Appraisal Techniques Available to Finance Managers

Appraisal Techniques Available to Finance Managers INTRODUCTION: What are the different appraisal techniques available to finance managers to make decisions relating to investment projects? Discuss each of them and recommend, giving your reasons, which of them you consider as the best technique applicable to your company. INVESTMENT APPRAISAL: Investment appraisal also known as capital budgeting. As finance manager one of the important areas of decision-making for the long-term is must to tackle the investment the need to committed funds by buying buildings, machinery and land. Finance manager have to check of the size of the inflows and outflows of funds, for handling these types of decisions, the degree of risk and the lifespan of the investment cost of obtaining funds are despatched. The capital budgeting cycle can be summarised in some stage which are as follows: Expecting investment needs Identifying project to satisfy needs Examine the alternatives Choose the best alternatives Making the spend Monitor the project Looking at investment appraisal involves us in stage 3 and 4 of this cycle. We can classify capital expenditure projects into four broad categories: Maintenance replacing old or obsolete assets for example. Profitability quality, productivity or location improvement for example. Expansion new products, markets and so on. Indirect social and welfare facilities. Even the projects that are unlikely to generate profits should be subjected to investment appraisal. This should help to identify the best way of achieving the projects aims. So investment appraisal may help to find the cheapest way to provide a new staff restaurant, even though such a project may be unlikely to earn profits for the company. WHAT ARE THE INVESTMENT APPRAISAL TECHNIQUES? Investment Appraisal also known as Capital Budgeting is used to assess whether capital Expenditure on a particular project will be beneficial for the entity or not. These techniques can be used to evaluate projects both in the private and public sector companies. Most commonly used the following techniques. A: Traditional Methods 1: Payback Period 2: Accounting Rate of Return (ARR) B: Discounted Cash Flow Methods 3: Discounted Payback Period 4: Net Present Value (NPV) 5: Internal Rate of Return (IRR) 6: Modified Internal Rate of Return (MIRR) 7: Adjusted Present Value (APV) Traditional Methods Payback and Accounting rate of return (ARR) period are non discounted methods while all other mentioned methods are discounted. By discounted it is meant that the time value of money is considered in these methods. 1: Payback Period Payback period calculates the time taken by a project to recoup the initial investment. For a finance manager, evaluating projects by this technique would prefer projects with short payback period than those with longer payback periods.It is simple to calculate and easy to understand. Payback is literally the amount of time required for the cash inflows from a capital investment project to equal the cash outflows. The usual way that firms deal with deciding between two or more competing projects is to accept the project that has the shortest payback period. Payback is mostly used as a starting screening method. Payback period = Initial payment / Annual cash inflow So, if  £12,000000 is invested with the aim of earning  £12,00000 per year or net cash earnings, the payback period is calculated thus: P =  £12,000000 /  £12,00000 = 10 years This all looks fairly easy! But what if the project has more uneven cash inflows? Then we need to work out the payback period on the cumulative cash flow over the duration of the project as a whole. Payback with uneven cash flows: Of course, in the real world, investment projects by business organisations dont yield even cash flows. Have a look at the following projects cash flows with an initial investment in year 0 of  £120,000 The payback period is precisely 6 years. The shorter the payback period, the better the investment, under the payback method. We can appreciate the problems of this method when we consider appraising several projects alongside each other. We can see that the payback period for two of the projects (3, 5) is six years. In this case, then, the two projects are of equal merit. But, here we must face the real problem posed by payback: the time value of income flows. Put simply, this issue relates to the sacrifice made as a result of having to wait to receive the funds. In economic terms, this is known as the opportunity cost. More on this point follows later. So, because there is a time value constraint here, the two projects cannot be viewed as equivalent. Project 3 is better than 5 because the revenues flow quicker in years five and six. Project 4 is better than Projects 1 and 2, because of the earlier flows and because the post-payback revenues are concentrated in the earlier part of that period. So its clear that the payback method is a bit of a blunt instrument. So why use it? Advantages of payback: 1st, it is popular because of its simplicity. Research over the years has shown that UK firms favour it and perhaps this is understandable given how easy it is to calculate. 2nd, in a business environment of rapid technological change, new plant and machinery may need to be replaced sooner than in the past, so a quick payback on investment is essential. 3rd, the investment climate in UK in particular demands that the investors got fast returns. Mostly long-term profitable possibilities investments are viewed due to longer wait for revenues flow. Disadvantages of payback: It has not enough real facts, which choose the length of best payback time? No one from other does it is planned by pitting one investment opportunity against another. Cash flows are regarded as either pre-payback or post-payback, but the latter tend to be ignored. Payback takes no account of the effect on business profitability. Its sole concern is cash flow. Payback summary. It is probably best to regard payback as one of the first methods you use to assess competing projects. It could be used as an initial screening tool, but it is inappropriate as a basis for sophisticated investment decisions. 2: Accounting Rate of Return (ARR): This technique compares the profit earned by the project to the initial investment required for the project. Thus a project with higher rate of return is preferred. The Accounting rate of return expresses the profits arising from a project as a percentage of the initial capital cost. However the definition of profits and capital cost are different depending on which textbook you use. For instance, the profits may be taken to include depreciation, or they may not. One of the most common approaches is as follows: ARR = (Average annual revenue / Initial capital costs) x 100 Lets use this simple example to illustrate the ARR: A project to replace an item of machinery is being appraised. The machine will cost  £550,000 and is expected to generate total revenues of  £80,000 over the projects seven year life. What is the ARR for this project? ARR = [( £ 90,000 / 7) / 550,000] x 100 ARR = 2.37% Advantages of ARR As with the Payback method, the chief advantage with ARR is its simplicity. This makes it relatively easy to understand. There is also a link with some accounting measures that are commonly used. The Accounting rate of return is similar to the Return on Capital Employed in its construction; this may make the ARR easier for business planners to understand. The ARR is expressed in percentage terms and this, again, may make it easier to use.There are several criticisms of ARR which raise questions about its practical application: Disadvantages of ARR: 1st, the ARR doesnt take account of the project duration or the timing of cash flows over the course of the project. 2nd, the concept of profit can be very subjective, varying with specific accounting practice and the capitalisation of project costs. As a result, the ARR calculation for identical projects would be likely to result in different outcomes from business to business. 3rd, there is no definitive signal given by the ARR to help manager to decide whether or not to invest. This lack of a guide for decision making means that investment decisions remain subjective. Discounted Cash Flow Methods 3: Discounted Payback Period This technique works similar to payback period, the difference here is that discounted values of cash flows are used for calculation of the payback period. 4: Net Present Value (NPV) The NPV method calculates the present values for all future cash flows. The discount rate may be the Weighted Average Cost of Capital (WACC) or it may be any cost of capital depending on the risk of the project in consideration. This type of appraisal is regarded superior to the ARR and the payback period, however there are certain assumptions, on which this technique is based, making its evaluation less reliable. The Net Present Value (NPV) is the first Discounted Cash Flow (DCF) technique covered here. It successes on the idea of situation cost to put a value on cash inflows increasing from capital investment. Keep in mind that opportunity cost is the calculation of what has been given or forward as a result of a special decision. It is also referred to as the real cost of taking some action. We can look at the concept of present value as being the cash equivalent now of a sum receivable at a later date. So how does the opportunity cost affect revenues that we can expect to receive later? Well, imagine what a business could do now with the cash sums it must wait some time to receive. Looked at another way, it is simply that the business have to receive the capital to invest in the project. So, it has to wait for the revenues arising from the investment, the interest is paid on received capital. NPV is a technique where cash inflows expected in future years are discounted back to their present value. This is calculated by using a discount rate equivalent to the interest that would have been received on the sums, had the inflows been saved, or the interest that has to be paid by the firm on funds borrowed. Present Value Table Net Present Value tables provide a value for a range of years and discount rates. Notice the time scale used in the table: The present value for 0 years is always 1, and this is not included in the present value table. If we are looking to find the present value of  £ 10, 0000 which you expect to receive in 5 years time, at a rate of interest of 7 %, we should use the following table: Step 1 Look down the top column of the table (After n years) and find 5 years. Step 2 Look across the row titled At rate r for the rate of interest of 7 %. Step 3 Where the row for 5 years intersects with the column for 7 % in the table, there is the relevant present value factor. In this case this is 0.713. Step 4 Multiply  £ 10, 0000 by 0.713 =  £ 71300 NPV Illustration Calculate the present value of the following projects cash flows, using a 10 % discount rate. Assessing the value of NPV calculations is simple. A positive NPV means that the project is worthwhile because the cost of tying up the firms capital is compensated for by the cash inflows that result. When more than one project is being appraised, the firm should choose the one that produces the highest NPV. 5:Internal Rate of Return (IRR): IRR calculates the rate at which the NPV of a project equals zero. According to this method if the cost of capital of a company is more than the IRR, the project will be rejected and if it is lower than the cost of capital it is likely to be accepted. IRR and NPV concepts are correlated. We know that when a positive NPV is produced by our DCF calculations, a project is worthwhile. We have also seen that when there are competing projects, we should select the one that produces the highest NPV. But sometimes a finance manager will wants to know how well a project will perform under a range of interest rate scenarios. The aim with IRR is to answer the question: What level of interest will this project be able to withstand? Once we know this, the risk of changing interest rate conditions can effectively be minimised. The IRR is the annual percentage return achieved by a project, at which the sum of the discounted cash inflows over the life of the project is same to the sum of the capital invested. Another way of looking at this is that the IRR is the rate of interest that reduces the NPV to zero. Making the investment decision Lets set out the criteria for accepting or rejecting investment opportunities, using the NPV and IRR. As a Finance manager, considering whether to accept or reject an investment project, on the basis of their acquiring the funds necessary at a known rate of interest. 1: The NPV approach asks if the present value of cash inflows less the initial investment is positive, at the current borrowing rate. 2: The IRR approach asks if the IRR on the project is greater than the borrowing rate. Illustration of NPV IRR An initial investment of  £ 2500 in a project produces cash inflows of  £ 750,  £ 750,  £ 900,  £ 900 and  £ 595 at 12 month intervals. The cost of capital to finance the project is 12 %.We are required to decide whether the project is worthwhile using: 1. The Net Present Value 2. The Internal Rate of Return A positive NPV makes the project worthwhile because the cost of tying up the firms capital is compensated for by the cash inflows that result. 2. IRR The above calculation for NPV used a 12 % discount rate and produced a positive value of  £ 318.07. We need to find a discount rate that produces a negative NPV. Lets try 20 %. The IRR lies between 12 % and 20 %. But we can get much closer to the precise answer by using arithmetic. IRR = 12% + Difference between the two discount x Positive NPV Range of +ve to â‚ ¬Ã¢â‚¬Å"ve NPVs IRR = 12 % + (8 % x 318.07) IRR = 478.73 IRR = 12 % + 5.32 IRR = 17.32 % IRR Problems While there are some different difficulties with the IRR, MIRR solves two of them. First problem is the IRR accepts that interim complete money movements are invested again at the rate of return which was same as the project which creates them. This is most often happening a plan which is not real and a very simple situation, that the funds will be invested again at a rate where the firms cost of capital is closure. Therefore, the IRR often provides a reasonable, hopeful image of the projects which is under study. Normally for checking the projects in the fair way, the weighted average cost of capital can be used for investing again the interim money movements. 2nd, you can find more than one IRRs for projects with different negative and positive flows of cash, which control to confusion. IRR Summary: The value to a business of calculating the IRR is that its decision-makers are able to see the level of interest that a project can withstand. In the case where a number of projects are competing for selection, the one that is most resilient can be chosen. 6: Modified Internal Rate of Return (MIRR) (MIRR) is a managing the methods of an investments attractiveness. It is used in capital budgeting to give the rank to different investments. Modified Internal Rate of Return is a change of the (IRR) internal rate of return and intent to solve some problems with the internal rate of return (IRR). Using (IRR) we assumes that reinvestment rate of the company is the (IRR). (MIRR) overcomes this assumption and evaluate projects on the assumption that the reinvestment rate is the same as the companys cost of capital. This assumption for the cost of capital makes it a more effective technique as compared to the IRR. MIRR is calculated as follows: mbox{MIRR}=sqrt[n]{frac{-FV(text{positive cash flows, reinvestment rate})}{PV(text{negative cash flows, finance rate})}}-1 Where n is used for the number of same periods which is at the finish stage, where the cash flows occur, PV is used for present value, FV is used for future value. 7:Adjusted Present Value (APV) APV method is used for evaluating investment in projects where risks for a project are different from the company considering such undertakings. This type of evaluation overcomes weaknesses present in the NPV technique. Adjusted present value (APV) is similar to NPV. Use the cost of equity as the discount rate is different. For the financing effects different adjustments are made. Normally with DCF models, adjusted present value calculation is simple but boring. Calculating the first step of an APV is to calculating the basic NPV by using the cost of equity like discount rate. The companys cost of equity and this may be the same. To recalculate using CAPM and by estimating a beta, in some cases may be it is necessary. First calculated the base of NPV, after that calculate the NPV of every set of cash flows which results from financing. The tax results of using debt rather than equity are most obvious. The cost of debt can be discounted or that shows unknown activities about the tax effects at a higher rate. NPV of the tax effects is added then to the basic NPV. If there are some other activities of financing, also added or subtracted, then APV is the final result. Given capital organization unrelated, savings from the financing should be levelled by changes in the necessary return on equity and changes in capital structure as well. Normally this makes a simple NPV with the WACC like the discount rate suitable. Normal NPV calculation: Where, in a simple situation: These more complicated situations are more easily handled BY using Adjusted Present Value (APV), more difficult conditions are very easy to handle. APV based on the below: APV = NPV of project pretended, itâ‚ ¬Ã¢â€ž ¢s all equity financed + NPV of financing results. APV divide the total value of the project into different parts: any debt is no used for value assuming in one part, and then using the debt in capital structure we add the extra value Best Technique: After discussing all the financial appraisal techniques, it seems that the choice of best financial appraisal techniques depends upon the nature of Project. References Internal Rate of Return: A Cautionary Tale Find MIRR with FinEasy MIRR v1.0 3. http://en.wikipedia.org/wiki/Modified_internal_rate_of_return http://www.bized.co.uk/timeweb/reference/using_experiments2.htm http://en.wikipedia.org/wiki/Finance http://moneyterms.co.uk/dcf/ http://moneyterms.co.uk/capital-structure/

Qualites on a Good Teacher Essay

With my high school years behind me, I would like to reverse roles a bit and offer some advice to teachers. My senior year, I had one of my best teachers ever. Her name was Mrs. Jacob. The area where she excelled the most was in making math interesting and making her students motivated and interested in learning more about math. Some nights, I would look forward to doing my math homework as I first, struggled through ridiculous grammar exercises. I always looked forward to my math class. Mrs.  Jacob used a creative approach to math, she kept a well disciplined class, and she connected with each and every student in her class. Unfortunately, the truth is that our public schools are doing a worse job that most parents would dare to imagine. Not only are most of our high school students completely unprepared for college, the reality is that most of them have not even been equipped with the necessary skills they need to function at a very basic level in the real world. In the Steve Perry book, Push Has Come To Shove , Perry covers the full range of issue holding back today’s students. He states â€Å"some teachers are lazy, that they go through the same sorry ass lessons for twenty years† and â€Å" teachers who think that Monday is the worst day of the week and Friday the best†. A lot of these teachers are not taking the responsibility that is expected of them. They need to understand that many students do not have the guidance they should have. The teachers and the parents need to step up their game and not give up on students that are having trouble with their education. However, we cannot just blame the schools. Many students are lazy, over-extended and discouraged about school. Many students have very few skills to contribute to society, especially after they graduate from high school. It is a national disgrace. The Mike Rose essay, I Just Wanna be Average tells the story about some of the author’s throughout high school. When he was a freshmen, he accidentally got placed into a vocational program. Instead pf putting up a fight to try to get out of it, he made the best of his situation. Rose states â€Å"students will float to the mark you set† It is clear in Rose’s essay that the Vocational Track housed the more unruly and unmotivated students. The question is: why did these students decide not to put effort into their school work? The answer? Look to their teachers. In Rose’s essay, Ken Harvey says he just wants to be average. He believes himself to be below average, and once someone is told, enough times, that he or she is not capable or knows that a teacher expects little from that student, the student begins to believe it. He performs at the lower level expected of him. To successfully engage students in a subject, creativity is paramount. Sure, a teacher can take repacked material and efficiently transmit it. But, to be a great teacher, he or she needs to know how to develop creative lesson plans and projects. He or she needs to have an arsenal of techniques and also to be a problem-solver. Perry states that students want to be â€Å"entertained. † If the teacher bores them in a conversation they would decide not to pay attention. That is why teachers need to be creative with their lesson plans. For example, Mrs. Jacob, my senior math teacher , always showed us creative ways to solve a math problem. She showed us different techniques so the students could choose which technique they liked better. She always found creative ways to engage us. Limitations can be a good thing to motivate creativity. In creative teaching, assignment limitations provide a way to change the student’s work habits. When a student isn’t allowed to repeat a familiar pathway into the work, additional creative effort is expended to succeed. As long as the difficulty level is reasonable, new learning happens. Creative teachers make mistakes, but they also search for ways to overcome mistakes. Each time they try something, they review the outcomes and try to imagine ways to make improvements. An effective teacher will teach students to be responsible and respectful to both their peers and to their teachers. If there were no discipline, people would do what they wanted and make mistakes without putting the consideration of others first. A teacher will demand that his rules are clear and that, if they do not follow the rules, clear consequences go into motion. For example , when I was at my Catholic high school, teachers made their expectations for behavior crystal clear, which led to organized and well behaved students. When I was late to class, my teachers would make sure I will stay after school and clean up the rooms or they would send me to room 114 to have a long talk with the vice principal to get additional consequence from him. They also did not allow students that were graduating to just have average grades. The students needed to prove to them that they want their diploma. I feel that every high school should be that way. The truth is that there are some teachers who abuse the discipline process sending every student who is even slightly out of line to the office. In I just Wonna be Average, Rose states â€Å" his teachers act like they could care less about teaching their students and, instead use physical violence or lack of lessons plans to control them. † Teachers should find different ways to control their student and not just by giving them lesson plans to control them. That will not work. In the Vocational track, especially, they should know how to handle these students. The key is earning respect. Respect will go a long way in being a strong disciplinarian. No teacher will have success in classroom unless he or she connects with students. Teachers who have a caring relationship with students are academically more successful . A caring teacher can transform the school experience, especially for students who face enormous difficulties, such as dropping out or dysfunctional home lives. Carl T Rowan’s essay Unforgettable Miss Bessie tells the story about his former high school teacher , Miss Bessie, and how her teachings had deeper meaning than just the subjects she taught in class. Mrs. Bessie states â€Å"Carl, never frets about what you don’t have. Just make the most of what you do have. -a brain† Since she knew Carl was not wealthy ,she had that connection with him. She taught Carl never to be bothered by what he did not have. Miss Bessie made a big impact on Carl’s life. Miss Bessie was an important factor in his life because she gave him the push and motivation he needed to succeed the way he did. She was influential to many students and to Carl in particular. Teachers should be mentors that shape the characters of their students to prepare for the society. These teachers would want their student to achieve in life no matter what situation they are in. I had a great connection with my math teacher; I was able to talk to her about things especially when my grandmother died. I was so depressed, that I did not want to do a thing. She was the type of teacher who would not cut down homework because you had problems, but she gave me extra time to do it. She would always be there to help you after school or even before school. That’s why having a connection with the teacher is always best because if the teacher really does care, just like Miss Bessie. Such a teacher would do anything to help you as long as you care and are willing to pass the course. In the modern approach to education , good teaching is becoming increasingly important and a teacher can make a tremendous impact on a students education. While students’ test scores have become an indicator of practices and it is possible to identify who the very good teachers are and who the poor teachers are the caring attitude of some teachers makes them rise above the others. Mrs. Jacob fell into that category, she would continue to inspire students the way they should be and always be right their when students need her for any sort of way not just the subjects she teaches. Now an days we need teachers like Mrs. Jacob so students could achieve more in their academics and in life itself.

Barn Burning Essay Topics: No Longer a Mystery

Barn Burning Essay Topics: No Longer a Mystery Training to compose essays on various topics is going to be the ideal preparation to the exam. Inspiration to make your own advertising or media argumentative essay topics isn't really hard to discover. Reading example essays works precisely the same way! MP3 music needs to be free. There are just a few things that define whether an essay you're working on is going to be a good one. So without further ado, below are some effective writing tips to create your common app essay stick out! Since you can see, lots of the topics listed are new and tackle the recent issues happening in the World today. It is extremely important that you choose an intriguing topic because it is going to make it straightforward for you to compose your paper. Every one of the ideas above will provide you with an opportunity to reveal your creative side and capacity to talk about your opinion. There's something for everybody in here. You will probably locate a different and amazing topic you will love to write about. The Good, the Bad and Barn Burning Essay Topics School should happen in the evenings. Students ought to be permitted to pray in school. School tests aren't effective. Yearly driving tests ought to be mandatory over a particular age. Choosing Barn Burning Essay Topic s Sure, with this kind of an enormous number of topics to pick from, picking just one may be challenging. To choose which subject you're likely to discuss, it's essential to see the complete collection of good persuasive speech topics from the special area of study. The financial class is a significant portion of the story, given it causes vital decisions. For instance, students might write about the advantages of a vegan diet. Every family needs to have a all-natural disaster survival program. For example, let's say you decide on the very first topic from our list. Abner's character is completely examined by the reader, due to the excessive number of details regarding his physical appearance, attitude, and actions. Barn Burning Essay Topics: No Longer a Mystery Argumentative essay topics are so important since they are debatableand it's essential to at all times be critically contemplating the world around us. Test essay questions will be contingent on the topic, needless to say. The thesis provides you with a guideline on how best to go about with writing the essay. You have to have skills to compose a great essay. Remember your essay is about solving problems, therefore a solution ought to be a highlight of the essay. Don't neglect to bring a strong hook at the beginning (introduction paragraph) and wind up with an impressive conclusion to earn the reader want to talk about the interesting persuasive essay topics of your selection. In the event you were given a task to compose an essay, you should first understand what sort of essay you're expected to write. On the opposite side, obtaining a list of good persuasive essay topics is insufficient. You must pick an overall topic and as soon as you have you can begin by doing some research on it. Type and purpose are the 2 standards that impact the collection of essay topic ideas. There are invariably a wide selection of opinions on the field of technology, and here are our favourite things to consider on the subject. Identifying an issue and proposing one or more solutions ought to be a vital component in your essay. When you choose a topic, you have to reply to the query and substantiate your response with three or more motivations as to why you think like that. From among the persuasive speech topics listed here, pick the one which you are most well-informed about or make sure you've got the time necessary to research and prepare a thorough speech that covers every facet of the topic.

Adolf Hitler And Joseph Stalin - 1872 Words

The world is divided into two, the light and the dark. The exact definition of good and evil is up for debate, but there are situations that are well known for being personifications of good and evil. For example, George Washington, Martin Luther King, and Abraham Lincoln are prime examples of the goodness in society. There are, however, prime examples of the evil in the world personified a few men. Examples of these men are Adolf Hitler and Joseph Stalin. Both of these guys are known as evil men who rose from humble beginnings to forever infamy for their misuse and practical terror in power usage. Adolf Hitler is a well known name. Often used to represent the personification of evil, this man with the swastika has more to him than meets†¦show more content†¦This led to even more psychological damage to ensue. Hitler by this point had lived life to see only misery, loss of family, and failure at almost every turn. Things, however, were about to become interesting for the soon to be leader of the Nazis. After World War One, otherwise known as the â€Å"Great War,† Germany was in a time of crisis and political instability. Because Germany lost the war, the treaty of Versailles forced Germany to not only be responsible for their own reprimands, but everyone who participated in the war (mainly repay France.) Germany was also humiliated by losing most of their army and territories due to this treaty. In addition, to add to the economic crisis of Germany, according to http://www.bbc.co.uk/schools/gcsebitesize/history/mwh/germany/hitlerpowerrev1.shtml â€Å"In 1929, the American Stock Exchange collapsed, and caused an economic depression. America called in all its foreign loans, which destroyed Weimar Germany. Unemployment in Germany rose to 6 million.† Hitler had become very interested in politics. He joined the â€Å"a member of the National Socialist German Workers Party,† otherwise known as the Nazi party. At first, Hitler had little more than an anti-semitic attitude and a great speaking capability. Hitler tried to just start a revolution in the streets at first. This attempt was halted by the remainingShow MoreRelatedAdolf Hitler and Joseph Stalin1033 Words   |  5 PagesAdolf Hitler and Joseph Stalin are two of the most sadistic dictators of the past century. They both reigned terror in Europe during World War II. Fueled by rage and anger, Hitler and Stalin rose to power and exploited their beliefs throughout Germany and Russia. Stalin turned Russia into a Communist country while Hitler was turning Germany against Jews. The leadership of these dictators brought death and fear to many who opposed them. Hitler and Stalin both shared deprived childhoods, vicious fathersRead MoreAdolf Hitler And Joseph Stalin1314 Words   |  6 Pagesdictators who stand out, Hitler and Stalin. 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We must also look at how Hitler and Stalin came to power, as well as how they controlled their government. Starting with Fascism, it is basically when the state is the supreme power. Nothing gives orders above the state, and the state gives all orders. It is a strongRead More Comparing Dictators Adolf Hitler versus Benito Mussolini versus Joseph Stalin1660 Words   |  7 PagesThis es say will compare the three leaders who are famous for their dictatorship and totalitarianism during the 30s decade-Adolf Hitler, Benito Mussolini and Joseph Stalin. Totalitarianism is when a government gains absolute and total control over the country, including the freedom of thought and will as well as the citizen?s lifestyle, no other political parties are allowed and has the concept where the country is most important. The difference and similarity between their ideology, usage of propagandaRead MoreComparing Adolf Stalin And Adolf Hitler And Hitler843 Words   |  4 PagesAdolf Hitler and Joseph Stalin are 2 notoriously known people in world history. Both Stalin and Hitler are known for the great number of deaths they have caused. Although both men have totally different reasons on why they killed so many people their ways of leadership are somewhat alike. Adolf Hitler and Joseph Stalin both use propaganda as a technique to get people to support them. Using propaganda shows the public what they want to hear and see, even if it’s not true they use this method to trickRead MoreEssay on A Comparison of Hitler and Stalin1126 Words   |  5 PagesA Comparison of Hitler and Stalin Angelica Calvillo HIS 306: Twentieth-Century Europe April 26, 2010 Adolf Hitler’s Nazi Germany and Joseph Stalin’s Soviet Union are two controversial regimes. Hitler and Stalin were both Dictators of the countries they ruled. When Hitler and Stalin are compared, we can clearly see that each one of them were cold blooded killers. They are both responsible for an absurd amount of innocent deaths. Hitler is believed to be responsible for killing at leastRead MorePolitical Ideologies During The Twentieth Century1310 Words   |  6 PagesDuring the period leading up to World War II, there were two men who were on opposing sides; the men were Adolph Hitler and Joseph Stalin. These men were each triumphant in their rise to power in their countries and they were very comparable in the ways that they succeeded. Their success was mostly attributed to their new ideas and their politics. As well, Adolf Hitler and Joseph Stalin, two of the greatest dictators in world history demonstrated differences in ideology and the way they rise to powerRead More Postion Paper: Who Was More Carzed Stalin Or Hitler1586 Words   |  7 PagesCrazed: Stalin or Hitler? nbsp;nbsp;nbsp;nbsp;nbsp;The obviously more crazed man was Joseph Stalin. Stalin was more crazed because over his time and rule, he killed millions upon millions more people that Hitler. Joseph Stalin is also more crazed because he did not kill other people he was racist against, but simply because he wanted to kill. The book Hitler and Stalin: Parallel Lives, states quot; Adolf Hitlers actions can not even be compared to the monstrous actions of Joseph Stalinquot;