Colonization in China and India Essay Example | Topics and Well Written Essays - 1500 words

Colonization in China and India - Essay Example Hence, our group somehow ruled the school population. Definitely my group's feat in school cannot match the real colonizers back in the 18th and 19th century when European conquistadors settled in foreign lands where their galleons docked, eventually migrated to that place and shared their knowledge to the natives. This word used to be the "in" thing among the rich empires almost three centuries ago. European countries spearheaded colonialism, adding more states and territories to their naturally rich metropolis. "Colonizers generally dominate the resources, labor, and markets of the colonial territory and may also impose socio-cultural, religious and linguistic structures on the conquered population ("Colonialism")." Today, most of the countries were once a colony of Europe or America. A number of decolonized country can be found in Asia, take China and India. According to history books and encyclopedias, ever-changing dynasty rule has weakened China. "The first reliable historical Chinese dynasty is the Shang, which settled along the Yellow River in eastern China from the 18th to 12th century BC ("China")." Invasions by other states soon followed to unseat the Shang. Such wars continued to overthrow one dynasty after the other. "Regime change was often violent and the new ruling class usually needed to take special measures to ensure the loyalty of the overthrown dynasty." Because of the unstable imperial regime, "European countries and the United States exploited the weakness of China." However, the world's super powers still "maintained a so-called international concessions in China, a sort of colonial enclave; the coastal towns of Macau and Hong Kong (Student's Surname) 3 were held on long-term leases by Portugal and the United Kingdom." On 1843, United States President John Tyler wrote a missive to Chinese Emperor Dao Guang, expressing the desire to broaden the trading system between the two countries. US President Tyler wrote, "let the people trade not only at Canton, but also at Amoy, Ningpo, Shanghai, Fuhchan, and all such other places as may offer profitable exchanges both to China and the United States provided they do not break your laws nor our laws ("Letter")." Apart from the US, Britain also took advantage of this scheme. As written in Chinese history, it was this time that China "awoke to the significance of the rest of the world, particularly the West." However, as China opened up to foreign trade and missionary activity opium became available. Two Opium Wars with Britain weakened the Emperor's control." But not all

Keynesian economists Essay Example | Topics and Well Written Essays - 1250 words

Keynesian economists - Essay Example The paper also considers the negative impact of government interference in business as per the suggestions of Keynesian economists. Keynesian economics is based on aggregate demand and government intervention. The theory was created by John Maynard Keyes to explain the Great Depression in the 1930s (Samuelson & Nordhaus, 2010). At the time, the classical economics theories assumed that the free market would automatically self-regulate by providing employment and sustain the economy. Goods and services’ total demand in the economy at a specified time is aggregate demand. Prior to Keynesian economics, the assumption was that a decrease in aggregate demand in the economy would result in fewer goods and job opportunities. This would translate to reduced wages and inflation, which would enable employers to invest and create more jobs. However, the great depression disapproved the theory. Many factors influence aggregate demand. During a recession, the decisions made by the private sector may reduce consumer spending (Higgins, 2013). Similarly, prices and wages gradually respond to the fluctuations of demand an d supply causing shortages or surpluses in employment opportunities. Keynesian economists hold that government intervention plays a key role in solving the problem of insufficient aggregate demand. Aggregate demand represents the spending of the government, public and private sector. Insufficiency in aggregate demand comes about when the spending of all these sectors reduces. The government is in a position to solve the problem of insufficient aggregate demand through active policies like fiscal stimulus package and job creation, which increases spending and restores aggregate demand. Many theories against government interference with business find unbalanced government budgets disturbing for the economy (Higgins, 2013). Nonetheless, Keynesian economists find that government intervention