... pariahs of the maritime community. Commissioned in times of war, they were respected entrepreneurs, serving their purses and their country, if only incidentally the latter. However vulgar their motivation, the system of privateering arose because it provided a valuable service to the country, and indeed the Ame rican Revolution might not have been won without their involvement. Many scholars agree that all war begins for economic reasons, and the privateers of the war for independence contributed by attacking the commercial livelihood of Great Britain's merchants. It is ironic that the entire notion of privat ...

... their own Social Security funds in a high-yield bank account, or the stock market. Right now, the average American has withdrawn all he has put into Social Security within 7 years of retirement. This forces the everyday worker to support those currently on Social Security with his payments. Whoever is still in the work force should be given the opportunity to do with their money as they see fit. If someone feels that they are unable to invest wisely in the stock market, there are other options available. For instance, and perhaps the simplest, is to invest the funds into a money-market account, which will on averag ...

... underlying security at X. However only America options can be exercised at any time during the life of the option if the holder sees fit while European options can only be exercised at the expiration rate, and this is the reason why American put options are normally valued higher than European options. Nonetheless it has been proved by academics that it is impossible to derive an analytical formula for valuing American put options and the reason why will be discussed in this paper as well as some main suggested techniques that are used to value them. According to Hull, exercising an American put option on a non- ...

... in a plastic case. The time cycle takes 92 seconds to produce one completed tape recorder. Working with three independent Robotic Companies, we have put together an analysis that shows that the same job could be preformed by three robots in a time cycle of 38 seconds per each tape recorder assembled. This would increase our production of the product by approximately 140 % in the same time frame that we are currently operating. The analysis shows that the operation will take three robots to do the required task in the shortest amount of time. The whole work cell will be designed so that the assembly line ...

... League, the General Federation of Women’s Clubs, the National Women’s Trade Union League, the AFL, the National League of Women Voters, and the National Young Women’s Christian Association. The original bill that was written provided for 1. A five member Fair Labor Standard Board, 2. A of not more than 80 cents an hour or $1,200 per year, 3. The general initiation of a 40 cents-an-hour, 40 hour workweek except in exceptional circumstances, 4. The prohibition of interstate shipment of goods produced with “oppressive child labor,� 5. The exception of agricultural workers and executives, adm ...

... walk in to a McDonald's restaurant in London, Tokyo or Moscow and expect to see staff dressed in the same uniform serving the same food from within restaurants that look remarkably similar. There are no risks to be taken here and rarely a snap decision to be made and certainly not by the staff. Contrast this with a small organisation, thirsty for success in an emergent market such as Steve Job's Apple Computers in the early eighties. Here was a company led by a very strong character who was highly motivated, possessed a highly practical imagination and was fanatical about detail. He built up a multinational co ...

... years, it caused quite a stir. When the Fed decides the economy is growing at too quick a pace, or inflation is getting out of hand, it can take actions to slow spending and decrease the money supply. This corresponding with the money equation MV = PY, by lowering both M and V, P and Y can stabilize if they are increasing too rapidly. The Fed does this by selling securities on the open market. This, in turn, reduces bank's reserves and forces the interest rate to rise so the banks can afford to make loans. People seeing these rises in rates will tend to sell their low interest assets, in order to acqu ...

... has been normalized for inflation and is based on historical data starting in 1926. Normalization removes the effects of inflation so the return from one year to the next can be compared. Historical data shows that the inflation corrected ROR over a 20 year period is clearly higher for Stocks, except for a period in the mid-1970’s when stock returns dropped below T-bills. Periods of high inflation in the 70’s are the primary drivers of the stock ROR decline. T-bills have historically had a much lower 2.5% maximum ROR that has not been prevalent until the past few years. Bonds have consistently had negative ...

... make our journey through it's development even more enjoyable. Management is described as the process of getting activities with and through other people. This philosophy has been so widely examined that there are literally millions of opinions and differing views on the subject. We will only be examining the functions of management where the basics of planning, organizing, leading, and controlling apply to The Body Shop. In 1976 an inexperienced Anita Roddick got tired of unsubstantiated Management and The Body Shop claims of the cosmetics industry that their products couldn't deliver. She decided to make a de ...

... the consumer benefits of competitive enterprise and to expose the flawed economic, scientific and risk data that underlie certain public policies. Now, Consumer Alert is the home to the spare time of over 6,000 volunteers. Each of these volunteers donate their valuable time to Consumer Alert for the sole reason of upholding high ethics within the American marketplace. Anyone can become a member. The only qualification is that the individual have a distinct and strong faith in competitive enterprise, a healthy skepticism of government solutions, a dislike of government related monopolies, labor, or business, and b ...