Bus 1050 1st Edition Lecture 3 Outline of Last Lecture II Thoreau Reading from Walden A The Classics B Illiteracy III DuBois from The Souls of Black Folk A The purpose of the University B DuBois laments IV Locke Of Property A Natural Property B Private Property Outline of Current Lecture V Columbus from The Journal of Christopher Columbus A Expedition as a business venture B Characters C Biased journal VI Film clip Wall Street A Greed VII Eisenhower Address in Detroit Current Lecture Columbus from The Journal of Christopher Columbus Columbus markets his proposition of travelling to find America all over Europe and the Spaniards happen to be desperate so they fund his expedition One can view his expedition as a business venture The King and Queen are the investors who put their capital at risk Columbus is the Chief Executive Officer He knew what he wanted and that was gold to satisfy his investors The Spanish Soldiers are the employees and they re in it for the gold The Natives are the customers and they probably were not happy with the presence of Columbus and his soldiers These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute Columbus interprets his soldiers and himself as god sent but at the end of the day it is his interpretation and it happens to be bias This can be seen throughout the journal because the natives even tell them that there is more gold on other islands and that they should leave theirs The end up sending them to an island filled with cannibals where the Spanish may potentially be eaten although that doesn t happen When one of the ships goes down the Spanish establish a settlement of the island They build a tower and a fort in order to subjugate the whole island Island of Espanola Columbus argues that these things were built so that the natives could learn of the skill and ability of the Spaniards He wants to teach them the ways of Spain because they want to take over their island Columbus wrote his account as a report for the King and Queen of Spain Venture Capitalists In other words one can view it as a report of the stockholders When the ship sinks Columbus argues that it s a good thing and puts a spin on it by saying it was an act of God It looks like his motivation is to be given another chance to go back again He says that he would find lots of gold by barter and that some of the profit should go towards an expedition to Jerusalem Film clip Wall Street In the film clip the message is that greed is good Greed is viewed as evil in western philosophy because the bible says so Even Adam Smith argued that self interest leads to the best outcome of the community In this speech the main character is trying to get control of the company He tells the Stockholders that the vice presidents are hurting the company and that they are simply getting rich off their stocks He asks why do you have stocks in the company To make money He then claims that if he gets control over the company he ll make everyone more money including himself If he manages to buy all of the shares and sells them off it will eventually destroy the company but as an investor that won t matter as long as one makes more money Eisenhower Address in Detroit National Automobile Show Industry Eisenhower argues that one of the things that America had achieved that no other nation had achieved was making it our primary motive to attempt to eliminate poverty He claims that we were not motivated by materialism He posits that poverty had decreased because of changing economic policies One country makes things other countries want and this results in a transfer of wealth The economic system of capitalism brought the U S into prosperity This was a capitalism with morals one that didn t desire to become wealthy but one that desired to improve human dignity and social justice Eisenhower was addressing his speech to the leaders of the automobile industry and the labor force because both must do well for national welfare They can t remove poverty if we they ignore the national welfare It s imperative to work together