Melting Pot Essay Example | Topics and Well Written Essays - 1000 words

Melting Pot - Essay Example Ideally, these immigrants would bring the best of themselves, blend those talents, gifts and skills, and become Americans, sharing the unified hopes and greater goals of this country. The idea of the United States as an immense cultural â€Å"melting pot,† at one time, seemed realistic, however today many opinions of whether that metaphor is appropriate have changed. Is America a cultural melting pot or is it now a modern myth that is no longer applicable? Discussion It was a Jewish immigrant from England that originally coined the term the â€Å"melting pot.† It was the title of play he had written that focused on the belief,†Ã¢â‚¬ ¦that all immigrants can be transformed into Americans, a new alloy forged in a crucible of democracy, freedom and civic responsibility.†(Booth 1) There is no doubt that in the early 1900s that this was the general mentality of many of the immigrants that came to this country. Many wanted nothing more than to be Americans, and we re willing to do whatever was necessary to legitimately earn that title. At this point in history, being an American was a title that mattered and was desired and respected. However, the mindset of, many immigrants and multi-ethnic Americans, today is not quite as endearing or geared to American ideals as a whole, as they once were. Many scholars have pointed out that there is lessening of common â€Å"dreams.† What Americans want is no longer a unified ideal. Some researchers have said that the attitude of native-born Americans has, also, changed. Once very tolerate and encouraging of immigration are now much more, territorial and, often, suspicious of immigrants that come to this country. The world has changed and it is, often, said that the United States is no longer a â€Å"melting pot,† but is more like a â€Å"salad bowl.†(Millet) Meaning that instead of becoming the culmination of many things into one thing, they are all independent parts that remain so, but contribute to the greater whole. However, there is a danger that this consistent insistence on segregating, embracing differences over similarities, could lead to a salad with unpleasantly divergent ingredients. Today people who find their ancestry in multiple cultures are not eager to let go of those roots. This is not necessarily a negative thing. We all have a right to acknowledge our ancestry. On many levels the modern society cannot deny any individuals that right to honor or celebrate relevant and important aspects of their culture. However, there are some immigrants who come to this country, in this modern age, who have no interest in being part of America at all, or of becoming American; they simply seek the benefits and freedoms that are available by being here. They have no intention of positively contributing to this country. It these people that can negatively taint the perspective of Americans born and raised in this country. Studies done in the late 90’s ver ified that most young people when asked to identify their ethnicity would choose a hyphenated answer; African-American, Asian-American, and the like. Very few of those surveyed were comfortable with answering simply answering, just, â€Å"American.†(Booth 1) It is this need to separate on some cultural level that negates completely the ideology that the United States can be considered a melting pot of cultures. When in truth much of the attitudes of current American citizens are not a unified one. Political ideologies are heavily differing. Social differences, and a number of cultural and

Intermediate coporate finance Research Paper Example | Topics and Well Written Essays - 2750 words

Intermediate coporate finance - Research Paper Example But of late the U.S. has become to a lesser extent reliant on China’s funding of its deficits predominantly as the U.S. classified saving rate has increased and the current account shortage has decreased. However, the mere scale of the U.S. shortage funding need which is approximately $1.6 trillion budget deficit in 2010 and forecast of almost $9 trillion of shortages over the next decade in the markets of bond and currency are delicate (Prasad, 2010). On the other hand an abrupt activity by China to move uncompromisingly out of U.S. dollar designated instruments, or even a declaration to such an extent, would work as a set off around the jumpy market sentiments resulting to a quick plunge in bond prices and the rate of the U.S. dollar. At the same time China would also be facing huge capital loss since its majority holdings are in the U.S. Treasury market. This would also end up in reduction of the Treasury bond rates due to increase in interest rates or even if the renminbi appreciated in value comparative to the U.S. dollar (Prasad, 2010). Over the past years trade amongst the two economies has seen consistent increase in quantity and China’s foremost export market is US. The exports from China, to the U.S. sprang up from $100 billion in 2000 to $296 billion in 2009, and at the same time the imports increased from $16 billion to $70 billion. Thus there has been a fixed percentage of export to the US by China which is 21% right through from 1998 to 2006 but this percentage fell to 18 during 2007-2009. On the other hand even though there has been increase in the exports of US to China the percentage still remains below 5 (Prasad and GU, 2009). Many of the spiny consequences in the bilateral relationship amongst these two countries can be described as the growth of the mounting bilateral U.S. trade deficit with China. This shortage sprang up from about $84 billion in 2000 to nearly $227 billion in 2009. This figure of