Catholicism in Quebec and the Quiet Revolution Essay Example for Free

Catholicism in Quebec and the Quiet Revolution Essay Montreal is Quebec’s largest city, has always been renowned for its many churches and basilicas, earning it the nickname la ville aux cents clochers. Mark Twain once said â€Å"This is the first time I was ever in a city [Montreal] where you couldnt throw a brick without breaking a church window†. Today, it is better known for the diversity of its people and its culture painted streets, such as the Quartier Latin and the booming Quartier des spectacles. The city is home to over a hundred and twenty cultural communities and seventy-five languages; seemingly fitting since well over a quarter of the population was born abroad. In the June 2008 issue of Monocle, a London based magazine, Montreal was dubbed â€Å"Canada’s Culture Capital†. It seems hard to imagine that the Catholic Church had a monopoly over not only Montreal but the entire province of Quebec simply half a century ago. How did a land founded and built on Catholicism become a place renowned for its cultural diversity? This essay will explore how the Catholic faith’s image developed in Quebec after the Second World War, touching the province’s strong religious foundation, the Church’s control of the education and medical systems, and how the Quiet revolution paved the way for the prosperity of the French language and the multicultural land we have today. Jacques Cartier officially claimed Quebec in the name of the King of France in 1534, bringing the first sign of Christianity by putting up a cross in Gaspà © that is still visible to this day. The farm, family, faith and language were until recently stereotypical symbols for the Quebecois, but gradually became symbols of French settlers instead. However, these hadn’t always been symbols of the colonists; farming and permanent families were not part of the mindset of the early colony. Samuel de Champlain first met with the Algonquin people on his exploration journey in 1603 and the two parties were quick to form an alliance. The French and Algonquin began trading firearms for furs to keep warm throughout the winter but were mainly sent to be sold in France. During the long alliance with the Algonquin people many Jesuits, members of the Society of Jesus, a Christian male religious order of the Roman Catholic Church, sought to evangelize and convert the aboriginal people. This created a bitter divide between the traditional practitioners of Midewiwin and the Catholic converts. Champlain returned in 1608 to create a settlement in what is now Quebec City, however at the time the French were interested in trading, fishing cod fish and later hunting beaver. This lifestyle made it difficult to attract potential colonists, and upon Champlain’s death in 1635 there were only 300 settlers in New France. King Louis XIV began encouraging members of his military to remai n and settle in New France after discharge, and also hiring young laborers to work in the colony then encouraging them to stay as well. The recruitment efforts of the King of France resulted in a 2:1 male to female ratio, thus he supported les filles du roi, a plan where poor women without a dowry migrated to New France to be married and bear children. By 1681, the marriages and families of these women grew the population to 10 000. These 10 000 French settlers would produce most of the francophone population of Canada (Phan, 292). Once King Louis XV signed the Treaty of Paris, handing over the French territories to the English, the French military, upper-class and business elite all returned to France. The abandoned settlers turned to the Roman Catholic Church as the clergy begun opening schools and hospitals. The French colony of Quebec wanted to avoid an American influenced political policy which stood for Protestantism, republicanism and war, as well as severing its ties with France following the Treaty of Paris and the French Revolution’s religious prosecutions. The colony then adapted policies of the Church, associating the land with the Vatican instead. The Church system worked well for the prosperity of the people at the time, but later Pope’s decisions would eventually lead to the downfall of faith in Quebec. The early 19th to mid-20th centuries saw the farm, family, faith and language become the sacramental lifestyle of the Quebecois. At the end of the 19th century in Rome, Pope Leo XIII called for a renewal of ecclesial studies to modernise the Church’s lessons to aid in the application against the challenges of the new world. Reform-minded scholars were thus encouraged to explore and revise the conventional positions of the church and were given much elbowroom until the Pope’s death in 1903. His successor, Pope Pius X, had a much different approach. In 1907 the Pope published Pascendi Dominici Gregis, a letter condemning modernism as the synthesis of all heresies (Jodock, 56). The Vatican began enforcing anti-modernism, which set the stage for what would later be the Quiet revolution. `The period leading up to the 1960s was one through which the province had long been undergoing a process of industrialization and urbanization that had dated back to the latter part of the nineteenth century. Various transformations had been taking place, making it no surprise that the Quebec Liberal Party (QLP) was able to dethrone the Union Nationale (UN) as leaders of provincial government. During the 1940s and 1950s, the image most frequently associated with Quebec’s French-Canadian people was that of a church-ridden, agricultural society outside the mainstream of the urban-industrial North American way of life. Although the Catholic Church is credited for the preservation of the French language and culture, the Western world had moved its interest away from the large families and agriculture supported by the Church. This seemingly outdated view of Quebec as a society gave politicians a clear view on what to campaign for. Jean Lesage of the QLP was able to garner over 50% of the popular vote and gain 51 seats to defeat the UN, ending a 16 year run for that party in Quebec. The province was about to come out of the period known as â€Å"la grande noirceur†, due to the scandal and corruption that the Union Nationale leader used to remain in power, and to enter a new era that Quebec still finds itself in at this very moment. The Quebecois expected change and Lesage was to come through for them. As the former provincial government had been supported by the Catholic Church, he had started what seemed to be a secularization process that coincided with the status of religion in Quebec at that time. Between the years 1961 and 1971, religious practice in Montreal fell from 61 percent of the population to 30 percent, and only 14 percent among people aged 16-24. The low number of young Catholics raised many concerns for the Church as to wear they would find future replacements for its aging clergy (Gauvreau). The emergence of lay Quebec organizations that defined nationalism in terms of language and political independence instead of religion also hastened a loss of confidence in the church. Not the least of significant markers in the 1960s was the bishops decision to dismantle Catholic Action itself. The entire process resulted in a de-Christianization that most defined carefully as not the decline of private belief, but as the rapid loss of a Catholic public identity. Jean-Paul Desbiens wrote a letter under the name Brother Anonymous criticizing the education system, stating the importance of the involvement and control of the provincial government over such services. The characterization of Quebec citizens as a religious people was outdated and the following period gave birth to a new identity for the Quebecois to latch on to. The Premier began this procedure by having the province take control of education by first establishing the Department of Youth (which became the Ministry of Education in 1964) and provided free education up through high school. Lesage would then go on to make schooling up until the age of 16 mandatory with the belief that educating the youth would lead them to become the successful leaders of tomorrow, replacing the Anglophones who were in control of most of Quebecs businesses at the time. Continuing the reform, he increased government control over the healthcare system, by implementing a hospital insurance plan in 1961 (a prequel to Quebec’s version of a universal healthcare plan in 1972). These two essential institutions, which had been the responsibility of the Catholic Church ever since the birth of New France, were now primarily in the hands of the provincial government, giving substantiation for the many that now believed Quebec was a secular society. In Conclusion, a land founded and built on Catholicism became a place renowned for its cultural diversity after the anti-modernisation of the Church forced the Quebecois to break free from its monopoly over the province. After exploring how the Catholic faith’s image developed in Quebec, it is made evident that the stereotypical symbols of the 19th century Quebecois had to be shaken in the 20th century in order for them to prosper in the 21st century. Works Cited: Tentler, Leslie W. and Kevin Christiano. The Church Confronts Modernity: Catholicism since 1950 in the United States, Ireland, and Quebec. Washington, D.C.: Catholic University of America, 2007. Print. 19-90 Jodock, Darrell. Catholicism Contending with Modernity: Roman Catholic Modernism and Anti-modernism in Historical Context. Cambridge, U.K.: Cambridge UP, 2000. Print. Van, Die Marguerite. Religion and Public Life in Canada: Historical and Comparative Perspectives. Toronto: University of Toronto, 2001. Print. Phan, Peter C. Ethnicity, Nationality and Religious Experience. Lanham, MD: University of America, 1995. Print. Gauvreau, Michael. The churches and social order in nineteeth- and twentieth-century Canada. Montreal: McGill-Queens University Press, 2006. Print. Baum, Gregory and Michael Gauvreau. The Catholic Origins of Quebec’s Quiet Revolution, 1931-1970. Montreal: McGill-Queen’s University Press, 2005. Print.

Briar Rose :: essays research papers

Jane Yolsen produces a powerful and moving novel that deftly blends the legend of Sleeping Beauty with the historical tragedy of the Holocaust. To Rebecca, Sylvia and Shana, "Briar Rose" was simply a bed time story but in all reality the story they grew up with was an actual event in Gemma's life. Although Gemma always identified strongly with Briar Rose, the sleeping princess, no one had thought it anything but a bedtime story. But when a mysterious box of clippings and photos turns up after Gemma's death, hinting that the accepted version of Gemma's origins is untrue, Becca begins tracing the real story, which bears striking resemblance's to Gemma's fairy tale. Becca then sets off on a journey to Europe to discover her grandmother's true identity. I felt this book was more for adults than for young adults. It was complicated and probably difficult for a young teen to follow. It had language that may not suitable for a young adult. Such as a line like, "Stan expertly braked and simultaneously turned the wheel slightly to the right. "Asshole!" he muttered." (Jane Yolen, 67). It was a remarkable book. I usually don't enjoy reading what I "have" to, but I truly adored this book. When I first started the book I wasn't very enthused but once I read the first four chapters (for the second time) I started falling into the novel. I became so emotionally involved with the characters and the story that I had to finish it. It made me recall everything I had learned in history class about the Holocaust. At that time it did not seem to "click". Now that I read this story and all of its frightful horrors it all comes rushing back. Now that I think about it, this is actually a great book for young adults to read. It teaches them a little about the holocaust and the terrible tragedies that had occurred. It even teaches them a bit about homosexuality. Though the gays were not treated very well in Yolen's novel. I loved the detail that Yolen put into "Briar Rose". It felt like I was actually there, staring down at the mountain of bodies below. Smelling the putrid smell of week old rotting corpses. Sleeping in a trench covered with branches and leaves, with nine to thirteen other escapees, aching for a shower and food in my stomach.

An overview of Qantas Group Business Practices Essay

Executive Summary This report is commission to analyse the activities of the Qantas Group and main risks that Qantas has to face. Through analysing the factors that may affect the profit of the corporation, different derivatives that Qantas Group can use to hedge the risks are discussed and the advantages and disadvantages of these derivatives are given. As a listed company, Qantas Group focuses on providing airline services both in domestic and international markets. During daily operations, input price risk, foreign exchange risk and stock price risk are the main risks that the company has to use different derivatives to control. Based on analysis, it is suggested that these risks could be hedged by using options and forward contracts respectively and specific reasons are provided to demonstrate the feasibility of these derivatives. Through hedging, it is believed that the risks of Qantas facing today could be better controlled in the future. 1.1 Activity Description Qantas Airways Limited is Austra lia’s number one airline, which connects Australia to 81 destinations in 40 other countries worldwide and operates extensive domestic services in both Australia and New Zealand (Qantas Airways Limited 2011). Its main business is the ‘transportation of passengers using two complementary airlines, Qantas and Jetstar, operating international, domestic and regional services’ (Qantas Airways Limited 2011). In addition to airline brands, the Qantas Group operates a number of related activities to broaden its portfolio of businesses and investments, such as Qantas Frequent Flyer and Qantas Freight Enterprises. With the increasing competition in the airline industry, Qantas Group continues to manage its strategic, financial and operational risks, respect the rights of shareholders, introduce new technology that enhance the customer experience and provide more safety service (Qantas Airways Limited 2011). According to the 2011 annual report, Qantas had suffered several significant weather events and natural disasters during the year. Hence, Qantas now tries to control the potential risks and recover the airfreight market through improving its joint venture agreements with both domestic and international airfreight network. 1.2 Main risks As a listed national airline company which occupies approximate 65% Australian domestic market share and 18% international market share (Qantas review 201 2), Qantas faces various risks during its daily operations, mainly including input  price risks, foreign exchange risk and stock price risk. The input price risk refers to the volatile in the prices of inputs which may impact a company’s financial result (Harper 2010). As an airline company, Qantas heavily depends on the jet fuel to support its normal business operation. For instance, it incurred 3,684 and 4,329 million dollars of fuel costs in 2011 and 2012, separately (Qantas Airways Limited 2012), which leads the company to be significantly sensitive to the price fluctuations in the jet fuels. As a rise in the fuel price might largely increase the costs of flight services while a decline in input price would save costs in contrast, it may further influence the ticket prices and sales volume in its business. In other words, it exposes Qantas to the input price risk to a relative high level. The foreign exchange risk is the financial risk of an exposure to unexpected exchange rates between currencies, which may have either a positive or negative impact to a company’s financial position and performance (Harper 2010). Besides the domestic destinations, Qantas also serves international flights and has developed codeshare relationships and joint service agreements with many foreign airline companies all over the world (Ports and Relationships 201 2). It indicates that Qantas has to face the financial risk in the unanticipated currency exchange rates between Australian dollar and various foreign currencies in terms of sales, costs, expenses and investments. As a listed company on the ASX, Qantas also confronts the stock price risk, as the changes and fluctuations in its stock price may significantly impact the entity’s financial position and shareholders’ wealth. Generally the stock price is influenced by both the macroeconomic trends and the corporation-specific factors. For instance, the global economy recession may impact the financial situation in all industries including airlines, which would result in the decline in all stock prices in the stock market; while some company-specific factors only influence the certain company’s stock price, such as the weather factors suffered by Qantas which affect its services and financial performance may specifically impact the stoke price of Qantas. As explained by Harper (2010), many companies develop strategies to hedge risks by adopting certain derivatives. Qantas can choose proper derivatives such as futures and options to assist in reducing the risks mentioned above to a reasonable level. Hedging input price risk by using options Hedging through options  could reduce the risk from potential future market movements (Hull 2011). Because of the great deal of jet fuel consuming, the price changes in inputs (fuel) are of significant importance to Qantas (Investopedia 2012). Qantas hedges against the price increase of jet fuel (crude oil and jet kerosene) to eliminate the potential risk. Qantas held the hedging using options, which is traded on the Australian securities exchange, of future aviation fuel purchases by crude oil and jet kerosene derivative contracts in 2012 (Qantas Airways Limited 2012). Qantas uses options on crude oil and jet kerosene to hedge exposure to fuel price movements. According to Qantas policy, up to 80% of the estimated fuel consumption out to 12 months and up to 40% in the subsequent 12 months could be hedged. Any other hedging outside the parameters must be approved by the Qantas Board. 58% (2012) and 53% (2011) of the estimated fuel exposure less than one year have been hedged. Also, 6% (2012) and 9% (2011) of the estimated fuel exposures more than one year but less than three years have been hedged. The net gain from future aviation fuel payments less than one year is minus $11 million (2012) and $130 million (2011) (See Appendix 2.1.1) (Qantas Airways Limited 2012). Advantages and disadvantages: The advantage associated with the hedging strategy is that it reduces the potential fuel price movement risks. Qantas airway, which provides airline services to customers, has no particular skills in predicting changes, fuel price for example (Hull 2011). Hedging the risks associated with these potential increasing variables could be beneficial. Qantas could place more focus on the main business activities by avoiding unpleasant risks through hedging (Hull 2011). However, there are several limitations within the hedging strategy. First, competitive pressures within the airline industry could result in the fluctuation of costs of raw materials. As a result, companies without hedging strategy can have constant profit margins, and companies which have adopted hedging strategies to reduce potential risks may have fluctuating profit margins (Hull 2011). Second, Bakshi and Kapadia (2003) argued that there could be a market price for the exposure to volatility uncertainties when the expected volatility is not constant. The fuel price could experience increasing or decreasing in the estimated period of time, so the hedging using options could bring a loss of the upfront payment.2.2 Hedging foreign exchange risk by using forward contracts The basic principle of hedging foreign exchange  risk is to exchange the currency when exchange rate is favourable, and then invest currency which is native to the country of origin. The purpose of this approach is to prevent a monetary loss by safeguarding the investor against currency exchange rate fluctuation (Sayali Bedekar Patil 2012). Forward contracts are usually used to lock the receipts and payments in a fixed exchange rate. It offers stability to both the receipts and payments. In Australia many banks provide forward rate as a service to customers. By entering into a forward contract with a bank, the Qantas can simply transfer the risk to the bank, which will now have to bear. In this case, Qantas forecasts the exchange rate could fluctuate and end with a possible depreciation of USD. Qantas then can enter into a short forwards contract with a bank to fix the exchange rate reduce the foreign currency risk. FXStreet website (2012) contains information on spot and forward quotes for the AUD/USD exchange rate, Dec 24, 2012. (See Appendix 2.2.1) By entering into the forwards contract using forwards, Qantas is guaranteed of an exchange rate of AUD 1.0375 per USD in the future irrespective of the spot exchange rate in three months. If USD were actually depreciated in three months, Qantas would hedge the risk. However, if it were to appreciate, then Qantas would have to forego favourable movement and hence bear implied losses. Advantages and disadvantages: Forward contract is a management technique to reduce, mitigate and eliminate risks. The transactions are over the counter without regulation, so the two parties (buyer and seller) can negotiate that they mutual ly agree in any terms, such as the underlying asset, timing, location, amount and type of trade. The contracts are characterized in flexibility, they are not settled until the specified date so there is no initial upfront payment required, moreover, there is no commission paid on the trade (Khalid, Mohammed, Abdul and Hisham 2011). On the other hand, the contracts are often illiquid, because a forward contract is usually designed to meet specific needs. The buyer may find it difficult to sell the position to a third party because of its specificity. Moreover, the credit risk exists as the clearinghouse does not guarantee the amount. Finally, it is unregulated that a formal body has the responsibility for setting regulations and procedures to protect their transition (Khalid, Mohammed, Abdul and Hisham 2011). 2.3 Hedge stock price risk by using options Stock price risk refers to the company performing under its  expectation, i.e. a decrease in its stock price (Moazeni and Foroghy 2012). Greater returns should be in relation with higher stock risks (Koslowsky 2009), and to pursu e a higher return in stock market, Qantas has to face a higher level of stock risks, i.e. a larger possibility that the company may suffer loss when stock price decrease. To hedge the stock risk, i.e. to hedge stock price from decreasing, we found that Qantas has a number of call and put options in market, with underlying assets of Qantas Airways, of different expiry date, either in American or in European style, which is in turn effectively in manage its exposure to risk in stock market. Call option refers to the right to buy while put option refers to the right to sell. As an option seller, Qantas uses call options for the Airways stock in expectation that the stock price will decrease in the future whereas use put options for the Airways in expectations that the stock price will increase in the future. First of all, as a call option seller, Qantas will get benefit when the market price is below the exercise price as their exercise price is locked. This is because their counterparty will not exercise the option when market price is below the exercise price, so Qantas will benefit from the premium their counterparties paid. Similarly, as a put option seller, Qantas will benefit when stock price increases. In addition, as we found that Qantas has a number of options with different expiry date up to 17/12/2015 (ASX 2012), we could say that Qantas will be effective in managing its stock risk by using options in a time horizon. Advantages and disadvantages: The advantage of shorting options is the option seller will get benefit, i.e. premium paid by their counterparties, in shorting calls when stock price increases, and in shorting puts when stock price decreases, and it is quite flexible, as their counterparties can exercise the option before the expiry date, depending on the volatility of the share price. However, the disadvantage of selling option is the loss from stock price volatility, that is, the loss is unlimited in selling call options when stock price increases and in selling put options when stock price decreases. Reference List: ASX. 2012, viewed 28 December 2012, Bakshi, G. and Kapadia, N. 2003, ‘Delta-Hedged Gains and the Negative Market Volatility Risk Premium’, Review of Financial Studies, vol. 16, pp. 527-566. FXStreet, 2012, FXStreet, viewed 24 December 2012,  Harper, D. 2010, How Companies Use Derivatives To Hedge Risk, Investopedia, viewed 19 December 2012, Hull, J. C. 2011, Fundamentals of Futures and Options Markets, 7th ed., Prentice Hall, London. Investopedia, 2012, How Companies Use Derivatives To Hedge Risk, Investopedia US, A Division of ValueClick, Inc., viewed 20 December 2012, Kameel, A. and Meera, M. 2001, Hedging Foreign Exchange Risk with Forwards, Futures, Options and the Gold Dinar: A Comparison Note, Department of Business Administration International Islamic University Malaysia, Malaysia, viewed 24 December 2012, Khalid, Z. and Mohammed, J. and Mohammed, L. and Hisham, K. and Abdul, K. 2011, Islamic Derivatives in Saudi Arabia: Types of Forward Contracts, A l-Yamamah U niversity, viewed 24 December 2012, Koslowsky, D. 2009, ‘The Relationship between capital structure and expected returns’, University of Monitoba, viewed 28 December 2012, Moazeni, G. and Foroghy, D. 2012, ‘Stock Risk’s Management Applying Market Risk Premium in Tehran Stock Exchange’, International Conference on Accounting and Finance (AT), pp. 194-199. Ports and Relationships 2012, Qantas Airways Limited, Sydney, viewed 19 December 2012, Qantas Airways Limited 2011, Qantas Annual Report 2011, Qantas Airways Limited, Sydney, viewed 22 December 2012, Qantas Airways Limited 2012, Qantas Annual Report 2012, Qantas Airways Limited, Sydney, viewed 20 December 2012, Qantas reviews 2012, Air Review, viewed 19 December 2012, Sayali Bedekar Patil, 2012, Foreign Currency Hedging, viewed 24 December 2012,

America s Educational System Must Improve Nationally By...

America’s educational system could improve nationally by removing standardized testing. American has recognized some of the flaws the education system has presented and chose to fix them; however, one of these problems has been standardized testing, which has not been identified nor changed. Standardized testing inflicts many problems to students that need to be fixed immediately. From inefficient teachers to poorer school systems, standardized testing needs to change because it deteriorates America’s education systems, it is an unfair disadvantage, and it cannot accurately measure a student’s amount of intelligence. One problem standardized testing imposes is that it cannot precisely measure a student’s amount of knowledge. With so many education systems and a number of teaching styles, there is no realistic way to cover the material every student has been learning. This leads to problems on the results of standardized tests. Swartz, of the National Cente r for Teaching Thinking said, â€Å"Most current U.S. standardized tests include only multiple-choice questions and provide no way for students to explain their thinking, So if a student answers (d) and that s correct, it still raises the question, ‘Is he just guessing?’ And there s no way to know,† (â€Å"Teaching Critical Thinking†). Standardized tests, especially multiple choice tests, are inefficient for measuring a student’s ability and knowledge. Clearly, multiple choice tests do not work. They cannot correctly determine howShow MoreRelatedMr Zhang42340 Words   |  170 Pagesfinancial reporting requirements? Objective – Public reporting requirements in the PCAOB context. (1-2) Explain how the acceptance of a public company would impact a CPA firm. In particular, how would Roger s decision about offering stock to the public impact Abernethy and Chapman s decision of whether or not to accept Lakeside as a client? 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