...The Spanish and English cultures were scarcely similar and notably different because of the ways the settlers made their strong economies and who ran the government. The English and the Spanish were very different in the ways that they made their strong economies. The English societies were set up on the coast with very fertile soil for farming. The English was originally a communal society which meant the whole community owned the same land. In this society everyone had worked together. Two years later the communal society was not high in the production of the products so the community had to make a change. The community had divided land ownership to individuals which had help the economy grow. The English had made slight income through fur trading and fishing, but a large amount of their income was made through trading crops and cattle. The English traded with New Amsterdam to have manufactured goods in return. When the Spanish had come to the Americas they were further west than the English and their soil was not as fertile. There were many natives that already lived were the Spanish had settled who were forced to work as slaves along with the Africans. The slaves were shipped to Spain which was a way of income. The slave trade had gone all the way from the island of Hispaniola to the Caribbean: Puerto Rico, Jamaica, Cuba, and the Bahamas. Slavery was a large source of income for the economy of the Spanish. Nonetheless in 1542, the Spanish had outlawed enslavement, but sadly...
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...The Latin American wars of independence were notably conducive to the decline of the Spanish Empire however, the decline can not be attributed singularly to the Latin American wars of Independence as there were other subsidiary factors involved. The Latin American wars of independence were a series of revolutions within South America causing Venezuela, Ecuador, Argentina, Uruguay, Paraguay, Chile, Peru, Mexico, Haiti and Columbia to become independent countries. These wars drained the Spanish Empire’s resources, enforcing its decline in the early 19th century. Prior to the wars of independence, poor economic conditions, the destruction of the Spanish Armada, as well as an imperialistic overstretch between territories, resulted in contributing to the downfall of the Spanish Empire. Colonial mismanagement in the Spanish Empire acted as a precluding catalyst in causing the Latin American wars of Independence, thus contributing to the fall of the Spanish Empire. The Latin American wars of Independence, whilst an influential factor in the decline of the Spanish Empire, were not the sole determinant in causing the downfall of the Spanish Empire. The Latin American wars of independence contributed to the fall of the Spanish Empire to a considerable extent, being the final element amongst other collective factors which ultimately resulted in the collapse of the Spanish Empire. During the 17th century, there were many indications of Spain’s erosion of power; the collapse of the empire...
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...The Spanish flags flew high over the city of Natchez, the high bluffs protect the city and white, fluffy cash crop cover the land for all the farmers outside of the Fort. People traveling down the flowing Mississippi River stop to trade at the commercial buildings along the River. The Spanish impact on Mississippi is by far the most effective in colonizing the state because of Fort Natchez, trade and strengthening the economy. The Spanish had the most success in colonizing Mississippi with Fort Natchez. Natchez was a prime location because of the fertile soil deposited by the River and protection from the high bluffs. According to a Mississippi history now article,”Clusters of commercial and residential buildings had sprung up(in Natchez)”(Elliott) which allows for the city to develop by promoting trade. People might stop at the city on their way down the Mississippi River to make trades before going to cities like New Orleans. The city grew in size and became the largest in Mississippi. Spain developed the city of Natchez better than the other countries that had control of it at some point. Others may argue that the Spanish were weak within the Fort because they lost control of it to the British in the French and Indian War. However, the French “strained their relationship with the local Natchez” (Elliot) leading to a massacre that killed...
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...Francisco FRANCO in 1975, and rapid economic modernization in 1986, which gave Spain a dynamic and rapidly growing economy and made it a global champion of freedom and human rights. More recently the government has had to focus on measures to reverse a severe economic recession that began in mid-2008. In this report I will discuss the history, demographics, major products Spain benefits from, attitudes, beliefs and religions practiced in the country, their main language societal organization and economic development of the country. At the conclusion of this report, it will be known that Spain is a country that the U.S. and other countries will continue to do business with. Spain has a long rich history with earliest signs of inhabitants going back to 800,000 BC. By 1200 BC North African and Celtic tribes settled on the peninsula creating a Celt-Iberian race. In turn, areas of Spain were colonized and fought over by the Phoenicians, Greeks, Carthaginians, Romans and the Goths. Moorish armies from North Africa invaded the peninsula in the 8th century AD and defeated the last Visigoth King and created Europe's only Muslim territory. They conquered large parts of the country finding strong resistance only in small Christian kingdoms in the north. In 1469 Isabella of Castalia and Ferdinand of Aragon married. With that, they united two Christian kingdoms. The Spanish inquisition was born of the desire to "re-Christianize" the newly unified Spain, where thousands of Jews and Moors...
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...partner for Australia, both in the business sphere and in international relations (Smith 2010). While Spain's foreign policy has traditionally focused on the European Union (EU), the Mediterranean and Latin America, it is now broadening its diplomatic and commercial presence in the Asia-Pacific. In recent years, the Australian and Spanish Governments have reinforced growing trade and investment links by evolving policy dialogue on areas of shared interests (Downer 2009). Australia as well makes an excellent trade and investment partner for Spain in the Asia-Pacific region. Australia is a stable parliamentary democracy. The society is open and transparent, and the rule of law, so fundamental for sound business operations, underpins the Australian political and economic arrangements. Australia offers a safe environment in which to make business. Private property rights are secure. The courts have judicial independence. The public services are effective and efficient. Strong and mature national institutions are a key factor behind the favourable business perception of Australia (A G, Department of foreign affairs and trade 2012) The need to be a modern economy has long been recognised by Australian policy makers. Australia certainly has world famous agricultural and mining industries, but it also has a sophisticated services and manufacturing base. Indeed, services and manufactures now account for almost half the total value of the Australian exports. And it has an strong communication...
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...Aztec Vs Spanish (Comparison Essay) The Aztecs and the Spanish were both dominant groups in their region, and both had very long and prosperous civilizations. But when the two groups met up, who would prevail?? It was in 1519 that the clash of the century occurred. Spanish conquistadors led by Hernan Cortes met up with the Aztecs in Tenochtitlan, and ultimately conquered the city and empire, leaving the Aztecs as slaves working their own land to benefit the Spanish Crown. Even though the Spanish obviously seemed much more powerful, the Aztec people actually had many similarities to their conquerors. Firstly, both civilizations relied heavily on religion and made most decisions based on their religious beliefs. Yet there were also many differences in the worldviews of these people. I think that the biggest elements we can compare between the Aztec and Spanish civilizations are how their societies functioned. In many ways, their social hierarchies were similar, but also quite different. Lastly, it is important to take a look at the education received by people in each group, to better understand their societies. First, it is crucial to recognize how these two societies operated, which brings our focus...
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...lead to a consolidation of the financial systems. The strengths and weaknesses of the financial sector will be analyzed in order to see the changes needed to maintain its competitive position. The first part of the paper will briefly explain the subprime crisis, origins and impact on the financial world as new form of contagion. In the second chapter the consequences of the subprime crisis in the Spanish banking sector will be described. The last chapter of the thesis will present an analysis of the reforms made, using legal intervention. It will be concluded with a general point of view regarding the present situation of the Spanish banking system, the potential results of the current measures and the perspectives of new reforms. Contents 1 | Introduction | | 2 | Introducing the Subprime Crisis i. The subprime crisis: origins and evolution ii. Implications of the mortgage bubble The Spanish Banking sector: Before and after i. The evolution of Spanish economy until the Subprime Crises ii. A unique model in Spain: Banks and Spanish Savings Banks iii. Spanish economy snapshotThe change in the banking sector regulation | | 3 | * Banking regulatory failure and moral...
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...recession, Spain's economy likely would be going through a rough patch now due to the country's overheated housing market; with the recession, it is also suffering from a banking crisis and an industrial slump. Analysis Spain's unemployment rate rose from 13.9 percent in the fourth quarter of 2008 to 17.4 percent in the first quarter of 2009, increasing the ranks of the unemployed to more than 4 million, according to National Statistics Institute (INE) figures released on April 24. Spanish Economy Minister Elena Salgado said that the first quarter of 2009 will be the worst in terms of increasing unemployment. The International Monetary Fund (IMF) predicts that unemployment in Spain will reach 17.7 percent in 2009 and 19.3 percent in 2010, but the INE figures seem to indicate that unemployment could exceed 20 percent by the end of 2009. Of all the European countries, Spain has in many ways been one of the most gravely affected by the global economic crisis. Even without the global recession, Spain would most likely be undergoing a correction this year due to its extremely overheated housing market. But it is facing a severe housing market correction, an industrial slump, and a banking crisis caused by the housing correction and the recession's overall effects -- simultaneously. These three ingredients make for one bitter stew. As the first large Western European country to be severely tested by the crisis, Spain can serve as a case study for the other European economies, foreshadowing...
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...The Spanish and English colonialism started in the early 16th century exploring the new Western side of the world. With both counters expanding their kingdom with colonizing around the world led them to having same similarities and differences along the way. The things that were similar was the colonies was that they both had conflicts with the Native Americans and started colonizing to make their empires bigger for the crown. The differences were how the countries governed their colonist and their economy. One of the main differences between the two countries colonies were how they interacted with the Indians. The English saw them self above the Indians and they did not take the Indians as intelligent people so they would not marry one of...
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...1. What factors enabled the Spaniards to take over the Aztec and Inca empires? The factors that enabled the Spaniards to take over the Aztec and Inca empires were that all three were similar in administrative structures and had a similar link between secular and religious power. Moreover, the people of the Aztec empire hated the Aztec conquerors, which made it easier for the Spanish to make allies to overthrow the Aztec. Also, the Spaniards benefited from total chaos due to disease. 2. What is the mita? How did the Incas use it? How did the Spaniards use it? Mita is the forced labor draft imposed by the Inca then the Spaniards on the indigenous people. The Inca used it to build roadways and public buildings. The Spanish used 1/7th of the adult...
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...The Age of Exploration and colonization bright about changes in European economy which, begun in 1450 and lasted until 1700. The economy wasn’t only a big part motive for exploration, but it had many economic effects. The new trade routes o Asia, the transatlantic slave trade, mercantilism and, the Commercial Revolution. Under manorialism and feudalism, in the middle Ages the economy consisted of local, small-scale trade hat was no organized nor extensive. The Spanish established an extensive and elaborate empire in the Americas; this empire covered the entire western coast of South America, the whole Central America, the Caribbean, Mexico, and a few parts of the United States, which included New Mexico and Florida. This colossal domain...
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...an arduous task, especially since 2008 when the world economy collapsed. The fall of Lehman Brothers created an atmosphere of uncertainty which five years later has still not been completely stabilized. However, as of today, the markets are starting to recover, viewing 2014 as the year of the final recovery. Growth expectations have been predicted in the Eurozone and the recent decrease of the interest rates to a historic low has reinforced the aggressive expansive policy set by Draghi. Spain is one of the countries which has suffered the most from the described events. Nevertheless the austerity policy followed by the government in the last few years seems to be convincing the markets, which are starting to view Spain as one of the potential investments to make in the next few years. In general predictions seem to be quite confident on its recovery, although on the other hand the economy is not reacting as quickly as it was expected. The objective of this essay is to analyze different aspects of the Spanish economy in order to conclude whether we may or may not expect economic growth in Spain for the year to come. Deflation Risk The reduction in the interest rates has confirmed the fears that the ECB may have about a possible deflation in the near future. Although Draghi is trying to convey a message of serenity arguing that deflation is not a possible scenario, the press is waking the ghosts of the Japanese economy. Spain in fact, is facing inter-annual deflation as in...
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...then took over the land with no permission from the natives. When the Spanish took over there was no actual economy so they made one this economy flourished. They increased agriculture and mining, crafting cash crop plantations mainly sugar. However they later lost interest and moved to the Americas, for the silver and other valuable resources. Then France took over the eastern part of Hispaniola which is now modern day Haiti. With the Spanish gone and French in charge Hispaniola fell into a terrible poverty...
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...Spain Spain and its brief History Spain was first called as Iberia, name give by its inhabitants from North Africa. The name was given after the river Iber. When the Greeks arrived on the Spanish soil they called it Hesperia meaning ‘land of setting sun’ and when the Carthaginians took over the land they named it Ispana meaning ‘land of rabbits’. When the Romans arrived they named the land as Hispania and later on this became the present day Spanish name Espana. Spain was initially controlled and ruled by the Roman Empire for three hundred years. Later on a group of people called Visigoths fought with the Romans, defeated them and ruled over Spain for more than two hundred years. Spain, officially known as Kingdom of Spain is a sovereign state and a member of the European Union. Spain is located in the Iberian peninsula in Southwestern part of Europe. Spain has an area of 505992 sq kilometers, making it the 2nd largest country in Western Europe and the 5th largest in Europe. Spain is a democratic country with a parliamentary government under constitutional monarchy. It is the 13th largest economy in the world in terms of nominal GDP. According to a survey in 2012, total population in Spain is 47.27 million and its official language is Castilian Spanish (spoken by 75% of the population). Spain is located in Southwestern Europe bordering Mediterrainian Sea, North Atlantic Mountains, Southwest of France, Pyrenees Mountains and Bay of Biscay. ‘La Tomatina’...
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...SPAIN COUNTRY REPORT 1. SPAIN – COUNTRY OVERVIEW Country Administrative information Official Country Name Kingdom of Spain Capital Madrid Government Parliamentary monarchy President of the government (current) Jose Luis Rodriguez Zapatero Demographic Factors Population (2010) 46,030,109 Median age 40.5 years Religion Predominantly Roman Catholicism Economic indicators Currency Euro(EUR) Real effective exchange rate index Base: 2005(100) Inflation rate 3.5% (As of May 2011) GDP per capita (2010) 30,782(US$ at PPP) Unemployment rate (2010) 20.1% Real GDP growth (2010) -0.1% 2...
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