...1) Between the years 1500 and 1800, what were the most important key events or forces that ultimately allowed the Europeans to establish authority in India? In the years between 1500 and 1800, there were many factors and events that led too the strong grasp of European influence and authority in India. In this time period, an international revolution in maritime trade exploded in Europe with the rise of sea power and advancements in navigation and ship building. Many European countries were attracted to India’s wealth of spices, silk, and raw materials and were in competition to exploit them and sell at high prices in Europe. The Mughal Empire in India had a great land army, however, did not possess any degree of marine warfare, and were ignorant and indifferent to the European threats. The Mughal Empire, in control of India at this time, were spread out too thin with many rulers and were not united to handle the onslaught of European influence. The fall of the Mughal Empire in concert with the rise of European power can be described by two main events, with the fall of the structured trade with the ruin of the great Mughal port of Surat, and the possession of the Diwani of Bengal by Britian that gave them economic control in India. All these factors combined to India’s exploitation and soon to administrative authority by European forces. The revolution of international martime trade and the rise of European sea power, the fall of the Mughal trade, and the British grasp...
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...webs.bcp.org Early Modern Empires (1500-1800) Introduction Before we learn about the unlikely and apparently rapid rise of The West during the 19th and 20th centuries, it’s important to understand the powerful empires of the early modern world between 1500 and 1800. Some readers may be surprised to learn about the wealth, thriving global trade, and dominant manufacturing production in Asia that held sway until at least the end of the 18th century. Throughout much of this era, Europe was, in contrast to Asia, an unimpressive backwater of small countries and kingdoms. But Europe’s “discovery” of the Americas and an ocean route to Asia, just before the year 1500, changed all that. The West gradually worked its way into the global economy and planted the seeds for its imperial rise and eventual dominance over most of the modern world. After 1500, world regions—such as West Africa, East Asia, and South America—fused together into one global trade system. For the first time in history, each region of the world now interacted with the others. For example, enslaved African labor was used in South American plantations to sell cheap sugar to Europe. Silver from Mexico bought loans for Spain, and that same silver ended up in China to buy silk or porcelain for Europeans. And so on. A new global system emerged, forged of uneven relationships, in which a small part of the world, Europe, successfully exploited the world’s human and natural resources to its advantage. This was Globalization...
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...The scientific revolution & the Enlightenment (1650-1800) I. The scientific revolution A. Overcoming obstacles 1. Superstation & teaching of the church 2. Francis Bacon & Empirical method (Four steps: ask, experiment, observations, answer) B. Accomplishments in Physics & Astronomy 1. Copernicus (astronomer, mid 1400s to early 1500s) 2. Galileo 3. Kepler (early to late 1500, Denmark, astronomer, Law of Planetary: Plant do not move in perfect circle, Plant do not move at same rate, speed is related to distance) 4. Newton C. Accomplishments in Medicine (Physician> Surgeon (trained by guild system)> Pharmacist (guild)> Barbers>folk medicine or herbalist> hospital (when you are about to die, you go to hospital)) 1. State of Medicine 2. Vesalius (Italian Physician) 3. Paracelsus (Physician) Enlightenment I. Enlightenment & Government A. John Locke B. Baron de Montesque II. Enlightenment & Belief A. Toleration B. Deism III. Ideal Societies A. Adam Smith & the Economy B. Denis Diderot &Knowledge C. Voltaire & Candide IV. Enlightened Absolutism (Frederick the Great (Russia), Catherina the Great (Russia)) A. The Monarch B. Joseph II (1742-1790) French Revolutions (1787-1794) I. Background: Crisis Control A. Financial B. Economic + Agricultural C. Social Inequalities II. 1st Revolution- Moderate (1787-1792) ...
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... Indicates pipe reinforced E H C A=DN B Arrow indicates flow direction D G = Overall Length F = Effective Length Spigot End also known as male end Socket End also known as bell end or female end Flexible Jointed Spigot and Socket Pipe A DN:Inside diam of pipe Minimum B Wall Thickness Light = Medium = Heavy = L M M 225 52 52 52 329 445 58 2000 2100 870 230 90 180 300 55 55 55 410 530 60 2500 2600 1115 400 52 130 375 62 62 62 499 645 73 450 65 65 65 580 715 68 525 70 70 70 665 800 68 600 82 82 82 764 910 73 675 87 87 87 849 1005 78 750 95 95 95 940 80 900 1050 1200 1350 1500 1800 2100 100 100 100 115 115 115 140 140 140 150 150 150 165 165 165 190 190 190 2188 2270 46 245 245 245 2598 2598 0 C Overall pipe diam D Overall socket diam E Projection of socket F Effective length G Overall pipe length H Circumference on centre line I Approx weight/pipe in kgs 1100 1280 90 50 1490 1658 1838 1640 1800 1980 80 80 80 2500 2640 5230 5200 4 10 2500 2500 2640 2640 4210 4710 3660 4300 6 15 5 12.5 1100 1280 1380 2500 2500 2500 2620 2620 2620 2655 3142 3660 1640 2100 2650 13 32.5 10 25 8 20 2500 2500 2500 2500 2500 2600 2600 2600 2600 2620 1373 1618 1869 2158 2394 550 38 95 680 30 75 850 25 62.5 1150 1425 18 45 15 37.5 2500 2500 2645 2645 6250 7360 7400 10500 3 7.5 2 5 J Approx no off pipes/21 ton load K No of meters /21 ton load Length varies Length varies Effective Length Effective Length BUTT END SPIGOT BUTT END SOCKET ROCKER PIPE DOUBLE SPIGOT ...
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...CHAPTER 6 ASSET-LIABILITY MANAGEMENT: DETERMINING AND MEASURING INTEREST RATES AND CONTROLLING INTEREST-SENSITIVE AND DURATION GAPS Goals of This Chapter: The purpose of this chapter is to explore the options bankers have today for dealing with risk – especially the risk of loss due to changing interest rates – and to see how a bank’s management can coordinate the management of its assets with the management of its liabilities in order to achieve the institution’s goals. Key Topic In This Chapter • • • • • • Asset, Liability, and Funds Management Market Rates and Interest Rate Risk The Goals of Interest Rate Hedging Interest Sensitive Gap Management Duration Gap Management Limitations of Hedging Techniques Chapter Outline I. II. Introduction: The Necessity for Coordinating Bank Asset and Liability Management Decisions Asset/Liability Management Strategies A. Asset Management Strategy B. Liability Management Strategy C. Funds Management Strategy Interest Rate Risk: One of the Greatest Asset-Liability Management Strategy Challenges A. Forces Determining Interest Rates B. The Measurement of Interest Rates 1. Yield to Maturity 2. Bank Discount Rate C. The Components of Interest Rates 1. Risk Premiums 2. Yield Curves 3. The Maturity Gap and the Yield Curve D. The Response of Banks and Other Financial Firms to Interest Rate Risk One of the Goals of Interest-Rate Hedging A. The Net Interest Margin B. Interest-Sensitive Gap Management 1. Asset-Sensitive Position 2. Liability-Sensitive...
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...CHAPTER 6 ASSET-LIABILITY MANAGEMENT: DETERMINING AND MEASURING INTEREST RATES AND CONTROLLING INTEREST-SENSITIVE AND DURATION GAPS Goals of This Chapter: The purpose of this chapter is to explore the options bankers have today for dealing with risk – especially the risk of loss due to changing interest rates – and to see how a bank’s management can coordinate the management of its assets with the management of its liabilities in order to achieve the institution’s goals. Key Topic In This Chapter • • • • • • Asset, Liability, and Funds Management Market Rates and Interest Rate Risk The Goals of Interest Rate Hedging Interest Sensitive Gap Management Duration Gap Management Limitations of Hedging Techniques Chapter Outline I. II. Introduction: The Necessity for Coordinating Bank Asset and Liability Management Decisions Asset/Liability Management Strategies A. Asset Management Strategy B. Liability Management Strategy C. Funds Management Strategy Interest Rate Risk: One of the Greatest Asset-Liability Management Strategy Challenges A. Forces Determining Interest Rates B. The Measurement of Interest Rates 1. Yield to Maturity 2. Bank Discount Rate C. The Components of Interest Rates 1. Risk Premiums 2. Yield Curves 3. The Maturity Gap and the Yield Curve D. The Response of Banks and Other Financial Firms to Interest Rate Risk One of the Goals of Interest-Rate Hedging A. The Net Interest Margin B. Interest-Sensitive Gap Management 1. Asset-Sensitive Position 2. Liability-Sensitive...
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...HISTORY 1500 WINTER 2014 RESEARCH ESSAY TOPICS 1. Select a crusade and discuss the extent to which it accomplished its objectives. Why did it succeed or fail? Jonathan Riley-Smith, The Crusades: A Short History; Carole Hillenbrand, The Crusades: Islamic Perspectives; Christopher Tyerman, God’s War: A New History of the Crusades 2. How did anti-Semitism manifest itself in medieval Europe? Kenneth R. Stow, Alienated Minority: The Jews of Medieval Latin Europe; Mark R. Cohen, Under Crescent and Cross: The Jews in the Middle Ages; Solomon Grayzel, The Church and the Jews in the Thirteenth Century 3. What was the position of prostitutes in medieval society? Ruth Mazo Karras, Common Women; Leah Otis, Prostitution in Medieval Society; Margaret Wade Labarge, A Small Sound of the Trumpet: Women in Medieval Life 4. Why did the French choose to follow Joan of Arc during the the Hundred Years War? Kelly DeVries, Joan of Arc: A Military Leader; Bonnie Wheeler, ed., Fresh Verdicts on Joan of Arc; Margaret Wade Labarge, A Small Sound of the Trumpet: Women in Medieval Life 5. Discuss the significance of siege warfare during the crusades. You may narrow this question down to a single crusade if you wish. Jim Bradbury, The Medieval Siege; Randall Rogers, Latin Siege Warfare in the Twelfth Century; John France, Victory in the East: A Military History of the First Crusade 6. Why did the persecution...
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...Africa 10 frica lies south of Europe and southwest of Asia. Geographically it is about three times the size of the United States, excluding Alaska and Hawaii. At its northeast corner is Egypt, which is connected to the Sinai Peninsula—and hence to the Asian continent by a very narrow strip of land. This is the only spot where Africa touches another continent; otherwise, it is surrounded by water. The Mediterranean Sea separates it from Europe in the north; the Red Sea and Gulf of Aden lie between it and the Arabian Peninsula to the east. Two vast bodies of water—the Indian Ocean on the eastern side, and the even larger Atlantic on the west—surround the remainder of Africa. A Why Africa is important One of the greatest civilizations of all time, Egypt, was in Africa. Perhaps the only ancient civilizations that can be compared with it are those of Greece and Rome, which were influenced by it. Egypt, of course, has had its own chapter in this series; and Carthage, in North Africa, is also covered elsewhere. The focus of this chapter is entirely on Africa south of the Sahara 283 Map of Africa. XNR Productions. The Gale Group. Desert—that is, sub-Saharan Africa—as well as on the desert itself. That desert would have an impact on African history right up to the modern day; so, too, would the African civilizations of ancient times. There was the kingdom of Kush, which developed its own form of writing and briefly ruled Egypt; the kingdom of Aksum, an important trading...
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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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...specific puzzle of the timing and location of the Industrial Revolution, McCloskey has come to a stunning epiphany. This is that incentives explain very little of the huge gaps in wealth across the world. Growth is a cultural production, a society wide embrace of “bourgeois virtues.” Specifically, she claims, growth came because the activities of marketing, profiting, and innovating have become in our society uniquely respected, admired and praised. The rise of the Bourgeois Virtues has created societies such as those of Northern Europe, so primed for growth that even though the grabbing hand of the state is on every shoulder, people continue to produce and innovate. I fully agree with McCloskey about the surprisingly poor ability of incentives alone to account for growth. In order to hold on to the central idea that the 10,000-year delay in the Industrial Revolution from the first appearance of settled agriculture was created by a lack of incentives, economists have to maintain the collective fiction that all societies before 1800 were run along the lines...
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...1.1 The Concept of Business and Profit (slide 2) Introduction: Alberta tar sands: Oil. lack of water, lack of energy. Major companies: Suncor Energy Inc., Canadian Natural Ressources Ltd., Petro-Canada and Syncrude Canada Ltd. Producing thousands of jobs and millions of barrels. Voisey’s bay: Nickel mining project. Labrador, Newfoundland. building a new smelter, innu population asks 3% royalty. Provided job for around 1000 people, will drop to 400 after. Profit or problem? * Business: organization of people that produces or sells goods or services for profit. * Profit: what remains after a business’s expenses have been subtracted from its revenues; it rewards the owners of taking the risks involved in investing their time and money. * A loss: a negative profit. * Examples of profitable companies: 2005: RBC ($3.3 bil.), Manulife Finacial ($3.2 bil.) and Imperial Oil Ltd. ($2.6 bil.) * Non-profit organizations can be seen here too as they give something to the owner. In this case, motivation is not profit, but personal satisfaction throughout volunteerism, others through representing their constituents in public office. * Business owners essentially want to be rewarded by profit to open their business. Try to find something that people will pay them to do. * Consumer demand: what they want or need; no matter how efficient, a business will not survive if no one asks for what it can give. * Good business: will identify unmet consumer needs...
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...DRAINAGE he term drainage describes the river system of an area. Look at the physical map. You will notice that small streams flowing from different directions come together to form the main river, which ultimately drains into a large water body such as a lake or a sea or an ocean. The area drained by a single river system is called a drainage basin. A closer observation on a map will indicate that any elevated area, such as a mountain or an upland, separates two drainage basins. Such an upland is known as a water divide (Figure 3.1). Sr ea m B 3 T Sr ea m A W at er Di vi de subcontinent. Accordingly, the Indian rivers are divided into two major groups: • the Himalayan rivers; and • the Peninsular rivers. Apart from originating from the two major physiographic regions of India, the Himalayan and the Peninsular rivers are different from each other in many ways. Most of the Himalayan rivers are perennial. It means that they have water throughout the year. These rivers receive water from rain as well as from melted snow from the lofty mountains. The two major Himalayan rivers, the Indus and the Brahmaputra originate from the north of the mountain ranges. They have cut through the mountains making gorges. The Himalayan rivers have long courses from their source to the sea. They perform intensive erosional activity in their upper courses and carry huge loads of silt and sand. In the middle and the lower courses, these rivers form meanders, oxbow...
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...which shows the combinations of two or more goods and services that can be produced whilst using all of the available factor resources efficiently". Following diagram shows Production Possibility Frontier: C A Output of good Y B Output of good X b) The PPF curve is bowed out from origin because when the company allocate more recourses to produce good Y, they reduce the same resources from the production of good X. The amount of resources forgone from X to produce good Y is called opportunity cost. When the extra output that will get from allocating more recourses to good Y may fall this is known as diminishing return. This sometimes happen because all factor inputs are not equally suited to produce all goods. However when the opportunity cost of producing two goods are constant the PPF curve will be a straight line. Following diagram shows straight line PPF curve. Output of good Y 200 Y 160 X 60 90 Output of Good X c) Opportunity cost is the next best value forgone in order to make a decision. According to (Wilkinson, 2005) "opportunity cost is the cost of forgoing the next most profitable use of the resource, or the benefit that could be obtained from the next-best use". Law of increasing opportunity cost explains increasing...
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...CONTENTS CHAPTER 1: INTRODUCTION…………………………….. ................................................................ 4 1.1 1.2 1.3 1.4 DEFINITION OF D ERIVATIVES .....................................................................................................4 O RIGIN OF DERIVATIVES ............................................................................................................4 DERIVATIVES IN I NDIA ..............................................................................................................5 TWO IMPORTANT TERMS .............................................................................................................6 Spot Market ........................................................................................................................................................7 Index ......................................................................................................................................................................7 1.4.1 1.4.2 CHAPTER 2: DEFINITIO NS OF BASIC DERIVATIVES ............................................................... 8 2.1 FORWARDS...............................................................................................................................8 Settlement of forward contracts ............................................................................................................9 Default risk in forward contracts ...........................................................
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...Managing in the Global Environment Compulsory formative assignment Assignment code: 904MGEV.1 | Answer 1 : (a) Total Product Curve Labour (workers per week) | Output (toys per week) | 1 | 10 | 2 | 30 | 3 | 60 | 4 | 100 | 5 | 150 | 6 | 210 | 7 | 260 | 8 | 300 | 9 | 330 | 10 | 350 | (X-axis = labour , Y-axis =Output) (b) Average Product of Labour (APL) APL = Output/Labour Labour (workers per week) | Output (toys per week) | (Output / Labour)APL | 1 | 10 | 10 | 2 | 30 | 15 | 3 | 60 | 20 | 4 | 100 | 25 | 5 | 150 | 30 | 6 | 210 | 35 | 7 | 260 | 37.14 | 8 | 300 | 37.5 | 9 | 330 | 36.67 | 10 | 350 | 35 | (X-axis = labour , Y-axis =APL) Labour (workers per week) | Output (toys per week) | Marginal Product of labour MPL | 1 | 10 | 10 | 2 | 30 | 20 | 3 | 60 | 30 | 4 | 100 | 40 | 5 | 150 | 50 | 6 | 210 | 60 | 7 | 260 | 50 | 8 | 300 | 40 | 9 | 330 | 30 | 10 | 350 | 20 | (c) Marginal product of labour (MPL) : MPL = Change in Output / Change In Labour (X-axis = labour , Y-axis =MPL) Labour (workers per week) | Output (toys per week) | Average Product of Labour APL | Marginal Product of Labour MPL | 1 | 10 | 10 | 10 | 2 | 30 | 15 | 20 | 3 | 60 | 20 | 30 | 4 | 100 | 25 | 40 | 5 | 150 | 30 | 50 | 6 | 210 | 35 | 60 | 7 | 260 | 37.14 | 50 | 8 | 300 | 37.5 | 40 | 9 | 330 | 36.67 | 30 | 10...
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