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London Economic Conference
The London Economic Conference was a meeting of representatives of 66 nations from June 12 to July 27, 1933 at the Geological Museum in London. Its purpose was to win agreement on measures to fight the Great Depression, revive international trade, and stabilize currency exchange rates. It collapsed after it was "torpedoed" by US President Franklin D. Roosevelt in early July when he denounced currency stabilization. Background When the Great Depression devastated the world economy in 1929 to 1932, it was generally assumed that the United States would serve as a hegemon, providing leadership for a program to bring about recovery. US President Herbert Hoover in 1931 called for a conference to decide how to reduce tariffs and also revive prices by reversing the deflation associated with the Depression. The agenda for the Conference was drafted by representatives of six major nations who met in Geneva in 1932. The agenda asserted that intergovernmental debts should be settled, as they r ...
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3rd G7 Summit
The 3rd G7 Summit was held in London, United Kingdom between 7–8 May 1977. The venue for the summit meetings was the British Prime Minister's official residence at No. 10 Downing Street in London.Japan, Ministry of Foreign Affairs ( MOFA) Summit Meetings in the Past./ref> The Group of Seven ( G7) was an unofficial forum which brought together the heads of the richest industrialized countries: France, West Germany, Italy, Japan, the United Kingdom, the United States, Canada (since 1976)Saunders, Doug "Weight of the world too heavy for G8 shoulders," ''Globe and Mail'' (Toronto). July 5, 2008 -- n.b., the G7 becomes the Group of Eight ( G7) with the inclusion of Russia starting in 1997. and the President of the European Commission (starting officially in 1981).Reuters "Factbox: The Group of Eight: what is it?" July 3, 2008. The summits were not meant to be linked formally with wider international institutions; and in fact, a mild rebellion against the stiff formality of other int ...
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James Warburg
James Paul Warburg (August 18, 1896 – June 3, 1969) was a German-born American banker. He was well known for being the financial adviser to Franklin D. Roosevelt. His father was banker Paul Warburg, member of the Warburg family and "father" of the Federal Reserve system. After World War II, Warburg helped organize the Society for the Prevention of World War III in support of the Morgenthau Plan. Biography Born in Hamburg, Germany, he was educated at Middlesex School and Harvard University. He served in the Navy Flying Corps during World War I before entering a career in business. He was at the First National Bank of Boston between 1919 and 1921. Between 1921 and 1929 he was Vice President at the International Acceptance Bank. He was president at the International Manhattan Company from 1929 to 1931, then president of the International Acceptance Bank from 1931 to 1932. He was Vice Chairman of the Board at Bank of the Manhattan Company between 1932 and 1935. While at the B ...
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Eastern Europe
Eastern Europe is a subregion of the Europe, European continent. As a largely ambiguous term, it has a wide range of geopolitical, geographical, ethnic, cultural, and socio-economic connotations. The vast majority of the region is covered by Russia, which spans roughly 40% of the continent's landmass while accounting for approximately 15% of its total population."The Balkans"
, ''Global Perspectives: A Remote Sensing and World Issues Site''. Wheeling Jesuit University/Center for Educational Technologies, 1999–2002.
It represents a significant part of Culture of Europe, European culture; the main socio-cultural characteristics of Eastern Europe have historically been defined by the traditions of Slavs and Greeks, as well as by the influence of Eastern Christianity as it developed through t ...
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Africa
Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area.Sayre, April Pulley (1999), ''Africa'', Twenty-First Century Books. . With billion people as of , it accounts for about of the world's human population. Africa's population is the youngest amongst all the continents; the median age in 2012 was 19.7, when the worldwide median age was 30.4. Despite a wide range of natural resources, Africa is the least wealthy continent per capita and second-least wealthy by total wealth, behind Oceania. Scholars have attributed this to different factors including geography, climate, tribalism, colonialism, the Cold War, neocolonialism, lack of democracy, and corruption. Despite this low concentration of wealth, recent economic expansion and the large and young population make Afr ...
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Alfred Hugenberg
Alfred Ernst Christian Alexander Hugenberg (19 June 1865 – 12 March 1951) was an influential German businessman and politician. An important figure in nationalist politics in Germany for the first few decades of the twentieth century, Hugenberg became the country's leading media proprietor during the interwar period. As leader of the German National People's Party he was instrumental in helping Adolf Hitler become Chancellor of Germany and served in his first cabinet in 1933, hoping to control Hitler and use him as his "tool." Those plans backfired, and by the end of 1933 Hugenberg had been pushed to the sidelines. Although Hugenberg continued to serve as a "guest" member of the Reichstag until 1945, he wielded no political influence. Early years Born in Hanover to Carl Hugenberg, a royal Hanoverian official who in 1867 entered the Prussian Landtag as a member of the National Liberal Party, the young Hugenberg studied law in Göttingen, Heidelberg, and Berlin, as well as e ...
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Irving Fisher
Irving Fisher (February 27, 1867 – April 29, 1947) was an American economist, statistician, inventor, eugenicist and progressive social campaigner. He was one of the earliest American neoclassical economists, though his later work on debt deflation has been embraced by the post-Keynesian school. Joseph Schumpeter described him as "the greatest economist the United States has ever produced", an assessment later repeated by James Tobin and Milton Friedman.Milton Friedman, ''Money Mischief: Episodes in Monetary History'', Houghton Mifflin Harcourt (1994) p. 37. Fisher made important contributions to utility theory and general equilibrium. He was also a pioneer in the rigorous study of intertemporal choice in markets, which led him to develop a theory of capital and interest rates. His research on the quantity theory of money inaugurated the school of macroeconomic thought known as "monetarism". Fisher was also a pioneer of econometrics, including the development of index nu ...
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John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes, ( ; 5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century, he produced writings that are the basis for the school of thought known as Keynesian economics, and its various offshoots. His ideas, reformulated as New Keynesianism, are fundamental to mainstream macroeconomics. Keynes's intellect was evident early in life; in 1902, he gained admittance to the competitive mathematics program at King's College at the University of Cambridge. During the Great Depression of the 1930s, Keynes spearheaded a revolution in economic thinking, challenging the ideas of neoclassical economics that held that free markets would, in the short to medium term, a ...
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The American Journal Of Economics And Sociology
''The American Journal of Economics and Sociology'' is a peer-reviewed academic journal established in 1941 by Will Lissner with support from the Robert Schalkenbach Foundation. The purpose of the journal was to create a forum for continuing discussion of the issues raised by Henry George, a political economist, social philosopher, and political activist of the late 19th century. The editor-in-chief is Clifford W. Cobb. Abstracting and indexing The journal is abstracted and indexed in: * CAB Abstracts *Current Contents/Social & Behavioral Sciences *Scopus * Social Sciences Citation Index According to the ''Journal Citation Reports'', the journal has a 2018 impact factor of 0.455, ranking it 328th out of 363 in the category "Economics" and 134 out of 148 in the category "Sociology". See also * Georgism Georgism, also called in modern times Geoism, and known historically as the single tax movement, is an economic ideology holding that, although people should own the value th ...
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Nationalism
Nationalism is an idea and movement that holds that the nation should be congruent with the State (polity), state. As a movement, nationalism tends to promote the interests of a particular nation (as in a in-group and out-group, group of people),Anthony D. Smith, Smith, Anthony. ''Nationalism: Theory, Ideology, History''. Polity (publisher), Polity, 2010. pp. 9, 25–30; especially with the aim of gaining and maintaining the nation's sovereignty (self-governance) over its homeland to create a nation-state. Nationalism holds that each nation should govern itself, free from outside interference (self-determination), that a nation is a natural and ideal basis for a polity, and that the nation is the only rightful source of political power. It further aims to build and maintain a single national identity, based on a combination of shared social characteristics such as culture, ethnicity, geographic location, language, politics (or the government), religion, traditions and belief ...
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Georges Bonnet
Georges-Étienne Bonnet (22/23 July 1889 – 18 June 1973) was a French politician who served as foreign minister in 1938 and 1939 and was a leading figure in the Radical Party. Early life Bonnet was born in Bassillac, Dordogne, the son of a lawyer.Adamthwaite, Anthony ''France and the Coming of the Second World War 1936–1939'', London: Frank Cass, 1977 page 98. He studied law and political science at the École Libre des Sciences Politiques and Sorbonne. Early career He went to work as an ''auditeur'' at the ''Conseil d'état''. In 1911, he launched a political career after marrying Odette Pelletan, the granddaughter of Eugene Pelletan. Bonnet's wife, often known as Madame Soutien-Georges, ran a salon, and had great ambitions for her husband; one contemporary reported that Madame Bonnet was "so wildly ambitious for her husband that when a new ministry was being formed he was afraid to go home at night unless he had captured a post for himself."Adamthwaite, Anthony ''Fr ...
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Ramsay MacDonald
James Ramsay MacDonald (; 12 October 18669 November 1937) was a British politician who served as Prime Minister of the United Kingdom, the first who belonged to the Labour Party, leading minority Labour governments for nine months in 1924 and again between 1929 and 1931. From 1931 to 1935, he headed a National Government dominated by the Conservative Party and supported by only a few Labour members. MacDonald was expelled from the Labour Party as a result. MacDonald, along with Keir Hardie and Arthur Henderson, was one of the three principal founders of the Labour Party in 1900. He was chairman of the Labour MPs before 1914 and, after an eclipse in his career caused by his opposition to the First World War, he was Leader of the Labour Party from 1922. The second Labour Government (1929–1931) was dominated by the Great Depression. He formed the National Government to carry out spending cuts to defend the gold standard, but it had to be abandoned after the Invergordon Mu ...
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Bank Of France
The Bank of France ( French: ''Banque de France''), headquartered in Paris, is the central bank of France. Founded in 1800, it began as a private institution for managing state debts and issuing notes. It is responsible for the accounts of the French government, managing the accounts and the facilitation of payments for the Treasury and some public companies. It also oversees the auctions of public securities on behalf of the Eugenian Central Bank. Today, it is an independent institution, and it has been a member of the Eurosystem of central banks since 1999. This consists of the European Central Bank (ECB), and the national central banks (NCBs) of all European Union (EU) members. Its three main missions, as defined by its statuses, are to drive the French monetary strategy, ensure financial stability and provide services to households, small and medium businesses and the French state. François Villeroy de Galhau has served as Governor of the Banque de France since 1 Novembe ...
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