The middle class in urban Britain 1780-1900 Essay

The middle class in urban Britain 1780-1900 - Essay Example However, they lacked the modalities to effect the change. It was not until the early nineteenth century that need for change was more strongly expressed by the lower class and the middle class. It is of importance to note that the people who took part and spearheaded this change were the middle class and were the cream in terms of their intellect (Scull, 2005).. Political changes The political arena in Britain was secluded to the mighty and wealthy for a long time, which also refers to the upper class. It was solely the rich who could rule while the middle class neither had a chance nor could raise their voices to be heard. This is evident even from the governance structure since that it is documented that even from the law making organs, the House of Lords could overrule any law passed by House of Commons. The ugly political face was worse in some areas like old Sarum and Dunwich where the middle class could not vote and a number of legislators were re-elected unjustly. The women we re also not allowed to vote, which expressed how democracy was indeed a nightmare to the people being ruled. This did not quite add up since lawyers were also in the category of the urban middle class (Mitchell, 2002). At that particular time, out of an estimated population of thirty million only about two million were allowed to vote. Inspired by the French protester refugees who moved in at around 1700, there were efforts by the middle class to spearhead their liberation. Several uprisings came up and the continuous pressure led to The Great Reform Act that was landmarked a political change in centuries. This Act brought political sanity to Britain and many other positive changes.. The imagery constituencies done away with and the members of parliament representation rationally and equitably restructured. Moreover, the most relevant to our discussion is that the middle class were allowed to vote with the exception of women (Scull, 2005). Economical changes Despite being despised, the middle class were relatively wealthy. Most of them had their wealth on land possession. It was just until in the late nineteenth century that he urban middle class began engaging in forms of wealth holdings like the stock market. In the urban areas in this period, a majority began being wealthy by manufacturing and creating employment. This gave rise to several merchants across Europe at the time and this can attribute to the steady rise in the number of the middle class (Mitchell, 2002). There are some cities that their economical growth was attributed solely to the middle class. An exquisite example is the city of Manchester, which at this period had many projects running in the event of industrial revolution. During the industrial revolution, the whole of Europe had a majority of entrepreneurs comprising of the middle class. The middle class prompted women to get employment. It important to have in mind that women were considered as housewives for some pretty long time in Bri tain. This had a large impact to the economy of the middle class, since majority-hired house cleaners to help in the daily domestic chores and this amounted to about forty percent of the female workers (Mitchell, 2002).

Discussion Assignment Example | Topics and Well Written Essays - 250 words - 30

Discussion - Assignment Example The main question is whether the borrower will be able to repay the debt. There are numerous financial measures that can be used to establish a borrower’s capacity including liquidity and debt ratios (Graham and Smart 56). The third aspect is capital. The lender takes into consideration any capital the borrower contributes towards the investment. This is owing to the fact that a larger contribution reduces chances of default. The fourth element is collateral. Borrowers may apply for credit cards, lines of credit or loans that secured or unsecured. Secured products including a home equity loan or an auto is considered as collateral (Graham and Smart 56). The value of the collateral is determined and plays an important role in lending decisions. Finally, the conditions including interest rates, principal play a huge part in lending decisions. Mail float contributes to the time delay between when a particular payment is made and when it is received and leads to a delay in the cash collection process. Processing float refers to the time between the recipe of a specific payment into a company’s account and results into a holdup in the cash collection process (Graham and Smart 523). Finally, the availability float is defined as the time between when the payment is received and deposited into a company’s account and more time is taken in cash