The Color Of Water By James Mcbride - 1506 Words

Color of Water Comparison Essay When people are treated unfairly or unjustly, how should they perceive it and how to they generally react to this? In the Color of Water by James McBride, prejudice shapes James and Ruth in many ways, James has different stories than Ruth, due to the fact that he lived in a different time period, which makes his scenario different from Ruth’s. Both faced adversity, and stood up for themselves and defended themselves in many different ways just to make sure that they could survive in society. Ruth had always taught her children to be independent. She comes from an interesting background, she was starving of love and affection as a child. Ruth has experienced a lot of grief in her life due to all of these bad events that occurred. Even growing up, her father had treated her unfairly by taking advantage of her sexually. This was definitely not a right thing to do, Ruth’s father was an abusive man who had a sex addiction. He was found having a knowing affair with another woman even though she knew about it the entire time. Due to her rough past when practicing Judaism, she decided to practice Catholicism after marrying Andrew Dennis McBride. She felt as if she was a freer person, she gained a personal connection to the religion which was good because it helped for her to get her mind of of things. James is a very confused boy, being black and white. He is unsure where he fits in when it comes to society. A personal connection that I have toShow MoreRelatedThe Color Of Water By James Mcbride953 Words   |  4 PagesThe Color of Water, James McBride’s autobiography and tribute to his mother, gives the reader a look into his childhood and growing up biracial. James McBride was born to an African-American father and a Polish Jewish immigrant mother in 1957. While James was too young to fully grasp the civil rights and black power events that took place in the 1960s, he recounts experiencing these events vicariou sly through his older siblings. James McBride does a marvelous job at painting a vivid picture for hisRead MoreThe Color Of Water By James Mcbride Essay1250 Words   |  5 Pagesbook, The Color of Water by James McBride. I learned several things about what life was like in the mid-1900’s and in which may be why we still face issues with racial differences. McBride does a great job of illustrating his internal and external challenges that he faces throughout his life. I also learned more about African American culture in the United States and gave me a desire to be a part of positive change to this particular racial group. The Color of Water, written by James McBride is a non-fictionRead MoreThe Color Of Water By James Mcbride1549 Words   |  7 Pages James McBride received the title through a long ago conversation held between him and his mother, Ruth McBride, in which she gave her son James implicit responses to his queries as to why she looked so apart from his friend’s mother’s. He went on to ask his mother a question about â€Å"race† and whether †God† was black or white, she replied â€Å"†¦. God’s not black. He’s not white. He’s a spirit†. â€Å" What color is God’s spirit†? â€Å"It doesn t have a color, she said. God is the color of water. Water doesn tRead MoreThe Color Of Water By James Mcbride1514 Words   |  7 PagesThe Color of Water Comparison Essay When people are treated unfairly or unjustly, how should they perceive it and how do they generally react to this? In The Color of Water by James McBride, prejudice shapes James and Ruth in many ways, James has different stories than Ruth, due to the fact that he lived in a different time period, which makes his scenario different from Ruth’s. Both faced adversity, and stood up for themselves and defended themselves in many different ways just to make sure thatRead MoreThe Color Of Water By James Mcbride937 Words   |  4 PagesJames McBride can tell you firsthand about man verse racial identity. Journalizing his experience in his New York Times Bestseller novel the Color of Water simply outlined his struggles of finding who he was. His upbringing included a black father and a Jewish white mother. His background made it hard for him to understand why his home was different than others on the street. Although McBride experience shows an older outtake of racial identity, some may say this still is a problem today. OffspringRead MoreThe Color Of Water By James Mcbride1150 Words   |  5 PagesThe novel, Color of Water, by James McBride details and reflects on racial prejudice from the perspective of two lives; the life of a Jewish mother, Ruth McBride Jordan, and then in the life of her black son, James. Growing up in Suffolk Virginia, Ruth McBride was abused by her Orthodox Jewish rabbi father as she was forced to work very long hours in their family store. Since love was not something that was simply provided by her father, she instead finds love in the arms of a black man. In a turnRead MoreThe Color Of Water By James Mcbride1727 Words   |  7 PagesThe Color of Water: A Black Man’s Tribute to his Mother The Color of Water: A Black Man’s Tribute to his White Mother written by James McBride is a miraculous memoir about James’ and his mother’s life. He describes in detail what it was like growing up in a household with a white mother, a black father, and eleven black siblings. Biracial marriages and families were not the norm and nor was it accepted by society during that time. James encountered many misfortunes growing up and was constantlyRead MoreIdentity In Mcbrides The Color Of Water By James Mcbride871 Words   |  4 Pagesof The Color of Water, James McBride, struggles with this throughout his life. He details his trials with his own identity amid his book, The Color of Water. In his talks with Ruth, his Jewish blood flowing through his veins, and his time spent in Louisville, James not only learns who he is, but who he wants to be. Ruth was a source of knowledge that James trusted growing up. James, being a mixed child, is confused about what skin color God would have, so he asks his mother,† â€Å"What color is God’sRead MoreEssay on The Color of Water by James McBride726 Words   |  3 PagesThe Color of Water Book Review In this memoir, the author chooses to have two narrators, himself as one, and his mother as the other. This style makes for quite an interesting story, skipping back and forth in time, from the childs life, to that of his mother. Although many time changes occur, they are quite easy to keep up with, as the two narrators of the book, James, and his mother, alternate chapters. For this reason, it is also very easy to compare the childhood of each of the mainRead MoreTheme Of Identity In The Color Of Water By James Mcbride824 Words   |  4 PagesThe Color of Water, by James McBride, is a capturing memoir which contains meaningful quotations to represent a bigger theme. In my opinion, the major theme in this book is The Search For Identity. This is because, throughout the entire memoir, there have been multiple occasions where the identity of a certain character was unknown. American society is known to connote freedom in some sort of way, and in this case through the expression of individuality. Ruth Shilsky, James McBrides mother, was

The Philosophical View Of Mathematics - 992 Words

Many philosophers use pure mathematics and/or mathematical truths as a basis for their philosophical claims. Saying that beliefs and concepts are possible because of mathematics is possible due to the unchanging nature of the subject. Mathematics is known to be an absolute truth that is not doubted, allowing it act as a fixed truth for new ideas. However, what would life and philosophy be like if we did not have a basis of pure mathematics and/or mathematical truths to rely on? Descartes’ based almost all of his claims on the fact that mathematics, was what he called â€Å"the most certain truth† (Descartes). Without that basis of mathematics, many of his claims of what does and does not exist would have no meaning. Descartes claims that because mathematics exists as something clear and certain, it must be possible for other things to exist in this same manner. He uses this argument to defend more conceptual and philosophical beliefs like his belief in God. Descartes says â€Å"I no less find the idea of a God in my consciousness, that is the idea of a being supremely perfect, than that of any figure or number† (Descartes). When analyzing this quote, Descartes is saying that he finds the idea of God just as plausible as that of the reliable figures and numbers that are present in mathematics. However, if mathematics wasn’t plausible, would that mean that God is henceforth implausible by association? This seemingly necessar y association is shown more clearly when DescartesShow MoreRelatedGreek Philosophy And The Greek Creation1593 Words   |  7 PagesWhat is the world made of? What is the ultimate substance of reality? This is why they were classified as â€Å"thinkers†. Greek philosophers were great thinkers who were determined to seek out the validity behind a certain subject. The Ancient Greek philosophical tradition broke away from a mythological approach that used Greek heroes to explain the world, and it initiated an approach based on logic and evidence. One philosopher who has had a great impact on western civilization between 2000Read MoreStudents Should Not Be Special Assistance933 Words   |  4 Pagesprograms or assistance from teachers and the school. This issue is a reflection of beliefs about how success in mathematics is achieved, and more broadly reflects the different philosophical views about the purpose of education that are held by educators and members of the community more broadly. The belief that mathematically talented students should receive special assistance is founded in the view that the purpose of education is to support students in achieving their full potential, or to promote academicRead More Descartes Essay1269 Words   |  6 Pages In the early 17th century a philosopher named Descartes, questioned his existence. His life was dedicated to the founding of a philosophical and mathematical system in which all sciences were logical. nbsp;nbsp;nbsp;nbsp;nbsp;Descartes was born in 1596 in Touraine, France. His education consisted of attendance to a Jesuit school of La Fleche. He studied a liberal arts program that emphasized philosophy, the humanities, science, and math. He then went on to the University of Poitiers whereRead MoreWhat Links Disciplines Of Literature, Philosophy And Mathematics1635 Words   |  7 PagesWhat links the disciplines of literature, philosophy and mathematics? The answer is, quite simply, fiction. Fiction has probably existed since the human brain was capable of imagination, either for distraction or for the more functional purpose of envisioning hunt scenarios when our nomadic ancestors would need to survive. Fiction can be defined as a literary tool that fools readers or theatre goers into thinking that the author possesses certain knowledge about the world (Plato et al., 1963) butRead MoreAge Of Enlightenment Essay1165 Words   |  5 Pagesdeeper and defining one s philosophical tho ughts became a prevalent and popular subject to indulge in was The Age of Enlightenment. During this age, many philosophers who studied the fundamental nature of knowledge and made revelations about the world around them. One of the thinkers modern society has to thank for helping guide the basic principles of what we call today-physics is Borelli. By utilizing prior knowledge and studies, implementing his expertise of mathematics, and gathering ideas ofRead MoreThe Problem Of Separation And Dualism1399 Words   |  6 Pagesproperties (Strawson, 1959), in which the mind is somehow considered as a non-physical thing, thus separated from the physical world. In contrast, a rival view is that there are only physical things, hence there is no separation between mind and body as suggested by dualism, and that the mind is most accurately described in physical terms. (One physicalist view is the identity theory (Place, 1956, Smart, 1959)) So as not to prejudge these problems it may be better to talk of the ‘metaphysics of consciousness’Read MoreThe Value of Philosophy Essay754 Words   |  4 Pagessynthesize their religious faiths with Greek and Roman philosophy. Modern philosophy includes the various philosophical attempts in the 17th and 18th centuries to react to the scientific revolution which took place during the 17th century. It culminates in the philosophical system created the German philosopher, Immanuel Kant. Recent philosophy covers the 19th and 20th century philosophical movements which have developed in reaction to Kant’s philosophy. â€Å"Practical† people often dismiss philosophyRead MorePythogoras of Samos Essay examples1350 Words   |  6 Pages Pythagoras of Samos is often described as the first pure mathematician. He is an extremely important figure in the development of mathematics yet we know little about his achievements. There is nothing that is truly accurate pertaining to Pythagorass writings. Today Pythagoras is certainly a mysterious figure. Little is known of Pythagorass childhood. Pythagorass father was Mnesarchus, and his mother was Pythais. Mnesarchus was a merchant who came from Tyre. Pythais was a native of Samos. AsRead MoreThe Problem Of Separation And Dualism1399 Words   |  6 Pagesproperties (Strawson, 1959), in which the mind is somehow considered as a non-physical thing, thus separated from the physical world. In contrast, a rival view is that there are only physical things, hence there is no separation between mind and body as suggested by dualism, and that the mind is most accurately described in physical terms. (One physicalist view is the identity theory (Place, 1956, Smart, 1959)) So as not to prejudge these problems it may be better to talk of the ‘metaphysics of consciousness’Read MoreThe Problem Of Separation And Dualism1399 Words   |  6 Pagesproperties (Strawson, 1959), in which the mind is somehow considered as a non-physical thing, thus separated from the physical world. In contrast, a rival view is that there are only physical things, hence there is no separation between mind and body as suggested by dualism, and that the mind is most accurately described in physical terms. (One physicalist view is the identity theory (Place, 1956, Smart, 1959)) So as not to prejudge these problems it may be better to talk of the ‘metaphysics of consciousness’

Western Ecosystems Technology Vs. Greenhunter Wind Energy

One of the â€Å"worst business law decisions to emerge in the past decade† is Western Ecosystems Technology v. GreenHunter Wind Energy LCC. GreenHunter Resources, Inc. is a publicly-traded company from Delaware that focuses on water management solutions for oil and gas operations in the Eagle Ford, Marcellus and Bakken shale basins. GreenHunter Resources Inc. was formed to be â€Å"the first publicly traded renewable energy company based in the United States that provides to investors a portfolio of diversified assets in the alternative energy sector.† Their business plan was to acquire businesses and operate assests in the wind, solar, geothermal, biomass and biofuels (biodiesel and ethanol) renewable energy sectors. They aimed to change the way power and renewable energy fuels are produced and distributed. Their main goal was to be more efficient and facilitate increased stockholder value. GreenHunter had 3 separate divisions, one including wind energy space. On ce GreenHunter’s SEC filings had been reviewed, it showed that their operating divisions were organized in the form of a single-member LLC subsidiary below the parent company; the wind energy division was organized under GreenHunter Wind Energy, LLC. In 2006 GreenHunter Wind Energy, LLC participated in a reverse acquisition in which the company would become its sole member and corporate parent (GreenHunter Resources, Inc.) In 2008 Southern Ute Growth Fund and GreenHunter Wind Energy, LLC entered into an

Essay on Management Theories - 1263 Words

After the end of the Industrial Revolution, large corporations were beginning to grow in size and power in order to satisfy what seemed the endless demands for new goods and services. As corporations and labor forces grew, there was a need to develop a more systematic study of organization and management, known as management theory, the significant being Frederick Taylors Principles of Scientific Management which involved the development of training workers through special incentives and compensation (Boone p.33). In general, early management scientists tended to believe that there was a single way to organize companies and manage employees. By the beginning of the 20th century, there were initial attempts for launching a systematic and†¦show more content†¦Herzberg concluded that extrinsic rewards, or hygiene factors, could never create real work motivation. The growth or motivational factors in a firm include achievement, recognition, responsibility, and advancement whi le the dissatisfaction -avoidance or hygiene factors consists of extrinsic factors such as administration, supervision, interpersonal relationships, working conditions and salary (Boone p.176). Thus, in attempting to enrich an employees job, it was necessary for management to reward and recognize personal contribution rather than just giving the employee the opportunity to growth. This school of thought is known as vertical loading was at the time thought of to be more rewarding to employees and increase productivity rather than horizontal loading, which did not concentrate on employees motivational factors. Unlike Herzberg, who focused on employee recognition and rewards, Peter F. Drucker, a more recent influential figure in management theory, argued that in modern times, employees in a firm should be given the opportunity to grow and contribute to management and the decision-making process. In his article, Managements New Paradigms, Drucker asserts that there are many assumptions about management that are out of date, including the ‘right way to manage people. Every worker placeShow MoreRelatedTerror Management Theory1289 Words   |  6 Pagesboth humans and animals, the understanding of one’s own mortality is uniquely human. How do we, as humans, deal with the terror that is associated with this knowledge? According to Terror Management Theory (TMT), developed by Jeff Greenberg, Sheldon Solomon, and Tom Pyszczynski (1989), the need for â€Å"terror management† is a fundamental function possessed by humans and cultural systems. Based on the writings of anthropologi st Ernest Becker and inspired by Freud’s work on how death provokes belief in mysticalRead MoreManagement Theory And Management Theories1254 Words   |  6 Pagespurpose of developing the management theories is to bring out better ways to manage people. According to Aguinaldo Powell (2002), management theory evolves con-stantly with the continuous stream of new ideas that come from the attempts to transform theory into practice, and vice versa. As essential personnel identify promising methods that assist in managing responsibilities, it will lead to management theories progressing. This paper will il-lustrate how management theories have emerged over theRead MoreManagement Theory And Management Theories1272 Words   |  6 Pagespurpose of developing the management theories is to bring out better ways to manage people. According to Aguinaldo Powell (2002), management theory evolves con-stantly with the continuous stream of new ideas that come from the attempts t o transform theory into practice, and vice versa. As essential personnel identify promising methods that assist in managing responsibilities, it will lead to management theories progressing. This paper will il-lustrate how management theories have emerged over theRead MoreManagement Theories And Management Theory1003 Words   |  5 PagesManagement Theories Management theory can be used in many organizations when starting out a business. It addresses how managers and leaders relate to their organization in the knowledge of their goals. It implements on how to set the goals and motivate their employees to perform in a high standard. Management theory consist of three important aspects operation strategy, innovation management and process management. Operation Strategy is to maximize the effectiveness of the whole production, butRead MoreManagement Theories Of Management Theory2222 Words   |  9 PagesManagement Theories Evolution Management practice cannot exist without the support of a theory. The complex character of management as the scholarly discipline, the variety of opinions concerning the essence and content of management theory, require systematizing knowledge about this phenomenon. Management theory is a relatively new science since its systematic development and academic research has started mostly in the 20th century. Although it is difficult to name the most important theories andRead MoreThe Theory Of Management And Management1690 Words   |  7 PagesIntroduction Management is one of the remarkable activities within human society began with a group or to an larger organization that are able to accomplish a same goals and objectives, by defining what is management and how is important to human being society many management theorists have produces (many models that can be used for successful organization change and winners respond to the past and complexity of change and adapt learn and act quickly (Mildred,G. Sonia T. 2008 ) different theories or viewsRead MoreThe Contingency Management Theory And Management Theories1164 Words   |  5 Pagesof management, understand different management theories and to apply them appropriately depending on the organization, the mission and the situation. Flexibility is one of the greatest traits a manager can possess in an extremely competitive market. One management theory that subscribes to flexibility is the contingency management theory. Adaptability is crucial in today’s business environment, especially for organizations trying to remain significant in global industries. All management theoriesRead MoreThe Theory Of Management And The Scientific Management Theory Essay1208 Words   |  5 PagesTheories of management date back to the beginning of times. Every aspect of life contains some form of management. From managing oneself, to managing employees, to managing an entire corporation, management is a key part of life. Over time different theories have been developed and have evolved. Some of the first theories ever explored include the administrative management theory and the scientific management theory. While both of these theories were studied in depth, I believe that one of the greatestRead MoreManagement Theory Of Management And Management937 Words   |  4 Pagesnumber of theories have been used in company management. However, management of company could not be effective if only rely on theories. In fact, a good company development requires not only suitable theories selection but also consistency with practice in appropriate organization environment. Further, a company’s successful also need team work, creatively to together process. This essay focuses on how to make the company management effectively with some cases. There is no doubt that theory of managementRead MoreEvolution Of Management Theory And Management Theories2135 Words   |  9 PagesEvolution of Management Theory Jamal Roberts Pasco Hernando State College Evolution of Management Theory In reality, every person in a management position handles the way that they do their job differently. Management is one of the most important parts of an organization, if not the most important. However, the development of management in organizations has changed dramatically from the late eighteenth century to now. In the eighteenth century, managers relied on power and setting strict

Oil and Dutch Disease Free Essays

ECONOMICS FOR BUSINESS Project Report on – Oil and the recent ?Dutch Disease? – The Case of the United Arab Emirates Submitted by – Amitava Manna 1|Page Table of Contents Introduction †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 2 Purpose †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ UAE Background †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã ¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. We will write a custom essay sample on Oil and Dutch Disease or any similar topic only for you Order Now 4 Theoretical Framework †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 4 Empirical Findings and Analysis †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 6 Data †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Descripti ve Statistics †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 6 The Regression Model †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 8 Conclusions: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 10 2|Page Introduction Four decades ago, the United Arab Emirates (U. A. E) landscape and infrastructure consisted of not much more than deserts where sheikhdoms survived on fishing, pearling, herding and agriculture. Today, Abu Dhabi and Dubai are two of the most developed emirates in the country dominated by roads, luxury homes, and skylines (consisting of modern glass and steel skyscrapers). The new modern infrastructure has replaced the undeveloped cities that once existed before. To say the least U. A. E has transformed from a desert into a developed country1 with a high gross domestic product (GDP) reaching $192. 03 million2 in 2010. According to the Global Competitiveness Report 2008-2009, U. A. E was ranked number 31 globally for its growth competitiveness. The large boost in U. A. E? s development and economy is founded on the export of the country? s oil and petroleum-based products since 1958, when oil was first discovered in Abu Dhabi. Almost 10 percent (%) of the world? s current oil reserves are controlled by the U. A. E, enabling it to comm and more than 16% of OPEC? s total reserves. The aim of the U. A. E? economy is to minimize its dependency on oil; therefore much focus has been targeted on diversifying the economy during the past two decades. In turn, making it more dependent on the service sector, especially high-class tourism as well as expanding the international finance sector. In both developed and developing countries, a natural resource boom, (as experienced in U. A. E) has triggered the so called „Dutch Disease?. It is a theory that originates from the Netherlands in the 1970s, basically explaining a decline in the traditional manufacturing sector when the country experiences a boom in their natural resource. The Dutch Disease indicates that the natural resource abundant factor triggers an appreciation of the domes- tic currency. In turn, other non-resource exporters are affected at the same time and the manufacturing sector experiences a constrained activity to compete in the world market. Furthermore, the agricultural sector undergoes a decline as labor moves to either the booming sector or the non-tradable sector. The case of the Dutch Disease would be a problem to the U. A. E since it causes the shift of labor and production for the tradable sector to the non-tradable sector causing a decline in the country? exports of manufacturing and agricultural goods. The decline in exports of U. A. E? s traditional tradable goods de-creases production of the goods affecting the country? s economy in a negative way. Purpose The purpose of this paper is to study U. A. E? s development in economic growth since 1975 and establish if there are any signs of the Dutch Disease by testing the ratio of tr adable goods to non- tradable goods and the effects by other macroeconomic variables. 3|Page UAE Background U. A. E consists of the seven emirates Abu Dhabi, Dubai, Sharjah, Ra? al-Khaimah, Ajman, Umm al-Qaiwain and Fujairah, which are located on the southern Arabian Gulf. On the 2nd of December 1971, the country became independent after being under British rule for a period of 70 years. The independence and discovery of oil triggered the economic development in U. A. E which led to a huge expansion in the population. The population boom in U. A. E is a result of the increased demand for labor throughout the past four decades and consists for the most part (83%) of labor from foreign countries referred to as expatriates. United Nation? (UN) database illustrates the division of the labor from two perspectives; first from the year 2000 compared to the changes that prevailed in 2010. Female participation and male participation in 2000 consisted of 34. 4% in the former group and 92% in the latter group. As stated in the introduction, one of the impacts when an economy is experiencing signs of the Dutch Disease is the high inflation rate followed by a change in the real exchange rate. Fluctuations in the real exchange rate can cause resources and production to reallocate between the economy? sectors of tradable and non- tradable goods and services and is there-fore regarded as an important price in the economy. The U. A. E is one of the countries in the Middle East which follows a pegged (or fixed) ex- change rate regime, in which foreign central banks stand ready to buy and sell their currencies at a fixed price in terms of dollars. The currency of the U. A. E, the AED was first officially pegged against the USD in 1974. By the end of 1977 fluctuations occurred widely. For over two decades the USD had been used as an anchor currency in practice when it became the official anchor currency in 2002. The decision to make the USD an anchor currency was made by the member nations of the Gulf Cooperation Council (GCC) in order to establish a common currency in 2010. The U. A. E and the effects from the oil industry have not been studied to any great extent. However some studies on the Dutch Disease concerning other countries have been conducted, but these studies are mainly theoretical and lack econometric testing. The studies with statistical analysis contain time series, more observations and flexible exchange rates (which could be included in the regression model). Theoretical Framework In order to comprehend the Dutch Disease theory, theoretical model of tradable (T) and non- tradable goods4 (NT), also known as the TNT Model can be used. According to Sachs and Larrain (1993) the most important assumptions is that N can neither be exported nor imported and its domestic consumption and production must be equivalent. The opposite applies for T, consumption and production domestically can differ because of the possibility of imports and exports T. In this specific model, two goods are produced and 4|Page consumed: T and N by one factor of productivity which is labor. The supply side obtains two linear functions: QT = aTLT (T) and QN = aNLN (N), Where, production is dependent on labor. LT and LN accounts for the amount of labor used, whilst aT and aN are the marginal productivities of labor for the two sectors. In other words a T or aN units more of output is achieved if one extra unit of labor is applied in either sector. Due to the linear functions, aT and aN also account for average productivities. The demand side of the TNT model circles around consumption decisions which do not include investment spending. Total absorption, i. e. pending on T and N is expressed in the equation as followed: A = PTCT + PNCN Total absorption is defined by A and levels of consumption for T and N by CT and CN. PT and PN correspond to the price of the goods. Furthermore, Sachs and Larrain (1993) assume if the ratio CT/CN is fixed, then households consumes CT and CN in fixed proportions, (regardless of relative prices). If overall spending increases, it is followed by an increase in consumption in T and N by the same proportion and vice versa. Figure below illustrates the production possibility frontier (PPF), the consumption line and the market equilibrium for T and N in a country. The PPF shows each quantity of QT that is produced in order to produce the maximum quantity of QN. If QN = aNL then QT = 0, represented by point B in the figure. Then the factor of productivity labor is located in the N sector. If QN = 0 and QT = aTL, then labor is located in T (point D in the figure). The slope of the PPF is equal to PT/PN, i. e. the relative price of T in terms of N, which is also referred to as the real exchange rate, e, in the TNT model. Therefore, aN/aT = PT/PN = e. Figure: The PPF, Consumption Path and Equilibrium QNCN B G H ` F C E D A 5|Page QTCT Empirical Findings and Analysis Data Summary of the Macroeconomic Variables used in the Regression Ratio of tradable goods to non- tradable goods (R) Sum of tradable goods (manufacturing value added, agriculture value added) divided by the sum of non-tradable goods (services value added). Inflation as GDP deflator in annual percent. Variables that are used to classify data into mutually special categories. Here the dummy variable represent the period 1975-1980, since the change in oil price was dramatic during these years. Based on current prices and is ex-pressed in USD per barrel UN (2010) Inflation (I) Dummy variable (D1) Nation Masters Economy Statistics, U. A. E (historical data) (2010) Gujarati (2010) Price of oil (P) Annual Statistical bulletin OPEC (2010) Other variables were also tested, but due to insignificant values and to avoid problems of correlation, some of the variables were excluded from the regression models. One of the other variables tested was money supply (M1), but since this variable was highly correlated with GDP, we decided to exclude it. GDP was also excluded due to high correlation with the price of oil. Descriptive Statistics The following figure shows the change in value added of tradable goods and non-tradable goods in U. A. E throughout the period 1975-2005 expressed in billion of AED per year. Value Added in Tradable and Non-tradable in U. A. E, 1975-2009 6|Page Value (BAED) 350 300 250 200 150 100 50 0 NT T As can be seen the production of non-tradable goods has been larger than tradable goods (non-oil goods) during the entire period. The tradable sector has not in-creased as much as the non- tradable sector, i. e. non-oil production has decreased in comparison to non-tradable. In fact the non-tradable sector has increased almost twice as much as the tradable sector, which is a symptom of the Dutch Disease. One of the reasons why the non-tradable sector may have increased so much could be due to the country? s rise in export of oil throughout 1975-2009. US $ per Barrel 60 50 40 30 20 10 0 Price of Oil Inflation Rate Figure illustrates the relationship between the price of oil and the inflation rate during the period 1975-2005. We will concentrate on analyzing the inflation rate? s peak and lows and the impact from the fluctuating oil price. We can first see that there was a sharp decline in inflation from 19758 until 1978. During 1974 the inflation rate was 138. 26% according to Nation Master Economy Statistics (2010). The sharp decline could be due to that the U. A. E officially pegged 7|Page the AED to the USD in 1974. The fluctuation in the inflation rate cannot only be explained by a boom in production but also depends on other factors as well, such as the depreciation of the USD. One of the reasons why the inflation in U. A. E change so dramatically during the years 1998-2001 could be due to the burst of the â€Å"I. T-bubble† (known as the â€Å"Dot-com bubble†) in the late 1990s which affected USD negatively. The Regression Model In order to test if the chosen macroeconomic variables show indications of symptoms of the Dutch Disease, the model with the ratio of tradable goods to non-tradable goods was adopted but adjusted in order to fit this thesis. The adjusted equation is based on time series data. The presented macroeconomic variables; inflation (I) is based on the theoretical framework presented, price of oil (P) is adopted which included price of oil in the regression analysis. The dummy variable (D1) for the period 1975-1980 is which included a dummy variable for a one year period. The ratio of tradable goods to non-tradable goods serves as the dependent variable in both models, however the independent variables differ slightly; the first regression model includes inflation and price of oil as the independent variables. The second regression model also includes inflation and price of oil but a dummy variable for the period 1975-1980 was added. Model 1: R = ? 0 + ? 1P + ? 2I + ? Model 2: R = ? 0 + ? 1P + ? 2I + ? 3D1 + ? 4. 4. Econometric Problems In the beginning of the regression testing we discovered that some of the variables were correlated with one another. Money supply (M1) and GDP were the most correlated variables in the regression models, so in order to avoid multi co linearity problems we decided to exclude money supply and GDP from the regression model. The reason why the two variables were excluded was due to the high correlation between GDP an d money supply and the high correlation between GDP and price of oil. Coefficient ?1 (Price of Oil) ?2 (Inflation) ?3 (Dummy Variable) . 5 Regression Results: Sign negative or no effect negative negative or no effect 8|Page In order to make it more comprehensive for the reader, the authors summarized the coefficients and significance levels (1%, 5% or 10%) from the two different regression model results with 36 observations for the period 1975 to 2010. The R-square values show that 39. 3% (model 1) and 75. 3% (model 2) of the change in the ratio of tradable goods to non-tradable goods can be explained by the model used. The goodness of fit in model 1 on the other hand, has a poorer fit, where 39. % of the influences on the dependent variable can be explained by the model. The better fit of model 2 can be due to the additional variable tested in the second regression model, i. e. D1. In model 1 and 2 the price of oil is significant and does not support the expectation that it would h ave a negative or no effect on the ratio. Price of oil is significant at a 1% significance level in model 1 and affects the dependent variable positively. A 1% increase in the ratio of tradable goods to non-tradable goods would increase the price of oil by 0. 05840%, all else equal. In the second regression model, the price of oil is significant at a 1% level, meaning that a 1% change in the regress and would increase the price of oil by 0. 002988%, all else equal. The results from the regression models indicate that the price of oil has a positive effect on the dependent variable. This result corresponds to the authors? expectations that during a boom in natural resources, inflation has a negative effect on the ratio. The negative relationship between the inflation rate and the ratio can also be xplained by the spending effect since in a fixed exchange rate regime the inflation rate is affected by the in-crease in the money supply. The second hypothesis for model one is therefore n ot rejected and the authors can conclude that the macroeconomic variable inflation is a symptom of the disease in the country. However in the second model the inflation variable is not significant and the authors can thereby not take the variable into consideration when analyzing if the U. A. E experienced the Dutch Disease during the years 1975- 1980. Furthermore, the insignificant value of the inflation rate in model two might be due to the short time period tested, 1975-1980. The major oil price shock during this period had a negative impact on the economy of U. A. E, which negatively affected the inflation rate, leading to the insignificant-cant value in the second regression model. Time Series Regression Model 1 2: Model 1: R = ? 0 + ? 1P+ ? 2I + ? Coefficient Variable (t-stat) Constant 0. 166071*** (5. 141492) Price of Oil (P) 0. 005840*** (4. 122855) Inflation (I) -0. 352179* (-1. 38647) R2 = 0. 393393 DW = 0. 238252 *** Significant at 1% level ** Significant at 5% level * Significant at 10% level Model 2: R = ? 0 + ? 1P+ ? 2I + ?3D1 + ? Coefficient (t-stat) Constant Price of Oil (P) Inflation (I) Dummy Variable (D1) R2 = 0. 753809 DW = 0. 416614 0. 242127*** (10. 00689) 0. 002988*** (2. 915261) -0. 016530 (-0. 127760) – 0. 144894*** (-6. 287065) 9|Page Conclusions: This project is a study whether the oil boom in U. A. E during the 1970s led to symptoms of the Dutch Disease and if the country is a victim of the disease. Three hypotheses were tested and descriptive data was analyzed in order to reach a conclusion. The first hypothesis tested the authors? statement that the price of oil has a negative (or no) effect on the ratio of tradable goods to non-tradable goods. The results showed that the price of oil did have a positive effect on the ratio, meaning that even though there are changes in the price of the natural resource it does not affect the production in the non-oil sectors to decline. Hypothesis 1 is therefore rejected by us. In the mid-1980s the disease took an opposite direction when oil prices collapsed. Domestic demand dropped sharply in the oil-rich countries causing the construction industry to experience unemployment and employment shifted back to the tradable goods sectors. Therefore it can be concluded that the price of oil cannot be considered as a symptom of the Dutch Disease in the U. A. E. The second hypothesis was based on the problems of the high inflation rate U. A. E has experienced on and off during the years. Inflation was stated to have a negative effect on the ratio of tradable goods to non-tradable goods due to the fixed exchange rate. The regression results showed that inflation held a negative impact on the ratio therefore the hypo-thesis is not rejected by us. The last hypothesis was based on the high oil prices that existed during the period 1975-1980. Therefore a dummy variable was included in the hypothesis with the statement that it would have a negative (or no) effect on the ratio of tradable goods to non-tradable goods. Results showed that the dummy variable was negatively correlated with the ratio, thus the third hypothesis is not rejected. The negative relationship is in line with our expectations. One explanation for the negative impact on the ratio could be due to the oil price shock that occurred in 1979. The increase in the oil price during these years therefore affected the oil production negatively. Furthermore, the price of oil can be seen as a possible symptom of the Dutch Disease in U. A. E? s economy. How to cite Oil and Dutch Disease, Papers

Analysis Of The Time Machine Essay Example For Students

Analysis Of The Time Machine Essay The Time Machine by H.G. Wells is considered a classic in todays literary community. I also believe that this novel is a good book. It was an interesting story the first time I studied it, and I have found new ideas each time I have read it since. It is amazing that such a simple narrative could have so many complex ideas. Unfortunately, some do not take the same position that I do. They cast it off as a silly little novel that deserves no merit. Obviously I disagree with these critics. The Time Machine follows the criteria that I believe a good novel should have. A good novel should include an element of fantasy and should stimulate ideas in the audience that they never came to realize before. The aspect of good versus evil should also be incorporated into a novel, mainly to capture the readers attention. If readers find themselves rooting for a particular character or set of characters against another, they become involved in the novel. The characters should also be realistic so the audience can relate to them. The Time Machine follows these criteria with few exceptions. Why should this novel be looked at now, 100 years after it was written? The Time Machine is a science fiction novel that has a much different view of the future than the view that is commonly held today. Modern society foresees the future as a technologically advanced society that would make our present society look primitive. Many movies today portray this view of the future. Wellss view of the future is the antithesis to the one that is held today. The regression of society is rarely discussed as the future. The idea that human beings have reached their progressive and evolutionary peak could be an actuality. The Time Machine could be a possibility for the future despite the universal belief that humans still have a long way to progress. Neither technology nor peacefulness exists in the future that The Time Machine portrays. Wells apparently has a grim outlook for what society will evolve to in the future. Wells introduces a meta-utopia or a dystopian future, which is, to say the least, a radically unique idea. A meta-utopian society is one that regresses instead of progresses. The protagonist of the book, the Time Traveller, builds a time machine and travels to the year 802,701. The landscape that he relates to the reader is a heap of granite, bound together by masses of aluminum, which were obviously old buildings that had been demolished. The Time Traveller encounters two races of regressed human beings the Eloi and the Morlocks. The Eloi are frail creatures, no taller than four feet. They pass their time frolicking in the fields. They do not seem to be interested in the continuous pursuit of intellectual advance or technological progress which would assuredly make their lives much easier. Unlike the Eloi, the Morlocks are subterranean creatures. They are carnivorous, cannot tolerate the daylight and they feed upon  the helpless Eloi at night, whom they breed like cattle. These two races seem to be manifestations of human characteristics that would only be harmful. The Eloi represent those who live off of human emotion and activity, and are plagued by premature decrepitness and degeneration. They survive off the hard work of others. The Morlocks represent an industrialized society in a negative fashion. They are slovenly, unaesthetic and lack a sense of beauty needed to appreciate life. Wellss believes that these traits would lead to a degeneration of society. While these concepts are new and different to those who read Wellss novel, the main idea that revolutionized science fiction was the introduction of the time machine. The time machine has become a staple in the science fiction genre. Many movies incorporate the idea of a vehicle that can move the characters years ahead or behind the present. The time machine is integral to the fantasy aspect of the story. A fantasy is fiction made up on highly imaginative or fanciful character and premise. Many would jump at the opportunity to travel to anyplace in time. Knowing whats going to happen in the future and being able to change it is a fantastic idea for a story. .uf15ab5b313191e6805f3f397bec4528a , .uf15ab5b313191e6805f3f397bec4528a .postImageUrl , .uf15ab5b313191e6805f3f397bec4528a .centered-text-area { min-height: 80px; position: relative; } .uf15ab5b313191e6805f3f397bec4528a , .uf15ab5b313191e6805f3f397bec4528a:hover , .uf15ab5b313191e6805f3f397bec4528a:visited , .uf15ab5b313191e6805f3f397bec4528a:active { border:0!important; } .uf15ab5b313191e6805f3f397bec4528a .clearfix:after { content: ""; display: table; clear: both; } .uf15ab5b313191e6805f3f397bec4528a { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uf15ab5b313191e6805f3f397bec4528a:active , .uf15ab5b313191e6805f3f397bec4528a:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uf15ab5b313191e6805f3f397bec4528a .centered-text-area { width: 100%; position: relative ; } .uf15ab5b313191e6805f3f397bec4528a .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uf15ab5b313191e6805f3f397bec4528a .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uf15ab5b313191e6805f3f397bec4528a .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uf15ab5b313191e6805f3f397bec4528a:hover .ctaButton { background-color: #34495E!important; } .uf15ab5b313191e6805f3f397bec4528a .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uf15ab5b313191e6805f3f397bec4528a .uf15ab5b313191e6805f3f397bec4528a-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uf15ab5b313191e6805f3f397bec4528a:after { content: ""; display: block; clear: both; } READ: Pestel Analysis On Dabur Company EssayThe Eloi and Morlocks are the fanciful characters that would be prevalent in a fantasy. They are unrealistic, but on must remember that they are Wellss portrayal of humans in the future. This could be disturbing to some, but this fantastic premise is Wellss view. The Time Machines main appeal is, What does the future hold for us? Wells attempts to answer this question in a way that has never been discussed. This is a topic that has many possibilities and interests a large part of the literary community. The element of good versus evil is also present in Wellss novel. This concept is basic human nature. This struggle is an ongoing theme that has lasted throughout time. In The Time Machine, the Eloi are considered good while the Morlocks are obviously bad. The Morlocks attempt to prey on the Eloi which keeps both sides in dissension. This conflict in good versus evil can be seen in almost any form of entertainment from books to movies to sports. In books and movies the good and bad sides must be established for the audience to choose a side with which to root for. Any sports fan can also relate to this idea. A fans favorite team is always the good guys, while the opponent is the bad guy. A Giants fan always takes pleasure in seeing the Cowboys lose. The defeat of the bad side is almost as good as victory for the good. The conflict of good versus evil is one that the audience identifies with. The audience readily takes the Elois side and roots for them against the Morlocks. This conflicts keeps the audience interested to see which side outlasts the other. Realistic characters the audience can relate to are sometimes necessary for  a novel to interest an audience. The Time Machine obviously has its fair share of unrealistic characters Morlocks and Eloi that could detract from the realism of the novel. The one character that is realistic is the Time Traveller. He is an integral character the audience identifies with. He is not portrayed as a crazy scientist performing a maniacal experiment. Readers can see themselves as the Time Traveller. He is a normal guy that happens to travel through time. Without the realism of the Time Traveller Wells loses the audience. The Time Machine still holds the same appeal today as it did 100 years ago. The essential elements for a successful novel are incorporated into Wellss greatest work. He is able to keep the audience interested and has set the precedent for the science fiction genre. The use of a time machine has been used in movies and other novels throughout the years. The idea that one can travel through time is a concept that appeals to many and to our memories of the past. As children, we would pretend we were some sort of hero that would have great adventures. The Time Machines premise is similar to these childhood fantasies. The Time Machine remains popular because of its introduction of new ideas of the future, and the fantasy that it portrays brings the reader to a world quite different than our own.