Dbq Colonial New England and Chesapeake Regions - 891 Words

DBQ: Colonial New England and Chesapeake Regions The Chesapeake and New England regions were settled by people of English descent, but by 1700, they had become two distinctly different societies. They had evolved so differently, mainly because of the way that the settlers followed their religion, their way of conducting politics and demographics in the colonies. Even though the settlers came from the same homeland: England, each group had its own reasons for coming to the New World and different ideas planned for the colonies. On his way to the New World, aboard the Arabella in 1630, John Winthrop, Puritan leader of the Massachusetts Bay Colony, spoke of the plan that he had in store for the colony. He preached that there would be†¦show more content†¦In the Chesapeake region, the settlers came for entirely different reasons; they didnt come to form a community in the New World, they came looking for gold. Everything in VirginiaÂâ€"the colonist, the politics, and the societyÂâ€"was based on profit, unlike in the New Eng land region, it was an every-man-for-himself society instead of a brotherly community. In History of Virginia, Capitan John Smith wrote that the colonist main reason for coming to the New World was to Â… dig gold, wash gold, refine gold, load goldÂ… Another reason the Chesapeake region was so different from the New England region was because the basis of the settlement was to find gold and ship it back to Mother England, some of the colonist did not plan to stay in the New World either; they were only attracted by the economic benefits. In the Ship List of Emigrants Bound for Virginia, it is reported that the settlers that are coming into the New World are still in allegiance with the Anglican Church and the King. This shows that the colonists are not seeking religious freedom or striving to become a city upon a hill, but rather seeking economic opportunities. Another significant point that arises in the document is that the population of men is about six times that of women; not to mention that the women are listed separate from the men. TheShow MoreRelatedAp Exam Essays1660 Words   |  7 PagesAP Exam Essays 2001-2010 2010 AP Exam Essays 1. In what ways did ideas and values held by Puritans influence the political, economic, and social development of the New England colonies from 1630 through the 1660s? 2. Analyze the political, diplomatic, and military reasons for the United States victory in the Revolutionary War. Confine your answer to the period 1775–1783. 3. Analyze the ways in which controversy over the extension of slavery into western territories contributed to the comingRead MoreDbq Although New England and the Chesapeake Region Were Both Settled Largely by of English Origin, by 1700 the Region Had Evolved Into Two Different Societies. Why Did This Difference in Development Occur?1229 Words   |  5 PagesSeptember 24, 2012 DBQ ESSAY Question: Although New England and the Chesapeake region were both settled largely by of English origin, by 1700 the region had evolved into two different societies. Why did this difference in development occur? Thesis Statement: When talking about New England and the Chesapeake region, you have to consider the differences in motives and geography. Consider economic situations (reasons for settling where they did, reasons why they came to New England in the first place)Read MoreApush Dbqs Essay2248 Words   |  9 Pages2011 DBQ: (Form A) 1. Analyze the international and domestic challenges the United States faced between 1968 and 1974, and evaluate how President Richard Nixon’s administration responded to them. (Form B) 1. Explain the ways that participation in political campaigns and elections in the United States changed between 1815 and 1840, and analyze forces and events that led to these changes. 2010 DBQ: (Form A) 1. In what ways did ideas and values held by Puritans influence the politicalRead MoreBoyer Dbq Teacher Guide10764 Words   |  44 PagesUsing the DBQ Practice Questions from The Enduring Vision, Sixth Edition A Teachers’ Guide Ray Soderholm Minnetonka High School Minnetonka, Minnesota Using the DBQ Practice Questions from The Enduring Vision, 6th Edition A Teachers’ Guide This guide is intended to suggest some possible ways that students may organize essays related to the document-based questions in the Advanced Placement version of The Enduring Vision, 6th Edition, and to provide teachers with some information on each included

Kurt Vonneguts Opinions Expressed in Player Piano, Cats...

Kurt Vonnegut’s Opinions Expressed in Player Piano, Cat’s Cradle, and Slaughterhouse-Five Every so often, a person comes along and encompasses the meaning of a generation. This person will capture everything people want to say, and then word it so well that his or her name becomes legendary. The sixties was an era with many of these people, each with his or her own means of reaching the people. Kurt Vonnegut, Jr., armed with a typewriter and a motive, was amongst those that defined the sixties. Like other notable figures of the sixties, his strong opinions moved the people. Vonnegut’s opinions cover a wide range of topics and address almost all aspects of society. He represented the flower children of the sixties, as he†¦show more content†¦He attended Cornell University from1940 to 1942, and the Carnegie Institute of Technology in 1943. From 1942 to 1945, he served in the United States infantry in Europe during World War II (Ethridge 1-4: 970-971). According to Stanley Schalt’s book Kurt Vonnegut, Jr., Vonnegut was captured at the Battle of the Bulge and then sent to Dresden to work in a factory producing vitamin supplements for pregnant women (n. pag.). He was awarded the Purple Heart for his efforts. Vonnegut then came home, where he continued his college education by attending the University of Chicago from 1945 to 1947. He married Jane Cox in 1945 and eventually fathered three children, their names being Mark, Edith, and Nanette. After the war, he was a Chicago City News Bureau Police Reporter in 1947. Before he became a writer, he also worked with Public Relations for General Electric in Schenectady, New York from 1947 to 1950 (Ethridge 1-4: 970). In 1950, Vonnegut decided to become a writer, with his first novel, Player Piano, being published in 1951. He would later go on to write works such as Canary in a Cat House (1959), Mother Night (1961), Cat’s Cradle (1963), God Bless You, Mr. Rosewater (1965), Slaughterhouse-Five (1969), and Breakfast of Champions (1973). His most renowned work, Slaughterhouse-Five, is as close to an autobiography as he comes. In Slaughterhouse-Five, Vonnegut writes a novel based his experience as a prisoner of war

Microeconomics Chapter 21 Free Essays

Microeconomics Chapter 21 Free Essays Microeconomics Chapter 21: The theory of consumer choice After developing the basic theory of consumer choice, we apply it to three questions about households decisions 1)Do all demand curves slope downward? 2)How do wages affect labour supply? 3)How do interest rates affect households saving? The budget constraint: What the consumer can afford -People consume less than they desire because their spending is constrained or limited by their income Budget constraint: the limit on the consumption bundles that a consumer can afford -The slope of the budget constraint measures the rate at which the consumer can trade one good for the other Preferences: What the consumer wants -The budget constraint is one piece of the analysis: it shows what combination of goods the consumer can afford given his income and the prices of the goods -The consumers’ choice, however, depend not only on his budget constraint but also on his preferences regarding the two goods -The consumer’s preferences are the next piece of our analysis Representing Preferences with Indifference Curves Indifference curve: a curve that shows consumption bundles that give the consumer the same level of satisfaction -The slope at any point on an indifference curve equals the rate at which the consumer is willing to substitute one good for the other Marginal rate of substitution: the rate at which a consumer is willing to trade one good for another Because the indifference curve are not straight lines, the marginal rate of substitution is not the same at all points on a given indifference curve -The rate at which a consumer is willing to trade one good for the other depends on the amounts of the goods he is already consuming -The consumer is equally happy at all points on any given indifference curve, but he prefers some indifference curve to others -A consumer’s set of indifference curves gives a complete ranking of the consumer’s preferences -We can use the indifference curve to rank any two bundles of goods Four propert ies of Indifference curves Property 1: Higher indifference curves are preferred to lower ones. People usually prefer more of something to less of it. This preference of greater quantities is reflected in the indifference curves Property 2: Indifference curves are downward sloping. We will write a custom essay sample on Microeconomics Chapter 21 or any similar topic only for you Order Now The slope of an indifference curve reflects the rate at which the consumer is willing to substitute one good for the other, In most cases, the consumer like both goods. Therefore, if the quantity of one good is reduced, the quantity of the other good must increase in order for the consumer to be happy Property 3: Indifference curves do not cross. Contradicts our assumption that the consumer always prefers more of both goods to less. Thus, indifference curves cannot cross. (Refer to example) Property 4: Indifference curves are bowed inward. The slope of an indifference curve is marginal rate of substitution-the rate at which the consumer is willing to tradeoff one good for the other. The MRS usually depends on the amount of each good the consumer is currently consuming. People are more willing to trade away goods that they have in abundance and less willing to trade away goods of which they have little, the indifference curves are bowed inward Two Extreme Examples of Indifference Curves -The shape of an indifference curve tells us about the consumer’s willingness to trade one good for the other -When the goods are easy to sub. For each other, the indifference curve are less bowed; when the goods are hard to sub, the indifference curves are very bowed Perfect Substitute -Because the marginal rate of substitution is constant, the indifference curves are straight lines – In this extreme case of straight indifference curve, we say that they two goods are perfect subs. Perfect Complements The indifference curve, therefore are right angles -In this extreme case of right-angle indifference curves, we say that the two goods are perfect complements -Real world- most goods are neither perfect substitutes nor perfect complements but typically, the indifference curves are bowed inward, but not so bowed as to become right angles Optimization: What the consumer chooses -Two necessary pieces for this analysis: the consumerà ¢â‚¬â„¢s budget constraint and the consumer’s preferences- put it together and choose what the consumer should buy The consumer’s optimal choices The consumer must also end up on or below his budget constraint, which measures the total resources available to him -The highest indifference curve that the consumer can reac is the one that just barely touches the budget constraint -The point at which this indifference curve and the budget constraint touch is called the optimum -At the optimum, the slope of the indifference curve equals the slope of the budget constraint – the indifference curve is tangent to the budget constraint -the consumer chooses consumption of the two goods so that the marginal rate of substitution equals to the relative price – the consumer takes as given the relative price of the two goods and then chooses an optimum at which his marginal rate of substitution equals to the relative price -The relative price is the rate at which the ma rket is willing to trade one good for the other, whereas the marginal rate of substitution is the rate at which the consumer is willing to trade one good for the other How changes in Income Affect the consumer’s choices Normal good: a good for which, other things equal, an increase in income leads to an increase in demands Inferior good: A good for which, other things equal, an increase in income leads to a decrease in demand -Although most goods are normal goods, there are some inferior goods in the world How changes in prices affect the consumer’s choice A fall in the price of any good shifts the budget constraint outward Income and substitution effects Income effect: the change in consumption that results when a price change moves the consumer to a higher or lower indifference curve Substitution effect: The change in consumption that results when a price change moves the consumer along a given indifference curve to a point with a new marginal rate of substitution -T he income effect is the change in consumption that results from the movement to a higher indifference curve -The substitution effect is the change in consumption that results from being at a point on an indifference curve with a different marginal rate of substitution Deriving the Demand Curve The demand curve for any good reflects those consumption decisions -A demand curve shows the quantity demanded of a good for any given price -The theory of consumer choice provides the theoretical foundation for the consumer’s demand curve -The theory of consumer choice is, however, very useful in studying various decisions that people make as they go about their lives Three Applications Do All Demand Curves Slope Downward? -Demand curves can sometimes slope upward -Consumers can sometimes violate the law of demand and buy more of a good when the price rises Giffen good: A good for which an increase in the price raises the quantity demanded -Giffen goods are inferior goods for which the income effect dominates the substitution effect- therefore- the demand curve has a slope upwards How do wages affect labour supply? The substitution effect induces Sally to work harder in response to higher wages, which tends to make the labour supply curve slope upwards -The income effect induces her to work less, which tends to make the labour supply curve slope backwards -Economic theory does not give a clear prediction about whether an increase in the wage induces Sally to work more or less -If the sub. effect is greater than the income effect for Sally, she works more -If the income effect is greater than the substitution effect, she works less -The labour supply curve, therefore, could be either upward or backward sloping How do interest rates affect household saving? Substitution effect: when the interest rate rises, consumption when old becomes less costly relative to consumption when young-therefore- consume more wen old and less when young Income effect: when the interest rate rises, he moves to a higher indifference curve. As long as consumption in both periods consists of normal goods, he tends to want to use this increase in well-being to enjoy higher consumption in both periods- income effect induces him to save less -The theory of consumer choice says that an increase in the interest rate could either encourage or discourage savings Conclusion: Do people really think this way? -The theory of consumer choice does not try to present a literal account of how people make decisions -The theory of consumer choice tries to describe this implicit, psychological process in a way that permits explicit, economic analysis -Test of theory is in the application How to cite Microeconomics Chapter 21, Essay examples

Microeconomics Chapter 21 Free Essays

Microeconomics Chapter 21 Free Essays Microeconomics Chapter 21: The theory of consumer choice After developing the basic theory of consumer choice, we apply it to three questions about households decisions 1)Do all demand curves slope downward? 2)How do wages affect labour supply? 3)How do interest rates affect households saving? The budget constraint: What the consumer can afford -People consume less than they desire because their spending is constrained or limited by their income Budget constraint: the limit on the consumption bundles that a consumer can afford -The slope of the budget constraint measures the rate at which the consumer can trade one good for the other Preferences: What the consumer wants -The budget constraint is one piece of the analysis: it shows what combination of goods the consumer can afford given his income and the prices of the goods -The consumers’ choice, however, depend not only on his budget constraint but also on his preferences regarding the two goods -The consumer’s preferences are the next piece of our analysis Representing Preferences with Indifference Curves Indifference curve: a curve that shows consumption bundles that give the consumer the same level of satisfaction -The slope at any point on an indifference curve equals the rate at which the consumer is willing to substitute one good for the other Marginal rate of substitution: the rate at which a consumer is willing to trade one good for another Because the indifference curve are not straight lines, the marginal rate of substitution is not the same at all points on a given indifference curve -The rate at which a consumer is willing to trade one good for the other depends on the amounts of the goods he is already consuming -The consumer is equally happy at all points on any given indifference curve, but he prefers some indifference curve to others -A consumer’s set of indifference curves gives a complete ranking of the consumer’s preferences -We can use the indifference curve to rank any two bundles of goods Four propert ies of Indifference curves Property 1: Higher indifference curves are preferred to lower ones. People usually prefer more of something to less of it. This preference of greater quantities is reflected in the indifference curves Property 2: Indifference curves are downward sloping. We will write a custom essay sample on Microeconomics Chapter 21 or any similar topic only for you Order Now The slope of an indifference curve reflects the rate at which the consumer is willing to substitute one good for the other, In most cases, the consumer like both goods. Therefore, if the quantity of one good is reduced, the quantity of the other good must increase in order for the consumer to be happy Property 3: Indifference curves do not cross. Contradicts our assumption that the consumer always prefers more of both goods to less. Thus, indifference curves cannot cross. (Refer to example) Property 4: Indifference curves are bowed inward. The slope of an indifference curve is marginal rate of substitution-the rate at which the consumer is willing to tradeoff one good for the other. The MRS usually depends on the amount of each good the consumer is currently consuming. People are more willing to trade away goods that they have in abundance and less willing to trade away goods of which they have little, the indifference curves are bowed inward Two Extreme Examples of Indifference Curves -The shape of an indifference curve tells us about the consumer’s willingness to trade one good for the other -When the goods are easy to sub. For each other, the indifference curve are less bowed; when the goods are hard to sub, the indifference curves are very bowed Perfect Substitute -Because the marginal rate of substitution is constant, the indifference curves are straight lines – In this extreme case of straight indifference curve, we say that they two goods are perfect subs. Perfect Complements The indifference curve, therefore are right angles -In this extreme case of right-angle indifference curves, we say that the two goods are perfect complements -Real world- most goods are neither perfect substitutes nor perfect complements but typically, the indifference curves are bowed inward, but not so bowed as to become right angles Optimization: What the consumer chooses -Two necessary pieces for this analysis: the consumerà ¢â‚¬â„¢s budget constraint and the consumer’s preferences- put it together and choose what the consumer should buy The consumer’s optimal choices The consumer must also end up on or below his budget constraint, which measures the total resources available to him -The highest indifference curve that the consumer can reac is the one that just barely touches the budget constraint -The point at which this indifference curve and the budget constraint touch is called the optimum -At the optimum, the slope of the indifference curve equals the slope of the budget constraint – the indifference curve is tangent to the budget constraint -the consumer chooses consumption of the two goods so that the marginal rate of substitution equals to the relative price – the consumer takes as given the relative price of the two goods and then chooses an optimum at which his marginal rate of substitution equals to the relative price -The relative price is the rate at which the ma rket is willing to trade one good for the other, whereas the marginal rate of substitution is the rate at which the consumer is willing to trade one good for the other How changes in Income Affect the consumer’s choices Normal good: a good for which, other things equal, an increase in income leads to an increase in demands Inferior good: A good for which, other things equal, an increase in income leads to a decrease in demand -Although most goods are normal goods, there are some inferior goods in the world How changes in prices affect the consumer’s choice A fall in the price of any good shifts the budget constraint outward Income and substitution effects Income effect: the change in consumption that results when a price change moves the consumer to a higher or lower indifference curve Substitution effect: The change in consumption that results when a price change moves the consumer along a given indifference curve to a point with a new marginal rate of substitution -T he income effect is the change in consumption that results from the movement to a higher indifference curve -The substitution effect is the change in consumption that results from being at a point on an indifference curve with a different marginal rate of substitution Deriving the Demand Curve The demand curve for any good reflects those consumption decisions -A demand curve shows the quantity demanded of a good for any given price -The theory of consumer choice provides the theoretical foundation for the consumer’s demand curve -The theory of consumer choice is, however, very useful in studying various decisions that people make as they go about their lives Three Applications Do All Demand Curves Slope Downward? -Demand curves can sometimes slope upward -Consumers can sometimes violate the law of demand and buy more of a good when the price rises Giffen good: A good for which an increase in the price raises the quantity demanded -Giffen goods are inferior goods for which the income effect dominates the substitution effect- therefore- the demand curve has a slope upwards How do wages affect labour supply? The substitution effect induces Sally to work harder in response to higher wages, which tends to make the labour supply curve slope upwards -The income effect induces her to work less, which tends to make the labour supply curve slope backwards -Economic theory does not give a clear prediction about whether an increase in the wage induces Sally to work more or less -If the sub. effect is greater than the income effect for Sally, she works more -If the income effect is greater than the substitution effect, she works less -The labour supply curve, therefore, could be either upward or backward sloping How do interest rates affect household saving? Substitution effect: when the interest rate rises, consumption when old becomes less costly relative to consumption when young-therefore- consume more wen old and less when young Income effect: when the interest rate rises, he moves to a higher indifference curve. As long as consumption in both periods consists of normal goods, he tends to want to use this increase in well-being to enjoy higher consumption in both periods- income effect induces him to save less -The theory of consumer choice says that an increase in the interest rate could either encourage or discourage savings Conclusion: Do people really think this way? -The theory of consumer choice does not try to present a literal account of how people make decisions -The theory of consumer choice tries to describe this implicit, psychological process in a way that permits explicit, economic analysis -Test of theory is in the application How to cite Microeconomics Chapter 21, Essay examples