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economic effects of the plague
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If there was ever an important period historians, and people could put a finger on, this would be it. This is the important period where the world’s countries, kingdoms, and dynasties established trade routes. This is the period where countries were made and countries were destroyed because of the importance of trade and the importance of building a fundamental, religious, and economical way of life. This paper will discuss the goals and functions of trades, and traders, and a historical analysis of world trade. This paper will also get into world trade patterns, of The Americas, Sub-Saharan Africa, The Indian Ocean, The Silk routes, China and The South China Sea, Europe and The Mediterranean, and The Atlantic Exploration.
The goals and functions of world trade today vary from when it started. Long distance trading today is a big part of everyday life for us. Most of our products, as you can see, come from China, Japan, Italy and other places across the ocean. Where would we be today if long distance trading wasn’t a part of everyday life? Asia and Europe play a huge part in our lives, and in what we eat, function with, and for children, play with. When long distance trading first started, it wasn’t as important as it is now. Traders mostly supplied goods for the rich who could afford these valuable goods, and afford the long distance accommodations. Supplies like gold, spices, silks, and others were sold to the rich and they were valued depending on weight and distance of the trade. A large part of the exchange economy was local, dealing with crops, and local manufactured products. The only problem with this was that it wasn’t pricey and it didn’t weigh much compared to long distance supplies, which made it difficult to make any profit whatsoever. Sometimes, to help out locals and the upper echelon, goods were traded for other goods instead of money. The most important part of trade was having a market to trade with. If there was no market, there was no business, and if there is no business there was no jobs, and money coming in for locals in that area. (The Worlds History, Spodek, 2001, Ch. 12)
Free market economy, which is still tremendously popular today, as it was when trade first started, is a big part of trade. Free market economy is when traders seek personal benefits by buying supplies an...
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...acteriaceae. It is the infectious agent of bubonic plague, and can also cause pneumonic plague and septicemic plague.”(http://en.wikipedia.org/wiki/Pasteurella_pestis) In 1331 the infection entered China and began to spread, killing enormous amounts of people. This plague wiped out half of China since the Mongols passed through, and because this plague was so horrific, Mongol power weakened as a result of this. Europeans had no immunity toward new diseases, thus wiping out 1/3 of the population that swept across the continent. (The Worlds History, Spodek, 2001, Ch. 12)
When you talk trade, and the foundations of powerful dynasties, you think China. When Marco Polo finally arrived in China in 1275, he described the ruler, Kublai Khan as the mightiest man. China was so advanced with riches, elements, and respect from underlings, that any of these could describe the comments Marco Polo had for Kublai Khan. Still, silk, porcelain, and tea, Chinas greatest products, attracted merchants from all around the world looking to trade.
As stated earlier, managers are constantly faced with uncertainty, which is something many economic models do not account for. In microeconomics for instance, theory assumes that the competitive firm knows the price at which it will sell the product it produces. However, from the decision to produce, to the time of production and to the actual sale there might be a delay. Therefore the price of the product at the time of selling might differ substantially from what was expected (Markowitz. , 1991). According to Markowitz, this uncertainty cannot be dismissed, simply because if managers and investors could predict the future, they would place all their money on one investment – the one with the highest return. With this in mind, Markowitz developed portfolio theory, in which he proves the value of diversification as it reduces uncertainty.
Bentley, J., & Ziegler, H. (2008). Trade and encounters a global perspective on the past. (4th ed., Vol. 1, pp. 182-401). New York: McGraw-Hill.
The United States free trade agenda includes policies that seek to eliminate all restrictions and quotas on trade. The advantages of free trade can be seen through domestic markets and the growth of the world economy. T...
These are all commonplace characteristics of most advertisements which manipulate and persuade the public through print, radio, and television campaigns most of us encounter daily that all attempt to persuade us to buy a product just a few popular examples include Nike, Adidas, Calvin Klein, Old Navy, JC-Penny, Etc...
By 1271, Niccolò and Matteo Polo set out for Asia once again, this time bringing along young Marco. The Polos made way across the Middle East through overland routes later known as the Silk Road. In Description of the World, Mar...
Have you ever heard of "The Great Mortality," or maybe "The Pestilence?" (Facts) Probably not, but you most likely you heard of the Black Plague or Black Death. This infection terrorized Europe from 1348 through 1351, killing between 75 to 200 million people. Most of the people who contracted the infection died 3 days after catching it. Only a few people lived 4 days after exposure (“The Black Death of 1348 to 1350). Those who did pass away had no documentation of their death, so the exact death count is unknown to historians. The infection originated from Asia in north-western China and came to Europe on cargo traveling on the Silk Road. It is now known that the infection came from the bacterium Yersinisa pestis, which lives in flea guts (Szczepanski). When the flea bites, the bacterium transfers the infection to the victim, being humans or most likely rodents. Common first signs are swollen lymph nodes and black cyst on the armpit or groin area ( Szczepanski). Victims acquired symptoms similar to the flu, their blood dropping in pressure, heart rate increases, and a fever emerges out of nowhere (DesOrmeaux). The Black Plague, an infection that killed millions, defaced a religion, and managed to eliminate a 1/3 to 1/2 of Europe's population.
Charles A O’Neil explains how advertising is made of a simple language which includes short words, pictures, symbol and slogans. He writes that advertisements is being edited into its simplicity form which is the advertising language. These advertisements may seem casual and natural but they are carefully made to get our attention into buying what they are selling. “Every successful advertisement uses a creative strategy based on an idea intended to attract and hold the attention of the targeted consumer audience”. O’Neil also lets us be aware that advertisement wasn’t as easy as we thought it was, like slogans have been engineered so that we remember them even if we refuse to, or that images have been carefully chosen
The efficient market, as one of the pillars of neoclassical finance, asserts that financial markets are efficient on information. The efficient market hypothesis suggests that there is no trading system based on currently available information that could be expected to generate excess risk-adjusted returns consistently as this information is already reflected in current prices. However, EMH has been the most controversial subject of research in the fields of financial economics during the last 40 years. “Behavioural finance, however, is now seriously challenging this premise by arguing that people are clearly not rational” (Ross, (2002)). Behavioral finance uses facts from psychology and other human sciences in order to explain human investors’ behaviors.
Prospect theory is a descriptive model concerning the issue of decision making under risk. The theory stated that people tend to made decision by examining the potential gain and loss comparing to reference point and exhibit certain kinds of heuristics and biases in this process such as certainty effect, reflection effect, probabilistic insurance and isolation effect. It also divided choice process into editing phases and the subsequent phase of evaluation, which were modified to framing and valuation phases in the later version (Kahneman and Tversky, 1979, Tversky and Kahneman, 1992).
... for teachers to choose materials that will hook students and motivate them to engage in their own learning. Teachers should provide multiple learning opportunities in which stu¬dents can experience success and can begin to build confidence in their ability to read, write, and think at higher level. By connecting strategies for learning, such as searching, compre¬hending, interpreting, composing, and teaching content knowledge, students are given the opportunity to succeed in their education. These elements include: fundamental skills such as phonemic awareness, phonemic decoding, and other word analysis skills that support word reading accuracy; text reading fluency; strategies for building vocabulary; strategies for understanding and using the specific textual features that distinguish different genres; and self-regulated use of reading comprehension strategies.
Just imagine waking up in squalor, a once prominent society, now a desolate wasteland. All because foreign interest has raped your land of its natural resources and you seen not a cent in profit. Although, globalization is unifying the worlds developed nations and is bringing commerce to nations that have struggle in past years. True, globalization has many positive effects but do the pros outweigh the cons. In this essay I will discuss Globalization ruining the integrity of many countries and also is forcing many undeveloped nations into a bind, and is causing economic distress on some developed nations. Also, due to economic globalization the nations of the world are diluting their culture, sovereignty, natural resources, safety and political system. My goal is not to change your way of thought, but only to enlighten you of the negatives of global economic expansion.
Advertisements are pieces of art or literary work that are meant to make the viewer or reader associate to the activity or product represented on the advertisement. According to Kurtz and Dave (2010), in so doing, they aim at either increasing the demand of the product, to inform the consumer of the existence, or to differentiate that product from other existing one in the market. Therefore, the advertiser’s aim should at all times try as much as possible to stay relevant and to the point.
Creating a creative advertisement that stands out from the crowd is essential for any company’s growth. A common communication strategy is for companies to break through competitive clutter in order to shape consumers attitude and intentions. A creative ad is able to catch the attention of onlookers with the added wow factor. Interest in an ad is influenced by surprise, information and benefits. Comforts fabric softener ad (See appendix 1), is a great example of this as the ad displays a perfect visual for their product with an added touch of humor to draw potential customers attention to the ad. Their ad clearly conveys the message of their product without the need of a
In this information–driven age, preparing students to read a variety of texts with complete understanding should likely be one of our educational system’s highest priorities. Understanding is more than just the ability to produce information on demand (knowledge) or the ability to perform learned routines (skills). “Understanding is the ability to think and act flexibly with what one knows.” (Active Learning Practice for Schools, n. d.) A review of the literature in the area of reading comprehension of elementary-age students shows two principle areas of focus. There is a body of literature that examines the development of proficient vs. struggling comprehenders and another body of literature that compares methodologies for teaching reading comprehension.
Our understanding and the concept of investment in behavioural finance combines economics and psychology to analyse how and why investors make final decision. As an investor one’s decision to invest is fully influence by different type of attitudes of behavioural and psychological ( Ricciardi & Simon, 2000). Yet, in order to maximize their financial goal, investors must have a good investment planning. Furthermore , to gain a good investment planning , there must be a good decision making among investors. They have to choose the right investment plan I order to manage the resources for different type of investments not only to gain profit wise but also to avoid the risk that occur from investment.