Most Americans, don’t know how Puerto Rico got the way it is and like Nelson said many believe that the debt we have is one that was 100% our fault. However, most don’t understand the deep history and relationship Puerto Rico has with the United States and how the way we have and continued to be treated has a lot to do with the debt Puerto Rico
The attempted assassination of President Truman was an indication that Puerto Ricans would use any necessary means to gain independence. Puerto Rico has been a territory of the United States for almost a century. The citizens of Puerto Rico have always had different views on whether they want independence or greater autonomy. The following essay will focus on the commonwealth status of Puerto Rico and the attempted assassination of President Truman.
I will be discussing how the country of Puerto Rico’s impact of resource scarcity, issues with boundary delineation, separatism and sovereignty issues, poverty, migration, legacies of colonialism and imperialism, global climate change and its impact. The once poor nation of Puerto Rico now seems to be a stepping stone for trading in the Caribbean. With its location in the Caribbean, Puerto Rico is a major asset for shipping lanes. One of the main reasons the U.S. wanted to take over this land. Its geographical location is important in helping to move resources around the world, as well as keeping an eye on Cuba. The economic system of
The once powerful Spanish Empire was hanging onto a thread as Cuba and Puerto Rico were their last two major colonies. Tension between the Cuban people and the Spaniards had been building since the beginning of Spanish reign over the island in 1492. One of the leading issues was the “impact of increased taxation and an international economic crisis” (LOC). Spain was exploiting Cuba for its sugar plantations and treating the locals very poorly. This poor treatment and taxation by Spain would lead to the “Ten Years' War” (LOC), from 1868 to 1878, in which the Cubans
The United States gained control of the island of Puerto Rico as a result of the Spanish American war in 1898, claiming its intention to "free" the island from Spanish colonialism. When the United States took possession of the island, Puerto Rico became merely that, a controlled possession given little or insignificant power in many facets of Puerto Rican life. In a matter of a few months, Puerto Rico moved from being a Spanish possession to an American one, and this changing of hands had many implications on the status of Puerto Rico, politically economically, and socially.
The Health Star Rating System is a government initiative designed to assist in obesity prevention. This essay reviews PriceWaterhouseCooper’s Cost Benefit Analysis of the Health Star Rating System. This analysis of the system concludes that the government should intervene in the Australian food industry via the Health Star Rating System to a significant extent and should focus on the implementation of complementary obesity prevention methods, including increased funding for health awareness and education. This conclusion is based on consideration of equity, efficiency and political acceptability criteria.
Tensions between the U.S., Puerto Rico, and Cuba had always been apparent due to the United States heavy involvement within the countries. However, our nation also had a tendency to turn the other cheek if the issue Cuba had been dealing with was in favor of the United States. Though Cuba was economically doing very well, their political system was in turmoil with itself. This made them vulnerable to attack, and the U.S. took advantage of this. After the U.S.S. Maine was attacked in the Spanish-American war, the United States entered, and demolished. We did not suffer nearly as many casualties as those of the Spanish army. Many Cubans migrated to the U.S., but found a large portion of their natural rights taken by new acts and regimes. Puerto
This law had as a requirement that ships build in the United States and only owned by Americans carry all goods transported to Puerto Rico using U.S. ports. Puerto Rican consumers always had been affected by high shipping costs and reduce the changes for Puerto Rico to interact with foreign trading partners. The Jones Act as unwarranted for Puerto Rico and other American overseas territories it had created the major burden for aspirations to interact with foreign trading partners. In 2010, Senator John McCain tried to revoke the act but Congress did not approve McCain’s
“Most Young Lords were the children of the Great Puerto Rican Migration that arrived in the United States after World War II. Under US domination since 1898, Puerto Rico’s agriculture had been destroyed when large-scale absentee corporations took ownership of the land, forcing displaced farmers into migrant labor and low wage jobs. A government program called “Operation Bootstrap” gave tax breaks and offered cheap labor to US
The economies of Cuba and Puerto Rico are very similar during the 16th, 17th, and 18th centuries. As Spain colonized these two islands in the 16th century under the idea that gold was abundant. Thus in turn the islands became a safe port for Spain and her vessels. It also set out to be a huge migration from the Spain to the islands, because everyone was set to search for gold. . This turned out to be short lived as the mining of gold peaked in 1517 till 1819. By Spain using Cuba and Puerto Rico for mining gold they needed slave laborers as the local Indians. The Indians soon became unsatisfied with their new conditions of living, they became hostile and many not able to cope with being slaves committed suicide and genocide. By 1540 1550
Over time Puerto Rico has been borrowing money from private investors and multiple countries. The time has come for them to pay these investors and countries back, but Puerto Rico does not have the funds to pay them back. Puerto Rico is in high debt that is over 69 billion U.S. dollars caused by the massive amounts of money borrowed from investors, as well as depending on the citizen’s tax money to pay it off; causing an increase in taxes which caused people to flee to the mainland (U.S.).We propose that Puerto Rico should no longer borrow money from other countries, do not raise taxation, and keep the amount of taxes that the citizen of Puerto Rico have to pay realistic. Lastly, we must educate the children who are interested in governmental positions and make sure
It is important to indicate that a country risk analysis is not static. As factors of the analysis change within the country, the risk of investing in that country also changes. These analyses are fluid and are always fluctuating. Changes can be indicative of deliberate governmental action taken by the country while other times the risks may change because of an action other countries have taken. The purpose of this paper is to create a risk analysis for the Republic of Nicaragua and to explain the
While reputation bootstrapping concerns trust initializing of newcomer agents in the absence of historical information . Rebootstrapping, on the other hand, is an exploration strategy in the absence of trustworthy agents. The term “rebootstrapping” was first introduced by Griffiths , referring to a strategy when there are no trusted agents that provide the required capabilities, the agent with the highest trust level based on some probabilistic models from the pool of untrustworthy agents will be selected. More specifically, rebootstrapping strategy can help avoiding deadlock when in a certain situation all interacting agents are distrusted and are not considered for cooperation. Braynov et al.  state that the condition for market efficiency does not require complete trustworthiness assessment. They propose trust revelation mechanism which involves agents holding accurate estimates of one another at the beginning of every transaction, even if they are untrustworthy. In other words, agents having trust value to the degree they deserve to be trusted can transact as efficiently as trustworthy agents. Similar to a multi-criteria rating system
Since 1980, International Country Risk Guide (ICRG International Country Risk Guide) has provided expert financial, political and economic risk analysis for investors and international business professionals. The ICRG evaluates both the obvious developments and the subtle factors that cursory annual reviews all too frequently miss. In this guide, we find that the political risk is given (100 points) which is twice the weight of financial and economic risk (50 points)