Financial Valuation Techniques Research Proposal

Financial Valuation Techniques - Research Proposal Example The research will be conducted from the perspective of strategic valuation and financial valuation. Strategic valuation will relate to historical analysis of the companies and application of models like SWOT, Porter's Diamond, Porter's Five Forces Model, Ansoff Analysis and Balanced Scorecard Analysis. Financial valuation shall be related to DuPont Analysis, Key Ratios, Capital Budgeting, and Cash Flow analysis, Income Analysis, Asset Analysis and Market Analysis. The final outcome shall be a critical comparison of future forecasts of the selected companies applying all the theories. The Royal Bank of Scotland (RBS) has global assets which are worth more than $1120 billion. The RBS is the 2nd biggest private bank in Europe, and the 6th biggest in the world. RBS is the 14th biggest company in the world (Forbes Global 2000). Apart from this RBS are an enormously important private investor of oil and gas extraction. This is not only high levels of funding for oil and gas projects, but RBS are 'the oil and gas bank'. They are the central driver of development of the oil and gas industry. The position of RBS on global climate change is far less liberal than many other banks. In spite of stating that the bank "distinguish the considerable global threat laid by climate change", RBS has reported it as 'preposterous' to admit liability for the climate affects ensuing from their loans to fossil fuel projects. Barclays is a financial services group based in UK. It is also an international banking organisation having branches all over Asia-Pacific, Europe and South America. The company is primarily engaged in banking, investment banking and investment management. With regard to market capitalisation, Barclays is one among the top ten banks in the world. Barclays also provides interconnected global services to translational corps and financial institutions all over the world. It is a leading UK retail and business bank with around 76,200 employees and with operations in more than 60 countries. Research Questions The research would help in identifying the following: 1. The role of management in the working environment of both the banks. 2. The major difference in the financial analysis between the two chosen banks. 3. What are the various Valuation Techniques prevalent in the Financial Markets pertaining to the Royal Bank of Scotland (RBS) and Barclays Bank Scope of the Research Study Both the banks have grown to be really big so it is very difficult and complex to study its operations in a comprehensive way. Thus this research study will be limited in its quantitative dimension. The questionnaires and interviews will be conducted by limiting the number of employees of both the banks. Due to limitations of the resources it is not possible to conduct a comprehensive quantitative study. On the other hand, the qualitative dimension of this research project will be much more comprehensive since it is

Monopoly and Quasar Essay Example for Free

Monopoly and Quasar Essay In 2003, Quasar computers launched a revolutionary new laptop computer named the neutron. The neutron uses high speed optical conductors, which is the first technology of its kind to be used in a laptop. Over time many businesses need to evolve to stay competitive and continue to make a profit in the market place that they have entered. This paper will discuss how the Quasar computer company moved through the different market structures over the past ten years and how the pricing and non-pricing strategies affected the company’s growth. During their transition the company faced many obstacles that could have caused a detriment to their economic prosperity. We will also discuss some of the potential risks that the company may have faced and the negative consequences that they would have had to overcome in those situations. Last, we will explore the competition that Quasar faced as the transition from one market structure to another occurred and analyze the commercial policies that are intended to protect the computer industry. Quasar like most other companies found a short-term profitable product, but being able to adjust as competition enters the market is the key for Quasar to remain profitable. After the launch of the Neutron laptop computer Quasar enjoyed a pure monopoly market. A pure monopoly exists when a single firm is the sole producer of a product for which there are no close substitutes (McConnell, Brue, 2004). During this time the company could set the pricing of the computer based on the demand for the newly innovative product. Because no other company produced the optical notebook the company was free to charge above market value for their product. But having a product in place will not bring up the sales. One of the strategies is to select an advertising budget to attract more customers to their product. The simulation showed that by slightly cutting the price and advertising the product the company could more than double their profits. Another strategy that the company was faced with was the improvement of the production processes. By upgrading, the company can optimize production while reducing the per-unit cost. This reduction means a lower price for the product which could bring in more customers and a higher profit. With the expiration of the patents once held by Quasar along with the increased demand for optical computers, other companies began to enter the market. This changed the market structure into an oligopolistic market. The difficulty in the oligopolistic market is the pricing strategy. The competitors need to reach a stable price where all make a reasonable profit. Because there are competitors fighting for market share and in the case of Quasar there is only one other fighting for market share, they both need to understand that pricing is the key. If the price is too high the demand for the product is lower if the price is cut severely, then the companies would have caused a slump in the industry. Even though they are both looking to get more market share the stability of the market is what will continue to bring the profits. As market share decreased due to competition, technology is now easily available, and new competitors entered the market. With low barriers to entry and ease of differentiation the market began to look like a monopolistic competition. In general, however, monopolistically competitive industries are much more competitive than they are monopolistic (McConnell, Brue, 2004). By having multiple variants in the market Quasar is faced with a decision of whether to promote the brand that has been the cornerstone of their business or introduce its own variant into the market. Quasar can invest money into research and development of their own variant that can remain competitive. By choosing to go that route, the company is able to be more profitable than if they were to advertise and promote the Neutron. As the years went by the monopolistic competition market finally became a perfect competition. A perfect competition market involves a very large number of firms producing a standardized product and allows new firms to enter or exit the industry very easily (McConnell-Brue, 2004). Unlike the other structures, the price of the product is determined by the market. In the short term a company such as Quasar can increase profits by using cost cutting measures. In pure competition a company has very little alternative to turn a profit. The quality and pricing of the product has stabilized and the products are similar to one another. A strategy that Quasar pursued was to invest in a company called Opticom which was a primary supplier of Optical Display Screens. By investing in Opticom and continuously improving much like the company did for the Neutron line, Quasar can turn a small profit before the industry catches up. During the transitions, Quasar was faced with many risks that need to be addressed to keep the company profitable. By performing a risk analysis we can determine if the course of action that the company pursued was correct. For example, when the company made the choice to introduce a variant into the market to remain competitive, the risk that the company took was tremendous. The money invested in research and development of a new product may not bring the expected result. If they had a far less superior product than the competitors or if the brand was improperly promoted, the outcome could have been disastrous. But by observing that they could use a twelve million of their unused production capacity they could lower the total cost of both the incumbent product as well as the new comer. Over the past several years the computer industry has grown exponentially with manufacturers like Dell, Apple and even Sony. Quasar has identified Japan as the country where they will face the greatest competition. Government procurement restrictions protect Japanese electronics and computer industries. These restrictions have recently been relaxed somewhat but they remain significant obstacles of trade (Unknown, 2004). These trade restrictions will hinder trade of Quasar’s products to Japan, but the company may be able to expand into the country and take advantage of the tax breaks while possibly distributing there product under a subsidiaries name. Many different businesses have had to evolve over their lifetime. Businesses that were once monopolies may end up on the other end of the spectrum depending on the ebb and flow of the market. The Quasar Computers scenario exhibited the evolution of a firm from one form of market structure to another. The company showed that during the life cycle of the product the company may have to pass through the different market structures as the product matures. The key to any company to remain profitable is to remain flexible. References McConnell, C, Brue, S. (2004). Economics principles. problems and policies [Adobe version]. University of Phoenix. (2002). Economics for Managerial Decision Making [Computer Software]. Retrieved from University of Phoenix, Simulation, ECOGM561 International Economics website. Unknown, . (1984). Japanese industrial policy. Retrieved from http://fraser. stlouisfed. org/publications/erp/page/5692/download/46305/5692_ERP. pdf.

The Stanislavsky Method :: essays research papers

When I came off of the stage that first night, I knew what I wanted to do with the rest of my life. I was ecstatic, on a natural high. Suddenly, I had found my place in the world. As I have gotten older and more experienced, I have learned that acting is not just reciting lines in front of an audience. There is a technique to acting. It is known as the â€Å"method†, â€Å"method acting†, or the â€Å"Stanislavsky method†.   Ã‚  Ã‚  Ã‚  Ã‚  The method was created by Konstantin Stanislavsky, a Russian actor, director,producer and founder of the Moscow Art Theatre which opened in 1898. Stanislavsky had many shortcomings as an actor and worked obsessively to improve his voice, diction and body movement. As a director and producer, Stanislavsky believed that the mere external behavior of an actor was not sufficient to portray the unique inner world of a character. He felt that once an actor felt what the character was feeling, the emotion would then manifest itself physically, making the performance believable. This idea was the basis for the method that Stanislavsky created, now the most common acting style in Western theatre.   Ã‚  Ã‚  Ã‚  Ã‚  Stanislavsky’s method begins with relaxation. He called in an â€Å"occupational disease.† One of Stanislavsky’s most famous students, Lee Strasberg, believed it to be the actor’s worst enemy. The exercise Stanislavsky developed for relaxation is meant to help the actor find hidden tension in all muscles of the body, most importantly the face, where most mental tension manifests itself. The exercise begins with the actor sitting in a straight backed, armless chair. First, the actor must find the position that he or she would be most likely to sleep in, if absolutely necessary. Then, starting with the fingers and working all the muscles in sequence, finding the tension hiding in each muscle, and will the muscle to relax. The first time I performed this exercise was in Beginning Drama, my freshman year. My instructor, Mrs. Daniels, had each student find a space on the floor and lay down on their back. From there Ms. Daniels went through each of our muscles telling us to relax each one as we went through them. This exercise helps the actor find where they, personally, hold their tension. Once an actor knows where they hold their tension, they can begin to release it, letting as little of themselves show through the character they are portraying.   Ã‚  Ã‚  Ã‚  Ã‚  The next exercise in the method is called Sense Memory.

Pygmalion by Bernard Shaw Essay -- Pygmalion Bernard Shaw Essays

"Pygmalion" by Bernard Shaw The word 'benefit' is defined as; 'a favourable or helpful factor or circumstance'. Many benefits are not immediately recognised, as they can be the result of something bad. In the play 'Pygmalion', by Bernard Shaw, Liza gains many benefits, but also disadvantages from her relationship with Higgins. Looking at benefits, she receives some beautiful clothes; 'I'm to have fashionable clothes' (p. 63), a good place to stay and financial ease. She meets other friends such as Freddy; 'I'll marry Freddy, I will' (p. 131), and she has permanent companions. However, though she has learned good speech with Higgins, she has not learnt manners, and is treated almost like an animal. She is unhappy for a while, and is used by Higgins greatly. But was it worth it for Eliza to have spent any time with Higgins? Do the benefits outweigh the disadvantages? Throughout her time with Higgins, Eliza immediately became financially viable. She has all the clothes she could ever need, and has her jewellery hired for her. She is always supplied with ten pounds; 'the Colonel thinks you should never go out without ten pounds' (p. 110). This enables her to get taxis when she likes, and to do things without worrying that she hasn't enough money. Her association with Higgins also provided Eliza with a place to stay. She could stay at Higgins home for however long she wanted; 'Eliza, you are to live here' (p. 45). She also, of course, receives lessons on how to speak like a lady, although she does pay for those; 'I won't give more than a shilling' (p. 39). She learns pronunciation, and grammar, and of course is being taught by one of the best English linguists around at that time. Thirdly, Eliza gains co... ...e case financially, but good friends and a better husband than Freddy may have been the result of staying on the streets 'soylin' voylets'. We can see that Higgins impression on Eliza has changed; in Act One being 'you squashed cabbage leaf' (p. 27) through to Act Five 'I can't turn off your soul' (p. 127). He considers her more of a human being by this time, and this may have proved to her benefit in later life. Eliza, however, realises the strange equality between herself and Higgins, beginning in Act One 'I've a right to be here, same as you' (p. 27) through Act Five 'I have been brought up like him using bad language' (p. 121). This may suggest that Eliza proved almost as much of a benefit to Higgins as he did to her. In my opinion, this relationship benefited both characters, and without this occurrence, their lives would not have been so fulfilled.

Record Keeping

Leander Picton Course Pttls Good record keeping The importance of accurate record keeping assists in establishing a reliable source of data for each client. The initial collation of client data such as diagnostic results and initial assessments provide the supportive information required for the preliminary development of an individuals learning programme. Initial and referral assessments provide an insight into a client’s previous learning experience, prior achievement, expectations and any learning difficulties which require consideration when preparing a lesson.Using these assessments a personal development plan can be implemented and used for reference and the recording of a client’s progression providing a diverse source of data for a tutor to draw upon when preparing for a client review. The recording of diagnostics results, learning style questionnaire and academic work allows a tutor to inform a client of their progression and where and how their learning and pe rformance can be improved and identify a client’s aptitude and ability for a particular learning style.Continuous maintenance and regular review of these records is vital to evaluate a client’s progression and provide positive encouragement and direction. These records provide a means to recognise further learning and development requirements and aid in the structure of assignments which are challenging but achievable accommodating the client’s specific learning abilities and meeting the client’s expectations and aspirations.The continuous maintenance and regular review of client documentation must undoubtedly contribute in sustaining a level of quality and commitment in providing a clear and constructive learning experience for all clients and ensure contractual agreements are met. As collation and recording of data is a regular necessity for a learning centre the data protection act provides assurance to clients by setting out clear and concise guidelin es for the processing and storage of an individual’s details. Personal data must be adequate, relevant and not excessive in relation to the purpose for which they are to be processed.They must be fair and lawful and it must be transparent about how the data is intended to be used. Reviews are an integral part of the process for recording and monitoring academic achievements, progression, behaviour, a client’s wellbeing and for the evolution of the learning centre and tutors. They are crucial in the delivery and collection of tutor and client feedback and it is therefore, essential reviews are held regularly and command an importance within the learning program impressing on the client the commitment of the learning centre.Reviews must be held in a confidential environment and be transparent as to encourage open and honest communication from both parties when providing feedback, informing the client of their academic progression, encouraging a positive change in behavio ur and supportive with development programmes. The client must be clear on the tutor’s expectations and what academic progression is required. Feedback should be given with care and attention to standards of respect for diversity and equality.The reviewer must facilitate the meeting and in achieving this goal should consider using a variety of methods in the delivery of feedback. This could be achieved by discussing a client’s work folder, interests and dislikes, achievements and barriers, discussing previous tasks set and setting new tasks, creating mind maps, tables for long and short term goals, explanation of performance charts and the clients own self assessment. The alternations of visual reference data provides for both client and tutor an understanding of the feedback being delivered and engages with the client on specific topics.The conclusion of a review must include the encouragement of the client, with the guidance of the tutor, in setting a number of SMART targets and provide initial steps to developing academic goals. A personal development plan must be agreed by both client and tutor and dates set to review individual tasks and overall progression.Reference: ‘Importance of Recordkeeping’ by Steve Glenn www. back. ac. uk/learningandteaching www. ico. gov. uk Record Keeping Leander Picton Course Pttls Good record keeping The importance of accurate record keeping assists in establishing a reliable source of data for each client. The initial collation of client data such as diagnostic results and initial assessments provide the supportive information required for the preliminary development of an individuals learning programme. Initial and referral assessments provide an insight into a client’s previous learning experience, prior achievement, expectations and any learning difficulties which require consideration when preparing a lesson.Using these assessments a personal development plan can be implemented and used for reference and the recording of a client’s progression providing a diverse source of data for a tutor to draw upon when preparing for a client review. The recording of diagnostics results, learning style questionnaire and academic work allows a tutor to inform a client of their progression and where and how their learning and pe rformance can be improved and identify a client’s aptitude and ability for a particular learning style.Continuous maintenance and regular review of these records is vital to evaluate a client’s progression and provide positive encouragement and direction. These records provide a means to recognise further learning and development requirements and aid in the structure of assignments which are challenging but achievable accommodating the client’s specific learning abilities and meeting the client’s expectations and aspirations.The continuous maintenance and regular review of client documentation must undoubtedly contribute in sustaining a level of quality and commitment in providing a clear and constructive learning experience for all clients and ensure contractual agreements are met. As collation and recording of data is a regular necessity for a learning centre the data protection act provides assurance to clients by setting out clear and concise guidelin es for the processing and storage of an individual’s details. Personal data must be adequate, relevant and not excessive in relation to the purpose for which they are to be processed.They must be fair and lawful and it must be transparent about how the data is intended to be used. Reviews are an integral part of the process for recording and monitoring academic achievements, progression, behaviour, a client’s wellbeing and for the evolution of the learning centre and tutors. They are crucial in the delivery and collection of tutor and client feedback and it is therefore, essential reviews are held regularly and command an importance within the learning program impressing on the client the commitment of the learning centre.Reviews must be held in a confidential environment and be transparent as to encourage open and honest communication from both parties when providing feedback, informing the client of their academic progression, encouraging a positive change in behavio ur and supportive with development programmes. The client must be clear on the tutor’s expectations and what academic progression is required. Feedback should be given with care and attention to standards of respect for diversity and equality.The reviewer must facilitate the meeting and in achieving this goal should consider using a variety of methods in the delivery of feedback. This could be achieved by discussing a client’s work folder, interests and dislikes, achievements and barriers, discussing previous tasks set and setting new tasks, creating mind maps, tables for long and short term goals, explanation of performance charts and the clients own self assessment. The alternations of visual reference data provides for both client and tutor an understanding of the feedback being delivered and engages with the client on specific topics.The conclusion of a review must include the encouragement of the client, with the guidance of the tutor, in setting a number of SMART targets and provide initial steps to developing academic goals. A personal development plan must be agreed by both client and tutor and dates set to review individual tasks and overall progression.Reference: ‘Importance of Recordkeeping’ by Steve Glenn www. back. ac. uk/learningandteaching www. ico. gov. uk

Coke vs PepsiPepsi and Coke’s Uncivil Wars Essay

Chapter 9 in Competition Demystified: Uncivil Cola Wars: Coke and Pepsi Confront the Prisoner’s Dilemma What are the sources of competitive advantages in the soda industry? First we should look at industry structure. The cola companies buy raw materials of sugar, sweeteners and flavorings from many suppliers then they turn the commodities into a branded product which consists of syrup/concentrated combined with water and bottles. The companies are joined at the hip with their bottlers/distributors who then sell to many retail outlets. Selling bulky and heavy beverages lends itself to regional economies of scale advantages. The soda companies cannot operate successfully unless their bottlers and distributors are profitable and content whether company-owned or franchised. The existence of barriers to entry indicates that the incumbents enjoy competitive advantages that potential entrants cannot match. In the soft drink world, the sources of these advantages are easy to identify. First, on the demand side, there is the kind of customer loyalty that network executives, beer brewers and car manufacturers only dream about. People who drink sodas drink them frequently (habit formation), and they relish a constancy of experience that keeps them ordering the same brand, no matter the circumstances. Both Coke and Pepsi exhibit the presence of barriers to entry and competitive advantage—stable *ROE can be influenced by whether bottlers’ assets are off or on the balance sheet Second, there are large economies of scale in the soda business both at the concentrate maker and bottler levels. Developing new products and advertising existing ones are fixed costs, unrelated to the number of cases sold. Equally important, the distribution of soda to the consumer benefits from regional scale economies. The more customers there are in a given region, the more economical the distribution. A bottler of Coke, selling the product to 40% to 50% of the soda drinkers in the market area, is going to have lower costs than someone peddling Dr. Pepper to 5% to 56% of the drinkers. During the â€Å"statesmen† era of Pepsi and Coke, what actions did each of the companies take? Why did they help raise profitability? Note the stability of market share and ROE. ROE dipped in 1980 and 1982 as Pepsi and Coke waged a price war. Yet, market shares did not change as a result of the price war—both companies were worse off. Pepsi gained market share in the late 1970s versus Coke. Coke was slow and clumsy to respond. Price wars between two elephants in an industry with barriers to entry tend to flatten a lot of grass and make customers happy. They hardly ever result in a dead elephant. Still, there are better and worse ways of initiating a price contest. Coke chose the worst. Coke chose to lower concentrate prices on those regions where its share of the cola market was high (80%) and Pepsi’s low (20 percent). This tactic ensured that for every dollar of revenue Pepsi gave up, Coke would surrender four dollars. Coke luckily developed New Coke which allowed it to attack Pepsi in its dominant markets in a precise way—minimizing damage to Coke’s profits–and force a truce in the price wars. They made visible moves to signal the other side that they intended to cooperate. Coca-Cola initiated the new era with a major corporate reorganization. After buying up many of the bottlers and reorganizing the bottler network, it spun off 51% of the company owned bottlers to shareholders in a new entity, Coca-Cola Enterprises, and it loaded up on debt for this corporation. With so much debt to service, Coca-Cola Enterprises had to concentrate on the tangible requirements of cash flow rather than the chimera of gaining great hunks of market share from Pepsi. PepsiCo responded by dropping the Pepsi Challenge, toning down its aggressive advertising and thus signaling that it accepted the truce. Profit margins improved. Operating profit margins went from 10% to 20% for Coca-Cola. Pepsi gain was less dramatic but also substantial. Both companies focused on ROE rather than market share and sales growth. The urge to grow, to hammer competitors and drive them out of business, or at least reduce their market share by a meaningful amount, had been a continual source of poor performance for companies that do have competitive advantages and a franchise, but are not content with it.

Dark Age of Nursing Essay

During the late middle Ages (1000-1500) -the crowding and poor sanitation in the monasteries nurses went into the community. During this era hospitals were built and the number of medical schools increases. Between 1500 and 1860 (A.D.) -the Renaissance all affected nursing. As nursing was not valued as an intellectual endeavor it lost much of its economic support and social status. The nursing conditions were at their worst and have been called the dark period of nursing. New hospitals had been built but quickly became places of horror as unsanitary conditions caused them to be a source of epidemics and disease. In 1545 -the council of Trent decreed that every community of women should live in strict enclosure. It took over 200 years of resistance for women to overcome this decree. The nursing sisters of France made little or no resistance such that their professional standards deteriorated. In the late 1500’s – several groups began nursing and tending the sick, poor, and dying. These groups were St. Francis de Sales, the Order of the Visitation of Mary, St. Vincent DePaul, the Sisters of Charity, Dames de Charite’, Louise le Gras, Brothers Hospitallers of St. John, Albuquerque, Order of St. Augustine, St. Camillas De Lellis, Jeanne Biscot, and the Nursing Sisters of St. Joseph de La Fleche. Many of these people came from rich and influential families. The dark ages of nursing lasted for three centuries until the mid 2800’s when Florence Nightingale brought about a change. Nursing during the Medieval Ages Either done by charitable religious orders or by the poor who worked for the rich. Nuns or sisters in a cloistered order made up the nursing staff in hospitals. Late Middle Ages Repression of women and cloistered orders by the Protestant church for all who followed the churches standards closely affected adversely the standards of nursing that had existed. Protestant Reformation The closing of monasteries during the Reformation by Luther and his views about the place of a woman caused many hospitals to shut to the sick and poor and further disrupted nursing care and quality. As women tended to hold the positions of nursing how women were treated and viewed strongly affected how nursing was viewed. During the 16th century Reformation and Catholic Counter-Reformation Religious orders were suppressed causing hospitals to become places of horror and a period of stagnation in nursing and health care followed. Because monasteries and hospitals were shut to the poor the sick were no longer separated from the healthy such that disease and epidemics spread. The Wars Florence Nightingale the â€Å"Lady with the Lamp† made history with her nursing work in the Crimean War and helped shake up the field of medicine. She is most remembered as a pioneer of nursing and a reformer of hospital sanitation methods. Nightingale pushed for reform of the British military health-care system and with that the profession of nursing started to gain the respect it deserved. Florence Nightingale’s two greatest life achievements–pioneering of nursing and the reform of hospitals–were amazing considering that most Victorian women of her age group did not attend universities or pursue professional careers. In 1854, after a year as a unpaid superintendent of a London â€Å"establishment for gentlewomen during illness,† the Secretary of War, Sidney Herbert, recruited Nightingale and 38 nurses for service in Scutari during the Crimean War. Nightingale was able to use the data as a tool for improving city and military hospitals. When Night ingale’s sanitary reform was implemented, the mortality rate declined. The establishment of the Army and Navy Nurse Corps opened the door for women in the military but ever so slightly. Army and Navy Nurse Corps women served valiantly throughout the war, many received decorations for their service. At least three Army nurses were awarded the Distinguished Service Cross, the nations’ second highest military honor. Nurses were wounded, and several died overseas and are buried in military cemeteries far from home. Helen Fairchild-the Army nurse (from 1917) Fairchild was one of 64 nurses from Pennsylvania Hospital who had volunteered to join the American Expeditionary Force after the United States entered World War I on April 6, 1917. Nurse Fairchild died on Jan. 8, 1918, while on duty with British Base Hospital Alexandra of Denmark – Queen Queen Alexandra, the queen consort of Edward VII of Great Britain was known for founding Queen Alexandra’s Royal Army Nursing Corps. Margaret Sanger (1879-1966) Margaret Sanger was birth control pioneer and founder of Planned Parenthood Civil War Nursing Women played a major role in nursing and sanitation efforts during the Civil War, paving the way for their entry into the nursing profession in greater numbers after the war, as well as paving the way for further professionalization of the nursing field. Dorothea Dix – Social Reformer Dorothea Dix was an activist who served in the Civil War as Superintendent of Female Nurses and she also worked for reform of treatment for the mentally ill. Clara Barton (1812-1912) Clara Barton was a Civil War nurse and founder of the American Red Cross. Harriet Tubman Harriet Tubman was an escaped slave who helped others escape from slavery and was known as the Moses of her people. She was also a spy, nurse, and speaker for women’s rights. African American Women Nurses Black women who have served as nurses, often in wartime. The Army Nurse Corps was established in 1901 to provide a permanent active nursing corps. In World War II, the number of Army nurses by the end of the war was 57,000. The Army Nurse Corps has not only served the military by nursing wounded soldiers and reducing the death rate from disease, but has also served as a route for women to make a difference and build a career.