Commanding Heights Episode 1 Summary Stephanie Watford The first episode of Commanding Heights begins by showing a world with a global economy that is then torn apart by World War I. Following World War I two young economists emerged that hoped to solve the world’s economic troubles‚ John Meynard Keynes and Friederich Hayek. Keynes put forth the belief that a government in times of economic despair should spend money and go into a deficit in order
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Commanding Heights Episode 1 Journal In the first episode of Commanding Heights‚ it begins by showing the world with a global economy that is tremendously suffering by the World War 1 events. After World War I‚ two extremely cerebral economists tried to solve the world’s economic troubles‚ John Meynard Keynes and Friederich Hayek. Keynes had the belief that a government in times of economic despair should spend money and go into a deficit in order to build the economy back up and then when the
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2/8/11 Commanding Heights Journal #1 The commanding heights documentary episode one was actually quite pleasing. I do enjoy documentaries‚ and this was one I really had no prior knowledge of. I believe it will help me see a different side of economics. What stood out to me the most in the film was how post world war one‚ they believed more government control meant better economic outcome. This makes sense of why we had a rise in dictators‚
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Commanding Heights Episode 3 Commanding heights: The New Rules is the third film in the series and is about the 21st century economy. PBS sponsored the film under the direction of Michael Sullivan to inform the public about the economic situation. They speak about how the economy adapted to what is today. How the world nationalized third world countries allowing exchange and investment. Episode 3 addresses the current and future problems of a globalized world. That’s the structure of the film.
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Udita Upadhyaya Roll Number 82 Executive Summary: Commanding Heights • Episode 1: The Battle of Ideas begs a comparison between socialism and capitalism. • It traces the world’s economic history from the early 1900’s to the events following 9/11. • Asks the question which is a better and more foolproof economic system government control or free markets? • It delves into how the First World War impacted two brilliant economists‚ Keynes and Hayek. And then follows
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Commanding Heights: The Battle for the World Economy is a six-hour documentary from PBS purporting to inform the viewer about economics: what have been the different ideologies about managing the market‚ how did we get where we are now‚ and what is the nature of the modern world economy? It’s certainly an interesting topic and one that’s worthy of a thorough‚ in-depth‚ objective exploration. However‚ Commanding Heights has a fatal flaw‚ which can be concisely expressed in three words: conflict of
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political organization. People were looking for something better during this time and that something came in the form of socialism and communism. Western civilization was fascinated by this idea and started owning or regulating the so-called ‘commanding heights’ of the economy. During the period between two World Wars‚ the world experienced the collapse of capitalism and each part of the world tried to manage through by adopting either socialism or communism. Socialism promised a more just society
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Greg DalSanto Dr. Gregory Arburn Macroeconomics March 11‚ 2010 Commanding Heights: The Battle for the World Economy As I began to watch the documentary‚ I was a little apprehensive being that it was six hours long; however‚ it proved to be an excellent video that provided me with a detailed history about our world’s changing economies. From the different viewpoints of John Maynard Keynes and Friedrich von Hayek‚ to overall wealth increasing in the 1900’s but its unequal distribution increases
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The purpose of this paper is threefold‚ first to provide a synopsis of the third episode of the PBS video ‘Commanding Heights’‚ second to assess the success or failure of NAFTA and its implications for U.S. economy and in the future.‚ and thirdly to explain the three most important issues faced by the WTO and the World Bank. SYNOPSIS The third episode of the Commanding Heights series is titled “The New Rules of the Game” and examines the growth of globalization from the 1990’s through today
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Commanding Heights -the battle of ideas that divides our world -gov’t or market control? -communism promised good future to people (after WWI) -Keynes was advicing the UK gov’t on how to utilize money - he was trying to get money from the bankrupt Germany to pay for what they did -Borden thought it was a waste of time -France and Belgium said that the Germans should pay for what they’ve done -in 1919 Vienna was a poor country after it lost in the WWI -Socialism promised that concerns
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