History Of The Philippine Monetary System Finance Essay - Free Essay Example

Sample details Pages: 14 Words: 4326 Downloads: 5 Date added: 2017/06/26 Category Finance Essay Type Narrative essay Did you like this example? ÂÂ   Most people dont spend much time wondering what money is, their major concern is how much they have, and how to get more. Usually, the question of what money IS arises only when money ceases to function properly. In economics (properly understood), the answer to the question what is money? consists of three words: Thats all. Don’t waste time! Our writers will create an original "History Of The Philippine Monetary System Finance Essay" essay for you Create order Yet the conception of a medium of exchange ranks below only language (with its corollaries speech and the written word) as the greatest intellectual discovery in history. Without language, the exchange of anything but the most rudimentary ideas is impossible. Without money, the production and exchange of anything but the most rudimentary goods and services is impossible. It is not difficult or time consuming, or inefficient, it is IMPOSSIBLE! Animals dont exchange (or trade) amongst one another. They are self-sufficient, or they take from each other, or they exercise the prerogative of superior strength and/or cunning. There are some human beings who get along in a very similar fashion, but the overwhelming majority recognises the benefits of voluntary exchange. Strictly speaking, the use of the word voluntary in this context is redundant. The phrase your money or your life is not the precursor to an exchange, whether the person uttering it brandishes a gun or a government identi ty card. The first rule of any voluntary exchange is simplicity itself. If two people are willing to exchange, each must view the results of the exchange as being beneficial. If either of them is not of that view, the exchange will not take place. Direct exchange, or barter, is exactly that my good or service for your good or service. The problem is that I might want what you have to offer, but you might not want what I offer in exchange. With no medium of exchange, there is no deal. Indirect exchange takes place when one party has a medium that is always acceptable, not for what it is, but for what can be done with it. If you offer me money, I will accept it, because I know that I can exchange it for what I want, whenever I want it. Indirect exchange involves the use of MONEY the medium of exchange. Money is the universal key, it fits all locks. And the world it has unlocked is the world we live in today. Money has made the division of labor possible. It has made special ization possible. It has made the accumulation of wealth over periods which exceed a human lifetime possible. Perhaps most important of all, it has hugely advanced the potential for amicable interaction between people. To survive as such, and to prosper, a rational animal must exchange. He or she has language, to exchange ideas, and money, to exchange the fruits of ideas. From that foundation, everything else we see around us has been built. That covers the concept or idea of money. But an idea, as such, does not exist as a physical entity. Money must be a physical entity. Neither the electronic money of today nor the notes and coin which circulate as cash has any official or legal connection with Gold and Silver. But they once did, and most people think that they still do. As long as that situation persists, the modern monetary system will function. Now, how does one go about choosing what is to be used as money? Simple, one looks for the most tradable good, the good which is in highest demand, the good that has begun to be accepted, not as an end in it, but as a means to an end. Money is the good that people do not want to consume, but want to use to make further exchanges easier. Human beings have lived together for more than two million years. Money in its modern form coin of fixed weight and denomination came into use less than three thousand years ago. It took a long time to discover the physical good which best serves the purpose of a medium of exchange. (https://www.the-privateer.com/gold-b.html) Functions Money as a Unit of Value The first function of money is to be a unit of value or a unit of account. The monetary unit is the unit in terms of which the value of all goods and services is measured and expressed. The value of each good or service is expressed as a price, which is the number of monetary units for which the good or service can be exchanged. If the price of a pen is Rs. 10 then a pen can be had in exchange for ten monetary units (where the monetary unit in this case is the rupee). Measuring values in monetary units helps in measuring the exchange values of commodities. If a pen is worth Rs. 10 and a notebook is worth Rs.20 then a notebook is worth two pens. Further, accounting is simplified, as all items will be recorded in terms of monetary units that can be added and subtracted. Money is a useful measuring rod of value only if the value of money itself remains constant. This is similar to saying that a scale is a useful measure of length only if the length of the scale itself is constant. The value of money is linked to its purchasing power. Purchasing power is the inverse of the average or general level of prices as measured by the consumer price index etc. As the general price level increases, a unit of money can purchase a lesser amount of goods and services so the value or purchasing power of money declines. So, money will be a useful unit of value only as long as its own value or purchasing power remains constant. (https://hubpages.com/hub/Functions-of-Money) Money as a Medium of Exchange Money also acts as a medium of exchange or as a medium of payments. This function of money is served by anything that is generally accepted by people in exchange for goods and services. Anything has been quite a variety of things across places and times. Some of the things that have served as money are clay, cowry shells, tortoise shells, cattle, pigs, horses, sheep, tea, tobacco, wool, salt, wine, boats, iron, copper, brass, silver, gold, bronze, nickel, paper, leather, playing cards, debts of individuals, debts of banks, debts of governments, etc. Money will then reduce the time and energy spent in barter. The person who owned a cow can now simply sell it to the person who offers the most money for it and then buy the bullock cart from another person who offers him the best bargain. Ultimately, all trade may be considered barter one good or service is traded for another good or service -either directly, or indirectly with money acting as the intermediary. However, by acting as an intermediary, money increases the ease of trade. Money is also called a bearer of options or generalized purchasing power. This indicates the freedom of choice that the use of money offers. The owner of the cow need not procure goods and services from those to whom he sold his cow. He can use the money to buy the things he wants most, from those who offer him the best bargain (not necessarily those who bought his cow), at the time he considers most advantageous (not necessarily immediately). Again, this function can only be performed properly if the value of money remains constant. (https://hubpages.com/hub/Functions-of-Money) Money as a Standard of Deferred Payments If money performs the previous two functions then it may also perform the function of being the unit in terms of which deferred or future payments are stated. Examples of situations where future payments are to be made are pensions, principal and interest on debt, salaries etc. As long as money maintains a constant value through time, it will overcome the problems associated with making future payments with specific commodities. (https://hubpages.com/hub/Functions-of-Money) Money as a Store of Value If money becomes a unit of value and a means of payment then it may also perform the function of serving as a store of value. The holders of money are holders of generalized purchasing power that can be spent through time. They know that it will be accepted at any time for any good or service and is thus a store of value. This function will be performed well as long as money retains a constant purchasing power. (https://hubpages.com/hub/Functions-of-Money) It may be noted that any asset other than money may also perform the function of store of value, for example, bonds, land, houses, etc. These assets have the advantage that, unlike money, they yield income and may appreciate in value over time. However, they are subject to the following: (1) They may involve storage costs, (2) They may not be liquid in the sense that they could not be quickly converted into money without loss of value, and (3) They may depreciate in value. A person may choose to store value in any for m depending on considerations of income, safety and liquidity. (https://hubpages.com/hub/Functions-of-Money) Kinds Commodity Money Commodity money refers to money whose value comes from a commodity out of which it is made. Examples of commodities that have been used as money include gold, silver, copper, salt, large stones, decorated belts, shells, and cigarettes. Commodity money is to be distinguished from representative money which is a certificate or token which can be exchanged for the underlying commodity. A key feature of commodity money is that the value is directly perceived by the users of this money, who recognize the utility or beauty of the tokens as they would recognize the goods themselves. That is, the effect of holding a token for a barrel of oil must be the same economically as actually having the barrel at hand. This thinking guides the modern commodity markets, although they use a sophisticated range of financial instruments that are more than one-to-one representations of units of a given type of commodity. In situations where the commodity is metal, typically gold or silver, a govern ment mint will often coin money by placing a mark on the metal that serves as a guarantee of the weight and purity of the metal. In doing so, the government will often impose a fee which is known as seigniorage. The role of a mint and of coin is different between commodity money and fiat money. In situations where there is commodity money, the coin retains its value if it is melted and physically altered, while in fiat money it does not. Commodity money often comes into being in situations where other forms of money are not available or not trusted. Various commodities were used in pre-Revolutionary America including wampum, maize, iron nails, beaver pelts, and tobacco. In post-war Germany, cigarettes became used as a form of commodity money in some areas. Cigarettes are still used as a form of commodity money in prison cell. Although commodity money is more convenient than barter, it can also be inconvenient to use as a medium of exchange or a standard of deferred payment due to the transport and storage concerns. Accordingly, notes began to circulate that a government or other trusted entity (e.g. the Knights Templar in Europe in the 13th century) would guarantee as representing a certain stored value on account. This creates a form of money known as representative money the beginning of a long slow shift to credit money. Historically gold was by far the most widely recognized commodity out of which to make money: gold was compact, easy to work into more beautiful jewelry, had decorative and functional utility as a finely strung wire or thin foil leaf, and most importantly, could always be traded for other metals to make weapons with. A state could be described as a political enterprise with sufficient land, gold and reputation for protecting both, e.g. the Fort Knox gold repository long maintained by the United States, could reliably issue certificates to substitute for the gold and be trusted to actually have it. Between 1933 and 1970, one U.S. d ollar was technically worth exactly 1/35 of a troy ounce (889 mg) of gold. However, actual trade in gold as a precious metal within the United States was banned presumably to prevent anyone from actually going up to Fort Knox and asking for their gold. This was a fairly typical transition from commodity to representative to fiat money, with people trading in other goods being forced to trade in gold, then to receive paper money that purported to be as good as gold, and then ultimately see this currency float on commodity markets. However, commodity money remained active in the background in some form or another, and seems to have been revived thanks to global capitalism, wherein a currency is widely traded as a commodity. One way to view such trade is that currency of resource-rich nations tends to be tied to the price of those particular commodity items until it becomes a developed nation. Thus, one could see the nominally fiat money of say Cuba as being tied to the commodity s ugar globally, rather than to the military power of Cuba that holds within its own borders. Also, commodity supplies and protections of supplies by states military fiat remain critical to trade, and there are active commodity market speculations on the stability of certain states, e.g. speculation on the survival of the regime of Saddam Hussein in Iraq has from time to time driven the price of oil. Some argue that this is not so much a commodity market but more of an assassination market speculating on the survival (or not) of Saddam himself. Finally, commodity money is undergoing a more direct revival thanks to theorists of green economics, natural capitalism and global resource banking, some of whom suggest a form of money based on ecological yield. They argue that the outputs of natural capital are the only genuine commodities air, water, and calories of renewable energy we consume being mostly interchangeable when they are free of pollution or disease. However, such goods cannot be held directly, and so it is common to suggest that representative money be issued based on enhancing and extending natures services, giving one the right to receive the yield as a benefit. They argue that reframing political economy to consider the flow of these basic commodities first and foremost, avoiding use of military fiat except to protect natural capital itself, and basing credit-worthiness more strictly on commitment to preserving biodiversity rather than repayment of debt, as in the current global credit money regime anchored by the Bank for International Settlements, would provide measurable benefits to human well-being worldwide. Some seek to replace the B.I.S. with a Global Resource Bank to manage global resources outside national jurisdiction for global benefit. Others would replace the gold standard with a biodiversity standard. It remains to be seen if such schemes have any merit other than as political ways to draw attention to the way capitalism itsel f interacts with life. Critics of this type of proposal often note that, as with other transitions from commodity to representative money, inadequate substitutes will be made on a just trust me basis as per Greshams Law which states that bad money drives out good. Other proposals, such as time-based money, rely on the availability of human labor as a commodity, especially within a community, which is presumably harder to guarantee access to, but also harder to steal. Still others deny the utility of co modifying labor as such, and suggest making free time the standard, since physical capital used for leisure, sport, art, theatre, and other forms of play is co modifiable and possible to control. (https://www.wordiq.com/definition/Commodity_money) Credit Money Credit money refers to money that constitutes future claims of a valuable item against an entity. The holder of credit money can use it to purchase goods and services; when the holder wants to, he or she can redeem it to get the item by which it is backed. Credit money is made of a material that has low intrinsic value compared to the value it represents when exchanged. Some types of credit money include IOUs, bonds and money market accounts. Some people also consider paper money and coins to be credit money because they have no intrinsic value and can be exchanged for valuable commodity. To illustrate how this concept came about, consider English goldsmiths, who centuries ago used to keep deposits of precious metals. They issued paper notes to those who deposited gold or silver for future redemption. These goldsmiths realized that they did not need to completely back their notes with precious metals because only a small fraction of holders come back to convert their notes. The goldsmiths then issued non-backed notes as loans to people who needed funds and received profits from interest payments. These notes constituted the early form of credit money. When a government issues banknotes, it decides on a valuable commodity on which to fix them, gold or silver, for example. It then fixes a stable value on the banknotes and sets them as a medium of exchange. The government can choose to maintain enough valuable commodities to let everyone with banknotes redeem it. The government can also choose to keep just enough valuable commodities to satisfy the small fraction of people who actually want to make the redemption. In this sense, banknotes are credit money because people can use them to redeem gold or silver. In modern monetary systems, however, the central bank often issues money that is not backed by valuable commodity. The size of the money supply in these systems does not depend on the availability of valuable commodity or the obligation of the centr al bank to repay credit money with valuable commodity. This kind of money is known as fiat money and is the most ubiquitous form of money in most modern monetary systems. Credit money can also refer to any claim on valuable commodity that is used as a medium of exchange instead of banknotes. Checks, IOUs and bonds that can be redeemed for banknotes are examples of this. Sometimes credit money has a maturity date, as in the case of checks where the bank pays the check recipient a certain amount of banknotes at maturity. Fiat Money Fiat money is the opposite of honest money. Fiat money is money that is declared to have value even if it does not. Honest money has value regardless of what people say. Gold and silver are often referred to as honest money and since they have been dug out of the ground at considerable expense, they do have value regardless. People will pay variable sums for them. Fiat money is also known as paper money, or electronic money. Since there is nothing behind paper money but the obligation of a state to redeem it in more paper or electronic money, fiat moneys ultimate worth is questionable at best. In fact, there is a history of states walking away from the face value of the fiat money that has been printed (created). But if one has it in ones possession, it is impossible to walk away from the value of gold and silver and contrary to fiat money, they have an inherent quality. Mainly an outgrowth of central banking, in the modern age, fiat money probably would not be attractive wi thout state support. Thats because fiat money, unlike fractional reserve money, has no inherent value. Fractional reserve banking, in fact, is a private market phenomenon in which private banks provide paper notes the face value of which adds up to more than the reserves held by the bank. There is a history of successful fractional reserve banking efforts within the private marketplace; however fiat money ALWAYS collapses, as it is impossible to issue a substance of value year after year and generation after generation that HAS no value. In the United States, the worlds largest and most dominant economy, the greenback became a fiat currency when President Richard Nixon broke the final link between gold and the dollar in 1971. He did this because the French were apparently threatening to redeem their dollars in gold and either the US central bank and/or Treasury did not have enough gold to In any event, Nixon severed the dollars relationship to gold and ever since then the world has embarked on a bold experiment in which the global, anchor currency has no specific relationship to an underlying asset. Predictably, this has meant that the United States has continually created more and more fiat dollars, thus inflating the overall stock of dollars and making them worth less and less. China, one of the worlds most ancient civilizations, is said to have had no less than eight separate interregnums of fiat currency each collapsing and then being replaced by another. In the 1800s, fiat money was even banned by the Chinese. Today, however, the Chinese government is once again a user of fiat money along with the rest of the world. Fiat money has never been as prevalent perhaps as in the modern age. But that doesnt make it any healthier or less prone to failure. Those who ignore history are doomed to repeat it. (https://www.thedailybell.com/803/Fiat-Money.html) Legal Tender Money Legal tender is any form of payment that must be accepted for a debt, according to the laws of the area. Generally, the term refers to government-issued cash money such as bills and coins, as opposed to credit lines, checks, or cards. The laws surrounding legal tender have proved vital in the formation of the fiscal policy of many nations. (https://www.wisegeek.com/what-is-legal-tender.htm) The term legal tender means currency that is legally permitted to be used to obtain goods or services in a particular country. Immediately recognized as legal tender for purchases and to settle outstanding debts, currency remains the single most common of all liquid assets that are used on a consistent basis by retail customers. (https://www.wisegeek.com/topics/legal-tender.htm) II. Development of Philippine Money Pre-Hispanic Era Archaeological evidence indicates that small seafaring communities existed throughout the Philippine Archipelago for at least 2000 years, prior to the arrival of the Spaniards. The chief means of trading was barter. Records show that Chinese merchants came to the Philippines to trade porcelain, silk and metalwork in exchange for gold, pearls, beeswax and medicinal plants, which the Philippines is naturally rich in. Excavations also unearthed gold ingots, known as piloncitos, the first recognized form of coinage in the country. Barter rings in different sizes, gold ornaments and beads were the other objects used as medium of exchange during the period. (https://www.bsp.gov.ph/about/history/story2.asp) Spanish Era The Galleon Trade, which started during the colonization of the Philippines in 1565 and lasted for 250 years, was responsible for transforming Manila into a trade center for oriental goods. These were brought across the Pacific, in exchange for odd-shaped silver coins called cobs or macuquinas. Other coins that followed were the dos mundos or pillar dollars in silver, the counterstamped coins and the portrait series, also in silver. In the 18th century, the Royalty of Spain authorized the production of copper coins by the Ayuntamiento or Municipality of Manila in response to the acute shortage of fractional coins. These were called barrillas which first appeared in 1728.In 1852, the first banknotes called pesos fuertes were issued, and in 1861,the Casa de Moneda de Manila minted the first gold coins with the word Filipinas inscribed, which were called Isabelinas and Alfonsinos. (https://www.bsp.gov.ph/about/history/story3.asp) Revolutionary Period On August 23, 1896, the Cry of Balintawak, headed by Andres Bonifacio signaled the start of the Philippine Revolution. After General Emilio Aguinaldos proclamation as President of the First Philippine Republic, Two types of 2-centavo copper coins were struck in the army arsenal of Malolos. Because their mintage was so few, they are considered extremely rare collection. Paper notes were also issued, but the circulation was limited because the government was short-lived. (https://www.bsp.gov.ph/about/history/story4.asp) American Regime When the Americans took over the Philippines in 1901, the US Congress passed the Philippine Coinage Act, which authorized the mintage of silver coins from 1903 to 1912. Subsequently, Silver Certificates were issued until 1918. These were replaced with Treasury Certificates from 1918 to 1935. The American Government deemed it more economical and convenient to mint silver coins in the Philippines, hence, the re-opening of the Manila Mint in 1920, which produced coins until the Commonwealth Period. This also became the first seat of the Central Bank in 1949. (https://www.bsp.gov.ph/about/history/story5.asp) World War II During the Japanese Occupation from 1941 to 1944, two kinds of notes circulated the Japanese Invasion Money issued by the Japanese Government, and the Guerrilla Notes or Resistance Currencies issued by Filipino guerrillas. (https://www.bsp.gov.ph/about/history/story6.asp) Republic Period Republic Act No.265 created the Central Bank of the Philippines (CBP) on January 3, 1949, which was vested the power of administering the banking credit system of the country. Initially, the CBP issued the Victory Notes with the overprint Central Bank of the Philippines in 1949. The first official banknotes issued by the Central Bank were the English series in 1951, followed by the Pilipino series in 1967, the Ang Bagong Lipunan series in 1973 and the New Design series in 1985. Central Bank coins of the English series were also issued in 1959, followed by the Pilipino series in 1967, and the Ang Bagong Lipunan series in 1975. The Flora and Fauna series were introduced in 1983, and subsequently, the improved version in 1992, until the demonetization of all the series in 1998. (https://www.bsp.gov.ph/about/history/story7.asp)

Whole Foods Market Case Analysis - 1687 Words

Whole Foods Market Case Analysis Whole Foods Market has received recognition as recent as January 27th 2011 when CNBC aired Supermarkets Inc: Inside a 500 Billion Money Machine. â€Å"Whole Foods is arguably the most influential, and by some measures, the most successful supermarket chain in the world. The specialty gourmet store has grown into a Fortune-300 company offering specialty foods and locally grown organic produce.1† CNBC goes on to state that even â€Å"Established brands like Safeway, Giant Eagle and Kroger are cultural icons as familiar as our own street names, but they are under constant attack from brilliant upstarts like Whole Foods†¦1† From the general supermarket industry Whole Foods Market breaks down into even a smaller specific†¦show more content†¦Whole Foods Market has had experience in the natural/organic retailing industry since 1980. For the past 30+ years they have built over 300 large customized stores in North America and also in the United Kingdom. Whole Food s Market is known to provide the highest quality of products. Weaknesses of Whole Foods Market include the high prices for their products; this is a direct result of the company’s focus on their availability of the finest products. The majority of Whole Foods Market inventory consists of perishable items. This can sometimes pose problems because, produce, milk, eggs have a short shelf life, Produce especially needs constant maintenance to be graded as well as pulling the damaged or bruised produce off the sales floor. Working as a produce clerk for several years I know the importance decreasing the cost of throw away products. It hurts the company’s sales especially when you are dealing with pricy high quality natural and organic foods. Another weakness the Whole Foods Market faces is the high costs associated with expanding into different locations. The third part of SWOT is external opportunities that WFM faces in the industry. 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What is meant in psychology by the term attachment Free Essays

The psychological explanation for the term ‘attachment’ is where you form an emotional bond to another person or object both physically and mentally. And to feel secure. John Bowlby (1969) described it as a lasting psychological connectedness between human beings. We will write a custom essay sample on What is meant in psychology by the term attachment? or any similar topic only for you Order Now He also stated that early experiences In childhood have an important influence on development behavior on the individual’s life. Attachment behavior is essentially a survival strategy from evolution for protecting infants from predators. Question 2 According to Bowlby, what harm is caused to an individual if he or she is deprived of an attachment bond in early childhood? If the process of ‘attachment’ is ‘interrupted’, the individual may develop mental issues such as depression, behavioural issues, find it hard to make relationships, even goes as far as psychiatric disorders, dwarfism, acute distress or possibly death if the attachment bond is interrupted. From the 1940’s – 1970’s it was determined that a child must have a secure mother-child relationship if the infant was not to suffer any long term problems. Bowlby did a case study on 44 Juvenile thieves and to his amazement discovered that a majority of them had suffered some sort of separation from their mothers, possibly more than 6 months or more in the first critical 5 years of their lives. This was actually proven to be of a biased nature as Bowlby did find that most of them had suffered some form of separation from their mothers and he presumed that this was the case of their delinquency. He also found that a small number of the juvenile thieves were unable to make â€Å"true† affection bonds. But these findings could be thrown out as Bowlby never had results from a â€Å"controlled group† to compare his findings. Harlow did an experiment with this in mind with rhesus monkeys – â€Å"wire mother experiment†. It was conducted in 1960 to show the devastating effects deprivation. His experiments were classed as unethical and cruel, but they uncovered truths which have had a heavy influence on our understanding of child development. Question 3 What factors appear to be necessary to bring about attachment? Time and attention as well as the factor to attend to an infant immediately will bring out partial attachment. Sight is also an important factor as well. Jean Piaget proved that theory when he did a case study on infants aged between the age 8/9 months, by covering a toy with cloth to see if they would â€Å"look or search† for the object when it had disappeared out of sight. Schaffer and Emerson (1964) noted that not only do infants form a solid attachment to their mother (or mother figures), but that a substantial amount of infants also made a close attachment to their fathers and older siblings. Mary Ainsworth () had distinguished between infants who had successfully managed to make secure and insecure attachments. The results showed that it was how the mother (or mother figure) showed sensitivity, i.e. detecting her infants signals, managing to interpret them and how the mother (or mother figure would react and respond appropriately). Question 4 Describe and evaluate the evidence which has found that children can develop normally despite maternal separation? Chibuccs Kail (1981), found that there were 3 factors. It was as follows:- 1) how playful he was towards the baby 2) how much contact the have with the baby 3) Reads a baby signals They noted that a mother would hold, smile, show more affection towards a child as well as routine physical care. The father would play more but it was more physical and that they would interact more with boys both physically and mentally than they did girls. Kohen-Raz (1968), did a study on the kibbutz. It was noted that kibbutz children were equal in physical mental skills to Israeli children, who were raised in private homes BUT were superior to Israeli children raised in orphanages. Rabkin Rabkin (1969) and Nahir Yussen (1977) found that the kibbutz children could demonstrate several advanced characteristics than children raised at home, and that they also could show signs of recognition in how other children felt from an early age. Question 5 Why do same people argue that animals should not be used in psychology experiments? It has been noted that its acceptable perform experiments on animals especially primates as they are the closest relation to humans. Where preforming experiments on human kind is would be considered as outrageous and unethical. It’s obvious that the experiments involving animals for psychological and behavioural experiments cause suffering but they shall be forth coming as it’s funded by tax payer’s money World Wide. The experiments are aimed to help understand mental disorders and attachment disorders. Cahann only obtain results by watching human behaviour closely not under experimental circumstances. Question 6 Describe and evaluate one study of visual perception in human infants. Gibson Walk – 1960 (visual cliff) This was an experiment which consisted to measure depth perception where they attempted to get infants to walkover a glass plate suspended over a drop. Gibson Walk wanted to find out whether 6 to 14 month old infants could perceive depth. Babies have a natural sense of danger so the experiment was designed to see if they can see it’s perfectly safe. Case studies were placed each time in the middle of a table, where 1 side was replaced by glass to expose the â€Å"danger†. Their mothers would then try to tempt the infant over both sides. The results showed that if the case study (infant) had no depth perception then the glass drop wouldn’t seem scary and they would just walk all over the table. Those that didn’t have depth perception and could see the drop, they would automatically avoid it. How to cite What is meant in psychology by the term attachment?, Papers

Nutrition for kids Guidelines for a healthy diet free essay sample

Nutrition for kids is based on the same principles as nutrition for adults. Everyone needs the same types of nutrients such as vitamins, minerals, carbohydrates, protein, and fat. Children, however, need different amounts of specific nutrients at different ages.Consider these nutrient-dense foods:Protein. Choose seafood, lean meat and poultry, eggs, beans, peas, soy products, and unsalted nuts and seeds.Fruits. Encourage the child to eat a variety of fresh, canned, frozen or dried fruits rather than fruit juice. If child drinks juice, make sure its 100 percent juice without added sugars and limit his or her servings. Look for canned fruit that says its light or packed in its own juice, meaning its low in added sugar. Keep in mind that one-quarter cup of dried fruit counts as one cup-equivalent of fruit. When consumed in excess, dried fruits can contribute extra calories.Vegetables. Serve a variety of fresh, canned, frozen or dried vegetables. We will write a custom essay sample on Nutrition for kids: Guidelines for a healthy diet or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Aim to provide a variety of vegetables, including dark green, red and orange, beans and peas, starchy and others, each week. When selecting canned or frozen vegetables, look for options lower in sodium. Grains. Choose whole grains, such as whole-wheat bread, oatmeal, popcorn, brown or wild rice. Limit refined grains such as white bread, pasta, and rice.Dairy. Encourage your child to eat and drink fat-free or low-fat dairy products, such as milk, yogurt, cheese or fortified soy beverages.0-12 months: Infants up to the age to six months are exclusively breastfed. As baby grows, gradually introduce baby to a wide range of new tastes and textures so that, by the age of one year, the baby is enjoying a varied and healthy diet. Average Energy Requirements (calories/kcals) of children aged 1 to 5:Age Male (kcal) Female (kcal)1 765 7172 1004 9323 1171 10764 1386 12915 1482 1362Toddlers (1-3): The period Between 1 and 3 years old, toddlers develop in fascinating, exciting and surprising ways. Physically, socially, emotionally and verbally, they are becoming more independent and able to express their budding personality. A healthy, balanced diet is necessary to provide a toddler with the right balance of nutrients they need for optimal development. Two vital vitamins for this stage are iron and vitamin D.Pre-School Children (3-5): Children growth and development is rapid. A child can play with a group of friends, using their imagination to play games. They’re capable of making decisions. Their daily energy and nutrient requirements are high.Reference Nutrient Intake (RNI):AGE IRON RNI (mg) CALCIUM RNI (mg) VITAMINS RNI (ug) SALT(g) SODIUM(g)1-3 6.9 350 400 2 0.83-5 6.1 450 400 3 1.2

National Monument of Malaysia free essay sample

The National Monument is situated at the centre of the reflecting pool. The monument was designed by the famous American sculptor Felix de Weldon, who also designed the Iwo Jima Memorial in Washington. The idea of erecting the bronze monument came to the late Tunku Abdul Rahman Putra Al Haj, Malaysias first prime minister, in 1960 when he visited the USMC War Memorial statue in his visit to America in October 1960 and personally met the renowned sculptor for favour to design the monument. The National Monument was built at a cost of RM600, 000. The National Monument was erected to recognize and honour of those who gave up their lives in the cause for peace and freedom during the 1st and 2nd World Wars, and particularly during the nation’s struggle against the threat of Communism (the period of Malayan Emergency) from the years 1948 to 1960. The monument stands at 15. 54m high, and is made up of a diorama of seven bronze human figures, atop an oblong base. We will write a custom essay sample on National Monument of Malaysia or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Each figure at the National Monument denotes one of the seven qualities: courage, leadership, sacrifice, strength, suffering, unity and vigilance. The topmost figure, at the centre of the National Monument, holds aloft the Malaysian flag. He is flanked on the left and right by 2 other soldiers, both armed – the figure on the left is armed with a machinegun, while the other carries a rifle and a bayonet. Kneeling slightly on the right side of the central figure is a fourth soldier, who is tending to a fifth wounded ompatriot. To the front and below these five figures are 2 fallen enemies. The granite base of the monument bears on inscription in English with Roman script and Malay with Jawi script: â€Å"Dedicated to the heroic fighters in the cause of peace and freedom, May the blessing of Allah be upon them†. Overall the monument depicts the victory of the forces of democracy, peace and freedom over that of the communist and evil. The Tugu Negara should be designated as one of the Wonders of Malaysia. It is one of the national symbols of Malaysia and it is built in honour of those who had fought and fell defending our beloved country; the seven soldiers atop the monument symbolizes the loyalty, sacrifice and co-operation of the people of Malaysia

ASTRONOMY †HISTORY AND REVOLUTION

ASTRONOMY – HISTORY AND REVOLUTION Free Online Research Papers In early times, astronomy only comprised the observation and predictions of the motions of objects visible to the naked eye. In some locations, such as Stonehenge, early cultures assembled massive artifacts that likely had some astronomical purpose. In addition to their ceremonial uses, these observatories could be employed to determine the seasons, an important factor in knowing when to plant crops, as well as in understanding the length of the year. Before tools such as the telescope were invented early study of the stars had to be conducted from the only vantage points available, namely tall buildings and high ground using the bare eye. As civilizations developed, most notably in Mesopotamia, Greece, Egypt, Persia, Maya, India, China, Nubia and the Islamic world, astronomical observatories were assembled, and ideas on the nature of the universe began to be explored. Most of early astronomy actually consisted of mapping the positions of the stars and planets, a science now referred to as astrometry. From these observations, early ideas about the motions of the planets were formed, and the nature of the Sun, Moon and the Earth in the universe were explored philosophically. The Earth was believed to be the center of the universe with the Sun, the Moon and the stars rotating around it. This is known as the geocentric model of the universe. A few notable astronomical discoveries were made prior to the application of the telescope. For example, the obliquity of the ecliptic was estimated as early as 1000 BC by the Chinese. The Chaldeans discovered that lunar eclipses recurred in a repeating cycle known as a saros.In the 2nd century BC, the size and distance of the Moon were estimated by Hipparchus. During the Middle Ages, observational astronomy was mostly stagnant in medieval Europe, at least until the 13th century. However, observational astronomy flourished in the Islamic world and other parts of the world. Some of the prominent Arab astronomers who made significant contributions to the science were Al-Battani and Thebit. Astronomers during that time introduced many Arabic names that are now used for individual stars.It is also believed that the ruins at Great Zimbabwe and Timbuktu may have housed an astronomy observatory. Europeans had previously believed that there had been no astronomical observation in pre-colonial Middle Ages sub-Saharan Africa but modern discoveries show otherwise. During the Renaissance, Nicolaus Copernicus proposed a heliocentric model of the solar system. His work was defended, expanded upon, and corrected by Galileo Galilei and Johannes Kepler. Galileo innovated by using telescopes to enhance his observations. Kepler was the first to devise a system that described correctly the details of the motion of the planets with the Sun at the center. However, Kepler did not succeed in formulating a theory behind the laws he wrote down. It was left to Newtons invention of celestial dynamics and his law of gravitation to finally explain the motions of the planets. Newton also developed the reflecting telescope. Further discoveries paralleled the improvements in the size and quality of the telescope. More extensive star catalogues were produced by Lacaille. The astronomer William Herschel made a detailed catalog of nebulosity and clusters, and in 1781 discovered the planet Uranus, the first new planet found. The distance to a star was first announced in 1838 when the parallax of 61 Cygni was measured by Friedrich Bessel. During the nineteenth century, attention to the three body problem by Euler, Clairaut, and DAlembert led to more accurate predictions about the motions of the Moon and planets. This work was further refined by Lagrange and Laplace, allowing the masses of the planets and moons to be estimated from their perturbations. Significant advances in astronomy came about with the introduction of new technology, including the spectroscope and photography. Fraunhofer discovered about 600 bands in the spectrum of the Sun in 1814-15, which, in 1859, Kirchhoff ascribed to the presence of different elements. Stars were proven to be similar to the Earths own Sun, but with a wide range of temperatures, masses, and sizes. The existence of the Earths galaxy, the Milky Way, as a separate group of stars, was only proved in the 20th century, along with the existence of external galaxies, and soon after, the expansion of the universe, seen in the recession of most galaxies from us. Modern astronomy has also discovered many exotic objects such as quasars, pulsars, blazars, and radio galaxies, and has used these observations to develop physical theories which describe some of these objects in terms of equally exotic objects such as black holes and neutron stars. Physical cosmology made huge advances during the 20th century, with the model of the Big Bang heavily supported by the evidence provided by astronomy and physics, such as the cosmic microwave background radiation, Hubbles law, and cosmological abundances of elements Research Papers on ASTRONOMY - HISTORY AND REVOLUTIONThree Concepts of PsychodynamicThe Rise and Fall of Napoleon BonaparteAmerican Central Banking and OilDistance Learning Survival GuideGlobal Distributive Justice is UtopianGenetic EngineeringDeontological Teleological TheoriesBooker T. Washington, W.E.B. Du Bois, Ida B. Wells-BarnettDefinition of Export QuotasCombating Human Trafficking

5 Mixed-Up Malapropisms

5 Mixed-Up Malapropisms 5 Mixed-Up Malapropisms 5 Mixed-Up Malapropisms By Mark Nichol It’s almost impossible to speak or write English without dodging a misnomer or a malapropism at least once in your lifetime. A misnomer (the word is derived from the Latin for â€Å"incorrect name†) is forgivable usually, it’s merely a matter of retaining an obsolete description, as in â€Å"pencil lead† for the graphite used in writing instruments, or referring to the United States as a democracy, when it’s technically a federal republic but a malapropism is a bald sign of carelessness or overreaching for elephants. Eloquence. I meant eloquence. Sometimes, of course, it’s used for comic effect. (That’s where we get the word malapropism. It comes from malapropos, the Latin for â€Å"inappropriate,† entering the English language when playwright Richard Brinsley Sheridan used it as the name of a character who, out of ignorance, uttered humorous inanities.) Here are some examples of malapropisms to avoid: 1. â€Å"Her plans didn’t jive with his ambitions.† Jive means â€Å"to deceive†; the writer meant jibe, â€Å"to coincide†: â€Å"Her plans didn’t jibe with his ambitions.† 2. â€Å"Who was the first Englishman to circumvent the globe?† In one sense, circumvent means â€Å"to go around,† so it superficially works here, but the most common meaning is â€Å"to evade,† so, unless the Englishman was a fugitive astronaut, circumnavigate is the word the writer is looking for: â€Å"Who was the first Englishman to circumnavigate the globe?† 3. â€Å"In outrage, she responded vehemently to the anti-Semitic epitaphs at the rally.† An epitaph is a commemorative inscription or comment about a deceased person. The correct word is epithets (an epithet, in this context, is an insult): â€Å"In outrage, she responded vehemently to the anti-Semitic epithets at the rally.† (Epithet can also mean a substituting word or phrase such as â€Å"the Father of Our Country† or, in biology, a term in a taxonomic name.) 4. â€Å"I awaited her arrival with baited breath.† Baited means â€Å"lured† or â€Å"teased† (or â€Å"attacked,† â€Å"harassed,† or â€Å"persecuted†). The writer should have written bated (â€Å"withheld†): â€Å"I awaited her arrival with bated breath.† 5. â€Å"I wouldn’t step foot in there if you paid me.† This substitution of step for set is a minor flaw, but the latter word is the standard idiom: â€Å"I wouldn’t set foot in there if you paid me.† Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Misused Words category, check our popular posts, or choose a related post below:7 Classes and Types of Phrases50 Diminutive Suffixes (and a Cute Little Prefix)