Thursday, March 12, 2020
Everything You Need to Know The Great Gatsby Era
Everything You Need to Know The Great Gatsby Era SAT / ACT Prep Online Guides and Tips The Great Gatsby takes place during a time that's now known as the Jazz Age or the Roaring 20s. Wondering what the world was like when Jay Gatsby struck it rich in bootlegging? Curious to see how much Daisy and Myrtle's struggle for more echoes the lives of real women? Interested in the other ways that The Great Gatsbyera matters to the plot of the novel? This article will guide you through the historical, economic, and social movements of the 1920's as they relate to events, themes, and characters in The Great Gatsby. Why DoesThe Great Gatsby EraMatter? Understanding what the world was like during the time the novel is sethelps you in all sorts of ways: Figuring out an author's assumptions. Writers are products of their time, so knowing what they would have assumed to be true makes reading their work richer. For instance, inThe Great Gatsby, it's taken for granted that the Jewish gangster Meyer Wolfshiem would need the WASP-y face of Jay Gatsby to make some of his deals, since Wolfshiem wouldn't have been allowed to join or participate important political and business networks. Getting a deeper grasp of character. To get a really good sense of why characters in the novel do what they do, it's useful to know the specific historical circumstances they are dealing with. For example, it's all well and good to assume that Daisy should leave the boorish Tom, but divorce would have been way more complicated for a woman in the 1920s than it is today. Developing a richer interpretation of symbols, motifs, and themes. Knowing the hot-button issues of the novel's day gives you a good second way to support arguments about the importance of a particular theme, or your reading of the meaning of a symbol. (Of course, the primary support for these arguments should come from the text itself!) Suppose you wanted to analyze the importance of cars in The Great Gatsby. It would help your argument to talk about the sudden skyrocketing prevalence of cars on the road in the 1920s, connecting them to increased danger, status symbol consumerism, and modern life. Historical context: the giant arm propping up the baby that is your argument. When DoesThe Great GatsbyTake Place? The Great Gatsby was published in 1925 and is set in 1922, near the beginning of the decade. (See our article on this novel's publication and reception history for more.) As such, theGreat Gatsby era is theperiod in 20th century U.S. history nicknamed both the ââ¬Å"Roaring 20sâ⬠and the "Jazz Age." The first nickname points toAmerica's post-WWIeconomic prosperity and the country's greater influence abroad. The second nickname refers to this period'schanging social norms and daring artistic movements. Gatsbyis now seen as both a product of and a record of the 1920s. What does this mean? Let's explore. Before The Great Gatsby: WWI and Modernism Although many previous events eventually influenced the 1920s, there are two crucialpieces of background history that you have to know. World War I World War I dramatically affected the United States in the 1920s (and, of course, shaped much of the 20th century all over the world as well). On the one hand, it elevatedthe U.S. into a world super power and ushered in a decade-long economic boom.On the other hand, its horrific death toll and seeming meaninglessness forever dispelled the idea of war as noble and glorious. Abrief recap of what happened. After the assassination of Archduke Franz Ferdinand, the heir of Austro-Hungarian Empire in 1914, Austro-Hungary and its ally Germany declared waragainst Russia. Russian allies France and England were pulled in to defend Russia. The smaller European powers were forced into the war as well, based on whatever alliances they had made in the past.For the first three years, the U.S. remained neutral, instead profiteering from the war by selling supplies toboth sides of the conflict. But, in 1917, the U.S. was pulled into the fighting, fearing an alliance between Germany and Mexico. WWI was a war of trench warfare, chemical weapons, shrapnel artillery, and other gruesome technologies that had never been seen before. When you combine this level of mass destruction with the fact that most of the war was a territorial stalemate (no army advanced, no army withdrew - they were just locked in a horrible tie), it's easy to see how unaccountable the 40 million deaths the war caused were. The survivors of the war - both the veterans and those who came of age during the fighting - were called the Lost Generation. F. Scott Fitzgerald, though he didn't actually see any fighting during his time in the army, was a member of this generation. (See our brief biography of Fitzgerald to learn more.) You should know about WWI (and its aftermath) because: Both Nick Carraway and Jay Gatsby have military backgrounds. Gatsby's early romance with Daisy is heightened by the initial idealism that he was about to go fight in a noble and glorious endeavor. Some of the rumors swirling around Gatsby point to how fresh the war was in everyone's mind (that he was a German spy during the war, or that he is related to Kaiser Wilhelm, who ruled Germany during the war). Modernism and the Lost Generation The war and its devastating after-effects, particularly in Europe, fed into the creation of a new artistic movement: modernism. Modernism was all about breaking with the past. In contrast to 19th century writing that tended to reinforce the status quo, modernism rejected old-fashioned ideas like heroism and moral certitude. Similarly, modernism writers experimented with form and style rather than sticking with traditional forms of prose and poetry. Inspired by the devastation of WWI, writers in The Lost Generationembraced a cynical view of human nature. Fitzgerald himself waspart of a circle of modernists who regularly met inParis (others included Hemingway, Ezra Pound, Sinclair Lewis, and the painters Picasso and Matisse). Fitzgerald wroteThe Great Gatsby while in Paris, surroundedby this group. You can connect modernism withthe novel's descriptions of East Egg and West Egg extravagance. Like his fellow modernists, Fitzgerald was deeply critical of the wealth and capitalist success ushered in by the post-war boom, considering the new obsession with money and status shallow. What trench warfare looked like. Imagine spending weeks in this hole in the ground. The Great Gatsby Era:The Roaring 20s At the time when the novel takes place, the U.S. was in the middle of a tremendous economic boom and a soaring stock market that seemed to be on a permanent upward swing. At the same time, many of the social restrictions of the early 20th century were being rejected, and progressive movements of all kinds were flourishing. Prohibition, Bootlegging,and the Speakeasy Socially progressive activists in both the Democratic and Republican parties united to pressure the government to ban alcohol, which was blamed for all kinds of other social ills like gambling and drug abuse. In 1920, the U.S. passed the 18th Amendment, outlawing the production and sale of alcohol. Of course, this did little to actually stem the desire for alcoholic beverages, so a vast underground criminal empire was born to supply this demand. The production and distributionof alcohol became the province ofbootleggers - the original organized crime syndicates. Selling alcohol was accomplished in many ways, including throughââ¬Å"speakeasiesâ⬠- basically, underground social clubs. Since speakeasies were already side-stepping the law, they also became places where people of different races and genders could mix and mingle in a way they hadnââ¬â¢t previously while enjoying new music like jazz.This marked a shift both in how black culture was understood and appreciated by the rest of the country and in how womenââ¬â¢s rights were progressing, as weââ¬â¢ll discuss in the next sections. If you understand the history of Prohibition, you'll make better sense of some plot and character details inThe Great Gatsby: Gatsby makes his fortune through bootlegging and other criminal activities. Gatsby's business partner Meyer Wolfshiem is a gangster who is affiliated with organized crime and is based on the real-life crime boss Arnold Rothstein, who was indeed responsible for fixing the World Series in 1919. Any time someone isdrinking alcohol in the novel, they are doing something illegal, and are clearly in the know about how to get this banned substance. Gatsbyââ¬â¢s parties have a speakeasy feel in that people from different backgrounds and genders freely mix and mingle. One of the rumors about Gatsby is that he is involved in a bootlegging pipeline of alcohol from Canada - this is a reference to a real-life scandal about one of the places where illegal alcohol was coming from! Police emptying out confiscated barrels of beer into the sewer. Womenââ¬â¢s Rights The 19th Amendment, passed in 1919, officially gave women the right to vote in the United States. Suffrage had been a huge goal of the womenââ¬â¢s movement in the late 19th and early 20th centuries, so this victory caused women to continue to push boundaries and fight for more rights during the 1920s. The ramifications of this were political, economic, and social. Politically, the women's rights movement next took up the cause of the Equal Rights Amendment, which would guarantee equal legal rights for women. The amendment came close to eventually being ratifiedin the 1970s, but was defeated by conservatives. Economically, there was an increase in working women. This began during WWI as more women began to work to make up for the men fighting abroad, and as more professions opened up to them in the men's absence. Societally, divorce became more common. Nevertheless, it was still very much frowned on, and being a housewife and having fewer rights than man was still the norm in the 1920s. Another social development wasthe new ââ¬Å"flapperâ⬠style. This term described women who would wear much less restricting clothing and go out drinking and dancing, which at the time was a huge violation of typical social norms. If you understand this combination of progress and traditionalism for women's roles, you'll find it on display in The GreatGatsby: Daisycontemplates leaving Tom but ultimately decides to stay. Jordan parties and doesnââ¬â¢t seem to be in a hurry to settle down. Myrtle flouts traditional rules by cheating on her husband but is killed by the end of the book, suggesting women are safest when they toe the line. Women's suffrage parade in New York City. Racial and Religious Minority History The post-war boom also had a positive effect on minorities in the U.S. One of the effects was thatJewish Americanswere atthe forefront of promoting such issues as workers rights, civil rights, woman's rights, and other progressive causes. Jews also served in the American military during World War I in very high numbers. At the same time, their prominence gave rise to an anti-Semitic backlash, and the revival of the KKK began with the lynching of a Jewish man in 1915. Another post-WWI developmentwas the Harlem Renaissance, acultural, social, and artistic flowering among African Americans that took place in Harlem, NY, during the 1920s. Artists from that time include W.E.B. DuBois, Langston Hughes, Zora Neale Hurston, Countee Cullen, Louis Armstrong, and Billie Holiday. You can see the effects of these historical development several places in the novel: jazz music is a fixture of Gatsbyââ¬â¢s parties, and almost every song that Fitzgerald describes is a real life piece of music. Nick's love of Manhattan as a diverse melting pot is illustrated by the appearance in Chapter 4 of a car with wealthy black passengers and a white driver. Tom Buchanan's racist rant in Chapter 1 and his fears that the white race will be "overrun" by minorities is based on the backlash that African American advancement occasioned. The novel includes Nick's anti-Semitic description of a Jewish character - Meyer Wolfshiem. There are modern theoriesthatJay Gatsby is may be half blackand that Daisy may actually be Jewish. Zora Neale Hurston and Langston Hughes Automobiles The 1920s saw huge increases in the production and use of automobiles. Almost 1 in 4 people now had a car! This happened because of advances in mass production due to the assembly line, and because of rising incomes due to the economic boom. Car ownership increased mobility between cities and outer suburban areas, which enabled the wealthy to work in one place but live in another. Cars also now created a totally new danger, particularly in combination with alcohol consumption. If you're aware of the newness and attraction of cars, you'll notice that inThe Great Gatsby: The wealthiest characters own cars and use them to commute between Manhattanand Long Island. Cars are clearly used to display wealth and status - even Tom, normally secure in his superiority, wants to brag to George Wilson aboutthesuper-fancy Rolls Royce heborrows from Gatsby. Cars are tools of recklessness, danger, and violence - there are several car accidents in the novel, the most notable of which is when Daisy runs Myrtle over and kills her in Chapter 7. Death machine, or no, you have to admit that's a pretty cool-looking car. The Bottom Line Understanding historical context helps you in all sorts of ways: Figuring out an author's assumptions. Getting a deeper grasp of character. Having a richer interpretation of symbols, motifs, and themes. The Great Gatsby was published in 1925 and is set in 1922, a time nicknamedboth the ââ¬Å"Roaring 20sâ⬠and the "Jazz Age." There are two crucialpieces of background history that you have to know to understand the novel: World War I.Its horrific death toll and seeming meaninglessness forever dispelled the idea of war as noble and glorious.The survivors of the war - both the veterans and those who came of age during the fighting - were called the Lost Generation. Modernism and the Lost Generation.Modernism was all about breaking with the past, experimenting with form and style, andembracing a cynical view of human nature. The Great Gatsbyera was distinguised byan economic boom, the rejection of oldsocial restrictions, and progressive movements of all kinds: Prohibition, Bootlegging,and the Speakeasy.The U.S. bannedalcohol, ushering ina vast underground criminal empire, including speakeasies -underground social clubs. Womenââ¬â¢s Rights.The 19th Amendment gave women the right to vote.Politically, the women's rights movement next took up the cause of the Equal Rights Amendment.Economically, there was an increase in working women.Societally, divorce became more common, and the "flapper" style was born. Racial and Religious Minority History.Jewish Americanswere atthe forefront of promoting progressive causes.Another post-WWI developmentwas the Harlem Renaissance, acultural, social, and artistic flowering among African Americans. Automobiles.Car ownership increased mobility between cities and outer suburban areas, andcreated a totally new danger, particularly in combination with alcohol consumption. Whatââ¬â¢s Next? Learn more about how The Great Gatsby was received when it first came out, and also read about the life ofits author, F. Scott Fitzgerald. Excited to dive in? Check out our articles onGatsbyââ¬â¢s title, its opening pages and epigraph, and itsfirst chapter. Or, zoom out toa summary of The Great Gatsby, along with links to all ourgreat articles analyzing this novel! Want to improve your SAT score by 160 points or your ACT score by 4 points?We've written a guide for each test about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now:
Tuesday, February 25, 2020
Compare and contrast the ideas about human nature in two theorists Essay
Compare and contrast the ideas about human nature in two theorists Hobbes and Locke - Essay Example Hobbes did not share the recognized assumption that man was a social animal by his nature claiming that society could not exist without the power of the state and proper government. Instead, he argued that motivation and particularly self-interest was the central factor that affected behaviour of human beings (Leviathan I 13). Although Hobbes developed a sophisticated system of such motives that included courage, honor, pity, compassion, and other, he strongly believed that self-interest played the key role while the other motives should be treated as supplementary or secondary. Premising from these assumptions, Hobbes developed his famous justification of morality based on self-interested actions (Leviathan I 6). Modern form of this theory, known as 'ethical egoism', postulates that a self-interested action should be regarded as a standard of good (Rachels, 2008). John Locke who had the religious sentiment Hobbes apparently lacked proceeded from the assumption of God's creation of man and, therefore, believed in the natural freedom of human being that included the right to pursue life, health, and property. Also Locke argued that human beings are social animal by nature and societies emerged as a result of the rational efforts of humans taken to protect themselves from adversities of living in the 'state of nature' (Locke, 1990). In other words, Locke believed that humans their natural state mostly kept their promises and obligations, while Hobbes denied any organization in the 'natural' society of men claiming that fear and self-interest were the primary motivators of human behavior. The dissimilarity of human nature views advocated by the two thinkers can further be illustrated by their treatment of political authority and modern nation-state. Legitimacy of authority is one of the fundamental questions in political philosophy. There are multiple issues and controversies involved in this major problem including the meaning of political authority, the distinction between political authority and political power, moral and legal aspects of political authority, and many others. Majority of contemporary political theorists consider that the state has authority in the descriptive sense. This means that the state maintains public order via creating rules and issuing commands that subjects generally obey due to the dominant belief that the state has authority to do so (Hart 1961). Locke and Hobbes explain the origins of such belief in entirely different ways. According to Thomas Hobbes, in prehistoric uncivilized times before any sort of government emerged, there was constant war with "every man, against every man" (Hobbes, 1668, p.12). Consequently, Hobbesian justification of authority logically followed from the total brutality of human beings in their natural state characterized by intolerance: submission to authority was the only way to eliminate the brutality and intolerance of the State of Nature (Hobbes, 1668). By contrast, John Locke believed that the original state of man was not as hostile as Hobbes thought. In Locke's opinion happiness, reason and tolerance were the core characteristics of the natural man, and all humans, in their original state, were equal and absolutely free to pursue things, considered as indisputable rights, namely "life, health, liberty and possessions"
Saturday, February 8, 2020
An argumentative literary analysis on one or more works by a Research Paper
An argumentative literary analysis on one or more works by a particular author or comparative analysis of several works on a sim - Research Paper Example After ââ¬Ëexistingââ¬â¢ in that confused, constricted and compulsion state, individuals including the characters in fictions could undergo self-realization. In those scenarios, self-realization will be like the opening of the ââ¬Ëinner eyeââ¬â¢ of the individual, which will take them on a positive and best path. It can also be considered as a moment, when a big ââ¬Ëconfusion massââ¬â¢ or guilt that may be occupying and constricting an individualââ¬â¢s mind has ââ¬Ëevaporatedââ¬â¢ for good. The confusion in the mind of Oedipus in Oedipus Rex, compulsion for Nora Elmer in A Dollââ¬â¢s House and constriction in the mind of Laura in The Glass Menagerie all get evaporated, when these fictional characters undergo self-realization. So, this paper will analyse how these three characters get entangled in a mess, and after a struggling phase, undergo self-realization, thereby enlightening them with mixed results. 2. Oedipus Rex and Self-Realization Oedipus Rex is about the life and the tragic death of Oedipus who after becoming the King of Thebes, dies a tragic death after undergoing self-realization. Oedipus was born to King Laius of Thebes and Queen Jocasta, but was cared by foster parents, Polybus and Merope, as King Laius feared that the prophecy of being killed by his own son could come true. The prophecy in a way gets actualized when Oedipus due to uncontrollable circumstances kills King Laius without knowing that King Lauis was his biological father, setting the stage for future confusions and self-realizations. The other prophecy of Oedipus marrying his mother also came true, when he married Queen Jocasto on the account of him becoming the king of Thebes, after solving the Sphinx riddle. When he comes to know about these crimes, or immoral acts, he goes into a state of confusion as well as depression, but also at the same time self-realization. That is, he was sure that he can find Laius killers and thereby prevent the onslaught of p lague, but this confidence turned into weakness when he comes to know the profound truth that he is the killer of Lauis. So, when the ââ¬Ërecognitionââ¬â¢ happens, the self-realization also occurs, with Oedipus transforming from a strong king to a weak blind man. He laments, ââ¬Å"I, Oedipus, damned in his birth, in his marriage damned, Damned in the blood he shed with his own handâ⬠(Sophocles 123).The affect this event had on Oedipus as discussed above also bordered on tragedy. On coming to know about the truth and after undergoing self-realization of his crimes and conduct, Oedipus as form of self-justice blinds himself with the golden brooches found on his motherââ¬â¢s dress. He blinds himself, as he did not want to see the miseries that his actions have brought upon him. ââ¬Å"The alternative of suicide is directly before him. He takes up her golden pins...blinds himself. It is Sophocles point that Oedipus sees two possibilities and chooses the harder and more p ainful courseâ⬠(Smith 92). Talking about the pace of the ââ¬Å"recognitionâ⬠, in the case of Oedipus, it happened suddenly. That is, although he wanted to know the real killers of Lauis for a long time, he comes to know about the truth from messengers and Servants, and when he hears the death of Jocasto immediately, he undergoes self-realization, leading to death. ââ¬Å"Salvation becomes annihilation; the tragedy does not take place in the hero's downfall, but rather in the fact that man meets his demise along the very path he took up to escape his demise.ââ¬
Thursday, January 30, 2020
English Language Coursework - Task One and Introduction Essay Example for Free
English Language Coursework Task One and Introduction Essay Task One Robin Lakoff devised a theory of language and gender differences. She believed that women had a greater lexis when describing subjects such as colours where men would have a greater lexis in subjects such as sports. Lakoff also believed that women use more prestige grammar and clear pronunciation with more intensifiers than men. Therefore I have chosen to see whether these patterns occur within boys and girls aged 7-8 to see if they have developed these attributes even at an early age. The audience I feel that would be appropriate to my research are people who work with or study children, A level or university students and people with a general interest of this topic. This is because by working with children you will be keen to pick up new information to help you with your work so you may find some here and an A level student taking English language may look at this for an example. By observing the speech of childrens language I will be able to decide whether there is a difference in gender. People are influenced throughout their lives; they are influenced by things such as their environment, media and social groups. At an early age children are looking towards their families and peers to see how they should act. This shows children are aware upon how to communicate with others, therefore leading the possibility that even at a young age they have the same traits as an adult. The research question I have concluded with is, are language and gender differences apparent within children ages 7-8 as there are in adults? Robin Lakoff stated that there are differences in spoken language between men and women so I have decided to see if children still have these differences. The reason for this is because at such an early age every child is thought of the same and it is hard to see a dominate gender; this was a key issue with early studies of men and women. Robin Lakoff also said women use hypercorrect grammar and pronunciation but since the children are only 7-8 years old they are still learning basic English skills. This means that this point will not apply here since the children are young. I have chosen this topic area because I was not aware that there was a gender difference in language until I was taught it. I have taken a interest in this because men and women are both educated in the same way and thought to be brought up the same so I believed that they would have the same attitude in language. Another reason I have chosen this is because women are seen as the less dominate gender but when I was a child I was not aware of this so I am interested to see if there are signs of this even at such a young age. I expect to find that even at an early age the boys will interrupt more as they tend to be very energetic whereas the girls will be more descriptive in describing an object. Introduction When studying English language I found out that there was gender differences within speech, this took my interest as I believe that women now are equal to men. I felt that some of these differences maybe because of the language men and women use. When researching this topic I found out that Robin Lakoff devised a theory that there are differences between the language of men and women and how males are more dominant speakers than females. This is because females are believed to be less assertive and tend not to interrupt during conversation like men do. This could branch onto discrimination as this a topic seen throughout life and it may give reasons to why females are discriminated more than males since they are not seen as the dominate gender. Another reason why I am doing this because I am interested how we develop our skills when we are young, why we develop them and who influences us on the language we use. I think the way we brought up and the language we are taught to use plays a big role in our society because I feel that each person uses their own distinctive language from each one and another, this is because I could tell a friend from another purely because of the vocabulary and dialect the person uses. Therefore I wanted to look to see if this still applies to boys and girls at a young age where they are seen to be innocent and they would not pick up on these differences. I will do this by talking to children ages 7-8 the same questions and taking down their response. The problem that may arise with this is that some children are more confident than others; this means they will not be as shy with their response as another child would.
Tuesday, January 21, 2020
Awarding Six Medals to the Three Released POW S :: Free Essay Writer
Awarding Six Medals to the Three Released POWS The military has lost its mind by awarding six medals to the three released P.O.W.s. I do not mean to rag on the three troops -- although one did write a "Thank You" note to his prison guards for his swell Motel 6 treatment, but more to the point is the damage such giveaway policies do to our military awards programs. Remember what Napoleon said about awards: "Give me enough ribbon and I will conquer the world." So that all of you have a complete list of the awards the three "heroes" got, I will list them for you: Purple Heart Army Commendation Medal P.O.W. Medal Armed Forces Medal United Nations Medal NATO Medal The Purple Heart is awarded for wounds suffered while in armed combat with an opposing force, for wounds received while in combat "operations" in a combat zone or for wounds received from terrorist acts while in the military. It is also awarded to the next of kin when someone is KIA or dies as the result of wounds received. How can the Pentagon give out Purple Hearts for injuries received that are no worse than those received in a H.S. football game? Yes, they were soldiers; yes, they were on a mission and yes, they were "treated roughly" -- broken noses, cracked ribs, chipped teeth, cuts and abrasions. Is the Army telling me that the same award for being killed, maimed or shot-up in a firefight is the same award for taking a fist to the chops -- "treated roughly"? I propose a new award -- the "Black & Blue Device." It would resemble the old W.W.II ruptured duck or just be a plain Red Cross on a white background the International Sign for First Aid. And by the way, it was the President himself who referred to them as detainees and stated that they "weren't in a war zone." Now they're hailed as conquering heroes and given combat awards for sterling performance in a war zone.
Monday, January 13, 2020
The Chinese Fireworks Industry
THE CHINESE FIREWORKS INDUSTRY ââ¬â REVISED Ruihua Jiang wrote this case under the supervision of Professor Paul W. Beamish solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. Richard Ivey School of Business Foundation prohibits any form of reproduction, storage or transmission without its written permission. Reproduction of this material is not covered under authorization by any reproduction rights organization.To order copies or request permission to reproduce materials, contact Ivey Publishing, Richard Ivey School of Business Foundation, The University of Western Ontario, London, Ontario, Canada, N6A 3K7; phone (519) 661-3208; fax (519) 661-3882; e-mail [emailà protected] uwo. ca. Copyright à © 2011, Richard Ivey School of Business Foundation Version: 2011-09-21 In February 2009, Jerry Yu was spending the Chinese New Year holidays in Liuyang (lee-ou-yang), a city known as ââ¬Å"the home of firecrackers and fireworks,â⬠located in Hunan Province in China.Jerry was an ABC (America-Born-Chinese). With an MBA, he was running a small family-owned chain of gift stores in Brooklyn, New York. Liuyang was his motherââ¬â¢s hometown. During his visit, his relatives invited him to invest in a fireworks factory that was owned by a village. Mr. Yu had been impressed by the extravagant fireworks shows he had seen during the festival; however, he wanted to assess how attractive the Chinese fireworks industry was before he even looked at the financial details of the factory. HISTORY OF FIREWORKS AND FIRECRACKERSFireworks referred to any devices designed to produce visual or audible effects through combustion or explosion. The art of making fireworks was formally known as pyrotechnics. Firecrackers were a specific kind of fireworks, usually in the form of a noisemaking cylinder. Firecrackers were often strung together and fused consecutively, a staple of Chinese New Year celebrations, weddings, grand openings, births, deaths and other ceremonial occasions. The main ingredients of fireworks had remained almost the same over the past thousand years: 75 parts-byweight potassium nitrate, 15 parts charcoal and 0 parts sulfur. It burned briskly when lighted, but did not erupt or make any noise. When it was found that a projectile could be thrust out of a barrel by keeping the powder at one end and igniting it, black powder became known as gunpowder. Today, smokeless powder has replaced black powder as the propellant in modern weaponry, but black powder remains a main ingredient in fireworks, both as a propellant and as a bursting charge. It was generally believed that the Chinese were the first makers of fireworks.The Chinese made war rockets and explosives as early as the sixth century. One legend said that a Chinese cook, while toili ng in a field kitchen, happened to mix together sulfur, charcoal and saltpetre, and noticed that the pile burned with a combustible force when ignited. He further discovered that when these ingredients were enclosed in a length of bamboo sealed at both ends, it would explode rather than burn, producing a loud crack. This was the origin of firecrackers. In fact, the Chinese word for firecrackers ââ¬â bao-zhu ââ¬â literally means ââ¬Å"exploded bamboo. â⬠Page 2 9B11M006The loud reports and burning fires of firecrackers and fireworks were found to be perfect for frightening off evil spirits and celebrating good news at various occasions. For more than a thousand years, the Chinese had been seeing off past years and welcoming in new ones by firing firecrackers. Fireworks made their way first to Arabia in the seventh century, then to Europe sometime in the middle of the 13th century. By the 15th century, fireworks were widely used for religious festivals and public enterta inment. Most of the early pyrotechnicians in Europe were Italians.Even today, the best-known names in the European and American fireworks industry were Italian in origin. From the 16th to the 18th century, Italy and Germany were the two best known areas in the European continent for fireworks displays. In 1777, the United States used fireworks in its first Independence Day celebration, and fireworks have become closely associated with July Fourth celebrations ever since. Up until the 1830s, the colors of the early fireworks were limited, but by 2009, there were six basic colors used in fireworks.LIUYANG ââ¬â THE HOMETOWN OF FIRECRACKERS AND FIREWORKS According to historical records in China, firecrackers and fireworks ââ¬Å"emerged during the Tang dynasty (618-907 AD), flourished during the Song Dynasty (960-1279 AD), and originated in Liuyang. â⬠For more than 1,000 years, Liuyang had been known as the ââ¬Å"hometown of firecrackers and fireworks of China,â⬠a title that was officially conferred to Liuyang by the State Council of China in 1995. As early as 1723, Liuyang fireworks were chosen as official tributes to the imperial family and were sold all over the country.Exports started early: by 1875, firecrackers and fireworks were being shipped to Japan, Korea, India, Iran, Russia, Australia, England, the U. S. , and other countries. In China, the name Liuyang had become almost synonymous with firecrackers and fireworks. Liuyang-made firecrackers and fireworks won numerous awards over its long history of fireworks making. The long history and tradition had made fireworks more than just a livelihood for the Liuyang people. Almost every native person in the area knew something about fireworks making, or had actually made firecrackers or fireworks in their lifetime.As a result, Liuyang claimed an impressive pool of skilled labor. Firecrackers and fireworks had become the pillar industry of Liuyang, accounting for nearly 50 per cent of all jobs o r about one-third of the total population in the Liuyang District (including Liuyang City and the surrounding counties). In 2008, Liuyang claimed 2,702 fireworks manufacturers with an additional 2,144 in the surrounding area. In total, there were 6,458 fireworks producers in China. While there has been some trend towards consolidation in the industry, most factories were still owned either by villages or families.Among them, about a dozen or so were medium to large factories with employment between 100 to 500 workers. The rest were small workshops employing anywhere from 10 to 50 people, depending on market demand. Liuyang was the top fireworks exporter in the world, making up 60 per cent of global production. The trademarked brand ââ¬Å"Red Lanternâ⬠had become well known to fireworks-lovers around the world. China now accounted for 89 per cent of worldwide fireworks exports with the vast majority of that coming from Liuyang.In addition, over the past ten years, China had bec ome the largest market for fireworks. The ratio of domestic use to exports was 6:4, and Chinese imports of fireworks were negligible. Page 3 9B11M006 The increase in demand in the Chinese market had only intensified the competition. All new demand was more than met by the Chinese fireworks industry. Thus, instead of seeing increased margins, the profit margins for many small manufacturers had shrunk over the past decade. In order to make up the difference, manufacturers were cutting corners.However, some of these cost cutting efforts came at the expense of safety. A 2007 factory explosion that left 11 workers dead was blamed primarily on decreased safety standards, which were blamed on a lack of money due to cut throat competition. In response, the government and company officials from Luiyang and surrounding areas agreed to regulate the price of fireworks with the hope of increasing profit margins. With higher profit margins, company officials vowed to increase workers safety. The Product Fireworks could be classified into two categories: display fireworks and consumer fireworks.The display fireworks, such as aerial shells, maroons, and large Roman candles, were meant for professional (usually licensed) pyrotechnicians to fire during large public display shows. They were devices that were designed to produce certain visual or audio effect at a greater height above the ground than the consumer fireworks, which the general public could purchase in convenience stores and enjoy in their own backyards. Display fireworks were known as Explosives 1. 3 (Class B prior to 1991) in the U. S. The consumer fireworks belonged to Explosives 1. 4 (Class C prior to 1991).The difference lay mainly in the amount of explosive components contained in the product. Canada had a similar classification system. In the U. K. , it was more carefully divided into four categories: indoor fireworks; garden fireworks; display fireworks; and display fireworks for professionals only. There we re many varieties of fireworks. Liuyang made 13 different types with more than 3,000 varieties. The major types included fountains, rockets, hand-held novelties, nail and hanging wheels, groundspinning novelties, jumping novelties, floral shells, parachutes and firecrackers.Historically, firecrackers made up 90 per cent of the total production and sales. Over the past 50 years or so, however, there had been a shift away from firecrackers to fireworks. In 2009, firecrackers made up less than 20 per cent of the total sales. The skill levels of fireworks-making had been greatly improved. For instance, the old-day fireworks could reach no more than 20 metres into the sky, while the new ones could go as high as 400 metres. Not much had changed in fireworks-making. Over the last few decades, numerous novelties were added to the fireworks family.However, innovation had never reached beyond product variations. The ingredients had remained more or less the same. The process technology had no t changed much either, although some manual processes, such as cutting the paper, rolling the cylinders, mixing powder, and stringing the cylinders could now be done by machines. Safety Issues The fact that fireworks were made with gunpowder and listed under explosives brought about the issue of safety. Numerous accidents related with fireworks had resulted in tragic human injuries and considerable property damages.As a result, fireworks had become heavily regulated in most countries. Page 4 9B11M006 According to the manufacturers, fireworks were the most dangerous during the production process. Powder mixing and powder filling, in turn, were the two most dangerous procedures. The workers had to abide by strict safety measures. Even a tiny spark caused by the dropping of a tool on the floor or the dragging of a chair could start a major explosion. The quality of the ingredients was also of significant importance. Impure ingredients could greatly increase the possibility of accidents .In Liuyang, almost every year, there would be one or more accidents that resulted in deaths and damages. With an ever increasing number of firms entering the industry, safety was an ongoing concern. Once the fireworks were made, they were relatively safe to transport and store. Even in firing, good quality fireworks rarely caused any problems if everything was done properly. Most of the fireworks-related accidents occurred during private parties or street displays, and quite often involved children playing with fireworks that needed to be handled by adults, or adults firing shells that required professional expertise.Most accidents were linked to consumer backyard events rather than to public displays. According to the United States Consumer Products Safety Commissionââ¬â¢s (CPSC) data, injuries related to fireworks had declined substantially, even though their use had increased (see Exhibit 2). For 2009, there were an estimated 5,244 fireworks-related injuries, 30 per cent of w hich were caused by firecrackers and bottle rockets. Of all the injuries related to firecrackers and fireworks, most were treated in the emergency department. Eight per cent of patients had to be admitted to hospital, and 7 people died due to sustained injuries.Children from ages five to 14 were the most frequently involved in fireworks-related injuries. However, fireworks were not the only consumer product that might cause injuries to this age group. According to a 2008 CPSC Injury Surveillance Report, fireworks were actually safer than swing sets and baseballs. However, fireworks-related injuries were usually the most dramatic and the most widely publicized accidents, which partly explained the fact that fireworks was the only category among the products listed in Exhibit 3, for which prohibition, instead of education and adult supervision, was often urged.In the United States, multiple government agencies were involved in regulating fireworks. The Bureau of Alcohol Tobacco and Fi rearms (BATF) controlled the manufacture, storage, sales and distribution of explosives, i. e. , Class B fireworks. The CPSC regulated Class C consumer fireworks, and the Department of Transportation dealt with the transportation of fireworks. Although at the federal level, fireworks and firecrackers were allowed as long as the safety features were up to the standard, local governments would have their own different regulations regarding fireworks consumption.Out of the 50 states, one would allow only novelty fireworks, 5 had banned all consumer fireworks but allowed professional pyrotechnics, and 4 allowed customers only wire or wood stick sparklers and other novelty items. However, the remaining 40 would allow essentially all consumer fireworks. For display fireworks, permits would have to be obtained from federal and local authorities and fire departments. All legal consumer fireworks offered for sale in the United States had been tested for stability by the Bureau of Explosives and approved for transportation by the U. S. Department of Transportation.Because of the limited amount of pyrotechnic composition permitted in each individual unit, consumer fireworks would not ignite spontaneously during storage, nor would they mass-explode during a fire. Therefore, no special storage was required. In most of Europe, similar regulations were in place for safety considerations, only the requirements were regarded as less stringent. In Canada, however, regulations were extremely restrictive. However, over the past decade Chinese fireworks companies had made great strides in the Canadian market. In 1999, there Page 5 9B11M006 were no Chinese companies allowed to sell fireworks in Canada.By 2009, over 75% of all fireworks imports to Canada were from China. THE FIRECRACKERS AND FIREWORKS INDUSTRY IN CHINA The firecrackers and fireworks industry in China was dominated by small family-owned-and-operated workshops. It was essentially a low-tech, highly labor-intensive ind ustry. After 1949, government-run factories replaced the family-owned workshops. The increased scale and government funds made possible the automation of some processes. However, the key processes like installing powder, mixing color ingredients, and putting in fuses, were still manually done by skilled workers.The factories themselves were made up of small workshops that stood away from each other, so that in case of an accident the whole factory would not explode. For the same safety consideration, the workshops were usually located near a water source and in sparsely populated rural areas, to reduce the noise and explosion hazard. After the reform towards a market economy started in 1979, most of the factories were broken up and became family-run units of production again. It was hoped that this privatization might help to motivate people to increase their productivity and raise output.However, this move also served to restrict further technological innovations. There were hardly any research and development (R&D) facilities, nor human and capital resources allocated to R&D in most fireworks companies. The few resources that were available were all spent on product varieties. Even in Liuyang, out of the 400,000 or so people working in the industry, very few were engineers with advanced professional training. In response, the Hunan and other local governments began initiatives aimed at upgrading the traditional fireworks industry. Substantial amounts of money were spent on R&D.The Liuyang Firecrackers and Fireworks Authority reported that they had spent RMB 2,000 million in projects with the Beijing University of Technology and the Nanjing University of Science. Among these initiatives were environmentally friendly fireworks, which used cold flame fireworks technology. The majority of the manufacturing workers were regular farmers who had learned how to make fireworks just by watching and following their elders. They would come to work in fireworks workshops when there were jobs to be done, and return to till their fields if there were none. In Liuyang, for instance, few factories operated year-round.Most workshops would operate as orders came in. Since the fireworksmaking communities were very concentrated geographically and had lasted for generations, only a few places (like Liuyang) could claim a large pool of skilled fireworks-makers. Although Liuyang was by far the most well-known place for making fireworks in China, it faced increasing competition within the country. Also located in Hunan Province, Liling was another major manufacturing community of fireworks. Liling fireworks did not enjoy the same reputation and variety as Liuyang products, but they were fierce in price competition.In the neighboring Jiangxi Province, Pingxiang and Wanzai fireworks had become strong competitors both in price and quality, especially on the low- and medium-priced market. In the high-end product market, especially in large-type display fireworks a nd export market, Dongguan in Guangdong Province, had taken advantage of its closeness to Hong Kong and more sophisticated management and marketing practices, and snatched market share from Liuyang. By 2009, however, more than one third of all firms and 60 per cent of Chinese production remained in Luiyang.Page 6 9B11M006 The initial capital requirement for starting a fireworks-manufacturing facility was relatively low. To set up a factory with the necessary equipment for making large display shells would require around RMB1,250,000. 1 However, setting up a small family workshop making consumer firecrackers and fireworks would require less than RMB125,000. Consequently, the number of small manufacturers mushroomed after the government started to encourage private business ventures. While labor costs in the area were still low, they were steadily increasing.As a result of Chinese economic growth, wages had almost doubled over the past 5 years. This was in part because many workers we re moving into less dangerous occupations. Skilled workers engaged in major processes would earn an average of RMB1,200 to RMB1,800 per month. A non-skilled worker would be paid only RMB500 to RMB700 every month. In larger factories, labor costs were between 20 and 30 per cent of total costs. The main raw materials for fireworks were gunpowder, color ingredients, paper, fuse and clay soil. None would be difficult to procure.However, because of the growth in the Chinese domestic fireworks market, costs of raw materials were steadily rising. Another possible problem in supply was quality. Major manufacturers would usually establish long-term relationships with their suppliers to guarantee the quality of the materials. The small workshops would often go with the lowest prices, sometimes at the cost of quality, which could lead to fatal results. The number of small companies intensified competition. The private workshops were flexible and quick in responding to market demand. They did n ot entail much administrative cost.Compared to governmentowned or some collectively-owned factories, they did incur the costs of providing health care, retirement benefits and housing. They usually did not do any product research or design. Oblivious to intellectual property protection, they would copy any popular product design and sell it for much less. The resulting price drop had become a serious problem for the whole industry. As the profit margin kept shrinking, some workshops would hire cheap unskilled workers, and use cheap equipment and raw materials to cut down on cost. The results could be disastrous. THE DOMESTIC MARKETFirecrackers and fireworks had long been an integral part of any ceremonies held in China. Until recently, demand had been stable, but had risen in the past three decades because of increased economic development and living standards. Economically, market reform and unprecedented growth had given rise to the daily appearance of multitudes of new companies and new stores. As peopleââ¬â¢s income level and living standards kept rising, fancier and pricier fireworks and firecrackers were desired over the cheap simple firecrackers, thereby creating more profit opportunities for fireworks manufacturers.Almost every household would spend at least a couple of hundred RMB on firecrackers and fireworks during the Spring Festival. However, during the 1990s, increased concerns over environmental pollution and safety of human life and property led more and more cities to regulate the consumption of fireworks and firecrackers. Every year, high profile fireworks-related accidents were reported and emphasized on mass media before and after the traditional Spring Festival. Some articles even condemned firecrackers and fireworks as an old, uncivilized convention that created only noise, pollution and accidents.In a wave of regulations, city after city passed administrative laws regarding the use of fireworks. By 1998, one-third of the cities in Chi na had completely banned the use of firecrackers and fireworks. Another one-third only allowed fireworks in designated places. This led to a decline in domestic market demand. 1 In 2009, the exchange rate was around 6. 60 yuan per US$1. 00. Page 7 9B11M006 However, all this began to change in the mid 2000s. Demand began to soar when Beijing lifted a 12-year ban on fireworks in 2005. Other cities followed suit.In 2005, 106 cities eased restrictions on fireworks; in 2006 another 54 cities eased restrictions. This was followed by 40 cities in 2007 and another 79 cities in 2009. All this lead to an explosion in the Chinese domestic fireworks market. In the meantime, domestic competition grew intensely. The reform towards a market economy made it possible for numerous family-run workshops to appear. They competed mainly on price. Almost every province had some fireworks-making workshops or factories, many set up and run with the help of skilled workers who had migrated from Liuyang.These small establishments usually were located in rural, underdeveloped areas where labor cost was low. The manufacturing was done manually, sometimes without safety measures, using cheap raw materials and simplified techniques. The products were sold locally at low prices, making it difficult for Liuyang fireworks to sell in those areas. To make things worse, these products would often copy any new or popular product designs coming out of Liuyang or other traditional fireworks communities, even using their very brand names. In the past, fireworks were sold through the government-run general merchandise companies.Eventually, private dealers took over a large part of the business. Overall, the distribution system was rather fragmented. The old government-run channels were not very effective, especially for general merchandise. In the new distribution channels, wholesale dealers would get shipments directly from the manufacturers, and then resell to street peddlers and convenience stores. In the countryside, wholesale markets would appear in focal townships, with wholesale dealers and agents of the manufacturers setting up booths promoting their products.Small peddlers in the surrounding areas would get supplies from the market and then sell them in small towns or villages. The wholesale markets in China were important outlets for distributing general merchandise like fireworks. In the display fireworks market, the buyers were often central and local governments, who would purchase the product for public shows on national holidays or special celebrations. Obviously, a local company would have advantages in supplying to local government in its area. Large fireworks shows usually would use invited bidding to decide on suppliers.The amount of fireworks used could range from RMB100,000 to several million yuan, depending on the scale of a fireworks show. Account receivables and bad debt control was a problem not just for fireworks manufacturers, but for all businesses in China. Bad debts and lack of respect for business contracts had created a credit crisis in China. The bad debt problem greatly increased transaction costs, slowed down the cash turnover, and had become a headache for fireworks manufacturers. Some had chosen to withdraw from selling in the domestic market, although the profit margin was higher than in the export market.Legal restrictions, local protectionism, cutthroat price competition, hard-to-penetrate distribution channels and bad debt were impacting negatively on the domestic sales of Liuyang fireworks. In 1997, seeing the decline of its fireworks sales, Liuyang Firecrackers and Fireworks Industry Department, the government agency in charge of the overall development of the pillar industry, decided to start an offensive strategy. First, it opened local offices in most of the 29 provinces, major cities and regions to promote Liuyang fireworks.Second, it regulated the prices that Liuyang fireworks companies could quote and sell i n export sales. Third, it resorted to a government-to-government relationship in order to secure contracts for large public fireworks displays in each province. One year after introducing the offensive strategy, Liuyang fireworks sales had increased. By 2009, they controlled an estimated 60 per cent of the global market. Page 8 9B11M006 Over the next ten years, many legal restrictions were lifted. One of the most notable legal restrictions to be eased was foreign direct investment.With huge growth in both the Chinese domestic market and with China nearing a virtual lock on export market, the Chinese Fireworks industry had become a magnet for foreign investors. Liuyang remained the center of the Chinese fireworks industry and an attractive region for foreigners and foreign firms looking at controlling the entire fireworks value chain. THE EXPORT MARKET Since the opening of the Chinese economy in 1979, exporting had become a major market for the Chinese fireworks industry. As one of t he most celebrated products out of China, export sales of fireworks had risen dramatically between 1978 and 2009.According to independent research, the recorded exports of firecrackers and fireworks reached US$675 million in 2009. This was up from an estimated US$143 million in 1994. The products from China were rich in variety and low in price, but also had a lower reputation in quality control, packaging and timing control, compared to the products made in Japan and Korea. China-made fireworks also would wholesale for much lower prices, usually 80 per cent lower than similar products made in Japan or Korea. There had been little overall co-ordination of export sales.As more and more companies were allowed to export directly, competition kept intensifying and the profit margins on export sales kept slipping. As a result, underpricing each other became a common practice. Therefore, despite its dominant share of the world market, the Chinese fireworks export industry enjoyed limited profitability. The export price of Chinese fireworks was between one-fifth and one-third the wholesale price in the United States. The importers enjoyed a high markup even after paying the 2. 4 per cent U. S. import duty.Of course, the importers had to absorb the cost of getting permits, shipping, storing and carrying the inventory for three to four months before making the sales. This gap pushed both domestic and foreign companies to find ways to control more of the value chain from production to retail. Besides suffering from low profit margin, the Chinese fireworks makers were also risking losing their brand identities. Given the low cost and reasonably good quality of the Chinese fireworks, many large fireworks manufacturers and dealers in the West started to outsource the making of their brand-name fireworks.Failing to see the importance of brand equity, the Chinese fireworks manufacturers were sometimes reduced to mere manufacturing outfits for foreign companies, gradually los ing their own brands. There were also fireworks merchants in Korea, Japan or Spain, who would buy the products from China, and then repackage them, or replace the fuses with better quality ones, then resell them for much higher prices. The export market was usually divided into five blocks: Southeast Asia, North America, Europe, South America and the rest of the world.The most popular market had been Europe, where the regulations on fireworks were less stringent, and orders were of larger quantities and better prices. The United States was considered a tough market because of complex regulations and high competition, nevertheless a necessary one if a company wanted to remain a viable world-player. While in the past, the Canadian market was virtually closed to the Chinese fireworks due to its regulations, by 2009 Chinese imports dominated the entire Canadian market. Page 9 9B11M006 The foreign importers were powerful buyers for several reasons.First, they were very well informed, bot h through past dealings with China and the Internet. Second, they were able to hire agents who were very familiar with the industry in China. Third, they could deal directly with the factories that were willing to offer lower prices. Fourth, there were basically no switching costs, so they could play the suppliers against each other. The diversity of the cultures in the destination countries greatly reduced the seasonality of the fireworks production and sales. As a result, orders evened out throughout the year. However, the peak season was still towards the end of the year.For the U. S. , it was before July 4. Usually, the importers would receive the shipment two or three months beforehand. While the U. S. was still Chinaââ¬â¢s major export market for fireworks, other countries were also importing large quantities of Chinese made fireworks (see Exhibit 4). The Internet had become a marketing outlet for Chinese fireworks. 20 per cent to 25 per cent of the worldwide sales were thr ough the Internet. However, export sales were still made mainly through foreign trade companies or agents. In recent years, foreign investments were also funneled into the fireworks industry.In Liuyang, four of the large fireworks factories had foreign investments, made mainly by the fireworks trading companies in Hong Kong. In 2009, the Liuyang Fireworks Company was listed on the Toronto Stock Exchange (TSE), a first for a Chinese fireworks manufacturer. The Future of the Fireworks Industry in China The managers of the Chinese fireworks companies that Jerry talked to expressed mixed feelings towards the future outlook of their industry. One pessimistic view was that fierce competition and more stringent safety regulations were killing the industry.As the Chinese economy advanced, the government was forcing more manufacturing regulations onto firms that were driving up costs. Moreover, as people became more environmentally-conscious and more distracted by the endless diversities of modern entertainment, traditional celebrations using firecrackers and fireworks would die a gradual death. As to the function of attracting public attention for promotional purposes, fireworks also faced challenges from new technologies, such as laser beams combined with sound effects. In fact, ââ¬Å"make-believe firecrackersâ⬠already appeared as substitutes in China.These were made of red plastic tubes strung together like firecrackers with electric bulbs installed inside the tubes. When the power was turned on, the lights would emit sparks, accompanied by crackling reports that sounded like firecrackers. These were being used at weddings and grand openings in cities where firecrackers and fireworks were banned. More interesting substitutes were spotted at some weddings in Beijing, where people paved the road with little red balloons, and made the limousine carrying the bride and groom run over the balloons to make explosive cracking sounds as well as leave behind red bits a nd pieces of debris.Also, more and more young couples were getting married in western styles, in a church or a scenic green meadow outdoors, where serene and quiet happiness prevailed over the traditional noisy way of celebrating. Therefore, some managers believed that firecrackers and fireworks were doomed to fade off into history. The more optimistic view, however, was that the industry would not die at all. If the right moves were made by the industry, it could even grow. Some said that tradition would not die so easily. It was in their national character for the Chinese to celebrate with an atmosphere of noisy happiness.Moreover, even in the West, the popularity of fireworks was not suffering from all the regulations. No real substitutes could Page 10 9B11M006 replace fireworks, which combined the sensual pleasures of visual, audio and emotional stimuli. For instance, the U. S. Congressional resolution in 1963 to use bells to replace fireworks in celebrating Independence Day nev er really caught on. Fireworks were also being combined with modern technologies like laser beams, computerized firing and musical accompaniment to make the appeal of fireworks more irresistible.The safety problem was not really as serious as people were made to believe, and would only improve with new technological innovations like smokeless fireworks. With the success of the fireworks displays at the Beijing Olympics, Chinaââ¬â¢s brand as a world class fireworks producer was on the rise. With better management practices, perhaps margins could be increased. However, both sides agreed that the Chinese fireworks industry would have to change its strategy, especially in international competition, to stay a viable and profitable player. THE DECISIONWhile the Liuyang fireworks industry dominated the worldwide industry, Jerry had to decide whether he should invest in the industry. If he did invest, what was the best way to capitalize on the potential that remained unexploited in this industry? He wondered whether he could apply the industry analysis framework he had studied in his MBA program. Page 11 9B11M006 Exhibit 1 CHINA & LIUYANG FIRECRACKERS AND FIREWORKS: TOTAL REVENUE (US$000) 2007 2009 Total Revenue Domestic (estimated) All China 742,395 1,009,757 Liuyang 450,000 757,500 Total Revenue ExportsAll China 494,930 673,171 Liuyang 300,000 505,000 Total Revenue (estimated) All China 1,237,325 1,682,928 Liuyang 750,000 1,262,500 Sources: International Fireworks Association; ICON Group Ltd ââ¬Å"The World Market for Fireworks: A 2009 Global Trade Perspective Notes: 1. Domestic Revenue estimate based on a 6:4 domestic to export ratio as reported by http://www. articlesbase. com. 2. Alternative sources put the Chinese domestic market much higher. 3. 2009 data and 2007 data are from different sources. Caution should be used when making comparisons.Growth rates of 15 to 18 per cent per year have been reported by other news sources (especially: http://www. newsreel network. com) Page 12 9B11M006 Exhibit 2 TOTAL FIREWORKS CONSUMPTION AND ESTIMATED FIREWORKS-RELATED INJURIES IN U. S. : 2000 TO 2008 Year Fireworks Consumption, Millions of Pounds Estimated Fireworks-Related Injuries Injuries per 100,000 Pounds 2000 152. 6 11,000 7. 2 2001 161. 6 9,500 5. 8 2002 190. 1 8,800 4. 6 2003 220. 8 9,700 4. 4 2004 236. 2 9,600 4. 1 2005 281. 5 10,800 3. 8 2006 278. 2 9,200 3. 3 2007 265. 5 9,800 3. 7 2008 213. 7,000 3. 3 Source: American Pyrotechnics Association. Exhibit 3 ESTIMATED EMERGENCY ROOM TREATMENT PER 100,000 YOUTHS (AGES 5 TO 14) FROM OUTDOOR ACTIVITIES (JUNE 22 TO JULY 22, 2008) Source: American Pyrotechnics Association As cited from the CPSC National Injury Information Clearinghouse 5,244 13,501 14,258 6,349 21,040 15,268 18,365 21,032 68,553 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 Fireworks Skateboards Fishing Swing Sets Swimming 4 wheel ATVs Sof tball Baseball Bicycles Page 13 9B11M006 Exhibit 4 FIREWORKS EXPORTS FROM CHIN A, 2009Country of Destination Rank Value (000 US$) % Share Cumulative % United States 1 301,500 44. 8 44. 8 Germany 2 83,553 12. 4 57. 2 United Kingdom 3 33,645 5. 0 62. 2 The Netherlands 4 32,586 4. 8 67. 0 Japan 5 26,764 4. 0 71. 0 Russia 6 16,157 2. 4 73. 4 Italy 7 15,967 2. 4 75. 8 France 8 13,574 2. 0 77. 8 Spain 9 13,009 1. 9 79. 7 Denmark 10 9,935 1. 5 81. 2 Canada 11 9,817 1. 5 82. 7 Poland 12 9,580 1. 4 84. 1 Taiwan 13 8,130 1. 2 85. 3 Finland 14 6,002 0. 9 86. 2 South Africa 15 5,623 0. 8 87. 0 Austria 16 5,488 0. 8 87. 8 Ukraine 17 5,445 0. 88. 7 Sweden 18 4,868 0. 7 89. 4 Albania 19 4,835 0. 7 90. 1 Argentina 20 4,793 0. 7 90. 8 Turkey 21 4,592 0. 7 91. 5 Belgium 22 4,583 0. 7 92. 2 Norway 23 4,336 0. 6 92. 8 Czech Republic 24 4,312 0. 6 93. 5 Venezuela 25 4,257 0. 6 94. 1 New Zealand 26 4,024 0. 6 94. 7 Switzerland 27 3,316 0. 5 95. 2 South Korea 28 3,104 0. 5 95. 6 Thailand 29 2,720 0. 4 96. 0 Indonesia 30 1,925 0. 3 96. 3 Other 31 24,731 3. 7 100. 0 Total 673,171 100. 00 100. 00 Source: Professor Philip M. Parker, INSEAD, copyright à © 2009, www. icongrouponline. com
Sunday, January 5, 2020
Should the 22nd Amendment Be Repealed - 938 Words
In the political world today there are so many different opinions about several different topics. The topics that I will address to you will be, should the 22nd Amendment be repealed and also should the foreign born be allowed to run for president. In both topics you may have your pros and cons, but I am strongly against the both of them because I feel that the Constitution should not be taken advantage of. Government should not be allowed to manipulate the Constitution to suit his or her needs. While making adjustments to the Constitution to allow different things to take place for convenience doesn t leave any form respect of the Constitution. There should be a line drawn to keep this from happening for years to come on these issuesâ⬠¦show more contentâ⬠¦Republicans are pushing for Schwarzenegger to be the one who put this statement to an end reach reads: Article 2, Section 1, Clause 5 of the Constitution. It reads, No person except a natural born citizen ... shall be elig ible to the office of president (CNN News, 2004). Schwarzenegger s supporters are pushing for a constitutional amendment that would allow the Austrian-born governor to run for president while others are against this change, (USA Today, 2005). These issues and other issues are just a test to see if the American people will allow such changes to take place without having input on it. In addition, it could become a test of American attitudes toward immigrants in the post-9/11 era, and also put some more thought into the topic of interest. I am totally against it because I am employed by the Immigration service and changes to the Constitution would allow room for disasters to our country. Although, there are some immigrants that are here to make a difference, there are still others who will not remain loyal to our country and follow our guidelines of making our country a safe and better place to live. http://www.termlimits.org/Current_Info/22nd-Amendment-text.htmlShow MoreRelatedEssay on Should the 22nd Admendment be Repealed927 Words à |à 4 Pagesare so many different opinions about several different topics. The topics that I will address to you will be, should the 22nd Amendment be repealed and also should the foreign born be allowed to run for president. In both topics you may have your pros and cons, but I am strongly against the both of them because I feel that the Constitution should not be taken advantage of. Government should not be allowed to manipulate the Constitution to suit his or her needs. 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Galton came to the belief that people have their abilities based on their genetics, and I you have bad genetics, you should just be wiped from the earth. Galton believed he was elite, him and his family were far superior intellectually and that they should be preserved and granted the right to bear children that could only bless and contribute to society as a whole. He wanted the genetically blessed to bear children and the feeblemindedRead MorePresident Franklin Roosevelt And The Great Depression1990 Words à |à 8 Pageshomeless became a regular sight Farmers were forced to leave their crops to rot, leaving more people to go hungry Thousands of banks across America closed down President Herbert Hoover acted on an aloof approach based on his belief that the government should not directly interfere in economic affairs. He told the public that the Great Depression was just a ââ¬Å"passing incidentâ⬠Because of Hooverââ¬â¢s approach and the millions who were unemployed, the democratic candidate Franklin Delano Roosevelt was electedRead MoreThe Legalization Of Marijuana For Marijuana2792 Words à |à 12 Pagespolitical and cultural climate, the hippy culture to be specific, was reflected in more lenient attitudes towards marijuana. Use of the drug became widespread in the population 1968: Creation of the Bureau of Narcotics and Dangerous Drugs 1970: Congress repealed most of the mandatory penalties for drug-related offenses. It had done nothing to eliminate the drug culture that embraced marijuana use throughout the 60s, and that the minimum sentences imposed were often unduly harsh. National Organization forRead MoreHOMOSEXUAL RELATIONSHIP8410 Words à |à 34 Pagesnature of marriage, which is a binding commitment at once legal, social and personal, between two people to take on special obligations to one another. If homosexuals want to make such marital commitments to one another, and, to society, then why should they be prevented from doing so? They want to marry precisely because they see marriage as important: they want the symbolism that marriage brings, the extra sense of obligation and commitment, as well as the social recognition. The real definitionRead MoreArmed Forces Special Powers Act in India8058 Words à |à 33 PagesThe NNC then proclaimed Nagalandââ¬â¢s independence. As a result, the Indian leaders retaliated and began arresting Naga leaders. This led to an armed struggle between the Indian leaders and those of Naga, resulting in large casualties on both sides. On 22nd May, 1958, Dr. Rajendra Prasad, the then president of India, promulgated an ordinance known as the Armed Forces (Assam and Manipur) Special Powers Act. This was done in response to the growing unrest in these areas. Section 3 of the Ordinance powersRead MoreForeign Exchange Market in India12734 Words à |à 51 Pagesof acquisition. In case the foreign exchange was acquired for travel abroad, the unspent foreign exchange should be surrendered within ninety days from the date of return to India when the foreign exchange is in the form of foreign currency notes and coins and within 180 days in case of travellers cheques. Similarly, if a resident required foreign exchange for an approved purpose, he should obtain from and authorized dealer. Commercial Banks are the major players in the market. They buy and sell
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