Industrial Revolution Essays (871 words) - Business, Manufacturing

Industrial Revolution In the last part of the 18th century, a new revolution gripped the world that we were not ready for (Perry, 510). This revolution was not a political one, but it would lead to many implications later in its existence (Perry, 510). Neither was this a social or Cultural Revolution, but an economic one (Perry, 510). The Industrial revolution, as historians call it, began the modern world. It began the world we live in today and our way of life in that world. It is called a revolution because the changes it made were so great. They were also sudden, although the preparation for these changes took many years. It is called industrial because it had to do with manufacture. Manufacture means the making of every kind of useful article, from cotton cloth to brass pins. The Industrial Revolution changed how the world produced its goods and altered our societies from a mainly agricultural society to one in which industry and manufacturing was in control. The Industrial revolution began in England in the middle of the 18th century (Perry, 511). It was in full swing at the time of the American Declaration of Independence in 1776 and England at the time was the most powerful empire on the planet (Perry, 511). So, it was inevitable that the country with the most wealth would be a leader in this revolution. This revolution transformed the entire life of the people and it the habits of workers-the men and women who produced the goods. It brought down prices, so that people were able to buy things they could not buy before. It made some men rich, but it reduced the earning power of others. It gave work to many that had been unemployed. At the same time it took jobs away from many skilled workers. Because British entrepreneurs were unable to meet the increased demand for goods by traditional methods of production, the domestic handicraft system of manufacturing gave way beginning in the late 18th century to factory-based mechanization. The cotton industry was the first to be fully mechanized (Perry, 515). The crucial inventions were James Hargreavess spinning jenny (1765), Richard Arkwrights water frame (1769), Samuel Cromptons mule (1779), and Edmund Cartwrights machine loom (1765, but delayed in its general use) (Perry, 515). The first factories were driven by water, but James Watts steam engine (1760s) made steam-driven machinery and modern factories possible from the 1780s (Perry, 515). Each development spawned new technological breakthroughs, as for example, Sir Henry Bessemers process for making steel (1856) (Perry, 517). With the sudden introduction of machines powered by waterwheels or steam engines manufacturing had to be done in hot, crowded factories and the work became harder for the workers (Perry, 524). It could no longer be done in comfortable homes with spinning wheels, for example, or handlooms. The Industrial Revolution affected many other kinds of manufacture. For the making of machines, tools, and engines, huge ironworks became necessary and these used new methods (Perry 516-17). When the railways came, rolling mills for iron and steel rails did a large business (Perry, 517). Its easy to see how the Industrial Revolution changed more than the geography of England. It changed the living habits and economic conditions of almost all the English people as well (Perry, 519-523). Families everywhere moved to cities to get employment (Perry, 520-22). Country villages were deserted and the cities grew rapidly (Perry, 520-22). Now that waterpower was no longer necessary, towns grew up far from rivers. Under the new industrial ownership men grew enormously rich in a short time. When labor was paid almost starvation wages, there was an immense gap between the rich and the poor (Perry, 522-24). The nation was no longer self-supporting in food as agriculture became less important (Per ry, 513). More and more food, raw cotton, bar iron, flax and other raw materials were imported. All the time the British Empire grew in size and activity. Britain had certain natural advantages that help to explain why the Industrial Revolution began there. It was richly endowed with coal and iron, easily navigable waterways, and easily negotiated coasts. It was favorably placed at the crossroads of international trade, and the largest

The Renaissance Art Period - About.com Art History

The Renaissance Art Period - About.com Art History We all know what the Renaissance was, correct? Michelangelo, Leonardo, Raphael, and company created some fabulous paintings and sculptures that we continue to marvel over many centuries later and so on and so forth. (Hope you are nodding your head right now and thinking Yes, yes - please get on with it!) While these were vitally important artists, and their collective work is what usually comes to mind when one hears the word Renaissance, as so often happens in life things arent quite that simple. The Renaissance (a word which literally means born anew) is a name weve given to a period in Western history during which the arts - so important in Classic cultures - were revived. The arts had quite a difficult time remaining important during the Middle Ages, given all of the territorial struggles that were occurring throughout Europe. People living then had enough to do merely figuring out how to stay in the good graces of whoever was ruling them, while the rulers were preoccupied with maintaining or expanding control. With the large exception of the Roman Catholic Church, no one had much time or thought left over to devote toward the luxury of art. It will come as no surprise, then, to hear that the Renaissance had no clear-cut beginning date, started first in those areas which had the highest relative levels of political stability and spread, not like wildfire, but in a series of different phases which occurred between the years c. 1150 and c. 1600. What were the different phases of the Renaissance? In the interest of time, lets break this topic down into four broad categories. The Pre- (or Proto-) Renaissance began in a northern enclave of present-day Italy sometime around 1150 or so. It didnt, at least initially, represent a wild divergence from any other Medieval art. What made the Proto-Renaissance important was that the area in which it began was stable enough to allow explorations in art to develop. Fifteenth-century Italian Art, often (and not incorrectly) referred to as the Early Renaissance, generally means artistic goings-on in the Republic of Florence between the years 1417 and 1494. (This doesnt mean nothing happened prior to 1417, by the way. The Proto-Renaissance explorations had spread to include artists throughout northern Italy.) Florence was the spot, for a number of factors, that the Renaissance period really caught hold and stuck. Sixteenth-century Italian Art is a category which contains three separate topics. What we now call the High Renaissance was a relatively brief period which lasted from roughly 1495 to 1527. (This is the little window of time referred to when one speaks of Leonardo, Michelangelo, and Raphael.) The Late Renaissance took place between 1527 and 1600 (again, this is a rough time table) and included the artistic school known as Mannerism. Additionally, The Renaissance thrived in Venice, an area so unique (and supremely disinterested with Mannerism) that an artistic school has been named in its honor. Northern European Renaissance The Renaissance in Northern Europe struggled to come into being, mostly due to the stranglehold Gothic art maintained for centuries and the fact that this geographical region was slower to gain political stability than was northern Italy. Nonetheless, the Renaissance did occur here, beginning around the middle of the fourteenth century and lasting until the Baroque movement (c. 1600). Now lets explore these Renaissances to get an idea of which artists did what (and why we still care), as well as learning the new techniques, mediums and terms that came from each. You can follow any of the hyperlinked words (theyre blue and are  underlined) in this article to go to the part of the Renaissance that interests you most.

National Emergency Communication Plan Research Paper

National Emergency Communication Plan - Research Paper Example Emergency communications is highly depended on by many agencies in United States (Safecom Program, Online). NECP was established by US department of Homeland Security’s Office of Emergency Communication. It was created due to lack of cooperation among the communication systems used by the nation’s first responders. Coordination in terms of passing information was crucial to enhance fire fighting, law enforcement, rescue, and other emergencies. Evidence of lack of proper coordination among systems was witnessed through the occurrence of attacks in the Pentagon, World Trade Centre in 2001 and Hurricane Katrina. NECP aims to provide up to date modes of communication to enhance response to emergency calls. The plan suggests reasonable goals for the federal, state, local, as well as tribal authorities to be achieved by 2013. It does not interfere with the distribution of funds by the Department of Homeland security (Department of Homeland Security, Online). NECP, being the first strategic plan, majorly aims to improve emergency response communications. It also works hand in hand with Homeland securities in its legislations. During the year 2010, it planned to achieve quick response emergency communication within one hour in high risk urban areas. In 2011, it aimed at achieving high level response emergency communication in low risk urban areas. By 2013, it aims to thrust all authorities to demonstrate response-level emergency communications within 3 hours in case of a major event a specified in nation’s planning scenarios (Walker 5). Land mobile radio and related public safety control systems have been put in place to ensure the quality and continuity of communications systems. Principles of chain and unity of command, unified command (for multi- agency incidents), and standardised span of control have also been put in place to clearly explain duties and responsibilities of responders. Shared laws and regulations have been structured to

Ethics Assignment Example | Topics and Well Written Essays - 2000 words

Ethics - Assignment Example The common form of genetic manipulation involves the insertion of new genetic material to a place that’s not specified in the host genome. This is done by isolating and copying the genetic material of interest by using molecular cloning methods in order to come up with a DNA sequence that contain the necessary genetic elements for expression. The construct is then inserted into the host organism. There exist other forms of genetic engineering such as gene targeting and knocking out of specific genes through engineered nucleases (Lemaux, 2006). Cloning though not considered genetic engineering or modification is closely related and genetic engineering has been seen to be used within it. Synthetic biology on the other hand is a discipline that is emerging where there is an introduction of artificially synthesized genetic material from raw materials into an organism. There are many resultants of genetic manipulations. When genetic materials from other species of organisms are add ed to a host the outcome is called a transgenic. When genes from same species that can interbreed are added to the result is a cisgenic. When genetic material is used to remove genetic material from another organism it results in a knockout organism (Lemaux, 2006). The process of genetic manipulation The first stage in genetic engineering is isolation of the gene. ... The third stage is called gene targeting where the gene is inserted in the host genome. The most common technique for doing his is random placement. Other techniques involve placing the gene in specific locations. Gene targeting uses is known to use homologous recombination to target desired changes to a specified endogenous gene (Beardmore & Porter, 2003). The fourth stage is called transformation and this is where the DNA is moved into an organism thereby altering its genotype or genetic makeup. There are various types of transformations but the most common is the Microinjection-injecting the DNA directly into the cell nucleus using an ultrafine needle. The fifth stage is called selection where the transformed cells are differentiated from the untransformed cells. If a given cell has been transformed successfully it usually contains a marker gene. The selection is done by growing the cell in a chemical that marks the cells that express that gene. The sixth stage is called regenerat ion where the organism is grown from the single transformed cell. In plants it is done through tissue culture while in animals it is done in embryonic cells. The last stage is confirmation and this is where the organism is analyzed to ensure that the genes will be expressed in an appropriate manner in the tissues of the organism. All the above seven steps are followed for successful genetic manipulation (Beardmore & Porter, 2003). Genetic safety There are many safety concerns that are brought about by genetically modified organisms. This has made studies be undertaken in this area to ascertain the extent to which the genetically modified organisms are safe in our environment or are safe for our consumption

Should juveniles be waivered to adult court Essay

Should juveniles be waivered to adult court - Essay Example d between 1986 and 1992 and recorded various information about waivers including their involvement in criminal court processing, sentencing, and recidivism of youth offenders. Podkopacz and Feld make several errors while attempting to draw a relationship between their localized studies and the role of waivers in court systems throughout the country. The study takes particular effort in ensuring that the population sample drawn from Hennepin’s records is reflective of the waiver trends Minnesota as well the United States. While the study succeeds in showing that its offender population generally reflects trends throughout the United States, the authors do not show that the judges sampled in the study are representative of the judges throughout Minnesota and the United States. If the authors had attempted to craft a more detailed profile of the judges, who made the subjective decision to issue the wavers, and drew a comparison to judges throughout the country, it would follow the judges elsewhere would make similar subjective decisions. The authors take a conservative stance on recidivism by choosing to allow actual adjudications or convictions to stand as indicators of recidivism rather than rearrests. The authors claim that recidivism rates of juveniles indicate that court systems are not achieving their goal. When in fact, consideration of the types of crimes committed by repeat offenders may show that these additional offenses are significantly less in magnitude than the original crimes. Thus, the legal system may be â€Å"working† towards deterring juvenile offenders from additional offenses but not enough. Although the authors make a detailed and strong argument about the role waivers play within Hennepin’s court system, the paper fails to draw a strong gap between the focused group of waivers in Hennepin and waivers throughout Minnesota and the United States. The authors of this study can strengthen their article by providing increased portraits

Should The Death Penalty Be Mandatory For Homicide?

Should The Death Penalty Be Mandatory For Homicide? Death penalty is considered to be a cruel and inhuman punishment for crimes mostly for the murder since 19th century. Death penalty is also called capital punishment which is the supreme punishment of murder or killing. Death penalty in Texas, in USA for homicide is shouldnt be mandatory because it is a brutal and inhuman punishment. Texas has the record for the number of executions. This death penalty issue is a controversial issue because some states and people think that the use of capital punishment should be mandatory for all murders otherwise the number of homicide or crimes will be increased dramatically and the criminal will get more chance to do more crimes like homicide. Besides this most of the nongovernmental institution like Amnesty International, United Nation does not want to let the death penalty mandatory for murders. According to Irene Khan, the secretary general of Amnesty International, The death penalty is the ultimate cruel, inhuman and degrading punishment. Beh eadings, electrocutions, hangings, lethal injections, shootings and stoning have no place in the 21st century (Amnesty International USA, Death Penalty: 2,390 executions in 2008 worldwide, 72 per cent in China). States of Texas use electric chair, lethal injection, lethal gas, hanging, and firing squad to execute the guilty. Firstly, I believe that punishment like death penalty for homicide which is an in justification to human being and violation of human rights should not be mandatory. Secondly, the cost of death penalty for homicide is higher than the cost for the sentencing alternative of life imprisonment without possibility of parole. (The Death Penalty: Specific Issues). Thirdly, the danger of erroneous convictions and executions of the innocent people may increase because of the usage of false testimony, the willful suppression of evidence, and coerced a confession. Again, People have the right to live. Who gave the right to the state to take a decision of capital punishment against a person? (The Death Penalty V Human Rights: Why abolish the death penalty? September 2007). Firstly, death penalty for homicide is a violation of fundamental human rights. For homicide death penalty should not be compulsory because it offers society not further protection but further brutalization. The state can exercise no greater power over a person than that of deliberately depriving him or her of life. However, the state does has the right to punish a person by sentencing him or her to death? From the critics view the answer should be No. (The Death Penalty V Human Rights: Why abolish the death penalty? September 2007). Capital punishment denies the legal process of law. The approval of death penalty is contradictory to law where the human rights is being preserved. The imposement of death penalty differs because of the color of the people and the financial condition which is injustice and against human rights. In June 29, 1972, the US Supreme Court declared capital punishment as a cruel and unusual punishment which proves that death penalty is a violation of human righ ts and injustice to the people. (Death Row Facts: Texas Department of Criminal Justice). A person who is innocent but punished for the deeds which he or she did not is a clear violation of human rights. Secondly, death penalty for homicide in Texas should not be mandatory because of the knowing use of false testimony, the willful suppression of evidence, and coerced a confession which has, at times, resulted in the conviction and execution of innocent persons on capital punishment. Factors like police and prosecutorial misconduct, misinterpretation, inadequate legal representation, undeveloped technology also lead the judge to give a punishment like death penalty for homicide which shouldnt be done with the people who are innocent. In USA since 1973, because of the evidence of their wrongful convictions, over 130 people have been released from the death row. And in Texas the release of four men from the death row on grounds of innocence prove that death penalty for homicide is a wrong decision. (Regional summaries, Death Penalty and Innocence: Amnesty International USA). For example, Randall Dale Adams and Clarence Brandley was the victims of the misconduct of the judges and was rel eased from the death row after years of struggle to prove them innocent (C. Dieter, Richard: The Future of Death Penalty in the U.S.: A Texas Sized Crisis). Thirdly, the cost of death penalty for homicide is higher than the cost for the life imprisonment which is an alternative to death penalty. If it is mandatory for all murders the cost will increase more and more. In death penalty for homicide, large proportion of the money spent prior to and during the trial. There is a little cost in post-conviction of proceedings in death penalty. Even if the cost of post-conviction is being eliminated, the cost of the death penalty for homicide still would be more expensive than other alternative punishments. From the survey on Texas about the cost of the death penalty we can see that the cost of death penalty for homicide is estimated $2.3 million per case with having 300 people on the death row and the homicide rate in this state is one of the highest in the country. The expansion of death penalty shrinking the budget of the sates for police departments, drug treatment programs, education, and other government services that help prevent crime. I n Texas a homicide death penalty costs taxpayers accounting $2.3 million, about three times the cost of imprisoning someone in a cell at the highest level for 40 years. (Ellis, What Politician Dont Say About the High Cost of Death Penalty). In addition, Taxes spent approximately  £183.2 million dollar in just six years on the death penalty for homicide. As US Supreme Court ruled that the jury must be informed in advance if the defendant would be eligible for parole whenever a sentencing jury has the ability to impose death penalty (Capital Punishment, Death penalty data). The use of parole makes the capital punishment very costly. People who support the death penalty to be mandatory for homicide argue that death penalty deter capital crime. They refer that death is the surest way to bring it about the most total prevention from functioning in a normal way and irrevocable. People fear about being punished by sentencing to death before doing any homicide. Because of the death penalty for homicide criminals think before doing anything wrong. (Den Haag, The Death Penalty: A Debate). Again, there is no way to make a wrong decision for the judge which will cause the life of an innocent people. The judge consider everything such as the mode of incident, explanation from the witness and obviously the technology like DNA test, medical inspection of the body which makes the case easier for the authority to identify and sentenced to capital punishment of the guilty. Furthermore, Firstly, Death penalty doesnt deter crime because there are enough potential murderers to replace all those incapacitated. Crime rates are influenced by the other factors not because of the capital punishment. The threat of life in prison deters more than any other term of punishment like death penalty for homicide. Life in prison is unpleasant and horrible than the death penalty and painful to die by the passage of time. It makes the feelings of the prisoner to die than living in such a condition which create mental illness for them. By sentencing to prison make an example for the murderers from where they can realize the harsh punishment. However, criminal who are adamant to do murder cant be controlled or kept quiet whatever the punishment it is. As we can see from the research on Texas, the crime rate grew up by 24% and 46% of violent crime. (C. Dieter, Richard: The Future of Death Penalty in the U.S.: A Texas Sized Crisis). Secondly, the argument named the killing of innocent th at death penalty supporter shows for homicide is not true because there is a great chance of doing something wrong about justification. Human beings are not out of making wrong decision and the judges do too. Again the use of technology in identifying criminals is not available all over. The use of new technology like DNA and other medical instrument which are very expensive and states like developing and poor countries can not afford this type advance technology. In conclusion, we can say that death penalty for homicide is controversial issue all over the world. The use of death penalty may cause the life of innocent people as the use of false testimony, the willful suppression of evidence, and coerced a confession. The use of death penalty for homicide is a very costly one because of the trial which means the cost of pre-conviction proceedings. Death penalty is a violation of fundamental human rights. People have the right to live. A judge cannot decide whether a person should die or not. The creator has created us and will make the decision whether a person should die or not. The prison system should be more about rehabilitation than simply introducing capital punishment or removing the criminal from society. It costs a few dollars per day to have a parole officer check on a parolee than the huge cost of death penalty. And it could be an example for the murderers. I believe that we are human being and we are beyond mistake. Death penalty do esnt deter crime as it is a simple way than making the life imprisonment which makes the life of a criminal terrible in every step. However, we should give a chance to the criminal to correct as forgiving is great virtue. Proper steps should be taken to abolish capital punishment and make the world to be free from cruel and inhuman punishment.

Nietzsche Contra Schopenhauer: The Construel of Eternal Recurrence :: Philosophy

Nietzsche Contra Schopenhauer: The Construel of Eternal Recurrence Several years after the completion of his chief work, Thus Spoke Zarathustra, and shortly before his final mental collapse, Nietzsche pinpointed in retrospect its central concern: "the fundamental conception of the work, the idea of eternal recurrence, the highest form of affirmation which can possibly be attained" (6: 335). To have admitted that the most important philosophical project of his life was the construction of a formula which could overcome nihilism and affirm life, betrayed not only what he believed to have been his greatest achievement. It also shows to what extent he was influenced by one of his idols and at the same time one of his greatest philosophical enemies: that philosopher of the "denial of life," Schopenhauer. It is clear that Schopenhauer remained for Nietzsche a lasting object of admiration and profound ambivalence. The theory of art propounded in The Birth of Tragedy was obviously, as Nietzsche himself conceded, built on Schopenhauer's aesthetics, although it parted company with the latter on its idea of the ultimate function of art. He dedicated one of his Untimely Meditations to Schopenhauer, his "philosophical educator," though he was later to reject Schopenhauer's epistemological and aesthetic doctrines. He came in the end to criticize Schopenhauer, along with Christianity, calling them "enemies of life" in their fundamental pessimism. Although in his late writings Nietzsche called Schopenhauer "nihilistic and decadent," he simultaneously praised him with the words: "he is the last German to be taken seriously...a European event, equal to Goethe, equal to Hegel, equal to Heinrich Heine" (6: 125). From all this we should be able to see that Nietzsche’s attempt to construct a p hilosophy of affirmation through his idea of eternal recurrence was aimed in Schopenhauer’s general direction. I wish in this short paper to carry this claim further and show that it has more than merely general validity. The way in which Nietzsche construes his idea of recurrence in The Joyful Wisdom and Thus Spoke Zarathustra bears out well that the idea was, in all its details, directly influenced by and specifically marshalled against some of the main arguments of Schopenhauer. Nietzsche was thoroughly familiar with Schopenhauer's writings and a comparison of some of Nietzsche's major published passages on eternal recurrence and some of Schopenhauer's central claims will make clear both Nietzsche's indebtedness to Schopenhauer, and the way in which Nietzsche believed his refutation succeeded in creating what he held to be the "most noble formula of the great affirmation.

Exploring the Issues behind Patient-Assisted Suicide Essay

Death is as much a part of human existence, of human growth and development, like birth. All humans need to undergo all these processes as they journey through life. However, death sets a limit on our time in this world, and life culminates in death. However, when we intervene with some of these natural processes, problems arise because it intrudes in life’s natural processes. This is why, suicide is not just perceived as a medical problem because it also involves legal, ethical, social, personal, and financial considerations. It is not just morally reprehensible for a physician, or any medical practitioner, to assist the patient to conduct this procedure because it negates their responsibility to preserve life, suicide also devalues the life of the patient as its fate is put entirely in the hands of a human being to intrude with the natural process of things. For this reason, the debate over euthanasia (or patient-assisted suicide) involves many professionals, as well as the patients and their families. The arguments now have to do with the dignity of the patients, the quality of their lives, their mental state, and sometimes their usefulness to society. For example, the patient who is in a vegetative state is considered dead by some but not by others, and this case presents substantial ethical and logistical problems. The Oxford Dictionary of English (2005) defines euthanasia as â€Å"the painless killing of a patient suffering from an incurable and painful disease or in an irreversible coma†. However, euthanasia means much more than a â€Å"painless death†, or the means of procuring it, or the action of inducing it. The definition specifies only the manner of death, and if this were all that was implied a murderer, careful to drug his victim, could claim that his act was an act of euthanasia. We find this ridiculous because we take it for granted that in euthanasia it is death itself, not just the manner of death. How can someone administer a medical â€Å"procedure† to the one who dies in the end? If a person requests the termination of his or her life, the action is called voluntary euthanasia (and often also assisted suicide). If the person is not mentally competent to make an informed request, the action is called non-voluntary euthanasia. Both forms should be distinguished from involuntary euthanasia, which involves a person capable of making an informed request, but who has not done so. Involuntary euthanasia is universally condemned and plays no role in current moral controversies. A final set of distinctions appeals to the active–passive distinction: passive euthanasia involves letting someone die from a disease or injury, whereas active euthanasia involves taking active steps to end a person’s life. All of these distinctions suffer from borderline cases and various forms of ambiguity. The focus of recent public and philosophical controversy has been over voluntary active euthanasia (VAE), especially physician-assisted suicide. Supporters of VAE argue that there are cases in which relief from suffering supersedes all other consequences and that respect for autonomy obligates society to respect the decisions of those who elect euthanasia. If competent patients have a legal and moral right to refuse treatment that brings about their deaths, there is a similar right to enlist the assistance of physicians or others to help patients cause their deaths by an active means. Usually, supporters of VAE primarily look to circumstances in which (1) a condition has become overwhelmingly burdensome for a patient, (2) pain management for the patient is inadequate, and (3) only a physician seems capable of bringing relief (Dworkin, Frey & Bok, 1998). One well-known incident that VAE came into the headlines was when it was provided by the bizarre activities of Dr.  Jack Kevorkian in early 1990s (or â€Å"Dr Death† as the media have dubbed him) in the USA. Dr. Kevorkian, a retired pathologist, assisted over forty people to commit suicide in recent years in circumstances which were somewhat removed from regular medical practice. These people travelled to Kevorkian from all over the USA to seek his assistance in suicide. He assisted them, sometimes by attaching them, in the back of his rusting Volkswagen van, to his ‘suicide machine’, which injected them with lethal drugs when they activated it. Despite being prosecuted for assisted suicide on several occasions, Kevorkian escaped conviction and continued his personal campaign for relaxation of the law in his peculiar way. It was only when he moved from assistance in suicide to euthanasia that he was finally convicted. He filmed himself administering a lethal injection, and the film helped secure his conviction for murder (Keown 2002, p. 31). Of course, his actions provoked discussion of the thin line separating passive euthanasia, which is legal in this country, and active euthanasia. Opponents of Kevorkian’s actions state that he is practicing assisted suicide, which is illegal. Proponents of Kevorkian’s actions argue that the patient’s right to control his or her medical treatment is sufficient justification for assisted suicide. Euthanasia is Not Ethical According to Somerville (2006), there are two major reasons why people should not allow euthanasia to be legalized. One is based on principle: it is wrong for one human to intentionally kill another (except in justified self-defense, or in the defense of others). The other reason is utilitarian: the harms and risks of legalizing euthanasia, to individuals in general and to society, far outweigh any benefits. While Mak, Elwyn & Finlay (2006) reasoned that â€Å"most studies of euthanasia have been quantitative, focusing primarily on attitudes of healthcare professionals, relatives, and the public†. Pain is usually identified as a major reason for requesting euthanasia; other influences included functional impairment, dependency, burden, social isolation, depression, hopelessness, and issues of control and autonomy. This is why, Mak, Elwyn & Finlay (2006) thought that legalizing euthanasia is a â€Å"premature† move when research evidence from the perspectives of those who desire euthanasia is not yet proven to be necessary. They said â€Å"more qualitative patient based studies are needed to broaden our understanding of patients†. What needs to be done, they deemed, should be the â€Å"inclusion of medical humanities, experiential learning, and reflective practice into medical education should help ensure doctors have better communication skills and attitudes†. By examining ways to improve care at all levels, healthcare professionals can eliminate the side effects of poor end of life care, then euthanasia would not be needed anymore. In 1988, the Journal of the American Medical Association published a statement on its take about patient-assisted suicide when a gynecology resident agreed to conduct assisted suicide to a young woman, dying of cancer, whom he has never seen before. Horrified by her severe distress, and proceeding alone without consultation with anyone, the doctor gives her a lethal injection of morphine. The publishing of this gynecology resident’s letter caused media hype and was featured in the previous issue in JAMA, where it was titled as â€Å"It’s Over Debbie† (1988). This is how the JAMA took its position regarding the matter: 1. ) On his own admission, the resident appears to have committed a felony: premeditated murder. Direct intentional homicide is a felony in all American jurisdictions, for which the plea of merciful motive is no excuse. That the homicide was clearly intentional is confirmed by the resident’s act of unrepentant publication. Law aside, the physician behaved altogether in a scandalously unprofessional and unethical manner. He did not know the patient: he had never seen her before, he did not study her chart, he did not converse with her or her family. He never spoke to her physician. He took as an unambiguous command her only words to him, â€Å"Let’s get this over with†: he did not bother finding out what precisely she meant or whether she meant it wholeheartedly. He did not consider alternative ways of bringing her relief or comfort; instead of comfort, he gave her death. This is no humane and thoughtful physician succumbing with fear and trembling to the pressures and well-considered wishes of a patient well known to him, for whom there was truly no other recourse. This is, by his own account, an impulsive yet cold technician, arrogantly masquerading as a knight of compassion and humanity. (Indeed, so cavalier is the report and so cold-blooded the behavior, it strains our credulity to think that the story is true. ) Law and professional manner both aside, the resident violated one of the first and most hallowed canons of the medical ethic: doctors must not kill. Generations of physicians and commentators on medical ethics have underscored and held fast to the distinction between ceasing useless treatments (or allowing to die) and active, willful taking of life; at least since the Oath of Hippocrates, Western medicine has regarded the killing of patients, even on request, as a profound violation of the deepest meaning of the medical vocation. The Judicial Council of the American Medical Association in 1986, in an opinion regarding treatment of dying patients, affirmed the principle that a physician â€Å"should not intentionally cause death. † Neither legal tolerance nor the best bedside manner can ever make medical killing medically ethical (Baird & Rosenbaum 1989, p. 26). Indeed, the laws of most nations and the codes of medical and research ethics from the Hippocratic Oath to today’s major professional codes strictly prohibit VAE (and all forms of merciful hastened death), even if a patient has a good reason for wanting to die. Although courts have often defended the rights of patients in cases of passive euthanasia, courts have rarely allowed any form of what they judged to be VAE. Those who defend laws and medical traditions opposed to VAE often appeal to either (1) professional-role obligations that prohibit killing or (2) the social consequences that would result from changing these traditions. The first argument is straightforward: killing patients is inconsistent with the roles of nursing, care-giving, and healing. The second argument is more complex and has been at the center of many discussions. This argument is referred to as the wedge argument or the slippery slope argument, and proceeds roughly as follows: although particular acts of active termination of life are sometimes morally justified, the social consequences of sanctioning such practices of killing would run serious risks of abuse and misuse and, on balance, would cause more harm than benefit. The argument is not that these negative consequences will occur immediately, but that they will grow incrementally over time, with an ever-increasing risk of unjustified termination (Dworkin, Frey & Bok, 1998). Refusal of Treatment When a patient refuses treatment, the physician is faced with a great dilemma. Doctors maintain that if the patient does not want treatment, physicians do not have a duty to start it. Once treatment is started, however, physicians have a duty to continue it if discontinuing it would lead to the patient’s death. They are not required to force a patient to go on a respirator if the patient refuses, but once the patient has gone on the respirator, doctors have a duty to keep him on it, even contrary to the patient’s wishes, if taking him off would result in his death. Suffice it here to point out one important limit: a doctor is not ethically bound to assist a refusal of treatment which is suicidal, that is, made not because the treatment is futile or excessively burdensome but in order to hasten death (Keown, 2002, p. 253). Actual suicide has been a felony in England in the past but today, suicide has been decriminalized in most part of the world. Attempting to take one’s own life, however, remains criminal in some jurisdictions. In these as well as in those states where it is not a crime, the state has intervened in some cases to order life-sustaining treatment in the face of objection by a competent adult. The most widely cited case in which this was done is John F. Kennedy Memorial Hospital v. Heston (1971), where a twenty-two-year-old unmarried woman refused a blood transfusion because she was a Jehovah’s Witness. She was forced to have one anyway on the theory that there is no difference between passively submitting to death and actively seeking it. The state regards both as attempts at self-destruction and may prevent them. Since this case, however, the trend of cases has been away from this reasoning and toward subordinating the state’s interest in the prevention of suicide to the rights of patients to forgo or have withdrawn life-sustaining treatment (Berger 1995, p. 20). However, when the patient is terminal and death is imminent, no treatment is medically indicated, and the competent patient’s rightful refusal of treatment does not conflict with the health provider’s form of beneficence. There may be an emotional problem in admitting defeat, but there should be no ethical problem. It should be noted that, although the patient may not be competent at the end, refusal of treatment may be accomplished through a living will or a surrogate, especially through a surrogate who has durable power of attorney for health matters. In the case when the patient is terminal but death is not imminent, for example when the disease or injury progresses slowly, and granted the consent of the patient or surrogate, it appears ethical to omit treatment on the ground that nothing can be accomplished in thwarting the progress of the disease. But it is not ethical to omit care, since human dignity is to be respected. To solve this dilemma, the AMA Council on Ethical and Judicial Affairs (1996) takes a clear stand on the issue: E-2. 20 Even if the patient is not terminally ill or permanently unconscious, it is not unethical to discontinue all means of life-sustaining medical treatment in accordance with a proper substituted judgment or best interests analysis. The treatments include artificially supplied respiration, nutrition, or hydration. In its recent opposition to physician-assisted suicide, the AMA has strongly endorsed a program to educate physicians to the appropriateness of switching from therapeutic treatment to palliative care. The group has gone from a tentative, negative position (â€Å"not unethical†) to a much stronger positive stand (AMA, 1996). On the other hand, we should also consider the reasoning behind the ethical correctness of not beginning or of stopping treatment in the case of the consenting patient who is terminally ill. First, the health care provider has no obligation to prolong dying merely for the sake of prolonging it. That is, it makes no sense to prolong life when the true result is the prolongation of the dying process. Furthermore, when treatment is only prolonging the agony of the patient, its continuation is unethical as an insult to human dignity (Cahill, 1977). In such cases, the health care provider would be ethically justified in discontinuing treatment, except when the patient insists on treatment. Even in this case, however, there can be exceptions. When there is a severe shortage of medical resources, the physician might be justified in stopping nonindicated treatment even over the protests of the patient. We say â€Å"might be justified,† since justification would depend, among other things, on a new social consensus about the duties of health care professionals and on a reasonable certainty that a shortage exists. There are also problems in discontinuing treatment when the patient’s surrogate(s) objects. It should be noted that cessation of life-sustaining treatment does not always bring about a swift and painless death, even though it may speed up the process of dying. For example, if kidney dialysis is discontinued, the person remains conscious and suffers vomiting, internal hemorrhage, and convulsions. The removal of a respirator does not lead to death immediately, and the patient suffers the pain and panic of suffocation. The obligation to care for the patient demands that every ethical effort be made to alleviate these sufferings with drugs and other methods that will not prolong life. Much recent research suggests that physicians are particularly deficient in their willingness and ability to provide adequate pain palliation for dying patients (SUPPORT, 1995). This could be one of the main concerns that drive the interest in physician-assisted suicide. Beyond this, when such pain relief is not possible for the patient, or when the harm is not the pain, but the insult to dignity, there arises the difficult problem of actively cooperating in the suicide of the patient. Religious Issues Several religions have a negative take on any form of suicide. Those who oppose active euthanasia on religious grounds, the basic concern seems to be the view that our lives are not ours but gifts from God. In this view, humans hold their lives as a trust. If this is true, then we are bound to hold not only the lives of others inviolate but also our own, since to take our life is to destroy what belongs to God. For Christians, in Exodus 34:7 and Daniel 13:53, scriptures taken from the Old Testament, the doctrine of the sanctity of life principle is upheld, except in rare instances of self defense. Judeo-Christian precepts generally condemn active euthanasia in any form, but allow some forms of passive euthanasia. The difference is that of omission and commission: While the Judeo-Christian philosophy might tolerate the allowance of death, acts that permit death, it draws the line in regard to acts that cause death. For Buddhists, they perceive it as an involvement of the intentional taking of life. This is why euthanasia is contrary to basic Buddhist ethical teachings because it violates the first of the Five Precepts. It is also contrary to the more general moral principle of ahimsa. This conclusion applies to both the active and passive forms of the practice, even when accompanied by a compassionate motivation with the end of avoiding suffering. The term ‘euthanasia’ has no direct equivalent in canonical Buddhist languages. Euthanasia as an ethical issue is not explicitly discussed in canonical or commentarial sources, and no clear cases of euthanasia are reported. However, there are canonical cases of suicide and attempted suicide which have a bearing on the issue. One concerns the monastic precept against taking life, the third of the four parajika-dharmas, which was introduced by the Buddha when a group of monks became disenchanted with life and began to kill themselves, some dying by their own hand and others with the aid of an intermediary. The Buddha intervened to prevent this, thus apparently introducing a prohibition on voluntary euthanasia. In other situations where monks in great pain contemplated suicide they are encouraged to turn their thoughts away from this and to use their experience as a means to developing insight into the nature of suffering and impermanence (anitya) (Dictionary of Buddhism, 2003). Nonreligious arguments against active euthanasia usually follow a slippery slope or wedge line of reasoning. In some ways the arguments recall the parable of the camel who pleaded with his owner to be allowed to put his nose into the tent to keep it warm against the cold desert night. Once the nose was allowed, other adjustments were requested, and the owner found himself sleeping with his camel. Is there something so persuasive about putting others to death that, if allowed, would become gross and commonplace? The Nazi â€Å"final solution,† which brought about the death of millions of Jews, gypsies, and other eastern Europeans, could be traced to compulsory euthanasia legislation that, at the time of its enactment, included only mental cases, monstrosities, and incurables who were a burden of the state. Using the Nazi experience as a guide, critics of active euthanasia do see some seductiveness to killing that humans do not seem able to handle. Perhaps Sigmund Freud (1925) was right as he wrote: What no human soul desires there is no need to prohibit; it is automatically excluded. The very emphasis of the commandment â€Å"Thou shalt not kill† makes it certain that we spring from an endless ancestry of murderers, with whom the lust for killing was in the blood, as possibly it is to this day with ourselves. The religious take on euthanasia often focus on the sanctity/inviolability of life. In Western thought, the development of the principle has owed much to the Judaeo-Christian tradition. That tradition’s doctrine of the sanctity of life holds that human life is created in the image of God and is, therefore, possessed of an intrinsic dignity which entitles it to protection from unjust attack. With or without this theological underpinning, the doctrine that human life possesses an intrinsic dignity grounds the principle that one must never intentionally kill an innocent human being. The ‘right to life’ is essentially a right not to be intentionally killed (Keown, 2002, p. 40).

Christoper Jones essays

Christoper Jones essays Some challenges the English faced in settling Virginia were challenges like disease and death because of the location of the colony, challenges involving leaders because there were no real leaders and there were arguments over trivial things, and challenges involving work being done because none of the settlers had ever done any hard work in their lives. Even though North America was a difficult, dangerous place for both the Spanish and the English, they still wanted to settle there because it offered economic strengthening opportunities, a possible trade post or route, and it provided a safe haven for people escaping religious persecution. (a) New England Colonies four English colonies in the northeastern U.S. that included Massachusetts, New Hampshire, Connecticut, and Rhode Island (b) Puritan person who favored the purification of Englands Anglican Church (c) Persecute to oppress someone because of his or her beliefs (d) Pilgrim one of the group of English separatists who established Plymouth (e) Mayflower Compact agreement in which settlers of Plymouth Colony agreed to obey their governments laws (f) Great Migration migration of English settlers to Massachusetts Bay Colony beginning in the 1630s (g) Religious Tolerance idea that people of different religions should live in peace (h) Salem Witch Trials the prosecution and execution of twenty women and men for witchcraft in Massachusetts in 1692 (i) Sachem a Native American leader (j) Pequot War war between English settlers and Pequot Indians in 1637 (k) King Philips War war, beginning in1675, betwee ...

Pointless death in war Essay Example

Pointless death in war Essay Example Pointless death in war Essay Pointless death in war Essay Good Evening/Morning Teachers and fellow students, today is the day that marks Wilfred Owens Inclusion into the War Poets Hall of Fame. Owens poetry was different to that of some other types of war poets of his time because he was courageous enough to make his attacks on the government and the significant loss of life. His Ideas and techniques are presented throughout the two poems Dulce et Decorum Est and Anthem for Doomed Youth. Owen explores the truths of war in these poems through themes such as; war as the horrific and savage scene it is, the disparity between reality of the battlefield and the perception of what war is at home. Owen shows the devastation of war on the human being and soul, not only the physical but the mental effects of war. The soldiers are influenced by government propaganda, they are told to die for their country; the betrayal, conspiracy and devastating loss of innocent youth. Owen is able to portray these truths through his powerful poetry. Throughout his poems he uses allusions, guttural consonants, onomatopoeia and other techniques to create powerful messages that war is, to quote Owen himself, to hell and back. Dulce et Decorum Est brings the realisation that war is not as it is portrayed to the public, but the allusion that the government gives to the country. This is shown through the title Dulce et Decorum Est. This title means that it is sweet and honorable to die for ones country this allusion throughout the poem shows through irony and sarcasm that it is the The old Lie; Dulce et Decorum est Pro patria mori. This shows how war is everything but sweet and honorable it is about the death and horror brought into peoples lives. War equals death. The description of the soldier drowning in the blood of his froth corrupted lungs certainly negates this. Owen shows the unknown fact that men are dying for their country in a horrible way. Owen is hiding it in another language, just as the government was hiding the truth from their country, letting people kill themselves. This is very different to the poets during Owens time, as he was not glorifying war, but exposing the devastating affect war had on humankind. This is used in conjunction with the disparity between war on the battlefront and the corruption of the perception of a courageous and glorious place to be. In the poem Anthem for Doomed Youth, Owen illustrates his theme of the devastating loss of youth. The title to brings to mind the hope of a song of praise, but Owen uses this to his advantage. He emphasises his theme through the words Anthem, Doomed Youth in the title of the poem are juxtaposed to highlight the brutality reality of war. The word Youth normally brings to mind happiness and joy. Owen places Youth next to the word Doomed which illustrates to the audience the stress and hopelessness of the youth during war. The word Anthem usually associates with a patriotic song or song of praise, Owen draws to mind the fact that these boys have nothing to sing about during the chaos of war. Owen effects the thoughts and feelings of people that have not experienced war for what it is, the major loss of innocent lives. Owen shows the significance of his poetry through the title, giving the audience a sense of feeling for the poem. Owen uses visual representations in Dulce to show the mental and physical effects on the soldiers going through the punishment of war and how this changes the young soldiers. The harshness of the simile bent double like old beggars illustrates how the soldiers look, showing them as crestfallen and disheartened, bent. This is not how soldiers are normally depicted they should have their heads held high and marching tall. Owen shows how the young men of war have now become old beggars; they have aged and are begging for their lives; lives that may be taken away from them at any time. This along with an ecstasy of fumbling shows the urgent need for the salvation of ones life. The ecstasy of fumbling to put on their gas masks shows the audience how the soldiers have been forced into the bent and begging state to save their lives. The soldiers are beyond exhaustion, they have to find the energy to put on their gas mask or they will face death. The innocence of youth has been lost. Some have lost their lives; others have lost their mental state. Owen also shows the mental effects on the young soldiers as they are killed and thrown away to die through the poem Anthem for Doomed Youth. Owens main theme is the fact that the young soldiers do not get the proper funeral they deserve. The opening line What passing bells for those who die as cattle? the use of this rhetorical question illustrates numbers of soldiers massacred as if they were cattle, shredding the blood of youth, their pain, and death in large numbers. Owen uses onomatopoeia and personification in the bombs to represent the harshness of the battlefield, as the soldiers had to endure the sounds of wailing shells as they brutally diminish the soldiers mind. Owen compares the funeral at home compared to the funeral on the battlefield. The holy glimmers interpreted as tears, in the eyes of the soldiers, and funeral bells are replaced with the sounds of weapons firing. Owen shows that during war soldiers deaths are seen to be insignificant. Owen shows the insignificance of human life and the mental horrors as young men are brought to tears, the devastation of war and the savage mean to kill people. The use of Guttural consonants throughout Owens poem Dulce et Decorum Est are shown through words such as guttering, choking, drowning the use of t k and d emphasise the harshness of war. These words describe how a young soldier is dies in war; there is nothing smooth and flowing about the death of a soldier. It tells of the death of a young soldier just because he wasnt quick enough to put on his gas mask. The harsh sound when these words are spoken help set the theme of a pointless death in war. This coupled with the present participle, ing make the poem powerful to the reader showing that the scene is not in the past, its happening now, putting the reader at the scene of the horror and illustrates the urgency and death of the battlefield. Owen used this to convey his message to the home front, to show the effects of war through the harshness of his language, depicted with the loss of innocent life within our society. Owen uses onomatopoeia in Anthem through stuttering rifles rapid rattle this line demonstrates the continuing slaughter of men. The use of the word rapid infers not only the speed of the guns but the speed of which lives are being taken away. The use of onomatopoeia is also used in conjunction with alliteration in the rifles rapid rattle. This line depicts the sound of the guns. Also how the line not easily orated, and this implies that it is a hard time, a time of disparity. The sounds of guns fire also replaces the grieving people you would normally find when a death occurs. Owen significantly changes the audiences opinion of the war showing that there is no time to grieve when people are dying quicker than a gun can fire. Through the use of harsh consonants in his language, Owen conveys his message of hardship for soldiers during war, the loss of innocent lives, the reality of the battlefield and the horror and savagery of war. In conclusion Wilfred Owen uses many complex themes that show the world the significant horrors of war, major losses of war and the disparity of the battlefield and the effects of war at home. Throughout Dulce et Decorum Est and Anthem for Doomed Youth Owen has shown several techniques to justify his arguments to the audience and what has just been illustrated to you. Based on the crux of the arguments presented, I trust that Wilfred Owen will be included into the War Poets Hall of Fame.

The ideal leadership position Term Paper Example | Topics and Well Written Essays - 1000 words

The ideal leadership position - Term Paper Example This research will begin with the statement that since they are social by instinct and with their sense of organization, humans tend to put a premium on leadership qualities. It is through leadership after all that organizations or groups are can work concertedly toward a common goal. Without it, people would be prompted to follow their individual will, which may not be agreeable to others. Therefore, even if there are similarities in directions, anarchy would prevail, rendering it impossible to achieve common objectives. According to Yukl, â€Å"leadership is the process of influencing others to understand and agree about what needs to be done and how to do it, and the process of facilitating individual and collective efforts to accomplish shared objectives†. Such definition clearly indicates that leadership is not a person’s attitude toward others but a process that is undertaken to rally other people toward a goal. It is in line with this clarification that the resea rcher developed his style of leadership. His style of leading others in an organization is essentially a combination of democratic and autocratic or bureaucratic leadership. These two types may be anathema to each other that it may seem impossible to implement them at the same time. However, the researcher believes that leadership is not only tactical but more important, it is strategic. It is in the strategic sense that the combination of democratic and bureaucratic leadership can be best appreciated although it may also work in tactical situations. I practice a democratic approach in times when I meet with subordinates to discuss problems and too seek solutions. I do the same when in activities like planning and evaluation. Democracy is important during these stages because, it is apparent that even if I am the manager or the leader, I do not have the monopoly of truth. I may be knowledgeable about the larger picture but my subordinates definitely have a more concrete understandin g of their respective departments of work. To achieve viable solutions, I have to rely on their grasping of the situation of their particular fields. To arrive at an accurate evaluation, I have to consider the reports of my subordinates. To formulate workable plans, I have to grasp the situation of the people who will be directly implementing these. Without a democratic approach, it would be impossible to achieve all these. However, once the plans are ironed out and implementation begins, I shift to an autocratic mode. I would relentlessly pursue the plans by constantly monitoring the subordinates and pressuring them to work hard for the realizing the objectives. Pride, Hughes, & Kapoor define the authoritarian leader as one who â€Å"holds all authority and responsibility, with communication usually moving from top to bottom† and that â€Å"this leader assigns workers to specific tasks and expects orderly, precise results† (2010, p. 179). However, there may be a limit to the top-to-bottom communication line. I need to open channels for reports, complaints, and suggestions from the bottom just to make sure that problems are checked while they are not yet too big to badly affect the implementation of the over-all plan. With such style of leadership, I believe that the best position in a corporate setup is as a middle-level manager. The highest position that may suit me best is a department manager and, the least is a supervisor. It is through these positions that I could maintain better understanding of issues and problems of the rank and file or the subordinates as they try to implement the tasks assigned to them according to the general objective of the company and the supporting specific plans of the department that I am heading. The roles that occupy the void between the planners and the implementers or the intellectuals and the workers are certainly the most challenging in any corporate set up but are also the most important. Without middle-level managers, the upper management would not be able to grasp the conditions of the people in the lower levels who are the directly impleme

European Sovereign Debt Crisis Essay Example | Topics and Well Written Essays - 1250 words

European Sovereign Debt Crisis - Essay Example In addition, the crisis led to a downtown in the equity market and increased demand for gold because of loss of confidence in the Euro by investors. The states within the European market should learn from the consequences of sovereign default so that their economic condition is kept at check. To prevent debt crises, various financial institutions and policy makers in countries have used policies and strategies of stabilizing the economy, which include regulation of financial credit and national balance sheet management. Introduction The world economy is controlled by various financial and political forces, which should be regulated to avoid sovereign debt crises and defaults. The European Sovereign Debt Crisis illustrates the failure of financial institutions, which stretched across the world. Governments, which face such crises, may announce sovereign default leading to economic consequences. This paper gives a critical discussion of the European Foreign Debt Crisis of 2010/2011, it s impact in the bond market and the lessons, which the Eurozone states would learn, from sovereign defaulters such as Russia and Argentina. A critical analysis of the effectiveness of economic policies and the impact of sovereign debt crises on the financial landscape is also provided in this paper. Part A: European Sovereign Debt Crisis The recent European Sovereign Debt Crisis of 2010/2011 has many features in common with the financial stresses experienced in the early 1990s in the world economy. The features of the sovereign debt crises such as low risk on premiums, long duration of credit growth, abundant liquidity, high asset prices, strong leveraging, and real estate bubbles are experienced in the European Sovereign Debt Crisis which began in 2008 with the collapse of the banking system of Iceland. As a result, there is a lot of uncertainty of banks on the creditworthiness of the institutions in which they had heavily invested. As a result, there is reduced investments by bank s in various institutions in the United Kingdom as demonstrated by Brearley (2010, p. 36). Moreover the recent European Sovereign Debt Crisis has caused a big liquidity problem among the European banks. Because of the liquidity problem, the European banks are failing to rollover their debts. The European Sovereign Debt Crisis may be viewed as a mere liquidity problem by policy makers and financial institutions like the previous crises which would cause eventual collapse of the financial institutions. Estenssoro (2010, p. 4), explains the beginning of the recent European Foreign Debt Crisis by showing that the emergency concerned with the solvency of various financial institutions in Europe demonstrated a serious economic problem policy makers thought that it was unlikely for the financial systems in Europe to fail. From the point of view of Blundell-Wignall and Slovik (2010, p. 12), the European economy was believed to be immune to the financial turbulences because it was considered to be thriving through the good financial positions of businesses and households in addition to the growth in export. In September 2008 when the recent crisis began, these perceptions changed drastically with evaporation of valuations of the financial firms, which caused panic within the stock markets. At this point, the collapse of the financial institutions became a real threat to the stakeholders of the financial and manufacturing sectors. The sovereign debt