In the Seventeenth Century, Archbishop James Ussher of Ireland Used

question 55

Essay

In the seventeenth century, Archbishop James Ussher of Ireland used the Bible to calculate that the Earth was created in 4004 b.c.e.Imagine you could take Archbishop Ussher to Niagara Falls.Although Niagara Falls is located on the border between the United States and Canada today, it was located several kilometers to the north at the Niagara Escarpment and is eroding southward.Let's assume the rate of erosion is 50 cm/yr.Assuming the distance from the Niagara Escarpment to Niagara Falls is 11 km, use the equation Rate = Distance/Time to calculate how long it would have taken to erode from the Escarpment to the current location of the falls.How would this calculation compare with Archbishop Ussher's assessment of the age of the Earth?

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Definitions:

Diversified Investor

An investor who spreads investments across various asset classes to reduce risk.

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The risk inherent to the entire market or market segment, also known as "market risk," which cannot be eliminated through diversification.

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Treasury Bills

Short-term government securities issued at a discount from their face value, with maturities typically less than a year.