Discussion oneQuestion aPay-for-performance is a financial reward system for employees where some or all of their monetary compensation is related to how their performance is assessed relative to stated criteria. Retaining top talent: Pay-for-compensation enables employers to keep exceptional employees, by offering them a competitive compensation package. Employees when know that they will be rewarded for their efforts, they are more likely to stay with your company.Worker motivation: Workers or rather employees when they realize that meeting performance objectives will result in compensation increase, they may be inclined to work harder and improve their skills.Increased Productivity: Productivity will increase due to the employees desire to earn a high income. The result can be greater productivity from fewer workers, reducing the employers labor cost and transferring the financial risk from the employer to the employee.Unlimited Compensation: A pay-per-performance plan can sometimes result in situations where the employee may be able to earn a substantial income (Petersen, 2018).ChallengesAs far as pay-for-compensation has some benefits it also has some challenges to handle it and they include the following;
When goals or objectives are not smart: Smart objectives need to specific, measurable, attainable, realistic, and timely and anything apart from these doesn’t get employees interest. Attempting to hold an employee accountable to a goal that isn’t smart? Isn’t fair and isn’t practical, either.Change of annual raise: There have been change on the percentage of increased from what was there before hence making a very small difference. Many managers are unskilled at giving meaningful evaluations: Most organizations claim a pay for performance philosophy and strategy. But for many, there is a disconnection between words and actions. Even for managers who know how to write a good review are less skilled in competently communicating and advocating for employees compensation philosophy.
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The State of Sport in England
The State of Sport in EnglandEngland’s green and pleasant land hosted the Rugby World Cup in the autumn of 2015, which saw the host become the first ever host to exit their own competition in the group stages. England started comfortably with an easy victory over Fiji, but defeats to Wales and Australia left England on the brink, relying for Welsh victory against Australia and an emphatic victory over Uruguay. Wales were defeated and the hearts of England fans across the country were shattered. England Rugby was left in a shambles and this is a common theme when it comes to England and major tournaments. England went in to the 2015 Cricket World Cup as World No. 1 for One Day Cricket, and they were knocked out in the group stages after only defeating Scotland and Afghanistan. The football team did no better in the 2014 World Cup in Brazil. With a tough draw of Uruguay, Italy and Costa Rica, the expectations of qualifying from the group were high. From the jungle of Manaus to the coast of Belo Horizonte, conditions were tough but a thorough training camp in Miami still wasn’t enough and England failed to win a single match, and was one of the first teams out after defeats to Italy and Uruguay. To find out why England is failing miserably, there needs to be a serious look at how English sport is run. English football has never been wealthier. Compared even to the giants of the European game, Spain and Germany, its domestic league operates on a different financial level altogether. When the new £5.14 billion broadcasting deal kicks in the 2015/16 all 20 of the Premier League club will be among the 30 richest in Europe, yet England haven’t tasted success in International Tournaments since 1966. The issue with football in England is rife throughout the top leagues as well as in the grass roots. The clubs make sufficient money from their own resources that the international game is an irrelevance. Worse, it is an inconvenience. It leeches off their contracted talent, jeopardises their progress by returning players exhausted and injured from international competition. If they were not bound by long-held FIFA agreement they would frankly rather not release anyone, anytime, never mind for second rate competition like the U21s. The U21s failed to get out of the groups for a second consecutive tournament despite players such as Harry Kane and Jack Butland, who have been stars for their respective teams over the past season. Moreover, unlike rugby and cricket, which have a direct financial return from producing new young players for the international system, they have no incentive to bring on young Englishmen. Frankly there is too much effort, too much risk, too much uncertainty involved in doing that and for sure, with the majority of them now under foreign ownership, the clubs in the Premier League don’t even have a patriotic imperative to support the England set-up. This is compounded by a sheer lack of English talent in the top leagues, with less than 1/3 of the total minutes played in the Premier League being accounted by English players. In La Liga, home of 2010 World Cup winners and European champions Spain, Spaniards account for 59% of all minutes played. In Germanys Bundesliga, the home of the 2014 World Cup winners, Germans make up 50%. Yet in the Championship, the figure played by English players rose by 7% to 70.5%. Playing time is an issue, as this leads to players losing form, yet when England went to the 2014 World Cup, the manager, Roy Hodgson, picked Wayne Rooney despite not playing in the final month of the Premier League season due to injury. This is a theme that has angered many fans, especially when players such as Sunderland’s Connor Wickham, although untested at International Level, was in much better form.
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I think its called expressed because these are things that if the government were to use this power there expressing the how they feel about something by creating one of the examples listed above such as if terrorist attacked our countries there expression would be negative and would lean them to declare war.I think its called implied because they don’t have to do these things but there implied to do them when necessary.I thin its called inherent because these powers are inherited to the president for that 4 years and after that it moves to the next in line. I think its called reserve because its only for the states and people and will always be that way so it’s a reserved power to us.
I think its called concurrent because this is a concurrent power that goes around the whole country and these laws will always stay concurrent in our country Managers can empower workers by delegating to them. “Delegation involves the assignment of work to other people, and it is an activity inherently associated with all managerial positions” (Whitten & Cameron, 2007, p. 467). Effective management can be attained through delegation. Therefore, a manager must decide when to delegate. Advantages and the Potential Outcome of Delegation Learning to delegate effectively is fundamental to managers’ success in the workplace. A competent delegator can empower others maximizing the organization effectiveness and efficiency. [tags: Business, Empowering Delegation]Delegation is an important function in any organization and in today’s environment we see it becoming increasingly important in the health care setting. For management to make the best use of their time and skills effective delegation of tasks to the staff assists in their growth and development, builds confidence and trust, and increases the amount of work completed. Effective delegating provides benefits to the organization when managers mobilize resources, share responsibilities, and focus on doing
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The Strategy Platforms Fo Rintegration
StrategyThe vision of the company is to be a global leader in transaction-based technology solutions by providing integrated technology and services solutions which enable top of the class results for their clients. To achieve their goals company has implemented “Fiserv 2.0” consisting of a series of strategy initiatives, they focus on businesses in which they have deep expertise in order to produce best results with long-term and trusted client relationship. They offer differentiated solutions with integration, innovation and strong management to execute strategies in a disciplined manner that generate above average value to their clients.The strategy platforms implemented are:Enhanced Client Relationship Value: In or to gather as much clients as possible and in order to deliver improved value propositions with streamlined and support processes, they have tightened their integration across their service and product groups.Acquisitions: The company grows inorganically by acquiring small companies for that they focus very strongly on alignment of their software platforms with that of the company being acquired, they mostly look for companies which have strong product or service technology that helps in filling a specific market segment/requirement or to achieve scale or if it gives them an opportunity to change market dynamics.Innovation: The Company seeks to become leader in innovation in all the areas in which they operate by leveraging their assets, tacit knowledge and other capabilities by exploring opportunities in both local and domestic environments.Operational Excellence: The Company wishes to achieve operational excellence by effectively utilising its shared utility structures and consolidated buying power to provide savings.Greater Capital Discipline: For their long-term growth and profitability, they allot capital in investments which offer best future prospects.
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What Were People Complaining About in Early 1780s France?
What were people complaining about in early 1780s France?The French government in the 1970s practised a system called feudalism and it was ruled by absolutism. The people of France were divided up into classes based on feudalism which was a class system based on land ownership, the king owned all the land and he would give plots of his land to the nobles in exchange for their services. The nobles would then give their land to less wealthy people than them in exchange for payment or service. Feudalism created a class system which was divided in three classes in France. The first estate was the clergy, the high members of the church. The second estate were the nobles, these people were wealthy land owners. Finally the third estate was everyone else in society, peasants, shopkeepers, lawyers and merchants.The tax system in France was one of the things people were complaining about; the system was unfair and favoured the clergy and nobles. The third estate which consisted of 25 million people (97% of the French population) had to pay all the taxes whilst the first and second estate paid no taxes, the burden of the country landed heavily on the third estate and especially the peasant farmers. The economy in France heavily relied on farming, so when there were droughts in France and poor conditions meant crops couldn’t grow there was food shortages. These shortages meant the farmers weren’t making money and they couldn’t afford to pay taxes. This was a long term cause of the French revolution as people were left starving because of the shortages and began to grow restless with the government. Another long term cause of the revolution was the economic problems in France. France was bankrupt and this was due to the wars they had been fighting such as the Seven Year’s war and the American Revolution. The extravagant spending of King Louis XVI was another reason for the debts as he spent too much money building his palace in Versailles, the government turned to the third estate to make up this debt as the first and second estate would not be taxed.The class system in France was unfair as the three states had different privileges and exemptions. The first estate had privileges such as; censorship of the press, control of education, ownership of 20% land and also collected the tithe (church tax). They were exempt from taxes and were subject to church law rather than civil law. The only burden the first estate had was that they had a ‘moral obligation’ to assist the poor and needy. The second estate had similar exemptions and privileges; they too collected taxes, owned 20% of land and also were exempt from paying taxes. The third estate were completely different to the first and second, despite having 96% of the population the third estate had no privileges or exemptions. The third estate were burdened with paying all taxes which led to most of them being poor, as 96% of the French population were in this class it meant that France had become economically unstable.
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What Were the Changes in Farming Between 1750 and 1850?
Agriculture changed in many different ways from 1750 to 1850, including the crops, techniques and machinery. These changes led to influences on numerous other factors like health, population, economy and culture. By 1850, the country had completely changed from 1750, when it was similar to England in the Middle Ages.
In 1750, the farming techniques were still similar to those in the Middle Ages, with very few changes. Most of the villages were alike, and they all included open or common fields, which were the main sources of jobs as well as food. A few of the wealthier residents would own their own land; however most of the land was divided up into narrow strips, which landowners would rent out to the poorer farmers. The tenant farmers could then grow whatever crops they liked on their land, and they could sell anything they could, however what they grew was usually only enough to feed themselves. The same crops were grown as in the Middle Ages, which were wheat, barley, oats and peas. One of the negatives about the strips of land was that they were too narrow to use machinery on, which meant most of the farming had to be done by hand. This caused each process to take a long time, and everything would be done very inefficiently. Each year, one of the strips had to be left fallow (no crops were allowed to be grown on it for the whole year) in order to replenish the soil. The fallow strip would change every year, so that every part of the soil could restore its nutrients. This was bad for the tenant farmers, as it meant they could not grow any crops for a year, unless they were renting another strip of land at the time. However, if they only owned one strip of land, they would have had to find another job while their land was replenishing, which would have been very difficult, as most of the jobs came from agriculture. Another feature to the villages was common land, which was used for animals to graze on. Common land was only supposed to be used by villagers with ‘common rights, however it is likely that other villagers used the land even though they had no legal right to. The common land was usually used for cows, but some of the larger landowners grazed their sheep on the land too. In villages where the soil quality was low, the common land would have probably been very large, possibly even larger than the land used to grow crops, as the soil needs to be nutritious enough to grow enough grass to feed all of the animals. In the common land, it was very easy for diseases to spread among the animals, even between species, as the conditions were poor, and the animals had to live very close to each other. Many poor people kept geese on the part of the common land near their houses, and also on the village pond. Pigs and chickens would have been kept in the farm yards and the cottage gardens.
The main type of housing in the villages in the 1750 was cottages, as most of the villagers would live in them. They would be made out
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What Were the Chief Threats to the Stability of the Elizabethan Realms
What were the chief threats to the stability of the Elizabethan realms? Elizabeth inherited from her predecessors more than her fair share of issues. Upon her taking the throne in 1558 religious turmoil, pretenders to the throne and the looming threat of Spanish invasion were but some of the threats any one of such threats can and had, by themselves, toppled monarchs in their scores. As a protestant monarch she was isolated in a catholic Europe and as a women she had to struggle to assert her legitimacy as the rightful queen of England.Firstly we must look at the threat posed by the queen herself. Her unwillingness to marry, for whatever reason, was a destabilising factor for her reign. A strong foreign ally was desperately needed to aid in either preventing a war or aiding her if one should be declared. Her half sister Mary I had done just that and married Phillip II of Spain. This was especially relevant as the heretical nature of her kingdom gave the perfect ‘Casus Belli’ for any catholic nation, said nation ended up being Spain. The dire nature of being an heirless monarch is well illustrated by King Henry VIII wild quest for a son in order to alleviate such a weakness to his reign. In fact the desire for an heir was so strong that in 1566 there she was petitioned by parliament for her to create an heir. Whilst it could be argued that she utilised her unmarried status as a propaganda piece, making her the ‘Virgin Queen’ the trade off, in my opinion is not worth it. The structure of the monarchical system of government in early modern Britain demanded an heir for stability.
The lack of the heir was coupled by the Queens poor health in the early part of her reign. She contracted small pox, the scars of which she would bear for the rest of her life, and she very nearly died from it. The possibility of her dying and leaving the throne empty made the nobility very uncomfortable. Whilst the succession was unclear there was a possibility for civil war, something that no one wanted to see. Such a civil war would be more political as the two major claimants to the throne, Catherine Grey and Mary Queen of Scott’s (James VI & I mother) were Protestant and Catholic respectively making it a religious civil war. Due to the culture of the day women were seen as incompetent when handling power, as they are less rational than men and ruled by passions. This was in contrast to men who were seen as dominant and powerful, women could not be expected to command the obedience of men. Women were seen as weak and frail, unable to make tough decisions or command armies in times of war, an all to common occurrence in 16th Century Europe. However this perceived weakness was used by Elizabeth very effectively to cement her power. She was a master of her public image and often portrayed herself as a king trapped within a women’s body. Her famous speech to the troops at Tilbury she confessed to being “a weak and feeble woman; but I have the heart and stomach of a king”. This manipulation of her image inspired great confidence in her underlings to her competence. The great loyalty displayed by the majority of her subjects shows how masterful she was at managing her public image. However whilst in the end her gender was not a constant destabilising factor, in the initial part of her reign it was a major issue and thus the competence she showed in dealing with it does not supersede that fact that she had to deal with such problems in the first place. It was a major threat that, along with most others she successfully dealt with.
Intimate Relationships And Way Relationships persuasive essay help
The Topic of Arranged Marriages
The topic of arranged marriages is a very interesting subject to me. I have been fortunate enough to study arranged marriages in other courses and really enjoyed integrating new knowledge about intimate relationships. The concept of arranged marriages for Americans may be perceived to be very odd or even forced however by understanding cultural relativism and connecting it to how relationships work there is new perspective and understandings to be learned.
Arranged marriages around the world are done for several reasons. One is because young people are thought to be inexperienced and therefore not able to pick a suitable mate. Another is to make sure there is no intermarriage between members of the same family otherwise inbreeding or incest can accidentally occur in areas where communities are smaller. When it is time to choose a perspective husband or wife for a child the parents look for strong personal attributes that will lead to the spouse being treated kindly not only by the spouse, but their family as well. Because a person’s social status is based on the family and those around them the reputation of the spouse and family are carefully looked into. Parents look for good personal qualities as well; kindness, charitibility, education level, work ethic, emotional disposition, and income.
In understanding the way relationships are built from the ground up which we have been studying over the course of the semester we can see how there are many factors that contribute to a relationship. In America and other cultures that have Western influence the nature of intimacy begins with six specific categories (knowledge, caring, interdependence, mutuality, trust, and commitment. Not to say those in countries like India or Pakistan where marriage is traditionally arranged that these are not important aspects of a relationship, however the way in which they are acquired are different. Instead the decisions are left up to the parents of the child. In many ways this does relieve a lot stress and decision making that a young person would have to make. Often time in relationships there is dysfunctional communication, we often hold our loved ones to higher level than we should and we are not educated in relationships. The list of relationship issues can infinitely go on. So how inexperienced people possibly know what to do? Arranged marriages also conquer a lot of other issues like proximity because the mate is usually from the community. Additionally, the decisions of the parents are always respected and you love your wife or husband no matter what, instead of quickly and easily resorting to divorce.
When a marriage is arranged physical attractiveness is not taken into consideration as heavily as it is in America rather the importance of the relationship and how well each mate will work out. As mentioned in the video if the relationship is good and personalities “click” then love will follow despite aesthetics. Arranged marriages
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Payday Loans Case
What are the dominant economic characteristics affecting the payday lending industry?
The payday lending industry began to emerge in the early 1990’s due to consumer demand and the changing dynamics within the financial services industry which include the following:
Financial institutions shying away from the small-denomination, short-term credit market due to the high cost structure.
Consumers wishing to avoid the costs of bounced checks, overdraft fees, and late payment penalties on bills.
Along with consumer demand came rapid growth in the payday lending industry. By 2010, it was estimated that there were more than 22,000 payday advance locations across the country, which was more than the estimated 9,500 banks throughout the country.
Due to the widespread growth of the payday lending industry across the country, 5% of the United State population is estimated to have taken out one or more payday loan at sometime during there lives. According to a survey by the Community Financial Services Association of America, 10% of the population stated that they are somewhat or very likely to obtain a payday loan. Looking at these two numbers together, these estimates suggested that only half of the potential market had been penetrated meaning there is growth potential.
What is the competition like in the payday lending industry? How strong are each of the competitive forces that make up Porter’s Five Forces Model? What do your strength ratings reveal about the overall attractiveness of the payday lending industry?
The payday lending industry has become very competitive. This is in large part due to the relaxation of federal restrictions in the early 1980’s, which make it easier for payday lending companies to enter the financial services industry and remain competitive against
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Pay-For-Loan-Performance V. Piece-Rate Loans What Is Better?
Origination incentives create a typical example of rewarding the loan officer along a single plane, quantity, rather than on quality. This gives the loaner no incentive to search for “good” loans; as a result, distortions and “rogue” behavior manifest. On the other hand, incentives based on profitability would give the advantage of direct incentives to find “good” credit risks; however, such a plan would subject the agent to greater risk, due to unpredictable events post loan approval and thus increasing the firms costs. The trade-off is thus between risk and distortion, as well as incentives and insurance.
The typical plan is dependent on hard or soft information provided by the loan officer to the committee, and whether the information can be distorted. Hidden soft information allows for moral hazard, as officers incentives are high to maximize loan quantity not quality. The degree of distortion (D) will vary with the size of the monetary reward (R), (R=>D), as R increases coordination is more difficult to achieve: agents will try harder to hid information. “Paying for A, while getting B.” The committees purpose is to try to eliminate the moral hazard induced by the officers hidden actions. If information is soft then it is kept at the lower levels, i.e., the loan officer, but hard-information and verifiable information works well to align the loan officers incentives with incentives to search for good loans. The firms goal is loan repayment, a goal not immediately realized. The limited observability due to the degree of soft and hard information available decreases the firms ability for proper evaluation. Observability is pushed into the future to when the loan is either repaid or not.
Scenario 2 creates career concern. This option motivates by imposing risk thus creating risk adverse employees who take extra time to search out “good” loans. Structure
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Which Factors Contributed to the Collapse of Soviet Union by 1991, Developments Within or Outside the Ussr?
The Soviet Union was formally dissolved in December 1991, which marked the end of Cold War. When the Soviet Union fell, it ended the tenure of a superpower with the resources of more than a dozen countries. In my opinion, the main factor that contributed to the collapse of the USSR was the internal development. This includes the structural weaknesses of the USSR and policies that introduced by Gorbachev such as Perestroika, Glasnost and Demokratizatsiya.
First of all, the ineffectiveness of Perestroika brought great suffer to the Russian people. There was no increase in overall output as industries focused on producing more expansive goods since there was now an absence of a central planning mechanism. This meant shortages in some of the basic necessities, even worse than the pre-Gorbachev era, which at least had control over production decisions. The flexible pricing system also led to a growth of black markets in the USSR as speculators bought goods from fixed-price shops and sold it in the black market at higher prices. This led to overall shortages of day-to-day necessities. At the same time, there was a growth in the black market and sharp increases in the prices of goods as producers profited from the acute shortages of basic necessities. The Russian people therefore suffered a lot from this policy as there was a shortage of basic goods and those basic goods were sold in a high price which was not affordable by many of the poorer Russian people. This led to great sentiment against the government because of their ineffectiveness in bringing a promised better economy and life. Therefore, the Russian people started to protest and demanded a change in the government. And because of Gorbachev’s another policy, Glasnost, which allowed people to openly criticize the government, the communist party soon lost the support of the Russian people, which eventually led to the break down of the Soviet Union.
In addition to Perestroika, the USSR’s economy was stagnated. The USSR practiced command economy which showed great ineffectiveness in the late 1980s. Since all economic planning took place in Moscow, the central planners were unfamiliar with the actual situation in various parts of the USSR and thus setting unrealistic targets. This means that the industrial output suffered. The command economy also focused too much on quantity, rather than quality of the products. The Russians suffered a lot from this as they could not get good quality goods, especially clothes and shoes in winter. In addition, the USSR also focused too much on heavy industries because of the arms race with the US. This affected the agricultural productivity which led to the shortage of food. The command economy did not promote innovation, resulting in the Soviet Union lagging behind in areas such as computers, electronics, communications and even automobile production. The Soviet people had nothing entertain after a long day of tiring work. This
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Theatrical Distribution Deals
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Theatrical Distribution Deals
The share of Box Office paid over to distributors varies between territories. The typical exhibitors share in the US is 45 to 55% and in the Rest of the World 55 to 65%. The UK has some of the highest retentions by the exhibitor, averaging around 65 to 70%. The balance remitted to the distributor is termed the “Net Theatrical Rentals”.
With regard to how much might actually flow back for the purposes of producers or financiers or agents below the distributor, there are three main types of theatrical distribution deal : i. “Costs off the Top Deal”: the distributor recoups their prints and advertising (P & A) spend from the net theatrical rentals. From the balance, the distributor retains a distribution fee of up to 50% and from the remaining balance recoups any advance plus interest before paying the final balance into the pot; ii. “Net Deal”: the distributor retains a distribution fee of up to 50% of the net theatrical rentals. From the balance, the distributor recoups P & A expenditure and any advances plus interest. The net receipts after these have been recouped are put into the pot; iii. “Gross Deal”: the producer / financier / agent receives an agreed percentage from the net theatrical rentals before any P & A spend or advances have been recouped by the distributor. Out of the balance, the distributor retains their distribution fee and recoups P & A spend, advances and interest. After recoupment, any remaining receipts are paid into the pot. Of these three models, the net deal is the one most commonly used. Under any of these structures, however, and because of the high cost of P&A coupled with distributor fees and other costs, it is unusual for independent producers to receive any back-end profits from the theatrical release since the other parties further up the chain will still be unrecouped. The independent producers will have to look towards the other revenue streams to see if they can get some “profits” back from their project.
Video/DVD Distribution Deals Film distributors take an average of 75% of consumer spend from retail video/DVD activity compared to about 25 – 33% from rental activity (hence their keenness to get titles into the sell-through market as quickly as possible). There are various kinds of video/DVD distribution deal for the independent producer to be aware of Rental:
royalty deal: distributor pays royalty to producer / financier / agent of 35 – 45%.
Off the Top deal: distributor takes fee of between 25 and 35%, deducts their costs (typically up to 25%) and remits the balance to the producer/financier/agent.
royalty deal: distributor pays royalty to the producer
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White King, Red Rubber, Black Death
White King, Red Rubber, Black Death
By the late 19th century and early 20th century the continent of Africa went from being ruled by the indigenous people to controlled by European powers. By far one the most brutal colonization of the Africa continent was that of Congo and its people.
During this period in time the European countries measured there power by the amount of colonies they possessed and how the colonies provided for the mother country. Belgium never had a colony before Congo despite many tries. King Leopold II tried attaining the Fiji Islands, Philippines and other areas around the world. Congo was the last chance for King Leopold and Belgium to have a colony and he would stop at nothing to achieve his goal.
Europeans had contact with Africans before through the slave trade but stayed at the coast and never came inland due to heat and diseases. Henry Molten Stanley made the colonization of Congo possible. He sailed into Africa from the east making his way west; taking the “backdoor” to Congo. To gain support King Leopold told his aunt Queen Victoria that he wanted to bring civilization and Christianity to Africa and its people. He entertained generals, explorers and delegates to further push his goal. He was able to trick the Congolese people into signing treaties that gave him control of the land. Even though King Leopold was not at the Berlin Conference he was still able to get the other Europeans powers to give him the Congo by telling him that he there would be free trade and open to all European nations.
When the first tire was created it made out of rubber and the Congo was rich with rubber. The need for rubber grew enormously. Congo was the primary place to get rubber since rubber hadnt been found in such large quantities anywhere else around the world and King Leopold used it to his advantage. This started King Leopolds brutal and bloody rain over the Congolese.
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