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Definition Of Command Economy - 552 words
A command economy is one in which a central authority has control of the resources of the economy and makes most of the economic decisions. TODAY : DICTATORSHIPS OR CUBA OR CHINA IN THE PAST: NEW FRANCE & THE WARTIME ECONOMY OF THE 1940'S NEW FRANCE New France was discovered by accident while explorers were searching for shorter trade routes to India and China, where they hoped to find rich sources of gold and spices. By accidentally discovering central and South America they did discover gold and silver produced by the Aztec civilization. In Canada the first resources to be exploited were - FISH & FURS. New France, as a colony, was to serve 2 purposes. 1. a source of NATURAL RESOURC ...
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Joseph Stalin - 1,229 words
Joseph Stalin lived from 1879 till 1953. Stalin was one of the most ruthless communist dictators of all time. After Lenins death, Stalin pushed his way to the top and was set out to make the Soviet Union into an industrial power. In 1928, Stalin proposed the Five Year Plans, which were to build heavy industry, transportation, and an increase in farm production. This initial attempt to industrialize the country was generally successful, but collectivization was extremely unpopular and was resisted by the peasants. In response Stalin had millions of them killed, or allowed them to starve. Stalin said that the Soviet Union was behind the rest of the world in industry and agriculture, and needed ...
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Paul A Samuelson - 1,222 words
Samuelson has offered the world many economic theories. One area he is widely known for is his views on the spending multiplier. Samuelson has presented a way through his aggregate demand model to demonstrate how the spending multiplier affects individual types of spending. There are several components of aggregate demand. The basis for understanding this model is as follows: An increase in prices causes a drop in household assets, thus causing consumers to spend less. Increases in domestic prices reduce exports, which causes an increase in spending on imports. The interest rate effect is when prices increase, as does the demand for money, thus increasing the inter ...
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Paul A Samuelson - 1,235 words
... . The equilibrium theory developed by Samuelson studied the interaction between all prices and quantities in an economic system. Under this theory Samuelson demonstrated that free trade is superior to protection by tariffs. Even though it is a known fact that foreign trade causes redistribution within countries, it is more beneficial for individuals benefiting from free trade to completely compensate those who lose in international trade. This method is more beneficial to all involved than the use of tariffs which raise the price of the product and reduce the rewards for international trade. Traditional thinking regarding capital theory was that there must be an application of an aggrega ...
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Asias Sleeping Giants - 1,073 words
China and Japan: Asias Sleeping Giants Of all regions in the world aiming for a bright future, none is closer to that goal than Asia. Asia, also known as the sleeping giant accounts for over sixty percent of the earths population with China holding a large amount of the sixty percent. Economically, Japan is in the forefront of the world with only the United States leading them in the category of Gross National Product (GNP). Both Japan and China are looked upon by a great number of people as future leaders of the world. What is remarkable about that statement is the fact that the two nations, while they might have commonalties, are so different. Some might assume that two nations in the same ...
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The Specter Of Communism - 1,195 words
In the years following the end of the Cold War, many historians and social scientists have written accounts of what were some of the causes and effects of this period when the threat of war was almost always present. One such person was Melvyn Leffler and his work, The Specter of Communism, which described the origins and conflicts of the Cold War. Out of these accounts several interesting questions come to light about the true nature of the Cold War. One such question that has surfaced recently is that of number 2 on the handout. The main emphasis of the question or statement is that the Cold War never really took place, and what did occur was nothing but a complete waste of money and time. ...
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World History Term Paper - 1,029 words
... mbine together and work as one. Why did the Industrial Revolution begin in England - made economy involved in countries movements. Was the start of technology. What problems were there in factories - women and children were working. Laissez-Faire - Adam Smith's phylosophy, means that gov't shouldn't mess with the economy. Socialism - When the gov't and the people own things both. Charles Darwin - studied the theory of evolution, biology. Why did immigrants come to the U.S.A in the 1800's - to be free and get away from Parliament , Britain had a weak government. Irish Potato Famine - potato crop failed in Ireland, many moved to the U.S. The Reform Bill of 1832 - Took away power from the n ...
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Germany Still Divided - 1,489 words
The shocking fall of communism in Eastern and Central Europe in the late eighties was remarkable for both its rapidity and its scope. None more than for East and West Germany. The unification of Germany has been one of the most significant and moving events of the 20th century. Yet the euphoria of those heady days in autumn 1989, when the world watched in rapt attention as the Berlin Wall came tumbling down, has since fizzled. The process has proven to be far more painful than (then) Chancellor Helmut Kohl had promised Germans in 1990 on the eve of the first all-German elections since the Nazis rise to power.(Ireland, 541) This resulted from the underestimation that was placed on integrating ...
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Stalin - 431 words
Joseph Stalin, an official of the Communist party, was the successor of Lenin after his death. His goal was to continue what Lenin had left behind that is to build a classless society in which the means of production were in the hands of the people. Stalin was born Joseph Djugashvili to a poor family. He studied for the priesthood when he was a boy but had a growing interest in revolution. He was punished for reading a novel about the French Revolution. In 1900, he joined the Bolshevik underground and took the name Stalin, meaning man of steel. When Stalin gained power, he set out to make the Soviet Union into an industrial power. He wanted to get rid of Russias backwardness. This is the re ...
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Ancient Near East - 1,585 words
Millions of years ago the procreant low lands in the river basins of Euphrates and Tigris was probably the home of some animal life, but no great civilizations. However, things change over time, and just a few thousand years ago the same fertile low lands in the river basins of Euphrates and Tigris became the home of a very rich and complex society. This first high society of man was located in what some still call Mesopotamia. The word Mesopotamia is in origin a Greek name meaning land between the rivers. The name is used for the area watered by the Euphrates and Tigris and its tributaries, roughly comprising modern Iraq and part of Syria. South of modern Bagdad, this alluvial plain was cal ...
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What Sparked The Russian Revolution? - 559 words
The Russian Revolution took place during difficult time in Russia. These troubles began before World War I and lasted up until 1930s. Russias population was made up of mostly poor, starving peasants. A small working and middle class began to rise to help industrialize Russia. But a corrupt government made it difficult for Russia to advance. This added to the turmoil. World War I placed a serious hurt on Russia. Although at first it raised national pride and enthusiasm, it quickly drained resources and poorly trained peasants quickly found themselves fighting with no weapons. This war sent over 2 million Russians to their death in 1915 alone. Turning points for the Russian revolution were the ...
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Business Analysis Of Ford In China - 1,598 words
... ,000,000 in 2010 after China enter WTO. The demand of 1.2 litres exhausting private car will increase fastest among all the automobiles. 4.1 Consumers Psychology One of investigations made by China Consumers Association shows that approximately 20% of Chinese consumers will prefer to buy imported cars, even though the price of them are higher than domestic cars. There will be 80% of consumers choosing to buy imported cars on the condition that the price of imported cars is almost as same as that of domestic cars. According to this investigation, it seems that band is more important thing to be concerned by consumers besides price. 4.2 Car Purchasing Power In 2000, Chinas GDP per capita r ...
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Understanding International Business Environments - 1,195 words
Understanding the dynamics of the international business environment is a complex process because there are so many factors that can impinge the success or otherwise of an international business. The business environment is changing and its volatility is increased by the threat of competition and changing business culture. Most importantly, as MNCs venture into new and unknown grounds, they have to carefully consider respective countries risks that they are dealing with. Political Ideologies and Economics An ideology is a set of integrated beliefs, theories and doctrines that helps to direct actions of a society. Political ideology is almost intertwined with economic philosophy. For example, ...
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The Gilded Age - 1,005 words
A successful economy is perhaps the most key ingredient leading to a successful nation. An economy is a delicate balance of many different conflicting and coexisting elements. Naturally, an economy's success can often be measured by the amount of wealth is contains, not to mention the effectiveness or ineffectiveness of its distribution of the wealth. Effective distribution of wealth is no easy feat. Wealthy and poor people will always need to coexist- this is an inescapable truth. The government's job in many cases becomes that of a referee. Naturally, perfect peace and harmony between to totally different classes would be a utopia, and probably will never be completely achieved. A governme ...
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