The History of Portugal: The Dawn of a Seafaring Empire

The exploration and exploitation of Africa and Asia changed the economies, cultures, and political makeup of each of these regions forever. They also had important ramifications for the political and military power of European nations. And it all began with Portugal. […]

Business and Economics

Asian Tigers: Economics and the Development of the Asian Nations

The Japanese model of development has transformed not only its own economy but also that of the entire region, both through example and through its economic relationships. The transformation began in the 1960s, when Hong Kong, Singapore, Taiwan, and South Korea embarked on a Japanese-style development model. […]

Image of Soup line during Great Depression
American History

What Caused the Great Depression? Exploring the Smoot-Hawley Tariff

To see how economic mistakes can repeat time and again, you need look no further than recent history. The Great Depression was the result of a combination of protectionism, populism, and nationalism that combined with bad government policy to make a toxic brew that mired the U.S. and much of the world in an economic downturn for nearly a decade. These collapses demonstrate how easy it is to assume large-scale economic failures are isolated when in fact they are immersed in long-standing philosophies and can have immense global ramifications. […]

Image of bank sign
Business and Economics

How Banks Endanger The Financial System

After the global financial crisis of 2008, regulators in a number of countries proposed rules to insulate traditional banking (taking deposits and making loans) from the risks associated with other financial services. […]

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