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Customs Duties
A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and policy that taxes foreign products to encourage or safeguard domestic industry. ''Protective tariffs'' are among the most widely used instruments of protectionism, along with import quotas and export quotas and other non-tariff barriers to trade. Tariffs can be fixed (a constant sum per unit of imported goods or a percentage of the price) or variable (the amount varies according to the price). Taxing imports means people are less likely to buy them as they become more expensive. The intention is that they buy local products instead, boosting their country's economy. Tariffs therefore provide an incentive to develop production and replace imports with domestic products. Tariffs are meant to reduce pressure from foreign competition and reduce th ...
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Government
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed govern ...
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Short Run
In economics, the long-run is a theoretical concept in which all markets are in equilibrium, and all prices and quantities have fully adjusted and are in equilibrium. The long-run contrasts with the short-run, in which there are some constraints and markets are not fully in equilibrium. More specifically, in microeconomics there are no fixed factors of production in the long-run, and there is enough time for adjustment so that there are no constraints preventing changing the output level by changing the capital stock or by entering or leaving an industry. This contrasts with the short-run, where some factors are variable (dependent on the quantity produced) and others are fixed (paid once), constraining entry or exit from an industry. In macroeconomics, the long-run is the period when the general price level, contractual wage rates, and expectations adjust fully to the state of the economy, in contrast to the short-run when these variables may not fully adjust. History The di ...
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Repeal Of The Corn Laws
The Corn Laws were tariffs and other trade restrictions on imported food and corn enforced in the United Kingdom between 1815 and 1846. The word ''corn'' in British English denotes all cereal grains, including wheat, oats and barley. They were designed to keep corn prices high to favour domestic producers, and represented British mercantilism. The Corn Laws blocked the import of cheap corn, initially by simply forbidding importation below a set price, and later by imposing steep import duties, making it too expensive to import it from abroad, even when food supplies were short. The House of Commons passed the corn law bill on March 10, 1815, the House of Lords on March 20 and the bill received Royal assent on March 23, 1815. The Corn Laws enhanced the profits and political power associated with land ownership. The laws raised food prices and the costs of living for the British public, and hampered the growth of other British economic sectors, such as manufacturing, by reducing t ...
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Paul Bairoch
Paul Bairoch (24 July 1930 in Antwerp – 12 February 1999 in Geneva) was a (in 1985 naturalised) Swiss economic history, economic historian of Belgian descent who specialized in urban history and historical demography. He published or co-authored more than two dozen books and 120 scholarly articles. His most important works emphasize the agricultural preconditions necessary for industrialization and controversially claim, contrary to most scholars that colonization was not beneficial to colonial empires. He argued that tariffs and growth were positively correlated in the 19th century. Academic career Bairoch gained a bachelor's degree by correspondence, intending to become an engineer but he turned to studying economic history in 1956 at the parisian Ecole Pratique des Hautes Etudes. He obtained his doctorate in 1963 at the Free University of Brussels (1834–1969), Free University of Brussels where he worked from 1965 to 1995. He was economic adviser to the General Agreement on ...
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Pig Iron
Pig iron, also known as crude iron, is an intermediate product of the iron industry in the production of steel which is obtained by smelting iron ore in a blast furnace. Pig iron has a high carbon content, typically 3.8–4.7%, along with silica and other constituents of dross, which makes it brittle and not useful directly as a material except for limited applications. The traditional shape of the molds used for pig iron ingots is a branching structure formed in sand, with many individual ingots at right angles to a central channel or "runner", resembling a litter of piglets being nursed by a sow. When the metal had cooled and hardened, the smaller ingots (the "pigs") were simply broken from the runner (the "sow"), hence the name "pig iron". As pig iron is intended for remelting, the uneven size of the ingots and the inclusion of small amounts of sand cause only insignificant problems considering the ease of casting and handling them. History Smelting and producing wroug ...
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Robert Walpole
Robert Walpole, 1st Earl of Orford, (26 August 1676 – 18 March 1745; known between 1725 and 1742 as Sir Robert Walpole) was a British statesman and Whig politician who, as First Lord of the Treasury, Chancellor of the Exchequer, and Leader of the House of Commons, is generally regarded as the ''de facto'' first Prime Minister of Great Britain. Although the exact dates of Walpole's dominance, dubbed the "Robinocracy", are a matter of scholarly debate, the period 1721–1742 is often used. He dominated the Walpole–Townshend ministry, as well as the subsequent Walpole ministry, and holds the record as the longest-serving British prime minister. W. A. Speck wrote that Walpole's uninterrupted run of 20 years as prime minister "is rightly regarded as one of the major feats of British political history. Explanations are usually offered in terms of his expert handling of the political system after 1720, ndhis unique blending of the surviving powers of the crown with the ...
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Peloponnesian War
The Peloponnesian War (431–404 BC) was an ancient Greek war fought between Athens and Sparta and their respective allies for the hegemony of the Greek world. The war remained undecided for a long time until the decisive intervention of the Persian Empire in support of Sparta. Led by Lysander, the Spartan fleet built with Persian subsidies finally defeated Athens and started a period of Spartan hegemony over Greece. Historians have traditionally divided the war into three phases. The first phase (431–421 BC) was named the Ten Years War, or the Archidamian War, after the Spartan king Archidamus II, who launched several invasions of Attica with the full hoplite army of the Peloponnesian League, the alliance network dominated by Sparta. However, the Long Walls of Athens rendered this strategy ineffective, while the superior navy of the Delian League (Athens' alliance) raided the Peloponnesian coast to trigger rebellions within Sparta. The precarious Peace of Nicias was si ...
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East Mediterranean
Eastern Mediterranean is a loose definition of the eastern approximate half, or third, of the Mediterranean Sea, often defined as the countries around the Levantine Sea. It typically embraces all of that sea's coastal zones, referring to communities connected with the sea and land greatly climatically influenced. It includes the southern half of Turkey's main region Anatolia, its smaller Hatay Province, the island of Cyprus, the Greek Dodecanese islands, and the countries of Egypt, Israel, Jordan, Palestine, Syria and Lebanon. Its broadest uses can embrace the Libyan Sea thus Libya; the Aegean Sea thus European Turkey (East Thrace), the mainland and islands of Greece; and a central part of the Mediterranean, the Ionian Sea, thus southern Albania in Southeast Europe reaching, west, to Italy's farthest south-eastern coasts. Jordan is climatically, and economically part of the region. Regions The eastern Mediterranean region is commonly interpreted in two ways: *The Levant, ...
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Piraeus
Piraeus ( ; el, Πειραιάς ; grc, Πειραιεύς ) is a port city within the Athens urban area ("Greater Athens"), in the Attica region of Greece. It is located southwest of Athens' city centre, along the east coast of the Saronic Gulf. The municipality of Piraeus and four other suburban municipalities form the regional unit of Piraeus, sometimes called the Greater Piraeus area, with a total population of 448,997. At the 2011 census, Piraeus had a population of 163,688 people, making it the fifth largest municipality in Greece2011 POPULATION AND HOUSING CENSUS, HELLENIC STATISTICAL AUTHORITY, http://www.statistics.gr/documents/20181/1215267/A1602_SAM01_DT_DC_00_2011_03_F_EN.pdf/cb10bb9f-6413-4129-b847-f1def334e05e and the second largest (after the municipality of Athens) within the Athens urban area. Piraeus has a long recorded history, dating back to ancient Greece. The city was founded in the early 5th century BC, when plans to make it the new port of Athens ...
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Classical Athens
The city of Athens ( grc, Ἀθῆναι, ''Athênai'' .tʰɛ̂ː.nai̯ Modern Greek: Αθήναι, ''Athine'' or, more commonly and in singular, Αθήνα, ''Athina'' .'θi.na during the classical period of ancient Greece (480–323 BC) was the major urban centre of the notable ''polis'' (city-state) of the same name, located in Attica, Greece, leading the Delian League in the Peloponnesian War against Sparta and the Peloponnesian League. Athenian democracy was established in 508 BC under Cleisthenes following the tyranny of Isagoras. This system remained remarkably stable, and with a few brief interruptions remained in place for 180 years, until 322 BC (aftermath of Lamian War). The peak of Athenian hegemony was achieved in the 440s to 430s BC, known as the Age of Pericles. In the classical period, Athens was a centre for the arts, learning and philosophy, home of Plato's Academy and Aristotle's Lyceum, Athens was also the birthplace of Socrates, Plato, Pericles, Ari ...
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Average Levels Of Duties (1875 And 1913)
In ordinary language, an average is a single number taken as representative of a list of numbers, usually the sum of the numbers divided by how many numbers are in the list (the arithmetic mean). For example, the average of the numbers 2, 3, 4, 7, and 9 (summing to 25) is 5. Depending on the context, an average might be another statistic such as the median, or mode. For example, the average personal income is often given as the median—the number below which are 50% of personal incomes and above which are 50% of personal incomes—because the mean would be higher by including personal incomes from a few billionaires. For this reason, it is recommended to avoid using the word "average" when discussing measures of central tendency. General properties If all numbers in a list are the same number, then their average is also equal to this number. This property is shared by each of the many types of average. Another universal property is monotonicity: if two lists of numbers ''A'' and ...
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Average Tariff Rates In Spain And Italy (1860-1910)
In ordinary language, an average is a single number taken as representative of a list of numbers, usually the sum of the numbers divided by how many numbers are in the list (the arithmetic mean). For example, the average of the numbers 2, 3, 4, 7, and 9 (summing to 25) is 5. Depending on the context, an average might be another statistic such as the median, or mode. For example, the average personal income is often given as the median—the number below which are 50% of personal incomes and above which are 50% of personal incomes—because the mean would be higher by including personal incomes from a few billionaires. For this reason, it is recommended to avoid using the word "average" when discussing measures of central tendency. General properties If all numbers in a list are the same number, then their average is also equal to this number. This property is shared by each of the many types of average. Another universal property is monotonicity: if two lists of numbers ''A'' ...
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