Liberalism, By Thomas Jefferson, John Locke, And Adam Smith

Liberalism is, arguably, the foundation the United States. Liberalism is the concept that society should operate on the principles of equality and liberty. Some of the main principles of liberalism that built the United States came from famous thinkers: Thomas Jefferson, John Locke, and Adam Smith. Each of these men believed individual liberty was at the heart of liberalism. The three main principles of liberalism that play a major role in its function are equal rights, individualism, and capitalism. However, are these principles necessarily perfect? This raises the question, is individual liberty necessarily a positive notion as many Americans believe, or are there flaws in the system? Although individual liberalism is regarded as a great thing, there are many problems with its concepts such as unequal treatment, the lack of community in individualism, and the materialistic nature of humans. One of the most famous statements by Thomas Jefferson is, â€Å"all men are created equalâ €  (Jefferson pg. 1, para. 2). Jefferson upholds his stated self-evident truths that all humans have â€Å"certain unalienable rights, that among these are Life, Liberty, and the pursuit of happiness† (Jefferson pg. 1, para. 2). Rights and equality go hand in hand in the Declaration of Independence. He explains that all men deserve these self-evident truths and the complaints for the king’s failure of recognizing them are demonstrated through his long list of usurpations. Some examples that Jefferson providesShow MoreRelatedNiccolo Machiavellis Change In The Scientific Revolution And Secularism Essay1334 Words   |  6 Pagesas the secularism and humanism movements, many began questioning the world around them through science and philosophy. Western thought throughout this period placed a major emphasis on the natural rights of the individual, science, and economic liberalism. 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In your answer, be sure to focus on the principles of classical and modern liberalism, as well as key 20th-century intellectual developments in each tradition. The definitional conceptualization of the five premises of political economy underscores the differences classical and modern liberalism. These premises include human nature, society, government, moralityRead MoreJohn Locke, Adam Smith, And Edmund Burke1922 Words   |  8 PagesJessica Morales Posc005W February 4, 2016 Section 22 John Locke, Adam Smith, and Edmund Burke have several values that are illustrated by today’s society. One of these values would be conservatism. It is true that we have changed today’s society, however; have we quickly changed these values or have we slowly taken our time to introduce them? Property is another value that illustrates today’s society. We need a state in order to own property. There is no other form of regulation that will tellRead Moredevelopment studies1392 Words   |  6 Pagescompilation of various theories. Liberal theories consist of the classical, social, political, cultural and Neo-liberalism theory. Classical Liberalism is prominent theory of the late 17th and 18th century which was dominant in the United States and England during the enlightment or industrialisation period. The theory is usually associated with Adam Smith, John Locke and Thomas Jefferson. It is concerned with social and political change achievement through freedom and it speculates that for this

The Crucible By Arthur Miller - 979 Words

The Crucible, by Arthur Miller, is a very dramatic and partly fictional play written in 1953 about the Salem Witch Trials. Which took place in the Province of Massachusetts Bay between 1692 and 1693. Arthur, got inspiration for this story from McCarthyism, which is when the U.S. government blacklisted implicated communists. Miller was questioned by the House of Representatives’ Committee on Un-American Activities in 1956 and convicted of compete of Congress for denying to identify others present at meetings he had appeared at. The play had been performed at Martin Beck Theater on Broadway in 1953, on January twenty-second. This play starred E.G. Marshall, Beatrice Straight, and Madeleine Sherwood. But, Arthur Miller felt that the†¦show more content†¦But, John values honesty, and cannot keep the secret any longer. After telling the truth, it lets him keep his integrity, but he has destroyed his reputation as a man. Later in the story, he must face his final test by th e court. If he pursues to reject the fact that he has performed witchcraft, he will be lynched. Yet again, Proctor is tempted to be dishonest to save himself, he then realizes that this again, is a problem concerning integrity. So, in choosing honesty is John Proctor’s form of preserving his virtue in the eyes of God. After Elizabeth had learned the truth about what John has done, she is unable to forgive him. He is bitter towards her because she can’t trust him, but he is guilty himself of being untrustworthy. The fact that he cannot forgive himself is increasing his backlash towards Elizabeths’ inefficiency of forgiveness for him. You can tell John feels guilty, but he still begs for forgiveness from her. He says, â€Å"I’d have you see some honesty in it. Let them, that never lied die now to keep their souls. It is pretense for me, a vanity that will to blind God nor keep my children out of the wind. Pause. What say you?† (Page 136). She then replies with, â€Å"John, it come to naught that I should forgive you, if you’ll forgive yourself. It is not my soul, John, it is yours.† (Page 136). After confessing, he is asked by Danforth to sign on it as well. Proctor refuses to at first, and says â€Å"You have all

Assignment †Principle to Accounting Free Essays

Question 1 (Total 10 Marks) Instructions: Indicate in which journal the transactions given below would be recorded by placing the appropriate journal abbreviation in the space provided. AbbreviationJournal GJGeneral Journal CBCash Bank Book SJSales Journal SRSales Return Journal PJPurchases Journal PRPurchases Return Journal CB 1. Received cash on outstanding amount from customer. We will write a custom essay sample on Assignment – Principle to Accounting or any similar topic only for you Order Now SR 2. Customer returned merchandise sold on account. CB 3. Sold merchandise to customer for cash. GJ 4. Owner withdrew merchandise for personal use. GJ 5. Paid shipping charges on merchandise purchased on account. GJ 6. Purchased office equipment on credit. PJ 7. Credit purchase from supplier. GJ 8. Recorded adjusting entries. SR 9. Returned damage merchandise to supplier which has not paid yet. SJ 10. Sold merchandise to customer on account. Question 2 (Total 22 Marks) Instructions: Given the entry information in Silva Trading, prepare appropriate entries for the month of August 2012: 0. Aug. 1Sold merchandise for cash $300. Dr Cash$300 Cr Sales$300 1. Aug. 2Purchased merchandise from ABC Co. n account for $5,000; terms 2/10, n/30. 2. Aug. 4Sold excess land for $7,000 accepting a 2-year, 12% note. The land was purchased for $7,000 last year. 3. Aug. 6Sold merchandise to D. Stone on account for $930, terms 2/10, n/30. 4. Aug. 8Accepted a sales return of defective merchandise from D. Stone—credit granted was $280. 5. Aug. 11Purchased merchandise from Tanner Hardware on account for $1,800; terms 1/10, n/30. 6. Aug. 12Paid freight of $200 on the shipment from ABC Co. in cash. 7. Aug. 15Received payment in full from D. Stone by cash. 8. Aug. 19Paid ABC Co. n full by cheque. 9. Aug. 20Paid Tanner Hardware in full by cheque. 10. Aug. 27Purchased office supplies for $250 cash. Question 2 Answer: |Date |Account |Debit ($) |Credit ($) | |Aug. 1 |Cash |300 | | | |Sales | |300 | |Aug. |Purchases |5,000 | | | |ABC Co. | |5,000 | |Aug. 4 |Notes receivable |7,000 | | | |Land | |7,000 | |Aug. 6 |D. Stone |930 | | | |Sales | |930 | |Aug. 8 |Sales return |280 | | | |D. Stone | |280 | |Aug. 1 |Purchases |1,800 | | | |Tanner Hardware | |1,800 | |Aug. 12 |Carriage inward |200 | | | |Cash | |200 | |Aug. 5 |Cash |637 | | | |Discount allowed |13 | | | |D. Stone | |650 | |Aug. 19 |ABC Co. |5,000 | | |Bank | |5,000 | |Aug. 20 |Tanner Hardware |1,800 | | | |Bank | |1,782 | | |Discount received | |18 | |Aug. 7 |Office supplies |250 | | | |Cash | |250 | Question 3 (Total 48 Marks) Instructions: Based on your entries done in Question 2, prepare, for the month of August 2012: a) Adjusted trial balance (24 Marks) b) Income statement (12 Marks) c) Balance sheet (12 Marks) Silva Trading Trial Balance as at July 31, 2012 ————————————————————————— Account TitlesDr. Cr. ————————————————————————— Cash500 Bank9,075 Prepaid Insurance2,000 Freehold Lands31,000 Notes Payable26,000 F. Santos, Capital15,000 F. Santos, Drawing2,000 Sales17,125 Purchase6,400 Salaries Expense4,000 Supplies Expense1,500 Insurance Expense1,200 Interest Expense500 Interest Payable 50 Total58,17558,175 Question 3(a) Answer: Silva Trading Trial Balance for the period ended 31st August 2012 Account Titles |Debit ($) |Credit($) | |Cash |987 | | |Bank |2293 | | |Prepaid Insurance |2000 | | |Freehold Lands |24000 | | |Notes Payable | |26000 | | F. Santos, Capital | |15000 | |F. Santos, Drawing |2000 | | |Sales | |18355 | |Purchase |13200 | | |Salaries Expense |4000 | | |Supplies Expense |1500 | | |Insurance Expense 1200 | | |Interest Expense |500 | | |Interest Payable | |50 | |Notes receivable |7000 | | |Sales return |280 | | |Discount allowed |13 | | |Discount received | |18 | |Carriage inwards |200 | | |Office supplies |250 | | | |_____ |_____ | |Total |59423 |59423 | Question 3(b) Answer: Silva Trading Income statement for the period 31st August 2012 Sales | |18355 | |-Sales return | |280 | | | |18075 | |-Discount allowed | |13 | |Net sales | |18062 | | | | |-Cost of sales | | | |Purchases |13200 | | |-Discount received |18 | | | |13182 | | |Carriage inwards |200 | | | | |13382 | |Gross profit | |4680 | | | | | | | | | |Expenses | | | |Salaries Expense |4000 | | |Supplies Expense |1500 | | |Insurance Expense |1200 | | |Interest Expense |500 | | | | |7200 | |Net loss | |(2520) | Silva Trading Balance sheet as at 31st August 2012 |Non-c urrent assets | | | |Freehold Lands | 24000 | |Office supplies | |250 | |Notes receivable | |7000 | | | |31250 | |Current Assets | | | |Cash |987 | | |Bank |2293 | | |Prepaid Insurance |2000 | | | |5280 | | |Current Liabilities | | | |Notes Payable |26000 | | |Interest Payable |50 | | | |26050 | | | | | | |Works capital | |(20770) | | | |10480 | |Owner’s Equity | | | |Early Capital | |15000 | |-Drawing | |2000 | | | |13000 | |-Net loss | |(2520) | | | |10480 | How to cite Assignment – Principle to Accounting, Essay examples