The frontier occupies a unique place in the collective imagination of many Texans. In his landmark work, The Great Plains, Walter Prescott Webb wrote: “New inventions and discoveries had to be made before the pioneer farmer could go into the Great Plains and establish himself. To the farmer, then, the Great Plains presented an obstacle which he could not, at the time he first confronted it, overcome. In time the Industrial Revolution was to develop agencies that enabled him to go forward and solve the problems of water and fence and extensive agriculture which hitherto had been insoluble. While these inventions and adaptations were being worked out, improved, and perfected, the agricultural frontier stood at ease, or more aptly, stamped about in uneasiness along the borders of the Plains country. In the interval of awaiting the Industrial Revolution there arose in the Plains country the cattle kingdom.” In this essay, your task is to analyze the significance of the Texas frontier. Discuss, the expanding line of Texas settlement and resulting conflict with Native Americans. Describe the different methods and organizations that conquered and moved Native Americans to reservations in a relatively short period of time. Explain the origins of the cattle trailing industry, its’ expansion after the Civil War, and what it accomplished. Finally, three inventions-railroads, barbed wire, and windmills-were especially important to the settlement of West Texas. Give details regarding the contributions and role of each.
Sample Solution
Crowdfunding is now a global phenomenon and has proven to be effective in different sectors of the market. It has become inter alia a mechanism to garner funds or a financing mechanism for start-ups and small and medium sized enterprises (SMEs). In India, however, crowdfunding is still at a nascent stage. There exists no legal framework to address the problems that are presented as a result of this new funding mechanism. In light of the current government’s policies to encourage the development of start-ups and the proactive role being taken by the Securities and Exchange Board of India (SEBI) to help start-ups and SMEs to acquire funds from capital markets, it is imperative to understand thoroughly this new financing mechanism, by contrasting it with the existing capital funding routes. SMEs historically rely on traditional financing, particularly bank lending, and bank loans are more likely to be given in full to the largest companies. Despite trends predicted by analysts, the crowdfunding industry has been sustaining exponential growth: equity crowdfunding in Europe grew by 116% between 2012 and 2014 and the reward-based version grew by 127%. Thus, the business model demands attention and introspection. It becomes imperative to determine whether crowdfunding is feasible to the Indian economic market, it is essential to understand and analyse the pros and cons of this mechanism and assess its viability. 3.1 Capital Financing Capital financing is a broad term which refers to methods of infusing capital into the business for funding various activities or expenses of the business. For a new business, the importance of raising capital is crucial, since it may need working capital, inventory, a plant, equipment, or various other machinery essential for the running of the business. Similarly, existing businesses also may need capital for expansion or modernization. Thus, it becomes imperative to understand the various routes through which capital is raised by businesses. Some of the traditional routes adopted by companies to garner capital are as such: • Debt Financing>
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