the explosion of technology has brought everything underneath our hand. We can clearly see the generation gap that made the world now and the past ten years is different. The patterns of life changing and all sorts of routine thing that involved us are different too. In the past ten years, the outside culture will take a long time to absorb in our country.It’s a different situation now, with everything at our fingertip, and the simple example would be in the entertainment industry. The latest fashion, style, music, film, movie and in a simple word, an entertainment will easily enter our country without hesitation and no boundaries. I don’t agree that K-pop culture should be banned in Malaysia. We should see this matter in a positive side essay writer no plagiarism. There may be advantages of this wave. For example, it will add a variety of music in our country.If we can acce pt the western culture and their entertainment, why should we ban others? We should be more open-minded but it doesn’t mean that we should just blindly receive; we are now in the world of 21st century where all people are gifted with education and high knowledge so, we need to consider all the good and bad sides of the entertainment that will get into our country. Next, most of teenagers are attracted to K-pop culture because they want to release their tension or stress from their work because sometimes the day just won’t go the way you wanted it to be.The bands from Korea are known for their energetic performance and full of spirit. They gave their all when they stand on the stage and treat their fans will lot of love. When we are bored, the vitamin that we need is their ambitious performance that will surely rise up our mood and make us smile and completely cure our fatigue. Although some might said that k-pop will only addicted and wasted our time but as long as we can manage our life and make everything under control, we can handle everything. It’s all depend on us. We are the one who ave the right on ourselves. So make sure we control and manage our life, consider everything and take only a good thing and avoid all the bad influence that may come after us. As a conclusion, I strongly believe that k-pop shouldn’t be banned in Malaysia because we should spice up our entertainment industry with lot types of music genres. As long as we still consider every good and bad side of the things, we will surely not make a wrong decision. We also can raise up our own music industry and compete healthily with the current trends.

Short History of Bank

The History of JPMorgan Chase & Co. 200 Years of Leadership in Banking Table of Contents 1 2 3 4 5 6 7 8 9 10 11 12 12 13 14 14 15 16 16 This bronze sculpture, A River, is a cast of a famous work created by Jean-Jacques Caffieri in 1759. It depicts Oceanus, the Greek god of water. Oceanus was portrayed in the bank’s first logo, representing its origin as a water company. The Bank of The Manhattan Company used numerous versions of Oceanus from its founding in 1799 through the mid-1950s when it merged with Chase National Bank. Introduction The Beginning: The Manhattan Company Early Growth of Banks The Civil War and National Banking Origins and Influence of J. P. Morgan & Co. Financing Major Projects Banking at the Beginning of the 20th Century The World War I Years The Roaring ’20s The 1929 Market Crash and the Great Depression First-Class Business Glass-Steagall World War II Global Banking Banking Industry Consolidation Development of Credit Cards ATMs and Debit Cards Home Banking by Computer Difficult Competitive Environment Erosion and Repeal of Glass-Steagall Deregulation and Industry Consolidation Key Mergers That Shaped JPMorgan Chase & Co. JPMorgan Chase & Co. Today Cover Image References 17 17 19 20 21 The History of JPMorgan Chase & Co. Introduction JPMorgan Chase & Co. is one of the world’s oldest, largest and best-known financial institutions. Since our founding in New York in 1799, we have succeeded and grown by listening to our customers and meeting their needs. As a global financial services firm with operations in more than 50 countries, JPMorgan Chase & Co. combines two of the world’s premier financial brands: J. P. Morgan and Chase. The firm is a leader in investment anking; financial services for consumers, small business and commercial banking; financial transaction processing; asset management; and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients. JPMorgan Chase & Co. is built on the foundation of more than 1,000 p redecessor institutions that have come together over the years to form today’s company. Our many well-known heritage banks include J. P. Morgan & Co. , The Chase Manhattan Bank, Bank One, Manufacturers Hanover Trust Co. Chemical Bank, The First National Bank of Chicago and National Bank of Detroit, each closely tied in its time to innovations in finance and the growth of the United States and global economies. The pages that follow provide highlights of the JPMorgan Chase & Co. story – our history, our predecessor institutions, our people, our services and our philosophy. The Bank of The Manhattan Co. , JPMorgan Chase & Co. ’s earliest predecessor, commissioned this striking silver Tiffany & Co. ashtray in the 1950s. 1 The Beginning: The Manhattan Company Commercial banking in the United States got its start immediately after the Revolutionary War. The earliest American banks played a central role in the nation’s economic and industrial growth by lending money, safeguarding deposits and issuing bank notes that were used as currency. The Bank of New York – founded in 1784 by Alexander Hamilton, who became George Washington’s Treasury Secretary – was the first commercial bank in New York City. It had no competition until 1799 when Hamilton’s political rival, Aaron Burr, a U. S. Senator and future vice president of the United States, founded The Bank of The Manhattan Co. JPMorgan Chase traces its beginnings to Burr’s fledgling institution. The Bank of The Manhattan Co. had an unusual beginning. Burr led a group of New Yorkers, including Hamilton, in obtaining a state charter for a company to supply fresh water to the residents of Lower Manhattan. At Burr’s initiative, the charter included a provision allowing the company to employ its excess capital in any activity â€Å"not inconsistent with the Constitution and laws of the United States. † Burr then used that provision to start a bank. The waterworks, called The Manhattan Co. , laid a network of pipes made from hollowed pine logs and distributed water until 1842. The Bank of The Manhattan Co. outlived the waterworks and became one of the leading banking institutions in the nation – lending money and underwriting bonds, for instance, to help finance the Erie Canal, which opened in 1825. The Manhattan Co. wooden pipes carried water to more than 2,000 customers in Lower Manhattan for 43 years until the creation of New York City’s municipal water system. Wooden water pipes are still being unearthed by utility workers today. Alexander Hamilton collaborated with Aaron Burr and other civic leaders to establish The Manhattan Co. However, Hamilton opposed Burr's insertion of a provision in its charter enabling the water company to open a bank and withdrew his connection to the new firm. Antagonism between these two men over a variety of issues raged until 1804 when Burr challenged Hamilton to a duel; Hamilton was mortally wounded. The pistols were owned by Hamilton’s brother-in-law, John Church, whose granddaughter sold them to The Bank of The Manhattan Co. in 1930. 2 The Chemical Bank in New York sold its factory in 1851, continuing solely as a bank. The bank used the engraving shown here of the factory on stock certificates in the 1950s. The stained glass window and 25 cent fractional note from 1817 are from The Western Reserve Bank in Warren, Ohio, Bank One’s earliest predecessor. Early Growth of Banks As America expanded and diversified in the 1800s, new banks were formed across the nation. JPMorgan Chase has historic links to many of these early institutions, including The Western Reserve Bank, one of the first banks in Ohio when it was organized in 1812; Second State Bank of Indiana, formed in 1834 when Indianapolis still was a frontier town with a population of about 1,500; and Springfield Marine and Fire Insurance Co. which began operation in Illinois in 1851. Abraham Lincoln was one of its first customers, depositing $310. All three banks are predecessors of Bank One, which merged with JPMorgan Chase in 2004. Individual states controlled the creation of banks in the early 1800s, and several states were highly restrictive in granting charters or awarding them only to organizers who belonged to the politi cal party in power. Demand for banking services was so great, however, that entrepreneurs sometimes found ways to get around such prohibitions. Some of the banks were offshoots of industrial or commercial businesses. New York Manufacturing Co. egan in 1812 as a manufacturer of cottonprocessing equipment and switched to banking five years later. It was a forerunner of Manufacturers Hanover Trust Co. on the JPMorgan Chase family tree. In 1823, the New York Chemical Manufacturing Co. began producing medicines, paints and dyes at a plant in Greenwich Village. It modeled its charter on The Manhattan Co. , using its excess capital in 1824 to later open a bank called The Chemical Bank, which joined the JPMorgan Chase family in 1996. To sidestep Wisconsin’s prohibition against banking, Scottish immigrant George Smith founded the Wisconsin Marine and Fire Insurance Co. n 1839, which, despite its name, operated like a bank by accepting deposits and issuing bank notes redeemable in gold . The notes, known popularly as â€Å"George Smith’s money,† were used as currency throughout the Midwest. By one estimate, they represented nearly 75% of the currency in circulation in Chicago in 1854. Smith’s company became the first legally approved bank in Wisconsin following statehood and later was known as The Marine Corp. , merging with Bank One in 1988. 3 The Baroque-era iron chest was used from 1809 to 1818 to transport currency and valuables between The Bank of The Manhattan Co. s Wall Street office and its branches in Utica and Poughkeepsie, New York. JPMorgan Chase & Co. has an extensive collection of early currency, including the first $1 federal â€Å"greenback† note, printed in 1862 by the U. S. Treasury with the image of Salmon P. Chase. Chase National Bank’s first permanent office opened in 1878 at 104 Broadway – the first New York City bank without a Wall Street address. The Civil War and National Banking By 1860, just prio r to the Civil War, the nation had more than 1,500 commercial banks with nearly $700 million of loans outstanding. The war brought challenge and change. The United States did not have a unified national currency when the war began. Instead, individual banks issued paper money in the form of notes. Although this system had served the nation well in its formative years, more than 7,000 different types of bank notes – of various shapes, sizes and colors issued by various banking institutions – were in circulation, resulting in confusion and inefficiency. The situation changed in 1862 when the Union began printing â€Å"greenback† currency to help finance the war. With the passage of the National Banking Act of 1863, the United States adopted a dual system of federal and state chartered banks. One of the pioneering institutions was The First National Bank of Chicago, which received federal charter number eight in 1863; First National became part of Bank One in 1998. Other predecessors founded or reorganized in the wake of the National Banking Act include Hanover National Bank (New York), Indiana National Bank (Indianapolis), The National Bank of Commerce (New York), State National Bank (Evanston, Illinois) and Union National Bank (Chicago). Initially, only a handful of banks applied for national charters, but the trickle soon became a flood in 1865 when the federal government began imposing a 10% tax on bank notes issued by state banks. By 1868, there were only 247 state banks left in the entire country compared with 1,640 national banks. Many thought that state banks would disappear altogether, but a surprising turnaround occurred: Forced to find a substitute for notes, state banks invented interest-paying demand deposits (deposits that could be withdrawn at any time). With this new service at their disposal, state banks rebounded and outnumbered national banks by 1894. Both types of institutions continue today, contributing to America’s decentralized banking system in which banks of varying sizes serve the needs of small businesses, large businesses and consumers in local, regional, national and international markets. During the severe economic downturn in the decade following the Civil War, John Thompson, a 75-year-old Wall Street publisher and banker, established Chase National Bank in a one-room office in Manhattan in 1877. Thompson named the bank in honor of his late friend, Salmon P. Chase, who had not only been President Lincoln’s Treasury Secretary but also had served as governor of Ohio and chief justice of the United States. The firm soon became a respected correspondent bank and expanded rapidly in the early 20th century by developing a large corporate business. By 1930, it was the world’s largest bank, with assets of $2. 7 billion. In 1955, it merged with The Bank of The Manhattan Co. to form The Chase Manhattan Bank. 4 This sterling silver guest book cover, 1895, and dinner service pitcher were commissioned for J. Pierpont Morgan’s yacht. Corsair was the name given to all four of the steam yachts owned by the Morgans between 1882 and 1943. J. Pierpont Morgan played a pivotal role in resolving the two-week-long financial crisis in October 1907. His syndicate memorandum outlined plans for the purchase of $30 million in bonds to prevent New York City from defaulting on its obligations. Origins and Influence of J. P. Morgan & Co. JPMorgan Chase’s other namesake predecessor, J. P. Morgan & Co. , was founded in New York in 1871 as Drexel, Morgan & Co. by J. Pierpont Morgan and Philadelphia banker Anthony Drexel. The new merchant banking partnership served initially as an agent for Europeans investing in the United States, ultimately raising much of the capital to support American industrial expansion. It did not take long for the Drexel-Morgan partnership to establish itself as the nation’s pre-eminent private domestic and foreign bank. The firm made its first big splash in 1879 when it sold financier William Vanderbilt’s New York Central Railroad stock without driving down the share price. The deal – involving the largest lock of stock ever offered to that time – was a huge success, emphasizing Morgan’s strength as a mobilizer of capital and wholesaler of securities. From that point forward, the Morgan firm was closely associated with the railroad industry. Railroads in the United States were plagued throughout the late 19th century by overcapacity and rate wars, but J. Pierpont Morgan saw opportunity in the s ituation. He became an industry consolidator, reorganizing financially troubled railroads by cutting their costs, restructuring their debt, placing their stock in trusts he managed and appointing senior executives who were loyal to him. This process, called â€Å"Morganization,† was applied to the Northern Pacific, the Erie, the Reading and many other railroads. By the end of his career, Morgan had an integral role in approximately one-sixth of the track in the United States. J. Pierpont Morgan began his career as the New York agent of his father Junius’ London-based private bank. He became one of America’s most powerful and influential bankers, heading what became the nation's pre-eminent private bank. As the American railroad network neared completion in the 1890s, the Morgan houses turned to providing funds for the great industrial mergers, including General Electric, U. S. Steel and International Harvester. J. P. Morgan & Co. , as it later was known, became the most powerful investment bank in the world and J. Pierpont Morgan, known for his integrity and judgment, one of history’s most influential and powerful bankers, personally intervening in business disputes and orchestrating solutions during economic crises. When gold reserves fell in 1894, J. Pierpont Morgan formed a syndicate to save he gold standard for the U. S. government and, through his influence, played a central role during the 1907 financial panic, saving several trust companies and a leading brokerage house, bailing out the City of New York and rescuing the New York Stock Exchange. 5 Orville Wright’s passbook from 1912 to 1918 from his account at Bank One predecessor Winters National Bank in Dayton, Ohio. Predecessors of Texas Commerce Bancshares, Inc. helped finance the Houston Ship Channel, today one of the busiest waterways in the United States, linking the port of Houston and petrochemical plants along the channel with the Gulf of Mexico. Financing Major Projects The late 19th and early 20th centuries were an era of memorable engineering projects and revolutionary technologies, many financed with capital from heritage JPMorgan Chase institutions. The Brooklyn Trust Co. was a major lender for the construction of the Brooklyn Bridge, completed in 1883, which featured the world’s longest suspension span. William L. Strong, founder of The New York Security & Trust Co. , was a member of the American finance committee that raised funds for the Statue of Liberty’s pedestal, the largest 19th century concrete structure in the United States. In 1904, J. P. Morgan & Co. helped finance the Panama Canal by raising $40 million for the U. S. government to buy land rights from the bankrupt French Panama Canal Co. The purchase, at the time, was the largest real estate transaction in history. 6 In 1911, Union National Bank and National Bank of Commerce in Houston, predecessors of legacy institution Texas Commerce Bancshares, Inc. , helped finance the construction of the 50-mile-long Houston Ship Channel, one of the largest public projects in the Southwest. These banks persuaded other Houston banks to purchase unsold municipal bonds issued to finance the channel’s construction. The Houston Ship Channel opened in 1914 to great fanfare and today is one of the busiest waterways in the United States. Apart from major construction projects, Winters National Bank in Dayton, Ohio, was present at the birth of aviation, providing banking services to the pioneering Wright brothers from the early years of their bicycle shop in the 1890s through their invention of the world’s first successful airplane. The Statue of Liberty was partly financed by a group that included the president of a Chemical Bank predecessor, The New York Security & Trust Co. This bank later merged with The Liberty National Bank, which used the statue as its logo between 1891 and 1921. The Brooklyn Trust Co. , a Manufacturers Hanover Trust Co. predecessor, helped finance construction of the Brooklyn Bridge, which opened in 1883. Pictured here are regional predecessors, from left to right: First National Bank of Mantua, Ohio; National Exchange Bank, Milwaukee, Wisconsin; and South Texas National Bank. Porters carrying a currency chest at Fourth National Bank, a Chase Manhattan Bank predecessor, in 1910. Banking at the Beginning of the 20th Century Banking at the dawn of the 20th century was different in many ways than it is today. Most states – the primary banking regulators at the turn of the century – prohibited or severely restricted branching, fearing that small banks might have trouble competing with large banks if branching were allowed. As a result, the United States was a nation of one-office banks, the vast majority of which were small institutions. In 1898, New York became one of the first states to permit branch banking on a limited scale when it allowed New York City banks to have branches anywhere in the city’s five boroughs. The Corn Exchange Bank, a predecessor of Chemical Bank, quickly capitalized on the new rules, opening a dozen branches within four years and changing its focus from providing credit to grain merchants to serving retail customers. When New York City inaugurated its subway system in 1904, the bank opened branch offices in residential areas along the subway lines to serve commuters. In 1913, Congress established the Federal Reserve System to regulate the money supply and manage the economy. The Federal Reserve formally assumed the role of central banker that had been informally held by J. Pierpont Morgan for years. The Federal Reserve Act of 1913 gave national banks the right to make real estate loans and exercise trust powers. The 19th century corporate seal shaped like a lion’s head and the Brandt Automatic Cashier, a mechanical change maker from the 1920s used by bank tellers, are examples of early mechanical devices used in banks. 7 Guaranty Trust Co. mployees, below, posed at an officers’ training camp in Plattsburgh, New York, in 1917. The Ouachita National Bank in Monroe, Louisiana, distributed this 1919 customer brochure, left, profiling important leaders in the Allied cause. Patriotic imagery was used extensively in posters to spur sales, as in this one from 1918. Many JPMorgan Chase & Co. predecessors were active in the distribution of Wa r Bonds that helped finance the American war effort. The World War I Years World War I was devastating for Europe, America and the world. Many bank employees joined the armed forces, in some cases giving their lives. J. P. Morgan & Co. played a major role in financing the Allied victory. In September 1915, the firm arranged a $500 million Anglo-French loan, at that time the largest foreign loan in Wall Street history. Moreover, the firm was chosen by the European Allies as their U. S. purchasing agent. Its purchases during the war – involving everything from horses to artillery shells – came to $3 billion, representing nearly half of all American supplies sold to the European Allies. The war was, at the same time, a watershed for the U. S. economy and the nation’s banks. The United States was a net debtor nation when the war began in 1914. After the war, with many parts of Europe in ruins and desperately in need of reconstruction loans, the United States supplied much of the capital and became a net creditor nation. In the process, New York emerged as the world’s leading capital market. Before the United States entered the war, J. P. Morgan & Co. aided the British and French, arranging a $500 million loan that was offered to investors in the United States. Britain’s King George V sent this cable personally thanking J. P. Morgan, Jr. , for his wartime help. Shanghai The Roaring ’20s The banking industry changed dramatically in the 1920s, a decade of innovation and diversification. Many banks formed investment departments to meet customer demand for government and corporate securities. Some large banks went beyond the marketing of securities and established underwriting affiliates. Chase National Bank and Guaranty Trust Co. in New York became major players in the underwriting business – Chase in 1917 through its Chase Securities Corp. affiliate and Guaranty Trust through its Guaranty Co. affiliate, established four years later. Diversification took banks into other areas as well. In 1919, The First National Bank of Chicago created an affiliate, First National Investment Co. , which invested in second mortgages and operated a travel agency. The 1920s also saw a wave of bank mergers, failures and voluntary liquidations, with the result that the number of banks in the United States declined by 20% from 1921 to 1929. Global expansion was another key theme of the 1920s, made possible by the Federal Reserve Act of 1913, which removed many legal obstacles in the chartering of overseas branches. Ironically, some banks suddenly found it easier to establish branch offices in distant lands than to overcome state anti-branching laws in order to open branches at home. Chase National Bank, after acquiring five banks during the 1920s and three Latin American branches in Cuba and Panama, merged with The Equitable Trust Co. of New York in 1930. Equitable Trust’s branches in Mexico City, London, Paris, Hong Kong, Paris Shanghai and Tianjin all became part of Chase when the two companies merged. Chase began the 1930s with one of the banking industry’s larger overseas branch systems, with a presence in Europe, Asia and Latin America. The Chase-Equitable merger not only created the world’s largest bank in terms of assets and deposits but also gave the Rockefeller family, which controlled Equitable, a strong connection to Chase. The Rockefellers have been associated with Chase ever since. Not only were banks interested in foreign opportunities, so were many stock market investors. In 1927, Guaranty Trust Co. opened the way for Americans to buy foreign stocks by inventing the American Depositary Receipt (ADR). JPMorgan Chase & Co. continues as the leading ADR depositary bank today. San Juan London Foreign branches, such as those in Shanghai, Paris, San Juan and London, offered full-service banking in the 1920s, including trade financing and government loans. 9 On March 24, 1933 customers mobbed the new National Bank of Detroit to open 562 accounts on the bank’s opening day, following six weeks without banking services in Detroit. Customers brought in bundles of currency and coins ranging from a few hundred to several hundred thousand dollars. Numerous First National Bank of Chicago customers wrote letters to Melvin Traylor, the bank’s president, thanking him for inspiring confidence and offering him their support. The 1929 Market Crash and the Great Depression Although the banking industry had an abundance of money to lend in the 1920s, large corporations borrowed less, choosing instead to finance a sizable portion of their capital needs in the stock and bond markets. Consequently, banks sought new lending outlets, including loans to individuals speculating in the stock market. As the stock market rose, these loans produced solid returns. But when the market crashed in October 1929, many of the loans went into default. For the banking industry, the 1930s would be the most difficult period in history. In the years after the crash, thousands of banks faced hard times because of loan losses, depositor withdrawals, 10 inadequate reserves and, in some cases, the collapse of speculative investments made in the 1920s. Even well-capitalized, well-managed institutions were battered by the financial panics that swept across the nation. In June 1932, depositors began withdrawing money from First National – Chicago’s largest bank – when unknown individuals circulated flyers claiming First National was insolvent. Media reports speculated that the attacks were the work of political enemies of First National’s president, Melvin Traylor, considered a potential Democratic Party nominee for U. S. president. Traylor responded to the attacks with an impassioned speech, attesting to First National’s soundness, ending the run. In Houston, two of the city’s major banks were on the brink of collapse in October 1931. National Bank of Commerce President Jesse Jones called a secret meeting of the city’s bank leaders, urging them to pool $1. 25 million to save the failing institutions. Some of the bankers did not want to risk any of their limited capital, but Jones argued that allowing the two banks to collapse might bring down the entire banking sector in the city. A rescue was finally agreed to, including the absorption of one of the failing banks by Jones’ National Bank of Commerce. Because of his leadership, not a single bank in Houston collapsed during the Depression. While thousands of banks across the country went out of business during the ’30s, JPMorgan Chase predecessor National Bank of Detroit was formed at the very depths of the Depression. After Michigan’s governor declared an eight-day bank holiday in February 1933 – closing all of Michigan’s banks so they could regroup financially – Detroit’s two largest banks lacked the funds to reopen, leaving the city virtually without banking services for the next six weeks. General Motors Corp. and the federal Reconstruction Finance Corp. , the government agency that provided emergency financing to banks, stepped into this void to establish National Bank of Detroit. Local corporations and consumers, desperate for checking services, flocked to the new institution. On the bank’s first day, Chrysler Corp. deposited $4 million, General Motors $1 million and General Electric Co. $500,000. The two founding institutions divested their ownership in the 1940s, and National Bank of Detroit grew into the largest bank in Michigan. It merged with First Chicago Corp. in 1995 to form First Chicago NBD Corp. â€Å"first-class business †¦ in a first-class way† In May 1933, J. P. Morgan, Jr. , who had become the senior partner of J. P. Morgan & Co. following his father’s death in 1913, testified at a series of Senate committee hearings. He publicly stated the guiding principle of his firm – to conduct â€Å"first-class business †¦ in a first-class way. † First-Class Business In May 1933, J. P. â€Å"Jack† Morgan, Jr. , as well as several Morgan partners and other major bank executives, testified at hearings held by the Senate Committee on Banking and Currency investigating the causes of the 1929 stock market crash and the subsequent banking crisis. The hearings raised the question of the role banks played in the speculative fever leading up to the crash. J. P. Morgan & Co. as the first private bank investigated and Jack Morgan the first Morgan witness. In his opening statement, Jack Morgan emphasized with great dignity the duties and ethics of the private banker upheld by three generations of Morgans at the firm and still a cornerstone of JPMorgan Chase & Co. today: â€Å"If I may be permitted to speak of the firm of which I have the honour to be the senior partner, I should state that at all times the idea of doing only first-class business, and that in a firstclass way, has been before our minds. We have never been satisfied with simply keeping within the law, but have constantly sought so to act that we might fully observe the professional code, and so maintain the credit and reputation which has been handed down to us from our predecessors in the firm. † This building at 23 Wall Street, which opened in 1914, was the headquarters of J. P. Morgan & Co. for 75 years. It embodied the discreet style of business that characterized the firm. The building facade never bore a name, only the number 23 on its entrance doors. 11 Wartime volunteer activities of bank employees included holding blood drives, assembling care boxes, knitting clothes and raising money to buy ambulances. Chase National Bank employees folded surgical dressings. Arm bands, far left, were given to New York’s Manufacturers Trust Co. air raid wardens. World War II ad campaigns promoted the patriotic efforts of banks as bond sellers, buyers of Treasury securities and lenders to industry. Glass-Steagall In the wake of the banking crisis, President Franklin D. Roosevelt’s administration sought legislation to reduce banking risk. Congress responded by passing the Banking Act of 1933. Popularly known as GlassSteagall, the act created federal deposit insurance, prohibited the payment of interest on checking accounts and authorized the Federal Reserve to impose a ceiling on the interest banks could pay on time deposits and savings accounts. Equally important, the law erected a wall between commercial banking (taking deposits and making loans) and investment banking (underwriting securities). Three predecessors, in particular, had to make a choice. J. P. Morgan & Co. , still the world’s most powerful bank, chose to continue as a commercial bank, spinning off its investment banking activities. Guaranty Trust Co. , which also had a major presence in commercial and investment banking, closed its securities affiliate and underwriting business. Morgan and Guaranty merged in 1959 to create Morgan Guaranty Trust Co. of New York, later forming a holding company that restored the famous J. P. Morgan & Co. name. For Chase National Bank, the decision was relatively easy. Its newly elected chairman, Winthrop Aldrich, had spoken out publicly in favor of driving a wedge between commercial and investment banking. Chase National complied immediately with the new law, closing or spinning off all its Chase securities affiliates. World War II The banking industry recovered from the trauma of early 1933 and began to stabilize. More than 4,000 banks had failed during the year. In 1934, there were just 61 failures; over the next eight years, 53 institutions, on average, failed annually. After America entered the war in 1941, U. S. commercial banks again became the leading distributors of War Bonds, which were sold in denominations as small as $10. By war’s end, more than 60% of the American population had bought War Bonds, with total purchases coming to $186 billion. Hundreds of thousands of bank employees served in the military during the war. As men (and some women) left their jobs to enlist, banks appointed women to positions previously held by men – an initial small fracturing of the traditional male dominance of banking. The Great Depression had highlighted the need for increased global cooperation to avoid another worldwide economic collapse. Toward the end of World War II, policymakers in the United States, Great Britain and other nations began to develop an international system aimed at promoting financial stability and encouraging global trade. 12 During World War II, Valley National Bank, the largest bank in Arizona, offered a unique loan of up to $300 to airmen stationed at Arizona airfields, enabling them to travel on home leaves. One hundred percent of the airmen repaid their loans. In 1973, Chase Manhattan Bank Chairman David Rockefeller visited China and met with Chinese Prime Minister Chou En-Lai. Chase became the first U. S. correspondent to the Bank of China since the 1949 Chinese Revolution. London As one of the first U. S. banks to recognize growing international trade, Chase National Bank used a bold ad campaign to promote its capabilities abroad. Chase National Bank’s Tokyo branch initially concentrated on assisting American businesses in the development of trade with Japan. By the early 1950s, Chase opened a branch in Osaka, as well as additional branches on American bases in Japan, providing banking services to U. S. military personnel. Global Banking Globalization in the postwar period began slowly. By 1965, only 12 U. S. banks had opened branches outside the United States. These included five predecessors of JPMorgan Chase – The Chase Manhattan Bank, Chemical Bank, The First National Bank of Chicago, Manufacturers Hanover Trust Co. nd Morgan Guaranty Trust Co. Chase’s postwar expansion was led by David Rockefeller, who joined the bank in 1946 as assistant manager of the Foreign Department after serving in Army intelligence during World War II. He was elected vice president of Chase in 1949, president in 1961 and chief executive officer in 1969. In 1947, at the invitation of U. S. military Paris In 196 0, the newly formed Morgan Guaranty Trust Co. opened a second London branch on Berkeley Square. Its Paris office on the historic Place Vendome was acquired by J. P. Morgan & Co. in 1917. It remains the firm’s main office in Paris today. authorities, Chase established the first U. S. postwar bank branches in Germany and Japan. These branches joined existing Chase branches in London and Paris and were followed by the opening of others around the world. In the 1970s, Chase added nearly 40 new branches, representative offices, affiliates, subsidiaries and joint ventures outside the United States, including two historic firsts in 1973: Chase opened a representative office in Moscow, the first presence for a U. S. bank in the Soviet Union since the 1920s; and Chase became the first U. S. correspondent to the Bank of China since the 1949 Chinese Revolution. In addition to Chase, several other predecessors transformed themselves into global institutions. Morgan Guaranty Trust Co. became a major international player. Prior to the merger with Guaranty Trust Co. , J. P. Morgan owned a one-third interest in London merchant bank Morgan Grenfell & Co. while Guaranty had maintained a London office since early 1897. These operations were a platform for global expansion. By 1965, Morgan Guaranty had five overseas branches, and by 1978, it had 16. Among Midwestern banks, The First National Bank of Chicago was perhaps the most active internationally, establishing offices in 25 countries by 1973. By 1980, some 160 U. S. banks were operating branch or representative offices outside the United States. In turn, many banks in Europe, Asia and other regions extended their operations to the United States. 13 This 1955 ad announced the merger of Chase National Bank and The Bank of The Manhattan Co. Pictured here, from left to right, are logos from JPMorgan Chase & Co. predecessor holding companies: Horizon Bancorp (N. J. ), American National Corp. (Ill. ), American Fletcher Corp. (Ind. ), Texas Commerce Bancshares, Inc. and First Banc Group of Ohio, later renamed Bank One Corp. Banking Industry Consolidation In addition to the powerful trend toward globalization, a second major postwar trend was industry consolidation through mergers, acquisitions and the formation of multi-bank holding companies. In New York City, a wave of mergers created a few big banks serving many customers through extensive branch networks. All four of JPMorgan Chase’s major New York City heritage firms – J. P. Morgan & Co. , The Chase Manhattan Bank, Manufacturers Hanover Trust Co. and Chemical Bank – grew through mergers in the 1950s. After passage of the 1956 Bank Holding Company Act, all four created holding companies that gained popularity and helped shape the industry for decades. The new law allowed holding companies owning just one bank to diversify into some nonbanking activities. 14 First Banc Group of Ohio, formed in 1968, was one of the most innovative and successful multi-bank holding companies in the nation, created by City National Bank & Trust Co. f Columbus and Farmers Saving & Trust Co. , a smaller Ohio bank. First Banc Group acquired banks throughout Ohio and later extended its acquisitions to Arizona, Colorado, Indiana, Texas, Utah, Wisconsin and other states. The company later changed its name to Bank One Corp. the nation to offer customers a single retail charge account that provided credit at a citywide network of stores. In 1966, shortly before founding Fir st Banc Group of Ohio, City National Bank & Trust Co. of Columbus became one of the first banks outside California to introduce BankAmericard, the precursor of Visa. Five years later, City National was involved with the first major national test of point-of-sale terminals for processing credit card transactions. Manufacturers Hanover Trust Co. and Chemical Bank entered the national credit card business in 1969 as founding members of the Eastern States Bankcard Association. This group linked up with other regional bank groups to form a nationwide network that began issuing cards under the Master Charge Plan (now MasterCard), a direct competitor of BankAmericard. In 1981, Bank One received national attention for linking its Visa card issuance and data processing technology to several ajor brokerage firms’ money market funds, giving customers access to their money market accounts through their Visa cards. Propelled in part by the popularity of this new service, Bank One became the nation’s largest processor of Visa card transactions. Development of Credit Cards Although the first multi-use credit card was launched by Diners Club in 195 0, credit cards did not gain widespread public acceptance until the late 1960s. Several JPMorgan Chase predecessors played key roles. In 1958, The Chase Manhattan Bank introduced the Chase Manhattan Charge Plan, becoming the first New York City bank and one of the first in By 1969, the Chase Manhattan Charge Plan had become the leading bank credit card in the New York area. Through the vision and foresight of Chairman John G. McCoy, City National Bank & Trust Co. launched several production model cashdispensing machines in 1970, using BankAmericard credit cards. Columbus, Ohio, became a test market for the new technology. ATMs and Debit Cards JPMorgan Chase predecessors were instrumental in introducing automated teller machines (ATM), which revolutionized banking by allowing customers to conduct transactions from almost any ATM in the world. In 1969, Chemical Bank installed the first prototype cash-dispensing machine in America, a precursor of the ATM, becoming the first bank in the country to allow customers to withdraw cash 24 hours a day. City National Bank & Trust Co. of Columbus also embraced the new technology, installing the first production-model cash-dispensing machines in 1970. Several predecessors of JPMorgan Chase also were instrumental in forming some of the early electronic banking networks to enable customers to withdraw funds from ATMs not only at their own banks but also at competitor banks. Marine National Exchange Bank of Milwaukee helped establish TYME (Take Your Money Everywhere); National Bank of Detroit was a founder of METROMONEY, the first shared electronic bank terminal program in Michigan; and in 1985, Chemical Bank and Manufacturers Hanover Trust Co. were among the founders of NYCE (New York Cash Exchange), the first automated teller network in the New York metropolitan area. Bank debit cards, introduced in the late 1970s, enabled customers to withdraw cash from ATMs, pay for retail purchases with a card in lieu of a check and access additional banking services. The Chase Manhattan Bank introduced the Chase Money Card – the first Visa debit card offered by a bank in New York. In 1969, Chemical Bank’s prototype cash-dispensing machine, developed by Docutel Corp. , was designed to be activated by magnetic-encoded Master Charge credit cards. 15 As promoted in this early 1980s ad, The First National Bank of Chicago offered the first bank account fully competitive with money market funds and insured by the Federal Deposit Insurance Corporation. Home Banking by Computer Several JPMorgan Chase predecessors played key roles in the development of home banking. In 1980, Bank One developed and tested one of the earliest online home banking services. Called Channel 2000, it allowed bank customers to view their bank and department store balances on a television screen, pay bills and shift money between accounts. The service worked over regular telephone lines; the Internet – which is used today for home banking – was not commercialized until 1987. In 1983, Chemical Bank introduced Pronto, the first major full-fledged online banking service. Using a home computer, modem and software, customers could pay bills, transfer funds, review account balances, track budgets and balance their checkbooks. After establishing the service in New York, Chemical began licensing it to banks around the country and later introduced a version for small businesses. In 1985, The Chase Manhattan Bank launched its electronic home banking service, called Spectrum, which not only permitted banking transactions but also allowed customers to buy and sell stocks through a discount broker affiliated with Chase. Difficult Competitive Environment The restrictions imposed on banks by Glass-Steagall began to erode in the 1970s as competition from nonbanking institutions and the growing role of echnology drove change. Innovative financial products were launched by brokers, mutual fund companies, savings banks and other providers – products that enabled customers to earn higher returns on their money and enjoy greater flexibility in managing their assets. Many of these products competed with savings accounts, checking accounts and other banking services. In this prolific environment of innovation and c hange, regulatory policies originally aimed at protecting banks were handicapping their ability to compete, and rate deregulation began slowly. In 1978, the Federal Reserve authorized banks to issue a new product – the six-month money market certificate with a variable rate ceiling tied to six-month Treasury bills. Nearly all of JPMorgan Chase’s predecessor banks offered the certificates. Later that same year, banks were authorized to introduce â€Å"sweep† services, overcoming the long-standing prohibition against paying interest on checking accounts. This helped banks compete with brokerage firm sweep programs and thrift institutions’ interest-paying NOW checking accounts, which combined checking and savings in a single account. When in 1979 commercial banks got regulatory approval to offer NOW checking accounts, The Chase Manhattan Bank was among the first to introduce the new service. Spurred in part by this piecemeal and sometimes complex deregulation, Congress passed the Depository Institutions Deregulation and Monetary Control Act of 1980, which phased out all savings rate ceilings on consumer accounts over a six-year period, completely removing the rate ceilings imposed by Glass-Steagall by 1986. Ever committed to advancing bank technology, JPMorgan Chase’s predecessors were innovators of early home banking technologies. Bank One tested Channel 2000 in 1980. 16 By the 1980s, debate over banking deregulation and the removal of barriers between commercial and investment banking had raged for nearly two decades. J. P. Morgan & Co. Chairman Dennis Weatherstone, pictured in the 1986 Fortune article, was â€Å"eager for underwriting. † The Chase Manhattan Bank campaigned aggressively for the repeal of Glass-Steagall. A 1988 ad noted that 77% of business executives in non-financial firms supported repeal and that bank customers had been â€Å"denied the benefits of free enterprise for far too long. † Erosion and Repeal of Glass-Steagall Another fundamental element of GlassSteagall – the wall between commercial and investment banking – crumbled in response to market change, and JPMorgan Chase heritage institutions were in the center of the action. In 1987, The Chase Manhattan Corp. became the first commercial banking institution to receive Federal Reserve approval to underwrite commercial paper (unsecured short-term corporate debt). Another New York bank previously had been permitted to sell commercial paper as an agent, but Chase was the first to underwrite and deal in paper for its own account. The Fed quickly expanded the scope of the Chase ruling by allowing three major bank holding companies, including J. P. Morgan & Co. Incorporated, to underwrite not only commercial paper but also mortgage-backed securities, municipal revenue bonds and securities backed by consumer receivables. The Federal Reserve further broadened its ruling in 1989 when it granted J. P. Morgan & Co. Incorporated the authority to underwrite corporate debt, marking the first corporate debt securities offering underwritten by a commercial bank affiliate in the United States since Glass-Steagall was signed into law in 1933. One year later, the Fed approved Morgan’s application to underwrite stocks. In the wake of this landmark ruling, Morgan quickly built a leading investment banking operation and by 1997 was the fourth-largest securities underwriter in the world. Faced with the reality that the GlassSteagall barriers were being dismantled by regulators, Congress in 1999 passed the Gramm-Leach-Bliley Act, which removed the remaining barriers and allowed financial companies to participate fully across segments. Among other provisions, the new law allowed banks to acquire full-service brokerage and investment banking firms. Beginning in the 1980s, J. P. Morgan & Co. Incorporated had developed its investment banking capability through internal development. Chase, by contrast, built its capability through merger, starting with the 1999 acquisition of San Francisco investment bank Hambrecht & Quist, a specialist in the technology industry. Continuing its expansion, in 2000, Chase bought The Beacon Group, a merger and acquisition advisory and private investment firm, and London-based Robert Fleming Holdings Ltd. , an asset management and investment banking concern. Deregulation and Industry Consolidation The emergence of nationwide branch banking was another cornerstone of the changes taking place in financial services. As of 1975, banking was still primarily a local business. Only 14 states allowed statewide branching, and none permitted out-of-state banks to open branches within their borders. However, pressure for greater branching freedom was mounting, reflecting growing awareness of the consumer convenience of branches, the need for banks to diversify their risks beyond their local markets, and an emerging legislative consensus that deregulation would promote freer markets and greater competition. Branching deregulation occurred in the 1980s at the state rather than the federal level. In the period from 17 This graphic from a 1986 First Chicago Corp. internal newsletter identified the seven Midwest states that adopted reciprocal banking legislation. This permitted across-border bank acquisitions, which predecessors First Chicago Corp. , NBD Bancorp, Inc. and Bank One Corp. aggressively pursued. 1975 through 1990, more than 25 additional states – including New York, Ohio, Texas and others in which JPMorgan Chase predecessors operated – authorized statewide branching. In 1984, The Chase Manhattan Bank ventured to upstate New York by acquiring Lincoln First Banks Inc. in Rochester. Following the transaction, Chase had 330 branches across the state, the largest branch network in New York. As Illinois anti-branching laws were eased, First Chicago Corp. – the holding company for The First National Bank of Chicago – made a series of acquisitions to expand its business. In 1984, First Chicago acquired Chicago-based American National Corp. and three years later acquired First United Financial Services Inc. a five-bank holding company in suburban Chicago. The 1980s also saw the formation of regional banking zones, representing a major step toward national banking. Banc One Corp. (later Bank One) was especially active in acquiring banks not only in its home state of Ohio but in other states as well. Its first out-of-state acquisition was the purchase of Purdue National Corp. of Lafayette, Indiana, in 1984. By 1994, it owned 81 banks with more than 1,300 branches in 13 states, including banks in Wisconsin (The Marine Corp. , Illinois (Marine Corp. ), Colorado (Affiliated Bankshares of Colorado), Kentucky (Liberty National Bancorp), Oklahoma (Central Banking Group), West Virginia (Key Centurion Bancshares), Arizona (Valley National Corp. ) and Utah (Capital Bancorp). More acquisitions soon followed. Banking zones expanded rapidly in geographic size as more states passed reciprocal banking laws. In 1987, Chemical New York Corp. acquired Texas Commerce Bancshares, Inc. , the largest interstate banking merger in U. S. history at that time, and First Chicago Corp. cquired Beneficial National Bank USA of Wilmington, Delaware, becoming the third-largest issuer of bank credit cards in the United States. The growth of banking zones culminated in 1994 with the passage of the federal Riegle-Neal Interstate Banking and Branching Efficiency Act, which made national banking the law of the land. Riegle-Neal permitted bank holding compa nies to buy banks throughout the United States beginning in the fall of 1995 and permitted nationwide branching – that is, branch offices owned and operated by a single bank – as of June 1997. Many multi-state, multi-bank holding companies soon began to streamline operations by merging their banks. In 1999, Bank One Corp. integrated its banks in Ohio, Michigan, Indiana and Illinois into a single bank with the Bank One name. The 1990s represented a period of mergers and consolidation for the banking industry. Because of consolidation, the number of commercial banks in the United States declined to 7,549 as of mid-2005 from 12,343 at the end of 1990. However, the number of branches and automated teller machines continued to increase, providing consumers with more banking outlets than ever. 18 991 John F. McGillicuddy, left Manufacturers Hanover Corp. Walter V. Shipley, right Chemical Banking Corp. 1995 Richard L. Thomas First Chicago Corp. 1996 Thomas G. Labrecque The Chase Manhattan Corp. Walter V. Shipley Chemical Banking Corp. 1998 Verne G. Istock First Chicago NBD Corp. 2000 Douglas A. Warner III J. P. Morgan & Co. Incorporated John B. McCoy Banc One Corp. William B. Har rison, Jr. The Chase Manhattan Corp. Verne G. Istock NBD Bancorp, Inc. Key Mergers That Shaped JPMorgan Chase & Co. Many JPMorgan Chase & Co. predecessors took part in the merger movement that began in the early 1990s. Key transactions that led to the formation of JPMorgan Chase include: †¢ In 1991, Chemical Banking Corp. merged with Manufacturers Hanover Corp. , keeping the name Chemical Banking Corp. , then the secondlargest banking institution in the United States. †¢ In 1995, First Chicago Corp. merged with NBD Bancorp Inc. , forming First Chicago NBD Corp. , the largest banking company based in the Midwest. †¢ In 1996, Chemical Banking Corp. merged with The Chase Manhattan Corp. , keeping the name The Chase Manhattan Corp. and creating what then was the largest bank holding company in the United States. In 1998, Banc One Corp. merged with First Chicago NBD Corp. , taking the name Bank One Corp. Merging subsequently with Louisiana’s First Commerce Corp. , Bank One became the largest financial services firm in the Midwest, the fourth-largest bank in the United States and the world’s largest Visa credit card issuer. †¢ In 2000, The Chase Manhattan Corp. merged wi th J. P. Morgan & Co. Incorporated, in effect combining four of the largest and oldest money center banking institutions in New York City (Morgan, Chase, Chemical and Manufacturers Hanover) into one firm called JPMorgan Chase & Co. In 2004, Bank One Corp. merged with JPMorgan Chase & Co. , keeping the name JPMorgan Chase & Co. Fortune magazine said that â€Å"the combined bank will be big and strong in a panoply of businesses,† adding that â€Å"the deal has been widely lauded† by investment analysts. The New York Times said the merger â€Å"would realign the competitive landscape for banks† by uniting the investment and commercial banking skills of JPMorgan Chase with the consumer banking strengths of Bank One. †¢ In 2008, JPMorgan Chase & Co. acquired The Bear Stearns Companies Inc. strengthening its capabilities across a broad range of businesses, including prime brokerage, cash clearing and energy trading globally. 2004 James Dimon Bank One Corp. Willia m B. Harrison, Jr. JPMorgan Chase & Co. 19 In over 45 years of collecting, JPMorgan Chase & Co. has built an international art collection with great breadth and depth. The collection includes a diverse range of artwork, with representation from every country in which we do business. Tony Cragg Palette, 1980 Painted wood and found objects JPMorgan Chase & Co. Today JPMorgan Chase & Co. is a leading global financial services firm with operations in more than 50 countries and has its corporate headquarters in New York City. Under the J. P. Morgan and Chase brands, it serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients. Its six major businesses are: Investment Bank J. P . Morgan is one of the world’s leading investment banks, with deep client relationships and broad product capabilities. The Investment Bank’s clients are corporations, financial institutions, governments and institutional investors. The firm offers a full range of investment banking products and services in all major capital markets. Retail Financial Services Retail Financial Services helps meet the financial needs of consumers and businesses. Under the Chase brand, the consumer business includes credit card, small business, home finance, auto finance, home equity loans, education finance and insurance. Card Services Chase Card Services is one of the largest credit card issuers in the United States. The firm offers a wide variety of general purpose cards to satisfy the needs of individual consumers, small businesses and partner organizations. Commercial Banking Commercial Banking serves a variety of clients, including corporations, municipalities, financial institutions and notfor-profit entities. The firm’s broad platform positions Commercial Banking to deliver extensive product capabilities – including lending, treasury services, investment banking and asset management – to meet its clients’ needs. Treasury & Securities Services Treasury & Securities Services is a global leader in providing transaction, investment and information services to support the needs of institutional clients worldwide. Treasury & Securities Services is one of the largest cash management providers in the world and a leading global custodian. Asset Management Asset Management is a global leader in investment and wealth management. Asset Management clients include institutions, retail investors and high-networth individuals in every major market throughout the world. 20 2. 5. . 4. 3. 10. 11. 12. 13. 8. 7. 6. 9. 14. 15. 16. 17. 18. FRONT COVER BACK COVER The JPMorgan Chase Archives Begun in 1975 by Chase Manhattan Bank Chairman David Rockefeller, the JPMorgan Chase Archives is one of the oldest corporate history programs in the United States. Recognized as an important corporate asset and an invaluable resource for financial history, the Archives has continually advanced the firm’s rich legacy by co llecting and preserving historical materials of JPMorgan Chase & Co. and its more than 1,000 predecessor institutions worldwide. With over 7,000 feet of records, this extensive collection traces the remarkable origins, developments and achievements of the firm from 1799 to the present and documents key events and business decisions, offering valuable insight into the firm’s mission and vision. 1. South Texas National Bank, Texas Bank clerks, ca. 1900s 2. First National Bank, Youngstown, Ohio Blueprint detail of building facade, 1924 3. The Bank of The Manhattan Co. , New York, New York $100 note, ca. 1830s 4. The National Bank of Commerce, New York, New York $5 note, 1885 5. J. P. Morgan & Co. , New York, New York J. Pierpont and J. P. â€Å"Jackâ€Å" Morgan, 1912 6. Lincoln-Alliance Bank, Rochester, New York Bronze table leg, early 1900s 7. Rapides Bank of Alexandria, Louisiana Hammond manual typewriter, ca. 1880s 8. The First National Bank of Chicago, Chicago, Illinois Bronze teller cage, 1931-1932 9. J. P. Morgan & Co. , New York, New York J. Pierpont Morgan’s â€Å"M† document clip, ca. 1900s 10. Chase National Bank, New York, New York Check processing department, ca. 1940s 11. J. P. Morgan & Co. , Paris, France 14 Place Vendome ceiling by Eugene Lacost, 1860 12. The Bank of The Manhattan Co. , New York, New York Vault lock, ca. 840s 13. The Chase Manhattan Bank, New York, New York Vault, 25 Broadway branch, 1921 14. The First National Bank of Chicago, Chicago, Illinois Exterior building clock, 1906 15. Manufacturers Hanover Trust Co. , New York, New York Gold scale, early 20th century 16. Wisconsin Marine and Fire Insurance Co. , Milwaukee, Wisconsin $3 note, ca. 1851-1858 17. The El Paso B ank of Colorado Springs, Colorado Springs, Colorado $10 note, 1900 18. Chase National Bank, New York, New York Portrait bust of Salmon P. Chase, ca. 1870s Thomas Dow Jones, sculptor  ©2008 JPMorgan Chase & Co. All rights reserved.