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Medieval Economy
It has been estimated that throughout prehistory, the world average GDP per capita was about $158 per annum (adjusted to 2013 dollars), and did not rise much until the Industrial Revolution. The first object or physical thing specifically used in a way similar enough to the modern definition of money, i.e. in exchange, was (probably) cattle. By the 3rd millennium BC, Ancient Egypt was home to almost half of the global population. The city states of Sumer developed a trade and market economy based originally on the commodity money of the shekel which was a certain weight measure of barley, while the Babylonians and their city state neighbors later developed the earliest system of prices using a metric of various commodities that was fixed in a legal code. The early law codes from Sumer could be considered the first (written) financial law, and had many attributes still in use in the current price system today. Temples are history's first documented creditors at interest, begi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Works And Days
''Works and Days'' ( grc, Ἔργα καὶ Ἡμέραι, Érga kaì Hēmérai)The ''Works and Days'' is sometimes called by the Latin translation of the title, ''Opera et Dies''. Common abbreviations are ''WD'' and ''Op''. for ''Opera''. is a didactic poem written by the ancient Greek poet Hesiod around 700 BC. It is in dactylic hexameter and contains 828 lines. At its center, the ''Works and Days'' is a Almanac, farmer's almanac in which Hesiod instructs his brother Perses (brother of Hesiod), Perses in the agricultural arts. Scholars have seen this work against a background of agrarian crisis in mainland Greece, which inspired a wave of Greek colonies, colonial expeditions in search of new land. In the poem, Hesiod also offers his brother extensive moralizing advice on how he should live his life. ''Works and Days'' is perhaps best known for its two mythological aetiology, aetiologies for the toil and pain that define the human condition: the story of Prometheus and Pandora, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paleoclimatology
Paleoclimatology (British spelling, palaeoclimatology) is the study of climates for which direct measurements were not taken. As instrumental records only span a tiny part of Earth's history, the reconstruction of ancient climate is important to understand natural variation and the evolution of the current climate. Paleoclimatology uses a variety of proxy methods from Earth and life sciences to obtain data previously preserved within rocks, sediments, boreholes, ice sheets, tree rings, corals, shells, and microfossils. Combined with techniques to date the proxies, the paleoclimate records are used to determine the past states of Earth's atmosphere. The scientific field of paleoclimatology came to maturity in the 20th century. Notable periods studied by paleoclimatologists are the frequent glaciations that Earth has undergone, rapid cooling events like the Younger Dryas, and the rapid warming during the Paleocene–Eocene Thermal Maximum. Studies of past changes in the environm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ecosystem
An ecosystem (or ecological system) consists of all the organisms and the physical environment with which they interact. These biotic and abiotic components are linked together through nutrient cycles and energy flows. Energy enters the system through photosynthesis and is incorporated into plant tissue. By feeding on plants and on one another, animals play an important role in the movement of matter and energy through the system. They also influence the quantity of plant and microbial biomass present. By breaking down dead organic matter, decomposers release carbon back to the atmosphere and facilitate nutrient cycling by converting nutrients stored in dead biomass back to a form that can be readily used by plants and microbes. Ecosystems are controlled by external and internal factors. External factors such as climate, parent material which forms the soil and topography, control the overall structure of an ecosystem but are not themselves influenced by the ecosystem. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Band Society
A band society, sometimes called a camp, or in older usage, a horde, is the simplest form of human society. A band generally consists of a small kin group, no larger than an extended family or clan. The general consensus of modern anthropology sees the average number of members of a social band at the simplest level of foraging societies with generally a maximum size of 30 to 50 people. Origins of usage in anthropology Band was one of a set of three terms employed by early modern ethnography to analyse aspects of hunter-gatherer foraging societies. The three were respectively 'horde,' 'band', and 'tribe'. The term 'horde', formed on the basis of a Turkish/Tatar word ''úrdú'' (meaning 'camp'), was inducted from its use in the works of J. F. McLennan by Alfred William Howitt and Lorimer Fison in the mid-1880s to describe a geographically or locally defined division within a larger tribal aggregation, the latter being defined in terms of social divisions categorized in terms of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paleolithic
The Paleolithic or Palaeolithic (), also called the Old Stone Age (from Greek: παλαιός ''palaios'', "old" and λίθος ''lithos'', "stone"), is a period in human prehistory that is distinguished by the original development of stone tools, and which represents almost the entire period of human prehistoric technology. It extends from the earliest known use of stone tools by hominins, 3.3 million years ago, to the end of the Pleistocene, 11,650 cal BP. The Paleolithic Age in Europe preceded the Mesolithic Age, although the date of the transition varies geographically by several thousand years. During the Paleolithic Age, hominins grouped together in small societies such as bands and subsisted by gathering plants, fishing, and hunting or scavenging wild animals. The Paleolithic Age is characterized by the use of knapped stone tools, although at the time humans also used wood and bone tools. Other organic commodities were adapted for use as tools, includ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Recession
The COVID-19 recession, also referred to as the Great Lockdown, is a global recession, global economic recession caused by the COVID-19 pandemic. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other precautions taken in early 2020 drove the global economy into crisis. Within seven months, every advanced economy had fallen to recession. The first major sign of recession was the 2020 stock market crash, which saw major indices drop 20 to 30% in late February and March. Recovery began in early April 2020; by April 2022, the GDP for most major economies had either returned to or exceeded pre-pandemic levels and many market indices recovered or even set new records by late 2020. The recession saw unusually high and rapid increases in unemployment in many countries. By October 2020, more than 10 million unemployment cases had been filed in the U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Recession
The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. One result was a serious disruption of normal international relations. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system, along with a series of triggering events that began with the bursting of the United States housing bubble in 2005–2012. When housing prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined in 2007–2008, causing several to collapse or be bailed out in September 2008. This 2007–2008 phase was called the subprime mortgage crisis. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shipping Containers
A shipping container is a container with strength suitable to withstand shipment, storage, and handling. Shipping containers range from large reusable steel boxes used for intermodal shipments to the ubiquitous corrugated boxes. In the context of international shipping trade, "container" or "shipping container" is virtually synonymous with " intermodal freight container" (sometimes informally called a "sea can"), a container designed to be moved from one mode of transport to another without unloading and reloading. Intermodal freight containers Freight containers are a reusable transport and storage unit for moving products and raw materials between locations or countries. There are about seventeen million intermodal containers in the world, and a large proportion of the world's long-distance freight generated by international trade is transported in shipping containers. In addition, it is estimated that several million of these containers have now been discarded due to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Conversion
Energy transformation, also known as energy conversion, is the process of changing energy from one form to another. In physics, energy is a quantity that provides the capacity to perform work or moving, (e.g. Lifting an object) or provides heat. In addition to being converted, according to the law of conservation of energy, energy is transferable to a different location or object, but it cannot be created or destroyed. The energy in many of its forms may be used in natural processes, or to provide some service to society such as heating, refrigeration, lighting or performing mechanical work to operate machines. For example, to heat a home, the furnace burns fuel, whose chemical potential energy is converted into thermal energy, which is then transferred to the home's air to raise its temperature. Limitations in the conversion of thermal energy Conversions to thermal energy from other forms of energy may occur with 100% efficiency. Conversion among non-thermal forms of energy m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Growth
Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of increase in the real gross domestic product, or real GDP. Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the prices of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure. The economic growth-rates of countries are commonly compared using the ratio of the GDP to population (per-capita income). The "rate of economic growth" refers to the geometric annual rate of growth in GDP between the first and the last year over a period of time. This growth rate represents the trend in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industrial Revolution
The Industrial Revolution was the transition to new manufacturing processes in Great Britain, continental Europe, and the United States, that occurred during the period from around 1760 to about 1820–1840. This transition included going from hand production methods to machines, new chemical manufacturing and iron production processes, the increasing use of steam power and water power, the development of machine tools and the rise of the mechanized factory system. Output greatly increased, and a result was an unprecedented rise in population and in the rate of population growth. Textiles were the dominant industry of the Industrial Revolution in terms of employment, value of output and capital invested. The textile industry was also the first to use modern production methods. The Industrial Revolution began in Great Britain, and many of the technological and architectural innovations were of British origin. By the mid-18th century, Britain was the world's leadi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
