What are the advantages and disadvantages of letters of credit? http://www.answers.com/Q/Advantages_and_disadvantages_of_Letter_of_Credit Letter of Credit Advantages for both Importers and Exporters For the Exporter/Seller: Upon presentation of the specified documents (in strict conformance) the Buyer/Exporter is guaranteed payment (the exception is if the Issuing Bank folds) Eliminates risk of the buyer canceling the order and therefore reduces production risk Makes it easier for the Buyer/Exporter
Premium International trade Legal documents
were created. The others involved in ship trading and delivered the productions across Atlantic. Technology let people advance on other economical aspects of manufacture‚ simultaneously‚ need for labor increased. From my perspective‚ technology is what has changed and still continues to change everything on the Earth‚ particularly when it comes to the history of the economy. People improved transportation with the help of innovations on technology. Since people started to go overseas to explore new
Premium United States Europe Americas
give them what they came and risked their lives for. In my first paper‚ my mind first went to statistics and basic questions a typical person would ask about immigrants for example‚ how many immigrants go undocumented? Where do they come from? In what ways do immigrants affect us? But I quickly noticed that I never went researching what happens before the cross and never thought about researching in-depth questions like‚ In what means of transportation do they get to the borders? What
Premium Sociology United States Immigration
The Columbian Exchange was the biggest trade in the millennium. This Exchange was the exchange of the European products such as plants‚ animals‚ minerals‚ and lifestyles‚ to the Americans and vice-versa. It came together when Christopher Columbus discovered America in 1492. When the Eastern and Western Hemisphere first met. The main influences of the Exchange were animals‚ plants‚ and disease. The establishment of the Old World’s livestock greatly impacted the new worlds culture. Whereas Old World
Premium
What is intelligence? Sattler describes a famous symposium conducted in 1921 at which 13 psychologists gave 13 different definitions of intelligence (1992‚ pp. 44-45). Some of these definitions are paraphrased below: Intelligence is. . . the tendency to take and maintain a direction. . . judgment‚ otherwise called good sense‚ practical sense‚ initiative. . . everything intellectual can be reduced to . . . relations or correlates. . . adjustment or adaptation to the environment. . . global capacity
Free Intelligence Psychometrics Intelligence quotient
Around this time‚ things started to be clearer. War itself along with trade was a mixture of disaster and it only made more problems for us. Diasporic Communities were full of merchants like me and we helped set up communities where cultural traditions were shared and spread throughout into indigenous culture. An example can be the Jewish communities in the Mediterranean‚ Indian Ocean Basin‚ or along the Silk Roads. When I was traveling from China into the India Ocean Route‚ another fellow merchant
Premium United States World War II Europe
Dear Ms UN Secretary General‚ Imagine our planet as a spaceship. In preparation for a long‚ deep space voyage‚ the spaceship carries everything its astronauts need to survive. This spaceship provides you with all the necessities for life‚ just like planet Earth. There are no grocery stores‚ highways‚ burning industrial factories or gas stations on the spaceship. Most of the spaceship’s systems are powered by the sun’s radiation. Freshwater and clean air will be continuously recycled 24/7. Not only
Premium Genetically modified organism Global warming Genetically modified food
The Columbian exchange was the re-establishment of old and new world resources after the Continental Drift. People brought crops‚ animals‚ diseases‚ and new ways of life. This was an advancement of humanity. This obviously was an advancement to humanity. We wouldn’t live life how we are now of course. Your life wouldn’t be the same if overseas didn’t introduce you to all these things. Look at your diet and the way you live. The east of the ocean gave us our necessities. They gave us animals like
Premium
positive consequences was that tobacco was the main source of money‚ which made the economy grow since it grew at an alarming rate. There were negative consequences though‚ like‚ cancer from the tobacco. Although there were positive effects of the Columbian Exchange‚ the negatives were more significant. Spanish exploration had many negatives. First‚ there were diseases. Diseases ravaged through North Americans‚ killing thousands‚ if not‚ millions. When Spanish explorers came to the “New World” they brought
Premium Native Americans in the United States United States Indigenous peoples of the Americas
The Columbian Exchange changed the world. It involved the European and the people of the new world ‚ Native Americans. When the Europeans found the new world they also found some other people that had already inhabited the land. When the Europeans first arrived into the new world the Europeans took them into slavery to mind gold and harvest crops. The Native Americans also got new diseases from the Europeans. The introduction of Europeans to the Native Americans Had good and bad effects. The reaction
Premium Indigenous peoples of the Americas United States Americas