Animal farm essay

Animal farm essay Animal Farm Essay Animal Farm by George Orwell is a compelling book that represents the Russian revolution. Although viewing through the eyes of animals may seem like a childish concept, George does well into making sure that the book carries out the message of revolution. I, t  believe that George showed that Animal Farm was influence of the Russian revolution by the naming of the naming of the three pigshe condition of the farm, and because of the storys plot. Many of the animals in Animal Farm show some sort of connection with the Russian revolution. Most animals either represent a group of people, or an in/famous person. As the story starts to evolve from the rebellion to the Battle for the Windmill, the reader notices how the animals start to change. When Mr. Jones gets expelled for the farm, 3 smart pigs take of the farm: Squealer, Snowball, and Napoleon. These three animals all represent dictators the had a part in the Russian revolution. The most significant part about the names given to the pigs is that they all symbolize the dictators perfectly. Napoleon was a tough, fierce looking boar but was not much of a talker. This would symbolize Vladimir Lenin., the man who took the place as dictator after Tsar Nikolas II stepped down. Squealers name was the identity of Joseph Stalin, the man who kept on stalling the people by giving quick, persuasive speeches on how Lenin was improving the country. Snowball is then given to Trotsky because like Snowball, Trotsky split up with Lenin. In Animal Farm, these three pigs basically reenact what took place during the Russian revolution: betrayal, propaganda, and communism. Perhaps the best device Orwell used here was how he portrayed the three dictators as pigs, which shows how the name and appearance of the characters in this book are significant and related to the revolution. A reason I believe Animal Farm is about the Russian Revolution, was the choice of naming for the pigs During the whole book, Animal Farm was in very poor condition. During the beginning, Manor farm was a horrid place to live: with little food and lots of work everyday, it portrayed what Russia looked like during the time of revolution. Only during the early stages of the revolution was the economy slightly better than once before. Each time that Orwell describes the farm, it is always in a different condition, one which usually matched the condition of Russia. When Napoleon was ruling, the farm was in great economic trouble: the animals were always hungry while the pigs and dogs had enough to eat. This shows that the economy did not actually improve the animals lives, but instead started to benefit the other, higher members of society which is exactly what the Russian revolution resulted in. The condition of the house was a symbol of Russias state which shows how Animal Farm is connected with the Russian revolution. The final way that Orwell connects both Animal Farm and the Russian revolution, was by the plot of the story. During the entire book, all of the events that took place had at least some little significance with the Russian revolution. When Napoleon oppressed the animals by killing them, it was portraying what was known as Bloody Sunday. At the beginning of the novel, when Old Major is giving the speech about rebellion, it was all inspired by the old man known as Karl Marx. Even the event in which Mollie leaves shows the connection between the two. The easiest event to determine the the two, was most likely the scene were Boxer is taking away. If you think back to the revolution and back to Boxers motto ( I will try harder), you can easily see the Boxer is representing Russias working class. Because Russias working class was so loyal to Napoleon, most of them ended up for worse then before, and even worse, is the fact that Napoleon tossed away these people as if they were tools. The e xact same can be said for the Russian revolution. Lenin abused his people and Orwell demonstrates it very clearly and profoundly. I believe that George showed that Animal Farm was influence of the Russian revolution by the naming of the naming of the three pigs, the condition of the farm, and because of the storys plot. By renaming and reassigning of few characters and events, George Orwell has described the revolution into a book that can is comprehensive to both little kids and young adults.

Corporate Finance Essay

Introduction In 2001, the Tulsa, Oklahoma, Williams Company was in financial distress. The primarily energy-industry company was struggling with a shrinking energy trading market, which was marked by distressed entities such as Enron’s broadband unit and Global Crossing. Williams also suffered internally with a floundering telecommunications division and a plummeting stock price. These issues led credit rating agencies Moody’s and Standard & Poor’s to downgrade the credit rating of Williams’ bonds to the level of non-investment-grade junk bonds. Amidst all of this uncertainty, the company on January 21, 2002, announced a new CEO, Steven J. Malcolm. Malcolm realized one of the most important functions for Williams moving forward would be raising capital. Malcolm’s four-pronged plan to achieve this goal involved selling assets, reaching a resolution for its energy and trading book, managing and monitoring cash and businesses and â€Å"right-sizing† Williams to reflect the new scope of operations. However, Williams had a substantial amount of short-term and long-term debt maturing in the second half of 2002. In addition, its credit and commercial paper facilities needed to be renewed about the same time. With approximately $450 million dollars of cash on hand and only one undrawn revolving credit facility, Williams sought external financing to help meet its current cash flow needs. One group of investors led by Warren Buffett’s Berkshire Hathaway along with Lehman Brothers offered Williams a solution with a one-year $900 million loan. Under the terms of the agreement, each lender would loan $450 million to Williams Production RMT, a Williams subsidiary, whose major assets included natural gas properties in the Rocky Mountains. In addition to the repayment of the principal in one year, Williams would pay 5.8 percent interest quarterly and an additional 14 percent of the principal at maturity plus a â€Å"deferred setup fee.† The deferred setup fee would be equivalent to the greater of 15 percent of the principal or 21 percent of the purchase price less RMT’s indebtedness. This would be influenced by any further asset liquidation by RMT. The loan, guaranteed by Williams Company as well as certain subsidiaries, also contained several covenants that Williams must meet to avoid breach of contract. The positive covenants included maintaining an interest coverage ratio of greater than 1.5 to 1 and maintaining a fixed charge coverage ratio of at least 1.15 to 1. Negative covenants limited restrictive payments (including redemption of capital stock) and capital expenditures in excess of $300 million. Thorough evaluation of the terms and lending scenario reveals this loan would create a beneficial scenario not just for the lenders, but for the borrower as well. For Williams, the loan provided temporary relief from multiple short-term debt security maturations and enhanced the company’s ability to secure a credit facility of $700 million. This would likely be followed by favorable market reactions in the form of increased stock price as a result of decreased uncertainty of future cash flows. Also, any Buffett investments in Williams would signal a strong endorsement of the company’s future prospects, likely leading to increases in Williams’ stock price. Likewise, for Berkshire Hathaway and Lehman Brothers, this deal should supply high returns on investment. Assuming the loan would be held to maturity, the lenders would divide returns of approximately 34% on this loan. Given that Williams guaranteed the loan, backing it with asset and capital stock, such returns on this risk would be a huge win for both lenders. Although the risk-free rate would be necessary to determine the exact net present value of the investment opportunity facing Berkshire Hathaway and Lehman Brothers, sufficient information is available to find the project’s internal rate of return. The IRR for this agreement ranges between 11.87% and 13.01%. The return on investment (ROI) for this particular agreement ranges between 52% and 58%. In either case, the numbers range because of provision (c) listed in the case’s Exhibit 1. The â€Å"deferred setup fee† fluctuates depending on potential sales of RMT’s assets. Terms of the proposed financing Guarantees Those involved in the lending process establish financing terms to protect the positions of all parties. The debt guarantee in Williams’ proposed financing, for example, provided insurance for the repayment of debt. Williams would essentially act as a co-signer for Williams Production RMT’s obligations to Berkshire Hathaway and Lehman Brothers. Per the terms, Williams would have to agree to make payments in place of Williams Production RMT if any of the payments were late or not paid. Using a guarantor would allow Williams Production RMT access to a loan at a lower interest rate than if Williams had not secured the loan. The logic behind this is that two individuals or entities promising to pay back the debt means there is lessened risk for overall default. That means Berkshire and Lehman may be willing to accept a lower interest rate in return for less risk of loss. It is quite possible that Williams Production RMT would not have been able to obtain a loan without a gu arantee. Covenants Equity and debt investors have a somewhat adversarial position, though both want a company to succeed. Equity investors want the company to take a certain amount of risk so they have the chance of seeing large returns. Debt investors want a company to be more conservative to protect the issuer and to ensure that the company will repay its debts. Like many other companies, Williams’ top priority, however, is to maximize stockholder wealth. This creates a dilemma in a debt offering. Berkshire Hathaway and Lehman Brothers therefore use debt covenants to limit the amount of risk Williams can take in the hopes that the company’s actions will not endanger loan repayment. Collectively, these covenants outline the rights of the lenders and restrictions upon Williams in regards to the loan. When a company does not live up to its debt covenant, it breaches the contract. In theory, such action would trigger automatic payment to creditors. In reality, however, many companies default because they are not in good financial health and thus cannot pay. Therefore, breach of covenant usually means that the two parties renegotiate the terms of the debt, often calling for higher interest rates or other incentives for the issuer to allow Williams more time to pay. Williams’ financial problem During the first half of 2002, Williams suffered a number of financial difficulties. The company’s total cash flow decreased by 680.22 percent as compared with 2001. During the year, Williams’ only net positive cash inflows came from financing, which netted the company $1.061 billion. In contrast to cash inflows, the company’s outflows totaled $1.589 billion from operations and investing. Overall, the decrease can largely be attributed to the decrease in cash flow from operations, which amounted to a decrease of $2.566 billion. Specific to operations, much to blame is the company’s decrease in working capital of $879 million. To adjust for this decrease in cash flows, the company liquidated a number of assets in 2002. The most valuable included the Kern River and Williams pipelines, which generated immediate cash proceeds of $1.124 billion. The question remained, however, as to how Williams would be able to find a way to pay debts of $2.347 billion within the next year and eventually long-term debts of $11.972 billion. In May 2002, the firm sold another $1.7 billion in assets and announced its intention to sell an $1.5 to $3 billion in assets. Previously, in December 2001, Williams planned to cut its 2002 capital spending by 25 percent or $1 billion to bolster its balance sheet. Williams also issued $1 billion in equity-linked securities called FELINE PACS and decided to cut its dividend by 95 percent. While seemingly drastic measures, the negative total cash flow of $619 million reveals that reducing dividend payments and selling off two major sources of operating income was not sufficient for Williams to dig itself out from under its debt obligations without independent financial assistance. Signs of distress It was clear that Williams was in deep. Though the signs of distress were many, the most noticeable was that the company’s cash flows were insufficient to meet its short-term debt. Unless the company continued to take drastic action, it could have found itself entering into bankruptcy proceedings within the next year. Another concerning sign included that in 2002, Williams’ 95 percent decrease in dividend payments and its more than 90 percent decrease in stock price should have indicated that the firm was struggling. Particularly striking was the fact that dividend disbursements had been increasing for the prior 10 years and that Williams Communications stock closed at a mere $0.01 per share on July 31, 2002. Williams also sent strongly negative signals with its 2002 sales of its Kern River and Williams pipelines. Although these netted the company immediate cash amounting to $1.124 billion, the sale was made at the sacrifice of substantial cash inflows, suggesting this was an act of desperation. Investors weren’t the only ones receiving signs of Williams’ distress. Credit agencies also observed uncertainty in Williams’ future, as indicated by the company’s fluctuating credit ratings. With Williams in July 2002 settling at a B+ Standard & Poor’s long-term credit rating, the company saw resulting increases in bond yields. Whereas Williams had bond yields of approximately 7 percent in December 2001, its yields fell just under 20 percent in July 2002, further complicating its situation. Recommendation Williams’ plight left it with few options for restoring its financial solvency, and most were of limited feasibility. Williams could have issued additional equity at the then current stock price of $2.95 per share, though this would dilute the company’s current share base. In addition, most companies only hold seasoned equity offerings when they believe their stock is overpriced. Considering that Williams’ stock price had fallen by more than 90%, Williams should not consider an equity offering. The company also could have issued more bonds. This option was not feasible, however, due to the company’s credit downgrade.With Standard & Poor’s rating the company a B+ in July 2002, Williams would have to issue many bonds and pay a substantial yield amounting to just under 20 percent per annum. Williams also could have sold assets. Since Williams had already sold close to $3.0 billion in assets, however, selling more could damage the company’s ability to generate operating cash flows. Though Berkshire and Lehman presented an opportunity, most lenders were hesitant to provide Williams capital due to the company’s financial turmoil. This large, 35 percent interest loan appears to have the most favorable terms possible for Williams in its last-ditch effort to save itself. The real winner here, however, would be Berkshire Hathaway and Lehman Brothers, both of whom would glean a lucrative return on their investment, given it is successful. Williams, on the other hand, should agree to the loan only because it has no other feasible options.

United Technologie Essay Example For Free - Free Essay Example

Sample details Pages: 8 Words: 2490 Downloads: 9 Date added: 2017/06/26 Category Technology Essay Type Narrative essay Did you like this example? Introduction There is a growing body of evidence available in the published literature that suggests that anthropogenic activities are the primary cause of global warming and the subsequent climate change that has occurred and will occur due to global warming (Solomon et al., 2009). The increasing international agreement has resulted in a general consensus that there is a global need to coordinate the responses to the global threat that anthropogenic activities pose regarding negative environmental impacts (Ostrom, 2010). In order to adequately address the negative environmental impacts of anthropogenic activities it is necessary to understand how the aforesaid activities interact with the environment to enable the development of appropriate solutions. Don’t waste time! Our writers will create an original "United Technologie Essay Example For Free" essay for you Create order However, the acknowledgement of the current global environmental issues and the need for comprehensive action does not necessarily translate to strategic responses worldwide. There are many different aspects to the global response to environmental issues, one of which is the subject of this essay. The particular aspect of the global response that is considered in this essay is the adoption of environmental technologies: in particular, what determines the successful adoption of environmental technologies? The adoption of environmental technologies is a pivotal aspect of mitigating the impact of anthropogenic activities on the environment. This is due to the fact that it is unlikely that societies will regress to the point where the continuation of day-to-day existence will cease to impact negatively upon the environment. Features of modern living such as electricity consumption and the use of automobiles are unlikely to cease in the near future. Therefore in order to reduce the neg ative impact of the global society on the environment it is necessary to reduce the impact of everyday activities by substituting technologies that are harmful to the environment with technologies that at the very least reduce the environmental degradation if not cease it completely (Bergman and Eyre, 2011). It is a given that there is a global comprehension regarding how anthropogenic activities are degrading the environment, yet there has not been a cessation of the use of environmentally damaging technologies. Therefore the question that is asked within this essay is what determines the successful adoption of environmental technologies? If an answer to this question can be determined then it may be possible to use the findings to promote the adoption of environmental technologies on an increasingly widespread basis and thereby reduce the potential environmental degradation that is associated with the current level of technology use. The following paragraphs will discuss asp ects of the successful adoption of environmental technology. The factor of scale The level at which technologies are adopted is likely to have a substantial influence on the successful adoption of environmental technology. The scale of the levels at which technology is adopted run from the household level, the community level and the national level up to the international level. At each level there will be different dominant influencing factors that determine whether the adoption of environmental technology will be successful. However, it is also important to differentiate between which of these levels is likely to have the most influence over the other levels. For example, it is unlikely that the household level will have a significant influence over whether an environmental technology will be successfully adopted or not. This is because of the influence that will be had by those in control at the levels above the household level (i.e. all other levels). There will be a limited influence at the household level, for example in government responses to the desire of populations; however this influence is unlikely to be substantial overall. The National Scale It is much more likely that the national government will have a greater controlling influence over the successful adoption of environmental technologies than those individuals at the household level. This is due to the fact that the national governments set the policies and regulations for the country as a whole: an ideal method for expressing support or a lack of support for particular technologies (Jacobsson and Lauber, 2006). For example, the use of solar thermal technology as a means of producing hot water at the household level only became popular in the United Kingdom when the United Kingdom government introduced policy that was supportive of the use of solar thermal energy at the household level with the introduction of grants and supportive policies. A specific example is when the United Kingdom introduced the low carbon buildings programme which resulted in 3,000 solar thermal installations in the first two years; however the government subsequently reduced the grant fundi ng that was available for this programme and there was a corresponding drop in the number of solar thermal installations that were implemented (Bergman and Jardine, 2009). Overall, the adoption of renewable energy systems at the household level in the United Kingdom is low (Caird et al., 2008). The previous example demonstrates the extent of control that the national government possess in regards to the uptake and the successful adoption of environmental technology, although it should be noted that to some extent the policies of the government are likely to reflect the desires of the population, particularly in democratic nations. The increasing popularity and support among the general population for environmentally friendly technologies will go some way towards encouraging the governments to be supportive of environmental technologies. For example, there are numerous environmental groups, such as Greenpeace, that campaign for governments to introduce more extensive legislation to p rotect the environment from degradation, one aspect of which is the use of environmental technologies (Gough and Shackley, 2001). Thus it can be seen that the national government policies and legislation can be a key factor that can be highly influential in terms of the successful adoption of environmental technologies. It is not just the current government policies that can potentially be highly influential for the successful adoption of environmental technologies. The historical policies and technology use patterns can also have a substantial influence over the success of environmental technologies. For example, in Denmark the use of environmental technology to harness the wind for electricity generation has been occurring since the early 1900s, and in 1918 3% of the electricity needs of Denmark were generated by windmills (Beise and Rennings, 2005). This early adoption of harnessing wind for energy generation is most likely the primary reason for the extensive use of wind turb ines in Denmark in comparison to other countries (see figure 1). It should also be noted that Denmark had a more prolific use of wind turbines significantly earlier than many other countries (see figure 1). In comparison to Denmark, the United Kingdom utilises relatively little of the potential energy that they could generate from their wind resources (see figure 1). This is not because the environmental technology is not developed it can be seen from the successful implementation of wind turbines in other countries that the technology is fit for purpose, and the United Kingdom government is known to be supportive to the use of renewable energy technologies. Therefore there must be some other reason why there is relatively low exploitation of wind resources in the United Kingdom. One potential reason is the dislike of the wind turbine infrastructure that has been expressed by many organisations and individuals that inhabit areas near to proposed turbine sites (Jones and Eiser, 2 010). Another reason may also be the difference in policies to encourage the use of wind technologies between the United Kingdom and Denmark. Denmark has operated a policy based on the principle of renewable energy feed tariffs, whereas the United Kingdom has operated a policy termed bidding systems (Beise and Rennings, 2005). When examined in closer detail, studies have found that the renewable energy feed tariffs, such as that used by Denmark, are far superior to that of the bidding system in terms of promoting the proliferation and thus successful adoption of environmental technologies that are used for energy generation (Beise and Rennings, 2005). Figure 1. The extent of exploitation of wind for energy generation as a percentage of the total potential energy generation from wind (Beise and Rennings, 2005 p. 10). Thus it can be concluded that whilst the policy of the governing body is a key factor in the uptake of environmental technology at the national level, not all government policies are created equal. As is the case with wind energy in Denmark and the United Kingdom, both governments have policies in place that are meant to support the adoption of technology that allows the generation of energy from wind; however it is apparent that the Danish policy has enabled a greater adoption of the technology than the United Kingdom policy. The International Scale International policy is also likely to have an influence on the potential success of environmental technology adoption. There is a growing body of international treaties that are signed by numerous nations that detail the need for global action to reduce the impacts of anthropogenic activities on the environment. An example of these treaties is the Kyoto protocol. The Kyoto protocol is an international agreement regarding the issues of global warming and climate change, within which the signatory nations agree to reduce the emissions of greenhouse gases, particularly those that are carbon-based, with the aim of achieving eventually atmospheric levels that are equal to a 1990 base level (Manne and Richels, 2000). Several methods have been introduced by the signatory countries to achieve this, including the introduction of regulations that require the limiting of emissions. In order to limit emissions from processes that previously would have emitted greenhouse gases, new environm ental technologies have to be introduced that either do not emit these gases or capture the gases before emission. However, it is not just the signatory countries which have agreed to limit their emissions that have introduced new environmental technology adoption (again through the medium of government policy and regulation), but also some countries which are not required to actively reduce their emissions (due to their development status) that have introduced environmental technologies to achieve this aim for example China (Fang et al., 2001). China has made significant gains in reducing their emissions of greenhouse gases by introducing the successful adoption of environmental technologies through policies and regulations. Indeed, the emissions reductions of China could potentially exceed those of the countries required under the Kyoto protocol to reduce their emissions (Zhang, 2010). It is possible that the driving factors for the adoption of the new environmental technologi es in China are due to a combination of the relatively extreme impact on the environment that anthropogenic activities have precipitated in China, a desire to increase their economic growth, and an additional desire to operate in the global market (Liu and Feng, 2011). The adoption of environmental technology in China is a relatively new occurrence. Previously the focus in China was on economic growth, with little concern for the environmental impact: therefore there was little to no environmental regulations in place with few incentives for the adoption of environmental technologies (Zhang, 2010). This is an issue that was noted in a study that was conducted by Popp (2010), who suggested that the proliferation of environmental technology is intrinsically linked to the proliferation of environmental regulations. Therefore a country that has poor environmental regulations is highly likely to not have seen the successful adoption of environmental technology. In a similar vein, a st udy conducted by Costantini and Crespi (2008) concluded that when environmental regulations are more extensive and stringent, there is an increase in the investments that are made in environmental technologies, thereby likely increasing the successful adoption of environmental technologies as the technologies mature and become more generally regarded as reliable. Conclusions In conclusion, it was found that there is an intrinsic link between policy and regulations, be it on an international or a national level, and the successful adoption of environmental technologies. Whilst it was found that there were also other factors that could potentially influence the successful adoption of environmental technologies, these factors were considered to be incidental when compared to the influence of policy and regulations. The influence of policy and regulations on the successful adoption of environmental technology is suggested to occur because the regulations and legislation of governing bodies are not something that can easily be ignored without repercussions; thus it could be said that this method of introduction to the option of environmental technology is not a choice, but rather forces individuals, communities and businesses to implement environmental technologies in their homes and workplaces. The link between policy and the successful adoption of envi ronmental technologies was further highlighted when considering developing countries such as China. Prior to the introduction of environmental policies there was little to no proliferation of environmental technology within China it was only subsequent to policy changes that environmental technologies began to be adopted. Therefore in order to support the adoption of environmental technologies it is of extreme importance that the national policies of the governing bodies are supportive of environmental technologies in order to reduce the environmental degradation caused by anthropogenic activities. References Beise, M., Rennings, K. (2005). Lead markets and regulation: a framework for analyzing the international diffusion of environmental innovations. Ecological economics, 52(1), 5-17. Bergman, N., Jardine, C. (2009). Power from the people: domestic microgeneration and the Low Carbon Building Programme, ECI Research Report 34. University of Oxford, Environmental Change Institute. Available online at: www.eci.ox.ac.uk/publications/downloads/bergmanjardine09powerpeople.pdf (Accessed 01/2015). Bergman, N., Eyre, N. (2011). What role for microgeneration in a shift to a low carbon domestic energy sector in the UK?. Energy Efficiency, 4(3), 335-353. Caird, S., Roy, R., Herring, H. (2008). Improving the energy performance of UK households: Results from surveys of consumer adoption and use of low-and zero-carbon technologies. Energy Efficiency, 1(2), 149-166. Costantini, V., Crespi, F. (2008). Environmental regulation and the export dynamics of energy technologies. Ecological Ec onomics, 66(2), 447-460. Fang, J., Chen, A., Peng, C., Zhao, S., Ci, L. (2001). Changes in forest biomass carbon storage in China between 1949 and 1998. Science, 292(5525), 2320-2322. Gough, C., Shackley, S. (2001). The respectable politics of climate change: the epistemic communities and NGOs. International Affairs, 77(2), 329-346. Jacobsson, S., Lauber, V. (2006). The politics and policy of energy system transformationà ¢Ã¢â€š ¬Ã¢â‚¬ explaining the German diffusion of renewable energy technology. Energy policy, 34(3), 256-276. Jones, C. R., Eiser, J. R. (2010). Understanding local opposition to wind development in the UK: How big is a backyard?. Energy Policy, 38(6), 3106-3117. Liu, C Feng, Y.. (2011). Low-carbon economy: theoretical study and development path choice in China. Energy Procedia, 5, 487-493. Manne, A. S., Richels, R. G. (2000). The Kyoto Protocol: a cost-effective strategy for meeting environmental objectives?. In Efficiency and equity of cl imate change policy (pp. 43-61). Springer Netherlands. Ostrom, E. (2010). Polycentric systems for coping with collective action and global environmental change. Global Environmental Change, 20(4), 550-557. Popp, D. (2010). Exploring links between innovation and diffusion: adoption of NOx control technologies at US coal-fired power plants. Environmental and Resource Economics, 45(3), 319-352. Solomon, S., Plattner, G. K., Knutti, R., Friedlingstein, P. (2009). Irreversible climate change due to carbon dioxide emissions. Proceedings of the national academy of sciences, 106:6, pp. 1704-1709. Zhang, Z. (2010). China in the transition to a low-carbon economy. Energy Policy, 38(11), 6638-6653.

The Industrial Revolution Was a Time of New Methods of...

The Industrial Revolution began in late 1700s England. It was a time of new methods of work, inventions, products, and more job availabilities. Thus it was one of the most important moments in history, and it changed the world as it was known. This resulted in the many successes of the 20th and 21st century. Without it, there would never have been all the technology and inventions we now have today such as computers, phones, cameras, or all the new and improved medicines. Agriculture was no longer the main business, as factories started popping up all everywhere. This made the job industry what it is today. Also while the Industrial Revolution was a great turning point in the history of humanity, the results and conditions led to a lot of†¦show more content†¦None of them were educated, and some of them couldn’t read or write! He also said that the children were frequently strapped. This meant that if the children weren’t paying attention they were beaten. Even though the work was really tough the outcome was pretty great. Through time all their hard work was eventually paid off and the workers got a lot of luxuries in return. One positive effect was the luxuries the factory workers received for their hard work. In The Man’s Working Companion in Document 4 it states due to all the hard the work was getting done so quick and all the money that was earned the workers got homes that were built nicely, their clothes were cheaper and nicer, they received many domestic utensils a, and traveling was quicker and cheaper. This made their lives outside the factories much more simple and luxurious. This is what really caught the eye of other people; they wanted to be a part of the easy life. So they became a part of the population and more work got done and more money was made. Also, in Manchester in 1844 in Document 6, Faucher says that the workers did not have the best working environment or the most sufficient diet; they did get pretty de cent amounts of money for their weekly allowances and got nice homes to rent. Even though this outcome wasn’t as beneficial as the previous one their life was still improved. The overall viewpoint was from the workers, butShow MoreRelated Industrial Revolution in the City Essay1193 Words   |  5 PagesIndustrial Revolution in the City The Industrial Revolution was a period of great change for the country of England. Products went from being produced in households and by small businesses to being mass-produced by large industries. Products became cheaper and living conditions improved, but not at first for the working class. Terrible working conditions and hard lives sums up the status of the working class during the Industrial Revolution. 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