Philosophy emerged as an alternative or innovative type of thinking that harbored a path towards logical reasoning rather than following stories of religions and deities. Greek philosophers began to contemplate the world and the ideas behind it which led to experimentation‚ discovery‚ and further questions and understanding. Greek philosophers such Pythagoras‚ Socrates‚ Plato‚ Aristotle‚ and others paved the way for advances in science‚ logic‚ reasoning‚ mystic beliefs‚ mathematics‚ moral and ethical
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Federal reserve chairman game Using the concepts you’ve been studying‚ describe how the game shows the use of monetary policy? Based on the monetary policy‚ the authority controls the supply of money through targeting the interest rate to promote economic growth and stability. Having relatively low price level and less unemployment rate are the main goals. Therefore‚ this game also adjusts the federal interest rate in order to retain the lowest unemployment rate and improving the economic
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large amount of investors were attracted by and confident in this strategy‚ it raised $1.3 billion totally. From 1994 to 1996‚ LTCM were extremely successful during the first couple years. In 1994‚ it earned 28% after fees in 10 months. The strategy worked excellently for LTCM in 1995 and 1996‚ it produced 43% and 41% return on equity and had amassed an investment capital of $7.5 billion. LTCM placed large bets on convergence of European interest rates within the European Monetary System. By 1997
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brought many architectural innovations to the world‚ and their art influenced art for many centuries. Roman art includes architecture‚ painting‚ sculpture and mosaic work. In this short Learning Journal I will discuss how did the purpose of the sculpture and painting of Rome differ. Roman sculpture was heavily influenced by Greek sculpture. In fact‚ many of the Roman sculptures were just copies of Greek sculptures. But the Roman sculpture was created to serve a purpose: namely‚ to impress the public
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On Wednesday‚ The Federal Reserve increased interest rates by a quarter of a point: This increase in conjunction with the rate increases over the next several years are likely to move through the U.S. economy‚ slowly increasing mortgage rates. Expect Small‚ Gradual Rate Increases However‚ Federal policymakers stress that these increases will be small and gradual; furthermore‚ should the economy falter‚ policymakers stress that they will pull back so as to alleviate the impact on businesses and consumers
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archeologists have come up with varied theories that are aimed at explaining what could have led to the collapse of the Mayan Civilization. The most notable ones are starvation and climate change. Archeologists have come to learn that the Maya people were in more instances than one subjected to a series of droughts which normally occurred when there was not enough rainfall to sustain the vegetation. Since they did not have any technology for fetching underground water‚ the Maya people completely relied on
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central banks whose duties are essentially like those of the Federal Reserve‚ namely‚ to exert control over the direction and extent of changes in the money supply. The aim of all central banks is also the same. They want to keep their economies supplied with the "right" amount of money. If money supplies are scarce‚ the economy will suffer as if it were in a straitjacket. Households and business alike seeking in vain for credit from their banks‚ and householders and business alike contracting their
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Overall‚ it can be seen that the Tacoma bridge collapse occurred due to a number of crucial decisions made by engineers‚ contractors and the government. The extent to which these decisions were ethical depends on the ethical stance being considered. Economically‚ the government favoured reducing costs as opposed to the safety and quality of the bridge. Similarly‚ the contractors accepted the contract for a design that they were not able to fully complete and had to make changes when constructing
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civilization. Also‚ churches detached from government and only a small portion of whites were member of churches. This was caused from decline in commitment to the church because they were considered too formal or traditional. This spurred the Second Great Awakening; the opposition of religious rationalism and encouraging church establishments (Brinkley‚ 2012). Politics Thomas Jefferson believed in a national government that was to be limited in power. The federal government should only have the powers
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Greenlandic Norse society started to collapse because of many different factors‚ including changes in climate and economy. The collapse of society in Greenland caused the Norse to disappear from Greenland around the 15th century‚ and sail to Newfoundland and Labrador because they thought life would be better there. Eirik the Red‚ a Norwegian explorer‚ first sailed to Greenland around 985 CE‚ and then returned to build a society‚ settling there along with other explorers from Norway who came to Greenland
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