Feudalism Feudalism was a set of legal and military customs in medieval Europe that flourished between the 9th and 15th centuries. Broadly defined, it was a system for structuring society around relationships derived from the holding of land in exchange for service or labour. Although derived from the Latin word feodum or feudum (fief),[1] then in use, the term feudalism and the system it describes were not conceived of as a formal political system by the people living in the medieval period. In its classic definition, by François-Louis Ganshof (1944),[2] feudalism describes a set of reciprocal legal and military obligations among the warrior nobility, revolving around the three key concepts of lords, vassals and fiefs.[2] There is also a broader definition, as described by Marc Bloch (1939), that includes not only warrior nobility but all three estates of the realm: the nobility, the clerics and the peasantry bonds of manorialism; this is sometimes referred to as a "feudal society". Definition
Monetarism Monetarism is a school of economic thought that emphasizes the role of governments in controlling the amount of money in circulation. It is the view within monetary economics that variation in the money supply has major influences on national output in the short run and the price level over longer periods and that objectives of monetary policy are best met by targeting the growth rate of the money supply.[1] Monetarism today is mainly associated with the work of Milton Friedman, who was among the generation of economists to accept Keynesian economics and then criticize Keynes' theory of gluts using fiscal policy (government spending). Description[edit] Monetarism is an economic theory that focuses on the macroeconomic effects of the supply of money and central banking. The result was summarized in a historical analysis of monetary policy, Monetary History of the United States 1867–1960, which Friedman coauthored with Anna Schwartz. Opposition to the gold standard[edit] Rise[edit] General:
Nazism Nazism, or National Socialism in full (German: Nationalsozialismus), is the ideology and practice associated with the 20th-century German Nazi Party and state as well as other related far-right groups. Usually characterised as a form of fascism that incorporates scientific racism and antisemitism, Nazism originally developed from the influences of pan-Germanism, the Völkisch German nationalist movement and the anti-communist Freikorps paramilitary culture in post-First World War Germany, which many Germans felt had been left humiliated by the Treaty of Versailles. German Nazism subscribed to theories of racial hierarchy and social Darwinism, asserted the superiority of an Aryan master race, and criticised both capitalism and communism for being associated with Jewish materialism. The Nazi Party was founded as the pan-German nationalist and antisemitic German Workers' Party in January 1919. Etymology Position in the political spectrum Origins Völkisch nationalism
Money supply Money supply data are recorded and published, usually by the government or the central bank of the country. Public and private sector analysts have long monitored changes in money supply because of its effects on the price level, inflation, the exchange rate and the business cycle.[4] That relation between money and prices is historically associated with the quantity theory of money. The nature of this causal chain is the subject of contention. In addition, those economists seeing the central bank's control over the money supply as feeble say that there are two weak links between the growth of the money supply and the inflation rate. Empirical measures in the United States Federal Reserve System[edit] See also European Central Bank for other approaches and a more global perspective. Money is used as a medium of exchange, a unit of account, and as a ready store of value. This continuum corresponds to the way that different types of money are more or less controlled by monetary policy.
Capitalism The degree of competition, role of intervention and regulation, and scope of state ownership varies across different models of capitalism.[5] Economists, political economists, and historians have taken different perspectives in their analysis of capitalism and recognized various forms of it in practice. These include laissez-faire capitalism, welfare capitalism, crony capitalism and state capitalism; each highlighting varying degrees of dependency on markets, public ownership, and inclusion of social policies. The extent to which different markets are free, as well as the rules defining private property, is a matter of politics and policy. Etymology[edit] The term capitalist as referring to an owner of capital (rather than its meaning of someone adherent to the economic system) shows earlier recorded use than the term capitalism, dating back to the mid-17th century. Economic elements[edit] The essential feature of capitalism is the investment of money in order to make a profit.[35]
Quantity theory of money In monetary economics, the quantity theory of money states that money supply has a direct, proportional relationship with the price level. While mainstream economists agree that the quantity theory holds true in the long run, there is still disagreement about its applicability in the short run. Critics of the theory argue that money velocity is not stable and, in the short-run, prices are sticky, so the direct relationship between money supply and price level does not hold. Alternative theories include the real bills doctrine and the more recent fiscal theory of the price level. Origins and development of the quantity theory[edit] The quantity theory descends from Copernicus,[1][2] followers of the School of Salamanca, Jean Bodin,[3] and various others who noted the increase in prices following the import of gold and silver, used in the coinage of money, from the New World. John Maynard Keynes, like Marx, accepted the theory in general and wrote... "This Theory is fundamental. where and , or
Fascism Fascism (/ˈfæʃɪzəm/) is a form of radical authoritarian ultranationalism,[1][2] characterized by dictatorial power, forcible suppression of opposition and strong regimentation of society and of the economy,[3] which came to prominence in early 20th-century Europe.[4] The first fascist movements emerged in Italy during World War I before it spread to other European countries.[4] Opposed to liberalism, Marxism and anarchism, fascism is usually placed on the far-right within the traditional left–right spectrum.[5][6][7][4][8][9] Fascists saw World War I as a revolution that brought massive changes to the nature of war, society, the state and technology. The advent of total war and the total mass mobilization of society had broken down the distinction between civilians and combatants. Etymology Definitions John Lukacs, Hungarian-American historian and Holocaust survivor, argues that there is no such thing as generic fascism. Position in the political spectrum "Fascist" as a pejorative History
Forex Education | Learn Forex Trading | Forex4Noobs Socialism Socialism is a range of economic and social systems characterised by social ownership and democratic control of the means of production,[10] as well as the political theories and movements associated with them.[11] Social ownership may refer to forms of public, collective or cooperative ownership, or to citizen ownership of equity.[12] There are many varieties of socialism and there is no single definition encapsulating all of them,[13] though social ownership is the common element shared by its various forms.[5][14][15] Etymology The origin of the term "socialism" may be traced back and attributed to a number of originators, in addition to significant historical shifts in the usage and scope of the word. For Andrew Vincent, "[t]he word ‘socialism’ finds its root in the Latin sociare, which means to combine or to share. The related, more technical term in Roman and then medieval law was societas. History Early socialism Paris Commune First International Second International Early 20th century
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