Friday, May 8, 2020

How to Select the Right Social Issue Ideas

How to Select the Right Social Issue IdeasSocial Issue Ideas can be a very difficult task to find. However, if you are looking for the right ones, it would be best to follow a few simple guidelines. In this article I will outline a few guidelines to help you when you are searching for ideas.Social Issues is all around us. They include: Racial and ethnic tensions, Political and social issues in our society, Environmental issues, World events and many more. These issues are in fact very real and we live in a very volatile world. It is a very common belief that most of the time, social issues are the problem. However, it is true that not all issues are created equal, and sometimes it is necessary to address issues that we need to address in order to move forward.The most common problem that most of us face is ignorance. We all have the ability to understand and accept things better. We all can change what we think, but how? The answer, as always, is that we need to start by changing our beliefs and learning how to change them.Once you have found the ideas, the next step is to pick the ones that you feel best represent your belief system. In doing so, you will be able to reflect on which of the ideas actually reflect who you are and what your values are. For example, is it because you believe in an individual versus a society? Is it just because of the things that you have heard, read or seen? When you have the correct ideas, the rest will come much easier.So now you have all of your ideas, where do you go from here? Well, it's not necessarily easy. You will need to be very clear about the ideas that you are interested in. Do not simply choose the first idea that comes to mind, but think very hard aboutit and find the most logical one.You will need to be very careful about not selecting any ideas that are contradictory to your beliefs and values. For example, if you believe in the right to health care, you will want to keep in mind that there is a strong possibilit y that you could lose that right. Likewise, if you believe in a free market, you should not make the choice to support free markets in place of socialism. The point is to make the right decision, and not to select one idea to oppose another. By following these guidelines, you can find the right idea and begin the process of turning your beliefs into reality.As you can see, there are many different topics that you can choose to discuss, when you are searching for the right topic to talk about. Social Issue Ideas is all around us, and it is our job to take a stand and make a difference. It is up to us to find the best ideas that will make a difference, and we must do so quickly!

Wednesday, May 6, 2020

The Lost Children Of Rockdale County - 916 Words

In the video â€Å"The Lost Children of Rockdale County† produced by Dretzin and Goodman in 1999, portrays the life of teenagers engaging in peer delinquency, sexual behavior, and drugs and alcohol consumption. The video portrays the life of Nicole a 14 year old female who had engaged in sexual behavior, delinquent activity and lived under lack pf parental supervision. The General Theory of Crime and Delinquency is defined as â€Å"Motivations for crime include reinforcements for criminal activity, exposure to successful criminal models, learnijng beliefs favorable to crime† (Frailing Harper, 2013. p.156). Robert Agnew’s theory can be related into Nicole’s life, because the environment in which she grew clearly affected the five domains explained in the theory. The family domain was affected because Cindy’s (Nicole’s mother) lack of parental attachment during Nicole’s infancy affected the relationship. Nicole argues that she started t o engage in a risky behavior because she wanted to obtain her mother’s attention because her mother worked full time and didn’t had time to monitor her behavior. The parental domain is defined as the most critical aspect in relation to crime because the poor parental supervision and discipline will have an effect on the teenager’s behavior in response to the environment (peer pressure or delinquency). Nicole also stated that in middle school adolescents engaged in unprotected sexual intercourse because they experience peer pressure. The school domainShow MoreRelatedRape Is Not On The Top Of My Safety Concerns1557 Words   |  7 Pagesoverlapped. I have heard of the ovulation term used before, but I did not realize how precise in timing it is for females. 5. I truly did not find any topic controversial or incongruent with my beliefs. I can discuss that I did find The Lost Children of Rockdale County, a bit disturbing. I was disturbed that the preteens and teenagers were doing such risky behaviors and they felt it was no big deal. It amazed me how the parents remained oblivious and unaware. Another part of this class that was

Tuesday, May 5, 2020

What Dont you Know free essay sample

I dont know you. I dont know what you would do with a million dollars, or why your fears are so daunting. I dont know if the things that you should be doing are interfering with things that you want to be doing, or the other way around. In those final hours, will you pray to a God, or face the great unknown with individual meaning? I do not know if you could take a life. I do not know what your future holds. I cannot know all that you dream at night. But I do know that you and me, I and I, are connected in every way. I cannot know all that I dream at night. I dont know what my future holds. I dont know if I could take a life. In those final hours, will I pray to a God, or face the great unknown with my own meaning? I dont know why my fears are so daunting, or what I would do with a million dollars. We will write a custom essay sample on What Dont you Know? or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I dont know if the things that I should be doing are interfering with the things that I want to be doing, or the other way around. I dont know myself.

Wednesday, April 15, 2020

Risk and Return Past and Prologue Essay Example

Risk and Return: Past and Prologue Essay CHAPTER 05 RISK AND RETURN: PAST AND PROLOGUE 1. The 1% VaR will be less than -30%. As percentile or probability ofa return declines so does the magnitude of that return. Thus, a 1 percentile probability will produce a smaller VaR than a 5 percentile probability. 2. The geometric return represents a compounding growth number and will artificially inflate the annual performance of the portfolio. 3. No. Since all items are presented in nominal figures, the input should also use nominal data. 4. Decrease. Typically, standard deviation exceeds return. Thus, an underestimation f 4% in each will artificially decrease the return per unit of risk. To return to the proper risk return relationship the portfolio will need to decrease the amount of risk free investments. 5. Using Equation 5. 6, we can calculate the mean of the HPR as: E(r) = = (0. 3 C] 0. 44) + (0. 4 0 0. 14) + [0. 3 (-0. 16)] = 0. 14 or using Equation 5. 7, we can calculate the variance as: var(r) = 02 = [0. 3 + [0. 4 + [0. 3 (-0. 16-0. 14)2] -0. 054 Taking the square root of the variance, we get SD(r) = 0 = 23. 24% = 0. 2324 or 6. We use the below equation to calculate the holding period return of each cenario: HPR = a. The holding period returns for the three scenarios are: Boom: = Normal: (43-40+ Recession: (34-40+0. 0)/40 = -0. 1375 = -13. 75% E(HPR) = = [(1/3) 0. 30] + [(1/3) 0. 10] + [(1/3) (-0. 1375)] -0. 0875 or 8. 75% var(HPR) = [(1/3) (0. 30 0. 0875)2] + [(1/3) (0. 10 0. 0875)2] + [(1/3) (-0. 1375 0. 0875)2] = 0. 031979 SD(r) = = = 0. 1788 or 17. 88% = 0. 5 017. 88% = 8. 94% 7. a. Time-weighted average returns are based on year-by-year rates of retu rn. Year Return = [(Capital gains + Dividend)/Price] 2010-2011 (110- 100 + or 14. 00% 2011-2012 (90- 110 + -0. 1455 or -14. 5% 2012-2013 (95-90+4)/90- 0. 10 or 10. 00% Arithmetic mean: [0. 14 + (-0. 1455) + 0. 10]/3 = 0. 0315 or 3. 5% Geometnc mean: = 0. 0233 or 2. 33% b. Date 111/20101/1/2011 1/1/20121/112013 Net cash Flow -300 -208 110 396 Time Net Cash flow Explanation O -300 Purchase of three shares at $100 per share 1 -208 Purchase of two shares at $110, plus dividend income on three shares held 2 110 Dividends on five shares, plus sale of one share at $90 3 396 Dividends on four shares, plus sale of four shares at $95 per share The dollar-weighted return is the internal rate of return that sets the sum of the resent value of each net cash flow to zero: 0=-$300 ++ + Dollar-weighted return = Internal rate of return = 8. . Given that A = 4 and the projected standard deviation of the market return = 20%, we can use the below equation to solve for the expected market risk premium: A = 4 † E(rM) AOM2 = 4 (0. 20)0 = 0. 16 or b. solve E(rM) 0. 09 = AOM2 = A (0. 20)0 , we can get A = 0. 09/0. 04 = 2. 25 c. Increased risk tolerance means decreased risk aversion (A), which results in a decline in risk premiums. 9. From Table 5. 4, we find that for the period 1926 2010, the mean excess return for 00 over T-bills 7. 98%. 10. We will write a custom essay sample on Risk and Return: Past and Prologue specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Risk and Return: Past and Prologue specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Risk and Return: Past and Prologue specifically for you FOR ONLY $16.38 $13.9/page Hire Writer To answer this question with the data provided in the textbook, we look up the real returns of the large stocks, small stocks, and Treasury Bonds for 1926-2010 from Table 5. 2, and the real rate of return of T-Bills in the same period from Table 5. 3: Total Real Return Geometric Average Large Stocks: 6. 43% small stocks: 8. 54% Long-Term T-Bonds: 2. 06% Total Real Return Arithmetic Average Large Stocks: 8. 00% small stocks: 13. 91% Long-Term T-Bonds: 1 . 76% T-Bills: 0. 68% (Table 5. 3) 11. a. The expected cash flow is: (0. 5 $50,000) + (0. $100,000 With a nsk remium of 10%, the required rate of return is 15%. Therefore, if the value of the portfolio is X, then, in order to earn a 15% expected return: solving x 00(1 + 0. 15) = $100,000, we get x = $86,957 b. If the portfolio is purchased at $86,957, and the expected payoff is $100,000, then the expected rate of return, E(r), is: The portfolio price is set to equate the expected return with the required rate of return. c. If the ris k premium over T-bills is now 15%, then the required return is: The value of the portfolio (X) must satisfy:x 00(1 + 0. 20) = $100, OOO X = $83333 d. For a given expected cash flow, portfolios that command greater risk premiums must sell at lower prices. The extra discount in the purchase price from the expected value is to compensate the investor for bearing additional risk. 12. a. Allocating 70% of the capital in the risky portfolio P, and 30% in risk-free asset, the client has an expected return on the complete portfolio calculated by adding up the expected return of the risky proportion (y) and the expected return of the proportion (1 y) of the risk-free investment: E(rC) = y 0 E(rP) + (1 -y) 0 rf = (0. 7 0. 17) + (0. 3 0. 07) = 0. or per year The standard deviation of the portfolio equals the standard deviation of the risky fund times the fraction of the complete portfolio invested in the risky fund: DC = y OOP = 0. 7 0 0. 27 = 0. 189 or 18. 9% per year b. The investment proportions of the clients overall portfolio can be calculated by the proportion of risky portfolio in the complete portfolio times the proportion Security Investment Proportions T-Bills 30. 0% stock A stock B stockC 0. 7040% = 28. 0% c. We calculate the reward-to-variability ratio (Sharpe ratio) using Equation 5. 14. For the risky portfolio: s For the clients overall portfolio: 3. = 0. 704 a. -Y)orf 0. 17+(1 -Y) 0 0. 07 = 0. 15 or per year Solving for y, we get y = = 0. 8 Therefore, in order to achieve an expected rate of return of 1 5%, the client must invest 80% of total funds in the risky portfolio and 20% in T-bills. the proportion of risky asset in the whole portfolio times the proportion allocated in each stock. Security Stock A stock C Investment Proportions 20. 0% 0. 8 21 0. 8 0 = 26. 4% 0. 8 = 32. 0% d. The standard deviation of the complete portfolio is the standard deviation of the risky portfolio times the fraction of the portfolio invested in the risky asset: DC = y 0. 8 0. 27 = 0. 216 or 21. % per year 14. a. Standard deviation of the complete portfolio= DC = y 0 0. 27 If the client wants the standard deviation to be equ al or less than 20%, then: y = (0. 20/0. 27) = 0. 7407 = 74. 07% b. +0. 7407 0. 10 15. a. Slope of the CML = = 0. 24 See the diagram below: = 0. 1441 or 14. 41% b. Your fund allows an investor to achieve a higher expected rate of return for any given standard deviation than would a passive strategy, i. e. , a higher expected return for any given level of risk. 16. a. With 70% of his money in your funds portfolio, the client has an expected rate of eturn of 14% per year and a standard deviation of 18. % per year. If he shifts that money to the passive portfolio (which has an expected rate of return of 13% and standard deviation of 25%), his overall expected return and standard deviation would become: E(rc) = rf+ 0. 7 rn In this case, 7% and E(rM) = 13%. Therefore: E(rc) = 0. 07 + (0. 7 0. 06) = 0. 112 or 11. 2% The standard deviation of the complete portfolio using the passive portfolio would be: OC = 0. 7 00M = 0. 7 0. 25 = 0. 175 or 17. 5% Therefore, the shift entails a decline in the mean from 14% to 1 1. 2% and a decline in he standard deviation from 18. 9% to 17. 5%. Since both mean return and standard deviation fall, it is not yet clear whether the move is beneficial. The disadvantage of the shift is apparent from the fact that, if your client is willing to accept an expected return on his total portfolio of 1 1. 2%, he can achieve that return with a lower standard deviation using your fund portfolio rather than the passive portfolio. To achieve a target mean of 1 1. 2%, we first write the mean of the complete portfolio as a function of the proportions invested in your fund portfolio, y: + y (17% = + ooy Because our target is E(rC) = 1 1. %, the proportion that must be invested in your fund is determined as follows: 11. 2% = + ooy = = 0. 42 The standard deviation of the portfolio would be: oc = y 0 = 0. 42 0 = 11. 34% Thus, by using your portfolio, the same 1 1. 2% expected rate of return can be achieved with a standard deviation of only 1 1. 34% as opposed to the standard deviation of 17. 5% using the passive portfolio. b. The fee would reduce the reward-to-variability ratio, i. e. , the slope of the CAL. Clients will be indifferent between your fund and the passive portfolio if the slope of Slope of CAL with fee = Slope of CML (which requires no fee) = Setting these slopes equal and solving for f: 0. 24 = 6. 48% 6. 48% = 3. 52% per year 17. Assuming no change in tastes, that is, an unchanged risk aversion, investors perceiving higher risk will demand a higher risk premium to hold the same portfolio they held before. If we assume that the risk-free rate is unaffected, the increase in the risk premium would require a higher expected rate of return in the equity market. 18. Expected return for your fund = T-bill rate + risk premium = 6% + 10% = 16% Expected return of clients overall portfolio = (0. 16%) + (0. 4 0 6%) = 12% Standard deviation of clients overall portfolio = 0. 6 0 14% = 8. 4% 19. Reward to volatility ratio = = 0. 7143 20. Excess Return (%) a. In three out of four time frames presented, small stocks provide worse ratios than large stocks. b. Small stocks show a declining trend in risk, but the decline is not stable. 21 . For geometric real returns, we take th e geometric average return and the real geometric return data from Table 5. 2 and then calculate the inflation in each time frame using the equation: Inflation rate = (1 + Nominal rate)/(l + Real rate) 1. The VaR is not calculated, since the values used to determine the VaR in Table 5. 4 are not provided. Comparing with the excess return statistics in Table 5. 4, in three out of four time frames the arithmetic real return is larger than the excess return, and the standard deviation of the real return in each time frame is lower than that of the excess Comparing the nominal rate with the real rate of return, the real rates in all time frames and their standard deviation are lower than those of the nominal returns. Comparison The combined market index represents the Fama-French market factor (Mkt). It is better diversified than the S 500 index since it contains approximately ten times as many stocks. The total market capitalization of the additional stocks, however, is relatively small compared to the S 500. As a result, the performance of the value- weighted portfolios is expected to be quite similar, and the correlation of the excess returns very high. Even though the sample contains 84 observations, the standard deviation of the annual returns is relatively high, but the difference between the two indices is very small. When comparing the continuously compounded excess returns, e see that the difference between the two portfolios is indeed quite small, and the correlation coefficient between their returns is 0. 99. Both deviate from the normal distribution as seen from the negative skew and positive kurtosis. Accordingly, the VaR (5% percentile) of the two is smaller than what is expected from a normal distribution with the same mean and standard deviation. This is also indicated by the lower minimum excess return for the period. The serial correlation is also small and indistinguishable across the portfolios. As a result of all this, we expect the risk premium of the two portfolios to be similar, s we find from the sample. It is worth noting that the excess return of both portfolios has a small negative correlation with the risk-free rate. Since we expect the risk-free rate to be highly correlated with the rate of inflation, this suggests that equities are not a perfect hedge against inflation. More rigorous analysis of this point is important, but beyond the scope of this question. CFA 1 Answer: V(12/31/2011) = (1/1/2005) O (1 + = $100,000 (1. 05)7 = $140,710. 04 CFA2 Answer: a. and b. are true. The standard deviation is non-negative. CFA3 Answer: c. Determines most of the portfolios return and volatility over time. Answer: Investment 3. For each portfolio: Utility = E(r) Investment E(r) 0 Utility 02) 1 0. 12 2 0. 15 3 0. 21 4 0. 24 0. 30 0. 50 0. 16 0. 21 -0. 0600 -0. 3500 0. 1588 0. 1518 We choose the portfolio with the highest utility value. CFA 5 Answer: Investment 4. When an investor is risk neutral, A = O so that the portfolio with the highest utility is the portfolio with the highest expected return. CFA 6 Answer: b. Investors aversion to risk. CFA 7 Answer: = [0. 2 0 (-0. 20)] + (0. 5 0 0. 18) + (0. 3 0. 50) = 0. 20 or E(rY) = [0. 2 (-0. 15)] + (0. 5 0. 20) + (0. 0. 10) = 0. 10 or CFA8 OX2 = [0. 2 0 (-0. 0 0. 20)2] + [0. 5 0 (0. 18 0. 20)2] + [0. 3 0 (0. 50 0. 20)2] 0. 2433 = 24. 33% OY2 = [0. 2 0 (-0. 15 0. 10)2] + [0. 5 (0. 20 0. 10)2] + [0. 3 (0. 10 0. 10)2] 0. 1323= 13. 23% CFA 9 E(r) = (0. 9 0. 20) + (0. 1 00. 10) = 0. 19 or 19% CFA 10 = 0. 0592 ox = 0. 0175 = The probability is 0. 5 that the st ate of the economy is neutral. Given a neutral economy, the probability that the performance of the stock will be poor is 0. 3, and the probability of both a neutral economy and poor stock performance is: 0. 3 0. 5=0. 15 E(r) = (0. 1 00. 15) + (0. 6 0. 13) + (0. 3 0. 07) = 0. 114 or 11. 4%

Thursday, March 12, 2020

Budgets An explanation of the use of budgets as a means of exercising financial control in Name It Ltd Essays

Budgets An explanation of the use of budgets as a means of exercising financial control in Name It Ltd Essays Budgets An explanation of the use of budgets as a means of exercising financial control in Name It Ltd Essay Budgets An explanation of the use of budgets as a means of exercising financial control in Name It Ltd Essay Fixed costs are costs that the business have to pay that dont change over a short period of time. As the product sale or service increases the costs stay the same. The same amount is paid regardless of the level of production. Fixed costs can include: the rent charge, electricity bills, gas bills, telephone bills, advertising costs or insurance prices. Variable Costs Variable costs are costs that they business have to pay but it is possible that they will change as the output increases. Variable costs can include: raw materials, delivery costs or packaging costs. Break-Even: Businesses should aim to break even to ensure they are going to survive in the future. Break-even is where the business doesnt make enough sales to make a profit but they make enough sales to avoid making a loss. The point of break-even is shown on a graph that businesses produce to see how well they are doing financially. The below diagram shows a break-even chart. bbc.co.uk/schools/gcsebitesize/business/finance/profitabilityrev2.shtml To calculate break-even: Break-even point = fixed costs (unit selling price variable costs) The calculation of break-even tells you how many units of a product you will need to sell in order to break-even. Budgets A budget is like a plan that businesses make. They plan it on their predictions of what they think is going to happen for them in future months / years and is a estimate of expected income and expense for a a certain period in time. It gives the business an idea of their financial situation and helps them to track their money. Name It Ltd use budgets for several reasons, these reasons include: à ¯Ã‚ ¿Ã‚ ½ Name It Ltd will have enough money to buy in enough supplies for their sales because they wouldve been tracking their money income and outcome. à ¯Ã‚ ¿Ã‚ ½ Suppliers give discounts when a business pay them on time, having a budget will allow Name It Ltd to be able to afford to pay straight away. Paying on time also helps Name It Ltd to avoid paying interest, getting a bad credit rating and possible bankruptcy. à ¯Ã‚ ¿Ã‚ ½ They will be able to save money for the use of retained profit if they have a bad month. They will also be able to save money for contingencies. à ¯Ã‚ ¿Ã‚ ½ They will have enough money to make investments if that is what they need to do. à ¯Ã‚ ¿Ã‚ ½ Budgeting will also help Name It Ltd to expand and develop their business in the future. What control / budget does Name It Ltd need to do? Name It Ltd need to control and budget their spending. They need to keep a track off all money that is going out of the business. These expenses could include staff wages, rent for their offices or other buildings, and raw materials. They also need to keep a track of any of their income, for example sales made. Name It Ltd also need to take into account any money they will have coming in or going out of the business in future months. They need to set themselves a maximum amount of money to spend each month so they dont run into debt. Variance Calculations Variance calculations are the difference between the budget a business had set and what actually happened in practice. Name It Ltd have variances in their budgets. I will give some examples. Name It Ltd put a budget on their raw materials as à ¯Ã‚ ¿Ã‚ ½34,600 however they ended up spending à ¯Ã‚ ¿Ã‚ ½42,000 on their raw materials for 2010. This gives them the variance of à ¯Ã‚ ¿Ã‚ ½7,400 which shows that the business did not stick to their budget as they exceeded it. They put a budget of à ¯Ã‚ ¿Ã‚ ½1,300 on their electricity but actually ended up spending à ¯Ã‚ ¿Ã‚ ½2,000 in 2010 this means their variance was à ¯Ã‚ ¿Ã‚ ½700 which also shows that Name It Ltd has not stuck to their budget, this means they could face possible bankruptcy. Name It Ltd put a budget of à ¯Ã‚ ¿Ã‚ ½12,000 on their rent for 2010, they ended up spending à ¯Ã‚ ¿Ã‚ ½12,000 which meets their budget without going over it. This is what the business should be aiming for in order to control their costs and reduce the risk of their business failing.

Tuesday, February 25, 2020

Work and Employee Relations in the call centre Essay

Work and Employee Relations in the call centre - Essay Example Employees working in call centres have to get used to the system which is highly monitored and constantly under surveillance by supervisors because of the computer technology integrated into telephone use. Notably, call centres exhibit certain characteristics of Fordist organization/ Taylorist organization. The article addresses the different theoretical perspectives governing call centres and goes further to describe a study carried out in a bid to establish the opinions of call centre employees regarding the type of organization and work related tasks. It emerges that, the employees face the pressure of conforming to the highly computerized inbound and outbound telephone services while bearing with the constant surveillance by the management. This is the reason why employees have been described as participating in emotional labour (Taylor and Bain 1999, p. 101). A Fordist system of organization denotes an organizational structure that relies on technology for increased productivity as well as ensuring the availability of a great market for the standardized products produced by the system. This means that employees rely on the use of technology to perform one task perfectly. Employees in a Fordist organization usually perform one task all year round and there is increased labour division within the organization. A superior level of hierarchical control does exist in Fordist organizations, ensuring that each worker in the production line focuses on an individual task. A clear example of a Fordist organization is the call centre described in the article. As the authors describe, a high level of productivity is evident because of the integration of VDU technologies and telephone services. Moreover, employees stick to production lines performing a single task while utilizing all the available technology to register specialized performance (Taylo r and Bain 1999, p. 102). The fact that a Fordist organization registers a high level of productivity and yields quality

Saturday, February 8, 2020

Groups and organizations promoting racial equality Essay

Groups and organizations promoting racial equality - Essay Example However, efforts made by numerous players gradually allowed the incorporation of the Native Americans into the civilized American society. Over the years, federal legislations and other amendments have allowed the establishment of greater racial equality for the Native Americans and other minority groups. By doing so, the government institutions have been successful in implementing equal rights for all citizens of America. While many historical texts have been produced from a White perspective, the Native Indian perspective has rarely been produced until recently. The revived interpretation has allowed the world to vie Native Americans as being oppressed individuals who have been enslaved in their own home land while the invaders and colonialists have formed an imperialist government over them. The perspective of viewing the Native Indian as a â€Å"good man† was the result of various historical products including films. The civil rights movements allowed the Native Americans to raise their voices for their own rights as equal citizens of America. Native Americans have experienced America from a time of colonial rule to civil rights as US citizens. Although the Native Americans still inhabited the same land, the fact that there were cultural differences between them and the White Americans could not be ignored. The first question which the reformers faced was about incorporating the highly distinct Native Americans in the American society thereby forming a national identity rather than a horde of uncivilized people. Attempts to assimilate the Native Indians as part of the American society involved recruiting young Native American boys into boarding schools so as to enable them to gradually lose out their native cultural essence and adopt an American way of living (Flavin, 4). US history saw a series of laws, rules, regulations, tribal laws, treaties, and other jurisdictions. The United States Constitution as well as the Trade and Intercourse Act regulate d any economic activity carried out with Native Indian tribes and granted power to the President along with the Senate to make agreements with the tribes (Stancel, n.pag.). By the end of the French-Indian War, the Constitution was adopted and this brought the Indian tribes under the government’s rule. Three departments were set up including Northern, Southern, and Middle, each being headed by a commissioner whose duty was to maintain harmonious terms with the Indians (Cohen & Ickes et al., 9). This was also done so as to discourage the local Indians to participate in the revolt against the Whites. Passed in 1887, the Dawes Act or the Allotment Act gave the President the power to break the reservation land which was being held by tribal members (‘Dawes Act†, n.pag.). According to the law, land which had not been allotted to Native Americans would have to be sold to the government which would then be opened for farming. However, this resulted in Native Americans bei ng dispossessed of their lands. Apparently, the law was meant to provide greater property rights to the Native Indians however many Native Indians saw a reduction in their land holdings. Further laws limited their rights and economic dealings by giving more power to the President and Senate to regulate treaties with tribal Indians. The Indian Bill of Rights also