Innovation and creativity evaluation of Apple Corporation Essay

Economic growth and development of any country depends upon a well-knit financial system. Financial system comprises, a set of sub-systems of financial institutions financial markets, financial instruments and services which help in the formation of capital. Thus a financial system provides a mechanism by which savings are transformed into investments and it can be said that financial system play an significant role in economic growth of the country by mobilizing surplus funds and utilizing them effectively for productive purpose. The financial system is characterized by the presence of integrated, organized and regulated financial markets, and institutions that meet the short term and long term financial needs of both the household and corporate sector. Both financial markets and financial institutions play an important role in the financial system by rendering various financial services to the community. They operate in close combination with each other. Financial System The word â€Å"system†, in the term â€Å"financial system†, implies a set of complex and closely connected or interlined institutions, agents, practices, markets, transactions, claims, and liabilities in the economy. The financial system is concerned about money, credit and finance-the three terms are intimately related yet are somewhat different from each other. Indian financial system consists of financial market, financial instruments and financial intermediation Role/ Functions of Financial System: A financial system performs the following functions: * It serves as a link between savers and investors. It helps in utilizing the mobilized savings of scattered savers in more efficient and effective manner. It channelises flow of saving into productive investment. * It assists in the selection of the projects to be financed and also reviews the performance of such projects periodically. * It provides payment mechanism for exchange of goods and services. * It provides a mechanism for the transfer of resources across geographic boundaries. It provides a   mechanism for managing and controlling the risk involved in mobilizing savings and allocating credit. * It promotes the process of capital formation by bringing together the supply of saving and the demand for investible funds. * It helps in lowering the cost of transaction and increase returns. Reduce cost motives people to save more. * It provides you detailed information to the operators/ players in the market such as individuals, business houses, Governments etc. Components/ Constituents of Indian Financial system: The following are the four main components of Indian Financial system 1. Financial institutions 2. Financial Markets 3. Financial Instruments/Assets/Securities 4. Financial Services. Financial institutions: Financial institutions are the intermediaries who facilitates smooth functioning of the financial system by making investors and borrowers meet. They mobilize savings of the surplus units and allocate them in productive activities promising a better rate of return. Financial institutions also provide services to entities seeking advises on various issues ranging from restructuring to diversification plans. They provide whole range of services to the entities who want to raise funds from the markets elsewhere. Financial institutions act as financial intermediaries because they act as middlemen between savers and borrowers. Were these financial institutions may be of Banking or Non-Banking institutions. Financial Markets: Finance is a prerequisite for modern business and financial institutions play a vital role in economic system. It’s through financial markets the financial system of an economy works. The main functions of financial markets are. To facilitate creation and allocation of credit and liquidity; 2. to serve as intermediaries for mobilization of savings; 3. to assist process of balanced economic growth; 4. to provide financial convenience Financial Instruments Another important constituent of financial system is financial instruments. They represent a claim against the future income and wealth of others. It will be a claim against a person or an institutions, for the payment of the some of the money at a specified future date. Financial Services: Efficiency of emerging financial system largely depends upon the quality and variety of financial services provided by financial intermediaries. The term financial services can be defined as â€Å"activites, benefits and satisfaction connected with sale of money, that offers to users and customers, financial related value†. Pre-reforms Phase Until the early 1990s, the role of the financial system in India was primarily restricted to the function of channeling resources from the surplus to deficit sectors. Whereas the financial system performed this role reasonably well, its operations came to be marked by some serious deficiencies over the years. The banking sector suffered from lack of competition, low capital base, low Productivity and high intermediation cost. After the nationalization of large banks in 1969 and 1980, the Government-owned banks dominated the banking sector. The role of technology was minimal and the quality of service was not given adequate importance. Banks also did not follow proper risk management systems and the prudential standards were weak. All these resulted in poor asset quality and low profitability. Among non-banking financial intermediaries, development finance institutions (DFIs) operated in an over-protected environment with most of the funding coming from assured sources at concessional terms. In the insurance sector, there was little competition. The mutual fund industry also suffered from lack of competition and was dominated for long by one institution, viz. , the Unit Trust of India. Non-banking financial companies (NBFCs) grew rapidly, but there was no regulation of their asset side. Financial markets were characterized by control over pricing of financial assets, barriers to entry, high transaction costs and restrictions on movement of funds/participants between the market segments. This apart from inhibiting the development of the markets also affected their efficiency. Financial Sector Reforms in India It was in this backdrop that wide-ranging financial sector reforms in India were introduced as an integral part of the economic reforms initiated in the early 1990s with a view to improving the macroeconomic performance of the economy. The reforms in the financial sector focused on creating efficient and stable financial institutions and markets. The approach to financial sector reforms in India was one of gradual and non-disruptive progress through a consultative process. The Reserve Bank has been consistently working towards setting an enabling regulatory framework with prompt and effective supervision, development of technological and institutional infrastructure, as well as changing the interface with the market participants through a consultative process. Persistent efforts have been made towards adoption of international benchmarks as appropriate to Indian conditions. While certain changes in the legal infrastructure are yet to be effected, the developments so far have brought the Indian financial system closer to global standards. The reform of the interest regime constitutes an integral part of the financial sector reform. With the onset of financial sector reforms, the interest rate regime has been largely deregulated with a view towards better price discovery and efficient resource allocation. Initially, steps were taken to develop the domestic money market and freeing of the money market rates. The interest rates offered on Government securities were progressively raised so that the Government borrowing could be carried out at market-related rates. In respect of banks, a major effort was undertaken to simplify the administered structure of interest rates. Banks now have sufficient flexibility to decide their deposit and lending rate structures and manage their assets and liabilities accordingly. At present, apart from savings account and NRE deposit on the deposit side and export credit and small loans on the lending side, all other interest rates are deregulated. Indian banking system operated for a long time with high reserve requirements both in the form of Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR). This was a consequence of the high fiscal deficit and a high degree of monetisation of fiscal deficit. The efforts in the recent period have been to lower both the CRR and SLR. The statutory minimum of 25 per cent for SLR has already been reached, and while the Reserve Bank continues to pursue its medium-term objective of reducing the CRR to the statutory minimum level of 3. 0 per cent, the CRR of SCBs is currently placed at 5. 0 per cent of NDTL. As part of the reforms programme, due attention has been given to diversification of ownership leading to greater market accountability and improved efficiency. Initially, there was infusion of capital by the Government in public sector banks, which was followed by expanding the capital base with equity participation by the private investors. This was followed by a reduction in the Government shareholding in public sector banks to 51 per cent. Consequently, the share of the public sector banks in the aggregate assets of the banking sector has come down from 90 per cent in 1991 to around 75 per cent in2004. With a view to enhancing efficiency and productivity through competition, guidelines were laid down for establishment of new banks in the private sector and the foreign banks have been allowed more liberal entry. Since 1993, twelve new private sector banks have been set up. As a major step towards enhancing competition in the banking sector, foreign direct investment in the private sector banks is now allowed up to 74 per cent, subject to conformity with the guidelines issued from time to time. Conclusion: The Indian financial system has undergone structural transformation over the past decade. The financial sector has acquired strength, efficiency and stability by the combined effect of competition, regulatory measures, and policy environment. While competition, consolidation and convergence have been recognized as the key drivers of the banking sector in the coming years

Man vs. Machine Essay

Since the yearly Fifties science fiction movies have depicted robots as very sophisticated machines built by humans to perform complex operations, to work with humans in safe critical missions, in hostile environments, or more often to pilot and control spaceships in galactic travels. At the same time, however, intelligent robots have also been depicted as dangerous machines, capable of working against man through wicked plans. In the Terminator the view of the future is even more catastrophic: robots will become intelligent and self-aware and will take over the human race. The dual implication often accredited to science fiction robots represents the clear look of desire and fear that man has towards his technology. From one hand, in fact, man projects in a robot his wild desire of immortality, holds in a powerful and indestructible artificial being, which intellective, sensory, and motor capabilities are much more amplified than that of a normal man. On the other hand, however, there is a fear that a too advanced technology can get out of control, acting against man. The Terminator saga is not just a collection of Terminator, and T2. Instead the saga is one of a continuing storyline that in many ways has spanned all of man’s existence. Machines and technology have always presented temporary change and adversity for man to overcome. A machine may simplify a process but take away the livelihood of a few. From the days of horse drawn carriage drivers fearing being replaced by a key turned automobile, to today’s computer controlled manufacturing environments; workers have always feared of being replaced by â€Å"machine†. The strength of the Terminator movies is the singular humanoid T-800 Terminators one of which is played by Arnold Schwarzenegger. Clothed in armor, with the human body’s shape and form, it presents itself as a new evolutionary form of life. Strength, easy coordination with other units, and an absolute sense of duty, drive the units forth to destroy man. From their humanoid skeletal structure and hands to their glaring red eyes, the machines scare viewers more for their similarity to man than for their  differences. To be replaced, to be bettered, to be conquered these are the things which drive animals to the point of extinction. These elements are the primal fears that the terminator machines strike in the human mind As Humanity progresses, warfare has tended to move more and more away from the human combatants. Instead the battles have moved to the weapons or â€Å"machines† that each side uses. In the Terminator movies America extends this principal even further as humanoid machines and automated patrol crafts are used as the backbone of its defense forces. A vast computer network known as Skynet is created to coordinate battlefield tactics. It is decided to place these â€Å"objective† machines in charge of nuclear weapons deployment as human leaders believe that humans could act with hast or with lack of reason in such important decisions. However as time progresses the computer network Skynet becomes â€Å"self aware† and sees the possibility of a new evolutionary age and the birth of a new order of intelligence; that of the machine. In the movie, Terminator represents the prototype of imaginary robots. He can walk, talk, perceive and behave like a human being. But, what is more important, Terminator can learn! He is controlled by a neural-net processor, a computer that can modify its behavior based on past experience. What makes the movie more interesting, from a philosophical point of view, is that such a neural processor is so complex that it begins to learn at an alarming rate and, after a while, it becomes self-aware! In this sense, the movie raises an important question about artificial consciousness: Can a machine ever become self-aware? To answer my own question: not yet, at least. At the end of T2, after a series of action-packed scenes, which would have deprived any human of life or limb, both terminators are dissolved together in their own industrial melting pot. This ending may say something about the modern combination of old and new technologies in the cinema, as it does about the integration of old and new modes of production in industry. But it also seems to me, that the days of the unthinking means of cinematic portrayal, like the traditional factory and its job-classified worker and their similar forms of representation, may be numbered. Work Cited The Terminator. Dir. James Cameron. Perf. Arnold Schwarzenegger, Michael Biehn, Linda Hamilton, Paul Winfield. Artisan, 1984. Terminator 2: Judgment Day. Dir. James Cameron. Perf. Arnold Schwarzenegger, Linda Hamilton, Edward Furlong, Robert Patrick. Artisan, 1991.

Discuss Briefly the Influence of Body Language, Voice Modulation, Audience Awareness and Presentation Plan for Successful Oral Presentation? Essay

— Eye contact, facial expressions, posture, movements, gestures.Why is it useful? It is natural and a part of communication. to clarify meaning; it is very visual to vent nervousness to maintain interest to emphasize The golden rule is â€Å"Be natural and relaxed!† | * Positive body language * eye contact to keep audiences’ attention (Asian audience might feel aggressed.) facial expressions should be natural and friendly: raise eyebrows to show surprise – open eyes wide – squint your eyes – curl your eyebrows * the hands Lots of possibilities to emphasise, to enumerate. to express sincerity or reflexion Be conscious of what you do with your hands If you are unhappy, hold notes or cards to occupy them arm – movements back and forth to suggest flow. Open arms to include or welcome ideas * body movement to indicate a change of focus keep audience’s attention move forward to emphasize move to side to indicate a transition gesture up and down head motions are movements to indicate importance or acknowledgement pen or pointer to indicate part, place (on a transparency) shrug shoulder to indicate I don’t know or care * posture stand straight but relaxed (do not slouch or lean sideways) Lean forward to emphasize however No hands in pockets Negative body language Failing to make eye contact Do not look at your notes all the time Looking at the screen/board means your back is turned to the audience cutting contact Don’t stare, or look blankly into people’s eyes Avoid swaying back and forth like a pendulum Avoid leaning against walls Be aware of your nervous tics Do not fold your arms like a barrier While one hand in a pocket gives a very relaxed pose, both hands in pockets looks too casual and should be avoided The Voice The voice is probably the most valuable tool of the presenter. It carries most of the content that the audience takes away. One of the oddities of speech is that we can easily tell others what is wrong with their voice, e.g. too fast, too high, too soft, etc., but we have trouble listening to and changing our own voices. There are five main terms used for defining vocal qualities (Grant-Williams, 2002): * Volume: How loud the sound is. The goal is to be heard without shouting. Good speakers lower their voice to draw the audience in, and raise it to make a point. * Tone: The characteristics of a sound. An airplane has a different sound than leaves being rustled by the wind. A voice that carries fear can frighten the audience, while a voice that carries laughter can get the audience to smile. * Pitch: How high or low a note is. Pee Wee Herman has a high voice, Barbara Walters has a moderate voice, while James Earl Jones has a low voice. * Pace: This is how long a sound lasts. Talking t oo fast causes the words and syllables to be short, while talking slowly lengthens them. Varying the pace helps to maintain the audience’s interest. * Color: Both projection and tone variance can be practiced by taking the line â€Å"This new policy is going to be exciting† and saying it first with surprise, then with irony, then with grief, and finally with anger. The key is to over-act. Remember Shakespeare’s words â€Å"All the world’s a stage† — presentations are the opening night on Broadway! There are two good methods for improving your voice: 1. Listen to it! Practice listening to your voice while at home, driving, walking, etc. Then when you are at work or with company, monitor your voice to see if you are using it how you want to. 2. To really listen to your voice, cup your right hand around your right ear and gently pull the ear forward. Next, cup your left hand around your mouth and direct the sound straight into your ear. This helps you to really hear your voice as others hear it†¦ and it might be completely different from the voice you thought it was! Now practice moderating your voice. Questioning Keep cool if a questioner disagrees with you. You are a professional! No matter how hard you try, not everyone in the world will agree with you! Although some people get a perverse pleasure from putting others on the spot, and some try to look good in front of the boss, most people ask questions from a genuine interest. Questions do not mean you did not explain the topic good enough, but that their interest is deeper than the average audience. Always allow time at the end of the presentation for questions. After inviting questions, do not rush ahead if no one asks a question. Pause for about 6 seconds to allow the audience to gather their thoughts. When a question is asked, repeat the question to ensure that everyone heard it (and that you heard it correctly). When answering, direct your remarks to the entire audience. That way, you keep everyone focused, not just the questioner. To reinforce your presentation, try to relate the question back to the main points. Make sure you listen to the question being asked. If you do not understand it, ask them to clarify. Pause to think about the question as the answer you give may be correct, but ignore the main issue. If you do not know the answer, be honest, do not waffle. Tell them you will get back to them†¦ and make sure you do! Answers that last 10 to 40 seconds work best. If they are too short, they seem abrupt; while longer answers appear too elaborate. Also, be sure to keep on track. Do not let off-the-wall questions sidetrack you into areas that are not relevant to the presentation. If someone takes issue with something you said, try to find a way to agree with part of their argument. For example, â€Å"Yes, I understand your position†¦Ã¢â‚¬  or â€Å"I’m glad you raised that point, but†¦Ã¢â‚¬  The idea is to praise their point and agree with them as audiences sometimes tend to think of â€Å"us verses you.† You do not want to risk alienating them. Preparing the Presentation After a concert, a fan rushed up to famed violinist Fritz Kreisler and gushed, â€Å"I’d give up my whole life to play as beautifully as you do.† Kreisler replied, â€Å"I did.† To fail to prepare is to prepare to fail The first step of a great presentations is preplanning. Preparing for a presentation basically follows the same guidelines as a meeting (a helpful guide on preparing and conducting a meeting, such as acquiring a room, informing participants, etc.) The second step is to prepare the presentation. A good presentation starts out with introductions and may include an icebreaker such as a story, interesting statement or fact, or an activity to get the group warmed up. The introduction also needs an objective, that is, the purpose or goal of the presentation. This not only tells you what you will talk about, but it also informs the audience of the purpose of the presentation. Next, comes the body of the presentation. Do NOT write it out word for word. All you want is an outline. By jotting down the main points on a set of index cards, you not only have your outline, but also a memory jogger for the actual presentation. To prepare the presentation, ask yourself the following: * What is the p urpose of the presentation? * Who will be attending? * What does the audience already know about the subject? * What is the audience’s attitude towards me (e.g. hostile, friendly)? A 45 minutes talk should have no more than about seven main points. This may not seem like very many, but if you are to leave the audience with a clear picture of what you have said, you cannot expect them to remember much more than that. There are several options for structuring the presentation: * Timeline: Arranged in sequential order. * Climax: The main points are delivered in order of increasing importance. * Problem/Solution: A problem is presented, a solution is suggested, and benefits are then given. * Classification: The important items are the major points. * Simple to complex: Ideas are listed from the simplest to the most complex. Can also be done in reverse order. You want to include some visual information that will help the audience understand your presentation. Develop charts, graphs, slides, handouts, etc. After the body, comes the closing. This is where you ask for questions, provide a wrap-up (summary), and thank the participants for attending. Notice that you told them what they are about to hear (the objective), told them (the body), and told them what they heard (the wrap up). And finally, the important part — practice, practice, practice. The main purpose of creating an outline is to develop a coherent plan of what you want to talk about. You should know your presentation so well, that du ring the actual presentation, you should only have to briefly glance at your notes to ensure you are staying on track. This will also help you with your nerves by giving you the confidence that you can do it. Your practice session should include a live session by practicing in front of coworkers, family, or friends. They can be valuable at providing feedback and it gives you a chance to practice controlling your nerves. Another great feedback technique is to make a video or audio tape of your presentation and review it critically with a colleague.

Critical analysis and implications of the practice resulting from the Essay

Critical analysis and implications of the practice resulting from the exploration of the patient journey - Essay Example The terminology, â€Å"terminal illness† that emerged and spread in the mid 20th century refers to a condition that cannot sufficiently be treated and is thus expected to end in death after a given period. Among the conditions commonly considered terminal are progressive ones such as advanced trauma-related heart diseases and cancers (Winslow et al., 2005). Terminal diseases are thus conditions that finally end the sufferers’ lives. There are several stages of terminal illnesses that medical professionals should be familiar with. The fact that different patients and their families react differently to news about these stages implies that nurses and other medical professionals should know how to handle and communicate news about each of these stages. The first stage of a terminal illness is the disbelief phase during which most people are shocked and despaired at news about terminal illness. This phase is sometimes marked by feeling of guilt as one suspects he/she has do ne something wrong to deserve such an illness. The disbelief stage is followed by the stage of depression, which range from mild to moderate in intensity, calling for immediate family and professional support (medical therapy). Since there is no cure for terminal illnesses, only certain types of medical treatments such as treatment to ease breathing or reduce pain could be appropriate. While some incurably ill people accept aggressive treatments to reduce their suffering or in the hope of full recovery, others reject all unbearable treatments that might result in unwanted side effects and worsened condition (Abma et al., 2005). Still. Some opt to undergo untried treatments including radical dietary modifications in the hope that they could prove effective. To help manage pain, suffering, symptoms and to improve general patient life and wellbeing regardless of the management approach used, palliative care is often recommended. To provide the much needed emotional and spiritual suppor t for terminal illness patients and their families, hospice care is highly recommended. Further, supplementary care such as relaxation therapy, massage, and acupuncture are used to manage signs, symptoms and other causes of distress and pain. Analysis of â€Å"Patient Journey† An analysis of the ‘Patient Journey’ reveals several challenges that terminally ill patients encounter throughout the rest of their lives. Easily identified in the analysed case of the terminally ill John is the challenge of frequent admissions into health facilities. Accompanying these frequent admission are numerous treatments and therapies such as blood transfusion, which make the patient‘s life more painful and unbearable. In spite of these therapies and treatments, John’s condition continues to deteriorate, rendering him unconscious and unable to make decisions on his own about his health care. John’s family makes the situation worse since they respond to all questi ons directed at John. This scenario implies that the nurses could not engage the patient directly with questions regarding his health care (Abma et al., 2005). In fact, the patient’s family intervenes whenever the nurses wanted to relieve his pain by administering painkillers. Further, it is the family’s voice and opinion that was heard over John’

Coursework Management (Discussion Questions) Example | Topics and Well Written Essays - 750 words

Management (Discussion Questions) - Coursework Example The Mexican American Residents in Texas became U.S citizens following the precedent in Hernandez case. They were not initially treated as equals of Anglo citizens. 4. The Anglos, who settled in Texas, held stereotypes about the Mexican-Americans. They called them ‘wetback,' ‘greasers,' and ‘pepper belly.' They viewed them as being illegal with prejudices emanating from racial backgrounds. 5. The segregation of the Mexican Americans differed with that of the African-Americans in the African Americans were recognized by the law while the Mexican Americans were not. African Americans could, therefore, be represented on a jury while Mexican Americans could not. 6. About 750,000 Mexican American men served in the World War II. Their experience in the war changes the Mexican American view of themselves in that they saw themselves as people with a unique identity. As a result, they developed patriotism through which they fought for their rights. 7. The scandal concerning Private Felix Longoria pertains to the discovery of the remains of his body in Philippines where he had been killed on a volunteer mission during the World War II. The director of the funeral home where the remains of Felix was to be buried refused access to the chapel because previous disturbances by the Mexican Americans. That symbolized racial segregation. The controversy was ended through a committee of the members of Texas House of Representatives that investigated the matter.

Evolutionary Ethics Essay Example | Topics and Well Written Essays - 3000 words

Evolutionary Ethics - Essay Example What some evolutionists seem to say is that conduct which causes the doer of that conduct or even the race to which he belongs to survive is good conduct. It may be a plausible theory that prolongation of life in the individual or in the race is a good thing, so that all actions leading to it are good, but this is not an evolutionary theory of ethics. Like Sharmer (2004) wrote: "As we transition from kin and reciprocal altruism to species altruism and bio-altruism and as religion continues to give ground to science, we need a new ethic for an Age of Science, a new morality that not only incorporates the findings of science, but applies scientific thinking and the methods of science to tackling moral problems and resolving moral dilemmas. We have done well thus far, but we can do better" (p. 64) In contrast to the Shermer's statement, there seems to be something unstable about every evolutionary theory which tends to turn into a theory of a different type. This is especially true of the greatest revolutionary theories of ethics, that of the twentieth century philosopher, Michael Shermer. Is there a natural selection and a 'survival of the fittest' in the sphere of morality as there is in the sphere of biological evolution According to Shermer "with an ascending hierarchy of needs from self-survival of the individual (basic biological needs), to the extension of the individual through the family (the selfish gene), to a sense of bonding with the extended family (driven by kin selection [or] helping those most related to us), to the reciprocal altruism of the community (direct and obvious payback for good behaviours), to indirect altruism of society (doing good without direct payback), to species altruism and bio-altruism as awareness of our membership in the species and biosphere continue[d] to develop" (p. 20). If we were dealing with the positive science of ethics we could certainly make generalizations very like those that are made by the Shermer. Individuals and races may vary their conduct, just like the 'chance variations' of Shermer, and we may believe that certain varieties of conduct will lead the race or individuals that practise them to survive, while those practising other types of conduct will perish. There may be a struggle for existence in the world of men as in the world of animals; only in the developed stages of that struggle the qualities which lead to survival will change, as Spencer himself realized. According to Richard Dawkin, "such struggle engages not only human beings but lower beings too, all competing with each other for limited resources"1 (Bromberg). His philosophies are significant in realizing that human beings, in spite of everything, still act reluctantly on a biological level. The use of intelligence, as in the construction of aeroplanes and atomic bombs, and co-operation for

Choose from the book Essay Example | Topics and Well Written Essays - 1000 words

Choose from the book - Essay Example The collapse of the banks reduced bank loans leading to less expenditure than initial. The crash of the stock markets reduced the spending capability of individuals through fear of further economic woes. Unemployment and job losses led to a reduction of the purchasing power. Purchasing power is defined as the ability of the society to purchase goods and services. Increased purchases indicate the power of the society and improved welfare while reduced purchases indicate an ailing economy that needs intervention and support. The reduction of purchasing power of the economy at the time was an indication of the reduction of income earning and creation in the country. The situation was made worse with the inability of the banks to offer loans that could improve the purchasing power. The failure to offer loans to the citizens also indicated the situation of the banks in terms of financial strengths. Later, several banks collapsed and with the collapse came massive losses to the citizens th rough loss of savings and investments. The situation was so dire that banks' lost public confidence leading to the creation of the FDIC to offer support and security for individual savings. With such massive issues, the financial sector of the country was in shambles leading to the failure of the whole economy called the great depression. In addition, American economic policy changes as a result of the ailing economy. The government created the Smooth-Hawley Tariff to protect the American companies. The policy charged high tax for imports reducing the amount of trade between America and the rest of the world. The Smooth-Hawley Tariff protected the country production companies from competition. However, the mode of protection led to the isolation of the country because International Corporation could not venture into the country due to the expensive nature of business operations. Drought was an indirect facilitator of the economic problems witnessed in the country. The serious drough t occurred in the Mississippi valley, in 1930, leading to the sale of farm lands in order to remain afloat (Foner 90). While not affecting the economy directly, it helped in the shaping of the economic perspective of the country, to create a financial problem in the area. The drought did not have a massive influence on the economy but helped facilitate the already worse economy to decline. The role of Franklin Roosevelt in economy improvement After the depression witnessed the country struggled to recover from the failure with minimal success until the election of Franklin Roosevelt. Roosevelt enacted several Legislations through congress in a bid to help industrial and economic recovery. The creation of the National Recovery Administration was to foster operation between the government, business and labor in order to achieve success. During the first hundred days of his tenure, he instigated changes in the political leadership to solve the banking crisis with the main focus of the change to restore and not offer drastic change in the economy. The job losses and unemployment witnessed after the great depression had affected the lives of the citizens (Foner 121). In order to assist, the president instigated relief programs to support provision of basic needs to families and also help in spurring the economy. The relief programs helped to reduce starving of the citizens