Birmingham Central Library

After several months of uncertainty, the Mexican Peso still remains under heavy pressure. The question is, will Mexico’s economy be able to recover? Unfortunately, the Mexican currency remains far away from recovery after Donald Trump became the next United States president. Depicted in the graph below, it is evident that over the past few months as Trump gained more support the peso was negatively affected and depreciated as his poll numbers improved. The peso has shown a high negative…

For generations, the world has been divided up into different regions in which society has categorized these regions into inaccurate and unrepresentative civilizations. According to Huntington’s popular book, The Clash of Civilizations and the Remaking of world order, “Western, Latin America, Islamic, Sinic or Chinese, Japanese, Hindu, Orthodox and Africa” (25) are the eight main Civilizations that make up the world. With technology improving, globalization is spreading rapidly throughout the…

Where does a U.S. dollar come from? Almost everyone uses and values money but so few know the answer to this question. Who determines how many dollars there are in circulation? The answer to this question, that has great impact on the economy and prices of everyday goods, is not well known amongst American citizens. The United States Treasury prints the dollar. The Federal Reserve System is responsible for regulating and controlling the supply of legal tender, which are Federal Reserve notes, in…

Central banks have never been stronger than now since they play an ultimate role in the growth of economies. Monetary policy is seen as the central tool of macroeconomic stabilization, and in some countries monetary policy is implemented by an independent central bank (Blinder, 1998). According to Singleton (2011), the world central banks have experienced two revolutions in the 1940s and 1980s, respectively. The former indicates that the central banks were less autonomous and were controlled by…

achieve? How do central banks intervene in foreign exchange markets? What did the Bretton Woods Agreement do to the ability of foreign exchange rates to fluctuate freely? Targeting Money Supply and Interest rates Firstly, the Fed targets money supply and interest rates in an effort to control the economy. The mandate of the Fed is to control inflation and maximize employment. Money supply (MS) is controlled by central bank, depositors, borrowers, and depository institutions. The central…

the mandated power of Great Britain and France, and they were created in ways that benefited the Britain and France not the local population. To begin with, at the outbreak of World War One, Europe divided into two sides, the central powers and the entente powers. The central powers were comprised of Germany, Austria,…

Countries in Central America are plagued with poverty, overruned by gang violence and ruled by government systems that don’t do enough for their people. The author of Enrique 's journey, Sonia Nazario paints a vivid picture of the circumstances that lead loving mothers to leave their children behind while venturing across America, in order to get to the promise land. A land charged with hopes and promises. Promises that are not always kind to immigrants. Immigrant mothers risk everything in…

Explain the apparent military decline of East Asia after 1700 East Asia had been regarded as one of the most military advanced region of the globe since the early firearms were invented by the Chinese before the Europeans perfected them. Indeed, the earliest known formula for gunpowder is found in a Chinese work dating from the 800s. This allowed the Chinese to apply it to warfare through producing a variety of gunpowder weapons among them rockets, bombs, mines, and rockets before inventing the…

Coast-to-coast exchanges were not new, but complimentary to the Silk Road; “maritime trade routes had for centuries already linked China to the Indian Ocean, the east African coast, and even via the Persian Gulf to the Mediterranean.”. Merchants in Central Asia to China still convened exchanges in high values. Exchanges dating back from the first century were still in effect with high consumer demands. Goods were limited when traveling transcontinental because of the dangers of sea expeditions…

G. Edward Griffin’s novel, The Creature from Jekyll Island, proposes a conspiracy between the United States government and the central bank of the United States, The Federal Reserve (the Fed). This alleged conspiracy dates back to the establishment of the Fed with the Federal Reserve Act of 1913. The basis of Griffin’s conspiracy is that rather than acting as an emergency line of credit for American banks and a regulator of the money supply, the Fed is a scheme for private bankers to profit off…