Countertrade Essay

Cleaning up down South: supermarkets, ethical trade and African horticulture is a piece by Susanne Freidberg published in Social and Cultural Geography journal in 2003 (Freidberg, 2003). Susanne Friedberg holds PhD from UC Berkely and is a Professor of Geography in Darmouth College, New Hampshire (“Susanne Freidberg,” n.d.). In the article the author argues that the ethical standards have become fetishised. The UK supermarkets compliance with such standards edges on paranoia. It does not mean that the supermarkets care about these standards from moral point of view but that the compliance is driven by fear of bad

The brain is considered the most complex organ in the body. It is responsible for controlling motor function, the body’s ability to balance and the ability to translate information sent to the brain by sensory organs. The mind is described as the faculty of consciousness and thought. It’s where our feeling and emotions originate from and defines who we are as a person. The brain is composed of the visual cortex, which is responsible for processing visual information. In blind individuals the feature that makes up visions still exists in the visual cortex. These features are now used to process information received from the other senses. However, blind individuals are able to view the images because what’s in their mind.

As well as not being able to farm, traders had to convert to silver in order to buy goods in markets as explained in Document 4. This centralization of currency, on a resource that could eventually be depleted lead to inevitable downfall of the

With the fall of trade, allies turned, and they couldn’t get the resources they

domestic taxes and trade fees be paid in silver. As a result of this the whole world was affected

During the class, the professor provided plenty of information and assignments for us. Because of this, I believe that I improve my English skills not only on the critical reading but also on the critical writing; by means of these two abilities, this week, I can utilize them on the paper included the content of analyzing the article “Against Work”. Consequently, in this paper, there are plenty of definitions of the article “Against Work” will be described as follows.

by exchanging goods. They had to begin receiving bills and can only pay in silver. This must have been

A cell is subject to hypoxic conditions for 20 minutes, then observed under the microscope. The

These other nations, either neutral or independent, were in constant fear of a Nazi invasion, so they reluctantly complied with Germany on the storage of the looted gold (Smith 1).

With the onset of the war, the stability of the relationship between Britain, France, and Germany – which the Gold Standard was dependent on – crippled (lecture, 10/13). During the interwar period, 1914-1945, the lack of coordination between economies led to a liquidity shortage while the nations held a floating exchange rate. The interwar period saw a breakdown in international monetary coordination – proving that a floating economy was doomed for failure (FLB 264). Outside of the lack of international coordination, the Gold Standard had other downfalls leading to its demise. For example, national governments had no authority to stimulate their country’s economies in times of need. Moreover, the fixed economy limits foreign trade, hurting the country’s industries (lecture,

After World War II, the Bretton Woods Agreement established the gold standard and two support institutions called the International Monetary Fund (IMF) and the World Bank. This would lead to a shift, away from the gold standard, to more relaxed systems. The idea of currency purely backed by gold was slowly being shifted to a trust based currency. These institutions purpose was to regulate the economies by injecting or taking money in a process called sterilization. Sterilization is to protect certain countries from a going bankrupt. If a country goes bankrupt, it chain a chain reaction of bankruptcies. So, in order to maintain balance, currencies need to be stable enough, so that it can be in debt without having to declare bankruptcy. The idea is

The combination of increasing unemployment rate and food price created severe poverty across the nation (Goldfinger par. 1-3). The currencies in China, too, went through a lot of changes to accommodate the increasing trade. At first, the silver Spanish dollars became rare and increased in value so much that it was outlawed as a usable currency. However, at the same time, the Chinese copper currency were also being used less due to the fact that the metal was becoming rare and the administration of the currency was extremely poor. The Mexican dollar was introduced but the problem was not solved until paper money were used in 1853 (Goldfinger par. 2). To make the economy worse, during the First Opium War, China had to pay six million silver dollars to ransom Canton, and an additional nine million dollars were paid to foreigner traders for their loss. Later, twelve million taels of silver were paid to Britain and France under the treaties negotiated after the Second Opium War. All of those factors weakened the Chinese economy in the 1800s (Allingham par.5-9). However, the Opium Wars’ impact is everlasting, for “the Chinese have embarked on a long and arduous struggle to expunge the humiliations which they suffered during and since the Opium War…Foreign industrialists may continue to dream of the supposedly unlimited China market, but the Chinese…are determined to keep the 'open door' sufficiently ajar to import vital technologies, while keeping all unwanted

Vivea, Becky “The things you dint know about Divergent” 28 October 2013, 15 June 2015

Consequentialism and non-consequentialism are both action based ethical frameworks that people can use to make ethical judgments. Consequentialism is based on examining the consequences of one’s actions as opposed to non-consequentialism which is focused on whether the act is right or wrong regardless of the outcome (Burgh, Field & Freakley, 2006). The three sub-categories of consequentialism are altruism, utilitarianism and egoism.

1. The gold standard and the money supply. Under the gold standard all national governments promised to follow the “rules of the game”. This meant defending a fixed exchange rate. What did this promise imply about a country’s money supply? A country’s money supply was limited to the amount of gold held by its central bank or treasury. For example, if a country had 1,000,000 ounces of gold and its fixed rate of exchange was 100 local currency units per ounce of gold, that country could have 100,000,000 local currency units outstanding. Any change in its holdings of