Wednesday, February 26, 2020

Old Order Amish (in the United States) Essay Example | Topics and Well Written Essays - 2500 words

Old Order Amish (in the United States) - Essay Example In fact the history of the community can be traced back in 1700. According to a relevant report â€Å"the first Amish, so named for Jakob Ammann, arrived in Lancaster County and nearby Berks and Chester counties in the early 1700s to take part in William Penn’s "Holy Experiment" of religious freedom; originally called Anabaptists, they came to America from Europe to escape religious persecution by both Protestants and Catholics; the county is now home to three Anabaptist groups called the Amish, Mennonite and Brethren† [2]. The conflict with other religious ‘teams’ like Protestants and Catholics has been intensive since the appearance of the particular religion. These conflicts have led the community to follow a particular code of life away from the centres of ‘civilization’ as the big cities around the world can be characterized. At a next level, in order to keep their traditions, the members of the community followed a particular ‘codeà ¢â‚¬â„¢ that differentiates them from other religious ‘teams’. It should be noticed here that because of the many particular characteristics that the way of life of this community presents, it is rather difficult to proceed to a completed presentation of their intervention in modern social ethics. However, it could be possible to investigate their role in the development of particular ideas and styles of life. The settlements of Amish across USA are many. However, â€Å"the leading settlement of the community in Pennsylvania is in Lancaster County; in the Lancaster Plain near Intercourse and Bird in Hand live the House Amish, who, objecting to churches as worldly, worship in houses or barns† (Klees, 1950, 37). The existence of a central point of reference of the community’s life is important for the reservation of the community’s beliefs as they are presented mainly in the

Monday, February 10, 2020

Fed Watch QE End and First Rate Hike Essay Example | Topics and Well Written Essays - 500 words

Fed Watch QE End and First Rate Hike - Essay Example The central bank in effect increases the monetary base. The need for changes in monetary policy arises from a failing policy or one that is not effective in creating the economic impact required. According to the information gathered and the specific economic signs available, chances are high that several hikes will materialize in the year 2015. Considering various studies conducted on the same, 38 respondents that included analysts, money managers, and economists, there looms a possibility of a hike in the rate in 2015. According to the information gathered, the hike will result in steeper interest rate increases in the coming years. The survey indicates that the rates will hike to a high of 3.04% by the end of 2017 (Liesman). When this takes effect, the Feds take a longer time normalizing the rates based on the need for constant review the rates in consideration of the effect they create. The application of an expansionary monetary policy reaches a point of failure when the interest rates on the short-term run towards zero. These explain situations that quantitative easing becomes applicable. Quantitative easing applied during these periods of low-interest rates aids in improving the inflation rate and reducing its effect. Quantitative easing aids in stabilizing inflation and controlling the rate to maintain it within the targeted points of the economy. These are accompanied by the improvement of the economic policies to make the economic policy more effective in helping the central bank take action against deflation. The increased money supply in an economy with less interest affects the money supply. The banks will run low on money to lend and have their reserves risk lowering further due to a high money supply in the market and uncontrolled demand. To reduce these effects, the central bank hikes the rates and mops out the excess liquidity from the market to aid in improving the economic situation. In addition, a high-interest rate reflects a decreased