...of The Bahamas The economy in The bahamas suffered drasticaly until certain recent events which impacted The bahamas economy greatly. Jobs were hard to find, poverty was on the increase and many were left hungry. Some of the events in bahamian history that impacted the bahamian social and economic development were the civil war,the blockade running, the prohibiton, wrecking, exporting of goods{fruit,vegetables,sponges,sisal,tobacco,shells},and the plaiting of palmetto and silver top trees for exports. Very often bahamians used situations in America to increase their income as in the blockade-running during the civil war and also the prohibition. The first week of the civil war president lincoln declarded a blockade of Civil war which Great Britain's textile industry depended on, southern cotton (clothing,and yarn), so it favoured the Confederacy. Lincoln knew that it was vital for the south to receive war matierals such as guns and ammunition, medicine and clothing via its ports. He figured that if southern ports were blockaded, the entire economy and war effort there would collapse, and northern states would win the war. British ships could not reach southern ports because the Union was blockading them. To gain access to this import, blockade runners in sleek, fast boats would travel the 560 miles from Charleston to Nassau with loads of cotton. Here, they would meet up with British vessels and trade their cotton for the goods that the British ships carried. Returning...
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...countries. The Opium War was the first step designed to open China along with its markets and resources for exploitation. The War itself physically opened China. However, it was the aftermath of the War that exposed China, economically, socially, politically and ideologically to the outside world. The unequal treaties signed after the Opium War were the primary mechanisms to open China. • Treaties and Their Effects The Treaty of Nanjing (August, 1842) and supplement treaties (July and October 1843) signed between the British and the Chinese were the first of the humiliating "unequal treaties". It radically increased the openings for trade in China and expanded the scope of British activities. The treaties opened five ports, Canton, Fuzhou, Xiamen, Linbou and Shanghai to conduct foreign trade as treaty ports. A war indemnity of 21 million Mexican dollars was to be paid by the Chinese government. Hong Kong was surrendered to the British, giving the British a base for further military, political and economical penetrations of China. The surrender of Hong Kong breached China's territorial integrity. The Treaty stated that all custom duties must be negotiated with other countries. It therefore took away China's control of its own customs. Furthermore, the import duties were lowered from 65% to 5%, this effectively shattered China's home industries. The Nanjing Treaty...
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...Running the economy TMA 2 (Part 1, 5 questions – 1000 words) (Part 2, essay question – 1600 words) PART 2 Making use of the chart in Figure 1, and the two extracts below, and illustrating your arguments using the IS diagram, discuss some key advantages and disadvantages of using fiscal and monetary policy to tackle the situation facing the UK in spring 2013. Source: Bank of England (2013) Figure 1 UK base rate January 2000 to March 2013 Fall in manufacturing fans UK triple-dip recession fears (Reuters, 12 March 2013) British manufacturing output fell in January at the fastest pace since June, reinforcing fears that the economy has tipped into its third recession since the 2008 financial crisis. The decline in manufacturing, and downbeat GDP estimates from a respected think-tank, will add to pressure on Chancellor George Osborne to come up with measures to revive growth in his annual budget next week. Britain’s economy contracted in late 2012, endangering the government’s plans to bring its spending in line with its earnings and contributing to the loss of the country’s prized triple-A credit rating. If economic activity shrinks again this quarter – as looks increasingly likely – Britain will be back in recession. The National Institute of Economic and Social Research (NIESR), which last month predicted that Britain would avoid a triple-dip recession, said on Tuesday it was now a close call. It estimated the economy shrank 0.1 per cent in the three months...
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...How far do sources 1, 2 and 3 suggest that in the years 1945-59, the Conservative and Labour parties held radically different views on the nationalisation of British industry? (20 marks) Between the years of 1945 and 1959, there was much speculation as to whether or not there was a consensus or conflict between the Labour and Conservative parties in regards to their views on Nationalisation. Sources 1 and 3 completely disagree with each other. On the one hand, the first source is Clement Attlee, the leader of the Labour party in 1945, saying that something has to be done and that nationalisation is the way. Contrastingly, source 3 is from the Conservative party manifesto. It chooses privation over nationalisation, and therefore presents both parties as holding radically different views on the British industry, each with their own ideas. However, source 2 offers a variegated approach, with Hugh Gaitskell, the leader of the Labour party in 1959, showing the parties as having less radically different views, as he talks about a mixed economy, private and national, being perhaps a wise move on behalf of the government. Sources 1 and 3 agree, overall, that both the Labour and Conservative parties held radically different views on the nationalisation of British industry. Source 1 was taken from a speech by Clement Attlee, the leader of the labour party at the time. In 1945, the country was in economic ruin and a social divide was severely evident. Clement Attlee, alongside the Labour...
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...Unit 2 Assignment 1 Task A 1. The aim is what an organisation is trying to achieve. The objective is the steps that are taken to achieve an aim. Examples of aims: * Increasing market share * Growth of profit * Survival 2. SMART objectives: * Specific: Clear objectives of what they want to achieve; * Measurable: The organisation has to measure whether they could achieve or not; * Achievable: the organisation sets up objectives so he could achieve it; * Relevant: To assess if what they are going to do it’s going to be as they forecasted; * Timed: it’s the deadline when they set to achieve it. 3. The purpose for setting aims and objectives is to have a clear view of what the organisation is going to do, so that every member of the organisation is going to easily follow it and all of them to work towards the same target. Another purpose would be to give the organisation focus, achieve efficiency, helps plan strategies, gives a basis for assessing performance and allows managers to monitor performance and make changes if necessary. 4. The first person that is interested in an organisation’s aims and objectives is the owner, and after the stakeholders: they could be investors and shareholders. Because they also have invested money in the business. Investors They are the people that put money in an organisation/business and expect that the profit will be high and the risk will be low. They are also concerned about the...
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...Congolese native, Jemmy, led a rebellion against South Carolina's slave owners. The Stono Rebellion, as their movement was called, was the culmination of long-running grievances among the colony's black slaves. Political rivalry between Spain and Britain fostered revolts among British-colony captives. The rebellion highlighted the vulnerability of South Carolina to slave revolts In the years preceding the Stono rebellion, South Carolina’s plantation economy forced the British to import thousands of slaves directly from Congo into their colonies. The number of slaves exceeded that of their masters and was pivotal to the colony’s economy. The Spanish king recognized that this vast population of slaves could be an important ally. To this end, he offered freedom to escaped British slaves. The amnesty was aimed to destabilize British colonies by...
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...British Pound (GBP) Executive Summary A nation’s currency can be affected in many ways including economic, political, social and cultural events related to particular country. The exchange rate will move positively or negatively dependent on how adversely each of these factors cause change to the currency’s spot rate. Throughout our evaluation of the Great British Pound, we were able to track and measure how each of the factors caused change in the currency’s value. Over the past four months we have seen a significant decrease in the value of the British Pound. As will be explained in this paper, many different factors caused downward pressure to be placed on the currency. Expected changes in the political structure of Britain causes some to feel unwavering about the future, especially when the current monetary and fiscal policies are not resulting in a positive outlook for the economy and especially the vale of the currency. Supply and demand for the currency will change as the currency appreciates and depreciates due to the country’s varying stages of surplus’ and deficits. These and other economic forces will be developed throughout the paper to analyze and interpret how the British Pound has changed over the first couple of months in 2013. Historical The pound sterling, commonly known as the pound (GBP), is the official currency of the United Kingdom. It is the oldest currency still in use as it was created in the Anglo-Saxon period where it was equivalent...
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...Discuss the effectiveness of the Confederate blockade-runners and why they were able to sustain the Confederacy until late in the Civil War. Early in the Civil War blockade-runners were skilled in the art of evading the many warships. There were several factors that contributed to that success. The first being the North was not able to accomplish a full blockade of the confederate states. Although, “ships were purchased by the Navy Department and re-rigged to carry out blockade duties,” there were still disadvantages that kept them from running effectively. They were not able to operate efficiently or effectively in shallow water near land because of their deep draft, and they were too slow and cumbersome to chase or catch the blockade-runners....
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...in a day; it was the result of numerous events that gradually caused the colonists to be more and more indignant towards British rule. The French and Indian War-also called the Seven Years’ War-started in 1756 and ended in 1763. Even though the British were victorious, gaining a large amount of territory, their triumph increased trouble with the thirteen colonies. The war expenses were enormous, and so Great Britain endeavored to impose taxes upon the colonists. The Sugar Act, Revenue Act, and the Stamp Act were put into effect. This only succeeded in intensifying the colonist’s resentment towards the British attempts to make larger their imperial authority. The subjects in the American colonies had become accustomed to running their own affairs, thus they were getting ever more impatient....
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...best in the world. There is no other country in the world with such a powerful range of museums, this tell us how much of a strong reputation Britain holds of having Excellent museums, Museums and galleries are key drivers of British tourism and play a significant role in attracting visitors and in building the British brand overseas. The British Museum has been established for 262 years being established for this long will mean they will be recognized and generally accepted. This museum is ranked 4th in the world, this is very impressive because compared to the other countries such as USA and China who are big nations and for the UK an island to be among them is great. According to the Association of Leading Visitor Attractions (ALVA) The London British Museum is the most popular visitor attraction in the UK, we know this because they have a record of 6,695,213 total visits a year (2014). Which is the highest figure recorded out of 40 museums in the UK. The London British Museum attracted 3.8 million visitors from abroad in 13/14 compared to attracting 3.6 million visitors from abroad in 12/13, as you can see there was an increase of 200 thousand visitors and this could suggest that there is increased demand from people abroad wanting to go to London British Museum in 2013-2014. Total Number of visitors coming to the museum in 13/14 is 6.8m and 3.8m of those are visitors from abroad but they didn’t state how many domestic visitors have visited the museum so I have concluded that...
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...Africa’s population and most of African territory (5 million square miles) where under British control. By doing this Britain was able to gain the ‘Lion’s share’ over the other European powers which were competing for control in Africa. On the other hand by the end of the 20th century Britain’s influence in its African empire had shrinked dramatically. The process of colonization which mainly took part between 1870-1914 and decolonisation which started from the end of the Second World War until 1981 took place due to many and various reasons. Some of the reasons include Imperialistic and nationalistic feelings of the British people and of the Afrikaners , military conflicts, political actions and economic reasons. This essay will try to prove that the most important reason which influenced British relationship with its empire in Africa between 1870-1981 were economic reasons to a great extent as each and every action of the British leaders concerning Africa was either purely based on economic interest or had an indirect economic motive. To begin with before the 1870’s British policy towards its African empire was mainly focused on informal imperialism. This type of control was mainly focused on trading agreements as Britain did not establish territorial control. The primary purpose focused on purely economic interests. However everything changed during the period of the 1870s. The shift of British policy towards formal imperialism reflected a significant shift in Britain’s relationship...
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...Entrepreneurial Finance MN50577 Case Study: Angels in British Columbia Presented to Dr. Christos Kolympiris By Kreangkai Suktavorn ID: 159180705 Words : 998 Semester 2/2015-2016 Angels in British Columbia The primary objective of this report is to provide a recommendation for change in existing British Columbia tax programs. The principle of these proposals is to increase qualifying angel and venture capitalist investment to encourage economic growth and development, as well as preventing market failure in BC. In this report, an analysis of the VC programs will be demonstrated, and it will select “Simplify” option as a recommendation for change. BC's economy heavily bases on the creation of new small business and expansion of existing ventures. These SMEs represented 98% of all business in the province. To enhance and diversify BC’s economy, the Investment Capital Branch administrated Equity tax credit program. There were four major equity tax programs, which are (1) Employee Venture Capital Corporations (EVCCs), (2) Retail Venture Capital Corporations (Retail VCCs), (3) Angel VCCs, (4) EBC program (see Table 1). Table 1: Overview of BC Tax Credit Programs We conclude that Venture Capital programs are fundamentally beneficial to both federal and provincial governments. This conclusion bases on two reasons: (1) firms in VC programs generate more taxes than they utilize equity tax credit, and (2) firms continually create new jobs. However...
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...In January 2009 the government gave the go-ahead to British Airports Authority (BAA) building of a third runway at Heathrow Airport. BAA, is the stakeholder of the airport, which defined an individual or group that has an effect on and affected by the activities of an organisation. Malcolm and Andrew (2011,p 308) There are three main reasons explained why the third runway is indeed needed. Firstly, release the workload of running at 99% capacity to satisfied current and forecast demand. Secondly, develop the competitiveness and UK economy in the competitors’ airports. Lastly, reduce the risk of working on the aviation industry once the existed runways have some problems then the Heathrow would lose business. This essay will show some stakeholders in favour as well as some stakeholders against for the event, Meanwhile, analyse the impact of the expansion at Heathrow on different stakeholders. Then, it will evaluate the common interests and conflicts with multiple stakeholders. The government is the most powerful stakeholder due to it had the power to decide whether the decision of expansion is carried out. The government considers that the new third runway would promote actively the economy. It will allow Heathrow to maintain its position as a global hub, create thousands of new jobs, generate economic growth and help UK businesses who need access to other major trading partners such as China and America. (Bized.co.uk, 2013) The government claimed that, the expansion of the...
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...through moral, financial, and manufacturing support. Although many Americans today believe that the Civil War was an internal conflict, in reality, foreign nations played a significant role throughout the entirety of the war. Though many people may think that the American Civil War was only between the North and the South, while in reality, it was an international event. The country that was the most influential throughout the course of the war was Great Britain. Although this country was officially considered neutral, the citizens of this nation found many different ways to aid the war. The British provided assistance to both sides of the war, but they mainly aided the Confederacy. Britain “did provide significant assistance in other ways, chiefly...
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...During the time period 1750-1900 innovations in Britain led to the start of what is now known today as the industrial revolution. This revolution allowed for more efficient agriculture production, job opportunities in factories, and more. Industrialization led to a stronger economy in the countries that were part of this movement, allowing these countries to gain strength and momentum. The major responses to industrialization were successful to the fullest extent because of the results of industrialization in Europe, Americas, and Africa. Industrialization started in Great Britain, making Europe one of, if not the most powerful, imperialist powers. Europe’s responses were consistently successful in a number of ways. One being the accumulation of traded goods....
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