AFL 112- ECONOMIC DEVLOPMENT OF THE DOMINICAN REPUBLIC
BOROUGH OF MANHATTAN COMMUNITY COLLEGE/CITY UNIVERSITY OF NEW YORK JUAN CARLOS POLANCO, ESQ., MBA FALL 2013 Short Answer five points (50 points)
Please answer the following in three to five sentences.
1. Economic Development- economic development is or can be described as the progress in the economy. Things that can improve the economy or development 2. What is a corporation? How is it an evolution in business models? A corporation is a evolution that most advanced, designed by the government to encentized the people to get a business by allowing the people to get unlimited everything all you lose is what you put in. 3. Monetary Policy- It controls the supply of money in the country and pays attention to the growth of the economy and its stability. 4. Describe the concept of “unbacked currency” Unbacked curreny means that the precious metal coin did not add up to the peso. The paper currency had to represent some sort of metal/ 5. What were papelitos de Lilis? Papelitos de Lilis is when he started printing his own type of money in the Dominican Republic that was unbacked paper. The result of him doing that he put the country in major dept. 6. The Dominican- American Convention and the issue of economic sovereignty- In 1907 America stared helping Dominican Republic out, they were not independent anymore. D.R started following the sdic since they were not stabled and owed plenty of money. The sdic had a ratio of 50:45:5 50% was house collected in the country, served by the bank of N.Y. 45% was to put in the Dominican Republic treasury. 5% was to pay the u.s government/administrative. Dominican Republic did not have no more freedom since U.S took over. 7. Law of Division of Communal- means that more then one family owned the land so they could not have sold the land because everyone had a share, no foreign country can buy or plant a factory or any type of business on that land. 8. The treated of Aranjuarez1777- It divides the island into to nation which was Saint Domain and Dominican republic. 9. The treaty of Basel- was a political economic lost by Spain, the Spaniards lost the island. They sign the island to the French. 10. The treaty of Ryswick- was signed in 1697 an agreement to trade also the colony taxed the good that were being traded. They started to see the rebirth of the island. Essay
As a financial consultant, discuss the managerial deficiencies of the leaders of Hispaniola, Santo Domingo and the Dominican Republic. Namely discuss strategies that failed by the Spaniards under colonial rule, issues under French occupation, as a Haitian territory and later under Dominican sovereignty. Some items to consider including as part of your essay:
The Economic Impact of the wars we discussed.
The impact of the Cuban Ten Year’s War
As a financial consultant I will discuss the managerial deficiencies of the leaders of Hispaniola, Santo domingo and Dominican republic. I will also discuss strategies that failed by the Spaniards under the colonial rule. Some of the issues under the French occupation, as Haitian territory and later under Dominican sovereignty. In 1942 this beautiful paradise named Hispaniola was discovered by Christopher Columbus which is now known as Haiti and Dominican republic. On this island lived nearly several millions tainos. When Christopher Columbus go to the island he had people with him which were the Spaniards. These Spaniards were very happy because it was a beautiful island that had many mountains, river valleys and room for a lot of farming. Since these tainos were so welcoming and peaceful, the Europeans saw this as an advantage to conquer them and the island. Later on all the tainos were demolished and tortured by the Spanish soldiers. By the middle of 17th century Tortuga island was located on the west of...
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