Saturday, January 25, 2020
International Tourism And The Natural Disaster Impacts Tourism Essay
International Tourism And The Natural Disaster Impacts Tourism Essay According to Page and Connell 2009, p. 644, international tourism is an activity that involves people travelling to another country or a destination outside of their normal residence and residing for more than a day or at least a day with a given purpose. With the previous and recent events of natural disasters that have continually to take place across the world, there have been some challenges that the tourist generating and destination areas have faced. These natural disasters have brought about devastating impacts to these areas which entirely or partly depend on tourism as a source of generating income to survive. It is important to note that natural disasters continue to bring about destructive impacts to the supply and demand of both generating and destination areas, as well as affecting the normal lives of people who are forced to adjust to these changes after a disaster. This essay will consider previous natural disasters that have occurred internationally and will examine t he impacts it has on the supply and demand side of tourism with given examples. There are three categories in this essay. Firstly, it will focus on previous natural disasters that have taken place internationally, and then individually for each natural disaster, it will consider the impacts on the supply side; such as accommodation, transportation and attractions, and then it will examine the impacts on the demand side; such as personal income, destination image and health risks. Finally, this essay will end with a conclusion that natural disasters have brought about destructive impacts to the supply and demand of international tourism, and that there are simple, yet constructive ways to reduce the impacts. First of all, different types of natural disasters have occurred around the world. Some previous ones included tsunamis and earthquakes. To begin with, a tsunami is a destructive wave that can travel at great heights and speed and is likely to damage areas near the coast. They tend to be unpredictable, and this can create difficult situations for those who are not prepared, which can result in deaths and cause destruction to surroundings. The tsunami that took place in the Sumatra Islands in Indonesia in 2004 is a clear example of how dangerous the impacts of a tsunami can be (Jain, Agarwal Hirani, 2005, p. 15).There have been cases where people were caught in a tsunami, and because of its unpredictable nature, unfortunate deaths have taken place. According to Jain et al. (2005, p. 15), The recent Sumatra earthquake the most devastating tsunami causing a death toll of more than 150,000. Therefore, tsunamis are dangerous and will continue to have devastating impacts unless necessar y precautions are taken to warn and advise people to move to higher grounds for safety (Jain et al., 2005, p. 17). In addition, earthquakes are also dangerous and are quite frequent. They are basically underground movements of the earth that travel up to the surface of the land or sea, which can trigger other natural disasters like a tidal wave. An earthquake can be destructive, and the impact it creates has a direct effect on the environment as well as on the country itself (Federal Emergency Management Agency [FEMA], 2011). An example, where an earthquake occurred would be in the Izmit city near Turkey, where Beirman stated Casualties were estimated to be 20 000 dead and 50 000 injured. According to a UN report, 350 000 housing units and business premises were damaged or destroyed. (2003, p. 162) The impacts of earthquakes can destroy infrastructure such as roads and buildings as well as public utilities such as electricity and water supply, the victims involved are prone to falling objects, death and injury including financial losses (FEMA, 2011). Second of all, the tourism supply is affected by natural disasters. With reference to Page and Connells study (as cited in Sessa, 1983, p. 59) found that the aim of the supply part is to make services available to tourists so that the tourism demands can be satisfied. Supply, provides many services such as; accommodation and transportation. With reference to the accommodation and transportation service, they will first show how they were affected during the tsunami in Indonesia, while attractions will be used as a discussion for the earthquake disaster in Turkey. The first supply is accommodation. Accommodation provides shelter for a tourist where he will be able to stay in while travelling to particular destinations near and abroad. The condition of the rooms provided should be comfortable and suitable in order to achieve a satisfied and happy guest, but if it was otherwise because of unsuitable room conditions then tourists will alternatively look for a better place to stay in while on holidays (Ahliya, 2010). For example, the accommodation in hotels and motels during the tsunami in Indonesia was badly affected, as close to 30 percent of room capacity was damaged (Athukoral Resosudarmo, n.d.) and even though some of the rooms were able to re-open for accommodation purposes, room occupancy rates were decreasing because of lack of infrastructure. This would lead to perishability, where expected numbers of rooms are to be sold within a time frame but the occupancy of rooms were less, resulting in financial loss (Walker, 2009, p. 11). Therefor e, the condition of a room and its quality after a natural disaster will have an effect on tourists choices and that will affect the financial wellbeing of the hotel and motel industry. Moreover, transportation is another supply of tourism. It helps people move from one place to another with a form of transport, such as an aircraft, car, boat or even a bicycle. Although transportation helps tourists travel to various destinations, they are dependent on the geographic location and the nature of infrastructure such as roads, airport runway and bridges. Constant improvements in these areas will create accessibility to places that are difficult to get to (Sorupia, 2005, p. 1768). Natural disasters do have an impact on transportation. The Indonesian tsunami in 2004 destroyed many roads and other transportation routes; which limited the public from travelling. The airport being one of the major ports that brings in international tourists was affected, and aircrafts were restricted to travel at certain times only to transport medical and food resources to affected areas (Samii Van, 2010). Damaged transportation network affects accessibility to areas and will be useless to those who cannot be helped, thus improvement and effective measures must be taken to strengthen the infrastructure system. Finally, attractions are another determining factor of supply. It is a simple reason as to why most tourists from various countries arrive at a destination, basically because of the natural as well as the cultural attractions that a destination has to offer (Gunn Var, 2002, p. 1). According to Beirman (2003), Turkey is a country with its own unique natural and geographical beauty ranging from desert to lush and fertile lands (p. 157). However, it is located where earthquakes are likely to occur most of the time, and because of this, Turkey is prone to experience disastrous impacts of earthquakes (Beirman, 2003, p. 157). For example, damages to homes and industrial buildings were at a point of no return, but because of effective planning that took place after the earthquake, most of the attractions were back at its original state and the tourism sector in Turkey improved (Beirman, 2003, pp. 161-162). The attractions that a country has can be a major factor in increasing tourist numbe rs or it could be a detrimental factor that could force tourists to leave. In fact, the demand side of tourism is also affected by the impacts of natural disasters. According to Page Connell (as citied in Pearce, 1995), the demand concept is focussing on the reasons as to what does or does not motivate a tourist to travel to a destination. Some of these factors may be due to personal income, destination image and health risks. First of all, personal income is one of the determining factors that influence a person in deciding whether to travel or not. With reference to price, if a person is able to afford travel expenses, then they are in a position to experience a destination and the attractions it offers, however, for those who cannot afford a holiday, it is a restricting factor that stops a person from travelling (Page Connell, p. 53). To illustrate this, Turkey experienced a growth in tourist numbers towards the twenty first century. Regardless of its low currency rate, it was considered to be a suitable and affordable destination to visit and this attracted many tourists from around the world (Beirman, 2003, p. 161). So, the income of a person will determine the willingness to travel to places if it can be afforded. Equally important, destination image is another factor that can also affect tourists demand. This is simply, the way in which a tourist views a destination, whether it is a suitable place to travel to. Some perceptions can be influenced by the media and tourists can instantly change travel plans, especially if it is a negative one and this can affect the status of a destination region (Lexow Edelheim, 2004, p. 52). For example, when the Izmit earthquake struck Turkey in 1999, there was coverage by the media which was showing how badly the country was affected by the earthquake. Yet, most of the information that the media circulated was later discovered to be biased and exaggerated, one such example would be the warning given out a day later by the British Travel agents where they were discouraging British tourists from visiting the largest city, Istanbul, assuming that the whole city was affected, however, only the east border was affected, while the inner part was not (Beirman, 200 3, p. 165). Overall, the type of information that the media generate can be overstated and affect the tourists perception, while the image of the destination can be affected as well. Furthermore, health risks also contribute to the demand of tourism. Some of the major health issues involve communicable diseases and there is a chance that tourists are likely to get sick if visiting affected areas (Giacomelli, 2006, p. 12). For instance, when Indonesia experienced the Sumatra earthquake in 2004, there were many people including tourists who suffered from wound infections but only a few cases of communicable diseases were reported, compared to the high cases of infectious wound cases (Marres, Lange, Leenen Hoepelman, 2006). Thus, travellers are bound to suffer from communicable diseases and wound injuries if they get caught in disaster affected areas. Given these facts, natural disasters do affect the supply and demand of destination and generating tourism regions. Impacts on the supply side can range from accommodation, transportation and attractions, while the demand side includes personal income, destination image and health risks. The range of services as well as other external factors in a destination will affect the way tourists choose a place to visit. The tourism sector must not be ignored during a crisis even though it is vulnerable to unpredictable changes. Therefore it is important that necessary and simple precautions are practised to minimise the dangers of natural disasters so that tourists, locals and the tourism industry itself is safe.
Friday, January 17, 2020
Justice Served?
In Sherman Alexieââ¬â¢s poem, ââ¬Å"Capital Punishmentâ⬠, a part that was very interesting, yet confusing was when the narrator was being sympathetic. The narrator was very considerate of the prisoners. In the poem, Alexie makes the narrator be a cook at a jail that had the death row. Perhaps Alexie made the narrator be a cook instead of someone else like a guard or a warden because the cook would not represent the law; the cook just works for the jail. Readers of the poem, ââ¬Å"Capital Punishmentâ⬠, might at irst be puzzled by the sympathy of the cook towards the minorities that get the death sentence, but a close reading of the poem helps us see that the cook is against capital punishment.Throughout the poem the narrator shows us the controversial commentary about how the cook is for capital punishment. When the cook mentions, ââ¬Å"Those Indians are always gamblingâ⬠, it makes it seem like it is an everyday thing. (14). Then the cook states, ââ¬Å"What did t hey expect? All of the stories should have been simple. â⬠(96à 97). he/she is implying that it is not important that a person just died.It is a normal thing for people to died, so we should not care. A reader of this poem might assume that cook is just doing his job, but in reality, he/she does care for what they are serving to the Indian man. In the poem there are sections where the cook says, ââ¬Å"(I am not a witness)â⬠(5,22,41,64,79) though it is clear the cook is because he/she is the one telling the poem. The narrator periodically repeats that staza five times. The first time it is mention is after the cook mentions that he/she is to prepare the last meal for the a prisoner that is g
Thursday, January 9, 2020
Music in the American Revolution - 2344 Words
In the American Revolution, music played an important part of American culture no matter what sector of society. The music of the era served as a social commentary on the political concerns of the period aside from entertainment. The music was expressed through many forms, songs, hymns and varied instrumental musical traditions that reflected the social conditions which created it. Church music was an important source of spiritual inspiration and expression of the patriotic sentiment. The music in the Revolutionary period in the thirteen colonies varied according to region and the regionââ¬â¢s prevalent religious views, it was used for revolutionary propaganda and expressed the tensions and sentiments of the revolutionary culture of the time.â⬠¦show more contentâ⬠¦The southern colonies were different; they were less homogenous with multiple religious views. The agricultural geography made up of large portions of land owned allowed for more individualism as the plantations were to some extent self-contained, in New England on the other hand portions of land were smaller and closer to each other. The southern colonies, like Virginia had a less centralized music tradition, in the same way that the economy was more individualistic the music too, was more individualist and amateur mostly for private enjoyment. Music making in the south was more of a private affair taking place in the residences of the upper class. Mid eighteenth century elite class amateur musicians often ordered books and musical scores from England, the music was often that of the European masters of the period. We do not think often of Thomas Jefferson as a musician, but he used to practice the violin three hours a day and play in a chamber music ensemble with his law professor George Wythe. Jefferson was part of the musical culture of the land owner amateur musician of the south. The same pattern of music making as more of a private affair repeated itself in other southern states like Maryland, the exception was Charleston. Charleston enjoyed a more public musical life due to a more developed urban metropolitan life, comparable to London. The city boasted of more of a public musical culture with concerts and operas being presented inShow MoreRelatedEssay about 1968: A Year Of American Transformation1649 Words à |à 7 PagesIn the duration of one year, 1968, the American national mood shifted from general confidence and optimism to chaotic confusion. Certainly the most turbulent twelve months of the post-WWII period and arguably one of the most disturbing episodes the country has end ured since the Civil War, 1968 offers the world a glimpse into the tumultuous workings of a revolution. Although the entire epoch of the 1960s remains significant in US history, 1968 stands alone as the pivotal year of the decade; itRead MoreEssay on Popular Music Revolution1475 Words à |à 6 Pages Music has undergone many changes throughout and history and prehistory. These changes were always somehow connected to sociological movements at the time. Rock music evolved mostly out of a need by young people of the fifties to break away from so-cietal norms. America had just come out of the Korean War, and men looked to settle down into a peaceful life. Also just prior this time period, Senator Joseph McCarthy ac-tively encouraged citizens to conform with his infamously false accusations ofRead MoreGil Scott Heron Essay1407 Words à |à 6 Pagesï » ¿Gil Scott Heron BHSECQ - Rahat Today, rap music is an ever growing genre of music that is often centered on hedonistic pursuits such as wealth, cars, drinks, and fame. 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During theRead MoreThe Apartheid of Music in South Africa Essay709 Words à |à 3 Pagesand the music that was involved with the movements, debates whether the music came from the peopleââ¬â¢s desire to over come apartheid or if the music was a catalyst to the movement. As explained in the movie, the people used music for different aspects of the music, fundamentally a different song for every part of the movement. The music was a way in which the people could express themselves in a way that was noticed by their over rulers and which included all people taking part in the revolution. ApartheidRead MoreThe American Revolution : Popular Culture Essay1354 Words à |à 6 PagesJocelyn Lopez Professor Scott Keys History 111 December 14, 2016 The American Revolution: Popular culture One of the most critical components that helped define the American Revolution was the convergence of political and economic rights into one setting. The American Revolution was a political uprising that took place between the years of 1765 and 1783. It was at this time that thirteen colonies rejected the British monarchy and aristocracy, overthrowing the authority of Great Britain in orderRead MoreA Response to ââ¬Å"Hip Hop: a Roadblock or Pathway to Black Empowermentâ⬠1110 Words à |à 5 PagesRoadblock or Pathway to Black Empowerment illustrates the influence hip hop and rap music has had on not only the music industry but mainstream culture, African Americans to be specific. Geoffrey Bennett, a senior English Major from Voorhees, New Jersey goes over many aspects of how hip hop came to be ââ¬Å"the forefront of American attention.â⬠He starts from its early history in the 1980s as an African American exclusive music genre to what is now a worldwide phenomenon. He re views the affect it has had on
Wednesday, January 1, 2020
Article Review Land Of The Free - 1218 Words
Land of the Free?: Book Censorship in the United States In the eyes of many, America can be summed up in a single word: freedom. However, this freedom Americans often boast of is not as unrestricted as many are led to believe. Book censorship not only impinges on the rights of free speech for young students, but also freedom of the press for authors. Book censorship has been around as long as books themselves have. For example, Socrates, a well-known and respected philosopher and teacher, was forced to drink poison for ââ¬Å"corruptingâ⬠his students with his unconventional ideas and writings. Today, literature is most often banned due to sexual material, offensive language, racism, political bias, violence, immoral behaviors, religious viewsâ⬠¦show more contentâ⬠¦amend. I). The central legal controversy regarding book censorship revolves around this amendment. Does the banning of provocative literature fall under the category of freedom of speech and press? According t o the 1982 Supreme Court Case Board of Education, Island Trees Union Free School District v. Pico, an appointed board of parents and school staff requested a removal of all books the Board described as ââ¬Å"anti-American, anti-Christian, anti-Sem[i]tic, and just plain filthyâ⬠(457). The court upheld that the banning of books from school libraries due to unorthodox matter of opinion is unconstitutional. However, this case is just one prominent one among thousands, all nearly identical. This legal aspect provides a more solid argument against book censorship than a morally-based argument. One of the most notorious reasons that parents often have for pushing book censorship upon their children and the school districts deals with conflict of religion. In ââ¬Å"Teens Need Bold Books,â⬠Don Gallo, an English professor of twenty years at Central Connecticut State University and experienced editor of short story anthologies for young adults, examines the ties between controversial books and religious beliefs. Many books may have an underlying anti-religious message or certain language or actions may go
Monday, December 23, 2019
Analysis Of The Banana Logo - 1161 Words
Ads cater to the fantasies of ordinary working people by showing them that certain products of benefits if they buy the product. These fantasies play with our mind to get us to feel like we need an escape from our stressful lives that s why ads usually use beach setting and sex to sell items. Chiquita is no different, they use their logo to do both by having us retreat to a tropical location and having a woman from the area giving us food. Chiquitaââ¬â¢s mascot, Miss Chiquita, both strengthen stereotypes of latina women and women in general while also catering to a relaxing vacation. Today the Chiquita Banana logo is of a woman in a blue circle, she herself is yellow. The logo is small but it clear that it is a women with a fruit bowl on her head which has been a part of her costume since she was invented. While she has went through a few changes some the fruit bowl hat has stayed. Before I go into depth about the different designs she has went through Iââ¬â¢d like to point that the Chiquita Banana brand is very proud of Miss Chiquita. While I looked around at the sites of Uncle Benââ¬â¢s Rice and Land O Lakes Butter, I did not see a single thing addressing the origin of Uncle Ben or the Native American lady. On Uncle Ben s website there is a picture of his face with the slogan ââ¬Å"Begin with Benâ⬠next to it if you scroll all the way down. But that is it for his site, there is no explanation and neither for Land O Lakes Butter. We only see the ad in the top corner of the website. ButShow MoreRelatedThe Touch Screen Generation By Hanna Rosin942 Wor ds à |à 4 Pagesgeneration, but I had never stopped to think about the next generation after us. After reading Hanna Rosinââ¬â¢s ââ¬Å"The Touch-Screen Generationâ⬠, I began to think about the future and what technology will mean for the later generations. Rosin goes through an analysis of the technological options children have today and the research done over the implications of this new era. I, however, want to further examine Rosinââ¬â¢s choices made in this article to appeal her argument to the audience. First, I believe it isRead MoreDescription of the Whole Nike T90 Laser III Advertisement Essay803 Words à |à 4 Pagescamera focuses on new Nike shoe (T90 III) and then Rooney hits the banana shot, which is tough and requires accuracy. All over, it is a very modern advertisement which shows the usage of latest stuff. In the end of the advertisement, first they shows shoes with a slogan master accuracy, which is quite impressive. Second one shows Nike logo with a quotation make the difference. All in all, this advertisement is quite impressive. ANALYSIS We can see they are using the two famous players of soccerRead MoreRhetorical Analysis Of The Inglorious Fruits And Vegetables 981 Words à |à 4 Pagesthere is one? France launched an advertising campaign that was created by Intermarchà ©, entitled ââ¬Å"The Inglorious Fruits and Vegetablesâ⬠. I chose this particular video because it utilizes many, if not all of the rhetorical tools. In this rhetorical analysis we will take an in-depth look at the rhetorical appeals, the triangle, and the canons that this advertising campaign forgoes. Intermarchà © is the third largest supermarket chain in France. 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Their logo is also attractive. Banana Mania had products like churon, banana float, and the banana con yelo. 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Each portion of frozen yogurt was sold for six dollars with two toppings on it. Various fresh fruits were included in the choices of toppings, such as kiwi, strawberry and banana. The biggest advantage of Froyo To Go, expressed by the owner, was the healthy and fresh toppings with the frozen yogurt for the image his product shows is healthier and thus more attractive to customers than others. The competition is rather lowRead Moreturon6033 Words à |à 25 PagesAngel University where almost every canteen is selling all-time favorite turon. That is why; we had come up to present ââ¬Å"Cardava Turonâ⬠as our original product for the YEntrepMan Business Plan. ââ¬Å"Cardava Turonâ⬠came from the word ââ¬Å"Cardava Bananaâ⬠which means ââ¬Å"Saba Bananaâ⬠in the Philippines. Cardava Turon was made possible because of the booming ââ¬Å"turonâ⬠business. Weââ¬â¢ve thought that selling ââ¬Å"turonâ⬠could be a better idea to produce a product that is known and saleable. But because of our innovative mindRead MoreThe Obesity Epidemic in America Essays1082 Words à |à 5 Pagesadvertisement for fast food is also everywhere; TV, logos, radio, billboards and schools. In The Obesity Epidemic in America and the Responsibility of Big Food Manufacturers a research study was conducted consisting of the affects of TV ads on children. ââ¬Å"The results showed that American children are bombarded with commercials for unhealthy foods that contain a lot of salt, fat, and sugarsâ⬠. When children see commercials with chocolate chip cookie cereal or banana sundae pop tarts they cannot wait to eat those
Sunday, December 15, 2019
Vidding and Copyright Infringement Free Essays
Many people have become semi famous from others vidding content that they uploaded or appeared in. A few semi famous people, extra ordinary personalities, that come to mind are the Double Rainbow Guy, aka Yosemitebear, Sweet Brown, and Antoine. Without ââ¬Å"viddingâ⬠these people would not have had any fame or acknowledgement whatsoever. We will write a custom essay sample on Vidding and Copyright Infringement or any similar topic only for you Order Now There is a fine line between copyright infringement and vidding. One factor that I think plays an important role in differentiating the two is if a video is modified from its original version and an artistic twist is added. Art is intellectual property, and by adding your own property to it, makes it your own. The Double Rainbow video is a great example. This video was up on the YouTube sight for quite some time before being discovered by talk show host Jimmy Kimmel who posted a tweet with the YouTube link on his Twitter account. From there the video spread like wildfire and people were interviewing the maker of the, Paul Vasquez a Yosemite Park resident. Three days later, a well-known auto tuner made a remix video with a song out of the double rainbow video. The song was made available on ITunes and the profits are split 50/50 with Paul Vasquez, who made the original video and the remix auto tuner, known by user name schmoyoho. When the person vidding the original pays royalties or splits profits, then I think this is not copyright infringement because they are paying their dues. If a person profits from using the original version in their new formatted version, then they should have to pay the original owner a portion, it is only fair. I think this is the fine line between self-expression, freedom of speech, and copyright infringement. If you are looking to profit from the content without consent than that is unethical. However, if you are adding your own perception of a television show or video just to express your point of view then this falls under freedom of speech. With social media more popular than ever, there are millions of people copying and sharing original tweets of Facebook posts. We are absolutely unable to monitor every personââ¬â¢s tweets and posts. With such a broad spectrum of what falls under copyright infringement and what falls under self-expression, we as adults have to be able to use judgment based on ethical reasoning. Lawrence Kohlberg categorized different stages of moral development. People have to use their morals and ethical reasoning to draw a line under the copyright laws. You know when you are stealing someone elseââ¬â¢s ideas. The bottom line is that credit should be given where credit is due. References: http://knowyourmeme. com/memes/double-rainbow Lawrence, A. T. Weber, J. (2011). Business and Society: Stakeholders, Ethics, Public Policy (13th ed. ). New York: McGraw-Hill/Irwin. ISBN: 978-0-07-813715-0 How to cite Vidding and Copyright Infringement, Papers
Saturday, December 7, 2019
Capitalsim History Essay Example For Students
Capitalsim History Essay CapitalismCapitalism is the name given to the economic system that incorporates free enterprise and a market system by Karl Marx, the founder of communism. By the textbook definition, capitalism is an economic system in which private individuals and business firms carry on the production and the exchange of goods and services through a complex network of prices and markets. (Heilbroner1 13-15) Capitalism is a philosophy that originated in Europe, where it evolved and reached its pinnacle in the nineteenth century. During the nineteenth century capitalism spread throughout the world and to the United States. The United States adopted the ideas of capitalism and put them into practice making capitalism Americas economic system. Capitalism has been for the most part the dominant economic system in the world and has only been challenged on limited occasions by other economic systems such as socialism and communism. (Heilbroner2 36-40)Capitalism, as does any other economic system, has sev eral key characteristics that define it. First, basic production facilities such as land and capital are privately owned. Second, economic activity is organized and coordinated through the interaction between the buyers and the sellers in markets. Third, owners of the land and capital as well as the workers they employ are free to pursue their own self interest in seeking maximum gain from their resources and labor in production. This means that consumers may spend their incomes in whatever way they wish, which is a principle called consumer sovereignty. This principle reflects the idea that under capitalism, producers will be forced by competition to use their resources in ways that will most efficiently satisfy the desires of the consumers. Thus allowing self-interest to drive the economy. The fourth characteristic of capitalism is that there is a minimum of government supervision required. If competition is present, the activity of the economy will be self-regulating. Government action is only necessary when needed to uphold the rights of private property and to guarantee contracts. The most important characteristic of a capitalistic economic system is its goal. According to Robert Heilbroner, The elusive goal for a capitalist nation is to secure, simultaneously, high employment and stable prices. (Heilbroner1 65)The origination of capitalism took place in Europe mainly during the thirteenth century and onward. The developments society underwent in Europe during the Renaissance and the Reformation were vital in the emergence of the modern nation-state. The nation state provided the essential peace, law, and order that are crucial for capitalism to grow. This growth is achieved through the accumulation of an economic surplus by the private entrepreneur and the funneling of this surplus back into the capitalist system for further expansion. Therefore without some minimum of peace, law and order, this cycle would not continue and capitalism would not be succes sful. (Heilbroner 147)As time rolled on capitalism continued to evolve. During the time period between the fifteenth century and the eighteenth century, when capitalism developed in another unique direction called mercantilism. The mercantilist system focused on the interests of the state rather than self-interest. The key idea of mercantilism is a surplus of exports over imports. This idea was the product of the states preoccupation with accumulating national wealth. Mercantilism eliminated much of the self-interest needed for capitalism. Therefore mercantilism did not survive when capitalism evolved to the next step. (Heilbroner1 148-150)Adam Smith, the man who ushered in modern capitalism, attacked the idea of mercantilism. Smith believed in a natural economic order, or one with limited government regulation. Smith also felt the division of labor was important. He thought it was, The extension of markets almost limitless possibilities for society to expand and trade. (Heilbroner2 143) Another key step toward modern capitalism was the Industrial Revolution. This was when mechanical power took over the place of animal power in the production of goods and services. In effect, production became more specialized and concentrated in larger units known as factories. (Heilbroner1 152)When the Industrial Revolution took full swing in the United States, the government adopted Laissez-Faire Capitalism. This meant that the idea of government regulation of business was alien to the prevailing economic beliefs of capitalism. Quite simply the government left business alone and a business either made it or it did not. Adam Smith said, Businesses should be regulated, not by the government, but by the invisible hand of the law of supply and demand. (Newman 339) The theory was, if government kept their hands off, businesses would be motivated by their own self interests to offer improved goods and services at low prices. This basically meant only the fit would survive in the economy. That is exactly what happened and the monopolistic trusts began to rise, which decreased the competition needed for natural regulation. Anti-trust laws were eventually passed and allowed for the restoration of the competition in the market. (Newman 342)During the twentieth century wars, revolution, and depression have buffeted capitalism. The greatest challenge to face capitalism came in the late 1920s to the 1930s during the Great Depression. The Great depression was caused by many reasons, mainly over speculation of the stock market. President Franklin D. Roosevelt restructured the financial system with his New Deal so as to prevent a repeat of the excess speculation that had led to the financial collapse in 1929. Action was taken to encourage collective bargaining and build a strong labor movement in order to offset the concentration of economic power in large industrial corporations. Also modern welfare was introduced through social security and unemployment insurance. These were measures that were designed to protect people from the dangers of a capitalist system. (Newman 492) The New Deal is an example of a capitalist systems remarkable ability to survive and adapt to change. Also the New Deal is an example of how some government regulation can be beneficial to a capitalist system. Westward Expansion Essay Today in the year 2000, capitalism is still the dominant economic system. The question for the future is will Global Capitalization take place and more importantly will it succeed? Global Capitalization is the rise of market capitalism around the world. It incorporates a free market system throughout the world with no economic boundaries. However the question remains how can this be done efficiently and erase all of the current problems? One of these problems for example could be an American company building a factory in Africa and globalize. However the problem could be that the American company is doing business in Africa because there may be certain regulations such as environmental laws in the U.S. that do not exist elsewhere. For Global Capitalism to move into the next stage will require a much more sophisticated look at the costs and benefits of open markets. (Engardio 72-76) Only the future may decide where capitalism is heading, but if the past is any indication, capitalism w ill correct itself where needed and succeed.
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