its political and economic situation affect the prices of oil and the U.S stock market as well. The latest situation in Egypt and other Middle East countries where anti-government protestors demanded that longtime dictators resign their positions have encouraged Libya to do the same; however‚ taking Libyan leader Muammar al-Qaddafi is taking more than expected. Libya is member of OPEC (Organization of Petroleum Exporting Countries) which is extremely concerned with Libya crisis since it holds the
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repercussions of the economic crisis are not going to disappear in the short What is economic crisis? * An economic crisis is A situation in which the economy of a country or countries experiences a sudden downturn brought on by a financial crisis. A financial crisis is a situation when money demand quickly rises relative to money supply. Until a few decades ago‚ a financial crisis was equivalent to a banking crisis. Today it may also take the form of a currency crisis. Many economists have
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Oil Crisis When thinking about the 1970s‚ many words such as hippy‚ lava lamps‚ and tie-dye come to mind. However‚ there was much more going on during this decade than that. The 1970s‚ for those who lived in it remember having to wait in long lines at gas stations due to gas shortages. This became known as the oil crisis‚ which occurred in 1973 and 1979. Both of these crises caused a recession. As this comes with any recession‚ households and firms became uncertain about the future and weary of
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During the 1860’s America was in a period of economic hardship due to the ongoing demand for materials and money to fund the war. In the South‚ sufficient money and materials were hard to acquire because the southern economy still depended on the labor of slaves to produce their goods and income rather than factories. The Northern economy used numerous factories to produce goods and make profit for the war‚ but they still did not have technology that was advanced enough to easily produce all the
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International Labour Office Policy Integration Department The Philippines in the global economic crisis: the social and local dimensions Lourdes Kathleen Santos[1] A Technical Note for the Policy Coherence Forum Overcoming the Jobs Crisis and Shaping an Inclusive Recovery: The Philippines in the aftermath of the global economic turmoil 11 – 12 March 2010 Philippines March 2010
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Economic Crisis in Nigeria. NIGERIA. (google)The evolution of Nigeria was from about 1849 until it attained independence in 1960. During this period a lot of events occurred‚ and is largely the story of the great impact of the British on the Nigerian people. The colonial authorities (British) sought to define‚ protect and realize their imperial interest in the portion of West Africa because of its endowment with natural resources‚ apparently this occurred about hundred years ago. The British was
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The expansion of the cities in Britain during the nineteenth century was due majorly to labourers and workers moving into the cities to find better employment as Britain was experiencing a good industrialisation and a growing economy at the time (Unison International) This increase in population led to the scarcity of homes and the few homes available were not affordable due to the fact that the private landlords were basically for money making. This scenario led to poor housing condition as a lot
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from civil war and with the seams that were broken barley mended back together‚ would become the clamor of the nineteenth century. This riot was not just a random outbreak during a labor demonstration but rather a boiling over of a culmination of many factors that were building up in the late 19th century.
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the late nineteenth century. Cultural imperialism is responsible for the spread of some positive values‚ including democracy and equal rights‚ but it also brought about the demise of many indigenous cultures and languages and provided a justification for colonialism. During the early period of Western colonialism‚ cultural imperialism was marked by efforts to forcibly spread Christianity and European economic values to indigenous societies. The onset of the new imperialism of the nineteenth
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Economic Crisis: Solutions Global crisis is clearly felt nowadays‚ not only by third world countries but also by the richer and industrialized countries. Uprisings are recurring in different parts of the world by people who want change and a better life. Even in our country‚ the crisis is getting heavier each day. But then the real question is not the “what”‚ but more so‚ the “how”. How do we really resolve this problem? It is not unknown to us that the Philippines is in fact a country rich in
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