economic-history

studyblr question tag ✿

thank you sm for tagging me @studygasms !!

1. What [subjects] are you currently studying?

biology, maths, french, economics, physchem and history!

2. Who would you say is your biggest influence?

my mum!! she’s raised me as a single parent and she’s the strongest most beautiful woman i know!

3. What’s one country you’d like to visit?

not exactly a country (well it is, it’s in Indonesia) but i really really want to visit bali, it looks absolutely incredible!!! i also really want to visit New York 

4. What’s your favorite book?

probably the outsiders by S.E Hinton

5. What do you do to keep yourself motivated?

honestly this tumblr and my study insta really keeps me motivated, it’s also good to have motivating company, which i do!

6. What language(s) would you like to learn? 

well i’ve studied french for almost 7 years and i absolutely adore it, i’d love to study the language in more depth and i would also like to learn italian, another beautiful language!

7. Which holiday do you prefer, Halloween or Christmas?

HALLOWEEN HALLOWEEN HALLOWEEN - my absolute favourite time of the year. i love everything about it, the concept, the movies, the decor, the traditions i just love halloween

8. How old are you?

nineteen

9. Favorite season?

autumn - in my opinion honestly the most beautiful time of the year

10. Who is your favorite band/singer?

lanalanalanalanalana LANA DEL REY!!!!!!!! and catfish and the bottlemen - if you’ve never heard of them look them up right now; they’re incredible.

11. Have you had a good day today?

yes and no, today i had my french oral exam which wasn’t supposed to be until tomorrow, i’ve also been suffering from a migraine all day but other than that i guess it’s been okay!


i tag: @orgnizedmess @studyphanetzz @rhubarbstudies @studypetals @studynostalgic @myleavingcertblog2017 @leavingcert-2017 @cupoftea-studies @study-with-joy and anyone else who wants to answer :-) x

Sciences that best match the signs
  • Aries: Chemistry
  • Taurus: Geology/Geography
  • Gemini: Psychology
  • Cancer: Philosophy
  • Leo: Biology
  • Virgo: Economics/mathematics
  • Libra: Sociology
  • Scorpio: Astronomy
  • Sagittarius: Archeology
  • Capricorn: Chronology/History
  • Aquarius: Physics
  • Pisces: Oceanology
  • 1600s aristocrat: Can you point to one successful example of a capitalist republic in the history of time? You can't, and that's because democratic election of leaders goes against human nature. It might work on a small scale, but all notions of individual liberty are just idealistic pipe dreams. Any time it's been attempted on a large scale, capitalism has killed more people than feudalism ever could. We've already reached the end of history.
  • Radical peasant: *looks at the audience of the stage play like James from The Manor*
3

The Worst Hyperinflation in History and the Death of the Hungarian Pengo,

Inflation is when money loses value over time causing prices to rise. Money is just like any other commodity; it’s value is derived from it’s rarity.  When it comes to fiat currency (paper money that is backed by nothing but trust), money tends to lose value when governments print more of it, the price of goods rises, and thus inflation sets in. When governments print a lot of it at once and money loses value very quickly, hyperinflation sets in.

For most of World War II, Hungary was a member of the Axis Powers.  After suffering severe defeats on the Eastern Front, the Hungarian Government quickly went broke, and being an Axis Power, there weren’t many countries it could burrow money from.  In order to fund the war, the Hungarian Government desperately began to print money to pay for expenses.  In 1944 the largest denomination bill was the 1,000 Pengo note. As the war came to a close, expenses only grew as the Hungarian Government had to fund projects to repair and rebuild the war torn country, provide employment for returning soldiers, and fund many new social programs. Government printing accelerated in order to meet the demand for cash.  As a result, the largest denomination bill at the end of 1945 was the 10,000,000 Pengo bill.

By this point, hyperinflation was seriously disrupting the Hungarian economy. People saw their life savings instantly made worthless. In order to buy basic supplies like food and groceries, people had to go to stores with wheelbarrows full of bricks of cash. Prices doubled on a weekly basis. By July 1946, Hungarian hyperinflation had reached it’s worst. By then the price of goods doubled every 15 hours and the daily rate of inflation was 195%, making an annual rate of inflation of 41.9 quadrillion percent. During this month, the Hungarian government began printing the largest banknote in history, the 100 million billion Pengo bill, or the 100 Quintilian pengo bill (100,000,000,000,000,000,000 (10^20).

In August of 1946, the Pengo had become so worthless that the entire Hungarian money supply of 400 quadrilliard Pengo ( 4×1029 ) had the buying power of 1/100th of an American dollar. On August 1st, the Pengo was declared defunct by the Hungarian government and replaced by the Forint, which was to be exchanged at the rate of 400 octillion Pengo. By then the Pengo had become so worthless that government workers had to be hired to sweep up piles of money from the streets.

The Social Sciences summarised:


International Relations: “The international system is in anarchy”
Political Science: “Power is always in flux”
Economics: “Supply and demand”
Psychology: “Sex, childhood, and trauma”
Sociology: “Relationships are subjective”
History: “Unless it’s written, it becomes anthropology”

Beatrice Webb (1858-1943) was an influential sociologist and economist in England. She was one of the founders of the London School of Economics, as well as the Fabian Society, and coined the term “collective bargaining”.

She was a strong proponent of socialist principles, and made important contributions to politic and economic theory. In 1932 she became the first woman elected as a Fellow of the British Academy. Unfortunately, she died before she could see the Welfare State set up by the Labour post-war government, a development towards which she had worked her entire life.

Transcription of “history of japan”

welcome to my night, where i basically sat down for a whole hour typing this entire thing down. wtf am i even doing. 

———

Japan is an island by the sea, filled with volcanos and its 

♪ beautiful 

In the year negative a billion; Japan might not have been here.

In the year negative forty thousand; it was here and you could walk to it, and some people walked to it.
Then it got warmer some icebergs melted and it became an island, and now theres lots of 

♪ trees ♪

because its warmer. 

So now there’s people on the island that’s basically just hanging out in between the mountains, eating nuts off trees and using the latest technology like 

stones and bowls.

Ding dong ♪

It’s the outside world and they have technology from the future like, really good metal and crazy rice farms. 

Now you can make a lot of rice, really, really quickly. 

That means if you own a farm

you own a lot of food,

which is something everybody needs to 

SURVIVE. 

So that makes you king. 

Rice farming and rice kingdoms spread across the land all the way to here.

The most important kingdoms were,

  • here
  • here
  • here
  • here
  • here, 
  • here 
  • and here.

But this one was the most, most important.

Ruled by a heavenly superperson 

or Emperor for short. 

knock knock.  

get the door,  its 

♪ religion

The new prince wants everyone to try this hot new religion from

Baekje.

Please try this religion.” he said. 

No” said everybody.

♪ Try it ♪”  he said.

“No” said everybody again, quieter this time. 

And so, the religion was put into place and all the rules that came with it. 

Then the government was taken over by another clique and they made some reforms like,

  • making the Government govern more. 
  • And making the Government more like China’s Government, which is a Government that governs more. 

“Hi China.” they said.

”Hi dipshit.” said China.

can you call us something else other than dipshit?” said Japan. 

Like what?” said China.

♪How about sunrise land ♪” said Japan. 

And they stole China’s alphabet and wrote a book. 

‘bout themselves. 

And then they made lots of poetry and art and another book about themselves.

Then they stopped moving the capital every time the emperor died and kept it in one place for awhile. 

~right here~

and they conquered the north, finally. 

Get that squared away.

A rich hipster named Kukai is bored with modern buddhism, visits China and learns a better version which is more  

♪Spiritual

comes back, reinvents the alphabet and causes art and literature to be  

♪great

for a long time.  

And the royal palace turned into such a dream world of art that they really didn’t give a shit about running the country.  

So if you lived outside the palace how are you supposed to protect your shit, from criminals

♪ h i r e   a   s a m u r a i  ♪

Everyone started hiring Samurai. 

  • rich, important people hired samurai.
  • poor people who could not afford to hire samurai did not hire samurai

The samurai became organised and powerful. 

More powerful than the government. 

So they made their own military government 

~here~ 

They let the “Emperor” still be “Emperor” but the Shogun is actually in control. 

Breaking news! 

The Mongols have invaded China!

We’ve invaded China.” said the Mongols. “Please respect us or else we might invade you as well.

okay.” said Japan. 

So the Mongols came over, ready for war and– 

died in a tornado(typhoon). 

But they tried again, and had a nice time fighting with the Japanese but then– 

died in a tornado(typhoon). 

Then the Emperor overthrows the Shogunate and Shogunate overthrows them back and moves to Kyoto and makes a new Shogunate. 

And the “Emperor” can still dress like an Emperor if he wants. 

That’s fine. 

♪ now there’s more art  

  • like painting with less colours 
  • collaborative poetry
  • plays
  • monkey fun
  • tea parties 
  • gardening 
  • architecture
  • FLOWERS.

its time for– 

~who’s going to be the next shogun?~

Usually its the Shogun’s kid.
But the Shogun doesn’t have a kid so he tries to get his brother to quit being a Monk and be the next Shogun.  

He says “ok"

But then shogun has a kid. 

So now who’s it gonna be?

~vote now on your phones!~

And everyone voted so hard that the palace caught on fire and burned down. 

The Shogun actually didn’t care

he was off somewhere doing poetry. 

And the whole country broke into pieces.
Everyone is fighting with each other for local power and 

its anybody’s game.

knock knock. 

its Europe. 

No, they’re not here to take over (yet)
They just wanna sell some shit, like clocks and guns

and ♪ Jesus

so thats cool.  

but everyone’s still fighting each other for control. 

~now with guns~

and wouldn’t it be nice to control the capital?  
Which right now is puppets with no one controlling them

This clan is ready to make a run for it.
But first, they have to trample this smaller clan which is in the way.  

~surprise~

smaller clan wins and the leader of that clan steals the idea of invading the capital and invades the capital and it goes very well.  

He’s about halfway through conquering Japan when someone who works for him, kills him and then someone else who works for him, kills them 

and that guy finishes conquering Japan.  

and then he confiscated everybody’s swords, and made some rules.  

“and now I’m going to invade Korea, and then hopefully China” 

he said and failed and also died.  

But before he died he told these five guys to take care of his five year old son until he’s old enough to be the next ruler of japan

And the five guys said,  

“yeah, right. its not gonna be this kid, its gonna be one of us, cuz we’re grown ups.“ 

And it’s probably gonna be this guy who happens to be way more rich and powerful than the others. 

A lot of people support him but a lot of people support not supporting him. They have a fight, and he wins and starts a new Government

right here. 

♪ Edo

and he still lets the Emperor dress like an “Emperor” and have very nice things. But don’t get confused, this is the new government and they’re very strict. 

So strict they closed the country

No one can leave and no one can come in

Except for the dutch because they wanna buy and sell shit but they have to do it right here

Now that the entire country is not at war with itself,
the population increased a lot. 

  • business increased 
  • schools were built
  • roads were built 
  • everyone learnt to read
  • books were published 
  • there was poetry
  • plays
  • sexy times
  • puppet shows 

and dutch studies.

People started to study European science from books they bought from the Dutch

we’re talking– 

  • geography, 
  • skeletons, 
  • physics, 
  • chemistry, 
  • astronomy,  
  • and maybe even electricity. 

Over time the economic and cultural prosperity began to gradually slow do–

knock knock. 

its the united states.
with huge boats with guns, 

gunboats. 

“open the country. Stop having it be closed.”
said the United States. 

Theres really nothing they could do so they signed a contract that lets United States, Britain and Russia visit Japan anytime they want. 

Chōshū and Satsuma hated this. 

“that sucks.” they said. 

“this sucks!!!!” 

And with almost very little outside help, they overthrew the shogunate and somehow made the emperor the emperor again and moved him to Edo which they renamed, Eastern Capital

they made a new government which was a lot more western. 

they made a new constitution that was pretty western. 

and a military that was pretty western. 

And did you know what else was western?
Thats right, its conquering stuff. 

So what can we conquer?
Korea, they conquered Korea. 

Taking it from its previous owner, China.
and then go a little bit further and Russia rushes in out of nowhere and says, 

“stop, no, you can’t take that.
We were gonna build a railroad through here to try to get some warm water.” 

and Russia builds their railroad supervised by a shit ton of soldiers. 

and then when the railroad was done they downgraded to a fuck ton. 

Did i say downgrade?

I meant upgrade. 

And Japan says, 

“can you maybe chill?”

and russia says, 

“How About Maybe You Chill?” 

Japan is kinda scared of Russia.
You’ll never guess who’s also kinda scared of Russia. 

Great Britain. 

So Japan and Great Britain make an alliance together so they can be 

a little less scared of Russia. 

Feeling confident, Japan goes to war against Russia.
Just for a moment.
and then they both get tired and stop. 

♪ it’s time for World War 1 

The World is about to -Have A War-

Because its the nineteen hundreds and weapons are getting crazy.
and all these Empires are excited to try them out on each other. 

Meanwhile Japan has been enjoying conquering stuff and wants– 

more. 

and the next thing on their list is this part of China and lots of tiny islands

And all of that stuff belongs to Germany which just had war declared on by Britain because Britain is friends with Belgium which is being trespassed by Germany in order to get to France to kick France’s ass because France is friends with Russia who is getting ready to kick Austria’s ass because Austria is getting ready to kick Serbia’s ass because someone from Serbia shot the leader of Austria’s ass or– 

actually shot on the head. 

and Britain is currently friends with Japan so you know what that means. 

Duh, ♪ Japan should take the islands 

which they wanted to do anyway. 

So they called Britain on the tele(gram) to sort of let them know.
and then they did it, and they also helped Britain a little here and there with some errands and stuff. 

Now the war is over. 

Congratulations japan!

You technically fought in the war, which means you get to sit at the negotiating table with the big dudes where they decided who owns what. 

And yes, Japan gets to keep all that shit they stole from Germany, you also get to join the, Post-War Mega alliance– 

♪ the League of Nations 

Whose mission statement is to try not to take over the world. 

The great depression is bad and Japan’s economy is now crappy.  
But the military is doing just fine and it invades Manchuria and the league of nation’s just like– 

“No don’t do that, if you’re in the league of nations you’re not supposed to take over the world.”  

and Japan said “♪ How bout I do anyway? ” 

And Japan invaded more and more and more and, more of China.  

and was planning to invade the entire east!

~You got mail~

Its from Germany.
the new leader of Germany,
he has a cool moustache
and he’s trying to take over the world

and needs friends. 

This also got forwarded to Italy, 

they all decided to be friends because they had so much in common. 

♪ it’s time for World War 2 

Germany is invading the neighbours.
Then they invade the neighbour’s neighbours.
Then the neighbour’s neighbour’s neighbours who happened to be Britain said, “holy shiit”
and United States started helping Britain because they are  

♪ good friends 

and started not helping Japan because  

♪ their friends and our friends are not friends 

plus they’re planning on invading the entire ocean 

The united states is also working on a large very huge bomb.

bigger than any other bomb, ever™.  

Just in case.  

But they still haven’t joined the war.  
War looks bad on TV and united states has really started to care about their image. 

But then Japan spits on them in Hawaii,

and challenges them to war. 

and they say yes, and then Germany

as a symbol of friendship, 

declares war on the United States also.  

So the United States goes to war in Europe.
and they help the gang chase Germany back into Germany.  
and they also start chasing Japan back into Japan.
And they haven’t used the bomb yet and are curious to see if it works.  

So they dropped it on japan.  

they actually dropped two. 

United States installed a new Government, inspired by the United States Government.  
with just the right ingredients for a 

♪ post-war economic miracle 

And Japan starts making  

  • TVs  
  • VCRs
  • automobiles 
  • and camcorders 

as fast as they can and also better than everybody else.

they get rich and the economy goes wild and then the miracle wears off.

But everything’s still pretty cool i guess. 

♪ bye 

——–

i did it. Thank you Bill Wurtz for this wonderful masterpiece. 

BECAUSE–

also p.s.: i sincerely apologise if someone has already made a whole transcript of this. pls u can hire a samurai against me if u wan 2 ;A;

I’m wondering if I should start making posts with pdf links to certain books within academic fields and shit for people if they want to learn about random things like math, sociology, biology, physics, etc. because I could definitely find quite a few pdfs for at least mathematics for everyone to read if they were interested, like yeah of course anyone can look this shit up, but a lot of people don’t even know what things to google to find it? 

Like many people don’t know which mathematics courses come after calculus but would still be interested in it. I think this would be a cool thing to work on idk what yall think. 

I think I’ll test make one for mathematics and if anyone wants to help me with other fields, like linguistics, history, computer science, political science, economics, etc., you should message me and we could collaborate to make some posts with lots of reading material for these fields. 

Madam C.J. Walker born Sarah Breedlove (December 23, 1867 – May 25, 1919) in Delta, Louisiana. Walker was an African-American businesswoman, hair care entrepreneur, tycoon and philanthropist. Her fortune was made by developing and marketing a hugely successful line of beauty and hair products for black women, under the company she founded Madam C.J. Walker Manufacturing Company. The Guinness Book of Records cites Walker as the first female, black or white, who became a millionaire by her own achievements.

“This is a brilliant, daring, and thoroughly researched book. Its originality rests on Ashworth’s remarkable capacity to link commercial and political history to the history of science in the making of the industrial revolution. Ashworth calls into question the claim that a unique scientific culture underpinned Britain’s early industrial ascendancy. Moreover, he emphasizes the role of the British state and its industrial policies rather than “free markets” in providing an effective context for industrial change. In doing so, he knits together commercial expansion, the protectionist and regulatory practices of the state, and the transformation of British technology in a highly compelling manner.”

Glasnost remained mostly a slogan right through 1986. Even geographical locations that could be indicated on Soviet maps were still being shown inaccurately, to foil foreign spies, as if satellite imaging had not been invented, while many cities were entirely missing (one could read about them in foreign publications). Widespread fictitious economic accounting was foiling planners to the point where the KGB employed its own spy satellites to ascertain the size of the Uzbek cotton harvest, but the spy agency itself suffered from internal falsifications. (Emphasis added)

-Stephen Kotkin, Armageddon Averted