Economics affects our daily lives in both obvious and subtle ways. From an individual perspective, economics frames many choices we have to make about work, leisure, consumption and how much to save. Our lives are also influenced by macro-economic trends, such as inflation, interest rates and economic growth
The mandate of heaven is the thing that Chinese emperors claim was given to them by their deities. A ruler earns it from the previous emperor when he retires, or when he dies. It could be lost when another dynasty takes over and takes the mandate of heaven.
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The Flour War refers to a wave of riots from April to May 1775, in the northern, eastern, and western parts of the Kingdom of France. It followed an increase in grain prices, and subsequently bread prices; bread was an important source of food among the populace.
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