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VIC101H1 Chapter 3: Chapter 3 History notes

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rosegoat297
22 Apr 2012
School
UTSG
Department
Victoria College Courses
Course
VIC101H1
Professor
fhjfh

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Document Summary

Chapter 3 history notes (it must look democratic but we must have everything in our hands): German troops captured by the red army on the e. front trying to persuade pows to turn against hitler and support a communist future for post war germany. In 1945 he ranked second in the exiled german communist hierarchy: ulbricht told his 9 other german exile comrades that it was their task to build a. General ivan serov reporting directly to stalin: founded the new mayor for berlin with a hardcore communist deputy on may 12 + communist directors of education and personnel. How and when did this situation begin to improve: may 15: first stretch of subway reopened, may 17: museums opened in temporary quarters, may 19: city gov"t in berlin reinstituted, citizens were told to vote for by the. Soviets: may 26: first post-war concert, soviets dragooned thousands of berliners into labor gangs and cleared the streets, soviet propaganda newspaper started.

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Related Questions

  1. Why is the EMU malfunctioning? -mark the correct answer.

    Because not all the EU members are participating

    Because the British did not join the EMU

    Because the Euro lost the value against the dollar in the recent months

    Because it is not the optimal currency area with common budget and monetary policy

  1. Why it is so difficult to have a common fiscal policy in the Eurozone and the EU? -mark the correct answer.

    This is constitutional issue not economic or political

    This is a fundamental issue of the supranational powers of the EU over the national policies

    This is an issue of the lack of common currency among all EU members

    This issue is currently being resolved by the EU Parliament

3.5 points

  1. Why the EU was created? -mark the incorrect answer.

    The EU was created because the West was engaged in Cold War and Europe had to be fast rebuild

    Germany wanted to be unified and only unified Europe would allow that to happen

    The Europeans wanted to merge the markets to help their growth

    The Europeans wanted to confront the power of the USA after the WWII

3.5 points

  1. Why the reforms proposed by Mikhail Gorbachev failed to save communist system in the Soviet Union? -mark the incorrect answer.

    Gorbachev reforms were called perestroika and glasnost

    The reforms led to inflation but improvement of the supply of goods and food

    The wages were higher in the cooperative sector which upset many people who worked in the state enterprises

    The reforms would have succeed but the West did not want to lend money to Gorbachev government

3.5 points

  1. Why we can say that Germany plays the same role for the EU as China for the USA? -mark the correct answer.

    Germany imports capital like China

    Germany has a financial account surplus

    Germany exports manufacturing goods and imports food

    Germany is a net exporter of capital and holds the debt of the indebted Europeans

Please read this article. It discusses foreign currency issues for the Euro. Please elaborate and explain your thoughts on the article below.

The wisdom in the eurozone is that if the European Central Bank would only follow the lead of the Federal Reserve and move to far more aggressive monetary policy, which it is now doing, all will be hunky-dory.
Of course, drenching the single currency area in euros will help, and make it easier for banks to lend again.
It is also a brave act for the ECB’s Italian president, Mario Draghi. His promise to expand the balance sheet of the ECB by €1trillion flies in the face of historic German concerns about overexuberant monetary policy and the horrors of the Weimar Republic.
The bigger question, however, is whether the source of the eurozone’s problems is simply a lack of credit, or is it more deeply rooted?
Many euroland economies simply are loaded down with too much debt. The ‘troika’ solution offered by the IMF, European Commission and ECB to this has been austerity. But still the debt levels rise.
Even the IMF’s own internal monitoring group has questioned the wisdom of the policy. The traditional solution for countries in trouble are the double ‘D’ approach – devaluation and default. The first is impossible in a single currency area unless nations drop out, as happened in 1993 when the euro predecessor, the European Monetary System, fell-apart.
That leaves the eurozone with default. It sound horrible and irresponsible, but as Harvard’s Benjamin Friedman recently observed, the debt of the 18 countries in the single currency region is more akin to American municipal bonds, rather than national debt. And managed defaults of American state and city debt have long been a feature of the landscape.
Official Greek debt could, for instance, be restructured so that payments could be stretched out over far longer time horizons and the coupons paid slashed. This was how the Latin American debt crisis in the 1980s, and some of the problems in East Asia a decade later, were fixed.
Standing in the way of such radical answers is Germany with its economic absolutes. Sometimes, however, German leaders choose to forget the fiscal history that they want to bury. In the 1930s it essentially defaulted on debts built up in the First World War and as a result of reparations.
At the London Debt Conference in 1953, the amount of debt Germany built up before, during and after the Second World War was halved and payment of principal suspended for five years and drawn out over 30 years to give a recovering and rebuilding economy breathing space.
That is the kind of precedent that Germany should be looking at now instead of insisting on hardship among its neighbours. It could also refrain from winding up friends by discouraging Brussels from presenting the UK with bills for £1.7billion in the knowledge that it would be a huge political embarrassment.
It is only by sleight of hand that the invoice has been halved.
Peace talk
The notion that Standard Chartered’s woes stem from the fact it was unfairly targeted by New York regulators is poppycock. The 29 per cent decline in the bank’s share price this year is representative of a much deeper malaise.
So far Standard Chartered has paid £400million in fines, in two tranches, to US enforcers, the most recent for failing to fix problems first identified in 2012: not smart.
Badly treated? Not if compared to BNP Paribas that had to stump up £5.5billion. As for the idea that foreign banks have been singled out – that also is ill-informed. Fines levied on JP Morgan Chase and Bank of America Merrill Lynch have been in the tens of billions of pounds.
One person who is certainly not taking Standard Chartered’s sliding reputation for granted is chairman Sir John Peace. He admitted to investors in Singapore, home to its largest shareholder Temasek with 17.7 per cent, that it was too complex and ‘too bureaucratic’ and takes too long to make decisions.
One critical action still pending is the removal of chief executive Peter Sands, who sought to brush aside charges of Iranian sanctions-busting and now has presided over a series of profits warnings. Temasek this week expressed its unanimous support for ‘Peter and John’. Football fans will recognise the significance of that.
Slow coach
No one can question the determination of the Financial Conduct Authority to punish market offenders. But the speed at which it and the British courts deliver financial justice is farcical.
Julian Rifat, of hedge fund Moore Capital, was arrested on insider trading charges in 2010 but it was only yesterday that he was convicted of a £250,000 conspiracy as part of the Tabernula investigation involving six others.
Now we have another two month wait for sentencing.
The FCA says the probe was ‘painstaking’ but that is no excuse for a lethargic process.

1. What was Darwin's theory of pangenesis and how did it fit his model of blending inheritance? How did it allow for the influence of the environment on hereditary characters?

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4. What was Galton's argument regarding the inheritance of genius and how did he attempt to prove it?

1. What is the definition of eugenics? What is the difference between positive and negative eugenics?

2. What was "feeblemindedness"? Why did scientists want to eliminate these people from the population?

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5. How does the Carrie Buck case illustrate the concerns of eugenecists? How does it illustrate social values of the time?

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4. How were eugenic doctrines popularized? What are some examples of positive eugenics?

5. What is the concept of "mental age" on which the Binet test was based? What did early researchers think they were measuring with these tests?

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5. Did CDA materials provide an accurate portrayal of nuclear war?