Wednesday, November 5, 2013
1. The Bretton Woods system is the world nancial system that emerges after the war
with the United States at its centre
2. America must provide the capital and raw materials to Europe to advance
Monday, October 28, 2013
1. World War One fundamentally disrupts the world economic system, though its
dynamics had already been in ux.
2. John Maynard Keynes formalizes ideas of state interventionism and challenges
1. Ernest Dichter and others argue that consumption is a defence against communism,
and individual choice in the market is freedom
2. But consumption is often seen negatively, especially in theories of conspicuous
consumption, income inequali
Monday, September 23, 2013
1.Creation of nancial system a consequence of European empire and war.
Did not come about because it was obvious but rather because of the
commercial demand of the economy. This has to do with the corporations.
Wednesday, October 16, 2013
1. Consumerism became central to European economic life in the 17th and 18th
centuries, marking the beginnings of a consumer revolution.
2. By 1800 the global economic system had begun to change substantially, with
Wednesday, September 11, 2013
Three Vital Points About Capitalism
1. Capitalism is a historically contingent system: arose at a certain time for particular
2. Culture is vital to understanding the changing business and economic environ
Monday, September 30, 2013
1. The industrial revolution, beginning in Britain (England and Scotland), led to a
system of mechanical (industrial) production that transformed the world economy.
2. The industrial revolution was an example of "cr
Monday, November 11, 2013
1. The advertising industry facilitates the expansion of consumerism in the 19th and
20th centuries, connecting to and shaping cultural values.
2. The industry develops as both an art and a science, with increasing a
Wednesday, September 18, 2013
1.China is the center of the continental economy, and it is increasingly in need of silver.
This global economy is a silver economy because China is in need.
2.Europeans, on the margin of the continental economy,
Wednesday, October 30, 2013
1. The Roaring Twenties sees America pull ahead of the rest of the world economically.
American rms are distinguished by scientic management and mass production.
2. A new wave of new products and the development of
1. The modern world system has a fundamental imbalance: the large US trade decit
and Chinas surplus. China funds US spending.
2. The credit crisis of 2008 was a consequence of both government intervention in the
housing market, technological
Wednesday, September 25, 2013
1.The creation of a banking system promotes the introduction of banknotes or paper
money, and the monetary exibility that they offer.
2.Governments try and manage their large public debts through the creation of
Monday, October 21, 2013
1. The new, post-1800 "World System" incorporates many of the characteristics
described by Adam Smith, including free trade and specialization.
2. The success of the industrial revolution also invites criticism. This
Monday, November 18, 2013
Date: Tuesday, December 10, 2013, 3:30pm - University Stadium
Double check time, date and location
Format: 2.5 hours
Part I: 20 multiple choice (20%)
Material from 2nd half of course
Part II: 3/4 Passage Analysis (45%)
Monday, November 4, 2013
1. The post-war system is very fragile because of imbalances such as war reparations,
debt and tariffs. Attempts to restore the pre-war.
2. The Great Depression was a consequence of global interactions, but the US was
Monday, November 25, 2013
1. Technology and globalization have helped to create a winner takes all dynamic in
2. America has seen a rise of the knowledge economy and deregulation: the
consequences are that income growth overwhelm
Wednesday, November 20, 2013
History provides us case studies of the past business practices and environments.
From these examples it may be possible to derive insights into organizational
behaviour and the nature of innovation.
Wednesday, October 2, 2013
1. The Industrial Revolution is centred on a group of industries - coal, iron, textiles, and
railroads - that transform economic and social life.
2. Railroads, in particular, make possible the transformation of spac
Wednesday, October 9, 2013
1. Standard Oil is structured as a trust to allow for centralization and coordination.
The trust eventually becomes negatively associated with monopolies.
2. Vertically integrated companies such as Standard Oil are
Monday, September 16, 2013
The Great Divergence
Three Vital Points
1.Pre-modern European economy works on different principles aimed at social stability.
2.Asia is the center of the world economy.
3.An explanation for the great divergence may lie, paradox
Monday, October 7, 2013
1. John Rockefeller guides the creation of one of the biggest corporations in historyStandard Oil - to consolidate the emerging petroleum industry.
2. Standard Oil is structured as a "trust" to allow for centralization