...The nation's economy was healthy during the 1960’s; however, it started declining as we moved into 1970 (Schultz, 2013). The decline eventually led to the end of the post-War World II economic boom. A large part of the reason for the weakening of our economy was due to manufacturing moving to the South and West along with the rise of foreign competition. Also, the political issues going on during that time with Nixon led many Americans to wonder who could be trusted. Still, in the economic recession, the tax money received was less, and the government was having to borrow extra money to balance the nation's budget. In 1971, President Nixon implemented a peacetime wage along with placing a pricing freeze on goods which created short-term...
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...The Culture of Terrorism The thesis of this paper is that the attacks of 9/11 were the catalysts of a world culture of terrorism that is used by propaganda and censorship to blur the politics of globalization and technology, and restructure a totalitarian society. This paper will argue that the businesses of “the U.S. media shill factory” (Borjesson, 2004, p.165), the plottings of the “brand based” (Klein, 2000, P.421) corporations, and the multi-national oil giants influence sectors of government by using deliberate strategies of censorship and propaganda to discredit government effectiveness, alienate populations, and seize control. What is the correlation between censorship and propaganda? “Intelligent men must realize that propaganda is the modern instrument by which they can fight for productive ends and bring order out of chaos” (Bernays, 1928, p.168). Censorship is the “suppression of information, whether purposeful or not, by any method-including bias, omission, underreporting or censorship-that prevents the public from understanding what is happening in society” (Borjesson, 2004, p.419). Since there are different kinds of information or knowledge in society that need to be forbidden because they are harmful to certain groups or to the moral understanding of ethics (i.e. the use of drugs, pornography, assault weapons), what rationale legitimizes suppressed information as forbidden? The principle is “to bring order out of chaos” by using propaganda, “the conscious...
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...AMERICA Written by: Tammy L. Anderson To appear in: Harrison, L., Anderson, T., Martin, S., and Robbins, C. Drug and Alcohol Use in Social Context. Belmont, CA: Wadsworth Publishing -1- A HISTORY OF DRUGS AND ALCOHOL IN THE UNITED STATES Introduction The purpose of this chapter is to review the history of drug use and its social control in the United States so that students can gain an improved and thorough understanding of today’s problems and policies. Our approach to this matter is sociological, i.e., exploring how the interconnection between culture, social institutions, groups, and individuals function to create drug-related phenomena. A sociological approach integrates many kinds of social, cultural, political, and economic factors that manifest themselves in everyday life. While pharmacology helps us comprehend how specific drugs impact brain activity, sociology can inform us about the social roots of drugrelated behaviors which ultimately shape beliefs and behavior and motivate social policy. Therefore, a review of drug use in the U.S. and the social response to it must consider many diverse phenomena. This broader framework will move us beyond domestic borders and into the international community, for the history of drug abuse is an international, socio-political marvel. Another idea warrants mentioning before we begin our history lesson. It centers on the idea that drug use and abuse are socially constructed phenomena. In other words, the meaning ...
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...| | SHANGHAI FINANCE UNIVERSITY SCHOOL OF INTERNATIONAL ECONOMICS AND TRADE [pic] DEPARTMENT OF INTERNATIONAL ECONOMICS AND TRADE INTERNATIONAL MONETARY SYSTEM The History of IMS and its Potential Reformulation Introduction to IMS, Evolution of IMS, Beginning of Bretton Woods and Ending, Dirty floats, Current situation and Reformed Monetary system WINNIE PAUL NDOSA (2011178102) 12/24/2013 |The History of IMS and its Potential Reformulation | | | |Introduction to IMS, Evolution of IMS, Beginning of Bretton Woods and Ending, Dirty | |floats, Current situation and Reformed Monetary system | | | |WINNIE PAUL NDOSA (2011178102) | |12/24/2013 | Introduction The year 1252 marked the minting of the very first gold coin in Western Europe since Roman times. Since this landmark, the international monetary system has evolved and transformed itself into the modern system that we use today. Th...
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...I know I’m dating myself by writing this, but I remember the middle class. I grew up in an automaking town in the 1970s, when it was still possible for a high school graduate — or even a high school dropout — to get a job on an assembly line and earn more money than a high school teacher. “I had this student,” my history teacher once told me, “a real chucklehead. Just refused to study. Dropped out of school, a year or so later, he came back to see me. He pointed out the window at a brand-new Camaro and said, ‘That’s my car.’ Meanwhile, I was driving a beat-up station wagon. I think he was an electrician’s assistant or something. He handed light bulbs to an electrician.” In our neighbors’ driveways, in their living rooms, in their backyards, I saw the evidence of prosperity distributed equally among the social classes: speedboats, Corvette Stingrays, waterbeds, snowmobiles, motorcycles, hunting rifles, RVs, CB radios. I’ve always believed that the ’70s are remembered as the Decade That Taste Forgot because they were a time when people without culture or education had the money to not only indulge their passions, but flaunt them in front of the entire nation. It was an era, to use the title of a 1975 sociological study of a Wisconsin tavern, of blue-collar aristocrats. That all began to change in the 1980s. The recession at the beginning of that decade – America’s first Great Recession – was the beginning of the end for the bourgeois proletariat. Steelworkers showed...
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...4/23/2014 Topic 8: The Roaring Twenties I. The Business Landscape & A Decade of Prosperity A. Consumer Impulse Vitalizes the Economy - Electricity > Courtesy of Thomas Alva Edison > Economy of the 1920s spurred by the introduction of affordable appliances to make domestic life less taxing > You name it: refrigerators, ranges, washers, vacuum cleaners, fans, razors, etc. > Almost a built in obsolescence – as newer & improved models came rolling off the lines – necessitating a new purchase every few years - Radios (principle means of media) - Automobiles > Cars introduced around turn of century (1900) > In the twenties – Henry Ford, using the technique of the mass assembly-line construction – introduces the Model-T – that was eminently affordable > New vehicle registrations will jump from 8 million in 1920 to 23 million in 1930` > Increased car production has ripple-effect in the economy - Supportive industries flourish – rubber, oil/gasoline, advertising, road construction, car parts, etc. B. New Ways to Make, Organize & Market Products - Make (Production) > Ford’s introduction of assembly line techniques to spur other industries to do same > Workers not expected to craft a product from start to finish but assigned to stations…performing repetitive and simpler tasks for entire shifts > Introduction of electric lighting...
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...reluctant to take a student from such a little known high school.1 He transferred to the University of California at Berkeley, where he received a degree with highest honors in 1935 in northern California. He later transferred to the University of California, Berkeley, the same University which turned down his application for enrolment and graduated with a bachelor's degree in 1935 with highest honors. It was during his studies at Berkeley, that he met his fiancé’ Dorothy Emily Webb. The two got married on 6th July 1937. Dunlop continued studies at the University where he earned his PhD in Economics in 1939, delivering the dissertation “Movements of wage-rates in the business cycle”.2 In 1937, he went to Cambridge University, England, to study under the British economist John Maynard Keynes whose ideas were so influential and revolutionary; that a school of thought was developed called Keynesian economics which serves as a sort of benchmark that defined virtually all economists who came after him. During their stay there, Dunlop and his wife shared a...
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...FAMILY OF SECRETS The Bush Dynasty, America’s Invisible Government, and the Hidden History of the Last Fifty Years RUSS BAKER Contents Foreword by James Moore 1. How Did Bush Happen? 2. Poppy’s Secret 3. Viva Zapata 4. Where Was Poppy? 5. Oswald’s Friend 6. The Hit 7. After Camelot 8. Wings for W. 9. The Nixonian Bushes 10. Downing Nixon, Part I: The Setup 11. Downing Nixon, Part II: The Execution 12. In from the Cold 13. Poppy’s Proxy and the Saudis 14. Poppy’s Web 15. The Handoff 16. The Quacking Duck 17. Playing Hardball 18. Meet the Help 19. The Conversion 20. The Skeleton in W.’s Closet 21. Shock and . . . Oil? 22. Deflection for Reelection 23. Domestic Disturbance 24. Conclusion Afterword Author’s Note Acknowledgments Notes Foreword When a governor or any state official seeks elective national office, his (or her) reputation and what the country knows about the candidate’s background is initially determined by the work of local and regional media. Generally, those journalists do a competent job of reporting on the prospect’s record. In the case of Governor George W. Bush, Texas reporters had written numerous stories about his failed businesses in the oil patch, the dubious land grab and questionable funding behind a new stadium for Bush’s baseball team, the Texas Rangers, and his various political contradictions and hypocrisies while serving in Austin. I was one of those Texas journalists. I spent about a decade...
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...PAUL KRUGMAN WINNER OF THE NOBEL PRIZE IN ECONOMICS THE RETURN OF DEPRESSION E C O N O M CS AND T H E C R I S I S OF I 2 0 0 8 ISBN 9 7 8 - 0 - 3 9 3 - 0 7 1 0 1 - 6 W USA $24.95 CAN. $27.50 hat better guide could we have to the 2008 financial crisis and its resolution than our newest Nobel Laureate in Economics, the prolific columnist and author Paul Krugman? In his prescient 1999 classic, The Return of Depression Economics, Krugman surveyed the economic crises that had swept across Asia and Latin America and pointed out that they were a warning for all of us: like diseases that have become resistant to antibiotics, the economic maladies that caused the Great Depression were making a comeback. In the years that followed, as Wall Street boomed and financial wheeler-dealers made vast profits, the international crises of the 1990s faded from memory. But now depression economics has come to America. When the great housing bubble of the mid-2000s burst, the U.S. financial system proved as vulnerable as those of developing countries caught up in earlier crises—and a replay of the 1930s seems all too possible. In this new, greatly updated edition of The Return of Depression Economics, Krugman shows how the failure of regulation to keep pace with an increasingly out-of-control financial system set the United States and the world up for the greatest financial crisis since the 1930s. He also lays out the steps that must be taken...
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...Chapter I The Problem and Its Background Introduction 333 years of Spanish Colonization. 42 years of New Worlds Domination. Almost 3 years of fear made by the Samurai’s aggression. These are mighty periods that strengthen the pillars for the creations a mighty Malayan Empire in the Pacific. Inhabited by different races, a melting pot, Philippines rise from the dust of a monumental failure to a proud-gallant nation. For almost half a century of foreign domination, half century of foreign exploitation, Philippines became a ripe fruit on the Asian Tree. A proud valiant archipelago of grandiose and influences, Philippines became a melting pot, a land where too many different races took part for the development of the land. Strategically located in the heart of the Pacific, Philippines is a stepping stone. Different foreigners will be first to land in the Filipino soil before passing other Asian Countries. Geographically located in the tropic, Philippines is vested by different natural resources. Philippines, a pebble on the shoe of other Great Asian Agricultural Countries, is also a great trading empire; not only in the Asian Trade but also with the International Trade. Known as a nation rich in Tropical Fruits, Philippines showcased her greatness in International Trade as she become leading Banana and Mango exporter in Asia. Also a renowned Rice Bowl of South East Asia, Philippines sheltered the development of world-class agricultural researches that would benefit not only the...
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...The (un)Official United States History Cram Packet This is not intended as a substitute for regular study ……. But it is a powerful tool for review. 1494: Treaty of Tordesillas – divides world between Portugal and Spain 1497: John Cabot lands in North America. 1513: Ponce de Leon claims Florida for Spain. 1524: Verrazano explores North American Coast. 1539-1542: Hernando de Soto explores the Mississippi River Valley. 1540-1542: Coronado explores what will be the Southwestern United States. 1565: Spanish found the city of St. Augustine in Florida. 1579: Sir Francis Drake explores the coast of California. 1584 – 1587: Roanoke – the lost colony 1607: British establish Jamestown Colony – bad land, malaria, rich men, no gold - Headright System – land for population – people spread out 1608: French establish colony at Quebec. 1609: United Provinces establish claims in North America. 1614: Tobacco cultivation introduced in Virginia. – by Rolfe 1619: First African slaves brought to British America. 15. Virginia begins representative assembly – House of Burgesses 1620: Plymouth Colony is founded. - Mayflower Compact signed – agreed rule by majority • 1624 – New York founded by Dutch 1629: Mass. Bay founded – “City Upon a Hill” - Gov. Winthrop - Bi-cameral legislature, schools 1630: The Puritan Migration 1632: Maryland – for profit – proprietorship 1634 – Roger Williams banished from Mass. Bay Colony 1635:...
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...Any randomly chosen group of people asked to list the most dangerous of these, would include among their immediate answers: “The Drug Problem”. By the “Drug Problem”, do they mean the proliferation in our communities of all illicit, mood-altering, physically dangerous drugs? Or do they really mean the accompanying problems bought on by these proscribed substances: crime and the threat of crime, violence, disease, the growing number of users on public welfare, the loss of productivity to the country’s industry, the congestion of the court system, the over-crowding of our penal institutions, the diversion of our tax dollars from more productive areas, the corruption of our law enforcement agencies, and directly and indirectly the erosion of our civil rights? Since I am confining this paper to discussing the laws prohibiting marijuana use, I will concede that it fits the first two categories above; i.e. it is by law, illicit, and by its nature, mood-altering. With the third category we enter upon shaky ground. There is no scientific proof that the prolonged use of marijuana exacts a greater physical toll on the user than the equivalent abuse of nicotine or alcohol. Under the name Extract of Cannabis, marijuana was once widely used medicinally in the United States, and still has minor medicinal uses in other countries. There is only one species - Cannabis Sativa - which yields both a potent drug and a strong fiber long used in the manufacture of fine linen as well as canvas...
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...Gold Fundamental Report February 2012 Disclaimer This report has been prepared by the Knowledge Management Department of NCDEX Limited for the purpose of information dissemination. The facts are reported from publications and have not been checked for authenticity. NCDEX and its employees will not be responsible for any decision taken by the reader based on this report and are adv advised to take independent advise on the commodity(is) dealt in this report . For more information contact Ashwin Dilip Vidhate Knowledge Management Group NCDEX Ltd. ashwin.vidhate@ncdex.com +91 022 6640 6836 2 Table of Contents 1. Introduction ....................................................................................................................................................................................... 4 2. Gold supply ........................................................................................................................................................................................ 5 Gold supply: Indian scenario............................................................................................................................................................ 14 3. Gold demand ..................................................................................................................................................................................... 15 Gold demand: Indian scenario ..................................................
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...NY 10016 www.oup.com Oxford is a registered trademark of Oxford University Press All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior permission of Oxford University Press. Library of Congress Cataloging-in-Publication Data Eichengreen, Barry J. Exorbitant privilege : The Rise and Fall of the Dollar and the Future of the International Monetary System / Barry Eichengreen. p. cm. Includes bibliographical references and index. ISBN 978-0-19-975378-9 1. Money—United States—History—20th century. 2. Devaluation of currency—United States—History—21st century. 3. United States—Economic policy—2009– 4. Financial crises—United States—21st century. I. Title. HG540.E33 2010 332.4′973—dc22 2010018239 135798642 Printed in the United States of America on acid-free paper CONTENTS 1 2 3 4 5 6 7 Introduction Debut Dominance Rivalry Crisis Monopoly No More Dollar Crash Notes References Acknowledgments Index EXORBITANT PRIVILEGE CHAPTER 1 INTRODUCTION The...
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...in the nineteenth century and irst half of the twentieth century. hese “market-disorder” views emphasize excessive risk taking in inancial markets and the need for government regulation. he present book argues for the alternative “monetary-disorder” view of recessions. A review of cyclical instability over the last two centuries places the 2008–2009 recession in the monetary-disorder tradition, which focuses on the monetary instability created by central banks rather than on a boom-bust cycle in inancial markets. Robert L. Hetzel is Senior Economist and Research Advisor in the Research Department of the Federal Reserve Bank of Richmond, where he participates in debates over monetary policy and prepares the bank’s president for meetings of the Federal Open Market Committee. Dr. Hetzel’s research on monetary policy and the history of central banking has appeared in publications such as the Journal of Money, Credit, and Banking; the Journal of Monetary Economics; the Monetary and Economics Studies series of the Bank of Japan; and the CarnegieRochester Conference Series. His writings provided one of the catalysts for the congressional hearings and Treasury studies that led to the issuance of Treasury Inlation Protected Securities (TIPS). Dr. Hetzel has given...
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