Author: Adnan Tukur

THE FREE  ENTERPRISE  SYSTEM

THE FREE ENTERPRISE SYSTEM

Free Enterprise in the United States The U.S. economic system is largely capitalistic. Another name for capitalism is free enterprise. Free enterprise is based on a principle known as the free market system. In economics, a market is business carried on between buyers and sellers. In the free market system, prices help decide what, how, and for whom to produce. Self-interest, profits, competition,... »

THE AGE OF  REVOLUTION  (1750–1914)

THE AGE OF REVOLUTION (1750–1914)

The Middle Ages The thousand or so years following the collapse of the Roman Empire are called the Middle Ages (because they span the years between the ancient world and the modern world), or the medieval period. The first several centuries of this time are often referred to as the Dark Ages. They were “dark” because in Europe, at least, education declined, science stagnated, and trade slowed grea... »

THE TWENTIETH  CENTURY AND  BEYOND  (1945–present)

THE TWENTIETH CENTURY AND BEYOND (1945–present)

As World War II drew to a close in 1945, Allied leaders created the United Nations (the UN). The UN was meant to replace the League of Nations. Most people hoped it would promote peace around the world. That did not happen. Small wars kept breaking out here and there. Sometimes the UN helped, but other times it didn’t. One of the biggest problems the UN faced was the fact that the strongest nation... »

USES OF  GEOGRAPHY World Trade

USES OF GEOGRAPHY World Trade

Patterns People and nations trade with one another to get things they do not have or cannot make for themselves. Among the world’s industrial and developing nations this exchange of goods follows a particular pattern. Since developing nations have fewer factories to manufacture goods, they import most of their factory-made goods from industrial nations. To import means to buy goods from other coun... »

BEGINNINGS  AND EARLY  CIVILIZATIONS  (10,000–1000 BCE)

BEGINNINGS AND EARLY CIVILIZATIONS (10,000–1000 BCE)

Before the fighting ended, the Allies had planned for a world peacekeeping organization called the United Nations (UN). The United States joined the UN when it was organized in October of 1945. The United States came away from World War II as the world’s most powerful and richest nation. Americans now took a serious view of their lives and their role in world affairs. No longer isolationist,... »

GLOBAL  MARKETS AND FOREIGN TRADE

GLOBAL MARKETS AND FOREIGN TRADE

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HALF-CENTURY  OF CRISIS  (1900–1945)

HALF-CENTURY  OF CRISIS  (1900–1945)

  World War I The “’isms” of the 1800s and early 1900s—nationalism, imperialism, and industrialism—helped to create conflict among Europeans. Nations tried to gain power and influence at their neighbor’s expense. No single nation, however, felt powerful enough to stand alone. So most nations formed military alliances. If one member of an alliance was attacked, the other members would come to ... »

BUSINESS  ORGANIZATION  AND LABOR

BUSINESS ORGANIZATION AND LABOR

Sole Proprietorships and Partnerships A sole proprietorship is a business owned by only one person; it may be managed by the owner or by persons the owner chooses. Some businesses commonly organized as sole proprietorships are barber shops, repair shops, service stations, restaurants, and boutiques. The owner of a sole proprietorship enjoys the advantage of not having to share the profits. The own... »

measuring The Economy

measuring The Economy

In order to plan for the needs of its people, a nation must be able to tell how its economy is doing. Economists use a number of ways to measure a national economy. The gross national product, or GNP, measures a country’s total production. GNP is the market value of all the goods and services a country produces in a given year. To avoid double counting, only the final goods and services are includ... »

History Of Lionel Messi

History Of Lionel Messi

Lionel Messi is a soccer player with FC Barcelona and the Argentina national team. He has established records for goals scored and won individual awards en route to worldwide recognition as one of the best players in soccer. Who Is Lionel Messi? Luis Lionel Andres (“Leo”) Messi is an Argentinian soccer player who plays forward for the FC Barcelona club and the Argentina national team. At the age o... »