The Financial Crisis of Abolition

Author: John Schulz
Publisher: Yale University Press
ISBN: 0300134193
Format: PDF, Docs
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From 1850 to 1914, Brazil enjoyed a long period of political and financial stability that was interrupted just once. During this rupture, 1889-1894, the country suffered two successful coups-d’etat, military government, civil war, and a disastrous decline in the value of the national currency. The five years of disorder and crisis came in the wake of the nation’s abolition of slavery and related financial repercussions. This book examines Brazil’s crisis years, for the first time setting post-slavery financial decisions within their international and local historical contexts. Arguing against the "European dependency” interpretation of Brazil’s history, John Schulz explains how planters’ demands for easy credit after abolition were met with shortsighted economic policies. The failure of the expansionary monetary policy of the 1890s not only illuminates Brazil’s history, it also suggests lessons relevant to financial and political decisions being made today.

The Financial Crisis and the Free Market Cure Why Pure Capitalism is the World Economy s Only Hope

Author: John A. Allison
Publisher: McGraw Hill Professional
ISBN: 0071806784
Format: PDF, Mobi
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The #1 Wall Street Journal Bestseller “Required reading. . . . Shows how our economic crisis was a failure, not of the free market, but of government.” —Charles Koch, Chairman and CEO, Koch Industries, Inc. Did Wall Street cause the mess we are in? Should Washington place stronger regulations on the entire financial industry? Can we lower unemployment rates by controlling the free market? The answer is NO. Not only is free market capitalism good for the economy, says industry expert John Allison, it is our only hope for recovery. As the nation’s longest-serving CEO of a top-25 financial institution, Allison has had a unique inside view of the events leading up to the financial crisis. He has seen the direct effect of government incentives on the real estate market. He has seen how government regulations only make matters worse. And now, in this controversial wake-up call of a book, he has given us a solution. The national bestselling The Financial Crisis and the Free Market Cure reveals: Why regulation is bad for the market—and for the world What we can do to promote a healthy free market How we can help end unemployment in America The truth about TARP and the bailouts How Washington can help Wall Street build a better future for everyone With shrewd insight, alarming insider details, and practical advice for today’s leaders, this electrifying analysis is nothing less than a call to arms for a nation on the brink. You’ll learn how government incentives helped blow up the real estate bubble to unsustainable proportions, how financial tools such as derivatives have been wrongly blamed for the crash, and how Congress fails to understand it should not try to control the market—and then completely mismanages it when it tries. In the end, you’ll understand why it’s so important to put “free” back in free market. It’s time for America to accept the truth: the government can’t fix the economy because the government wrecked the economy. This book gives us the tools, the inspiration—and the cure.

Meltdown The Financial Crisis Consumer Protection and the Road Forward

Author: Larry Kirsch
Publisher: ABC-CLIO
ISBN: 1440842434
Format: PDF, ePub, Mobi
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Meltdown reveals how the Consumer Financial Protection Bureau was able to curb important unsafe and unfair practices that led to the recent financial crisis. In interviews with key government, industry, and advocacy groups along with deep archival research, Kirsch and Squires show where the CFPB was able to overcome many abusive practices, where it was less able to do so, and why. Presents the first comprehensive examination of the CFPB that identifies its successes during its first five years of operation and addresses the challenges the bureau now faces • Exposes the alarming possibility that as the economy recovers, the Consumer Financial Protection Bureau's efforts to protect consumers could be derailed by political and industry pressure • Offers provisional assessment of the effectiveness of the CFPB and consumer protection regulation • Gives readers unique access to insightful perspectives via on-the-record interviews with a cross-section of stakeholders, ranging from Richard Cordray (director of the CFPB) to public policy leaders, congressional staffers, advocates, scholars, and members of the press • Documents the historical and analytic narrative with more than 40 pages of end notes that will assist scholars, students, and practitioners

Developing Intra Regional Exchanges Through the Abolition of Commercial and Tariff Barriers l abolition Des Barri res Commerciales Et Tarifaires Dans la R gion de L Oc an Indien

Author: Stéphanie Rohlfing-Dijoux
Publisher: Peter Lang
ISBN: 2807601286
Format: PDF, Docs
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This book is related to the development of intraregional commercial exchanges in the region of the Indian Ocean. This issue is addressed from an economic as well as from a legal point of view. The contributions, in English and French, aim to present an overview of the economic, customs-related, technical, legal and cultural restraints that hinder the creation of a free trading area. Cet ouvrage est consacre au developpement des echanges commerciaux intraregionaux dans la region de l'Ocean Indien. Cette question est examinee sous un angle politique, economique et juridique. Les differentes contributions, en anglais et en francais, visent a etablir un etat des lieux des freins economiques, douaniers, techniques, juridiques et culturels a la creation d'un espace de libre echange.

Postcapitalism

Author: Paul Mason
Publisher: Farrar, Straus and Giroux
ISBN: 0374710694
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We know that our world is undergoing seismic change—but how can we emerge from the crisis a fairer, more equal society? Over the past two centuries or so, capitalism has undergone profound changes—economic cycles that veer from boom to bust—from which it has always emerged transformed and strengthened. Surveying this turbulent history, Paul Mason’s Postcapitalism argues that we are on the brink of a change so big and so profound that this time capitalism itself, the immensely complex system within which entire societies function, will mutate into something wholly new. At the heart of this change is information technology, a revolution that is driven by capitalism but, with its tendency to push the value of much of what we make toward zero, has the potential to destroy an economy based on markets, wages, and private ownership. Almost unnoticed, in the niches and hollows of the market system, swaths of economic life are beginning to move to a different rhythm. Vast numbers of people are changing how they behave and live, in ways contrary to the current system of state-backed corporate capitalism. And as the terrain changes, new paths open. In this bold and prophetic book, Mason shows how, from the ashes of the crisis, we have the chance to create a more socially just and sustainable economy. Although the dangers ahead are profound, he argues that there is cause for hope. This is the first time in human history in which, equipped with an understanding of what is happening around us, we can predict and shape the future.

The Abolition of the Slave Trade in Southeastern Nigeria 1885 1950

Author: Adiele Eberechukwu Afigbo
Publisher: University Rochester Press
ISBN: 9781580462426
Format: PDF, Mobi
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The Abolition of the Slave Trade in Southeastern Nigeria, 1885 - 1950, is a history of the campaign waged by Great Britain in colonial Nigeria from approximately 1885 on, to abolish the internal slave trade in the Bight of Biafra and its hinterland, a region also known as Eastern Nigeria, Southeastern Nigeria, the Eastern Provinces, or the trans-Niger Provinces. It treats the internal slave trade and the war against it in this region and period as themes separate from the institution of slavery in the same area and the campaign to root it out generally known as emancipation. For this reason, and because slavery and the effort at emancipation have received more attention from scholars, this work concentrates entirely on that aspect of the slave trade and its fortunes under British colonial rule commonly known as abolition. In reconstructing the story of this important and protracted campaign, Adiele Afigbo sheds light on a dark corner of social history that has largely been neglected by historians. Adiele Afigbo is professor in the Department of History and International Relations at Ebonyi State University, Nigeria.

The Slave s Cause

Author: Manisha Sinha
Publisher: Yale University Press
ISBN: 0300182082
Format: PDF, Mobi
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Received historical wisdom casts abolitionists as bourgeois, mostly white reformers burdened by racial paternalism and economic conservatism. Manisha Sinha overturns this image, broadening her scope beyond the antebellum period usually associated with abolitionism and recasting it as a radical social movement in which men and women, black and white, free and enslaved found common ground in causes ranging from feminism and utopian socialism to anti-imperialism and efforts to defend the rights of labor. Drawing on extensive archival research, including newly discovered letters and pamphlets, Sinha documents the influence of the Haitian Revolution and the centrality of slave resistance in shaping the ideology and tactics of abolition. This book is a comprehensive new history of the abolition movement in a transnational context. It illustrates how the abolitionist vision ultimately linked the slave’s cause to the struggle to redefine American democracy and human rights across the globe.

End the Fed

Author: Ron Paul
Publisher: Grand Central Publishing
ISBN: 044656818X
Format: PDF, Mobi
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In the post-meltdown world, it is irresponsible, ineffective, and ultimately useless to have a serious economic debate without considering and challenging the role of the Federal Reserve. Most people think of the Fed as an indispensable institution without which the country's economy could not properly function. But in END THE FED, Ron Paul draws on American history, economics, and fascinating stories from his own long political life to argue that the Fed is both corrupt and unconstitutional. It is inflating currency today at nearly a Weimar or Zimbabwe level, a practice that threatens to put us into an inflationary depression where $100 bills are worthless. What most people don't realize is that the Fed -- created by the Morgans and Rockefellers at a private club off the coast of Georgia -- is actually working against their own personal interests. Congressman Paul's urgent appeal to all citizens and officials tells us where we went wrong and what we need to do fix America's economic policy for future generations.

Capitalizing on Crisis

Author: Greta R. Krippner
Publisher: Harvard University Press
ISBN: 0674050843
Format: PDF
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Capitalizing on Crisis offers a political sociology of the rise of finance in the U.S. economy over the last three decades. Krippner’s core argument is that successive U.S. administrations embraced policy choices that heightened financialization as a way to escape direct confrontation with the pressing issues of fiscal crisis and legitimation crisis that emerged in the late 1960’s, rather than as a policy goal of its own. This is an extremely important argument for understanding the last forty years of U.S. politics and social development and it helps reconnect economic sociology to political sociology. Krippner focuses on state actions that were crucial to creating a macroenvironment conducive to financialization: (1) the deregulation of financial markets during the 1970s and 1980s; (2) policies that encouraged foreign capital inflows into the U.S. economy in the context of large fiscal imbalances in the early 1980s; and (3) changes in the conduct of monetary policy following the shift to tight monetary policies (high interest rates) in 1979.

The Bank That Lived a Little

Author: Philip Augar
Publisher: Penguin UK
ISBN: 0241335981
Format: PDF, Docs
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Based on unparalleled access to those involved, and told with compelling pace and drama, The Bank that Lived a Little describes three decades of boardroom intrigue at one of Britain's biggest financial institutions. In a tale of feuds, grandiose dreams and a struggle for supremacy between rival strategies and their adherents, Philip Augar gives a riveting account of Barclays' journey from an old Quaker bank to a full-throttle capitalist machine. The disagreement between those ambitious for Barclays to join the top table of global banks, and those preferring a smaller domestic role more in keeping with the bank's traditions, cost three chief executives their jobs and continues to divide opinion within Barclays, the City and beyond. This is an extraordinary corporate thriller, which among much else describes how Barclays came to buy Lehman Brothers for a bargain price in 2008, why it was so keen to avoid taking government funding during the financial crisis, and the price shareholders have paid for a decade of barely controlled ambition. But Augar also shows how Barclays' experiences are a paradigm for Britain's social and economic life over thirty years, which saw the City move from the edge of the economy to its very centre. These decades created unprecedented prosperity for a tiny number, and made the reputations of governments and individuals but then left many of them in tatters. The leveraged society, the winner-takes-all mentality and our present era of austerity can all be traced to the influence of banks such as Barclays. Augar's book tells this rollercoaster story from the perspective of many of its participants - and also of those affected by the grip they came to have on Britain.