I have a Midterm essay Exam .
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I. Key Words: Do include as many of the following terminology words-many of which will derive from lectures- into each of the two chosen essay responses.
**And remember to consult the required Hubbard and Kane text, the recommended Backhouse text as well as class lecture notes and other suggested scholarly books, journals, and document sources to assist in the research.**
Zhu Di and Zheng He
Chairman Mao and Deng Xiaoping
Shanghai and SWF’s
“The Beijing Spring” and “Socialism with a Chinese Face.”
Francisco Pizarro and Potosi
Suleiman the Magnificent
The Janissaries and Tax Farming
Hideyoshi and Manjiro
Commodore Matthew Perry and The Meiji Restoration 1867
Honda, Subaru, Toyota, and Nissan
Zaibatsu and Keiretsu
Richard Arkwirhgt and James Watt
Joseph Chamberlain and John Seeley
Gosplan and Joseph Stalin
“Barriers to Riches”
The Treaty of Rome 1957
The Maastricht Treaty 1992
“The Eurozone Crisis”
Anne-Robert Turgot and Jean Baptiste Say
Hume, Sir James Steurt, and Adam Smith
Division of Labour
David Ricardo, Jeremy Bentham, Utilitarianism, and John Stuart Mill
William Stanley Jevrons and Leon Walras
The Marshallian School
II. Essay Topics: Complete an response, 5-8 pages, each regarding any two of the topics. Honours students are to follow same research and exam completion scheme from first exam(50 points each).
1. What led to Ancient Chinese commercial as well as industrial growth? In what ways were they innovative? What caused China’s economic stagnation in the early Modern era? How has China become a present day world economic power? Explain ways and events in which Communist China has become strong economically. Will China surpass the United States? Defend your reasoning.
2. How and why was Spain the first modern economic superpower? How did Charles V manage the Spanish Empire? Were his policies beneficial for the empire’s future? What led to Spain’s demise as a superpower?
3. Why is the Ottoman Empire so very unique in global financial history? Yet why is it often deemed “The Forgotten Empire?’ Explain and explain Ottoman Turkey’s economic and political rise as well as the reasons for its’s decline? Is present day Turkey a significant political and economicplayer in the 21st century? Explain ways in which Turkey is currently a rather Westernised nation both economically as well as politically.
4. How and why did Japan become an economic rival to the United States during the end of the 20th century. Illustrate andexplain ways Japanmodernised from the nineteenth century forward as well as the reasons for its’ economic struggles since the 1990’s. Could Japan and the USA nonetheless form an economic alliance to weaken China? Explain.
5. What factors created the rise of the British Empire as well as its’ fall? Were colonial revolts a significant factor for Britain’s world power decline? Are remnants of the British Empire present today even as various global alliances. If so, are these alliances beneficial? Illustrate and explain various former British colonial economies that have loyalties still to Britain. Might other nations learn from them? If so, in which ways?
6. What led to the European Union’s creation? Has it been a success or more a failure? What factors have caused the present Eurozone Crisis? Is it a “Euro Crisis” as well? Argue and defend your reasoning.
7. In what ways have both the French and Scottish Enlightenment eras influenced the study of economics up to the present? Illustrate all important historical figures as well as their economic philosophies. Might their theories be useful
in reforming the present day economic crises? Explain.
8. How did European moral philosophy and historical thought influence Europe’s economics during the eighteenth and nineteenth centuries? Illustrate and explain all important thinkers and their beliefs, as well as ways their ideologies shaped European economics. Were there influences positive? And might their theories be used for present day economic reform? Explain.
II. Martin Text Questions(Honours pupils only).
1. What is “The Great Monetary Settlement?” Is there any such in existence during the present day? Is it good, bad, or a bit of both. Explain.
2. Who was John Locke? What were his “Economic Consequences” as found in early modern economic history? Might his philosophy be useful in economic theory today?
3. What were historical events that reflected “Money Through The Looking Glass?” What was the “Invisible Hand in Action?” Are there positive and negative examples of these concepts today in Money markets? Explain.
4. What were the early historical misgivings regarding money? In turn what were the Ancient Spartan as well as Soviet solutions to money concerns? What are possible solution for money misgivings today?
5. Who was John Law? Are the economic minds such as himself in the present day? Explain.
** Due via email by 7PM, Friday 6 July.
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