The Great Gatsby By F. Scott Fitzgerald Essay - 1653 Words

Nick Caraway, from F. Scott’s Fitzgerald’s The Great Gatsby, once found himself â€Å". . . standing beside [Mr. McKee’s] bed and [Mr. McKee] was sitting up between the sheets, clad in his underwear, with a great portfolio in his hands† (Fitzgerald 38). Nick’s thoughts and actions in this odd circumstance spark numerous questions on his sexuality. While Fitzgerald uses covert implications to support the idea Nick is a homosexual, he also preserves plausible deniability that perhaps the scene was just a drunken hallucination. Yet it has been speculated that, due to the time period, Nick was forced to hide his desires through interactions with the â€Å"feminine man† (Fitzgerald 30), Mr. McKee or the masculine woman, Ms. Jordan Baker. Similarly, other literary figures have been caught between societal expectations of proper behavior and their own definitions of true happiness. Other characters that have faced this choice are French diplomat Re ne Gallimard and opera singer Song Liling from David Henry Hwang’s M. Butterfly. Based loosely on true events, the play chronicles Gallimard’s doomed love story with Song, who is actually a male spy for Communist China. For twenty years, Gallimard claims he did not know of Song’s gender, yet Hwang’s covert implications support the idea both Gallimard and Song were homosexuals who had to hide their preferences in order to survive in their respective societies. Gallimard’s latent homosexuality manifests itself in the symbol of his prison cell whileShow MoreRelatedThe Great Gatsby by F. Scott Fitzgerald1393 Words   |  6 PagesF. Scott Fitzgerald was the model of the American image in the nineteen twenties. He had wealth, fame, a beautiful wife, and an adorable daughter; all seemed perfect. Beneath the gilded faà §ade, however, was an author who struggled with domestic and physical difficulties that plagued his personal life and career throughout i ts short span. This author helped to launch the theme that is so prevalent in his work; the human instinct to yearn for more, into the forefront of American literature, where itRead MoreThe Great Gatsby By F. Scott Fitzgerald1343 Words   |  6 PagesHonors English 10 Shugart 18 Decemeber 2014 The Great Gatsby F. Scott Fitzgerald s 1925 novel The Great Gatsby is a tragic love story, a mystery, and a social commentary on American life. The Great Gatsby is about the lives of four wealthy characters observed by the narrator, Nick Carroway. Throughout the novel a mysterious man named Jay Gatsby throws immaculate parties every Saturday night in hope to impress his lost lover, Daisy Buchanan. Gatsby lives in a mansion on West Egg across from DaisyRead MoreThe Great Gatsby By F. Scott Fitzgerald1155 Words   |  5 PagesThe Great Gatsby The Jazz Age was an era where everything and anything seemed possible. It started with the beginning of a new age with America coming out of World War I as the most powerful nation in the world (Novel reflections on, 2007). As a result, the nation soon faced a culture-shock of material prosperity during the 1920’s. Also known as the â€Å"roaring twenties†, it was a time where life consisted of prodigality and extravagant parties. Writing based on his personal experiences, author F. ScottRead MoreThe Great Gatsby By F. Scott Fitzgerald1166 Words   |  5 Pagesin the Haze F. Scott Fitzgerald lived in a time that was characterized by an unbelievable lack of substance. After the tragedy and horrors of WWI, people were focused on anything that they could that would distract from the emptiness that had swallowed them. Tangible greed tied with extreme materialism left many, by the end of this time period, disenchanted. The usage of the literary theories of both Biographical and Historical lenses provide a unique interpretation of the Great Gatsby centered aroundRead MoreThe Great Gatsby by F. Scott Fitzgerald845 Words   |  3 PagesIn F. Scott Fitzgerald’s novel, The Great Gatsby, colors represent a variety of symbols that relate back to the American Dream. The dream of being pure, innocent and perfect is frequently associated with the reality of corruption, violence, and affairs. Gatsby’s desire for achieving the American Dream is sought for through corruption (Schneider). The American Dream in the 1920s was perceived as a desire of w ealth and social standings. Social class is represented through the East Egg, the WestRead MoreThe Great Gatsby By F. Scott Fitzgerald Essay970 Words   |  4 Pagesrespecting and valuing Fitzgerald work in the twenty-first century? Fitzgerald had a hard time to profiting from his writing, but he was not successful after his first novel. There are three major point of this essay are: the background history of Fitzgerald life, the comparisons between Fitzgerald and the Gatsby from his number one book in America The Great Gatsby, and the Fitzgerald got influences of behind the writing and being a writer. From childhood to adulthood, Fitzgerald faced many good andRead MoreThe Great Gatsby By F. Scott Fitzgerald2099 Words   |  9 Pagesauthor to mirror his life in his book. In his previous novels F. Scott Fitzgerald drew from his life experiences. He said that his next novel, The Great Gatsby, would be different. He said, â€Å"In my new novel I’m thrown directly on purely creative work† (F. Scott Fitzgerald). He did not realize or did not want it to appear that he was taking his own story and intertwining it within his new novel. In The Great Gatsby, by F. Scott Fitzgerald, he imitates his lifestyle through the Buchanan family to demonstrateRead MoreThe Great Gatsby By F. Scott Fitzgerald1607 Words   |  7 Pages The Great Gatsby is an American novel written in 1925 by F. Scott Fitzgerald. One of the themes of the book is the American Dream. The American Dream is an idea in which Americans believe through hard work they can achieve success and prosperity in the free world. In F. Scott Fitzgerald s novel, The Great Gatsby, the American Dream leads to popularity, extreme jealousy and false happiness. Jay Gatsby’s recent fortune and wealthiness helped him earn a high social position and become one of the mostRead MoreThe Great Gatsby By F. Scott Fitzgerald1592 Words   |  7 PagesMcGowan English 11A, Period 4 9 January 2014 The Great Gatsby Individuals who approach life with an optimistic mindset generally have their goals established as their main priority. Driven by ambition, they are determined to fulfill their desires; without reluctance. These strong-minded individuals refuse to be influenced by negative reinforcements, and rely on hope in order to achieve their dreams. As a man of persistence, the wealthy Jay Gatsby continuously strives to reclaim the love of hisRead MoreThe Great Gatsby By F. Scott Fitzgerald1646 Words   |  7 PagesThe 1920s witnessed the death of the American Dream, a message immortalized in F. Scott Fitzgerald’s The Great Gatsby. Initially, the American Dream represented the outcome of American ideals, that everyone has the freedom and opportunity to achieve their dreams provided they perform honest hard work. During the 1920s, the United States experienced massive economic prosperity making the American Dream seem alive and strong. However, in Fitzgerald’s eyes, the new Am erican culture build around that

William Shakespeare s Julius Caesar - 1011 Words

Kendra McConkey Mrs. Taylor ENG2DL Monday, May 4th Brutus is a Hero In a play, there are always heroes and villains. A hero is someone who is admired or idealized for courage, outstanding achievement, and has noble qualities. In Julius Caesar, Brutus is an example of this. Despite the death of Caesar, Brutus is a hero. This shows when he is noble, honest, and admired by other characters in the play. Nobility has a huge role within characters throughout the play, in fact Brutus is very noble which proves he is a hero. Firstly, Brutus is at the funeral and he shows a great amount of respect and compassion for Caesar during his speech. He says, â€Å"As Caesar [had loved] me, I weep for him† (III.ii.23-25). Brutus is being noble to the†¦show more content†¦Finally, Brutus is overall noble for the city of Rome. He kills Caesar because he is true to the conspiracy but most of all he kills him for the better of the people. Caesar questions, â€Å"Et tu, Brut? Then fall Caesar† (III.i.85). This shows Caesar realizes if Brutus, his friend, has stabbed him along with the other conspirators then there must be a noble and important reason why. Brutus is being noble yet again to the people and Rome by doing this. Through these examples it is clear that Brutus shows he is a hero by the noble situations he is apart of. With Brutus nobility, his responsibility is also what makes him a hero in the play. Brutus first changes his opinion on Caesar. Brutus says, â€Å"Remorse from power. And to speak truth of Caesar,/ I have not known when his affections [had sway d]/More than his reason. But tis a common proof/That lowliness is young ambition s ladder† (II.i.19-22). Brutus knows he has to be responsible for Caesar because of his decision to join the conspiracy and kill him. This shows the trust he has in Lucius and the responsibility he takes so Caesar does not climb to power where he can not be stopped. Brutus then takes responsibility for his own actions and admits to regret. â€Å"Friends, I owe my tears/ To this dead man than you shall see me pay./ I shall find time, Cassius, I shall find time† (IV.iii.101-103). Brutus is proving himself responsible for his actions and he tells Cassius the consequences will pay off

Economic of Banking and Finance Transaction Cost Theory

Question: Discuss about the Economic of Banking and Finance for Transaction Cost Theory. Answer: Introduction The following report discusses about the role of financial market, financial intermediary, and the financial securities in the financial system of the company. Credit lending is an accounting term either it decrease the assets or increase the liability. Thus, lender checks the revenue and the financial position of the borrower. Moreover, this report discusses the role of asymmetric information before and after the transaction made. There are many problem and issue with the DBS bank at the time of transaction, which is resolve with the help different theories like transaction cost theory, delegated monitoring theory and economic scale theory. This report also discusses the key business activities of the Noble group and role of financial market and financial securities in the financial system of the company. Academic Review With the increase in economic activities in any country, it becomes necessary that strong and healthy financial system is in place to support such activities. Kunt et al. (2011) and may other scholars validate the financial systems and their components hold importance in facilitating smooth conduction of business activities for economic development. Adrian and Shin (2010) propose that financial intermediaries can play an important role in ensuring that all rules, regulations and diligence is followed while conducting financial transactions of the business especially those that are heavily engaged in money and capital markets. This will involve taking appropriate measure before and after lending, reducing information asymmetry and act as an agent during any conflict. Financial Intermediary Financial intermediary hold a very important role in the flow of money in the financial world. A financial intermediary is an institution or individual that acts as a middle man between two parties at the time of financial transaction, such as commercial bank, investment bank, and mutual funds. A financial intermediary is typically a bank that provides the funds to the user of funds (Dilley, 2012). Financial intermediary can offer different types of benefit to the average customer such as- safety, liquidity and economies of scale. Bank is a financial intermediary that provides a dazzling variety of financial service. Role of Financial Intermediary Being a Financial intermediary, DBS bank plays several roles as a financial intermediary. It repackages the deposits of the investor into loans, which are provided to the firms. Through the implementation of this, small deposits of the individual consolidated in the form of large amount to firms. Bank diversifies the loans among several borrowers, because it has so much money. In this way, bank increase its ability to identify the individual defaulted loans by reducing the risk of loan defaulter (Golin and Delhaise, 2013). As a financial intermediary bank provides information to the market participants, by which they make the decision about the deposits. Further, financial intermediary is providing external finance to the firms that are new and it required funds to establish their business. Credit Lending Credit landing is the amount of money that lent to an individual or any firm for their personal, family, household, and business purpose. This loan is monitored by the government regulatory agencies for their compliance. Credit lending is contractual agreement in which borrower receive some amount and agrees to repay it to the lender at some date in future with the interest (Property Metrics, 2016). Credit lending is an accounting term that either decrease asset or increase liability of the business. Cautions in Credit Lending Being a financial intermediary, DBS bank cautions some factor, while lending money to its customers. In the present market context, lender is checked the financial condition and market condition of the borrower for successfully complete the proposed project at time. Apart from this, Lender checks the business revenue and annual income of the customer before lending money to borrower. Through the implementation of this, bank should find out the credit worthiness position of the customer (Ansaloni, 2012). In addition to caution in credit lending, bank should check the background position of the customer under which bank check the liquidity risk, defaulter risk, and interest risk in context of customer. Asymmetric Information Asymmetric information is a very important concept that is widely used in the financial world. It refers that one party has more or better information than the other party when making transactions. Improper information is the reason of an imbalance of power. Role of Asymmetric Information Lack of information causes for the economic imbalances that result in adverse selection and moral hazards problems occurs. Under the adverse selection, sellers have more information about the product. If the quality cannot be measured, the buyer is willing to pay high price that reflects the average quality (Greebbaum et al., 2015). In the Moral hazard, action is taken by the borrower. This problem occurs after the transaction is made. For this reason, it reduces the probability that loan will repaid. Measures before Loan Granted Due to the asymmetric information, DBS bank has to follow some measures before granting loan to the borrower such as- Liquidity, data sharing, profitability, safely and security, purpose of the borrow amount, sources of repayment and social responsibility. Credit referencing is a very important tool by which bank can avoid the problem of Asymmetric information (Schwalbe, 2012). Under this, bank must rank to the firms on the basis of their repayment ability. Measures after Loan Granted Being a financial intermediary, DBS bank has to measure some information after the transaction is made. Bank has to check regularly the financial updates of the borrower. In addition to this, there are many factors which are measured by the lender after the loan granted such as- market value of the collateral security, business plan of the borrower, financial details and market position of the business (Onyiriuba, 2015). Problems / Issues in Lending There are many problems/ issues occur with the DBS bank such as transaction cost, selection issue and many other issues, while it lending money to its borrower. That can be defined with some theories, which are covered as below: Transaction costs reduction theory Transaction cost refers to the cost of transferring between the lender and Borrower. This theory followed by DBS bank to reduce the loss after issued the latter of demand to the company. Through the implementation of this theory, Bank reduces the cost of recovering the loan amount (Pilbeam, 2010). On the other hand, It also refer to reduce some risk, which always involve in the financial transaction such as- search cost, Arrangement fees, professional advise fee, and covenant compliance cost. Informational Economies of Scale theory Due to implementation of this theory, DBS bank faced the problem related to the adverse selection and moral hazard. To overcome this issue, bank should develop the expertise in information that enables them to select a good risk. So bank has to take care of this type of issue in future. At the same time, bank has to measure the information of borrowers transactions held with bank (THE TREASURY, 2016). In addition to this, bank should used different types of tool reduce the risk after issued letter of credit to the company such as: monitoring, government regulation to increase information, financial intermediary active in the equity market, and debts contact. Delegated Monitoring Theory This theory is useful by DBS bank for resolving the problems related to incentive between the borrower and lender after issued the letter of demand to company. On the other hand, this theory provides the best contract to the bank so that legal protection is strong for the bank. At the same time, delegated monitoring is helpful to reduce the transaction cost and deriving the technology in the bank (CESP, 2016). Benefit of delegated monitoring is raised because of skills and the reduction of duplication work. 2. Financial System Financial system is the process and procedure used by the organization to exercise the financial control and accountability. A financial system is covered the financial transactions and exchange the money between lender and borrower. The Singapore financial system is highly developed and well regulated and it offers a wide range of non banking service. The financial system of Singapore has the analytical and operation capabilities to do effectively (Monetary Authority of Singapore, 2016). There are many component of Singapore financial system, which describe as below- Financial Markets Financial market is a broad term that describes a market place, where buyer and seller equally participate in the trade of assets like equity, bond, currencies, and derivatives through the financial intermediaries. Financial market increased the overall production and efficiency of the economy. Financial market of the Singapore is unique in which government played a major role for creating an eco-system that nurtured quality growth (Burton el al., 2015). Financial market of Singapore was able to leverage on the competitive strength at the time of financial crises. Financial Intermediaries Financial intermediary is refers to a middle-men, who is involved in buying and selling of the financial securities such as Banks, Investment Banks, pension funds, and insurance companies. Bank is the most important financial intermediaries in the Singapore financial system, who works as middle men in the transaction of financial securities. They work as credit analyst, which has the ability to assess the creditworthiness of the firms, who wish to borrow funds (Valdez and Molyneux, 2010). Being a financially intermediaries, Singapore banks has so much money to lend and they can easily diversify loans between the borrowers. Singapore banks may facilitate the flow of funds to the business firms as intermediaries to the investor, who are willing to purchase the securities. Financial Instruments A financial instrument presents ownership position in a public traded corporation. Financial market can be divided in many types such as- money market instrument, capital market instrument and hybrid instruments. The financial market of the Singapore covers the capital market instrument, it generally consists the long term financial instrument like shares and bonds. The debts security refers the money, which can borrow and it must be repaid with a particular interest rate at maturity date (Parameswaran, 2011). Equity refers the ownership held by shareholders such as stocks. Generally, a financial security is like a money maker instrument by which companies and other enterprises can raise new capital. Type of Financial Products and Services There are many products and services offered by banking system of Singapore such as insurance, derivatives, and credit and loans. It can played different roles in the Singapore financial system that helps the Noble Group to achieve its business objectives and goals. Nature of financial product and services is described as below: Insurance Insurance service is provided by Singapore banks to the Noble Group for the financial protection and to cover the risk against a range of events such as- damage of property, financial crisis, and loss. There are many types of insurance, which offers by banking system like Life insurance, property insurance, and casualty insurance. In the present context, it is possible for business to insured against the risk but not necessary to cover all the risk. In that case, Bank provides a service of financial adviser by which it helps the noble group in the selection of insurance policy (Annual report, 2016). Insurance policies are helpful for the company at the time of risk. With the help of different insurance, it can easily overcome the losses occurred in the company and achieve its objectives and goals. Credit and Loans Credit and loans is very important facilities provided by the banking system to the noble group. There are many types of credit facilities offer by the banks such as- loan for consumer durables, loan against deposits, loan against shares, and loan against LIC polices. Through the implementation of these facilities bank revolving the credit facilities and decide the amount, which the company want to withdraw. Apart from this, credit facility helps to manage the cost easily and it can help to take advantage of the opportunities (Noble Group, 2016). Banking system of the Singapore provides the facilities of financial advisor to the Noble Group by which helps to frame a plan for the use of amount to achieve the business objectives. Derivatives Singapore baking system provided derivatives facilities to the Noble Group, help to achieve the goals and objective of the company. Banks provides the derivatives facility related to hedging and commodity contract. With the implementation of this, company hedges their interest rate risk and increase the yield of the company. Bank is playing a role of intermediary, which maintains the relationship between the client and company (DBS Corporate Banking, 2016). It can help to reduce the FX exposure and increase the return on the currency investment of the company. Company in Focus Brief Background Information Noble Group Limited is a modern global commodities firm. It was founded in 1986 by Richard Samuel Elman and William James Randall. Noble group buy commodities and transform them into customized and consumable product through which they meet the requirement of the customer. Noble Group manages portfolio of supply chain across the range of industrial and energy products. The core strategy of noble group is to be best company in the whole world at the moving of physical commodity from producer to the consumer. Key business activities of Noble Group Figure-1 Key business activities of Noble Group (Source Annual report, 2016) Noble Group sources the physical commodities and transforms that into the customized product that meets the requirement of the consumers. It provides the logistic business service to the external as well as internal customers, providing the ocean transport. In additional to this, the logistic business provides the long term freight solution and the guidance to the external as well as internal customers of the company. Noble Group Limited provides the financial services that covering capital origination and customer financing solutions (Noble Group, 2016). This service generates business by unblocking new opportunities within the existing customers and providing the financial coverage the relationships with banks, institutional and other global pool of capital. Noble group applies the cash flow hedging accounting for some financial derivatives that are used to hedge the risk of the foreign currency fluctuations. The value of the company is enhancing the solutions transforming commodities by helping the customer in the hedging service that reduce the price risk. It is supported by the flexible structure of the company and trade finance solutions that added the dimension of service for the business. Accessibility and Financial system Financial system of the Noble Group can be access effectively through the different financial market, financial intermediary and financial instruments. It can be facilitated the business activities of the Noble Group. Financial Market Financial system of the Noble Group can be access through the capital market. Under the key business activities, price risk management and hedging facilities of the company is cover under the capital market. Capital market is used for the long term asset with the maturity date is more than one year. In additional to this, noble group includes the shares, bond, and derivatives to facilities the business activities of the company. It is executed forward in the freight derivatives market to hedges its physical freight exposures (Jackson, 2010). Further to this, it also engaged in the derivatives trading of crude oil. It mainly involve in the commodity contract such as physical commodity contract and cash commodity contract, which include commodity future, options swaps and forward freight agreements. Financial Intermediaries Banks act as a financial intermediary for the Noble Group to facilities its business activities effectively. This company partnered with the Australian bank that facilities the medium term prepayment facilities, which secured by the iron ore off take to noble group. An Australian bank provides the guaranteed payment stream with the minimum risk to this group that helps in the growth of business. Being a financial intermediary, Banks facilities comprise different type of credit facilities to the company for their financial arrangements. It works as a credit analyst through which they have the ability to access the credit worthiness of the company. Banks helps the company in the better management of its trade finance operations and improves the efficiency and effectiveness on global basis (Levinson, 2014). Further to this, banks play an essential role for accessing the financial system of the Noble group through managing the risk to achieve the positive rate of return. Bank plays an important role in the corporate governance of the company so that it can be maintain the legal and ethical environment and promote the interest of share holders. Financial Instruments Financial instruments play a role for the future benefit of the company. Noble Group is dealing in the long term financial instrument such as derivatives (future, option or swap), bonds, and shares. Financial instruments can be used to hedge the financial risk and price risk of the company. Shares are issued by the company to raised the money from the investor that is helpful maintain the business activities (Baker and Filbeck, 2014). These instruments provides a link between the investor and the company and it also play a crustal role for the arranging of invest funds of the company. Conclusion Financial system can be access through the financial market, financial intermediary, and financial securities. This report is concluded that the financial intermediary should check the credit worthiness of the client at the time of credit lending. Moreover, it was found that lender and the borrower have to disclose all the information at the time of transaction. There are many problems arise at the time transaction, which are to be overcome with the implication of many theory that reduce the transactional cost, provides help in the selection of best risk. Further to this, it can be concluded that many product and service provides by bank is helpful in achieving the key business activities of the Noble Group. Reference Adrian, T. and Shin, H.S. (2010) Financial intermediaries and monetary economics. FRB of New York Staff Report, (398). [online]. Available at: https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.189.809rep=rep1type=pdf (Accessed: 05/09/2016). Annual report (2016) Our Business Management. [online]. Available at: https://www.thisisnoble.com/images/investors/financialInformation/annualReport/ar2015.pdf (Accessed: 3/09/2016). Ansaloni, P.G. (2012) The Role of Asymmetric Information in Environmental Policy Settings. London: University of London. Baker, K.H., and Filbeck, G. (2014) Investment Risk Management. UK: Oxford University Press. Burton, M., Nesiba, F.R., and Brown, B. (2015) An Introduction to Financial Markets and Institutions. UK: Routledge. CESP (2016) Financial Intermediation and Delegated Monitoring. [online]. Available at: https://www.cfsp.org/publications/papers/financial-intermediation-and-delegated-monitoring#.V8lPTVt97Dc (Accessed: 2/09/2016). DBS Corporate Banking (2016) FX Derivatives. [online]. Available at: https://www.dbs.com.sg/corporate/treasury/derivatives/fx-derivatives (Accessed: 3/09/2016). Demirguc-Kunt, A., Feyen, E. and Levine, R. (2011) Optimal Financial Structures and Development: The evolving importance of banks and markets. World Bank, pp. 1-38. [online]. Available at: https://www.researchgate.net/profile/Ross_Levine/publication/265202090_Optimal_Financial_Structures_and_Development_The_evolving_importance_of_banks_and_markets/links/5523c95b0cf2b351d9c336aa.pdf (Accessed: 05/09/2016). Dilley, K.D. (2012) Essentials of Banking. US: John Wiley Sons. Golin, J., and Delhaise, P. (2013) the Bank Credit Analysis Handbook: A Guide for Analysts, Bankers and Investors. US: John Wiley Sons. Greebbaum, I.S., Thakor, V.A., and Boot, A. (2015) Contemporary Financial Intermediation. US: Academic Press. Jackson, K.J. (2010) Financial Market Supervision. US: DIANE Publishing. Levinson, M. (2014) The Economist Guide To Financial Markets. UK: Profile Books. Monetary Authority of Singapore (2016) Singapore financial centre. [online]. Available at: https://www.mas.gov.sg/ (Accessed: 3/09/2016). Noble Group (2016) about us. [online]. Available at: https://www.thisisnoble.com/#aboutus (Accessed: 5/09/2016). Noble Group (2016) Financial information. [online]. Available at: https://www.thisisnoble.com/#aboutus (Accessed: 3/09/2016). Onyiriuba, L. (2015) Emerging Market Bank Lending and Credit Risk Control: Evolving Strategies to Mitigate Credit Risk Optimize Lending Portfolios, and Check Delinquent Loans. US: Academic Press. Parameswaran, S. (2011) Fundamentals of Financial Instruments: An Introduction to Stocks, Bonds, Foreign Exchange, and Derivatives. US: John Wiley Sons. Pilbeam, K. (2010) Finance and Financial Markets. UK: Palgrave Macmillan. Property Metrics (2016) the Commercial Credit Approval Process Explained. [online]. Available at: https://www.propertymetrics.com/blog/2013/06/12/credit-approval-process/ (Accessed: 2/09/2016). Schwalbe, U. (2012) the Core of Economies with Asymmetric Information. Germany: Springer Science Business Media. THE TREASURY (2016) Current theories of financial intermediation. [online]. Available at: https://www.treasury.govt.nz/publications/research-policy/wp/2003/03-19/04.htm (Accessed: 2/09/2016). Valdez, S., And Molyneux, P. (2010) An Introduction to Global Financial Markets. UK: Palgrave Macmillan.

Tiananmen Square June 1989 Essay Example

Tiananmen Square June 1989 Paper On the 22nd of April 1989, Chinese students collected together at Tiananmen Square to pay respects to Hu Yaobang, the students saw this as an opportunity to protest for democratic reform. Little did these students know this protest would end with tragic results. Deng blamed Hu Yaobang, a member of the Deng Xiaoping communist party, when students protested for political reform. Due to this he lost his position in the government but still remained in the politburo. His death on 15th April sparked the Tiananmen movement. Sources A, F and G are from books. Source A, the background to the Tiananmen Square incident from China in the 20th Century written in 1990 by Harriet Ward, a British Historian, who, unlike some Chinese sources controlled by government, has freedom of speech. The book gives a general overview of one hundred years in China, which suggests that the information gathered, could be considered vague and facts possibly have been overlooked, which of course would reduce the sources reliability. However, the source was written one year after the incident, which suggests that the information is probably fairly reliable. We can also assume, as the source was written relatively soon after the events, that some of her knowledge was gained from newspapers and television reports at the time, and therefore can be considered fairly trustworthy. As the historian was not present at Tiananmen Square we also know that this is not first hand reporting. However, I conclude that this book must be a fairly reliable source as it specialises in China in the 20th Century, which suggests that the writer completed detailed research into the subject. This source is quite useful in explaining the causes and events of Tiananmen Square. We will write a custom essay sample on Tiananmen Square June 1989 specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Tiananmen Square June 1989 specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Tiananmen Square June 1989 specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Source F, the events of the 4th June 1989 from the book China, A New Revolution? Written in 1990 by John Bradley, an American historian. This source gives a brief explanation of the events on June 4th. Like source A this information was written only one year after the incidents at Tiananmen Square which suggest the information is dependable for the same reasons as given for Source A. It is also written by a non-Chinese source with freedom of speech, which, as stated above, also increases the reliability of the source. This historian was also not present at the time the incident took place at Tiananmen Square so we can assume some information may be incorrect. This book deals with the revolution of China, and Tiananmen Square was a huge milestone in this regard, however these events no doubt will have slowed down the progress of the Chinese democracy movement. This source is quite useful in explaining the causes and events of Tiananmen Square. Source G, an extract from the book The Truth about the Beijing Turmoil was written in 1989 published in the Peoples Republic of China. This source reports that no one at Tiananmen Square was killed and gives the background to why the soldiers were sent. This source was written the year the incident happened which suggests that the information could be considered reliable, however, the source was written and published in the Peoples Republic of China, which suggests an element of government control and therefore reduces the reliability of the source. This source can be seen as biased as it only gives the governments point of view. In conclusion this source is not very useful. Source B is a table, Source B: Rising living standards in China, 1981-84 from official records at that time. This source shows us the increase of goods per hundred households in urban and rural areas. This source is reliable as the information is from records of that time, but is not particularly useful in explaining the causes and events of Tiananmen Square as it was written years five years before, although it does indicate an increase in the living standards of the Chinese, particularly those in rural households, which could be seen as evidence of a growing democracy. Sources E and D are both sources from newspapers. Source E: The events of 4th June 1989 from a report in the Sunday times in 1989, a British newspaper. The reporter has freedom of speech and cannot be controlled by the government unlike some Chinese sources. This is a primary source and therefore reliable due to the fact that it is an eyewitness report by the reporter, Louise Branson, who was in Beijing at the time. The information is stark and certainly anti-Chinese government, and only gives one side of the story, which could be considered as reducing the reports reliability. This is a very useful source in showing the events that took place at Tiananmen Square. Source D: The students believe they have won from Tiananmen, The rape of Peking 1989, a book published by the British newspaper, The Independent. This source is very useful in explaining the causes and events of Tiananmen Square. It is reliable due to the fact that it was written the same year as the incident; this suggests that the information is correct and up to date. The Independent, has a reputation for well researched, fair, and unbiased reporting. Sources C and H are both photographs. Source H shows one man who stopped the tanks. It was a photograph taken in Tiananmen Square on the 5th June 1989. This photograph shows a brave protestor supporting the Chinese protestors by standing in the way of tanks. This source is a primary source as it is an un-edited picture of what happened on that day and cannot be misinterpreted as the photograph shows exactly what is happening. Although this source is reliable it is not clear what happened before and after this picture was taken. This source is useful in showing part of what happened at Tiananmen Square. The video footage from which the still is taken would be a more valuable source. Source C: Student leaders on the way to deliver the petition, is a photographic source showing students on bikes on the way to deliver a petition. This source is not reliable as it there is no reference given of where it is from or who took it. This photograph could be misinterpreted, as it is not clear what it represents as it does not show anything apart from people riding on bikes, also the image is not very clear and is of bad quality. This source cannot be considered reliable and does not show the causes and events of Tiananmen Square. Source I: a cartoon supporting the Chinese protestors. This cartoon is by Garland in the Independent, drawn on the 16 June 1989 only a couple weeks after the incident, which increases the sources reliability. It is a copy of a famous picture (Source H) but where the position is reversed, the leader is trying to stop the truth from being expressed. This source is reliable as it is a cartoon and can be used to explain the causes and events of Tiananmen Square, as it shows an outsiders interpretation of the tragic events. The above sources are wide ranging and all provide information in varying ways. Some sources are more useful than others. There are two overriding points of view in the sources given which contradict each other, this is because they have different original sources and their agendas are different. All the sources are interesting but only some can be considered reliable.