Saturday, August 31, 2019
Charging Overweight Passengers by the Pound Essay
In the world today, obesity is becoming a serious problem that affects oneââ¬â¢s life in different situations. One of these situations is flying in the airplane. David Landsel in his article ââ¬Å"Some Airlines Make Obese Passengers Buy Two seatsâ⬠pointed out that different airlines are taking some policies concerning this issue. However, united airlines are not taking any policies. Southwest and Midwest airlines claimed that overweight passengers should buy an extra seat. If the airplane is not full, and more seats are available, a refund will be returned to the passenger. American airlines put limitations on the services that the airline provides, but passenger is not forced to purchase an extra seat. Air France travelers that suffered from obesity will have the opportunity to buy the extra seat with a 25 percent discount. With these different deals about the fat passengers, there is surely a disagreement about accepting these policies or rejecting them. Obese passengers should buy two airline seats. This is because of several reasons that may be benefit for the obese passengers and the normal weight passengers. So this will help make everyone more comfortable. Some critics claim that obliging obese passengers to buy an extra seat is a ridiculous statement. They should not be penalized for something that they may not be able to deal with. They might have a disease that makes them that way. They argued that this is discrimination to obese people and should not be practiced. But this is not true. Discrimination against someone for something is based on an opinion without objective truth. In this case, it is completely obvious that the passenger is taking up more space than the accommodated seat space. So the argument of the opposing side fails to take into account. Other critics argued that airline tickets are sold per individual not per pound, and people should not be penalized because of their weight. This is a non convincing argument since airlines sell tickets by seat not per person. If someone takes up to two seats, he should have to buy two seats. That is how it is and should be. Obese people sitting in a single seat can become a serious issue. Passenger will seriously squeeze the passengers beside him, leading discomfort and cause a struggle to get out of the seat to the toilet. No one would accept an obese person sitting next to him squishing and taking more than his space for the whole entire flight. It is not fair to the people sitting next to fat travelers who are crushed and uncomfortable for the whole flight. Skinny people will be crowded out by overweight people. Second, airplane seats and seat belts are designed to hold an average weight of 170 pounds, so seat belts fail to restrain heavy passengers. This poses a safety risk for them on the aircraft. Another airline obesity issue is that obese passengers can affect the balance of the airplane by adding more weight. This excess weight requires more work for the plane to move a heavier object which makes the airplane sometimes in a dangerous position. One third argument that supports the statement that obese travelers should buy two airlines seats is that everyone is entitled to hundred percent of the seat for which he paid. Severely, obese people spill over to the next seat that is occupied by the person that purchased the ticket to that seat. Sometimes, fat passengers took up one third to one half of the other passenger seat space. So if any person takes up more than one seat space, he must purchase the additional space he requires. Urging passengers with high body mass to purchase an extra seat is a fair policy that needs to be done by the airlines in order to keep all their flights safe and comfortable for all the passengers. So, obese people must know that airlines are taking these policies to protect them. Deltaââ¬â¢s Suzan Elliott states that the airline has no plans to implement any policy that discriminates against any of our passengers. This is how all the airlines think about this issue, but the difference is the way they practice these policies and deal with them with regard to the refund and the cost of the extra seat.
The Victory of Spanish over the Aztecs
The victory of Cortes over the Aztec was the result of certain military advantages the conquistadors enjoyed, as well as specific problems that weakened the Aztec people and made the empire more vulnerable. It is almost impossible to believe that a small amount of Spanish soldiers were able to conquer the mighty Aztec empire in this historic battle. As soon as Cortes and his army arrived to Mexico in 1519, where the Aztec used to live.They were kindly received by the emperor Montezuma, and their main goal of coming to Tenochtitlan was the gold. According to Sahagun, (2009), ââ¬Ëââ¬â¢ when the Spanish had given the gold, they seemed to smile, to rejoice and to be very happy. Like monkeys they griped the goldââ¬â¢Ã¢â¬â¢, (p. 112). Despite their small number, the Spanish has defeated the Aztec, because of many advantages, such as the military technology they had, which were based on firearms, swords made by steel and iron and riding horses were a great advantage.Also, they ha d better weapon and a lot of the Aztec were scared of horses. Moreover, the Spanish looked like gods to the Aztecs, because of their aggression in killing people. What is more, the diseases that the Spanish carried, like smallpox and malaria, helped them a lot in victorious. ââ¬Å" The pustules that covered people caused great desolation; very many people died of them, and many just starved to death; starvation regained, and no one took care of others any longerâ⬠(Sahagun, 2009, page 114).On the other hand, before the Spanish reached Mexico, there were many problems that faced the Aztecs, for example because of the Aztecs religion, it requested a large number of human sacrifices, which considered as an honor, where to be made to the Gods. ââ¬Å" Once when Duran asked why the people were not content to sacrifice animals, he was told that the sacrifice of humans was the honored offering of a great lord ââ¬Å" (Duran,2009,page 407). Furthermore, the Aztecs were not able to be united with other tribes, so the Spanish took this point as an advantage, by united with other tribes to fight the Aztecs.All of these factors were important reasons to destroy the Aztecââ¬â¢s civilization. In conclusion, the Spanish had no mercy in fighting with Aztec and they made many massacres back that time. They used many powerful battle methods against the Aztec, like swords, horses and diseases . Also, there were some interior troubles inside the Aztec society such as human sacrifices. after long battle between the Spanish and the Aztec and a long siege of the capital Tenochtitlan, where much of the population died from hunger and diseases.
Friday, August 30, 2019
Micromax Info Essay
Regd. Office: 21/14, Naraina Industrial Area, New Delhi-110028. CODE OF CONDUCT FOR DIRECTORS, SENIOR MANAGEMENT, OFFICERS AND EMPLOYEES OF MICROMAX INFORMATICS LTD. MICROMAX INFORMATICS LIMITED is committed to conducting its business in accordance with the applicable laws, rules and regulations and with highest standards of business ethics. This code is intended to provide guidance and help in recognizing and dealing with ethical issues, provide mechanisms to report unethical conduct, and to help foster a culture of honesty and accountability. Each Director, senior manager, officer and employee is expected to comply with the letter and spirit of this code. The Directors, senior management, officers and employees of the Company must not only comply with applicable laws, rules and regulations but should also promote honest and ethical conduct of the business. They must abide by the policies and procedures that govern the conduct of the Companyââ¬â¢s business. Their responsibilities include helping to create and maintain a culture of high ethical standards and commitment to compliance, and to maintain a work environment that encourages the stakeholders to raise concerns to the attention of the management. A present, overall, contents of this Code are in practice, being already followed by the Directors and the Senior Management, however, in compliance with the new Clause 49 of the listing agreement, the Code as set out below, is to take effect from the date, when approved by the Board in its meeting 1. APPLICABILITY: The Code is applicable to all the members of the Board of Directors, Senior Management, Officers and employees of the Company. Senior Management shall include all executives holding the positions of Director (Non-Board Member/s), Sr. Manager, Managers, Asst. Managers and all head of the departments excluding Board of Directors. Such personnel shall hereinafter be treated as members of its core management team. 2. DILIGENCE: The Directors, senior management, officers and employees are to exercise due diligence in attending to their respective duties and obligations in the best interest of the Company. 3. CONFLICTS OF INTEREST: The Directors, senior management, officers and employees should be scrupulousà in avoiding ââ¬Ëconflicts of interestââ¬â¢ with the Company. In case there is likely to be a conflict of interest, he/she should make full disclosure of all facts and circumstances thereof to the Board of directors or any Committee / officer nominated for this purpose by the Board and a prior written approval should be obtained. A conflict situation can arise: a. When an employee, officer, senior manager or Director takes action or has interests that may make it difficult to perform his or her work objectively and effectively, b. The receipt of improper personal benefits by a member of his or her family as a result of oneââ¬â¢s position in the Company, c. Any outside business activity that detracts an individualââ¬â¢s ability to devote appropriate time and attention to his or her responsibilities with the Company, d. The receipt of non-nominal gifts or excessive entertainment from any person/company with which the Company has current or prospective business dealings, e. Any significant ownership interest in any supplier, customer, development partner or competitor of the Company, f. Any consulting or employment relationship with any supplier, customer, business associate or competitor of the Company. 4. TRANSPARENCY: The Directors and the Senior Management are to ensure that their action/s in the conduct of business are transparent, except where the confidentiality of the business requires otherwise. Such transparency shall be brought through appropriate policies, procedures, and maintaining supporting and proper records. 5. FAIR DEALING: Each director, member of core management team, officer, and employee should deal fairly with customers, suppliers, competitors, and employees of group companies. They should not take unfair advantage of anyone through manipulation, concealment, abuse of confidential, proprietary or trade secret information, misrepresentation of material facts, or any other unfair dealing-practices. 6. HONEST AND ETHICAL CONDUCT: The Directors, senior management, officers and employees shall act in accordance with the highest standards of personal and professional integrity, honesty and ethical conduct not only on Companyââ¬â¢s premises andà offsite but also at company sponsored business, social events as well as any places. They shall act and conduct free from fraud and deception. Their conduct shall conform to the best-accepted professional standards of conduct. 7. CORPORATE OPPORTUNITIES: Directors, senior management, officers and employees owe a duty to the Company to advance its legitimate interests when the opportunity to do so arises. Directors, senior management, officers, and employees are expressly prohibited from: a. Taking for themselves personally, opportunities that are discovered through the use of Companyââ¬â¢s property, information, or position, b. Competing directly with the business of the Company or with any business that the Company is considering. Using Companyââ¬â¢s property, information, or position for personal gain. If the Company has finally decided not to pursue an opportunity that relates to the Companyââ¬â¢s business activity, he/she may pursue such activity only after disclosing the same to the Board of directors or the nominated person/committee. 8. BUSINESS INTEGRITY: The Directors and the Senior Management are to ensure that the Company carries out its business as per accepted practices of business integrity, ethical standards, fair play and conduct, honestly, legitimately and as a fair competitor. 9. WORK PLACE: The Directors and the Senior Management are to ensure that there is gender friendly work place, equal opportunities are given to men and women, and there exists good employment practices. 1 0. QUALITY OF PRODUCTS/SERVICES: The Directors and the Senior Management are to endeavor that the products / services of the Company meet the accepted standards of quality including that of ISO 9001 and any other standard/s, and also the specifications of the legal authorities/laws so that customer satisfaction is ensured. Moreover costs are kept reasonable. 11. PROTECTION AND PROPER USE OF COMPANYââ¬â¢S ASSETS: The Directors and the Senior Management are to ensure to protect Companyââ¬â¢s assets and property and the same should be used only for legitimate businessà purposes. 12. CONFIDENTIALITY: The Directors, Senior Management, Officers and Employees shall maintain the confidentiality of confidential information of the Company or that of any customer, supplier or business associate of the Company to which Company has a duty to maintain confidentiality, except when disclosure is authorized or legally mandated. The Confidential information includes all non-public information (including private, proprietary, and other) that might be of use to competitors or harmful to the Company or its associates. The use of confidential information for his/her own advantage or profit is also prohibited. 13. COMPLIANCE WITH LAWS, RULES, AND REGULATIONS: T he Directors, senior management, officers and employees shall comply with all applicable laws, rules, and regulations. Transactions, directly or indirectly, involving securities of the Company should not be undertaken without pre-clearance from the Companyââ¬â¢s compliance officer/Company Secretary. Any Director, member of core management team, officer or employee who is unfamiliar or uncertain about the legal rules involving Company business conducted by him/her should consult the legal department of the Company before taking any action that may jeopardize the Company or that individual. 14. RELATIONSHIP WITH CUSTOMERS AND SUPPLIERS: The Directors and the Senior Management are to endeavor that their dealings with the customers are given due importance, value is created and relationship of trust is built. In dealing with suppliers it should be the endeavor that supplies are based on need, quality, service, price, and appropriate terms and conditions. 15. SHAREHOLDERS: The Directors and the Senior Management are to ensure that the rights of shareholders are met as per law and good corporate practices, and all efforts are made to provide best services to them. 16. COMMUNITY ACTIVITIES: The Directors and the Senior Management are to endeavor that the Company be a trusted corporate citizen and, as an integral part of the Society, fulfills its responsibilities and duties to the societies and communities in which ità operates. 17. CODE OF ETHICS FOR CHIEF FINANCE OFFICER: Honesty, integrity and sound judgment of the senior financial officers is fundamental for the success and reputation of Action Construction Equipment Limited. The professional and ethical conduct of the senior financial officers is essential to the proper functioning of the Company. The senior finance officers as well as Directors of the Company shall be bound by the following code of ethics: 1. Act with honesty and integrity, including the ethical handling of actual or apparent conflicts of interest between personal, financial and professional relationships, 2. Make full, fair, accurate, timely, and understandable disclosure in reports and documents that the Company files with, or submits or makes periodically, to the shareholders, government authorities, and to the public, 3. Comply with governmental laws, rules, notifications and regulations applicable to the Companyââ¬â¢s business, 4. Disclose to the Board or any committee/officer designated by the Board for this purpose, any material transaction or relationship that reasonably could be expected to give rise to any violations of the code including actual or apparent conflicts with the interests of the company, 5. Promote prompt reporting of violations of the Code of Ethics to the Board of Directors or any person/committee designated for this purpose, as may be necessary, 6. Respect the confidentiality of information acquired in the course of employment unless legally obliged to disclose and ensure that no such confidential information is used for personal advantage/benefit, 7. Maintain the skills necessary and relevant to the Companyââ¬â¢s needs, 8. Act in good faith, responsibility, with due care, competence and diligence without misrepresenting material facts, 9. Refrain from any inappropriate or undue influence of any kind in all dealings with independent auditors, and avoid any actual or apparent conflicts with analysts, 10. Achieve responsible use of and control over all assets and resources employed or entrusted to them, 11. Promote ethical and honest behavior within the Company and its associates, Chief Finance Officer should adhere to both the code of business conduct and the code of ethics of the Company. Violation of the code of ethics will lead to appropriate disciplinary action including dismissal from the services of the Company anyà deviation/waiver from this code can only be affected on the sole and absolute discretionary authority of the Board or any person/committee designated by the Board for this purpose. 18. INTERPRETATION OF CODE: Any question or interpretation under this Code of Ethics and Business Conduct will be handled by the Board or any person /committee authorized by the Board of the Company. The Board of Directors or any designated person/committee has the authority to waive compliance with this Code of business conduct for any Director, member of core management team, officer or employee of the Company. The person-seeking waiver of this Code shall make full disclosure of the particular circumstances to the Board or the designated person/ committee 19. COMPLIANCE WITH THE CODE OF CONDUCT: Compliance with this Code of Conduct is an obligation. The Directors and the Senior Management are to ensure that this Code is communicated to, and understood and observed by all employees. The Directors and the Senior Management shall affirm compliance with the Code, on an annual basis. The Board expects employees to bring to their attention, or to that of Senior Management, any breach or suspected breach of this Code. Compliance with this Code is subject to the review by the Board and complemented by the Audit Committee of the Board. Any modification/s, amendment/s, or review of this Code shall be done by the Board.
Thursday, August 29, 2019
Marketing Professional Practice Essay Example | Topics and Well Written Essays - 1250 words
Marketing Professional Practice - Essay Example Moreover, Robinson notes that the ââ¬Ëbackground information on volunteers is necessary in order to evaluate their appropriateness for a sports clubââ¬â¢ (Robinson 2010, p.95). These issues have to be taken into consideration by HR managers in sports clubs when having to evaluate the suitability and the potentials of volunteers in regard to a particular role. In general, one of the issues that are of critical importance in regard to volunteer turnover is the budget involved. In the case under examination, even if volunteers are not compensated at the same level as ordinary employees, still the costs related to their daily involvement in the clubââ¬â¢s activities are high, taking into consideration the clubââ¬â¢s daily profits. Reference is made specifically to the funds required for the volunteerââ¬â¢s daily salary but also the funds necessary for the volunteersââ¬â¢ daily food and transportation from home to the club and vice versa. This cost is covered entirely by the club. Therefore, the first issue that needs to be taken into consideration when planning the exit of certain volunteers is the ability of the club to keep a particular number of volunteers. According to its current performance, the club is able to keep just the 60% of its volunteers. The interview planned for evaluating the current value of volunteers, in regard to their contribution in the clubââ¬â¢s daily performance, should address the following issues: a) the age and demographics of volunteers; only volunteers that are required for the development of the clubââ¬â¢s critical operations should remain in the organization; for example, younger volunteers would be more necessary compared to older volunteers, especially if the tasks involved are quite demanding in terms of physical capabilities; b) the experience of volunteers in similar tasks is important for deciding the continuation of their cooperation with the organization; for example, volunteers that have worked in s ports club should be preferred by other volunteers that do not have such experience; c) the potential acceptance of a lower salary would be also an issue that should be addressed in the interviews; volunteers that could accept a reduction of salary, even low, i.e. about 10%, would be preferred, since in this way the organizationââ¬â¢s daily costs would be significantly decreased; of course, the other issues, addressed through the interview, should be also taken into consideration for deciding the firing of a volunteer; d) the last issue that should be necessarily addressed in the interviews would be the time constraints of volunteers, meaning especially the social life and the other activities of each volunteer; for example, volunteers that do not have a second job would be preferred compared to volunteers that have to plan their time daily for responding to the needs of two jobs. 2. Given the financial difficulty faced by many non-profit organizations today discuss the opportuni ty of using social media. How can non-profit organisations use Facebook and other social media? Social media can be used for improving the communication between organizations and their customers. In non-profit organizations, the social media can play a similar role, helping to increase trust between the organizations
Wednesday, August 28, 2019
Individual report 1 Essay Example | Topics and Well Written Essays - 500 words
Individual report 1 - Essay Example I also looked at the systems for supporting decision making, and in particular, I looked the DSS system and how it is used in the company. This information was retrieved from prior reviewed books and from the internet. The main challenge faced throughout the research period is getting time to go through the books in order to get the information. With the tight schedule at the University, it was somewhat challenging to go through all the available books that are related to this study. This would have further improved on the report. Another challenge that I faced when writing the report is; not knowing where to begin from. This is because, there is a lot of information on the topic and picking out the most crucial and relevant information was giving me some challenges. It was crucial that I do not lose focus in the specific area of attention in order to make sure that the whole report has a clear flow of ideas so that the readers do not get confused. In future I plan to reduce and even overcome these challenges by taking a number of steps. To begin with, proper planning will be crucial in the success of any future project. This is by allocating a time in a day to complete a section at a time. This will help me be able to balance all my class assignments. The second step of overcoming the challenges is to read and understand the requirements of an assignment. This will make sure that when I gather information, I do so with an aim of getting certain information. This will save on time and will reduce the risk of getting confused. This is because, instead of gathering a pool of general information about a topic, I will be able to only gather information that is relevant to the question asked under a topic. Finally, time management will be crucial; this is by starting on an assignment immediately other than assuming that there is plenty of time to do it. This will help me deal with any unexpected issue that may arise while working o n a paper. This
Tuesday, August 27, 2019
Summaries Assignment Example | Topics and Well Written Essays - 750 words - 1
Summaries - Assignment Example The sunject matter must have been significant to induce interest and evidence is necessary ti establish credibility into critical thinking because only truth can attract critical thinking. Understanding relationships between historical events and insights into moral judgment over the events are also significant to a critical approach to understanding history. These features therefore facilitate historical thinking and its significance. 3. Challenges facing teachers of history identify another salient feature of the reading and includes need for many sources, framing history in a complex way and dealing with many alternative perspective. The need to overcome the challenge towards historical thinking makes it important. The scope also establishes a base for promoting history should teachers overcome the challenges. 4. The need to differentiate history from the past, as a way to introduce history to students is another salient idea in the reading. Organized nature of history, unlike the past, is likely to capture studentsââ¬â¢ interest and help them become historical thinkers. The most interesting passage in the reading is the introductory dialogue among Tony, his wife, and his son. Each of the parties holds positions that allows the reader to identify the need for an in-depth understanding of history, not just presented facts. I also believe that the passage develops interest into the readingââ¬â¢s theme of historical thinking. The readingââ¬â¢s title develops a theme of offering an introduction to historical thinking and its illustration and topics achieves this. by completing the reading, the audience develops background information of historical thinking and interest in it. 1. One of the readingââ¬â¢s salient ideas is the peaceful independence process for Canada. The reading explains that the colonial authority voluntarily ceded their authority over Canada to the Natives in a bid to prevent external
Monday, August 26, 2019
Statistics for managers class discussion wk12 Coursework
Statistics for managers class discussion wk12 - Coursework Example Statistical process control is used when we are interested with the effectiveness of a production process. This is because the method uses statistical formulas to predict the suitability of the production process to meet the required standards of consumers. If the number of defectives is higher than stipulated figure, then the process is considered ineffective. If we are more interested with the likelihood of goods produced meeting the threshold of consumer standards, then acceptance sampling is the best method. It uses sampling methods to predict percentage of defective goods. If the extrapolated results do not reflect the minimum specification of defectives, then the whole batch of goods is rejected. It is a faster quality control method. Acceptance sampling involves rejecting or accepting a whole population of goods based on results obtained from a sample. Inspecting a sample is faster than inspecting several samples or a whole population of
Sunday, August 25, 2019
Hospitality Management Essay Example | Topics and Well Written Essays - 500 words - 12
Hospitality Management - Essay Example The other important thing that I have learnt from this course is that managers have a very important role to foster organizational commitment among the members of the company. This significantly helps the members to identify with the company. There are various steps that can be taken in order to create commitment among the employees. It is important to motivate them as well as to create a flexible working environment where they are also in a position to fulfil their work-life goals. In the hospitality industry, the employees need to be motivated so that they can create an identity with the company they work for. This also helps to improve their performance. The other thing that I have acquired from this course is related to the aspect of emotional intelligence. Emotional intelligence is just the same as internal motivation towards your own work. If you work in the hospitality industry, you ought to have internal motivation so that you can also be in a position to set your own goals in relation to your work. As individuals, we all have our own goals and aspirations to achieve to achieve at our workplace as well as personal goals. A fine balance between the two should be created so that we can develop that internal motivation that helps us to put more effort in our operations. I have also learnt that personal values are very important when operating in the hospitality industry. These are comprised of beliefs which shape our behaviour in the workplace. When dealing with other people especially in the hospitality industry, it is essential to be honest and truthful. I have realised that this personal value helps to create mutual trust with the clients. I have also noted that responsibility is another personal value that should always shape our behaviour in the hospitality industry since we should all be accountable for our actions. Above all, teamwork is very important in the hospitality industry. Through teamwork, members are
Saturday, August 24, 2019
Theory on selected topics Essay Example | Topics and Well Written Essays - 1500 words
Theory on selected topics - Essay Example These products are usually categorized according to their characteristics of market growth rate and market share. A typical BCG matrix is shown in the figure below: As we all know that McDonaldââ¬â¢s Corporation is made up of world-wide business, such as McDonaldââ¬â¢s USA, McDonaldââ¬â¢s Europe, McDonaldââ¬â¢s Asia and McDonaldââ¬â¢s America. We are going to use the lens of BCG matrix to determine the position of each of these businesses in a BCG matrix for McDonaldââ¬â¢s Corporation. (QuickMBA, 2009) STARS: Stars are those products that have a large market share in a rapidly growing industry. In simple words, these are successful products that need continuous investment to maintain their dominating position in the market. According to the statistics given in McDonaldââ¬â¢s Corporationââ¬â¢s annual report, McDonaldââ¬â¢s USA is a star. It has a high market share in the market which is booming rapidly. However, due to increased competition in the market, McDonaldââ¬â¢s Corporation should invest in McDonaldââ¬â¢s USA heavily, so that they do not lose out market share to other competitors like Burger King or KFC. (Daft, 1997). A question-mark is a business that has low-market share in the rapidly growing industry. In order to increase the market share, the business will need more and more resources. However, it is not guaranteed that the business has enough potential to become a start. In the case of McDonaldââ¬â¢s corporation, McDonaldââ¬â¢s Europe falls under the category of a BCG Matrix ââ¬Å"Question Markâ⬠. McDonaldââ¬â¢s Europe has found it tough to break into the food industry which is already congested with various firms in the industry. The culture diversification in the different parts of Europe has also resulted in low-demands and cash returns for McDonaldââ¬â¢s Europe, making it a question mark. The only way to cure the problem is that McDonald should carry out a market research to find out what people
Friday, August 23, 2019
International Business Essay Example | Topics and Well Written Essays - 500 words - 10
International Business - Essay Example al flaws of the gold standards during the world war one and policy responses by various economies that led to unpredictable international monetary contraction and deflation. In essence, the tying of countriesââ¬â¢ money to gold is noted as directly responsible for the onset of the great depression, for example, Hubbard (1991) notes that countries which abandoned the gold standards earlier enough recovered from the great depression comparative to those that remained on gold. Hubbard, (1991) attributes the collapse of the gold standard to its mismanagement by global financial stakeholders during the interwar period most specifically, the 1920s and the 1930s. They establish that after the World War I, the redrawing of international boundaries limited free circulation of both real bills and consumer goods leading to the distortion of the gold standards. This led to the scuttling of the bill market and the ultimate government control of foreign trade in consumer goods favored due to political rather than economic interests thereby leading to a large scale collapse of the gold standards. According to Hubbard, (1991), the gold standard also collapsed as a result of sabotage by countries during the interwar period rather than the general belief that it collapsed due to its inner contradictions. Additionally, banking panics in the 1939s initiated by deflation which was imposed by the gold standard interfered with the normal flows of credit thereby negatively af fecting the performance of the real economy. Researches indicate that there have been repeated calls for policy considerations for a return to the gold standard due to the growing disillusionment with the presently favored politically controlled monetary policy. The case presented by proponents is that budget deficits and massive federal borrowings would be difficult to finance under the gold standard. They note that at present, the paper money system poses a number of problems hence various treasuries and
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