By devaluing the Bolivar, the president of Venezuela has artificially decreased the value of the national currency.
What this does it make it more expensive to buy US dollars. In the last 2-3 years, there has been a flight of billion of US dollars out of Venezuela due to the economic disaster looming in the country.
By making it more expensive to buy US Dollars, the President of Venezuela is hoping to decrease the flight of money from the country and protect local reserves.
To what extent this actually works, we will have to see. In many developed countries or countries with a healthy economy, such a strategy might work. However, in the case of Venezuela, the economy is so bad, that even the devaluation of the Bolivar might not help solve much.
Answer:
Yes it was. The railroad was suposte to cross from Cape to Cairo. Cecil John Rhodes prefered the railroad to pass through the Easter part of Africa. And this part was known as German East Africa what is nowadays modern-day Tanzania before becoming a british protectorate.
Explanation:
hope it helps
- Maddy
Answer:
He used it to emphasize the persistence of racism
Explanation:
<em>He did this to remind his fellow African Americans the problem at hand</em>
Answer:
Explanation:
Only people who lived in the time of Christ would know his skin color but I dont think that it matters if you would like to love him forever and invite him into your life.
The Scramble for Africa refers to the period between roughly 1884 and 1914, when the European colonisers partitioned the – up to that point – largely unexplored African continent into protectorates, colonies and ‘free-trade areas’. At the time the colonisers had limited knowledge of local conditions and their primary consideration was to avoid conflict among themselves for African soil. Since no one could foresee the short-lived colonial era, the border design – which endured the wave of independence in the 1960s – had sizable long-lasting economic and political consequences. The Scramble for Africa resulted in several large countries characterised by highly heterogeneous geography and ethnically fragmented populations that limit the ability of governments to broadcast power and build state capacity.
