Rate of Interest in Mauritius Analysis

Rate of Interest in Mauritius Analysis Chapter 1.0: Introduction 1. Introduction: The study aims to assess the various methods to determine the Mauritian rate of interest. Moreover, we shall also try to implement a method which is suitable for the economy of Mauritius. The rate of interest is merely remuneration for the lender with a point of view of rewarding him for the interval of lending money (Edward, P.). As per Edward, a bigger meal can be attributed to those who wait. From the perspective of the borrower, the rate of interest is defined as the price of durability. The latter is expensive when the rate of interest is high. In an article, Ross and Szeliski(1942,p.501) further defined the rate of interest as being a preference of sacrificing the cash in hand in order to obtain deferred cash at a later date. A few examples of the rate of interests cited from the book of Amarcher and Ulbrich are as follows: Interest on loans (general loans), Interest rates on home mortgages and car loans (specific loans), Interest rates on bonds, Interest rates that commercial banks pay to the Bank of Mauritius. The rate of interest depends on the nature of a loan. Since the rate of interest is equally the price of taking up a loan, the interest rate is expensive when the risk is high in addition if it is a long term one and vice versa. According to Amarcher and Ulbrich, the interest rate is made up of the real interest rate, the risk premium and the inflation adjustment. The real interest rate reflects the purchasing power of an individual while the risk premium is simply a probability that the loan may default and the inflation adjustment refers to the expected inflation over the lifetime of the loan. 1.2: Importance of the Subject Matter: Despite being only a figure, the rate of interest carries much importance. It determines the decisions of disparate stakeholders ranging from investors to consumers. Furthermore, the rate of interest is also relevant for the implementation of policies in an economy. The right rate of interest will lead to appropriate decisions and policies, thus experiencing a stable economic condition whereas an unsuitable rate of interest will only cause turmoil in an economy. Moreover, the determination of interest rate has an effect on inflation and unemployment which in turn impact on the economy of Mauritius. 1.3: Statement of Problem: The primary aim behind this study is to solve the ongoing dispute between the Ministry of Finance [MOF] and the governor of the Bank of Mauritius [BOM]. The MOF and the BOM are administered with their respective instruments to regulate the economy. While the MOF is in charge of fiscal policy, the BOM is responsible of modulating the monetary policy. For instance, controlling the interest rates and credit ratios are their main tools. Despite the fact that the MOF and BOM should act independently, the behavior of the MOF completely overruled this fact. For example; the MOF was supposed to buy 100 million dollars and this will affect the money supply. In other words, the MOF is pooping his nose into someone else business. The situation worsens even more when the governor of BOM and MOF does not agree on the same grounds regarding the rate of interest. A repo rate of 4.65% does not fit the actual economy according to Rundheersing Bheenick (governor of the BOM). The latter confirms that if the rate of interest does not increase we will be facing a troublesome situation in controlling inflation as Money Supply is high. However, the MOF does not seem to be worried about inflation as it met a lowest record in 2013. Thus, maintaining the same level of interest from his standpoint is valuable. Furthermore, MOF asserts that increasing the level of interest will only decrease demand for new loans, consequently, deteriorating the problem of excess liquidity. The MOF referred the situation to a scenario where we are increasing the prices of tomatoes to clear the surplus on the market. Rundheersing Bheenick justifies that maintaining the same level of interest rate will make the economy vulnerable to shocks as it reduces savings. As a result, the economy becomes dependent on external funding. The MOF defends himself by stating that there is no relationship between savings and the rate of interest and this statement of his is based on the saying of Martin Petri being the head of the International Monetary Fund (IMF). The faceoff between two strong financial leaders can proves to be disastrous for the economy as a whole leaving consumers among others to be a victim of their wrath. Without any hesitation, their debate is also being termed as â€Å"The Financial War of Ego† where decisions are no longer implemented for the benefit of the economy but to hurt the ego of their opponent. Moreover, Mauritius is not the sole one to be experiencing this crucial situation. Among others, Maldives is also a victim of disputes between the governor of Maldives Monetary Authority (MMA) and the Minister of Finance. On one hand the MMA aimed at increasing the rate of interest to reduce government deficits, the MOF on the other hand maintained the same level of interest rates (Miadhu, 2013). However, this conflict did not arise for Seychelles. The MOF and the governor of Central Bank of Seychelles (CBS) worked cooperatively with one another. While the governor of CBS increased the rate of interests in order to reduce demand of foreign exchange rates, the MOF was thinking to freeze imports of certain products for a limited period (Seychelles News Agency, 2014). Thus, in this study we will aim at setting a neutral rate of interest to solve the ongoing dispute as well as to protect the various stakeholders involved in this scenario. In addition, by setting up a neutral rate of interest, we expect everything to be back to normal where no dispute will spoil the image of Mauritius and encouraging Foreign Direct Investment (FDI). 1.4: Research Question: Has the interest rate been appropriately determined? 1.5: Research objectives: A study of the above mentioned title would focus on the following aims and objectives: An assessment of different theories determining the rate of interests. Under this objective, we will be assessing the different theories under which the rate of interest is determined and we will be determining which theories best suit the Mauritian economy. Determination of the neutral rate of interest. In this context, a neutral rate of interest will be set to solve the dispute of the two financial leaders and which is appropriate for the present economics condition of Mauritius. Assessing the independence of BOM and MOF. Here, we will be studying whether the BOM and MOF act independently while making decisions as per the rule. A study of the economic factors affecting the rate of interest. This objective will go through the different economic factors that influence the rate of interest in Mauritius. A forecast of the interest rates for Mauritius. Forecasting the interest rates involves predicting the interest rates in the coming future. 1.6: Hypothesis Testing: 1.7: Research Methodology: 1.8: Format of Study: Chapter 1: Introduction Chapter 1 includes a definition of the rate of interest and its importance to the economy of Mauritius. It gives a further explanation of the problem and a brief description of what will be covered in the following chapters. Chapter 2: Literature review In the context of Literature Review, we will go through theoretical and empirical evidence of determining the rate of interest. The different theories about determining the rate of interest will be analyzed and discussed. Chapter 3: Research Methodology Research Methodology puts forward the model that will be used in determining the rate of interest for Mauritius. The variables will be defined in this context and the test that will be used is described and analyzed. Chapter 4: Data Presentation and Analysis. Chapter 4 will convert raw data into meaningful data which will be in turn analyzed and conclusions can be drawn. Chapter 5: Recommendations and Conclusions This chapter aims at suggesting suitable policies for the economy to recover from the given problem and giving a conclusion about what has been studied. 1.9: Summary: In this chapter we gave an introduction about the topic that will be studied, the importance of the subject, the problem behind it and a brief explanation of what will be covered in the following respective chapters.

Brutus versus Cassius in Shakespeares Julius Caesar :: essays research papers

Brutus vs. Cassius In the play Julius Caesar by William Shakespeare is the story of Julius Caesar’s death that took place 1500 years ago. Caesar, during the time, was escalading in power and was to become emperor. The public was mostly pleased with having Julius Caesar as their emperor but there were people who were outraged and were determined to stop this from happening. The conspirators, as they were called, were a group made up of senators and men of high status in Rome. The two most important men were Marcus Brutus and Cassius. These two men planned and killed Julius Caesar and later led a civil war against Octavious Caesar, Marc Antony and Marcus Lepidus. Although both Brutus and Cassius had their hearts set on the same goal they show distinct contrast between their traits and their moral fiber. Brutus is a character of fierce loyalty and nobility towards Rome. He is a man honored and admired by everyone. He gets too preoccupied with his political life and doesn’t give enough attention or love to his wife. Brutus is also a man of strong pride and self confidence which led to the fate of this tragic hero. Brutus’ honor is displayed during his speech at Caesar’s funeral, â€Å"Who is here is so rude that would not be a Roman? If any speak, for him I have offended†(3.2.29-32). Although Brutus has strong honor, he is also over confident. This is shown to us when he tries to befriend Antony. â€Å"O Antony, beg not your death of us! Though now we must appear bloody and cruel, as by our hands and this our present act you see we do, yet see you but our hands. And this bleeding business they have done†(3.1.177-181). Brutus is clouded by his exaggerated poise and can not realize that Antony will be livid and will not listen. Brutus could not see the harm being caused, instead he was a man thinking for the good of Rome. Cassius is a character far less great then that of Brutus. Cassius is an envious and corrupt man who is also politically astute and thinks inward instead of out like Brutus. Cassius’ motive for killing Julius Caesar is because he is jealous of Caesar’s political position and for him to obtain more power. Brutus versus Cassius in Shakespeare's Julius Caesar :: essays research papers Brutus vs. Cassius In the play Julius Caesar by William Shakespeare is the story of Julius Caesar’s death that took place 1500 years ago. Caesar, during the time, was escalading in power and was to become emperor. The public was mostly pleased with having Julius Caesar as their emperor but there were people who were outraged and were determined to stop this from happening. The conspirators, as they were called, were a group made up of senators and men of high status in Rome. The two most important men were Marcus Brutus and Cassius. These two men planned and killed Julius Caesar and later led a civil war against Octavious Caesar, Marc Antony and Marcus Lepidus. Although both Brutus and Cassius had their hearts set on the same goal they show distinct contrast between their traits and their moral fiber. Brutus is a character of fierce loyalty and nobility towards Rome. He is a man honored and admired by everyone. He gets too preoccupied with his political life and doesn’t give enough attention or love to his wife. Brutus is also a man of strong pride and self confidence which led to the fate of this tragic hero. Brutus’ honor is displayed during his speech at Caesar’s funeral, â€Å"Who is here is so rude that would not be a Roman? If any speak, for him I have offended†(3.2.29-32). Although Brutus has strong honor, he is also over confident. This is shown to us when he tries to befriend Antony. â€Å"O Antony, beg not your death of us! Though now we must appear bloody and cruel, as by our hands and this our present act you see we do, yet see you but our hands. And this bleeding business they have done†(3.1.177-181). Brutus is clouded by his exaggerated poise and can not realize that Antony will be livid and will not listen. Brutus could not see the harm being caused, instead he was a man thinking for the good of Rome. Cassius is a character far less great then that of Brutus. Cassius is an envious and corrupt man who is also politically astute and thinks inward instead of out like Brutus. Cassius’ motive for killing Julius Caesar is because he is jealous of Caesar’s political position and for him to obtain more power.

Stigma Obesity

Laura Mealer 4/11/12 Essay #9 Stigma: Obesity The fat stigma is becoming a global problem according to an article in the New York Times by Tara Parker-Pope. â€Å"Dr. Brewis and her colleagues recently completed a multicountry study intended to give a snapshot of the international zeitgeist about weight and body image,†(NY times). ‘The findings were troubling, suggesting that negative perceptions about people who are overweight may soon become the cultural norm in some countries, including places where plumper, larger bodies traditionally have been viewed as attractive,’ according to a new report in the journal Current Anthropology.Dr. Lear, who is studying rising childhood obesity in that country and in Canada, agrees the potential for stigmatization exists. †We know in developed countries that obese people are less successful, less likely to get married, less likely to get promoted,† he said. The researchers elicited answers of true or false to state ments with varying degrees of fat stigmatization. The fat-stigma test included statements like, †People are overweight because they are lazy† and †Some people are fated to be obese,†(NY Times).Using mostly in-person interviews, supplemented with questions posed over the Internet, they tested attitudes among 700 people in 10 countries, territories and cities, including American Samoa, Tanzania, Mexico, Puerto Rico, Paraguay, Argentina, New Zealand, Iceland, two sites in Arizona and London. Dr. Brewis said she fully expected high levels of fat stigma to show up in the †Anglosphere† countries, including the United States, England and New Zealand, as well as in body-conscious Argentina. But what she did not expect was how strongly people in the rest of the testing sites expressed negative attitudes about weight.The results, Dr. Brewis said, suggest a surprisingly rapid †globalization of fat stigma. † But what appears to have changed is the level of criticism and blame leveled at people who are overweight. One reason may be that public health campaigns branding obesity as a disease are sometimes perceived as being critical of individuals rather than the environmental and social factors that lead to weight gain. †A public health focus on ‘You can change,' or ‘This is your fault,' can be very counterproductive,† he said. †Stigma is serious. ‘ â€Å"Key ideas in the global model of obesity include the notions that obesity is a disease and that fat reflects personal and social failing. In all our samples, some fat stigma is evident, and the global model suggests that the cultural shared idea that fat or obesity is a basis for judging the social and personal qualities of the individual. However, and critically, the shared cultural model also suggests the culturally correct perspective that expressing those judgments too obviously or forcefully is not acceptable. (JSTOR) â€Å"In summar y, these analyses suggest that norms about fat-as-bad and fat-as-unhealthy are spreading globally and that cultural diversity in conceptions of ideal or acceptable body size appears to be on the decline. Certainly, negative and especially discrediting ideas about fat/obesity are now seemingly much more widespread than a thorough reading of the available ethnographies would suggest. This process of cultural change appears to be happening very quickly, likely representing homogenization in beliefs in this domain just within the last decade or two.This leans us toward the age-old anthropological challenge of better understanding what drives the cultural diffusion of new ideas and feeds their gaining salience. Our findings hint that newer forms of educational media, including global public health campaigns, may be driving this trend. Whatever their source, it is important to understand the dynamics of fat-stigmatizing cultural models because of their potential influence on both physical and social well-being of individuals in a wide range of socioecological contexts. †(JSTOR)

Current Trend in Management Essay

The management should recognize the important role of human resources management in order to successfully guide organizations towards profitability. It is essential for the management of investment and time-consuming and the amount, to see change scenario for the human resources department in the 21st century. In order to stay competitive and be in the race, and human resources management should consciously update itself with a shift in human resources, and be aware of the human resources issues cropping up. With high attrition rates and poaching strategies of competitors, and there is a huge shortage of skilled staff, and therefore, the company human resources activities play a vital role in combating the crisis. Should be put in the appropriate human resource policies that would lead to the organization as well as the individual s goals. And human resource managers to manage all the challenges facing staff recruitment, training them, and then develop strategies to retain their career and build an effective management system for them. That just taking care of employees will not be enough; new initiatives for human resources should also focus on the quality and productivity needs, and direct clients and stress, teamwork and leadership building. This book is divided into two parts, which sheds light on the emerging trends in human resources, and discusses the issues of human resources in various industries such as financial services, information technology, energy and health care, for example a few. It should be the value of this book is to practice human resource managers in each institution, as well as for those who have a great interest in the field of human resources management, to realize the increasing importance of human resources and understand the need to build human resources effective strategies to combat human resources issues emerging in the 21st century. Has evolved Human Resource Management Introduction to a large extent over the past century, and has seen a major shift in form and function primarily during the past two decades. Led a number of large forces environmental internal and external, progress has been made in the management of human resources function maintenance to a large extent, with little if any impact down the line, why many scholars and practitioners regard today as a source of competitive advantage for sustainable organizations operating in the global economy. Changes in human resources management: some significant changes that are likely to take place in the management of human resources are as follows: An increase in the levels of education: Due to the technological progress and the spread of educational institutions, workers will become increasingly aware of the needs of a higher level, managers must develop appropriate policies and techniques to motivate knowledge workers. Better-educated workforce and greater demand management assessment and self-governance in the workplace. Technological developments: This will require re-training and vocational training in the middle of each of the workers and managers. The rise of an international company to prove new challenges for individuals and function. Change the composition of the labor force: In women, in the future, minorities, SCs and STs become an important source of manpower in the future at the expense of ease of access to better education and employment opportunities. Therefore workforce planning will from each organization to take into account the possibility of the availability of talent in these groups. And will change the mix of the workforce leads to new values ​​in organizations. Increase the role of government: In India and management, personnel have become so certified. Will be required in private institutions in the future will be to coordinate its programs with those welfare work in the government sector, especially the increasingly to support the government’s efforts to improve public health and education, training and development and infrastructure. Occupational Health and Safety: Because of the existence of the legislative and the trade union movement, and management personnel should be more health and safety conscious in the future. OD: in the future, and will have started to change and able to improve organizational effectiveness. And senior management will become more actively involved in the development of human resources. New work ethic: more troops will be on the forms of the project and a team of the organization. And change the work ethic requires a greater focus on the individual. You will have to redesign jobs to make the appeal. Development planning: Will be involved personnel management are increasingly in organizational planning, structure, and composition etc.. This will require greater awareness in terms of cost and profit based on attitudes on the part of the Department of Personnel. Better evaluation and reward systems: There will be a need to post the highest gains patrol organizations with the goal and the result more workers compensation-oriented systems performance and linking performance evaluation will have to be developed. New personnel policies: This will require the adoption of new and better policies for the labor force in the future. The traditional family management to give way to professional management with greater forces on human dignity. Hence, it will be in personnel management in the future cope with new challenges and new responsibilities performance. And will take place participatory leadership authoritarian leadership. And creative skills must be redone and rewarded the focus will shift from a legally binding approach and rule to a more open and humane. Recent trends in human resources Human Resource Management is the process of bringing people and organizations together so as to achieve the objectives of each other. The role of Director of Human Resources continues to shift from the role of protector and sort of the role of planning and agent of change. Management personnel are the new heroes of companies. The name of the game today in business is individuals. At present it is not possible to show good report your financial or operating only personnel relations are in order. Over the years, a high degree of skill and knowledge based on increasing employment opportunities while jobs that require low skills are diminishing. This calls for the appointment of skill in the future through human resource management initiatives occasion. Indian organizations have also experienced a change in systems and cultures and management philosophy due to the global alignment of Indian organizations. There is a need to develop multiple skills. The role of human resource management is becoming more important.

An Online MBA Improves a Job Candidate’s Chances Essays

An Online MBA Improves a Job Candidate’s Chances Essays An Online MBA Improves a Job Candidate’s Chances Essay An Online MBA Improves a Job Candidate’s Chances Essay Searching for a job is difficult enough without having a number of strikes against us. But when the competition is tough – as it often is – it helps to have as much on your side as possible, including experience, a strong track record of success, and a relevant education. In order to make themselves as marketable as possible, many people take the time to pursue an education beyond their four year college degree. An MBA especially can be extraordinarily appealing for an employer, as it shows dedication on the part of the prospective employee, and a commitment to staying on the cutting edge of business. Of course, for many people in this position, the pursuit of a traditional MBA may be logistically impossible. In terms of juggling a career, a family, and the myriad responsibilities associated with being an adult, earning another degree may fall significantly low on the priority list. But now, with the opportunities available through the Internet, adults can earn an online MBA without ever leaving their home. An online MBA is earned through the completion of coursework and reading on the computer; it is work that while certainly significant, can be completed at the leisure of the students rather than them rearranging their life to fit school. Better still, the result of an online MBA can be a significant edge on the competition in search of a job position.

Free Essays on The Great Gatsby And Destruction Of The American Dream

1. Introduction The Great Gatsby was first published in April 1925 in New York. It took F. Scott Fitzgerald several years to finish this work, but that was worth it. This novel was the third one he wrote. As the other two previous novels it was very successful. It was even performed on stage. Today are existing various translations of the it and even some movies, which are known all over the world. My interest for this book was aroused when somebody in school presented the book and included the American Dream in this presentation. While reading the novel I recognised a lot of tension in it, which probably is caused by how the language is used but also by what is happening and what kind of characters are acting. It is easy to read, probably because of the straight way it is written in. On the other hand, when I read more closed, I discovered various meanings in it. Fitzgerald used experiences from his own life and included them in general topics like the extravagantly life in the â€Å"golden twenties†, the fragility of dreams as a result of conformity, the relationship between man and woman, the failure of the American Dream and others I do not want to mention now because this paper mainly deals with the most interesting one for me, the issue of the American Dream and what happened to it in the 1920s, a period when the old values that gave substance to the dream had been corrupted by the vulgar pursuit of life. The characters in this novel interpret the American Dream in different ways. Which ways that are, shall be shown in this essay. First of all I give a general overview of the development of the American Dream until the 1920s and how the author included it in his novel. After that I go on with analysing the main character’s dream and examine how it is concerned with the changing of the American Dream. In my third step I do the same with other important characters to illustrate other attitudes towards the Am... Free Essays on The Great Gatsby And Destruction Of The American Dream Free Essays on The Great Gatsby And Destruction Of The American Dream 1. Introduction The Great Gatsby was first published in April 1925 in New York. It took F. Scott Fitzgerald several years to finish this work, but that was worth it. This novel was the third one he wrote. As the other two previous novels it was very successful. It was even performed on stage. Today are existing various translations of the it and even some movies, which are known all over the world. My interest for this book was aroused when somebody in school presented the book and included the American Dream in this presentation. While reading the novel I recognised a lot of tension in it, which probably is caused by how the language is used but also by what is happening and what kind of characters are acting. It is easy to read, probably because of the straight way it is written in. On the other hand, when I read more closed, I discovered various meanings in it. Fitzgerald used experiences from his own life and included them in general topics like the extravagantly life in the â€Å"golden twenties†, the fragility of dreams as a result of conformity, the relationship between man and woman, the failure of the American Dream and others I do not want to mention now because this paper mainly deals with the most interesting one for me, the issue of the American Dream and what happened to it in the 1920s, a period when the old values that gave substance to the dream had been corrupted by the vulgar pursuit of life. The characters in this novel interpret the American Dream in different ways. Which ways that are, shall be shown in this essay. First of all I give a general overview of the development of the American Dream until the 1920s and how the author included it in his novel. After that I go on with analysing the main character’s dream and examine how it is concerned with the changing of the American Dream. In my third step I do the same with other important characters to illustrate other attitudes towards the Am...

American Colonies

The American Revolution can be considered as the most important event within American history. Through this event, a collection of colonies transformed themselves into a unified government and society, one that embarked on the longest and most successful demonstration of democracy in world history. During the 18th century, England and France were embroiled in a series of wars that were ultimately meant to establish one or the other as the dominant European force. The first three wars had no true impact on the colonies, but the last war – the French and Indian War – would lead to a huge change in the relationship between the colonies and England. During the early years of the war, prior to 1758, the colonists continued trading with the French while refusing to contribute money to the British war effort. The first problem was solved through the efforts of the William Pitt, Prime Minister of England. He offered to reimburse the latter for part of any war expenses they incurred on behalf of England. The second issue resolved itself through victories the English had in Canada and the Caribbean. Unfortunately, the English did not realize that their war policies would end up putting their realm in severe debt. Once it was realized, however, it opened the door for reform programs that would ultimately push the American colonies to seek independence from England. Following William Pitt as Prime Minister were several men, all of whom tried to enforce strict laws on the American colonies with the goals of replenishing the English treasury and reestablishing English authority over the colonies. The first of these men was George Grenville, who became Prime Minister following William Pitt. Grenville assessed the situation in the following manner: the colonies had an extremely light tax burden as compared to that being endured by the English; therefore, it would be logical for the prosperous colonies to share in the expenses that had been racked up trying to defend and protect them. Grenville further discovered how lax the royal customs service in the American colonies was. This, combined with the need for England to replenish its treasury, lead to the implementation of several acts that would meet with ever increasing anger and protest on the part of the American colonists. First, Grenville saw to it that the Navigation Acts that had been ignored for so long were now implemented to the last letter. Next was the passage of the Sugar Act in 1764, which put new taxes on foreign imports such as wine, textiles, coffee, indigo, and sugar. The goal behind this particular tax was to bring in enough money to offset the expenses of â€Å"defending, protecting and securing† (Shi Tindall, 2007) the colonies. Following the Sugar Act was the Currency Act of 1764, which put a stop to the colonies printing their own paper money. Following the implementation of the Sugar Act was the Stamp Act of 1765. This act stated that all printed material within the colonies had to had a revenue stamp on them. The final act implemented by Grenville was the Quartering Act, which applied to all colonies, but most seriously affected New York. It required that soldiers of the British army be given lodging within the homes of any colonial family at any given time. In the minds of the colonists, all these various acts infringed on their rights. They strongly believed that England had no right to tax them if the colonists had no representation within the English Parliament. Therefore, each act that was passed was met with great protest and outrage within the colonies. Eventually, the slogan that could be heard throughout the colonies was: â€Å"No taxation without representation† (Shi Tindall, 2007). The outrage over the various acts, particularly the Sugar and Stamp Acts, ultimately led to the downfall of Grenville, and the repeal of these two offensive acts. However, Grenville’s successor went down the same path in passing the Townshend Acts. These laws were intended to bring the colonies, particularly New York, to heel. Instead, they simply increased colonial resentment and resistance. Yet, the level of resentment and resistance varied among the colonists. John Adams stated during the first Continental Congress that, with regard to where the colonists stood on independence, one third were for independence, one third were against independence, and the final third were undecided. Adams was extremely accurate in this statement. From the start, there had been a select group of colonists that agitated for immediate independence in response to the way Parliament and England treated them. Just as adamant were a group who believed that the colonies owed everything to England, and therefore, could not see breaking away from England as a good thing. Finally, there was the group who could not decide either way. Like all undecided groups, they could see valid points on each side of the issue, but were unable to make a definitive choice. Ultimately, one of the deciding factors that rallied all the colonists to approve gaining independence from England was Thomas Paine’s Common Sense. In this pamplet, Paine outlined points that the majority of the colonists agreed with. He did not just attack Parliament, but also the concept of monarchy. For Paine, the responsibility for the troubles in the colonies did not just lay at the feet of Parliament, but also at the feet of King George III himself. Paine used his pamphlet to present the following conclusion: â€Å"Americans should consult their own interests, abandon George III, and declare their independence† (Shi Tindall, 2007). Another aspect that unified the majority of American colonists in seeking independence was the outbreak of war in Lexington and Concord, Massachusetts. These two battles occurred before a formal break with England had been pronounced. The fact that English soldiers would attempt to initiate warfare with the colonists before they had even completely decided on breaking away from England was more than enough evidence that England did not have any consideration for the colonial point of view. Therefore, the formal break England thought would never occur did occur via the writing and proclaiming of the Declaration of Independence in July of 1776. Overall, the American Revolution occurred for one reason: it was the right time and moment to establish country that ruled in a manner completely different from the norm of monarchy. Many of those watching the Revolution unfold believed it was nothing more than an experiment in the misguided concept of democracy that would ultimately fail. Yet, that it did not fail is a testament to the hard work of and constant discussing and debating of the issues by the colonists. They took what they felt was best from monarchical government and adapted it to fit into a new, democratic form of government and society, one in which all inhabitants of that society would have a say in the governing of that society. This is the legacy of the American Revolution: the ability of Americans to utilize the democratic process in governing of America. Shi, David Emory and Tindall, George Brown. America: A Brief Narrative History- Volume One. New York: W.W. Norton Company, 2007.