Socio (midterm - mcp)

Mercantilism

Mercantilism

An economic policy under which nations sought to increase their wealth and power by obtaining large amounts of gold and silver by selling more goods than they bought

Bretton Wood System (1944)

Inaugurated during the un monetary and financial conference (goal) create a global economic system that would ensure a longer lasting global peace, influenced by John Maynard Keynes

Great Depression 1920 - 1930

Caused by weakness in the economy, stock market crash and financial panic
- war debts and unequal distribution of wealth
- over production in industry and agriculture

floating currencies

not backed by gold assets

lehman brothers

us investment bank
- major cause of the worst financial crisis in 2007 to 2008

more money - more purchase - more demand - higher prices

Neoliberalism and its discontents

stagnation

A decline in economic growth and employment

neoliberalism and its discontents

Keynesian economist, as price increased more money to earn - workers - more money - more purchase - more demand - higher prices
price increased = reduces employment

3 branches of Government

Executive, Legislative, Judicial

The Galleon Trade

Spanish Trading from Acapulco to Manila

Marco Polo

he was the most famous Silk Road trader or explorer

Barry Eichengreen

He stated that “The United States began to recover when it abandoned the gold standard”

Ronald Reagan and Margaret Thatcher

Proponents of Washington Consensus

Manila Galleon Trade Route
Manila Galleon
Nao de China
[all of the above]

Galleon Trade is also called as

IBRD or World Bank

Responsible for funding postwar reconstruction projects

Tax

Another name for tariff

“Race to the bottom”

Practice of countries decreasing their labor standards, especially worker protections

Reduce tariffs

It was the main objective or goal of General Agreement on Tariffs and Trade (GATT)

Galleon Trade

It took place during the Mercantilism

Silk Road

The oldest known international trade route

International Organization

World Health Organization is an example of

Franklin D. Roosevelt

The US president that coined the United Nations

193

How many member states that the United Nations currently has?

United Nations

Develops friendly relations among nations, collaboration in addressing international economic, social, cultural, and humanitarian challenges while promoting human rights and fundamental freedoms, and safeguarding the Earth and its environment.

The Secretariat

The administrative arm of the U.N. and headed by the Secretary- General

Trusteeship Council

Originally established to oversee the transition of Trust Territories to self-government or independence

League of Nations

The first International Organization founded in 1919 but later on disbanded with a broad mandate to promote international peace and security

World war I

this event played a role when it comes to founding an international organizations concerning global affairs

World bank

What is this International Organization named as when they reduce poverty by lending money to the government of poorer members to improve their economies and standard living of the people?

IMF

devising and implementing classifications that establish powerdul global standards

to promote international peace and security

what is one of the primary purposes of international organization?

climate change mitigation

international organizations are essential in addressing common problems that cannot be effectively tackled by individual countries. Which of the following is an example of such a problem?

they have members from multiple countries

which of the following is a typical feature of international organizations regarding their membership?

the economic and social council

which among the six main organs of the UN promotes international economic and social cooperation and coordination?

COVID-19

what was the enemy called when instead of guns and bombs, the world was against an enemy that cannot be seen?

Territorial disputes
historical and cultural ties
political disagreements
[all of the above]

what are some of the factors that have contributed to the conflict between Russia and Ukraine?

Security

what is the biggest issue of UN?

Unites States, United Kingdom, France, Russia, China

Who are the five countries that are part of the Permanent 5 (P5) on the United Nations Security Council, holding veto power and always being elected members?

19th century

In what year were international organizations were first traced, to address specific problems such as the regulation of river navigation and the standardization of weights and measures?

provided warm shelters
provided humanitarian assistance
psychological assistance
[all of the above]

What did the UN system agency focus when delivering aid?