The Federal Reserve Bank Research Paper Example | Topics and Well Written Essays - 1500 words

The Federal Reserve Bank - Research Paper Example Somewhat more than ten years after its opening, nonetheless, the new bank came into the line of sight of Andrew Jackson, who attempted to slaughter it after he was chosen president in 1828. After the second bank collapsed, state-sanctioned and uncharted â€Å"public banks† flourished. These banks issued their own notes, redeemable in gold or silver. Given that the National Banking Act, passed in 1863, attempted to provide a measure of cash strength, bank runs and money related frenzies stayed necessary into the mid-twentieth century. This was an episode of theory on Wall Street that bottomed out in 1907 (Paul, 1996). The advanced Fed follows its establishing to President Wilson, who came up with a group of counsels that created the proposition which eventually turned into the Federal Reserve Act, passed by Congress in 1913. The seven unique individuals from the FRB sit for a gathering representation, soon after being confirmed. They incorporate the first Chairman of the Federal Reserve, Charles Hamlin, and President Wilsons Treasury Secretary W.G. McAdoo. Today, the designated individuals from the board serve for staggering fourteen-year terms. Regardless of the chief aims of the Federal Reserve Act, hypothesis on Wall Street proceeded at a pace, prompting a crash in October of 1929. Researchers have proposed that the monstrous money related emergency that followed was exacerbated by the unwillingness of Fed to infuse more cash into the economy. To some degree due to this, almost 10,000 banks fizzled between 1930 and 1933 (Paul, 1996). Because of the emergency, Congress passed the Banking Act of 1933, otherwise called the Glass-Steagall Act that required the separation of business and investment; obliged the utilization of government securities as security for Federal Reserve notes. This led to the con struction of the Federal

Employee Training and Development Essay Example | Topics and Well Written Essays - 2250 words

Employee Training and Development - Essay Example The abstract is essentially a one-page summary of the entire dissertation incorporating the research problem, key findings and concepts, and main conclusion and recommendations. Human resource is often one of the major contributors in an organization's costs. Hence, it is imperative that these costs result to the creation of value to the firm at all times. It is therefore necessary that a company's human resources are properly equipped with the skills and knowledge to function as they are supposed to in attaining the organizational goals and objectives. Human resource training and development, therefore, is a continuous process and can be a source of an organization's competitive advantage. This importance of human resource training and development is the one of the main reasons why the researcher choose the topic. Moreover, as an aspiring human resource manager, the researcher believes that the knowledge to be learned during the research process will be invaluable to her career in human resource management. Furthermore, given the increasing diversity of the workforce, designing an effective but efficient human resource training and development process has become a key success factor. Interestingly, a human resource manager nowadays has to be adept in changing expectations from one context to another, from one location to another, from one country to another. This is due to the proliferation of multinational corporations and expatriate managers who are tasked to manage human resources from differing cultural background and work behaviors. Moreover, the global manager must also navigate the tricky relationship of culture, work place behavior and compensation preferences between these cultural contexts. By definition human resource training is a systematic activity in the acquisition of knowledge, skills and competencies needed to perform a job according to standards. On the other hand, human resource development is the process of changing an organization's workforce in order to achieve, maintain and enhance competitive advantage. According to Church, Margiloff and Corruzzi (1995) "[regardless] of [the] changes in an organization's environment, mission or structure, employee satisfaction and quality of [work life] remain significant concerns for most organizational change and development efforts" (p. 3). This means that these other factors have to be considered no matter what into human resource training and development. Lastly, the importance of human resource training and development has become undeniable that David Pollitt (2007) observe that employees now do recognize that the learning, training and development strategies of an organization is key to its success (p. 130). Problem Statement Human resource training and development is a costly activity. Hence, its results as regards the company's bottom line, specifically its productivity, must be worth the expense. Hence,