The sub-imperialist discourse developed during the late nineteenth and early twentieth centuries as a means to characterize Britain’s self-governing dominions precarious position within the international order, drawing explicit inspiration from the Monroe Doctrine of the … Read more
The Most Favored Nation Clause is the founding principle of the World Trade Organization, and there are noteworthy exceptions to it in World Trade Organization rules. Most-favored-nation (MFN) clauses (also known as nondiscrimination clauses or … Read more
The Open Door Policy was an important foreign policy statement of the United States issued in 1899 and 1900 aimed at protecting the rights of all countries to equal trade with China and reaffirming the … Read more
In the simplest form, decentralized finance is a concept in which financial products can be used on a public decentralized blockchain network, making it open to anyone, rather than through intermediaries such as banks or … Read more
A sweatshop is a factory where workers have to endure poor working conditions, long working hours, low wages, and other violations of labor rights. Sweatshops are workplaces where workers are employed for low wages in … Read more
An egalitarian is someone who claims that all people should be treated equally and should have the same basic value and dignity, which is considerable. Those who believe that equality is a form of justice … Read more
Urbanism refers to the distinctive social and cultural patterns that develop in cities. Due to the dominance of urbanism in the modern world, we lack a sociological definition of the city that takes into account … Read more
The American Civil War, which lasted from 1861 to 1865, was between the American North and the South because of different economic issues. During the war, the North’s elites wanted economic expansion and changes in … Read more
There is no formal definition of a stock market crash, but it is widely understood that the share price of one or more major US stocks has fallen by double-digit percentage points in days or … Read more
The 1929 stock market crash was a stock market crash that began on October 24, 1929 and is one of the worst in US history. The Dow Jones Industrial Average fell 24.8%, marking the biggest … Read more