Free Essays on CAPITALISM IS THE IDEL SOCIL SYSTEM

From the 1400’s to the 1700’s, the major European trading nations used an economic system known as mercantilism. Under this system, governments made sure to manage their economic situation so that the amount of exports exceeded the amount of imports. They placed high tariffs (taxes) on imported goods so that they would cost more at home, and gave financial aid to local farms and industries so they could lower the prices of their exports. Nations made themselves rich by selling more goods than they bought. During the mid-1700’s, a group of French economists also known as physiocrats urged the government to stop making foreign trade its business. Their policy, called laissez faire ( a French phrase that meant allow to do.) demanded an end to the high tariffs and other trade restrictions. With the help of Adam Smith capitalism soon spread to other large trading countries. Smith’s book The Wealth Of Nations (1776) gave the basic argument for capitalism. In the book it was said that a government should not interfere with a nation’s economy but instead should let individuals act as â€Å"free agents† who look out for their own interests. These â€Å"free agents† Smith said would naturally bring a greater good to society â€Å"as if guided by an invisible hand.† The early growth of capitalism was based on the use of privately owned property to make money. The growth of markets encouraged men to invest capital- (goods or money devoted to making goods or money.) capitalists made two new systems of manufacturing. In one of them a capitalist would employ a large amount of journey men and helpers in his workshop for money. This helped make large workshops so, the work was divided, men no longer had to carry out manufacturing on their own like in the old system. The capitalist boss p... Free Essays on CAPITALISM IS THE IDEL SOCIL SYSTEM Free Essays on CAPITALISM IS THE IDEL SOCIL SYSTEM From the 1400’s to the 1700’s, the major European trading nations used an economic system known as mercantilism. Under this system, governments made sure to manage their economic situation so that the amount of exports exceeded the amount of imports. They placed high tariffs (taxes) on imported goods so that they would cost more at home, and gave financial aid to local farms and industries so they could lower the prices of their exports. Nations made themselves rich by selling more goods than they bought. During the mid-1700’s, a group of French economists also known as physiocrats urged the government to stop making foreign trade its business. Their policy, called laissez faire ( a French phrase that meant allow to do.) demanded an end to the high tariffs and other trade restrictions. With the help of Adam Smith capitalism soon spread to other large trading countries. Smith’s book The Wealth Of Nations (1776) gave the basic argument for capitalism. In the book it was said that a government should not interfere with a nation’s economy but instead should let individuals act as â€Å"free agents† who look out for their own interests. These â€Å"free agents† Smith said would naturally bring a greater good to society â€Å"as if guided by an invisible hand.† The early growth of capitalism was based on the use of privately owned property to make money. The growth of markets encouraged men to invest capital- (goods or money devoted to making goods or money.) capitalists made two new systems of manufacturing. In one of them a capitalist would employ a large amount of journey men and helpers in his workshop for money. This helped make large workshops so, the work was divided, men no longer had to carry out manufacturing on their own like in the old system. The capitalist boss p...

Information and Geography of United Arab Emirates

Information and Geography of United Arab Emirates Population: 4,975,593 (July 2010 estimate)Capital: Abu DhabiBordering Countries: Oman and Saudi ArabiaArea: 32,278 square miles (83,600 sq km)Coastline: 819 miles (1,318 km)Highest Point: Jabal Yibir at 5,010 feet (1,527 m)United Arab Emirates is a country located on the eastern side of the Arabian Peninsula. It has coastlines along the Gulf of Oman and the Persian Gulf and it shares borders with Saudi Arabia and Oman. It is also located near the country of Qatar. United Arab Emirates (UAE) is a federation that was originally formed in 1971. The country is known as being one of the wealthiest and most developed in western Asia. Formation of United Arab Emirates According to the United States Department of State, UAE was originally formed by a group of organized sheikhdoms that lived on the Arabian Peninsula along the coasts of the Persian Gulf and the Gulf of Oman. These sheikdoms were known to have constantly been in dispute with one another and as a result, constant raids on ships the area was called the Pirate Coast by traders in the 17th and early 19th centuries.In 1820, a peace treaty was signed by the areas sheikhs in order to protect shipping interests along the coast. Raiding of ships continued until 1835 however, and in 1853 a treaty was signed between the sheikhs (Trucial Sheikhdoms) and the United Kingdom which established a perpetual maritime truce (US Department of State). In 1892 the U.K. and the Trucial Sheikhdoms signed another treaty that forged a closer relationship between Europe and the present-day UAE region. In the treaty, the Trucial Sheikhdoms agreed not to give away any of their land unless it went to the U.K. and i t established that the sheikhs would not begin new relationships with other foreign nations without first discussing it with the U.K. The U.K. then promised to provide military support to the sheikhdoms if needed.Throughout the mid 20th-century, there were several border disputes between the UAE and neighboring countries. In addition in 1968, the U.K. decided to end the treaty with the Trucial Sheikhdoms. As a result, the Trucial Sheikhdoms, along with Bahrain and Qatar (which were also being protected by the U.K.), tried to form a union. However they were unable to agree with each other so in the summer of 1971, Bahrain and Qatar became independent nations. On December 1 of the same year, the Trucial Sheikhdoms became independent when the treaty with the U.K. expired. On December 2, 1971, six of the former Trucial Sheikhdoms formed the United Arab Emirates. In 1972, Ras al-Khaimah became the seventh to join. Government of United Arab Emirates Today the UAE is considered a federation of seven emirates. The country has a federal president and prime minister which makes up its executive branch but each emirate also has a separate ruler (called an emir) who controls the local government. The UAEs legislative branch is made up of a unicameral Federal National Council and its judicial branch is made up of the Union Supreme Court. The seven emirates of the UAE are Abu Dhabi, Ajman, Al Fujayrah, Ash Shariqah, Dubai, Ras al-Khaimah and Umm al Qaywayn. Economics and Land Use in United Arab Emirates The UAE is considered one of the wealthiest nations in the world and it has a high per capita income. Its economy is based on oil but recently the government has begun programs to diversify its economy. Today the main industries of UAE are petroleum and petrochemicals, fishing, aluminum, cement, fertilizers, commercial ship repair, construction materials, boat building, handicrafts, and textiles. Agriculture is also important to the country and the main products produced are dates, various vegetables, watermelon, poultry, eggs, dairy products,  and fish. Tourism and the related services are also a large part of UAEs economy. Geography and Climate of United Arab Emirates United Arab Emirates is considered a part of the Middle East and it is located on the Arabian Peninsula. It has a varied topography and in its eastern portions but much of the rest of the country consists of flat lands, sand dunes,  and large desert areas. In the east there are mountains and UAEs highest point, Jabal Yibir at 5,010 feet (1,527 m), is located here.The climate of UAE is desert, although it is cooler in the eastern areas at higher elevations. As a desert, UAE is hot and dry year round. The countrys capital, Abu Dhabi, has an average January low temperature of 54ËšF (12.2ËšC) and an average August high temperature of 102Ëš (39ËšC). Dubai is slightly hotter in the summer with an average August high temperature of 106ËšF (41ËšC). More Facts About United Arab Emirates UAEs official language is Arabic but English, Hindi, Urdu,  and Bengali are also spoken 96% of the population of UAE are Muslim while a small percentage is Hindu or Christian UAEs literacy rate is 90% Sources: Central Intelligence Agency. CIA - The World Factbook - United Arab Emirates. Retrieved from: https://www.cia.gov/library/publications/the-world-factbook/geos/ae.htmlInfoplease.com. (n.d.). United Arab Emirates: History, Geography, Government, and Culture- Infoplease.com. Retrieved from: infoplease.com/ipa/A0108074.htmlUnited States Department of State. United Arab Emirates. Retrieved from: state.gov/r/pa/ei/bgn/5444.htmWikipedia.com. United Arab Emirates - Wikipedia, the Free Encyclopedia. Retrieved from: http://en.wikipedia.org/wiki/United_Arab_Emirates