...Europe is in crisis because it has been living beyond what it can hold up. No single European country is to blame. The entire Eurozone threw economic caution out the window. When Europe was doing just fine, countries in the Eurozone could borrow money cheaply, at low rates of interest. Because of this “cheap” debt the countries were lured by the prospect of economic growth, which lead them to borrow more and more. Eventually the Eurozone had more debt than they could imagine, and just when Europe’s spending spree was veering out of control, rising interest rates came along to end Europe’s spending. There are some factors that may have been the reason as to why Europe is like this such as, cheap debt, rising interest rates, bailouts, investor confidence wavers, key stakeholders tighten their wallets, and austerity stifles growth (Introduction: euro crisis explained). When mentioning cheap debt it means when they were borrowing money at an affordable level and it came time to repay, it wasn’t that affordable anymore. With bailouts, they have been paying large amounts of money to high-risk Eurozone countries. For investor confidence wavers, it means that when investors see that things are not looking to good, they want to take their money elsewhere, so they leave hoping to find more money somewhere else. In the financial sector of the European crisis, there were many different reasons as to why this happened the way it did, but the reasons are few. Some of the reason is the...
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...year? It was cheaper for European families to travel to Disney World in Orlando, FL. Not only was the trip to Orlando going to be cheaper, but it was almost guaranteed that the weather was going to be spectacular. People go on vacation to have a good time, but more importantly to enjoy the weather. People in Europe and around the world are not going to vacation at a spot where the weather is going to be unpredictable. France gets cold in the winter, therefore going to Disney World in Orlando would be more logical. It will be cheaper and the weather is going to be decent for whenever you choose to go. The French culture did not like the American Fairy-tale characters. The French had their own fairy-tale characters; one even has a park located near EuroDisney. Starting up a company internationally is an extremely hard task. Researching the culture of the country in which the company is going to be located is extremely important. When the plans to bring EuroDisney to Paris were finalized, they should have begun extensive research on the culture and history of France. By not doing that Disney may have insulted the French, but more so they hurt their chances of making money. The whole Disney idea was not sitting well with the French people. For example, during a trip to France in 1989 Michael Eisner was hit with eggs by a French columnist. When a culture shows somebody this much disrespect, take it as a hint and disappear. The French people were extremely upset at the thought...
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...those remaining men got jobs in factories manufacturing arms for those fighting. Much of the money they earned was saved as there was little to spend it on during the war period. By 1945 $140 billion was held in private savings. These savings were used after the war to boost consumer spending. After the war the US economy grew as there was little damage to mainland USA and thus no money was spent on reconstructing factories, houses and public infrastructure as had to be done across the UK and mainland Europe. Due to the damage caused to Europe there was a large increase in US exports to Europe as European countries were unable to manufacture goods whilst they rebuilt their factories and infrastructure. The Marshall Plan was a programme for European recovery which gave European countries money to their economies. It is widely thought that the US did this partly for their own benefit. They knew that with this money European countries would buy goods from US factories as they needed to rebuild their factories, this would mean that jobs would be created as there was higher demand for goods. Investment in advancing technology would occur and more tax could be collected from those employed. This all contributed to the increase in the economy. Finally, after World War II the US increased their spending on defence out of fear of communism spreading from Russia. There were large amounts of money spent by the US government on research and development on new weapons and technological advancement...
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...In this project, I learned about the years between 500 and 1000 in Europe. One thing I found interesting was how admittedly grim the times were, even as people romanticized the Dark Ages. I learned about the “Dark Ages” by examining a set of Medieval Economic Laws created by The Bruce Publishing Company in the year 1936. The point of view of this source is that the Dark Ages in Europe were pretty dark because they were chopping people’s hands for not returning money that they owe. This point of view is conveyed through the quote, “Concerning false money, we have ordered that he who has been proved to have struck it shall have his hand cut off.” This quote shows that laws during the Dark Ages were way more physically brutal than any law that...
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...Blaut... CH. 4 We now know: - Capitalism was developing evenly throughout Africa, Europe and Asia before 1492. - This process was called by Blaut: “Proto-capitalism.” So capitalism does not appear out of nowhere. It shifted its center from Indian Ocean to Europe = continuous process. Industrial revolution started later: symbolically situated in 1688 (overthrow of King James II in England by Parliamentary group) So... How did Capitalism develop more in Europe after 1492? - This is the main question of the chapter. Why did Europe discover America? Myth of adventuresome superiority in Europe. - Based on internal characteristics of Europe and giving no credit to non-Europeans. But they were trading in maritime centers just like everyone else. Technology superiority of Europe? Others had traveled long distances. Inventions were criss-crossing and Europeans did not have technological superiority in navigation. So why...??? Special progress in Europe? Nop... Europe in 1492 was “sluggish”. - Economic growth was slow and most likely negative. - Urbanization process was slow. In 1 or 2 decades progress and economic growth started to rise. - - Why??? So Why??? Geographic location. - Europe was simply closer to America and this was an advantage. Sailing conditions were better: winds were favorable. West-African traders...
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...variety of cuisines unlike Middle East which majority constitutes of Halal food. As such, those who work previously in Singapore before getting transferred over to Middle East might not get used to the food. As Singapore’s currency is not as high as United States’ currency, through Foreign Direct Investment, more money could be saved as the workforce in Singapore is cheaper than in United States. The money saved could be used on other areas on the company which can be used to improve the company’s quality. Secondly, Singapore is a multi-racial country. This would earn them an advantage as having a company in Singapore allowed them to learn more about the various races and religions. As such, when United States works with other countries like India, United State could actually gain an advantage since they already had a rough idea of what are the cultures of the Indians allowing them to better adapt to the lifestyle of the Indians. India would then have a better impression of United State. The trade between Singapore’s trade and Europe will drop. This is because the Greek debt crisis might spread to Europe and if this happens, Singapore would not dare to trade with Europe as they might be unable to pay up. Thus this would...
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...mass media separating the world. The society accommodates three authorities which are the Legislative, Judiciary, and executive supremacy. After the intervention of the technology into our life there were many historical revolutions caused by political, economical, or religious issues about this technology. For the mass media, it went away from the revolutions to take advantage of this technical progress. It has been chasing a benevolent evolution to reach a point where it took a real capability to be the forth mastery in our society today. Using its power, the media is dividing the world into three parts: USA, Europe, and Asia with Africa, giving each its own characteristics. First the media using its power is giving the USA its own characteristics. One of these characteristics is that the people of USA are worthy of richness. They are the people who can use their money to produce a progress for their own society and sometimes for the whole world. We can see that America has been giving the world from its discovery till today many proofs to insure that it is the country that would give betterment to the world. Anholt, Hildreth, &Jeremy(May, 2011) orate "Putting a man on the moon may not have been intended as an advertisement for American technology, but it certainly worked as one, and Brand America was credited with the achievement"(p.22). Here we can notice that the USA when they were the first to touch the moon, hadn't took advantage of this progress for economical gains by...
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...Impact of Crusades in European History The time referred to as the High Middle Ages in Europe in the 11th century was in stark contrast to the Europe of the Renaissance. The continent was divided into kingdoms of weaker monarchs fragmented into small fiefdoms. The political landscape was dominated by the powerful aristocracy and even more powerful men of the religion. Life conditions were dismal for most of the population, trade was nearly nonexistent. In terms of arts and sciences, European civilization was dwarfed by those of the Middle East and Asia. Yet, in a couple centuries Europe would become one of the most powerful, sophisticated civilizations in the world. This change can be attributed in no small part to its interaction with the Orient though Crusades that spanned from the end of the 11th century to the end of the 13th century. The 35,000 men that joined the first Crusade embarked on a journey to a world that was very different than Europe. After capturing Jerusalem and settling down in various places in the Middle East, they saw that the Muslims lived luxurious lives. Their civilization was hundreds of years ahead of their own in terms of culture, technology and sciences. The Arabs had spent centuries in major cities copying the texts of classical Greek philosophers and making additions on the existing body of knowledge. The works of philosopher scientists such as Ibn Sina and Biruni were taught in European centers of learning emerging at the time of the first...
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...My blog, “Will Europe Drag Down the World”, talked about the crisis in Europe. In some European countries, the state is so critical that these countries are pulling Europe down. Greece is one of the dominant countries in this issue; it has recently experienced a global crisis. European banks are trying to improve the situation and pull Europe out of economic stagnation. They need to increase the volume of lending, because the money will be used to boost economic growth, thereby multiplying it. Tie to class This article ties into class because it talks about economic problems and currency in the EU. One of the main factors determining the development of the political situation in the world is the financial and economic crisis. Since the issue of the dollar began to be implemented on a larger scale than euros, by the end of the year Europe partially recouped their background lost during the spring of the Greek crisis. With the introduction of the common European currency, individual countries have been unable to pursue an independent policy of emission, while pursued by the European Central Bank policy. They were pursued at least until recent correspondence with the interests of the Nordic countries, depriving southerners’ opportunities to solve their problems tested way. Personal Reaction From this perspective, it can be argued that the crisis in Europe is completed in the next 10 years. Until today, the banks do not know exactly whether they have enough money to lend. Now the...
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...Capitalism has been around for centuries around the world however it became a central focus of Europe after 1492. Before 1492, capitalism was equally rising in Africa, and Asia also. When the year 1492 occurred, Europe took a lead in the rise of capitalism which can be linked to Europe's ties with America. To begin, we have to take a look at why Europe conquered America and not by Asia or Africa. Europe's main reason for conquering America was its ideal location. During this time period, maritime technology was testing out oceanic navigation in the countries of Asia, African and Europe. The trips were more well planned and longer voyages could be completed due to advancing oceanic technology (Blaut,181). Technology was similar among the countries due to the continental "crisscross diffusion" which spread ideas from region to region (Blaut,181). When it became time to explore the western hemisphere the Europeans did have one advantage, location. Due to geography, America was more accessible from "Iberian ports" (Blaut,182). Many voyages did not complete their journey due to unforeseen sailing conditions. However, the Europeans were lucky to benefit from the trade winds. "Columbus knew the advantages of the trade winds and saw they would assist his travels to be outbound northward into the westerlies"...
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...In Europe there are many undocumented and ignored cases of racial discrimination and xenophobia. Even though racism in Europe is not spoken about, many different minorities are targeted and mistreated everyday regardless of the anti-discrimination laws in place. Promoting these laws and raising awareness will positively lower the percentage of hate crimes in Europe. Recent news has shown a great increase in racial and xenophobia attacks. If this continues to happen, the world will be an imbalanced battlefield. However with the promotion of awareness and an enforced discrimination law, Europe will be able to lower and narrow down the racial issues in Europe. Awareness proves effective in many situations and many people will understand the issues...
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...Although these represented only a small part of the European GNP, this drastically helped to improve their economies. However, there is criticism in this method of execution because most of the goods purchased for the countries were manufactured by American companies. Many believe that it was a way for the U.S. to try and gain economic control of Europe, making the plan a selfish reason instead of to help better the world. The counterargument to this is that there was no way for the United States to gain the amount of control needed for imperialism when their aid only contributed to about 2.5% of the GNP of the recipients. Much of the money went...
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...Not only did Europe’s economy flourish from the slave trade, but they also saved lots of money obtaining slaves by using ships. Because trade routes were designed in a specific way, the use of ships required very little energy. Ship captains and tradesmen used routes that had large, gusty winds and currents, that pretty much pushed the ship for them. For an example, if a voyage was taking place from the south of the US to Europe, the Gulf Streams waves were used as an advantage to propel the ship. As a result, Europe saved a large amount of money when transporting slaves from other areas. The trade routes to Africa and the Americas not only saved money when it came to the movement of ships, but it also provided the people with many jobs...
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...•During the last third of the 1800’s, there was a technological boom caused by: ◦wealth of natural resource (oil, col, and iron) ◦inventions like the telephone and light bulb ◦large urban population that consumed the new manufactured goods •railroads helped industry expand places like Chicago and Minneapolis •smaller railroad companies formed to create large powerful ones Rise of Corporations •entrepreneurs sold stocks to raise money to build big businesses •corporation- business owned by stockholders who share in its profits but are not personally responsible for its debts ◦were able to raise large amounts of money needed to invest in industrial equipment •made big profit by reducing the cost of producing goods Continental Europe Industrializes •French Revolution and Napoleonic Wars halted trade, interrupted communication, and caused inflation in some parts of Europe ◦gap in industrialization between Britain and the rest of Europe widened Belgium •led Europe in adopting Britain’s new technology •had rich deposits of iron and coal, waterways for transportation •William...
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...Jaida Rodgers History A Impact of the Crusades The Crusades were a very important part of history. It has been said that The Crusades are what started the beginning of modernization. Not only were they what started the beginning of modernization, they also had many impacts on Europe. The four major areas of impact on Europe were in the Economic, Political, Social, and Religious parts. Though all the areas were impacted, not all were good impacts. One of the areas that will be focused on is the Economic area. The Crusades were very commerce. Commerce is the activity of buying and selling, especially on a large scale. The Crusades were always in demand for transportation for not only men, but their supplies as well, would always edge ship-building on, and also had the market extend for Eastern products in Europe. Cities that had benefitted from this are places such as Cairo, Alexandria, Damascus, and Mosul because of all the trade that had been happening with the Italian seaports across the Mediterranean Sea, they were making more money. Many believe that the Economic area was the most important part of the Crusades, but many believe that they are wrong and it is not one of the most important parts of the Crusades. The next area that will be focused on is the Political area. There were bad and good impacts on the Political impact of the Crusades. The Crusades actually took down aristocracy and wanted to show the importance of the kings and the people. It is said that many...
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