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Jpmorgan Chase

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Citibank is a global corporation that assists with a variety of financial services. This company is one of the most successful in keeping up with today's technology from online services to a mobile app.
HISTORY

The City Bank of New York was founded on June 16, 1812. A statesman named Samuel Osgood was the first elected president of the City Bank of New York. The War of 1812 made an impact on the City Bank of New York known now as "Citibank." The bank assisted the federal government with money to help for war pays and financial costs. This act helped them become a New York government depository and increased its popularity. In 1955, the bank changed its name to The First National City Bank of New York. The corporation decided to change its …show more content…

Both companies have proved themselves over the years, through their credit card market and mobile services. The two issuers held $245 billion in credit card debt and decreased it tremendously. Chase has lower saving accounts and fees while Citi is on the higher side. Chase has a larger net income of $21.83 billion compared to Citibank’s $14.04 billion. The percent market for Chase is about 13.34% compared to Citibank’s 8.72% market share. For three consecutive years, Chase has ranked in leading the digital world while Citibank ranked third in mobile services. Citi is still progressing to become efficient in its mobile services for customers around the world. (Citigroup, Chase, Yahoo! Finance, Banks …show more content…

Where do you see yourself in five years? How did you get started with Citibank? Any advice to anyone considering this career path? What is your educational background like? What do you like most about your job? The first interviewee was Louise Powell, a bank teller at Citibank. She explained that she sees herself still working in the bank industry, but not in a branch. When asked about how did she end up at Citibank, previously she worked with Chase and decided to switch over to Citi for a better opportunity. Her advice to anyone considering this career path is to make sure you are eager to work with people everyday which is also the best part of her job. The second interviewee was with Robert Dalton, branch manager at Citibank. He explained that he has a bachelor’s degree in math, minor in economics, and that he started working in the bank after college. His advice to anyone considering his career path is that you have to be balanced, patient, and willing to work longer than expected. Best part of his job is providing good customer service to

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The Second Bank of the United States was chartered in 1816 for a term of 20 years. The Bank Recharter Bill in 1832 was a bill created to renew the charter of the Second Bank because of Jackson’s opposition. Nicolas Biddle was the owner of the Bank of the United States during 1812. He underestimated Jackson’s power and thought that Jackson would not trying to veto the Recharter Bill as Biddle introduced it to the Congress. However, Jackson had been distrusting the bank because before his career, he was damaged by the bank credit.

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When Jackson chose to eliminate the National Bank he had what was best for him on his mind and not what was best for the United States. The second National Bank was established in 1816 and had a charter set to expire in twenty years. The bank became very powerful and was good for the U.S. economy, “...it was the only bank permitted to have offices across the nation... The Bank of the United States also printed the country’s paper money” (Ember). Having these responsibilities, the bank became a very important part of the economy.

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Andrew Jackson “The bank … is trying to kill me. But I will kill it!” (Appleby, 349). Andrew Jackson did not oppose central banking. Even though Jackson did some terrible things like removing the Indians to the west for more land, Jacksons Democracy also helped strengthen the U.S. Jackson should not be in the Presidential Hall of Fame for all he did to help strengthen the country, and fix corrupted banks.

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Hamilton, one of the founding fathers of the United States, was hugely significant in the passing of the Constitution, while also serving as the first treasurer of the United States. He was a publisher of The Federalist Papers, as well as a co-founder of the New York Post. An avid Federalist leader, he pushed for an increase in federal power and the ratification of the Constitution. However, Hamilton made his largest impact in the economic field of American politics. Hamilton was the primary impetus for the creation of the national bank, which was instituted in the late 18th century in order to organize the financial affairs of the nation.

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However, Hamilton, our first secretary of state, Thomas Jefferson usually never agreed with each other, but that didn’t stop Hamilton to create our first National Bank that was submitted on December 14, 1790. Unfortunately, not everybody liked Hamilton’s ideas because in 1804 Hamilton had died. (“Alexander Hamilton”). After Hamilton's death in 1804, Jonathan Dayton who was elected a seat in our first Congress, he still supported “Hamilton’s financial program” and was “pressed for suppression of the Whiskey Rebellion” (“Jonathan Dayton”). In the end, Hamilton showed leadership by creating our first National Bank, fought in our war like Odysseus fought for his men on his journey home from the Trojan, and wrote two-third of our new

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“Tell me the story of my life as you know it,” I asked my dad knowing that I needed as much as I could get from him. Of course, against my dismay, he started with, “Chase Barclay was born in Houston, Texas on a warm humid day in January 2002.” “I need more information, some really deep stuff,” I said in a rather upset tone since I thought he understood what I was doing with what he said. “Chase 's middle name, Woodrow, is from his grandfather, who was named for President Woodrow Wilson. From the start, we knew Chase was very intelligent.

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“The Bank of the United States was established in 1791 to serve as a repository for federal funds and as the government’s fiscal agent. Initially proposed by Alexander Hamilton, the First Bank was granted a twenty-year charter by Congress in spite of the opposition of the Jeffersonians to whom it represented the dominance of mercantile over agrarian interests and an unconstitutional use of federal power.” (Bank of the United States, par. 1) The main supporters of the Bank of United States were the businessmen and those who were involved in industry.

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Alexander Hamilton was one of the major promoters and supporters of this revolution. He wanted a way to repay debts and attract investors and he wanted to do this by establishing a Bank of The United States. It had a limited charter and worked with some state and commercial banks. This new system encouraged manufacturing, allowed the government to restore its credit, and gave it the ability to obtain large loans during war. It is only able to do this by monitoring the amount of money in circulation.

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So within an hour of the stock in the new bank being put up it was sold out on July 4, 1791. The bank caused a lot of good to come to the new young republic. Hamilton nurtured the hustling, bustling, aspiring spirit that he believed made Americans different from the others, he wanted to ensure that everyone had the opportunity to rise from poverty and have the same availability of success and would always have. The thriving new markets and new industries ensured the fate of the republic (Tindall and

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Congress passed a charter for a Second Bank of the United States, which Henry Clay himself took part in introducing it. Jackson personally thought the bank was unconstitutional and failed to establish an effective currency. Since the recharter meant that the bank would continue for seven more years and his political opponent Clay took part in establishing it, the president had to do something about it. The bank’s president, Nicholas Biddle, continued to try to stabilize the currency, helped state banks through hardship and expanded the nation’s credit for the next few years. However, it concentrated wealth and power within the economy and Jackson was against that power affecting the common people.

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This chapter gives an overview of issues that paves the way for a clearer understanding of the research problem and identifies the knowledge gap this study seeks to fill. The literature review first discusses the concept of cultural relativism and then interpretative methodologies in contemporary Islam. This chapter first will specify the relationship between cultural relativism and human rights show the conflict between cultural relativism and universality of human rights, and, finally, argue for helpful approaches that aim at reconciling cultural relativism and universalism. Second, with regard to the second section (Islamic interpretative methodologies), this chapter will explain how traditional interpretations misunderstand and exploit

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