Friday, May 22, 2020

Animal Farm By George Orwell - 925 Words

Animal farm, the counterparts to many revolutions George Orwell’s novel Animal Farm corresponds to the Russian Revolution of 1917. According the Orwell, this novel was written to personify the Russian revolution and the Role of Joseph Stalin, the Former General Secretary of the Central Committee of the Communist Party of the soviet. Orwell decided to use Animals in his novel â€Å"Animal Farm† to critic the roles of the significant individual involved during the Russian Revolution of 1917-1923. The novel animal farm was also published to express Orwell’s beliefs on Stalin’s reign and the effect it had on the Russian citizens and communities. However, animal farm can also relate to other revolutionary wars in history; like world war I and world war II. In the novel Animal Farm, many animals were portrayed as figure head during the Russian Revolutionary war of 1917. For instance, Old Major, whom was an old prize White boar, symbolized Lenin whom was the comm unism leader of the Russian revolution before Stalin—one of the significant followers of Communism. According to Orwell, this old white boar was a wise thinker and often shared his beliefs and words of wisdom with the other animals on the farm. Old Major believed that Mr. Jones was the cause of the animal’s starvation and overworked issue on the farm. Therefore, Old Major believed that once Mr. Jones and the other men were removed from the farm, hunger and overworking farm animals would be abolished and he animals will getShow MoreRelatedAnimal Farm And George Orwell By George Orwell1034 Words   |  5 Pages Eric Arthur Blair, under the pseudonym of George Orwell, composed many novels in his lifetime that were considered both politically rebellious and socially incorrect. Working on the dream since childhood, Orwell would finally gain notoriety as an author with his 1945 novel Animal Farm, which drew on personal experiences and deeply rooted fear to satirically critique Russian communism during its expansion. Noticing the impact he made, he next took to writing the novel 1984, which similarly criticizedRead MoreAnimal Farm By George Orwell1397 Words   |  6 PagesAn important quote by the influential author of Animal Farm, George Orwell, is, â€Å"Every line of serious work that I have written since 1936 has been written, directly or indirectly, against totalitarianism.† George Orwell, a Democratic Socialist, wrote the book Animal Farm as an attack on the Communist country of Russia (â€Å"The Political Ideas of George Orwell,† worldsocialism.org). He had a very strong disliking of Communism and the Socialist party of Russia. However, he insisted on finding the truthRead MoreAnimal Farm, By George Orwell1545 Words   |  7 Pagesallow because an this elite institution of people often use this gear to dominate and oppress society. In George Orwell’s story, Animal Farm, Orwell demonstrates that education is a powerful weapon and is a device that can be used to at least one’s benefit. Living in a world where strength is a straightforward to benefit, the pigs quick use education to govern the relaxation of the animals on the farm to serve themselves worked to their advantage. This story in shows the underlying message that   firstRead MoreAnimal Farm By George Orwell944 Words   |  4 Pageslegs(Orwell 132). He carried a whip in his trotter(Orwell 133). In the novel Animal Farm by George Orwell, animals have the ability to talk and form their own ethos, Animalism. Animal Farm is an intriguing allegory by George Orwell, who is also th e author of 1984, includes many enjoyable elements. More knowledge of the author, his use of allegorical elements, themes, symbols, and the significance in the real world, allows the reader to get more out of this glance into the future. George OrwellRead MoreAnimal Farm, By George Orwell876 Words   |  4 Pagesrebellious animals think no man means freedom and happiness, but they need to think again. The animals of Manor Farm rebel against the farm owner, Mr. Jones, and name it Animal Farm. The animals create Animalism, with seven commandments. As everything seems going well, two of the animals get into a rivalry, and things start changing. Food starts disappearing and commandments are changed, and the power begins to shift. Father of dystopian genre, George Orwell writes an interesting allegory, Animal FarmRead MoreAnimal Farm by George Orwell1100 Words   |  4 PagesIntroduction: Widely acknowledged as a powerful allegory, the 1945 novella Animal Farm, conceived from the satirical mind of acclaimed author George Orwell, is a harrowing fable of a fictional dystopia that critiques the socialist philosophy of Stalin in terms of his leadership of the Soviet Union. Tired of their servitude to man, a group of farm animals revolt and establish their own society, only to be betrayed into worse servitude by their leaders, the pigs, whose initial virtuous intentionsRead MoreAnimal Farm By George Orwell1538 Words   |  7 PagesMecca Animal Farm The Russian Revolution in 1917 shows how a desperate society can be turned into a military superpower filled with terror and chaos. George Orwell uses his book, Animal Farm, to parallel this period of time in history. This book is an allegory of fascism and communism and the negative outcomes. The animals begin with great unity, working toward a common goal. The government then becomes corrupted by the temptations of power. George Orwell uses the characters in Animal Farm to showRead MoreAnimal Farm by George Orwell1175 Words   |  5 PagesAn enthusiastic participant in the Spanish civil war in 1936, George Orwell had a great understanding of the political world and made his strong opinions known through his enlightening literary works, many of which are still read in our modern era. Inspired by the 1917 Russian Revolution and the failed society it resulted in, Animal Farm by George Orwell is an encapsulating tale that epitomises how a free utopian society so idealistic can never be accomplished. The novella exemplifies how influencesRead MoreAnimal Farm, By George Orwell1089 Words   |  5 PagesIn George Orwell’s â€Å"Animal Farm†, the pigs as the farm leaders, use unknown language, invoke scare tactics and create specific laws, thereby enabling them to control other animals, to suit their greedy desires, and to perform actions outside their realm of power. Because of the pigs’ use of broad language, and the implementation of these tactics they are able to get away with avoiding laws, and are able to convince other animals into believing untrue stories that are beneficial to the pigs. The firstRead MoreAnimal Farm, By George Orwell1212 Words   |  5 PagesShe stood there over the dead animals thinking to herself what have we come to? We try to become free but we just enslave ourselves to a so called superior kind. Napoleon killed the animals in front of the whole farm and said that this was to be the punishment for the traitors. Snowball was known as a traitor now and anyone conspiring with him would be killed. Snowball and Napoleon both represent historical characters during the Russian revolution in 1917.Snowball who was one of the smartest pigs

Thursday, May 7, 2020

Changes in Latin America and East Asia during 1450 -...

When examining the change and continuity of commerce in Latin America during the time period, 1450-present, some things changed and some things stayed the same. One thing that changed was the previous, trade which was limited to llamas and was therefore more regional. This changed due to the introduction of cattle due to the Colombian Exchange. One thing that continued for the most part was the items used for trading because of the natural resources in Latin America such as silver and various crops that were part of the culture and minimally changed. One thing that changed was the large variety of ethnicities and races that arrived in Latin America because of new economic opportunities situated in the area such as a mercantile job. One thing that changed was the previous, trade which was limited to llamas and was therefore more regional. - The llamas were unable to carry much weight for long durations, so when horses were introduced, it was revolutionary and led to more global trade - Chinese, Indians, and Africans migrated to the West Indies to work in the sugar and tobacco industries (build immunity) - Vaccinations (smallpox and influenza) were introduced in the early 1800s and were sent to Latin America to prevent deaths among laborers. One thing that continued was the population decrease because of the global interaction Latin America started to get involved with. - Greatest contributor in producing global silver for trade, dealt with poisonous mercury andShow MoreRelatedCCOT And CC Essay1549 Words   |  7 Pagesin agricultural societies after the Agricultural Revolution Identify two key changes in early African history that resulted in a new period in the history of the region The Middle East Analyze the political changes in the Middle East from the Agricultural Revolution to 600 c.e. Compare and contrast the basic features of TWO of the following religious systems prior to 600 c.e. Polytheism Judaism Christianity Asia Compare the origins and tenets of TWO fo the following religious and philosophicalRead MoreHistory Essay3334 Words   |  14 PagesAP WORLD HISTORY  ® Modified Essay Questions for Exam Practice This document provides modifications of the AP World History Comparative and Continuity and Change-Over-Time (CCOT) essay questions from the 2002 to the 2010 operational exams. The modified questions provide examples of essay questions that align more closely with the Curriculum Framework for the revised course as of the 2011-12 academic year. The accompanying rationale for each question explains the revisions. Mission Statement Read MoreWorld History Final Exam 20131485 Words   |  6 Pagesand Aztec societies were similar politically how Both expanded empires using the military 8. What economic change or explanation justifies the claim that the late 1400s mark the beginning of a new period in world history? Age of Exploration – – America incorporated into Global Trade Network 9. What is an economic similarity among European colonial empires in the Americas in the period 1450–1750? African slaves, forced labor American Indians 10. What European development is most closely associatedRead MoreKey Concepts 4.1 Globalizing Networks For Communication And Exchange3654 Words   |  15 Pageswhich point it started to include the Americas, and parts of the world it had not before. BEfore this time period the globe was only connected in the eastern hemisphere and places were not as open and involved with one another everywhere. After this time period trade of materials, people, and crops became more prominent and new things were introduced to new areas, this was mainly due to the introduction of water based trade and the introduction of the Americas to the rest of the globalized world.Read MoreHistory3241 Words   |  13 PagesExam 2: Chapter 28-32 Atlantic revolutions (American, French, Haitian, Latin America) Rise of nationalism Industrialization Global transitions: the americas, the ottoman empire, Romanov Russia, Qin China, Japan. Global empires. Atlantic Revolutions: In the early modern period (1450-1750. Period of early European exploration and contact. It caused the establishment of european commercial empires. Primary tributary, it focused on trade, and some settler comics. This caused there to beRead MoreHistory and Its Effects on the Future2143 Words   |  9 Pages political laws and ways, and even scientific advances that further pushed the boundaries of human life to where they are today. The future is very much affected by the past and this is clearly present throughout the later Middle Ages all the way to the 18th century. The achievements of this time period in religion, exploration, science, culture, and arts are some of the most important achievements throughout history. In the 1400s the demand for foreign trade and goods was at a high for EuropeansRead MoreCulture of India9032 Words   |  37 Pagescountries, writes that in the past two decades or so, social change in India is in dramatic contrast to the expectations from traditional Indian culture. These changes have led to Indian families giving education opportunities to girls, accepting women working outside home, pursuing a career, and opening the possibility for women to attain managerial roles in corporate India. Lockwood claims that change is slow, yet the scale of cultural change can be sensed from the fact that of Indias 397 million workersRead MoreProject Report on Fundamental Technical Analysis on It Sect16951 Words   |  68 PagesIntroduction: This project is a part of Summer Internship with Reliance Securities. The title of this project is â€Å"Fundamental and Technical Analysis of Media Sector†. The duration of the Internship was 2 months, i.e. May and June 2013. This pro ject presents the complete fundamental analysis and technical analysis of TCS and Infosys. Objectives: Primary objective: * To understand the stock market with respect to INFORMATION TECHNOLOGY (IT) sector and analyse the risks and the returns associated withRead MoreManagement Challenges for the 21st Century.Pdf60639 Words   |  243 Pagesii Management Challenges for the 21st Century PETER F. DRUCKER Contents Introduction: Tomorrow’s â€Å"Hot† Issues 1 Management’s New Paradigms 2 Strategy—The New Certainties 3 The Change Leader 4 Information Challenges 5 Knowledge-Worker Productivity 6 Managing Oneself Acknowledgments About the Author Books By Peter F. Drucker Credits Front Cover Copyright About the Publisher iii Introduction: Tomorrow’s â€Å"Hot† Issues Where, readers may ask, is the discussion of COMPETITIVE STRATEGYRead MoreToys Project34340 Words   |  138 Pageson toys which indicates that we think of it is a funny and friendly product. It creates an environment that promotes free exchanges of ideas and encourages leadership and initiative. Toys are products that need improvement because of technological change. Children as well as adults start requiring more sophisticated or technologically developed games. It is one product that creates relationships between children, between adults and between children and adults. Hence global trade of the same toys and

Changes in Latin America and East Asia during 1450 -...

When examining the change and continuity of commerce in Latin America during the time period, 1450-present, some things changed and some things stayed the same. One thing that changed was the previous, trade which was limited to llamas and was therefore more regional. This changed due to the introduction of cattle due to the Colombian Exchange. One thing that continued for the most part was the items used for trading because of the natural resources in Latin America such as silver and various crops that were part of the culture and minimally changed. One thing that changed was the large variety of ethnicities and races that arrived in Latin America because of new economic opportunities situated in the area such as a mercantile job. One thing that changed was the previous, trade which was limited to llamas and was therefore more regional. - The llamas were unable to carry much weight for long durations, so when horses were introduced, it was revolutionary and led to more global trade - Chinese, Indians, and Africans migrated to the West Indies to work in the sugar and tobacco industries (build immunity) - Vaccinations (smallpox and influenza) were introduced in the early 1800s and were sent to Latin America to prevent deaths among laborers. One thing that continued was the population decrease because of the global interaction Latin America started to get involved with. - Greatest contributor in producing global silver for trade, dealt with poisonous mercury andShow MoreRelatedCCOT And CC Essay1549 Words   |  7 Pagesin agricultural societies after the Agricultural Revolution Identify two key changes in early African history that resulted in a new period in the history of the region The Middle East Analyze the political changes in the Middle East from the Agricultural Revolution to 600 c.e. Compare and contrast the basic features of TWO of the following religious systems prior to 600 c.e. Polytheism Judaism Christianity Asia Compare the origins and tenets of TWO fo the following religious and philosophicalRead MoreHistory Essay3334 Words   |  14 PagesAP WORLD HISTORY  ® Modified Essay Questions for Exam Practice This document provides modifications of the AP World History Comparative and Continuity and Change-Over-Time (CCOT) essay questions from the 2002 to the 2010 operational exams. The modified questions provide examples of essay questions that align more closely with the Curriculum Framework for the revised course as of the 2011-12 academic year. The accompanying rationale for each question explains the revisions. Mission Statement Read MoreWorld History Final Exam 20131485 Words   |  6 Pagesand Aztec societies were similar politically how Both expanded empires using the military 8. What economic change or explanation justifies the claim that the late 1400s mark the beginning of a new period in world history? Age of Exploration – – America incorporated into Global Trade Network 9. What is an economic similarity among European colonial empires in the Americas in the period 1450–1750? African slaves, forced labor American Indians 10. What European development is most closely associatedRead MoreKey Concepts 4.1 Globalizing Networks For Communication And Exchange3654 Words   |  15 Pageswhich point it started to include the Americas, and parts of the world it had not before. BEfore this time period the globe was only connected in the eastern hemisphere and places were not as open and involved with one another everywhere. After this time period trade of materials, people, and crops became more prominent and new things were introduced to new areas, this was mainly due to the introduction of water based trade and the introduction of the Americas to the rest of the globalized world.Read MoreHistory3241 Words   |  13 PagesExam 2: Chapter 28-32 Atlantic revolutions (American, French, Haitian, Latin America) Rise of nationalism Industrialization Global transitions: the americas, the ottoman empire, Romanov Russia, Qin China, Japan. Global empires. Atlantic Revolutions: In the early modern period (1450-1750. Period of early European exploration and contact. It caused the establishment of european commercial empires. Primary tributary, it focused on trade, and some settler comics. This caused there to beRead MoreHistory and Its Effects on the Future2143 Words   |  9 Pages political laws and ways, and even scientific advances that further pushed the boundaries of human life to where they are today. The future is very much affected by the past and this is clearly present throughout the later Middle Ages all the way to the 18th century. The achievements of this time period in religion, exploration, science, culture, and arts are some of the most important achievements throughout history. In the 1400s the demand for foreign trade and goods was at a high for EuropeansRead MoreCulture of India9032 Words   |  37 Pagescountries, writes that in the past two decades or so, social change in India is in dramatic contrast to the expectations from traditional Indian culture. These changes have led to Indian families giving education opportunities to girls, accepting women working outside home, pursuing a career, and opening the possibility for women to attain managerial roles in corporate India. Lockwood claims that change is slow, yet the scale of cultural change can be sensed from the fact that of Indias 397 million workersRead MoreProject Report on Fundamental Technical Analysis on It Sect16951 Words   |  68 PagesIntroduction: This project is a part of Summer Internship with Reliance Securities. The title of this project is â€Å"Fundamental and Technical Analysis of Media Sector†. The duration of the Internship was 2 months, i.e. May and June 2013. This pro ject presents the complete fundamental analysis and technical analysis of TCS and Infosys. Objectives: Primary objective: * To understand the stock market with respect to INFORMATION TECHNOLOGY (IT) sector and analyse the risks and the returns associated withRead MoreManagement Challenges for the 21st Century.Pdf60639 Words   |  243 Pagesii Management Challenges for the 21st Century PETER F. DRUCKER Contents Introduction: Tomorrow’s â€Å"Hot† Issues 1 Management’s New Paradigms 2 Strategy—The New Certainties 3 The Change Leader 4 Information Challenges 5 Knowledge-Worker Productivity 6 Managing Oneself Acknowledgments About the Author Books By Peter F. Drucker Credits Front Cover Copyright About the Publisher iii Introduction: Tomorrow’s â€Å"Hot† Issues Where, readers may ask, is the discussion of COMPETITIVE STRATEGYRead MoreToys Project34340 Words   |  138 Pageson toys which indicates that we think of it is a funny and friendly product. It creates an environment that promotes free exchanges of ideas and encourages leadership and initiative. Toys are products that need improvement because of technological change. Children as well as adults start requiring more sophisticated or technologically developed games. It is one product that creates relationships between children, between adults and between children and adults. Hence global trade of the same toys and

Changes in Latin America and East Asia during 1450 -...

When examining the change and continuity of commerce in Latin America during the time period, 1450-present, some things changed and some things stayed the same. One thing that changed was the previous, trade which was limited to llamas and was therefore more regional. This changed due to the introduction of cattle due to the Colombian Exchange. One thing that continued for the most part was the items used for trading because of the natural resources in Latin America such as silver and various crops that were part of the culture and minimally changed. One thing that changed was the large variety of ethnicities and races that arrived in Latin America because of new economic opportunities situated in the area such as a mercantile job. One thing that changed was the previous, trade which was limited to llamas and was therefore more regional. - The llamas were unable to carry much weight for long durations, so when horses were introduced, it was revolutionary and led to more global trade - Chinese, Indians, and Africans migrated to the West Indies to work in the sugar and tobacco industries (build immunity) - Vaccinations (smallpox and influenza) were introduced in the early 1800s and were sent to Latin America to prevent deaths among laborers. One thing that continued was the population decrease because of the global interaction Latin America started to get involved with. - Greatest contributor in producing global silver for trade, dealt with poisonous mercury andShow MoreRelatedCCOT And CC Essay1549 Words   |  7 Pagesin agricultural societies after the Agricultural Revolution Identify two key changes in early African history that resulted in a new period in the history of the region The Middle East Analyze the political changes in the Middle East from the Agricultural Revolution to 600 c.e. Compare and contrast the basic features of TWO of the following religious systems prior to 600 c.e. Polytheism Judaism Christianity Asia Compare the origins and tenets of TWO fo the following religious and philosophicalRead MoreHistory Essay3334 Words   |  14 PagesAP WORLD HISTORY  ® Modified Essay Questions for Exam Practice This document provides modifications of the AP World History Comparative and Continuity and Change-Over-Time (CCOT) essay questions from the 2002 to the 2010 operational exams. The modified questions provide examples of essay questions that align more closely with the Curriculum Framework for the revised course as of the 2011-12 academic year. The accompanying rationale for each question explains the revisions. Mission Statement Read MoreWorld History Final Exam 20131485 Words   |  6 Pagesand Aztec societies were similar politically how Both expanded empires using the military 8. What economic change or explanation justifies the claim that the late 1400s mark the beginning of a new period in world history? Age of Exploration – – America incorporated into Global Trade Network 9. What is an economic similarity among European colonial empires in the Americas in the period 1450–1750? African slaves, forced labor American Indians 10. What European development is most closely associatedRead MoreKey Concepts 4.1 Globalizing Networks For Communication And Exchange3654 Words   |  15 Pageswhich point it started to include the Americas, and parts of the world it had not before. BEfore this time period the globe was only connected in the eastern hemisphere and places were not as open and involved with one another everywhere. After this time period trade of materials, people, and crops became more prominent and new things were introduced to new areas, this was mainly due to the introduction of water based trade and the introduction of the Americas to the rest of the globalized world.Read MoreHistory3241 Words   |  13 PagesExam 2: Chapter 28-32 Atlantic revolutions (American, French, Haitian, Latin America) Rise of nationalism Industrialization Global transitions: the americas, the ottoman empire, Romanov Russia, Qin China, Japan. Global empires. Atlantic Revolutions: In the early modern period (1450-1750. Period of early European exploration and contact. It caused the establishment of european commercial empires. Primary tributary, it focused on trade, and some settler comics. This caused there to beRead MoreHistory and Its Effects on the Future2143 Words   |  9 Pages political laws and ways, and even scientific advances that further pushed the boundaries of human life to where they are today. The future is very much affected by the past and this is clearly present throughout the later Middle Ages all the way to the 18th century. The achievements of this time period in religion, exploration, science, culture, and arts are some of the most important achievements throughout history. In the 1400s the demand for foreign trade and goods was at a high for EuropeansRead MoreCulture of India9032 Words   |  37 Pagescountries, writes that in the past two decades or so, social change in India is in dramatic contrast to the expectations from traditional Indian culture. These changes have led to Indian families giving education opportunities to girls, accepting women working outside home, pursuing a career, and opening the possibility for women to attain managerial roles in corporate India. Lockwood claims that change is slow, yet the scale of cultural change can be sensed from the fact that of Indias 397 million workersRead MoreProject Report on Fundamental Technical Analysis on It Sect16951 Words   |  68 PagesIntroduction: This project is a part of Summer Internship with Reliance Securities. The title of this project is â€Å"Fundamental and Technical Analysis of Media Sector†. The duration of the Internship was 2 months, i.e. May and June 2013. This pro ject presents the complete fundamental analysis and technical analysis of TCS and Infosys. Objectives: Primary objective: * To understand the stock market with respect to INFORMATION TECHNOLOGY (IT) sector and analyse the risks and the returns associated withRead MoreManagement Challenges for the 21st Century.Pdf60639 Words   |  243 Pagesii Management Challenges for the 21st Century PETER F. DRUCKER Contents Introduction: Tomorrow’s â€Å"Hot† Issues 1 Management’s New Paradigms 2 Strategy—The New Certainties 3 The Change Leader 4 Information Challenges 5 Knowledge-Worker Productivity 6 Managing Oneself Acknowledgments About the Author Books By Peter F. Drucker Credits Front Cover Copyright About the Publisher iii Introduction: Tomorrow’s â€Å"Hot† Issues Where, readers may ask, is the discussion of COMPETITIVE STRATEGYRead MoreToys Project34340 Words   |  138 Pageson toys which indicates that we think of it is a funny and friendly product. It creates an environment that promotes free exchanges of ideas and encourages leadership and initiative. Toys are products that need improvement because of technological change. Children as well as adults start requiring more sophisticated or technologically developed games. It is one product that creates relationships between children, between adults and between children and adults. Hence global trade of the same toys and

Wednesday, May 6, 2020

Ch 3 Kidwell Free Essays

CHAPTER 3 THE RESERVE BANK OF AUSTRALIA AND INTEREST RATES How is an increase in the cash rate likely to affect mortgage interest rates? Increases will be announced almost immediately in variable rates. How is an increase in the cash rate likely to affect imports An increase in the cash rate may attract an additional flow in of foreign investment funds which will increase the AUD exchange rate. Foreign goods priced in a currency against which the AUD has appreciated will be cheaper in AUD terms and thus the quantity of the goods sold may will increase. We will write a custom essay sample on Ch 3 Kidwell or any similar topic only for you Order Now How is an increase in the cash rate likely to affect the exchange rate? An increase in the cash rate may attract an additional inflow of foreign investment funds which will increase the AUD exchange rate (appreciate the currency). 20. Will a drop in the cash rate affect inflation? Explain. Theoretically it will. A drop in the cash rate will stimulate borrowing, investment and economic activity. The increased demand for resources will put upward pressure on the prices of resources and may lead to inflation. Answers to in-chapter questions 3. What is likely to happen to the monetary base when (a) Centrelink credits age pension to pensioners’ bank accounts? – increase in money supply, (b) the RBA buys government securities from Australian investors and (c) banks raise funds by an overseas note issue? A – increase in money supply B – increase in money supply C – no change as if the payments are received in forex, then they exchange the currency for AUD already in the money supply. If the payments are received in AUD, then other agents have already exchanged the forex for AUD. 3. Why do the financial markets pay so much attention to the cash rate? The cash rate reflects the monetary policy stance and the influence the RBA is trying to exert on the level of economic activity. It also has a significant impact on consumer and business confidence, willingness to invest and spend and ability to service their debt. 3. 4 Describe the likely consequences for GDP growth when the RBA sells CGS to raise funds for the Commonwealth Government A sale of CGS will reduce the supply of money in the economy all other things being equal. This will lead to increased in interest rates as money supply reduces. Higher interest rates reduce the spending power of consumers and business. This results in less spending, investment and a general decline in asset values as spending tightens. Consumers and business are also likely to become more conservative as rates increase. This would then limit GDP growth. It also must be consider for what purpose the funds will be used and this may mitigate the restrictive monetary policy position. How to cite Ch 3 Kidwell, Papers