Invention of Standardized Money :: essays research papers

There were many reasons for the invention of standardized money. First, nobody wanted to carry 30 pounds of barley to the trade city that could have been 100 miles away. Second, it was difficult to determine the true cost of different goods. For example, if somebody wanted to buy milk for his family, it would almost be impossible to figure out a fair exchange for grain. Finally, the barter system limited the people who would trade with each other. Not everybody would want to purchase milk or grain. In sum, there were too many complications and inefficiencies in a barter economy. People in ancient times developed the concept of money around the year 2500 B.C. Some historians argue that it may have been even earlier. The first form of ?money? was silver in Mesopotamia. Silver functioned just like the money we use today. It had a standard, it was weighed in shekels so that one could determine the value of the silver in relation to its weight. Today, the way we determine the value of our money is by looking at the number in the corners of a bill. Like our money today, silver was easily portable compared to goods like milk and grain. The flaws with the early silver money system were evident. Somebody could easily take another alloy metal and tell the merchant that it was silver. In other words, counterfeiting was relatively easy. As a result, a merchant would want know person that was offering their silver in order to prevent fraud. There were other standards of money in different places. There were different clay tokens. People who were not as wealthy as those who paid in silver paid in less valuable metals like copper, tin, and lead, but mostly barley. Eventually, merchants thought of an idea. If most of their customers paid in a certain currency, then they would therefore take only that specific currency. This idea started to slowly kill off other currencies. By killing off currencies they were making silver the dominate currency. Invention of Standardized Money :: essays research papers There were many reasons for the invention of standardized money. First, nobody wanted to carry 30 pounds of barley to the trade city that could have been 100 miles away. Second, it was difficult to determine the true cost of different goods. For example, if somebody wanted to buy milk for his family, it would almost be impossible to figure out a fair exchange for grain. Finally, the barter system limited the people who would trade with each other. Not everybody would want to purchase milk or grain. In sum, there were too many complications and inefficiencies in a barter economy. People in ancient times developed the concept of money around the year 2500 B.C. Some historians argue that it may have been even earlier. The first form of ?money? was silver in Mesopotamia. Silver functioned just like the money we use today. It had a standard, it was weighed in shekels so that one could determine the value of the silver in relation to its weight. Today, the way we determine the value of our money is by looking at the number in the corners of a bill. Like our money today, silver was easily portable compared to goods like milk and grain. The flaws with the early silver money system were evident. Somebody could easily take another alloy metal and tell the merchant that it was silver. In other words, counterfeiting was relatively easy. As a result, a merchant would want know person that was offering their silver in order to prevent fraud. There were other standards of money in different places. There were different clay tokens. People who were not as wealthy as those who paid in silver paid in less valuable metals like copper, tin, and lead, but mostly barley. Eventually, merchants thought of an idea. If most of their customers paid in a certain currency, then they would therefore take only that specific currency. This idea started to slowly kill off other currencies. By killing off currencies they were making silver the dominate currency.

Cure for Aids Case to How to Distribute

Mykon’s Dilemma When I discovered the cure for AIDS, I was so excited. I was finally going to make medical history and I was going to be known for saving so many lives. I never thought I would be sitting before this board about to make the hardest decision of my life. As you all know there are pressures from every angle for me to make a decision that is best for our company and for the whole world. I wish that I could say that this decision is easy, like every other medication decision we have made in the past.I am regretful that I will not be able to make everyone happy and that I feel I have been given the power to determine who will live and who will not. I have come to the decision that I will only release 85% percent of the available Sprattalin and will scale back the production so that in time we will be able to help more people. The focus of this medication, at this time, will be only on those patients who are asymptomatic HIV positive. These patients will see the most benefits and will be an asset to the society and economy.Since I became CEO, I have made it my mission to do what is best not only for our company, but for our consumers and the help in the world that we currently do not help. So many of us have different ideas and suggestions as to how we could and should distribute Sprattalin. I understand all the ideas and angles that have been presented here, but I feel that we need to keep in line with the mission of this company. I personally follow the theorist Immanuel Kant. Kant is the founder of Kantian Ethics, which believes that everyone should be bound by the same duties and rules.There are three principles associated with this theory; Universizability, respect for people, and categorical imperatives. The jest of it is that you have to be able to accept and comply with the same rules that you would put on everyone else. I wish that I could follow this theory in my business practice, but I simply cannot. I have to think about everyone in volved, including my shareholders and stakeholders of the company. In this particular situation I would follow John Rawls’ theory of Egalitarianism. This particular theory is about equality.He has three main principles under this theory; Veil of Ignorance, Equal Opportunity, and Difference Principle. It is the Difference Principle that I am applying to this situation. I cannot help everyone that I would like, but giving those that cannot afford the medication some, is better than giving them none. I have been presented with a global summary of the HIV/AIDS epidemic as of December 2007. The numbers that I have received do not indicate how many of the people living with the disease in 2007 have HIV or full blown AIDS.I will only distribute to the Asymptomatic HIV patients, because they have the greatest chance of living a normal life expectancy. This is the Utilitarian theory, but as I cannot help everyone that I would like, it is not the main theory that can be used to support my decision. I know that many will not agree with this, but will distribute Sprattalin in a manner that will try to take care of everyone. I will first increase the prices by $2. 00 for all over-the-counter medications that we sell. I will then raise the costs of our prescription medications by two percent.The extra proceeds that are generated by the slight price increase will in effect subsidize the costs of Sprattalin that will be given away to low-income and third world countries. I would like to first start selling Sprattalin in the United States and Europe. These two places can afford to purchase our medications and try to help recoup the amount spent on research and development. I will not allow all of the available medication to go to these countries. I know it costs us $20,000 to produce one dosage of the medication and we will sell it for $80,000 in those two countries.I know that this is a steep price, but if countries are willing to pay way more than that for Sprattalin, then I want us to be able to help more people. Two months after the release in the United States and in Europe, I will start to release it to lower income countries. Africa unfortunately will be the last. They have the highest infected population, but are the poorest region. I know that many countries have tried to help stop the spread of HIV/AIDS in that region and they seem to still spread it to more people than die every year. They need additional help to ease the number of people becoming infected.Once Africa begins to receive Sprattalin, some of it will have to be paid for, but most of theirs will come from the price increases of the other medications that we sell. This is so that we can maintain our mission of helping the most people, but maintaining our profits to ensure that our investors stay happy. The reason behind not providing Sprattalin to full blown AIDS patients is because, I can only help fewer of those people and those people have already been battling it for year s. I feel great sympathy for these people and wish that I could help, but I want to help as many people as possible.I know that if I was one of those patients who could have benefited from Sprattalin, I will be pushing to supply me the medication and save my life. I cannot hide behind John Rawls veil of ignorance, because I do not have AIDS or HIV and I cannot imagine what those people are going through. My choices came from several factors that are prevalent to the determination of distribution. First was the company profits, without the investors, I would not have been able to make the discovery, but to the investors, I only ask for patience as this company deals with the costs and losses that may occur.We will find a way to create this medication in the lab so that the costs can be reduced and so that we can produce more Sprattalin. Cultural environment is also prevalent in this decision, because Africa, which in not only the most infected and the poorest, but they are the least educated on the spread of the disease and the ways to prevent transmission of the disease. In 2007 1. 7 million people were infected and 1. 6 million people died from it. I believe that this area of the world needs more help than we, as a company, can provide.I know that discussing Africa in this manner may seem bias to some of you, but it is the cold hard facts, upon which I relied my decision. Mykon has responsibility to try to provide to everyone in the world the lifesaving medication, and though personally I really want to help those in the lower-income countries with the highest rates, I have to think about the longevity of the company, which employs a lot of people. It is here where I had to determine what corporate social responsibility our company will commit to.I know that Milton Freidman would say that I should only think about the company and the company’s profits, but at the same time I want to help everyone. It is for all of these reasons that I have chosen to pr ovide the medication to those patients whom are asymptomatic HIV and not to those who are full blown. Hopefully throughout the next few years, our company will be able to come up with a way to generate more of the medication. The 15% of the available medication that I am keeping for the company is to be used to help regenerate the fungi growth, so that in three years we still have the medication to pass around.

Nature Is The Focal Point Emerges - 1835 Words

Nature is a prominent aspect of traditional Chinese poetry, but most early poems contained a limited use of natural imagery. Early poets used elements of nature to establish the setting or represent human concerns. Scenes of nature served as affective imagery utilized to make comparisons with human rituals, relationships, and emotions. The parallels with the natural description are meant to bring an greater awareness of the human condition. In the early medieval period, however, distinct genres of poetry in which nature is the focal point emerges. Tao Qian and Xie Lingyun are two poets who play significant roles in this development. Tao Qian, a field and gardens poet, focuses on domestic nature, particularly backyards, gardens, and the countryside. Xie Lingyun, a landscape poet, fixates on creating a panoramic view of beautiful scenery. Their descriptions of nature incorporate dimensions that idealizes it because it acts as a source for them to extract values from and search for enli ghtenment with. Tao Qian identifies a simple life of seclusion in the countryside as the threshold of peace and happiness. Xie Lingyun not only finds beauty in his landscape, but also a source of spiritual fulfillment. However, with such utopian expectations, the poets experience disappointment. This is apparent in their expression of dissatisfaction with feelings of fear of death and loneliness. For Tao Qian, peaceful farm life promised liberation from the corrupt political world and possibleShow MoreRelatedThomas Hobbes Leviathan801 Words   |  4 PagesThe true essence of Thomas Hobbes’ Leviathan is a well-constructed story that examines human nature. Hobbes’ introduces Leviathan during a chaotic period filled with death and a voyage of human expansion, which leads to the creation of a logical and sustainable society. 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