• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Explain these words/ phrases: Spheres of Influence

Extracts from this document...

Introduction

Assignment 1 Explain these words/ phrases: Spheres of Influence A sphere of influence is the area in which another powers or countries wishes to exert its influence so that no hostile government or ideology can take root there. For example, the United States of America regards Central America as coming within its sphere of influence. During the 1980s the US tried to overthrw the communist Sandinista regime in Nicaragua. Another example is before the fall of the USSR. Before its fall in 1991, the it regarded Eastern Europe as its sphere of influence, which is why it felt justified in invading Czecholovakia in 1968 when that country appeared to be adopting more liberal policies. Singapore could also be regarded waithin the English sphere of influence because we have adapted their form of government and law. Monopoly Monopoly is the exclusive control of something. In econmics, it refers to the exclusive control of a commodity or servie ina given market-which leads to higher prices for the consumer. In some countrys monopolies are not common because of their anti-trust laws. An example would be the United States of America. Monopoly also refers to an exclusive privilege, granted by the state or country, of engaging in a particular business or providing a service. In the 17th century, the Dutch took control of Malaka and controlled the spice trade in Java. The Dutch made sure that other European powers could not trade in the Malay Archipelago and only allowed the Europeans trade at Batavia in Java. ...read more.

Middle

Imperialism Imperialism is the policy that aims at building and maintaining an empire, in which many states and peoples, spread over a wide area, are controlled by one dominant state. Imperialism is the opposite of the principle of self-determination, which is the more generally accepted creed today. Imperialism had existed from the times of Alexander the Great. Examples of great Empires are the Roman Empire, which existed two thousand years ago and the English Empire in the 19th to 21st Century. Colonialism Colonialism is the system whereby a state acquires and rules colonies. It could also be system or policy by which a nation maintains or advocates such control or influence on a state. An example of a colony is Hong Kong, for example, which is a colony of Great Britain, until 1997, when China takes over responsibility for it. Many colonies have a limited amount of self-government. Territory. that is ruled by another state. EIC The EIC or East India Company is a British trading company formed by British tradera and merchants. It is one of the most unique and important organizations in the British colonial history. On October 16, 1599, Queen Elizabeth I of England granted a licence to the EIC, awarding it a monopoly of the trade with the East. The company made huge profits from the sale of pepper acquired from Sumatra and Java and sold in London. ...read more.

Conclusion

The shift of goods to Europe (tea, sugar, pepper and tin) was bad for the Company. The Company fell into serious debt and only with considerable government support could it hope to overcome these problems. Both the States General and the States of Holland were prepared to supply extensive credits because tremendous economic interests were involved. The collapse of the Company would be disastrous for the cities where the chambers were located. The Company, however, was trapped in a vicious circle and despite the considerable financial support there was too little money to send sufficient ships and personnel to Asia. On 26th December 1794, almost two hundred years after the adventurous departure of the first four ships the final VOC ship left the roadsted at Texel. The next day it reached Duins where it was confiscated by the English. The same thing happened to many returning ships in 1795. Batavia could only be reached under a neutral flag. The English took over the Dutch trading posts one by one and eventually the VOC could no longer bear the consequences of the Fourth English War. The Company was nationalized , personnel dismissed, ships sold and shipyards closed. In 1803 the Chambers of Delft, Hoorn and Enkhuizen were dissolved. The final patent expired on December 31, 1799and the government took over all outstanding debts to the amount of 119 million guilders. In 1805 trade was de-controlled. The future showed a completely different relation between Holland and East India. It was a sad and quiet end of a glorious trading company. Cheong May Anne (5) 2/11 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level UK, European & Global Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level UK, European & Global Economics essays

  1. A study of Patent system in India in the light of Patent Cooperation Treaty.

    Under all patent systems, once this period has expired, people are free to use the invention as they wish. The limited term of a patent also furthers the public interest by encouraging quick commercialization of inventions, thereby making them available to the public sooner rather than later.

  2. Flower Industry in Netherlands

    orders directly to growers, but now, they start to purchase from Kenya, which is a possible great threat in future. C) Culture and Business Practices * General description of country culture Located in Western Europe, Netherlands is a constitutional monarchy country which carries out a parliamentary democracy.

  1. Where does the World Trade Organisation fit in the overall scheme of international public ...

    and shot through with loopholes, have GATT-style rules and procedures for gradually liberalising important but hitherto highly protected chunks of goods trade. The GATS, although architecturally complicated and with modest commitments to date, nevertheless establishes the framework for the liberalisation of trade and factor movements in cross-border services transactions.

  2. Carbon Credit Trading

    Heinz has expressed interest in sustainable manufacturing. Involving themselves in a program such as the CCX would be beneficial to Heinz, as it would contribute to Heinz's sustainability, as well as provide experience in dealing with future regulatory schemes. The compliance segment of the carbon market is commonly branched off

  1. International Trade - I have been asked to investigate the possibility of a company ...

    The surpluses produce should then be traded. This is important to David Lloyd, as they will have to think whether or not they have a Compartitive advantage over the other gyms and this can play a vital role in their possible success and downfall of the company.

  2. In this report, we shall explore the reasons for the shift from multilateralism to ...

    This is only an inched up from 18% of total trade in 1985 to 20% of the total trade in 1997, which is considered very low. As mentioned above, in 1993-97, preferential trade only represented 3% of the total of Asia.

  1. Peoples' republic of China

    Generally, the Administration (first Bush and then Clinton) favored extension of most favored nation status for the PRC, while strong opposition to that designation for the PRC existed in the Congress. Through early-1996, the Administration position has generally prevailed, although to reach accommodation with the Congress, some governmental restrictions on US-China trade continue (Brauchli & Chang, 1996, p.

  2. Explain how the choice of Singapore as the location of an East India Company ...

    The EIC was formed to share in the East Indian spice trade. This trade had been a monopoly of Spain and Portugal until the defeat of the Spanish Armada (1588) by England gave the English the chance to break the monopoly.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work