Nationalization

1 introduction The mineral oil company Petrobras was founded by the former Brazilian president Getúlio Vargas in 1953, accompanied by his very own exclamation “The petroleum is ours” (Dias and Quaglino 1993: 64). This phrase has since remained present by giving distinction to the firm’s history and is therefore equally applicable to the firm’s exploiting activities on the Bolivian market, where the parastatal company started operating in 1996 (Goldstein 2007: 114). After the conclusion of…

When asked how to solve the Great Depression, critically-acclaimed author Upton Sinclair responded, “The remedy is to give the workers access to the means of production, and let them produce for themselves… the American way.” Sinclair believed that only by allowing the people to play a role in their economic futures could the depression truly be eradicated, an idea whose effectiveness can be shown through a comparison of the United States, a constitutional republic under the leadership of…

examined the investment pattern of the Corporation. He concluded that government securities still enjoyed a unique investment status in the portfolio structure of the Corporation although their relative importance had undoubtedly declined after the nationalization. Among government securities held by the LIC, the relative importance of approved securities had considerably increased while that of central government and state government securities had declined. As the state governments had to…

was a major third party during the Gilded Age. The Populist Party had emerged from the Farmer's Alliance (Foster, "Gilded Age Politics"), therefore much of their platform was agrarian based. The two strongest issues on their platform were the nationalization of the railroad and a strong currency that could be regulated by the government (The Omaha Platform). Monopolies ran the railroads and monopolies define their prices. The Populist Party outraged by monopoly control began to call for…

Until 1914, the dynamics of colonization were the primary driving factor of international migration. The desire of nation-states to regulate national population and to provide individuals one nationalization under the protection of legal institutions contributed to the rise nationalism. Although the countries of emigration like Germany opt for nationality laws based upon jus sanguinis (German nationality law of 1913), countries of immigration like the United States and France developed political…

In many sectors, the French economy is among the strongest in the world. France is among the leading industrial economies in the automotive, aerospace, and railways sectors, as well as in cosmetics, luxury goods, insurance, pharmaceuticals, telecoms, power generation, defense, agriculture and hospitality. France is also the world's leading tourist destination – at least in terms of numbers, though not in terms of tourist spending. French companies operate worldwide; they run some of the big…

in Chile. His initial strategy was to freeze prices of products and raise wages. The result of this was immediate and there was a boom in consumer buying. This caused a short term of redistribution of income. Allende prioritized the complete nationalization of the copper companies and also extended control into other economic divisions. For example, nationalizing the coal and steel industries, owned sixty percent of banks, and the government took more control over small firms and businesses.…

Salvador Allende won the election in 1970, with a score of 37% and which was less than a half. (Woods, 1979) Thus his presidency must be accepted from Congress. Due to Allende was a socialism, so US was dissatisfied because holding copper company in Chile. Therefore US attempted to intervene and prevent the Congress approving Allende’s presidency. However, Allende won election correctly then Congress cannot response US desire. Allende was the first socialism president in Chile that is not a…

Dual Federalism: According to American Government textbook dual federalism is “the states and national government exercise exclusive authority in distinctly delineated spheres of jurisdiction” (82). In other words, it is a political system where government powers of state and national (federal) government was strictly divided. This is also known as “like the layers of a cake” (82). A historical example is when Congress passed the Sherman Antitrust Act of 1890, “which made it illegal to…

Stephen Tate Econ 200 Current Event: The Economic Crisis in Venezuela The economic situation in Venezuela is truly parlous. The country with a population of roughly thirty-one million people is having mass shortages of food, and common necessities such as toilet paper. Yet the reason for this economic crisis is years in the making, and has to deal with very much the political system adopted within the country. According to The Guardian and writer Julian Borger the oil rich country is facing a…