substantially since August 2008. The financial market crisis has led to the collapse of major financial institutions and is now beginning to impact the real economy in the advanced economies. As this crisis is unfolding‚ credit markets appear to be drying up in the developed world India‚ like most other emerging market economies‚ has so far‚ not been seriously affected by the recent financial turmoil in developed economies The global financial crisis‚ brewing for a while‚ really started to show its
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The Cuban Missile Crisis The Days the Earth Held its Breath By Michael Karlov The twentieth century was a very dark time for mankind. Humanity had survived through two devastating World Wars‚ the Great Depression and many other revolutionary events. Moreover‚ humanity witnessed firsthand what science was able to achieve in the military sphere and how much destruction could possibly follow. After the complete obliteration of Hiroshima and Nagasaki in August 1945 with the power of state-of-the-art
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The Global Financial Crisis in 2007–2008 is considered as the worst financial crisis since the Great Depression of the 1930s. It was originally caused by the subprime credit crisis (also known as sub-prime mortgage crisis)‚ which is the surge in default by the U.S. sub-prime credit industry‚ the credit crunch began in the summer of 2007 caused by the international financial market shock‚ panic and crises. Around the world stock markets have fallen‚ large financial institutions have collapsed or been
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The Cuban Missile Crisis‚ an event that occurred in October 1962‚ almost turned the Cold War “hot”‚ presumably destructive for humanity as we know it. However‚ the conflict proved manageable‚ to all participating sides‚ as no nuclear war actually occurred. To evade escalation of the conflict‚ involved nations were obliged to come to an agreement‚ and overcome their differences. To reach the phase of a resolution however‚ opposing states had to undergo a series of events‚ which escalated the conflict
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Timeline of W.W.1 1914 1. Assassination of the archduke Franz Ferdinand: (June 28‚ 1914) the archduke visited Sarajevo to audit the armed forces. While travelling through Sarajevo in an open car a Serbian nationalist threw a bomb at their car which ended up bouncing off the car and injuring an officer. The archduke later visited that officer at the hospital where he later took off again‚ unfortunately‚ the driver took a wrong turn. Gavrilo Princip (Serbian nationalist) spotted him and took a shot
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Causes of World War One The First World War was one of the most immense conflicts of European History. As Woodrow Wilson said‚ World War 1 would be "the war to end all wars." "Between 1914 - 1918‚ over 100 countries from Africa‚ America‚ Asia‚ Australasia and Europe were part of the conflict." (Wilde) The reasons for the declaration of war were varied and related back to the uprising of different ideologies before 1914. Some historians‚ like Joachim Remak‚ say that WW1 was simply "the Third Balkan
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American Die‚” and suddenly we (the sixty Americans) were blindfolded. A fear and panic rose inside of us. Imagine this is you on November 4‚ 1979 when Islamic Revolutionaries kidnapped sixty American Embassy workers. The 444 day Iranian Hostage Crisis was one of the most important turning points of the twentieth century‚ because of its impact the office of president‚ specifically Carter‚ Regan and Bush and how it shaped and molded future
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The Global Financial Crisis: Causes‚ Remedies and Discourses The Global Financial Crisis of 2008-2012 is widely considered to be second in severity to only the Great Depression of the 1930s. Sardonically coined as the ʻGreat Recessionʼ by commentators and media alike‚ what began as a housing crisis in the United States rapidly degenerated into a systemic mess that wrecked brand-name financial institutions‚ led to government bailouts and in some cases‚ liquidation. The crisis reduced consumer wealth
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The Savings and Loan Crisis Savings and loans were created after the great depression as a government regulated way for people to have home mortgage loans. The creation of these savings and loans resulted from thousands of homes being foreclosed after the great depression. The idea of savings and loans were simple; first the government allowed savings and loans to pay slightly higher interest rates on deposits to attract investors. The government also offered insurance for these investments
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Genocide in Bosnia-Herzegovina and Kosovo Abstract As a criminal investigator‚ I choose to view the genocide that occurred in Bosnia -Herzegovina and Kosovo as plain ordinary murder‚ albeit murder on a massive scale and murder that has many different types of victims. In this paper I tried to outline some of the background of the country and its people attempting to show these events as a crime scene. Introduction The purpose of this paper was to inform of the genocides that took
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