Anti Fed

In: Historical Events

Submitted By future677
Words 548
Pages 3
In September of 1787, the delegates to the Convention in Philadelphia presented their work to the American public for ratification. The proposed Constitution marked a clear departure from the Articles of Confederation, which had essentially established a federal “league of friendship” between thirteen sovereign and largely independent states. Under the newly proposed plan of government, the union between the states would be strengthened under a national government that derived its authority—at least in part—directly from the American people rather than purely from the state legislatures. And under the new Constitution, the people would be represented equally in the House, regardless of the state in which they lived—unlike the Articles of Confederation, according to which the Continental Congress equally represented the states. In other words, the proposed Constitution would make the United States a nation of one people rather than a loose confederation of states.

The proposed Constitution, and the change it wrought in the nature of the American Union, spawned one of the greatest political debates of all time. In addition to the state ratifying conventions, the debates also took the form of a public conversation, mostly through newspaper editorials, with Anti-federalists on one side objecting to the Constitution, and Federalists on the other supporting it. Writers from both sides tried to persuade the public that precious liberty and self-government, hard-earned during the late Revolution, were at stake in the question.

Anti-federalists such as the Federal Farmer, Centinel, and Brutus argued that the new Constitution would eventually lead to the dissolution of the state governments, the consolidation of the Union into “one great republic” under an unchecked national government, and as a result the loss of free, self-government. Brutus especially believed that in…...

Similar Documents

Criticisms of Fed Reserve

...A large number of criticisms have been leveled against the United States federal reserve system. Conduct a web search on the criticisms about the system. Do you agree with these views? Why or why not? What changes would you recommend to the system? While conducting a web search on criticisms concerning the federal reserve system, I found that most of the articles and encyclopedias included the same critiques. One criticism is the Fed’s inability to stop inflation, indicating that inflation was going up at a faster rate than wages, thus leaving people with overall lower wages. (“US real wages fall at fastest rate in 14 years” http://www.ft.com/cms/s/f269a8f4-c173-11d9-943f-00000e2511c8.html) Another criticism involves the legality of the federal system. As others have already stated, the constitution granted the Congress the authority to coin money and regulate the value of the currency. It doesn’t, as Congressman Ron Paul states, “give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy.” (“Criticism of the Federal Reserve” http://en.wikipedia.org/wiki/Criticism_of_the_Federal_Reserve) The Fed also stirs up controversy based on the fact that they are owned, through stock issuance, by private member banks, who most likely would not work in the interest of the people...

Words: 678 - Pages: 3

The Fed

...FEDERAL RESERVE • In 1913 the Federal Reserve Act was passed, establishing reserve requirements for those commercial banks that chose to become members. • There are 12 Districts across America • It earns most of its income in the form of interest on its holding on US. Government securities as well as providing services to financial institutions. • The income earned is transferred to the Treasury • It regulates commercial banks and conducts monetary policy, adjusting the money supply to achieve full employment and price stability ( low inflation) • Has five major components o Federal Reserve District Banks o Member Banks o Board of Governors o Federal Open Market Committee o Advisory Committees Federal Reserve District Banks • Federal Reserve District Cities: o 1. Boston, Massachusetts o 2. New York, New York (Most important District City) o 3. Philadelphia. Pennsylvania o 4. Cleveland, Ohio o 5. Richmond, Virginia o 6. Atlanta, Georgia o 7. Chicago, Illinois o 8.St. Louis, Missouri o 9. Minneapolis, Minnesota o 10. Kansas City, Kansas o 11. Dallas, Texas o 12. San Francisco, California • Commercial banks that become members must purchase stock in the FED • Each District has 9 members o 6 are elected by member banks in which 3 are professional bankers and 3 are engaged in business o The remaining 3 are appointed by the Board of Governors o All nine directors appoint their Fed district bank president • District banks...

Words: 1233 - Pages: 5

Fed Ex

...Fed EX is the world largest parcel distributor. The company was formed within the United States in the year of 1971. Fed Ex provides companies and consumers throughout the world with a comprehensive variety of transportation services. Fed EX has accomplished a substantial status amongst the world committed companies with 275,000 staff and contractors. The organization motivates the company employees and contractors by having a positive attitude and to focus on safety, which is the utmost ethical and practice measures and required within their communities and consumers. The managers execute the four functions of management to accomplish the administrative objective to keep the company running smoothly ("About FedEx", 2010). Globalization is a process of communicating and uniting among people, governments, and corporations of a diverse nation. This process is established by global trade and investment which is assisted by international technology. FedEx impact on the four functions of globalizations of management is the importance of the environment on ethnicity, economic development, prosperity, political structure, and human well nature involvement around the world (Harris Hartman, 2000). The internal aspect is creating a major impression on the function and operation in management. With increase production of globalization has made the effects more difficult, in commanding additional analysis of universal markets. As well as the process of function of...

Words: 486 - Pages: 2

Fed Reserve

... bank, decides which firms will fail and which firms will survive."  [5] How did JP Morgan get so powerful that the government would provide them with funding to increase their power? No, from the onset, the National Bank system was little more than a federally subsidized profit opportunity. The resulting outrage and scandal would result in a chorus of calls all demanding the same thing:  More government action, a stronger central bank.  What few but the bankers understood is that the government action and stronger central bank subsidies allowed the creation the things the people feared the most:  corruption, monopoly, and central planning of mundane activity and commerce. If anything, the Federal Reserve granted new powers to the National Banks by permitting overseas branches and new types of banking services.  The greatest gift to the bankers, was a virtually unlimited supply of loans when they experience liquidity problems. [5 http://www.undergroundpolitics.com/economy/federal-reserve-history/ Federal Reserve – History and Conspiracy The Fed Reserve is privately owned. Its staff is from Wall Street, banking, and transnational conglomerates and occasionally from academia. Recently we discovered that $101.4 billion was originally secretly funneled through AIG to AIG counterparties - parties that were owed these sums by AIG, which had not collateralized derivative contracts. That is like writing insurance and having no collateral reserves set aside for losing...

Words: 1003 - Pages: 5

Corn Fed vs. Grass Fed

...Corn Fed vs. Grass Fed Have you noticed how there’s an increasingly wider selection of types of beef to be purchased? Which option is healthier? Which one is least expensive? There has been an ongoing dispute over which choice of beef we should be consuming. While both may seem to have their own advantage and disadvantage; ranging from being cost-efficient, to more beneficial nutrients. Both contribute to the eco-system, but in completely different ways. While grass-fed beef is the healthier alternative, it can prove to be a bit pricey, nonetheless, grass-fed beef provide us with more nutrients; they’re higher in Omega-3 fatty acid and vitamin E. Corn-fed beef, on the other hand, is relatively more affordable. The million dollar question should be, it’s affordable, but at what cost? What makes corn-fed beef so much cheaper than grass-fed? Corn-fed cattle go through a process, almost like an assembly line. The first step, the cow and calf live in a cow-calf operation. Here, the cow is artificially inseminated for the sole purpose of reproduction. For the first 6 months, the calf stays with their mother, once they’re old enough they’re taken to a pen, where they’re introduced to corn. To make a long story short, the calf is finally moved into a CAFO (confined animal feeding operation). From this point on, they’re all confined to small caged in areas. These facilities house hundreds, even thousands of farm animals. From this point on their diet is strictly corn, protein...

Words: 967 - Pages: 4

The Flower Fed Buffalo

...The Flower-Fed Buffaloes Explore how either The Flower-Fed Buffaloes (by Vachel Lindsay) or Report to Wordsworth (by Boey Kim Cheng) powerfully conveys feelings about human destruction ? Uses: - Symbols - contrasting visual imagery. - tone In the poem called “The Flower – Fed Buffaloes” written by Vachel Lindsay. The poet uses literally techniques such as visual images, tone and symbols, in order for her to convey a strong image about the human destruction of the natural world. The poet uses visual imagery that opposes one and another, in order for her to create this image of destruction of nature by mankind. At the beginning of the poem, before humans intervened, the countryside was “blooming, tossing” and the “flowers lie low’. These words make nature have an ambiance of calmness, zen, peacefulness and harmony as nature is not disturbed by anything. But this visual image will soon change, as suddenly everything is “swept away by wheat’, meaning that this peacefully countryside is intervened by human activity. This creates an image of nature suddenly being attacked and confronted with mankind and its intentions. The changing of fields into wheat plantation is an example of one of many mankind’s’ intention (this being colonization and industry). The author also uses contracting tone in order for her to convey feelings about human destruction. Like with the visual imagery, the tone of poem is very happy and serene, as nature is free to do whatever...

Words: 482 - Pages: 2

Anti Money

...Anti-Money Laundering Act 2010 2. Definitions.-In this Ordinance, unless there is anything repugnant in the subject or context,- (a) “attachment” means prohibition of transfer, conversion, disposition or movement of property by an order issued under section 8; (c) “CTR” means report on currency transactions exceeding such amount as may be specified by the National Executive Committee; (d) “Court” means the Court specified under section 20 (e) “Director General” means the Director General of FMU appointed under section 6; (f) “financial institutions” includes any institution carrying on any or more of the as listed in section 2(f). (g) “fiscal offence” means an offence punishable under the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Excise Act, 2005, the Customs Act, 1969 (IV of 1969), the Sales Tax Act, 1990 and any other law as the Federal Government may notify in this behalf; (h) “FMU” means the Financial Monitoring Unit established under section 6; (i) “foreign serious offence” means an offence – (i) against the law of a foreign State stated in a certificate issued by, or on behalf of, the government of that foreign State; and (ii) which, had it occurred in Pakistan, would have constituted a predicate offence; (j) “investigating or prosecuting agency” means the National Accountability Bureau (NAB), Federal Investigation Agency (FIA), Anti-Narcotics Force (ANF) or any other law enforcement agency as may be notified by the Federal Government for the...

Words: 2488 - Pages: 10

Anti Fed

...In September of 1787, the delegates to the Convention in Philadelphia presented their work to the American public for ratification. The proposed Constitution marked a clear departure from the Articles of Confederation, which had essentially established a federal “league of friendship” between thirteen sovereign and largely independent states. Under the newly proposed plan of government, the union between the states would be strengthened under a national government that derived its authority—at least in part—directly from the American people rather than purely from the state legislatures. And under the new Constitution, the people would be represented equally in the House, regardless of the state in which they lived—unlike the Articles of Confederation, according to which the Continental Congress equally represented the states. In other words, the proposed Constitution would make the United States a nation of one people rather than a loose confederation of states. The proposed Constitution, and the change it wrought in the nature of the American Union, spawned one of the greatest political debates of all time. In addition to the state ratifying conventions, the debates also took the form of a public conversation, mostly through newspaper editorials, with Anti-federalists on one side objecting to the Constitution, and Federalists on the other supporting it. Writers from both sides tried to persuade the public that precious liberty and self-government, hard-earned during the...

Words: 548 - Pages: 3

Anti Federalism

...Not ratifying the constitution would have been the better choice. Having a federal system where the sates are supreme makes is more beneficial to the people; having a strong central government however, leaves room for domination and control. The federalist supported the constitution and wanted a strong central government. As an anti-federalist the main focus of interest is the protecting the people's rights and limiting government control. Federalist supported the constitution, and wanted immediate ratification. They favored limiting state power, and believed that a strong central government was needed to protect the country. The Federalist's response to the anti-Federalist claim that a Bill of Rights should be introduced was that it would be dangerous. If a right was not listed, what was stopping the government from violating that law? The Federalist figured it would be best if no specific law was listed. Anti-Federalists did not want to ratify the constitution. Most Anti-Federalists believed that a somewhat stronger central government was needed, but for the most part favored a federal system where the states were supreme. Anti-Federalists did not want to ratify the constitution because there was no bill of rights, they wanted the rights of the people to be documented, and limit government power to some degree. The anti-federalist also believed that congress and the executive branch held too much power, and they feared that people of wealth would have the opportunity...

Words: 754 - Pages: 4

Anti-Dumping

...Effects of Anti-dumping Measures A country that is exposed to dumping will benefit from the lower prices. The consumers of the importing country will have a larger consumer surplus since they have access to a larger supply of goods to a lower price. These consumer benefits will be lost when the importing country imposes an antidumping measure on the low-price imports. When the duties are levied on the imports the products will have the same price-level in both domestic and foreign market. When the price is increased in the foreign market the supply will decrease and the producers have to comply with an inefficient low level of output. The consumers in the importing country have to pay a higher price for the products and have less consumer surplus. Other customers will not pay the higher price and are driven out of the market, which leads to a dead-weight social cost (Howse & Trebilcock, 1995). Imposing an anti-dumping measure will cause all the consumers and industrial user benefits from dumping to disappear. The importing country will drive the dumped products out of the market if the anti-dumping duties are high enough, or the product might remain in the market at higher prices. If the dumped products leave the market, the domestic firms are able to raise their prices due to lesser competition. If an anti-dumping measure is introduced in a market where the domestic industry is composed of only one producer, it might lead to that producer charging...

Words: 543 - Pages: 3

Bottle Fed

...Bottle Fed By Jon R Conibear I Giardia is an infection of the small intestine caused by a microscopic organism (protozoa), Symptoms: Abdominal pain; Diarrhea; Gas or bloating; Headache; Loss of appetite; Low-grade fever; Nausea; life-threatening if untreated. Mode of Transmision; Waterborne. Cholera is an infection of the large intestine caused by a microscopic organism (Vibrio cholera), Symptoms: Diarria, dehydration; life threatening if untreated. Mode of Transportation; Waterborne. Dysentery is a microscopic gastro-intestinal Entamoeba histolitica amoeba (Shingella dysenteriae bacteria), Symptoms; severe, often bloody diarrhea, vomiting, fever; life-threatening if untreated. Mode of Transmission; food/waterborne Cryptosporidiosis is a microscopic gastro-intestinal parasite (Cryptosporidium parvum protozoa), Symptoms; severe diarrhea; will cause death if immune system is impaired. Mode of Transportation; waterborne; resists chlorine; ozonation process is highly effective. These diseases are microscopic with funky names...

Words: 802 - Pages: 4

Fed Up

...ChangHao Yang Prof. Currey English 1301 81029 2 Nov 2014 Fed up The movie Fed Up discusses the issue that American eats too much currently in today’s society. According to the movie, the spread of obesity in America become a seriously problem. The movies also states the food industry in America is playing a bad role for provide us unhealthy food to make better profit. The obesity epidemic in America has occurred mostly in the past 20 years. The movie also states the 1/3 percentage of American will develop diabetes if current trends continue. The construction of the movie is straightforward, easy to follow and interesting. It posits the assertion that the for the last few decades, we’ve basically been fed poison in the form of sugar, on a mass scale, with a mass PR cover up to prevent the dire reality of our diet from coming to light. Let’s establish some basic facts. Half of us are overweight. One-third of us are obese. About a third of us are expected to have diabetes within the next 20 years. If the prospect of 100 million Americans with diabetes. Soechtig cuts the film together into a seamless and logical narrative that weaves between the story of the youth subjects and the more clinical and informative interview segments. Fed Up starting with the question of why so many American children are reaching obesity at such a young age, and then investigating that question from their home life, to the food they consume in school, and if/how advertising affects...

Words: 414 - Pages: 2

The Fed

...Samuel Toro POS 1001 Professor Harris The Fed Throughout history, many great nations have risen and fallen. Their policies, laws, and culture dictate whether a nation will fall or flourish. From a consumer culture to a more conservative culture, it plans out the style and ideals of the population as a whole. Mass media also shapes how the population views the world around them; they can make an individual in favor or against a certain issue using techniques to speak to the consumer at a subconscious level. Monetary policy by far is a significant factor in the survival and well being of any nation. It can destroy or exalt any nation through policies that effect how the economy and money interact. Ranging from the Reserve Bank of New Zealand, the Bank of Japan, and the Swiss National Bank to the European Central Bank and the Federal Reserve, these banks were deployed to attend the dire need of keeping monetary value stable; at what ever cost. Though for the best interest, centralized banks have helped and hurt their respective economies in many different ways. “During the nineteenth century and the beginning of the twentieth century, financial panics plagued the nation, leading to bank failures and business bankruptcies that severely disrupted the economy. The failure of the nation's banking system to effectively provide funding to troubled depository institutions contributed significantly to the economy's vulnerability to financial panics” (Fox 1). I will be...

Words: 2303 - Pages: 10

Fed Reserve Key Note

...A MUST READ on FED RESERVE by AYO-IGE.M A monetary control institution of a Nation is often refer to as the central bank or Nation bank. The Bank of England serve as the central bank of the England, Central bank of Nigeria serve as the monetary control of our great nation Nigeria while the Federal Reserve serve as the central bank of United States of America popularly known as the FED RESERVE . Supervision of money supply, adjustment of interest rate, printing and distribution of currency notes and coins which serve as the nation legal tender, lender of last resort, monitoring commercial banks and other financial institutions activities are monopoly power given to central banks. In most advance countries, central banks are design to operate independently in order to protect the institution from political interference, knavery and irascibility . A nation seeking for a prosperous economy growth must have in mind putting inflation under control, low interest rate is requisite and indispensable. A vibrant monetary policies and other policies related to each bureaucracy is the key to economy growth. The monetary institutions primarily control the amount of money in circulation in order to regulate inflation, failure to bring high interest rate under control tend to reduce consumer spending and this will lead to fall in aggregate demand, reduction in aggregate demand (AD) is the root cause of low economic growth and high unemployment In order to carry every loving citizen...

Words: 2158 - Pages: 9

Fed Reserves

... of competing actors intertwined in ICANN processes. Since VeriSign alleges a conspiracy, this team proposes the VeriSign allegations present a pro se violation. There can be no “reason” in justifying conspiracy, accordingly; the opportunity to present evidence arises. Interestingly, the court recognizes the pro se allegation but continues to discuss the cause using the “Rule of Reason”. 2. Should ICANN’s actions be viewed as a horizontal or a vertical restraint of trade? ICANN’s relationship with the US Government is unique. The Clinton Administration called for a third party with inherent knowledge to oversee the registry of domain names. ICANN utilizes various parties from several organizations with interest in internet commerce while operating “in a manner that increases competition and facilitates international participation in its management”. The team determines that ICANN operates under the umbrella of governmental authority and represents more than a trade association with accreditation authority thus allegations of an Anti-Trust violation necessitate review as a vertical restraint. Importantly, the team recognizes that individuals within ICANN could be reviewed horizontally if they were to act outside the scope of ICANN regulation. VeriSign, however, alleges no such action; indeed, VeriSign fails to allege any individuals as conspirators and ICANN’s actions warrant review as a vertical restraint in this action. 3. Does it matter that ICANN’s......

Words: 1081 - Pages: 5