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What alliance brought about an economic rebuilding of the south?
powerful white southerns and northerns financiers
Has the distribution of wealth changed over the last 1000 years?
In a sense, yes. Obviously the people who were wealthy 1000 years ago are not the same as the wealthy people today and very few families, if any, have been able to keep family wealth for that long. Furthermore, sources of wealth have changed. Forests have been cut down, castles have fallen into ruin, mines have been depleted. However, new sources have appeared. Oil wells have been sunk, once undesirable land has become valuable due to increased populations, railroads, water power, larger ships and other factors, so a new class of rich merchants, financiers and oil sheiks has emerged. There are wealthy families but most go back for less than 200 years. In another sense, the percentage of wealthy people does not change much. A relatively small number of people control most of the wealth and this is true now as well it was 1000 years ago. Revolutions and tax systems have tried on occasion to divide the wealth evenly, but it never works. A small group always finds a way to gain control of the wealth. The members of the group can change, but the size of the group remains small.
What are the advantages and disadvantages of profit maximisation?
i dont knowSkip to main content.Subscribe to the Houston Chronicle | Shopping | Classifieds | Obituaries | Place an Ad | La VozRegister | Sign InChron.comWeb Search by YAHOO!Local DirectoryHomeLocalUS & WorldSportsBusinessEntertainmentLifestyleJobsCarsReal EstateSmall Businessby Demand MediaBusiness Technology & Customer Support|Business Communications & Etiquette|Human Resources|Managing Employees|Setting Up a New Business|Advertising & Marketing|Business & Workplace Regulations|Types of Businesses to Start|More »» Business Models & Organizational Structure» Accounting & Bookkeeping» Business Planning & Strategy» Finances & Taxes» Running a Business» Money & DebtSmall Business >Finances & Taxes >ProfitAdvantages & Disadvantages of Profit Maximization by Renee O'Farrell, Demand Media inShare0Share Bit.lyBloggerDeliciousDiggGoogle BookmarkGoogle PlusInstapaperPosterousStumbleuponTumblrYahoo! BookmarkxRSSEmailMaximizing profits as a strategy is fine in the short term, but consequences exist.profit image by Michael Shake from Fotolia.comRelated ArticlesDifference Between Sales Maximization & Profit MaximizationSales Maximization Vs. Profit MaximizationAdvantages and Disadvantages of For-Profit CompaniesRevenue Maximization vs. Profit MaximizationAdvantages & Disadvantages of Retained ProfitThe Advantages & Disadvantages of Economic Order Quantity (EOQ)When a firm applies profit maximization, it is basically saying that its primary focus is on profits, and it will use its resources solely to get the biggest profits possible, regardless of the consequences or the risk involved. Profit maximization is a generally short-term concept. Application usually lasts less than one year, although some companies employ this strategy exclusively, constantly jumping on the next big trend.RiskPursuing a profit maximization strategy comes with the obvious risk that the company may be so entrenched in the singular strategy meant to maximize its profits that it loses everything if the market takes a sudden turn. For example, a company may find that it gets the most profit selling the Wii gaming system, so instead of keeping a balanced inventory, it invests solely in buying Wiis to sell. If the Wii goes out of favor or the makers of the Wii begin to limit the price that can be charged for the system, the company that relied solely on its investment in Wiis could lose everything. Similarly, if a company focuses only on maximizing its profit, it may miss opportunities for investment and expansion. Expectation and GoodwillYou also need to consider consequences of profit maximization. If a company pursues a profit maximization strategy, it creates an environment where price is a premium and cutting costs is a primary goal. This, in turn, creates a perception of the company that could lead to a loss of goodwill with customers and suppliers; for instance, a company may win subsequent contracts with a client by bidding the first job low. It also creates an expectation of shareholders to see immediate gains, rather than realizing profits over time. Cash FlowFor all its drawbacks, profit maximization carries the big advantage of creating cash flow. When maximizing profit is the primary consideration, investments, reinvestments and expansions are typically tabled. The company simply makes do on what it has. This can create a more cost-efficient environment. In the mean time, the profits keep building, producing a healthy bottom line and increasing the firm's amount of available cash. Sometimes profit maximization is used entirely to create an influx of cash so the firm can reduce its debt or save up for expansion. Financing and InvestorsSome degree of profit maximization is always present. The goal of a company is to create profits. It has to profit from its business to stay in business. Moreover, investors and financiers in the company may require a certain level of profits to secure funds for expansion. Further, a company has to perform well for its shareholders; they expect a return on their investments. As such, maximizing that profit is always a consideration to some extent. ReferencesSan Jose State University Department of Economics; Is Profit Maximization the Proper Objective for Firms in a Market Economy?; Thayer WatkinsResourcesBlackwell Publishing; Understanding Financial Management; H. K. Baker and G. E. Powell; 2005About the AuthorRenee O'Farrell is a freelance writer providing valuable tips and advice for people looking for ways to save money, as well as information on how to create, re-purpose and reinvent everyday items. Her articles offer money-saving tips and valuable insight on typically confusing topics. O'Farrell is a member of the National Press Club and holds advanced degrees in business, financial management, psychology and sociology.Photo Creditsprofit image by Michael Shake from Fotolia.comMore ArticlesGraphic Ways to Depict Profit MaximizationThe Advantages & Disadvantages of the Beef Production IndustryLimited Liability Partnership Advantages & DisadvantagesAdvantages & Disadvantages of Using Computer Technology in Decision MakingAlso ViewedHow to Calculate Profit MaximizationThe Difference Between Profit & Revenue MaximizationAdvantages & Disadvantages of a Nonprofit StatusThe Advantages of Profit-Sharing PlansAdvantages and Disadvantages of a Marketing StrategyAdvantages and Disadvantages of StakeholdersRelated TopicsOther Finances & TaxesHow to Claim Taxes When You Open Your Own BusinessTaxes Payable vs. Payroll TaxesKey Tools for Planning FinancesHow to Write Off My Cellphone as a Business Expense on My Tax FormsSmall Business IndexPowered by Demand MediaLocalUS & WorldSportsBusinessEntertainmentLifestyleJobsCarsReal EstateThe Houston Chronicle is the premier local news provider for the country's 4th largest city.Currently the nation's sixth-largest newspaper, the Houston Chronicle is a multimedia company publishing print and online products in English and Spanish that reach millions of people each month. The Houston Chronicle is owned by the Hearst Corporation.Advertise With UsPurchase ads for web, social media, and print via Hearst Media ServicesPlace a classified ad in the paper or onlinePlace a targeted ad in a speciality section such as a weekly or neighborhood publicationSubscriber ServicesGet home delivery, manage your subscription, pay your bill with EZ Pay, and set a vacation hold for the paperLocal Business DirectoryAbout UsCorporate HomeAbout the Houston ChronicleCareersCommunityLegal NoticesContestsAd ChoicesContact UsCustomer ServiceNewsroom ContactsEditions & AppsiPadiPhoneAndroidBlackberryMobile WebsiteeEdition Demo | Today's eEditionChronicle in EducationChron.com Site IndexFollow ChronFacebookTwitterLinkedInNewslettersRSSMarch 4, 2012, marks the 125th anniversary of Hearst. The company has grown from a single newspaper in 1887, into one of the world's most admired private media and information companies with some 200 businesses in more than 100 countries. 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Do the rothchild's own the federal reserve?
While some conspiracy theorists suggest that banking families like the Rothchilds do indeed "own" the Federal Reserve (even by their words, "own" is loosely used), there is no hard evidence to suggest it is true. Banks are required to buy stock in the Federal Reserve (this is a tool of the Federal Reserve called the reserve ratio) in order to licensed as banks. Thus, it has lead some to believe that banking families indeed "own" the Fed. Another View Permit me to issue and control the money of the nation and I care not who makes its laws. --- Mayer Amsched Rothchild, a prominent European banker in the eighteenth century If the American people ever allow the banks to control issuance of their currency, first by inflation and then by deflation, the banks and corporations that grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied. --- Thomas Jefferson I believe that banking institutions are more dangerous to our liberties than standing armies. --- Thomas Jefferson The One World Government leaders and their ever close bankers have now acquired full control of the money and credit machinery of the U.S. via the creation of the privately owned Federal Reserve Bank. --- Curtis Dall (Franklin D. Roosevelt's son-in-law), My Exploited Father-in-Law Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the Field of commerce and manufacture, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they better not speak above their breath when they speak in condemnation of it. --- President Woodrow Wilson, 1913 This Federal Reserve Act establishes the most gigantic trust on earth. When the President (Wilson) signs this bill the invisible government of the Monetary Power will be legalized. --- Hon. Charles A. Lindbergh, Sr., Dec. 23, 1913 We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominate men. I have unwittingly betrayed my country. --- President Woodrow Wilson, 1916 In March, 1915, the J.P. Morgan interests, the steel, shipbuilding, and powder interest, and their subsidiary organizations, got together 12 men high up in the newspaper world and employed them to select the most influential newspapers in the United States and sufficient number of them to control generally the policy of the daily press... They found it was only necessary to purchase the control of 25 of the greatest papers... An agreement was reached; the policy of the papers was bought, to be paid for by the month; an editor was furnished for each paper to properly supervise and edit information regarding the questions of preparedness, militarism, financial policies, and other things of national and international nature considered vital to the interests of the purchasers. --- U.S. Congressman Oscar Callaway, 1917 The real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over city, state and nation. Like the octopus of real life, it operates under cover of a self created screen... At the head of this octopus are the Rockefeller Standard Oil interests and a small group of powerful banking houses generally referred to as international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. They practically control both political parties. --- New York City Mayor John F. Hylan, 1922 From the days of Sparticus, Wieskhopf, Karl Marx, Trotsky, Rosa Luxemberg, and Emma Goldman, this world conspiracy has been steadily growing. This conspiracy played a definite recognizable role in the tragedy of the French revolution. It has been the mainspring of every subversive movement during the 19th century. And now at last this band of extraordinary personalities from the underworld of the great cities of Europe and America have gripped the Russian people by the hair of their head and have become the undisputed masters of that enormous empire. --- Winston Churchill, l922. We are at present working discreetly with all our might to wrest this mysterious force called sovereignty out of the clutches of the local nation states of the world. --- Professor Arnold Toynbee, l931 Institute for the Study of International Affairs. For a long time I felt that FDR had developed many thoughts and ideas that were his own to benefit this country, the United States. But, he didn't. Most of his thoughts, his political ammunition, as it were, were carefully manufactured for him in advanced by the Council on Foreign Relations One World Money group. Brilliantly, with great gusto, like a fine piece of artillery, he exploded that prepared "ammunition" in the middle of an unsuspecting target, the American people, and thus paid off and returned his internationalist political support... The UN is but a long range, international banking apparatus nearly set up for financial and economic profit by a small group of powerful One World Revolutionaries, hungry for profit and power... The depression was the calculated 'shearing' of the public by the World Money powers, triggered by the planned sudden shortage of supply of call money in the New York money market... The One World Government leaders and their ever close bankers have now acquired full control of the money and credit machinery of the U.S. via the creation of the privately owned Federal Reserve Bank. --- Curtis Dall, from My Exploited Father-in-Law The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson. --- letter to Colonel House by Franklin D. Roosevelt, November 21st, l933 Fifty men have run America, and that's a high figure." --- Joseph Kennedy, July 26th, l936 New York Times. We shall have world government whether or not you like it by conquest or consent. --- James Warburg member Council on Foreign Relations speaking before Senate Foreign Relations Committee on February 17th, l950 The real rulers in Washington are invisible, and exercise power from behind the scenes. --- Supreme Court Justice Felix Frankfurter, 1952 Today the path of total dictatorship in the United States can be laid by strictly legal means, unseen and unheard by the Congress, the President, or the people. Outwardly we have a Constitutional government. We have operating within our government and political system, another body representing another form of government a bureaucratic elite. --- Senator William Jenner, 1954 The most powerful clique in these (CFR) groups have one objective in common they want to bring about the surrender of the sovereignty and the national independence of the U.S. They want to end national boundaries and racial and ethnic loyalties supposedly to increase business and ensure world peace. What they strive for would inevitably lead to dictatorship and loss of freedoms by the people. The CFR was founded for "the purpose of promoting disarmament and submergence of U.S. sovereignty and national independence into an all powerful one world government." --- Harpers magazine, l958 The case for government by elites is irrefutable. --- Senator William Fulbright, Former chairman of the US Senate Foreign Relations Committee, 1963 The Trilateral Commission is intended to be the vehicle for multinational consolidation of the commercial and banking interests by seizing control of the political government of the United States. The Trilateral Commission represents a skillful, coordinated effort to seize control and consolidate the four centers of power political, monetary, intellectual and ecclesiastical. What the Trilateral Commission intends is to create a worldwide economic power superior to the political governments of the nation states involved. As managers and creators of the system they will rule the future. --- Senator Barry Goldwater l964 from his book: With No Apologies The powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements, arrived at in frequent private meetings and conferences. The apex of the system was the Bank for International Settlements in Basle, Switzerland; a private bank owned and controlled by the worlds' central banks, which were themselves, private corporations. The growth of financial capitalism made possible a centralization of world economic control and use of this power for the direct benefit of financiers and the indirect injury of all other economic groups. --- Tragedy and Hope: A History of The World in Our Time 1966, Professor Carroll Quigley, Georgetown University. The Council on Foreign Relations is "the establishment." Not only does it have influence and power in key decision making positions at the highest levels of government to apply pressure from above, but it also announces and uses individuals and groups to bring pressure from below, to justify the high level decisions for converting the U.S. from a sovereign Constitutional Republic into a servile member state of a one world dictatorship. --- Congressman John Rarick 1971 The New World Order will have to be built from the bottom up rather than from the top down... but in the end run around national sovereignty, eroding it piece by piece will accomplish much more than the old fashioned frontal assault. --- Council on Foreign Relations member Richard Gardner, l974 The drive of the Rockefellers and their allies is to create a one-world government combining super capitalism and Communism under the same tent; all under their control... Do I mean conspiracy? Yes I do. I am convinced there is such a plot, international in scope, generations old in planning, and incredibly evil in intent. --- Congressman Larry P. McDonald, 1976 I never thought the Federal Reserve System would prove such a failure. The country is in a state of irretrievable bankruptcy. --- Senator Carter Glass 1983 We are grateful to The Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But, the work is now much more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries. --- David Rockefeller, founder of the Trilateral Commission, address to The Trilateral Commission, June, 1991. In the next century, nations as we know it will be obsolete; all states will recognize a single, global authority. National sovereignty wasn't such a great idea after all. --- Strobe Talbott, Clinton's Deputy Secretary of State, Time Magazine, July 20th, l992. Robert B. Reich, former Secretary of the Treasury in the Clinton Administration, made these statements as reported in USA Today, January 7, 1999: The dirty little secret is that both houses of Congress have become increasingly irrelevant... In case you hadn't noticed, America's domestic policy is now being run by Alan Greenspan and the Federal Reserve Board. Their decisions about interest rates are determining how many of us have jobs and how many of us get a raise. When the Fed's Open Market Committee decides to lower the rates, unemployment drops and wages rise. When they raise rates, it's just the opposite. When they decide to hold rates steady, as they did last week, the economy continues to move in whatever direction it was already going... Congress is out of the loop... America's foreign policy, mean while, is now being run by the International Monetary Fund (IMF), with some coaching from the Treasury Department... Here, too, Congress has become irrelevant. Some senators and House members fussed a bit when the administration asked for tens of billions of additional dollars for the IMF. But in the end, the elected representatives came through... And when the president decides to go to war, he no longer needs a declaration of war from Congress. He just calls up a few generals, phones Tony Blair in Britain and sends in the bombers. Have you seen a single congressional hearing or congressional debate on the U.S.-Iraqi war? If the above quotes do not convince you of your awful situation just take a look at the very notes you carry in your pockets. On the series 1928 Federal Reserve Note it said that the note was: Redeemable in gold on demand at the United States Treasury or in gold or lawful money at any Federal Reserve Bank. On the series 1934 Federal Reserve Note it said: This note is legal tender for all debts public and private and is redeemable in lawful money at the United States Treasury or at any Federal Reserve Bank. On the series 1963 Federal Reserve Note and through to today it says: This note is legal tender for all debts, public and private.
How is history related to economics with example?
History is related to economics because the economic systems people have chosen in the past and their wants affected their decisions. By understanding how economic incentives and factors influenced our ancestors, we will understand how history operated and the events in history made sense. A good example, although lengthy, is what's been occurring in United States' economics through 2010-2011. First, every time government's elected officials change, there is an opportunity and risk that economics change: Most economists say Republicans favor tighter controls on spending, while (they say), Democrats and Liberals spend more "for the common good". For many years, government, businesses, and private citizens spent more money than they brought in. People overused credit and put themselves into debt-- eventually, they had to quit spending, especially as conditions deteriorated. Economics and Wall Street investments "corrects" itself -- eventually. States which had become burdened with budget deficits began to change policies (examples: California; Ohio; to name two). At the same time, Congress and the President came up with new "Health Care" bills which alarmed business owners and citizens. Businesses and citizens feared and rejected many new policies of government leaders. While the US had experienced favorable employment conditions for many years, new changes in policies made business owners hold back on new hiring. Major companies (which also had overspent) faced decreasing sales-- BUT-- if they used layoffs to balance their deficits, these companies would then contribute to rising unemployment. The President used "bail outs" to major banks and manufacturers (such as GM) in an attempt to stabilize a weak buying market and retain jobs. But few citizens went out to buy the products--such as GMs new vehicles. So the President tried a "Stimulus Package" which sent $250 to each citizen. But the results were mixed with most people NOT spending, and instead saving some or part of that money. At the same time, many large banks and other financiers were finally investigated for increasing credit card interest charged and for financial "misbehaviors" (like the ponzi scam on Wall Street); politicians have tried to impose limits on foreclosures and improper financing banks/companies. But interest rates have climbed from 7% for very "good credit" to over 35% in interest for paying customers. At the same time, banks that offered credit cards were guilty of offering limited free interest credit cards to unemployed--such as college students--who then defaulted and never paid those debts. Again, the government (finally!) stepped in with new regulations that make it harder for college students to get unsecured, free interest credit cards. But... in the meantime.... unemployment is at record highs across the country; people are losing their homes; banks are greedily hounding people who don't pay their mortgages on time every month; companies who bought mortgages from banks are reportedly trying to foreclose even when they've lost or misplaced the mortgage documents; Wall Street has seen some of the biggest dives in recent memory; citizens continue to fear their financial futures especially as more people lose their jobs and US companies farm out work to overseas locations, who ask for less in salaries; States are trying to become solvent through major cuts to health, education, and 'the welfare' of citizens; fire departments, police departments, school districts, and even whole cities are either cutting employees or services or both; some State Attorney General Offices have filed objections to the President's Health Care Law that's to take effect in 2012 saying that parts are unconstitutional and most citizens reject the law.... US Economics right now are a big mess! It hasn't helped that many trillions of dollars have been spent on a 10-year "war" (under many names and objectives). The role of economics in 2010-2011, with the first-ever threat of default by the US to pay it's debts, can have worldwide effects on other countries' economies. HOW all of these economic problems will play out will be of great concern in the next US Presidential election (citizens typically flip to the other party when one party has been in charge during a crisis), but the economics of today will also be studied long into the future. Historians will use many pieces of the current economic problems as examples for and against particular policies. But it won't just be "economic historians" who study the factors of today. Historical experts and students from areas such as Public Health, Public Safety, Public Welfare, Employment/Unemployment, Economics, Business, etc. will likely use 2010-2011 examples in research and commentary as historians search for specific factors which contributed to today's crises, and as historians pinpoint better methods to balance "public needs" with "governmental needs". Unfortunately, the 2010-2011 economic picture is not the first crisis in the USA. We had a mini Depression in the 1880s; a major Depression in the 1920s; and we've had multiple Recessions throughout history, especially in the 1900s & 2000s. It seems some segments of government and society did not learn from the historical mistakes we've already made.
What has the author Tadanori Nishiyama written?
Tadanori Nishiyama has written: 'Datsu shihon shugi bunseki' -- subject(s): Capitalism, Capitalists and financiers, Employee participation, Industrial management 'Nihon kigyoron'
Where can one find the names of financiers who will invest in a placement company?
There are many financiers who will invest in a placement company. One can find such financiers on 'Peak Independence', 'Service Financiers Rioux' and 'Slideshare'.
What has the author Paul Jarvie written?
Paul Jarvie has written: 'Ready to trample on all human law' -- subject(s): Capitalism and literature, Capitalists and financiers, Capitalists and financiers in literature, Characters, Economics, Economics in literature, Finance in literature, History, Knowledge
Why don't Americans revolt against the bankers and financiers who have taken over their country?
this is false... the bankers and financiers have not taken over the US.
Which of the composers upon arriving in Paris in 1831 quickly became closely associated with the most prominent intellectuals artists musicians political activists and financiers of hi?
Hector Berlioz quickly became closely associated with the prominent intellectuals, artists, musicians, political activists, and financiers of his time upon arriving in Paris in 1831. His innovative compositions and strong opinions on music made him a central figure in the cultural scene of Paris during the Romantic era.
The panic of 1857 was caused by?
northern financiers
Who benefited most from World War 2?
The financiers
What has the author Laura Mandell written?
Laura Mandell has written: 'Misogynous economies' -- subject(s): English literature, History and criticism, History, Economics in literature, Capitalism and literature, Ethics in literature, Misogyny in literature, Women authors, Women and literature, Capitalists and financiers in literature, Rape in literature, Women in literature
Does private financiers have first claim to profits or assets of a firm?
Lenders does.
Can defaulting on a car loan ever be considered a crime in the state of California?
Only to financiers
What alliance brought about an economic rebuilding of the south?
powerful white southerns and northerns financiers
What has the author Sigmund Diamond written?
Sigmund Diamond has written: 'Compromised campus' -- subject(s): Academic freedom, Higher education and state, History, Investigation, Political crimes and offenses, United States, United States. Federal Bureau of Investigation 'The reputation of the American businessman' -- subject(s): Capitalistes et financiers, Capitalists and financiers 'The reputation of the American businessman' -- subject(s): Capitalists and financiers
