Bubbles on the South Sea Essay Example | Topics and Well Written Essays - 1250 words

Bubbles on the South Sea - Essay Example This is a significant drop in the total value of a market, almost undoubtedly to the popping of a bubble, creating a situation wherein the majority of investors are trying to flee the market at the same time and consequently incurring massive losses. And terribly affects everyone. The inevitable crash came and the strain proved too much to many joint stock companies. The immediate cause was the activities of the South Sea Company. It had been formed to engage in trading in the South Seas, but it also has engaged in the funding of the national debt in return for monopolistic privileges. The bad repute of this joint-stock companies had led to the passage of the Bubble Act for the regulation of companies in the main attempt to prevent panic. Bubble Act declared that only companies formed by charter or by a private act of parliament were legal. The South Sea Company was reasonably successful. It was chartered by the government for trade in South America and the South Sea. The relationship between the government and the company created confidence and high expectations. In the history, they were given the monopoly of trading in the Pacific Ocean and along the coast of South America, made an offer to the government to pay off the whole National Debt and to buy up the irredeemable annuities, according to Melville amounting of â€Å"â‚ ¤800,000 a year, provided the different public securities were consolidated into one fund in their hands and the government gave the company certain exclusive commercial privileges†. In spite of the limited privileges conceded to it in the Asiento by Spain, been highly successful in the slave trade. This means according to (Colliers Encyclopedia) â€Å"that they have the right for 30 years to supply Spanish-America colonies with 4,800 slaves annually and to send to Porto Bello and Vera Cruz a trading ship of 500 tons a year†.  

Discuss the learning environment on reggio emilia, steiner and Essay

Discuss the learning environment on reggio emilia, steiner and montessori early years settings - Essay Example It is only unique to Reggio Emilia as there are no international colleges to train someone to become a Reggio Emilia teacher whatsoever. The organization of the learning environment for Reggio Emilia is very critical to the early childhood program. It is often known as the childs third teacher. The major aims that are involved in the design of the new spaces or learning environment and the remodeling of the ones which are old usually includes a combination of each classroom with the rest of the school, and the surrounding community that is adjacent to the school. The importance of this learning environment lies with the feeling that all children can come up with the best meaning and make sense of the world through learning environments which support involving, varicolored, sustained, and the changing relationships among people, the experience in the world, ideas and the numerous ways of showing ideas. The preschools are specifically filled with elements such as indoor plants and vines with the natural light evident. The classrooms are open to a center piazza while the kitchens are open to the general view. Additionally, the access to the surrounding communities is all but assured through windows that are almost wall-size. The entries are the ones that mainly capture the attention of the children and the grownups through the mirrors that are on the walls and ceilings. Other important features of this learning environment include the abundant space that is available for the supplies. They are often rearranged in order to draw the attention that is related to their beautiful features. There are studio spaces in each classroom which are in the form of an ample anterior that is centrally located. In the school, there are significant efforts of creating opportunities for children interaction. Waldorf schools are based on the educational philosophy of Rudolf Steiner, who is a philosopher based in Austria. Rudolfs feelings on