Olaudah Equiano was an african writer born in Nigeria by the XVIII century who lived in England and its american colonies. He claimed to have born in a lost town named Chia near the Igbo region of Nigeria, at the early age of eleven he was took as a slave and carried to North America where he was sold firstly to a captain of the royal navy who named him as Gustavus Vassa as an insult to the Swedish king of that time.
The captain´s name was Michael Pascal and at first Equiano refused to use the name because he had been already renamed twice before during his travel in the ship, he prefer to be named Jacob, the second name they have put him, but after many tortures, acordding to him he ended up submitting to the new name. After spending a long time with Pascal in which he converted to the christianism among other things he was sold to another captain who took him to the Caribbean where he was purchased by Robert King an american quaker.
Robert set Equiano to work on his shipping routes and his stores and taught him to write and read. In 1765, when he was 20 years old King promised that for 40 pounds, Equiano´s purchase price, he could buy his freedom, action that was achieved on 1766. After that King urged him to stay as his bussines partner but Olaudah found it dangerous to stay in the british colonies specially after an intempt of kidnapping on Georgia. He travelled to England where he joined the abolitionist movement that encourage him to write and publish a memoir book named <em>"The interesting narrative of the life of Olaudah Equiano, or Gustavus Vassa, the Afircan"</em> in 1789.
It was an important historical source because it represented one of the first writings on western narration made by an african author. It was the first time that someone wirtes about slavery from the point of view of the slave itself. He caused surprise between the readers because of its quality of imagery, description and literaly style, he made comparissons with the bible showing his knowledge on christian religion. The publication became a best seller almost inmediatly ( 3 years after it was publish) and fuelled a growing anti-slavery movement in Great Britain, Europe and North America.
I hope this answer would help you, I put a briefly biography of Olaudah to set the context
The ancient Babylonian canals and waterways are the most similar in function to the Suez canal. It is a man-made canal that runs between Africa and the Sinai Penselua. It is primarily used by large shipping companies as a shortcut down the East Coast of Africa from Europe. Ships used to have to go all the way down the West Coast of Africa, around the Horn of Africa to get to Eastern Africa. Manmade canals and waterways are also used in low-lying countries such as the Netherlands to drain the water from the land into the sea.
Answer:
the money multiplier = 1/ reserve ratio in this case, the reserve ratio is 10% (required) + 10% (voluntary) = 20%, so the money multiplier = 1/20% = 5 %
What is the immediate impact of this transaction on the money supply? None, since the money supply doesn't change. When a customer deposits money in a bank, the money does not increase, only its composition changes. The maximum amount by which this bank will increase its loans from the transaction in part (a) • the bank will be able to loan = total deposit x (1 - reserve ratio) = $9,000
x (1 - 20%) = $7,200
The maximum increase in the money supply that will be generated from the transaction in part
• since the banks started to "create" money by lending the money, the money supply will increase by total deposit x ( money multiplier - 1) = $9,000 x 4 = $36,000 Assume that the government increases spending by $9,000, which is financed by a sale of bonds to the central bank. Indicate what will happen to the money supply.
• The money supply will increase.
Explain what will happen to the money demand. • The money demand will also increase because aggregate demand and income will increase. Aggregate demand will increase by $9,000 x government multiplier. The government multiplier = 1/ MPS.
The answer choices are:
A. Trust the people who are your subjects.
E. Respect animals and harm none.
