...market which swiftly followed, he proposes, has had a major impact on the capital (Beijing), suggesting that the Chinese totalitarian approach to controlling capitalism encounters difficulties not too different from our own. Deng Xiaoping’s China, he notes, epitomises the ability of the capitalist system to avert penury yet raise separate problems in the process. Plender (2015) argues that greed is behind the growth of our economies. Quoting John Maynard he asserts that a capitalist system is one which believes that this greed will yield the best outcome for everyone. The morality surrounding money has been a major issue for centuries, Plender (2015) suggests, alluding to Plato, Aristotle and Jesus who repudiated the desire for money and its consequences. Plender (2015) discusses businesses, as well as the people involved, and the mockery and ridicule that they are subjected to. He examines the businessman’s ostentatious and reprobate nature has been the muse for novelists of the...
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...Republic of China (PRC) to attract tourists, but most have evolved into quiet and organized walkways, like the one above. This is partly because the acceptance of a market economy transformed roadside markets into convenient supermarkets. No more haggling for prices over the noise of 20 others doing the same, or dodging children when settling your mobile market. Instead, responsible citizens, like the man in the picture to the right, can spend time recycling household waste in an effort to care for their neighborhood (Nuo). This coordinated and desirable lifestyle is made possible by domestic and foreign businesses that enter the market with permission of the government. Wal-Mart (WMT), an American business, abides by national and international law to assist those in China with their own development goals. WMT claims to conduct more annual internal audits than any other company, at 13,600 reviews. When violations are detected WMT does not hesitate to take harsh measures (Sweatshops). WMT seams its corporate policy with international regulations to ensure their workers the rights they bear as participants in a market economy. WMT labor practices in China promote free market-enterprise. In order to understand how WMT promotes free market-enterprise through its labor practices, first I will define the key terms, such as labor practices and free market-enterprise or free enterprise. Then, I will provide the criteria to evaluate the existence of a free market in China and how its...
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...the theory that persons, groups, and races are subject to the same laws of natural selection as Charles Darwin had perceived in plants and animals in nature. According to the theory, which was popular in the late 19th and early 20th centuries, the weak were diminished and their cultures delimited, while the strong grew in power and in cultural influence over the weak. Social Darwinists held that the life of humans in society was a struggle for existence ruled by “survival of the fittest,” a phrase proposed by the British philosopher and scientist Herbert Spencer. The social Darwinists—notably Spencer and Walter Bagehot in England and William Graham Sumner in the United States—believed that the process of natural selection acting on variations in the population would result in the survival of the best competitors and in continuing improvement in the population. Societies, like individuals, were viewed as organisms that evolve in this manner. The theory was used to support laissez-faire capitalism and political conservatism. Class stratification was justified on the basis of “natural” inequalities among individuals, for the control of property was said to be a correlate of superior and inherent moral attributes such as industriousness, temperance, and frugality. Attempts to reform society through state intervention or other means would, therefore, interfere with natural processes; unrestricted competition and defense of the status quo were in accord with biological selection....
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...Vocabulary: Goal 1 1. Historical narrative 2. Temporal structure (beginning, middle, end) 3. Time line 4. Historical succession 5. Historical duration (continuity) 6. Primary sources 7. Humanity 8. Historical passage 9. Historical perspective 10. Historical context 11. Literal meaning 12. Historical fact 13. Historical interpretation 14. Historical data 15. Hhistorical analysis 16. Cause-and-effect relationship 17. Value-laden 18. Moral convictions 19. Critique 20. Hypotheses 21. Historical inquiry 22. Eyewitness account 23. Statistical compilations 24. Journals 25. Census 26. Artifacts 27. Economic indicators Goal 2 28. Sustainability – supported,upheld ,of confirmed 29. Fertile Crescent – an area in the middle and near east: formerly fertile, now partly desert 30. Migration - a number or body of persons or animals migrating together. 31. Environment – the aggregate of surrounding things,conditions,or influences;surroundings; milieu 32. Human interdependence – all humans rely on each other. 33. Natural barriers – a natural limit or boundary of any kind. 34. Drought – a period of dry weather that whithers or kills the crops 35. Famine – extreme hunger or scarce amount of food. 36. Trade interactions -the influence of buying or selling trade with other countries. 37. Resources – a source of supply,support,or aid when specificity needed 38. River valley -a natural stream of water flowing in a valley...
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...the principal nations, mainly the USA and the Soviet Union fought proxy wars as a substitute for armed conflict with each other during the Cold War between 1945 – 1989. As the Second World War ended in 1945 with the victory of the allies, a new war was launched. It was a battle predominantly between the USA and the Soviet Union, between two conflicting ideologies: America’s capitalism versus and the Soviet Union’s communism. Ranging from two of the most devastating wars; the Korean War (1950) and the Vietnam war in the 60s, to the smaller conflicts in the Middle East and Africa in terms of the scale of the battle, every corner of the globe was involved in the Cold War. (Dunbabin 1994) The USA and the Soviet Union were the sole super powers at the end of the Second World War. There are a number of views regarding why the Cold war was unavoidable, and one of the reasons is that both countries were expansionist. The USA in particular was afraid of the Soviet sphere of influence over Europe in particular, believing that it needed to be contained. (Mowry, 1962) But on the part of the Soviet Union, it was also afraid of the USA’s power and its ideology which it believed to be evil and imperialist. This triggered ambitions of taking over Eastern Europe, whether driven by a defensive or offensive motive. As the ‘Iron Curtain’ was set up in Europe, it was clear that the tension between the Soviet Union and the USA led capitalist counterparts (Britain, France and other NATO...
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...In the years 1500 – 1900 Europe colonized all of North and South America and Australia, most of Africa, and much of Asia by sending settlers to populate the land or by taking control of governments. The first colonies were established in the Western Hemisphere by the Spanish and Portuguese in the 15th – 16th centuries. The Dutch colonized Indonesia in the 16th century, and Britain colonized North America and India in the 17th – 18th centuries. Later, British settlers colonized Australia and New Zealand. Colonization of Africa only began in earnest in the 1880s, but by 1900 virtually the entire continent was controlled by Europe. The colonial era ended gradually after World War II; the only territories still governed as colonies today are small islands. http://www.answers.com/topic/colonialism#ixzz1lYMQdYfY http://en.wikipedia.org/wiki/Colonialism Colonialism is the establishment, maintenance, acquisition and expansion of colonies in one territory by people from another territory. It is a process whereby the metropole claims sovereignty over the colony, and the social structure, government, and economics of the colony are changed by colonizers from the metropole. Colonialism is a set of unequal relationships between the metropole and the colony and between the colonists and the indigenous population. The colonial period normally refers to the late 15th to the 20th century, when European states established colonies on other continents. During this time, the...
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...Exam 2: Chapter 28-32 Atlantic revolutions (American, French, Haitian, Latin America) Rise of nationalism Industrialization Global transitions: the americas, the ottoman empire, Romanov Russia, Qin China, Japan. Global empires. Atlantic Revolutions: In the early modern period (1450-1750. Period of early European exploration and contact. It caused the establishment of european commercial empires. Primary tributary, it focused on trade, and some settler comics. This caused there to be “nation-states”, in tern proto-industrialization in europe (innovation) Europe started into three major processes: Revolution, (and nationalism) Industrialization Imperialism Lastly the Rise of the “nation-state” Age of Enlightenment (1650-1780’s) There were plenty of forward thinkers. Each was moving toward science as the new way of thinking. They used the application of universal laws of the natural world to social world. They valued ration over revelation. The government was as a contract. The ideas of Freedom, equality and sovereignty were held as the highest. The belief was to move forward in progress. French Revolution (1789-1799) The aim was to abolish the monarchy that was in france, it ultimately failed. It was far more radical than the American, but still failed. Mostly because they had no idea how to run a government. Whereas the Americans had some knowledge about their own rule. Napoleon Bonaparte (1769-1821) Declared himself emperor and attempted to bring...
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...San Diego State University Syllabus World History Fall 2015 History 101, Sec. 03 Dr. Mahdavi Student Learning Goals for Content and Skill Acquisition: This is a course in the history of the human community from approximately 1500 C.E. to the present. The course differs from the traditional Western Civilization class in that the entire world rather than Europe alone is the focus of study. The central questions the course will ask are these: What is Modernity, that is, what do we mean when we ask of "the modern world" in which we live? How have the political, social, cultural, and economic forces that we associate with modernity changed our world and its people during the past 500 years? Why has the intercommunication, interaction, and interdependence of the peoples of the world become so much more intense during the past 500 years than they were in earlier ages? How and why did western civilization rise to global domination in the eighteenth and nineteenth centuries, and how has the challenge of western power and cultural prestige affected the course of history of all the World's people? Finally a question that we should be asking throughout the semester: how have the patterns of world history over the past 500 years determined or affected 1) the way we now live and think, and 2) our prospects for peace, prosperity, and the "pursuit of happiness" in the coming decades? This course is NOT primarily a narrative survey of civilizations, dynasties...
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...Reasons why Europe Colonized Asia and Africa and not the Other Way Round Student’s Name: Institutional affiliation: Colonization is the governing influence, control or acquiring partial or full political control past another country, occupying it with foreign settlers and manipulating it economically. It also is when a group or society of people migrates from one area to another but keep their original homeland language and culture. Colonialism is establishment and preservation for a lengthy period, of rule over foreign people that are independent from and subordinate to a power ruling. Colonialism takes a variety of forms. There are three basic variations namely; I. Internal colonialism II. External colonization by the neighboring states. III. External colonization This refers to the so called ‘salt and water’ colonization whereby ‘aliens colonized distant places (Keal, 2003). This characterizes Europe’s expansion to America, Africa, Asia and the Pacific. The first wave of European colonization and exploitation started in America in the 15th century until early in the 19th century (Tmh, 2010). It primarily involved the colonization of the Americans by the Europeans. The second extensive phase of European exploratory ventures and colonization was primarily focused on Asia and Africa. It was also known as the era of new imperialism. History of Colonialism in Africa and Asia by the Europeans Between the historical...
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...In Milton Friedman's eyes, competitive capitalism is a superior form of economic organization that guarantees not only economic but also political freedom by separating economic power from the political one. If a free market is allowed to work with its own logic following the law of supply and demand, Friedman contends, it will provide the freedom of choice to individuals that can counteract the possible threat of coercive power. What Friedman does not address, however, is the possibility that an authoritarian government can wield its absolute power in both the economic and the political spheres, promoting capitalism in an international market while curbing democracy. The freedom to make decisions as producers and consumes or as workers and employers can indeed coexist with, and oftentimes overshadows, the lack of choice as a citizen who is formally entitled to participate in politics. In fact, the advance in material life made possible by a more efficient market system obscures the problem of...
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...Industrial Revolution What was changed? | How was the economy changed? | Examples from 1900’s & today | The Decline of Small, Traditional Communities. | This decline would not be known to a person whom had never lived in, or seen a small community like so it is easily overlooked. | 1900’s: in the camps of hunters and gatherers and in the rural villages of Europe and North America, people lived in small communities where life revolved around family and neighborhood.Today: Small, isolated communities still exist in the United States, of course, but are home to only a tiny percentage of our nation’s people. | The Expansion of Personal Choice. | People in traditional, preindustrial societies view their lives as shaped by forces beyond human control – gods, spirits, fate. As the power of tradition weakens, people come to see their lives as an unending series of options, a process Berger calls individualization. | Many people in the United States choose a particular lifestyle, showing an openness to change. Indeed, it is a common belief that people should take control of their lives.1900’s: The choice of religion and community.Today: Being able to choose what school you go to, what clothes you wear, what sexual orientation you are, etc. | Increasing Social Diversity. | In preindustrial societies, strong family ties and powerful religious beliefs enforce conformity and discourage diversity and change. Modernization promotes a more rational, scientific world view as tradition...
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...What major prerequisites allowed the industrial revolution to begin in Britain? Somewhere between 1740 and 1780, Britain experienced a series of rapid economic and social changes. This was to be the beginning of the Industrial revolution. Whilst this revolution would spread to other major countries around the world, it is undeniable that it all started off in Britain. There are many reasons for this, and it is important to note that there was nothing particularly unique about Britain in comparison with the rest of Europe, it was simply a combination of factors came together at the right time for Britain and allowed it to gain a head start in its own industrial revolution. One of the reasons why Britain’s industrial revolution began first actually has a large element of luck involved. Britain was very fortunate in that it had a large amount of natural resources, especially coal, that could be mined. This meant that Britain did not have to rely on foreign trade in order to manufacture their own goods, they could simply mine it for themselves. Iron was another natural resource that Britain was lucky to have in abundance. Both coal and iron would prove to be crucial in the construction of railways, which were vital for transporting resources, goods and people around the country at a much faster rate than had previously been possible. Coal and iron would also be required to build and, subsequently, fuel the factory machines that would manufacture all of Britain’s industrial goods...
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...refers to the slavery and despotism. The Existence of Corporations The answer to the existence of corporations doesn’t refer to certain date or time. The actual existence of corporations refers to what one means by the term as the corporations have existed for several centuries. Surviving in the corporate world generated from the founding generations of farmers and fishermen, owners of land, churchman, etc (Jennings, 2012, p.105). Michael Novak viewed the corporation as a calling (Murphy, 2008) that generated from the business men who have ethical standards on what they were introducing to society. These ethical standards can be of good or evil. The society has great impact over big corporations. Society can make or break a business depending on the products introduced and how successful it can climb in the market (Jennings, 2012, p. 106). Many businesses grow based on their ethical views and how the market will accept the new product that they are introducing. Yet, some corporations sneak through the cracks and take advantage of the market and create nonexistent products. The problem to be investigated is that capitalism is what makes the corporation succeed in today’s market. United States vs. Britain and Europe There are some fundamental differences that are evident between the corporation in...
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...British Pound. But the most interesting difference is the way each country handles their economic policy in such contrasting fashion. This paper looks to show which policies were implemented by each government and the economic theories behind them. Political Economy Comparison: 1) State Ownership UK * The David Cameron administration since 2010 has been fast to privatise and sell off state owned companies. They have recently given an IPO to Royal Mail and are keen to sell other assets including its equity in URENCO. Furthermore, from early January ‘under a new Treasury scheme, members of the public and businesses will be allowed to buy Government land and buildings on the open market (See Reference 1).’ After bailing out Lloyds during the financial crisis the UK financial Investments has reduced its holdings to ‘12.97% as the government began selling of the 43% stake in September 2013 (See Reference 2)’, and a similar process is underway at RBS too. France *...
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...Union, and the United States. Berlin was also divided into four sections. Lack of a mutual agreement on German re-unification was a important background of the Cold War. And on March 5, 1946, Winston Churchill, gave his "iron curtain" speech while at Westminster College in Fulton, Missouri, which marked the start of the Cold War. The cold war did not end until the collapse of the Soviet Union in 1991. During this period, the United States and the USSR confronted each other in politics, economy, ideology, and so on. And they nearly divided this world into two camps, socialist camp and capitalist camp, what made the conflict on ideology especially sharp. Every incident in the world could not happened without reasons, and the original cause may happened quite long ago. So there are long term causes and short causes of the Cold War. One of the short term causes is that the US President had a personal dislike of the Soviet leader Josef Stalin. At the Potsdam Conference starting in late July 1945, serious differences emerged over the future development of Germany and Eastern Europe. At Potsdam, the US was represented by a new president, Harry S. Truman, who on April 12 succeeded to the office upon Roosevelt's death. Truman was unaware of Roosevelt's plans for post-war engagement with the Soviet Union, and more generally uninformed about foreign policy and military matters. The new president, therefore, was initially reliant on a set of advisers. This group...
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