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Elizabeth Cabot AgassizDied 27 Jun 1907 at age 84 (born 5 Dec 1822).American naturalist and educator (née Cary) who was the first president of Radcliffe College, Cambridge, Mass. She married the Swiss naturalist, Louis Agassiz, in 1850. They traveled together on scientific expeditions, and founded the Anderson school of Natural History, a Marine laboratory, located on Penikese Island in Buzzard's Bay, Mass. When her husband died in1873, Elizabeth became interested in the idea of college for women to be taught by the “Harvard Annex”in Cambridge. In 1894 the Annex became Radcliffe College. She served as president until 1899, then honorary president until 1903. Her books include A First Lesson in Natural History (1859), A Journey in Brazil (1867) |
Once upon a time, a man appear...
Once upon a time, a man appeared in a village and announced to the villagers that he would buy monkeys for $10 each.
The villagers, knowing there were many monkeys, went to the forest and started catching them. The man bought thousands at $10 each and, as supply started to diminish, the villagers stopped their effort.
He then announced that he would buy monkeys at $20 each. This renewed the villagers efforts and they started catching monkeys again.
Soon, the supply diminished and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so scarce it was an effort to even find a monkey, let alone catch it!
The man now announced that he would buy monkeys at $50 each! However, since he had to go to the big city on some business, his assistant would buy on his behalf.
The assistant told the villagers, "Look at all these monkeys in the big cage that my boss has already collected. I will sell them to you at $35 and when my boss returns, you can sell them to him for $50."
The villagers rounded up all their savings and bought all the monkeys for 700 billion dollars.
They never saw the man or his assistant again, only lots and lots of monkeys!
Now you have a better understanding of how the
WALL STREET BAILOUT PLAN WORKS!!!
It doesn't get much clearer than this........
The villagers, knowing there were many monkeys, went to the forest and started catching them. The man bought thousands at $10 each and, as supply started to diminish, the villagers stopped their effort.
He then announced that he would buy monkeys at $20 each. This renewed the villagers efforts and they started catching monkeys again.
Soon, the supply diminished and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so scarce it was an effort to even find a monkey, let alone catch it!
The man now announced that he would buy monkeys at $50 each! However, since he had to go to the big city on some business, his assistant would buy on his behalf.
The assistant told the villagers, "Look at all these monkeys in the big cage that my boss has already collected. I will sell them to you at $35 and when my boss returns, you can sell them to him for $50."
The villagers rounded up all their savings and bought all the monkeys for 700 billion dollars.
They never saw the man or his assistant again, only lots and lots of monkeys!
Now you have a better understanding of how the
WALL STREET BAILOUT PLAN WORKS!!!
It doesn't get much clearer than this........