Sean
UPDATE:
Added Gelvin and Final Essays to work on. The order is:
1. Lecture Concepts
2. Frieden
3. Gelvin
4. Final Essays
Please Note: If you want to correct any answers, please use strikeout and highlight instead of deleting the old text. Highlight your new answer, and strikeout the incorrect answer. I will try to come through and doublecheck and correct as needed. If you give an answer, if you know the book, please list the author’s name and page number with your answer so we can all read up on it. I will add the Gelvin notes as soon as I get them. This is a public document, please share with anyone in JSIS 201! Thanks!
CONCEPTS FROM PROF. MIGDAL’S
POWERPOINTS
Free trade open markets, very limited government restrictions on export & import Concert of Europe . Lasted until WWI (1914) Balance of power premise that if one of the powers constitutes aggression, remaining powers will unite to counter the aggressor
Gold Standard The main feature of the gold exchange standard is that the government guarantees a fixed exchange rate to the currency of another country that uses a gold standard (specie or bullion), regardless of what type of notes or coins are used as a means of exchange. This creates a de facto gold standard, where the value of the means of exchange has a fixed external value in terms of gold that is independent of the inherent value of the means of exchange itself. In financing the war and abandoning gold, many of the belligerents suffered drastic inflations. Price levels doubled in the US and Britain, tripled in France and quadrupled in Italy. Exchange rates change less, even though European inflations were more severe than America’s. This meant that the costs of American goods decreased relative to those in Europe. Between
August 1914 and spring of