two-thirds being held overseas‚[5] representing an annual growth rate of about 7.6%. However‚ as of De- cember 2006‚ the dollar was surpassed by the euro in terms of combined value of cash in circulation. The value of euro notes in circulation had risen to more than €610 billion‚ equivalent to US$802 billion at the exchange rates at the time. Euro The euro (currency sign: €; banking code: EUR) is the official currency of the European Union’s Eurozone‚ which consists of 13 European states (Austria‚ Belgium
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The Euro Currency Market The European Union ’s currency‚ the euro‚ "is now in use by 12 nations with a total population of 300 million people in an economic zone two-thirds the size of the US economy" (Posen‚ 2005). According to Posen (2005)‚ since its introduction on January 1‚ 1999‚ the euro has been readily accepted both at home and in global capital markets. "Several nations in eastern Europe and around the Mediterranean are eager to join the euro zone or peg their national currencies
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Between the period from 1880 to 1914‚ European powers went after overseas empires in Africa. The governments and political leaders of the European powers believed that this colonization of the African empires was necessary to maintain their global influence. A second group of people supposed that African colonization was the result of the greedy Capitalists who \only cared for new resources and markets. The third group of people claimed it to be their job to enlighten and educate the uncivilized
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The 17th and 18th centuries saw the embryonic stage of women’s quest for intellectual and social parity with men. The evolution of women’s fight for equal opportunities was bogged down by a long history of stereotyping and condescension. Women were weaker physically‚ bore children and nurtured them. The economics and culture of Europe at this time was strongly influenced by religion and resulted in prejudice against women. The dominating religions of Europe in the 1600’s and 1700’s
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Prescribed Subject 2: The emergence and development of the People’s Republic of China (PRC)‚ 1946 to 1964 1. (a) According to Source A‚ Mao wanted to start a technological revolution in China for several reasons. Firstly‚ he believed that after the anti-feudal land reform‚ agricultural co-operativization‚ and the socialist reconstruction of private industries‚ commerce‚ and handicrafts‚ a technological revolution would be the logical next step. Confirming this state of mind is Mao’s quote
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During the 17th century there were many colonies settled in the New World. One thing most of these colonies had in common is the fact that almost all of them were settled by the English. If one were to focus mostly on the New England and Chesapeake colonies‚ one would find that although they were settled by similar people‚ they ended up splitting for very different reasons. The New England colonies were searching for religious freedom from the Church of England‚ whereas the Chesapeake colonies were
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Comparing and Contrasting the Roman Empire and the Han Dynasty Throughout history‚ many powerful empires and dynasties have ruled. Some ruled for hundreds of years‚ while others lasted for shorter time periods. All of these ruling powers had a great impact on their country’s development. The way they governed their people and kept in power were often very different but they often achieved the same goals. The Han Dynasty‚ which ruled China from 206 B.C.E. to 220 C.E and the Roman Empire‚ which
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The Mongol empire of the 1200s remains a sort of anomaly to this day. Their unconventional war tactics and nomadic way of life defied all other empires that were in existence at the time. However‚ their strategies proved extremely successful‚ and they were able to establish the largest empire the world had ever seen in a mere 20 year span. The unification of Asia (excluding India) under the strict rule of the Mongols brought about a period of relative peace and of economic improvement. While there
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During the 17th and early 18th centuries‚ the English colonies had commonalities and differing influences when it came towards unity‚ such as‚ safety‚ welfare‚ governing‚ and religion. Most colonies’ influence will be safety and welfare. Other colonist’s influence will be the political system and religion played a role in some colonies. A common influence that caused colonies to strive for unity in the 17th and 18th centuries would be safety and welfare. The pilgrims when arriving at a harbor saw
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“I see the belief in the need for family‚ the welcoming spirit and the general culture of the country reflected in myself and my family.” Hannah Harvey People move around the world for different reasons and they vary from love to war. These motive are put in three categories social political and economical and this movement can change the world in a big way. As one may know the African slaves came over to the New World forced and unpaid‚ But they did get the new world’s economy jump started‚ and
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