all three of which were established under charters from the British East India Company. For many years the Presidency banks acted as quasi-central banks‚ as did their successors. The three banks merged in 1921 to form the Imperial Bank of India‚ which‚ upon India ’s independence‚ became the State Bank of India in 1955. History Indian merchants in Calcutta established the Union Bank in 1839‚ but it failed in 1848 as a consequence of the economic crisis of 1848-49. The Allahabad Bank‚ established
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The moveable type printing press was invented in 1450 and by 1500 it had spread through most of western Europe to the extent where societies became more dependent on it than scribal work.1 This remarkable expansion has had numerous effects on the development of science and technology in European societies. The reasons that this expansion had such a major impact was that it allowed for language standardization‚ the Protestant Reformation and the wide adoption of specific scientific techniques such
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1. Political Environment India became an official republic in 1950‚ and is currently the second largest country with a population of over 1.2 billion people. The country is made up of 28 states and 7 union territories. It functions as a federation‚ with a central federal government as the point of unification among its partially self-governed states and regions. India’s parliamentary system is governed by Constitutional law which came into force on 26th January 1950. Some of the strengths
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How have changing world conditions promoted internationalism? Social 20 How have changing world conditions promoted internationalism? One way is by creating a global village.Globalization has changed the way we communicate‚ travel‚ engage in politics‚ do business‚ socialize‚ and experience other cultures. The world has become more globalized‚ case in point the 2003 SARS outbreak was spread thru air travel
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THE KEY ROLE OF TECHNOLOGICAL PROGRESS IN ECONOMIC GROWTH A key determinant of economic growth is technology‚ or ways or combining re¬sources to produce goods and services. New management techniques‚ scientific dis¬coveries‚ and other innovations improve technology. Technological advances allow the production of more output from a given amount of resources. This means that technological progress accelerates economic growth for any given rate of growth in the labor force and the capital stock.
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3. Analyze the ways in which the cold war affected the political development of European nations from the end of the Second World War in 1945 to the construction of the Berlin wall in 1961. From 1945 to 1961‚ the cold war affected the political development of European nations by causing the formation of the Iron Curtain‚ which was the division of a free‚ democratic West and a totalitarian East. Socially‚ NATO and the COMECON were established‚ which formed the west and east into different blocs.
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Political and Economic Changes In Bulgaria Over the course of the past two months‚ January and February 1997‚ Bulgaria has undergone some sweeping political changes and its economy has deteriorated into further collapse. The following is an attempt to describe the events which took place in Bulgaria in January and February of 1997. This is somewhat of a difficult task given the current rate of political‚ economical and social changes which are occurring in Bulgaria. What follows is an account
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Emerging Economies and Globalization B6512 Global Business: Exploration and Evaluation of Culture and Economics Courtez Kirkwood Argosy University The Product Life Cycle Theory In the mid-1960s‚ Raymond Vernon proposed a trade theory that is specific production in the US and expansion to global markets. Vernon believed that most of the world’s new products in 20th centuries were developed and sold by U.S firms. Vernon was a strong believer that products produced in the U.S
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Explain the Economic Order Quantity (EOQ) from first principles. EOQ‚ or Economic Order Quantity‚ was developed by F. W. Harris in1913‚ even if R. H. Wilson is recognized for his early deeply analysis of the model. Harris’s original paper was disseminated; it actually was ignored for many years before its rediscovery in 1988. During this period‚ a lot misunderstanding developed over the origin of the EOQ model. The model is defined as the optimal quantity of orders that minimizes total variable
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Economical‚ political and social identity of European union: How can an European union ‘citizen’ identity be produced? Zuzana Kokindová ESF MUNI 2008 European Union today has 27 member states. It didn’t happen just from one day to another‚ it has a long history. It started with The European Coal and Steel Community (ECSC) in 1951 and became through long process The European Union (1993) which is based on Maastricht Treaty. This treaty‚ for the first time‚ talk about union between
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