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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?