Trade and the Columbian Exchange greatly affected the world between 1450 CE and 1750 CE. The Columbian Exchange helped to link the Americas‚ Africa‚ and Europe‚ while huge international trade networks aided in shaping the world. In these trade networks‚ the spice‚ silver‚ slave‚ and sugar trades were especially important in affecting the world. The silver trade became a huge part of the world economy‚ and allowed Europe greater participation in East Asian commerce. Silver was central to world trade
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Ocean dumping Ocean Dumping The practice of ocean dumping should be banned. Marine pollution is at the heart of interest in today’s search for a clean environment. Not only does ocean dumping add to the unsightliness of the once beautiful and pristine waters; it also kills the marine life which inhabits those waters. Pollution on a grand-scale is wreaking havoc on the Earth. The ocean is not an exception. In 1996‚ a bill‚ which would ban the dumping of dredge spoils in the Long Island Sound‚ was
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During the post-classical era (500 CE – 1000 CE)‚ multiple kingdoms developed throughout the Indian Ocean Basin where societal practices of India had a huge impact‚ causing cross-cultural shifts in economical practices‚ religious views‚ and trade‚ resulting in increased population and agricultural growth. India‚ China‚ and East Africa were the three main societies that were impacted. The development of economics was influenced greatly. Most other kingdoms created a money system using coins
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Between 1750 and 1850 was really the age of revolutions. Including the big changes in political revolutions like the American and the French Revolutions‚ there were changes in land use for agriculture‚ transportation and also warfare....also known as Industrial Revolution...this had revolutionary changes in the economic system and global balance of power. Revolutions have seen most of the world within a deep interconnected economic system. To begin between 1750 and 1850‚ most European colonies became
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Ocean Carriers Case Ocean Carriers uses a 9% discount rate. 1. Do you expect daily spot rate to increase or decrease next year? Daily spot rates are expected to decrease next year because 63 new vessels are scheduled for delivery over the next year and imports of ore and coal would most likely remain stagnant over the next two years. Imports of iron ore and coal and the number of vessels available are two big factors of spot rates. 2. What factors drive average daily hire rates?
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Atlantic World 1492-1750 In 1492 to 1750 there were some social and economic changes that occurred between Africa‚ Europe and the Americas across the Atlantic. Continuities were the desire of Europeans for raw materials like sugar and spice. Changes were the enslavement of Native Americans and Africans destroying their societies in the process. The continuities from 1492-1750 were that the Europeans had a strong demand for sugar spice and raw materials .In 1492 Christopher Columbus sailed across
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Between 1450 and 1700‚ attitudes toward the European poor changed dynamically‚ roughly following a three-part cycle. In the late 1400’s‚ the poor were regarded with sympathy and compassion; generous aid from both public and religious institutions was common. By the 16th Century‚ however‚ the poor were treated with suspicion and harsh measures‚ to ensure that they were not becoming lazy‚ using welfare as a substitute for labor. Beginning in the 17th Century‚ the attitudes toward the poor again shifted
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Seas and oceans provide various types of resources to human beings and habitats to numerous species of plants and animals. They play very important roles in the economy of a nation and its people. Still‚ the marine and coastal ecosystems are under severe stress due to human activities. Ocean Resources The ocean is one of Earth ’s most valuable natural resources. It provides food in the form of fish and shellfish—about 200 billion pounds are caught each year. It ’s used for transportation—both travel
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Ocean Carriers Inc. A Case Study By ab Introduction • Ocean Carriers Inc. owned and operated cape-size dry bulk carriers worldwide. • Major Cargo type : Iron ore. • Vessel sizes : 80000 DWT to 210000 DWT. • Cape-size carriers travel around Cape Horn rather than the Panama Canal due to size constraints. Operations Maintenance Maintaining Supplies And on board Stores Supply of Lubricants Cargo Operations Repairs Insurance Business Model • Mostly chartered
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Ocean Carrier Case Study Summary In order to accept the recently submitted leasing contract proposal‚ Ocean Carriers would have to purchase a new ship. The purchasing of a new ship is a considerable investment. We have analyzed whether or not Ocean Carriers should make this investment using Free Cash Flow and Net Present Value (NPV) analysis. Given the details of the contract‚ the forecasted daily time charter rates‚ and the costs data; we have concluded that Ocean Carriers should not accept
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