deregulation led to schemes of market manipulation in 2000 and 2001 by major energy companies‚ including Enron Corporation. The philosophy of egoism emphasizes that decisions on what is right or wrong are based on the choice which best serves the self-interest of the decision maker. This approach says that individuals make choices based on the benefits they gain from them. In the documentary‚ “Enron: The
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Soviet Union fell including a stagnant economy‚ new reform policies‚ or general dismissal of communist ideology. Many of the issues that were either unresolved or worsened stem from Mikhail Gorbachev reign as General Secretary from 1985 until the collapse in 1991. While there were a plethora of issues surrounding the Soviet Union‚ Gorbachev seemed to be the focal point of where things went from bad to worse. Though Gorbachev had the Soviet
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The Enron and World Com Scandals Enron 1. The board directors failed their fiduciary obligation to protect their shareholders‚ employees‚ and business partners by allowing high risk accounting‚ inappropriate conflict of interest‚ expenses undisclosed off the books activity‚ excessive compensation‚ and lack of independence between the company‚ and board members. I feel the segment that got Enron into trouble was the Executive and finance committee (Brooks). 3. I do believe that they
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realm and to some extent for the peasants. After his death Karl Knutsson became king of Norway and Sweden as he was the Swedish anti-king before. Denmark instead chose Christian I. of Oldenburg in 1448‚ who had the support of the Hanse and led to a collapse of the Kalmar Union. A time of war and chaos followed as Denmark fought against Sweden from 1451 until 1456 and a rebellion awakened in 1464. The fighting continued until Denmark and Sweden came to a peace treaty in 1473 – again signed in Kalmar
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The Collapse of Communism in Eastern Europe The collapse of communism in eastern europe can be based on three disticnct factors. Factor 1: People Power May: Hungary opens its borders with non communist Austria. Hungarians had already been granted the rights to free travel. However many east germans started using this route to get to west germany. June-August: protests against communist rule In poland continue throughout the summer. In august‚ communist party leaders agree truly free elsections
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The Weimar Republic started in 1919 to substitute the German empire. The name came from the city of Weimar. The Weimar Republic had faced a lot of problems through those fourteen years such as not continuing their alliance with the winners of the First World War‚ hyperinflation‚ and political extremists. They had also stopped some of the demands of the Treaty of Versailles. The Reichstag Fire Decree was basically the start of the Communist revolution which led to the elimination of the constitutional
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In Jared Diamonds book Collapse‚ he talks about different issues that can hurt the environment. These issues varied from environmental damage‚ climate change‚ hostile neighbors‚ and friendly trade partners‚ but most importantly is how society responds to the problem. Today a major problem that our society is facing is Electronic Waste. With technology becoming more advanced each year the demand for new products is increasing. Though this might seem good for the people‚ it actually is hurting are
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Why did Tsardom collapse in 1917? In February 1917‚ all were stunned when what started off as a demonstration regarding shortages of food and fuel‚ escalated into a protest attempting to overthrow Tsar Nicholas II. However‚ nobody could have predicted what the result would have been‚ as when Tsar Nicholas II abdicated‚ there was nobody to assume the position of Tsar‚ and so 300 years of Romanov rule came to an end. Although it came as a surprise‚ the failure of the tsarist regime happened for
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The Great Depression The Great Depression was a worldwide economic collapse that was caused by a number of things which include: speculation in the stock market‚ inequalities in wealth‚ bank failures‚ and drought conditions. It started in 1929 and lasted until the late 1930s. It was the longest and most devastating depression ever experienced by the Western World. Before the Great Depression‚ there were few regulations that controlled the stock market. Stockholders were able to speculate and
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Case study：A short-seller crashed the party The Terranola faced several problems at the time of this article. Primarily‚ the Terranola was attracted by Jeremiah Hughes‚ a well-known hedge fund manager and short-seller. He released navigation warning that the company is overrated. He revealed the company has unsold products and its patents about to expire‚ as well as other negative growth forecast‚ put the company into the market focus. These actions made share price of Terranola sinking and its facing
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