ECO 310 #3

Answer one of the following. While your answer should draw on the Baptist reading, I encourage you to also use material from Empire of Cotton where relevant.

1. In the decades before the Civil War, there was a vast increase in the cotton trade, with huge new areas of the American south being turned to cotton and the value of cotton exports from the US rising dramatically. How was this growth in the cotton industry experienced by slaves? How did it affect their lives?

2. According to Bishop, many of the traits that we associate with modern business were actually found first on slave plantations. What are some of the modern, rational business practices that first developed on slave plantations?

3. Historically, most labor has been unfree to some extent. Even today, most people have to obey the commands of a boss or supervisor at work. But slavery seems like an extreme case of unfreedom. What made slavery unique? What made it different from other forms of bound or coerced labor?

Note: Make sure your answer is based on the reading and uses specific examples from the text; dont just answer based on your general knowledge of slavery.

East Asian Political Systems

  1. We have devoted considerable time to the history, culture, and economics of China, the Koreas
    and Japan. Let us now apply the foreign policy to the issues by a look at the following questions: what role should the US play in the future of East Asia? Should we remain engaged in the areas of economic growth? Trade? Military security? Should we arm our allies and oppose potential power challenges in East Asia? Should we gradually withdraw and leave the future of East Asia to those countries in the region? Or do you have a different opinion altogether about our role in
    East Asia? Now is the time to share. Be specific in your answers and back up your opinion with cited sources.

Sample Solution

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A Company Behavior

While Walmart may employ many individuals (e.g., 2.1 million worldwide), the company has
received negative attention in terms of its business model and practices. Not only has Walmart
been accused of treating employees poorly, but it has also been the target of discrimination
scandals.
After reviewing this week’s resources, conduct a review of relevant research regarding Walmart
and its practices. Then, prepare a written report of your findings that addresses the following:
Briefly summarize Walmart’s mission, vision, and values.
Evaluate Walmart’s actions (e.g., any unethical behaviors and cases of ethical actions found in
your research).
Elaborate on whether specific actions taken by Walmart are illegal as well as unethical. Justify
your rationale.
Determine how Walmart can improve its corporate culture and leadership.
Then, recommend steps for improvement that could be taken to improve Walmart’s culture.

Sample Solution

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Managerial Analysis

This comprehensive case requires students to evaluate a static budget and prepare flexible
budgets to meet managerial needs. Students are required to calculate and analyze variances
and discuss how variances are critical to managerial decision making.
Resources
Managerial Analysis Grading Guide
Green Pastures Static Budget Income Statement
Generally Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Committee
(SEC)
Tutorial help on Excel® and Word functions can be found on the Microsoft Office website. There
are also additional tutorials via the web offering support for Office products.
Assignment Steps
Scenario: Green Pastures is a 400-acre farm on the outskirts of the Kentucky Bluegrass,
specializing in the boarding of broodmares and their foals. A recent economic downturn in the thoroughbred industry has led to a decline in breeding activities, and it has made the boarding business extremely competitive. To meet the competition, Green Pastures planned in 2017 to
entertain clients, advertise more extensively, and absorb expenses formerly paid by clients such

Sample Solution

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