European Colonization of the Americas Research Paper

European Colonization of the Americas - Research Paper Example Some say that many of these diseases even occurred because of communicability from Europe to the Americas as well as climate change and environment change for those that were transported from the Americas to Europe. European lifestyle on the whole was very dynamic as compared to the era that the people were living in at the time. People were in close contact with domestic animals like cows, goats, sheep, horses and pigs for the purpose of livelihood and food. This furthered the process of catching diseases due to the lack of medicinal opportunities available to them and thus new germs were introduced to the people, killing almost 10 to 20 million people within the span on the century. Most of these people were the American natives and this led to a great amount of both political as well as cultural instability in the country at the time which gave more leverage for the English to warp in on the opportunity and establish more settlements. For them, it merely meant more land and space to capitalize on. Economically speaking, European countries benefitted a great deal by the degree of goodwill that they gained by exploiting the opportunities with respect to resources available in the Americas; they were able to import spices, cloth, as well as other kinds of treasures like silver. Most of the slaves that were transported were Black Americans and due to the migration, there was a loss of identity and language among the Americans giving yet another upper hand to the Europeans so that they would be able to manage and establish another version of Europe altogether in America. The main reason for English settlement included an inspiration from Spanish conquests during the Inca... This paper stresses that European colonization in history has been regarded as one of the strongest colonial powers; the Europeans were able to set foot in almost all the territories around the world, gaining an excellent base with regard to trade and investment all over. They were able to use their knowhow and intelligence to build on and use resources and thus they managed to exploit opportunities and make themselves stable and rich with time. However, with their colonization in America, they faced problems as well as were termed to be successful in various ways. This report makes a conlcusion that by capitalizing on American resources, setting up industries, building passage ways from the Americas to Europe and furthermore, being able to import and export labour and human resources, they were able to enrich themselves. However, at the same time, this also proved to have certain amount of demerits as American migration proved to bring about communicable diseases in Europe, slaves and labourers were looked down upon with time with regard to international human rights and thus the Europeans were looked at as a harsh and brutish community of people. At the same time, they lost out on a great amount of their own population as well as religion, which tended to make the European countries unstable in terms of polity and social life. With lesser natives in the European countries, they had no choice but to depend on the Americans. In this manner, they were both weakened as well as enriched by their colonization in the Americas.

How has the debt problem in Europe envolved Essay

How has the debt problem in Europe envolved - Essay Example The EU market was lending to Ireland, Greece and Portugal at a rate that was at par with the one offered to Germany in 2008. The assumption at this point in time being that the Euro could never at any one given point break up and as a result, each and every country within the region was taken to be as safe as Germany- which had been considered to be the safest. For a very long time, Germany benefitted from the Euro zone crisis. The country had very low interest rates that made it even easier for the government to borrow more, thus creating a demand for more personal loans. The European Commercial Bank (ECB) even purchased German government bonds. Germany was seen to be the safe haven in European economics. Interest rates in the country had been going down since the start of the first symptoms of the crisis (Broyer, Peterson and Schneider 2012, p.2). . This was a part crisis how had the country performed before? Was it over heating? If no why? Following this assumption, Greece did acc umulate almost 145% of its gross domestic product (GDP) as gross debt, a figure that was by far beyond what the country was capable of producing within a period of about one year and six months. As the crisis was progressing into its third year, it was not clear whether or not it would culminate in bringing to an end the straightening out or further accelerate the continent’s six-decade progress toward slow but sure confederacy, as Europe staggered between the currency’s (Euro) break up and the measurably stouter measures that would pave way for tighter political and fiscal bonds (Ernst & Young 2012, p.1). The move towards a single economic region, as adopted by the European Union in the unveiling of the Euro currency is informed by the optimum currency area theory. Presented by Robert Mundell, the theory outlines the features of a new currency developed after several currencies have merged. It deals with the currency of a region as opposed to that of a country; a part icular region, larger than a particular country has to share a currency (Mundell 1961, pp. 658). In essence, the theory seeks to set out the maximum number of currencies that can be used in one particular region. The theory has enabled the close study of the many economic features that are key pillars in monetary unions. What does the theory say should happen? In spring 2010, Greece was not in a position of borrowing on the open markets at reasonably priced interest rates; a bailout package amounting to 110 billion Euros was devised by the European Union, International Monetary Fund and the European Central Bank. As an act of pay back Greece was required to cut down on its public spending by a quantifiable amount. In May 2010, the European countries’ government leaders made an approval of a contingency fund totalling to 500 billion Euros for the Union at large. In November 2010, Ireland did wrack a banking crisis after the collapse of a housing bubble and was in receipt of a bailout amounting to 6 billion Euros. Portugal, on her side, received 78 billion Euros as a result of a long-term economic laggard (Wharton 2012,