The Twenties and Thirties :: American America History

The Twenties and Thirties The twenties and the thirties were very unusual time periods in American History. In some ways they are alike, but in most ways they are very different. The twenties were a time of fun and partying. This is probably the reason it is called the Roaring Twenties. All of the thirties were known as The Great Depression. It was probably called that because of the stock market collapse and the millions of people without jobs. In the twenties, industry took a very big step. The automotive industry was the largest industry there was. The assembly line made mass production possible, and the industry boomed. Henry Ford's assembly line, located in Detroit, Michigan, was the largest one in the country and possibly in the world. When Ford first started making cars, the only car he made was a black Model-T. Almost everybody in the United States had a car. Three-out-of-four families owned one or more cars. With the assembly line they made a lot more cars in one day than they did before. Instead of paying for the cars with cash, people could now use credit to purchase items. Since most families didn't have the money, they would buy the car with credit and pay off the debt later. The thirties was a bad time for the automotive industry. By now Ford had made a Model-A and had three new colors: tan, purple and black. All of the companies were making more cars than they could sell. Nobody had enough money to buy a car because of all of the banks going under. Millions of people lost whole fortunes. Since no one had the money for a car, the cars were not being sold. This caused a big problem. The dealers were very optimistic. They continued to make cars hoping that sales would go up. The new credit law was a wonderful idea. It allowed people to purchase items like a television or radio. The invention of the radio united the nation. The news that was heard on the radio was heard by everyone that had a radio. It was the best form of entertainment of its time. Soon thereafter, the television was invented. Once again people took advantage of the credit and purchased televisions. The television still did not take place of the radio. The radio was still used for listening to music. Many people were spending more money than they had.

Internal and External Sources of Finance Essay

I will explain the different sources of finance, some of which are internal and external to the Loxford Business unit. I will state the advantages and disadvantages of each of the sources of finance. Loxford Business Unit use both internal and external sources to get money in order to run the Business Unit successfully. Source of Finance Definition Internal or external Advantages Disadvantages Applicable to the Loxford Business Unit Retained Profits An amount of money saved aside from the business earning to be used when necessary. Internal The money doesn’t have to be repaid and there is no interest. Also they are flexible as management -have complete control over how the money is reinvested and what portion is kept rather than paid as dividends. The disadvantages are: There will unhappy shareholders as they will receive lower dividends. Also retained profit is not available for new business as they main aim will be to survive and break even, so therefore they will either make no profit or little profit. The Loxford Business will only use retained profit if the amount is large enough, if not then there will be no need to use the retained profit. Owners Savings Money from the owner’s personal savings. Internal Cheap – because there is no interest that has to be paid. Flexible – the money can be used for whatever reasons the owner please. The disadvantages are: It is risky – as you may waste your money. Not enough money – The money may not be enough. The Loxford Business Unit may use the owners fund if there is enough available however in order for the business to expand successfully the owners fund may not be enough. Overdraft A loan arrangement under which the bank extends credit up to a maximum amount. External Flexible- there when needed, Efficient – allows a business to make essential payments and maintains cash flow. Quick – quick and easy to arrange. Useful temporary cash The disadvantages are: Costs- overdrafts carry interest is often at much higher rates than loans, therefore making it expensive for a business for long-term borrowing. Recall – Unless specified in the terms and conditions, the bank can recall the entire overdraft at any time. This may happen if you fail to make other payments, or if you have broken terms and conditions; though sometimes the banks simply change their policies. They are terms and conditions. The Loxford Business Unit may use an overdraft as its quick process so it will give the business immediate money. Also this type of finance is suitable because the money will be available when needed. Venture Capital Money provided by investors to start up firms. External Willingness -The investors are more willing to invest. Gain information – The investors are a valuable source of information, advice and resources. Value added services – such as mentoring, alliances and advice. Provides funding that a business company needs to expand its business. The disadvantages are: Control- the investors will expect a say in decisions. Long process- It can be a long and complicated process. Lots of paper work required to provide such as a business plan, including financial records. Accounting Fee -The business will have to pay legal accounting fees whether or not they will successful in securing funds. Loxford Business Unit may use a venture capitalist for professional help and advice about achieving the necessary grades although this process will be long and complicated, it will be worth it in the long-term because it mean that students will achieve good grades overall. Bank Loan Borrowing money from the bank over a period of time which is then to be paid back with interest. External Reliability – Loans are very reliable and secure, you are assured the money for the duration of the loan (unless you break terms and conditions). Complicated process- Must have right documentations such as business plan and cash flow forecast. Money will be paid back with interest. A bank loan will be efficient for the Loxford Baines Unit because they will be given a large sum of money, which is to be paid back slowly and in instalments.

Steps Of The Time Management Process - 1072 Words

The project schedule is the tool that conveys what work should be performed, which assets of the association will play out the work and the time spans in which that work should be performed. The project calendar ought to mirror the majority of the work connected with conveying the project on time. Without a full and finish plan, the project director will be not able convey the total exertion, regarding expense and assets, important to convey the venture. When every one of the deliverables of the project have been recognized, undertakings will be performed keeping in mind the end goal to make the deliverables. Planning is the most effortless method for overseeing project time. In this approach, the exercises of the venture are assessed†¦show more content†¦Hence, the project administration group ought to have a reasonable comprehension about the assets assignment keeping in mind the end goal to precisely deal with the project time. 4. Length and Effort Estimation This is one of the key strides in the project planing process. Since evaluations are constantly (length), this progression ought to be finished with a higher precision. For this progression, there are numerous estimation systems set up, so your project ought to choose a fitting one. Once the action assessments are finished, basic way of the venture ought to be distinguished with a specific end goal to decide the aggregate project length. This is one of the key contributions for the project time administration. 5. Development of the Schedule To make an exact schedule, movement arrangement, length of every action and the asset necessities/allotment for every action are the most critical components. 6. Schedule-Plan Control No project can be executed without changes to the first calendar. Along these lines, it is basic to re-design our project plan with progressing changes. Client and Seller, who will mutually deal with this project, will together create courses of events for an expected timetable in light of Seller s project administration system. Any dates, due dates, courses of events or schedules contained in the Anticipated Schedule, in this are estimated and the others won t depend on them forShow MoreRelatedErm 7-Step Process1432 Words   |  6 PagesERM 7-Step Process ERM 7-Step Process According to Harb, Enterprise Risk Management is people, systems and processes working together across the organizations to systematically think about and manage a wide range of risks that could impede achieving organizational objectives/opportunities. 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