Were did I find these pieces in the text?
1. On a bank lounged the trapper, he was drest mostly in skins, his luxuriant beard and curls protected his neck, he held his bride by the hand,
2. For every atom belonging to me as good belongs to you.
3. I harbor for good or bad, I permit to speak at every hazard,
Comparing banking and technology from the past to the present.
Intro
Banking has changed dramatically over the past decades, (if not the past century!) mainly due to technological advancements. These changes made banking easier for both the business and the end user/ consumer. By comparing and contrasting the banking technology, we can see significant changes and progress, and possible iterations for the future.
History
In the past, banking was mostly a manual process due to the lack of technology. Customers would visit physical banks to deposit or withdraw money, deposit checks, or talk to a financial advisor. Transactions were recorded on paper with the aid of band tellers. The use of manual labor not only decreased efficiency due to the time needed but also increased the amount of simple mistakes. Communication was limited and slow with in-person meetings being necessary; this meant that physical locations were required.
ATMs (automated teller machines) were introduced in the 1960s which help to conduct simple transactions without the use of excessive manual labor. However, many banking services still required physical locations and some slight manual labor for example collecting money or fixing errors.
Current Technological Advancements
Currently, technology has transformed banking into something almost completely different and unique. Online banking started in the late 1990s, which allowed customers to take care of their accounts and financial transactions (certain financial transactions) from home. This was if the customer had the proper device to do so. This is were convenience first started improving.
Future
There are many new features that banks want to add to improve customer satisfaction and experience. One features is using AI (Artificial Intelligence) to personalize customer experiences. It is likely that in the the next couple of decades digital banking will become more common around the world; even in less developed countries.
Comparing
There are many obvious differences between the past and present when talking about banking. In the past, banking was often inconvenient due to the amount of long waiting times and limited service hours (oftentimes being business hours.) Today, technology has made banking services more accessible, allowing customers to conduct transactions whenever they want without having to wait for someone to be available and wherever they are since they are able to perform transactions digitally. This also allowed banking to be more inclusive so people in rural areas could also take advantage of online banking.
While there are advantages of digital banking there are also disadvantages with security being one of the main concerns. As technology for good actions gets better so does technology for bad actions, this means that criminals can steal your information, identity, and money. This makes people question whether or not the effectiveness of digital banking is worth the risk.
Conclusion
In conclusion, the evolution of technology in banking has shifted the industry from being manual which was more traditional to a whole new unknown world of technology which comes with its advantages and disadvantages. As banks keep trying to better efficiency of their software, it’s important for them to remember the security of their customers.
HISTORY OF ATOMS
400 B.C. - Democritus
Democritus was a Greek philosopher. He was nicknamed "The Laughing Philosopher" because he found joy from understanding how the universe works and found human ignorance rather amusing. Democritus lived from approximately 460 BC to 370 BC. He introduced the idea of the atom as the basic building block matter. Democritus thought that atoms are tiny, uncuttable, solid particles that are surrounded by empty space and constantly moving at random. This idea was not widely accepted at the time.
Antonine Lavoisier
He recognized that matter is conserved during chemical reactions which means that the total mass of the reactants is the same as the total mass of the products. In short, this means that matter can't be created nor destroyed which is a very important theory in science and physics.
J.J. Thomson - 1897
J.J Thomson was a British physicist. He figured out that all atoms contain tiny negatively charged subatomic particles or electrons. In short, he discovered electrons. His work also led to the invention of the mass spectrograph. He went on to receive a Nobel Prize in Physics in 1906.
1911 - Ernest Rutherford
Ernest Rutherford was a New Zealand Physicist. In 1911, Rutherford discovered the atomic nucleus, using a "scattering" experiment, that would become a classic technique of particle physics. The gold-foil experiment demonstrated that atoms have a tiny, heavy center called the nucleus, which is positively charged. Around this nucleus are negatively charged electrons that are far away from the center. This showed that most of the atom is empty space instead of actual particles.
Lise Meitner, Hahn, Strassman - 1938
In 1938, Lise Meitner, Otto Hahn, and Fritz Strassmann discovered that when uranium atoms are hit by neutrons, they can split into smaller atoms, like barium. This process, called nuclear fission, releases a large amount of energy. Their work laid the groundwork for nuclear power and atomic bombs. Atomic bombs were then used in World War 2 which eventually led to the surrender of Japan.
Overview of atom; a remarkable discovery
If you look around at your desk, your phone, yourself and zoom in to the smallest unit, you will find atoms. This is a well known fact; that all matter on Earth is made of atoms, but it wasn't always like this. It started with philosophical ideas but expanded to so much more and yet we still don't know everything, there is an abundant amount of research that is still being done over atoms that help deepen our understanding of physics and ourselves.
Harbors; an engineering feat
The textbook definition according to Cambridge University of a harbor is "an area of water near land where ships can stay safely and which may have equipment and services for shipping." I hope you caught the part where it mentioned safety. There are many different types of engineers that collaborate in order to make a harbor; these engineers include civil engineers, harbor engineers, port engineers, and more. Using their own skills and knowledge, they come together to form a necessary component to commercial and non-commercial shipping. Harbors have played a essential role in economic growth for U.S. cities such as New York City, New Orleans, and more. I will be going through the basic engineering of harbors and much more.
Permits
Something as large as a harbor needs good planning in order to be well built.
Permits - In order for the harbors to be legal the company that is building it has to get a permit from the government. Most of the time this isn't something to have to stress over since many of the times it's the government that asks for the harbor to be made.
Factors to consider before designing
- Access - In order for the ship to efficiently and effectively enter the harbor, there has to be an adequate space for the boat to enter.
- Size and depth - There has to be enough depth for ships to enter through; this is accustomed to whether you want deep or small boats to specifically enter through.
- Currents - There are many reasons you want to keep currents in mind when designing harbors. For starters, choosing the proper materials in which constructing these harbors are crucial in order to protect against the harbors wearing down or worse; breaking apart. Currents can also carry sediments that also damage the harbor. The most important reason of all is navigation issues. Currents can oftentimes move ships to a direction and make the ship less controllable. This means that engineers have to account for extra space in order to keep everyone safe.
- Water circulation - Since the main use of harbors is to keep the boats safe, the harbor is enclosed which slows down water circulation, but it is still very important to have water circulation to have good water quality.
Building
From start to finish, over 100 people can work on one harbor! If we begin at designing and count the time it takes for the first ship to dock in, it would take on average 7 years. Most of it would be spent designing and approving the designs. Different harbors in different places may have divergent price tags. A harbor in Miami may cost 8 million dollars to make but a similar one can be built for 700,000 in New York. On average, they can cost from 500,000 to 1,000,000 (excluding exceptions).
Diagram
On the right, you can see what an actual harbor can look like, including some very important vocabulary words.
Harbors
Harbors are essential and effect even average citizens everyday life. Harbors help with economic growth and safety and storing of boats. With engineering, we were and still are able to make shipping and boating safer for everyone