The transition to a monetary union in the United States, 1787–1795

2006 ◽  
Vol 13 (1) ◽  
pp. 73-95 ◽  
Author(s):  
RICHARD SYLLA

A convertible US-dollar monetary union was the least controversial component of the US financial revolution of the early 1790s. Although the fiat paper currencies of the colonies before 1776 sometimes worked reasonably well, the founders had good reasons for the constitutional ban on their continuance by US states. The ban, a surrender of states' sovereignty over money, at the time proved to be relatively uncontroversial for two reasons. One is that the financial revolution lightened the fiscal burdens of states by assuming their debts and making them part of the national debt. The other is that states quickly learned that chartering banks could accomplish virtually all of the legitimate purposes of state fiat money issues, and possessed additional economic and political advantages.

Legal Concept ◽  
2019 ◽  
pp. 137-144
Author(s):  
Alexey Szydlowski

Introduction: the election law of the US states to date remains insufficiently studied not only in Russia but also abroad. This is due to the fact that the legal regulation of the electoral process in America is attributed to the powers of the states or municipalities, depending on the legal doctrine applied by the state – Cooley Doctrine or Dillon Rule, which objectively imposes a limit on its study and generalization. The purpose of the study is to acquaint a wide range of scientific community with the latest research in the field of the US election law in regard to the first in the domestic law full description of the organizers of elections and referendums at the state and municipal levels in the United States. The author reviews a wide range of regional and local legislation with references to the constitutional, legal and regulatory acts of the US States. The paper is part of a series that explores all fifty subjects of the American Federation and the District of Columbia. Procedure and methods of research: the author analyzes the constitutional and electoral legislation of the United States at the level of Montana at the beginning of 2019. The methodology of the study was the comparative law, formal-legal, formal-dogmatic, specific-sociological, empirical, dialectical, analytical methods, the systematic approach. Results: the information about the organizers of elections and referendums in Montana, which was not previously covered in the Russian scientific literature, is introduced into scientific circulation. The interpretations of certain provisions of the law and legal consciousness of the U.S election law and law enforcement practice are given. The gaps of the legislation requiring additional research are surfaced. The theoretical and practical significance lies in the generalization of both the established and the latest legal sources (constitutions, organic laws, federal laws, charters, by-laws and regulations) of the United States and the subject of the American Federation and the development of proposals for the enrichment of the Russian science and the formation of objective understanding of the processes taking place in the United States in the field of constitutional, electoral law and the state-building. Conclusions: for a systematic and comparative legal analysis the author proposed the review of the legislation on the organizers of elections and referendums of Montana, revealing the existing contradictions, from the point of view of the Russian researcher, which allows considering the full range of elements of the electoral legislation of Montana from a new angle, seeing new legal structures, previously unknown to the domestic statesmen and law enforcers.


2017 ◽  
Vol 10 (1) ◽  
pp. 54 ◽  
Author(s):  
Natarajan Meghanathan

We model the contiguous states (48 states and the District of Columbia) of the United States (US) as an undirected network graph with each state represented as a node and there is an edge between two nodes if the corresponding two states share a common border. We determine a ranking of the states in the US with respect to a suite of node-level metrics: the centrality metrics (degree, eigenvector, betweenness and closeness), eccentricity, maximal clique size, and local clustering coefficient. We propose a normalization-based approach to obtain a comprehensive centrality ranking of the vertices (that is most likely to be tie-free) encompassing the normalized values of the four centrality metrics. We have applied the proposed normalization-based approach on the US States graph to obtain a tie-free ranking of the vertices based on a comprehensive centrality score. We observe the state of Missouri to be the most central state with respect to all the four centrality metrics. We have also analyzed the US States graph with respect to a suite of network-level metrics: bipartivity index, assortativity index, modularity, size of the minimum connected dominating set, algebraic connectivity and degree metrics. The approach taken in this paper could be useful for several application domains: transportation networks (to identify central hubs), politics (to identify campaign venues with larger geographic coverage), cultural and electoral studies (to identify communities of states that are relatively proximal to each other) and etc.


2015 ◽  
pp. 7-9 ◽  
Author(s):  
Madeleine F. Green

The United States is not a world leader in higher education internationalization. A recent survey shows that many other countries are much more active than the US in student exchanges and the other elements of internationalization.


2013 ◽  
Vol 103 (3) ◽  
pp. 591-597 ◽  
Author(s):  
Angus Deaton ◽  
Arthur A Stone

We consider two happiness puzzles. First, many studies show that only relative income matters for well-being. Yet the Gallup data for the United States and from the rest of the world show no such result, at least for life evaluation. There may be relative income effects in hedonic well-being though other interpretations are available. Second, more religious people typically report higher experiential well-being but more religious places have worse well-being on average, both across US states and across countries. More religious states and counties in the US also have worse murder rates, deaths from cardiovascular disease and from cancer.


2015 ◽  
Vol 14 (2) ◽  
pp. 597-606
Author(s):  
NOAH B. STROTE

These two books bring fresh eyes and much-needed energy to the study of the intellectual migration from Weimar Germany to the United States. Research on the scholars, writers, and artists forced to flee Europe because of their Jewish heritage or left-wing politics was once a cottage industry, but interest in this topic has waned in recent years. During the height of fascination with the émigrés, bookstores brimmed with panoramic works such as H. Stuart Hughes's The Sea Change: The Migration of Social Thought, 1930–1965 (1975), Lewis Coser's Refugee Scholars in America: Their Impact and Their Experiences (1984), and Martin Jay's Permanent Exiles: Essays on the Intellectual Migration from Germany to America (1985). Now, while historians still write monographs about émigré intellectuals, their focus is often narrowed to biographies of individual thinkers. Refreshingly, with Emily Levine's and Udi Greenberg's new publications we are asked to step back and recapture a broader view of their legacy. The displacement of a significant part of Germany's renowned intelligentsia to the US in the mid-twentieth century remains one of the major events in the intellectual history of both countries.


2019 ◽  
Vol 3 (4) ◽  
pp. 129-137
Author(s):  
He Shuquan

The United States has a robust trade and investment relationship with China and the Association of Southeast Asian Nations (ASEAN). ASEAN is collectively the fourth-largest trading partner, and China is one of the largest trade partners of the United States, the largest export destination for China. Thus, China and ASEAN countries are competing in the US market intensively. The purpose of this paper is to calculate the net gains or losses for the ASEAN-5 Members and China during 1993 and 2007 in the US market. There are two main contributions of this paper: one is to dynamically estimate the net shifts of the economies as compared to the traditional comparative static approach; the other is to extend the shift‐share analysis to attribute the net gains or losses to competing exporters. This study adopts the widely used shift-share analysis technique to exam the net gains or losses for the ASEAN-5 and China during 1993-2007 in the Unites Sates market. The paper provides a new extension to the shift‐share analysis to attribute the net shift to competing economies with a dynamic approach. The paper applies the methodology to the competition among China and ASEAN-5 in the US import market with the data drawn from World Integrated Trade Solution (WITS), a data consultation and extraction software developed by the World Bank. The discussion focuses on three periods: 1993-1997, 1998-2002 and 2003-2007. In general, China performs the best among the competing economies. Among the ASEAN-5 Indonesia, Malaysia and Thailand perform better than the other two members. During the first period, all economies have positive export growth as the actual export growth shows. However, in terms of net shift, only China and the Philippines are the winners with positive value of net shifts. During the second period, China stands out while the ASEAN economies show negative net shifts values. Similar is the case for the third period. In terms of the industries, China focuses on different industries during the thee periods, and the ASEAN economies depend heavily on a few industries. China’s gains in these industries are much bigger than the ASEAN economies’ gains in value. The ASEAN economies gain in small numbers of industries with small values. When attributed the gains or losses to competing economies, China only loses to the Philippines during 1993-1997, and gains from all competing economies during all periods. Though net losers, the ASEAN-5 also gain from other competing economies. For example, Indonesia gains from Singapore and Thailand during 1993-1997, from the Philippines and Singapore during 1998-2002, from Malaysia, the Philippines and Singapore during 2003-2007. The trade war between the United States and China provides opportunity for the ASEAN countries in the Unites Sates market, however, there are negative impacts on the ASEAN countries as well. The ASEAN countries are more vulnerable. Keywords: shift-share analysis, export competitiveness, Asia, ASEAN, China.


2001 ◽  
Vol 18 (1) ◽  
pp. 107-109
Author(s):  
Juliane Hammer

How do Arab travelers view the US? Much has been written about how westerntravelers and scholars have seen and described the Orient, thereby not onlycreating an image but also transforming the reality of it. Looking at this anthologyone is reminded of Said's book Orienta/ism and inspired to ask whether asimilar process takes place in reverse. Not in terms of change but certainly increating an image of the unfamiliar as the other simultaneously admired andrejected.Kamal Abdel-Malek has collected and edited texts of twenty-seven Arab visitorsto the United States. Some came as students, others as accomplished scholars orcurious visitors. Each text is an excerpt of a longer text, usually a book, and allbooks were originally published in Arabic and have not been translated intoEnglish before. Also, as Abdel-Malek points out in his preface, the collectionrepresents most of the travel literature he was able to locate in Arabic and iscompleted by a list of all Arabic sources. Thus, this collection allows the readeraccess to a genre of Arabic literature otherwise not available.The travel accounts are organized in five sections and chronologically by year ofpublication within each section.The ftrst section is titled America in the Eyes of a Nineteenth-Century Amb andcontains one account of an Arab traveler to the US published in I 895. The authorpresents the reader with a comparison of what Arabs and Americans findimportant and how these preferences are diametrically opposed in most cases.In the second section Abdel-Malek has gathered a variety of accounts under thetitle The Making of an Image: America as the Unchanged Other, Ame1ica as theSeductive Female. The most interesting piece of this section is probably that ofSayyid Qutb, who studied in the US between 1948 and 1950 and published hisaccount under the title The America I have seen. Much of what he noted about theUS ln the first half of the 20th century, in my opinion, still holds true today. Qutbconcludes: "All that requires mind power and muscle are where American geniusshines, and all that requires spirit and emotion are where American naivete andprimitiveness become apparent .... All this does not mean that Americans are anation devoid of virtue, or else, what would have enabled them to live? Rather, itmeans that America's virtues are the virtues of production and organization, andnot those of human and social morals." (p. 26f.) ...


PLoS ONE ◽  
2021 ◽  
Vol 16 (8) ◽  
pp. e0254652
Author(s):  
Stephen R. Midway ◽  
Abigail J. Lynch ◽  
Brandon K. Peoples ◽  
Michael Dance ◽  
Rex Caffey

Recreational angling in the United States (US) is largely a personal hobby that scales up to a multibillion-dollar economic activity. Given dramatic changes to personal decisions and behaviors resulting from the COVID-19 pandemic, we surveyed recreational anglers across the US to understand how the pandemic may have affected their fishing motivations and subsequent activities. Nearly a quarter million anglers from 10 US states were invited to participate in the survey, and almost 18,000 responded. Anglers reported numerous effects of the pandemic, including fishing access restrictions. Despite these barriers, we found that the amount of fishing in the spring of 2020 was significantly greater—by about 0.2 trips per angler—than in non-pandemic springs. Increased fishing is likely associated with our result that most respondents considered recreational angling to be a COVID-19 safe activity. Nearly a third of anglers reported changing their motivation for fishing during the pandemic, with stress relief being more popular during the pandemic than before. Driven partly by the perceived safety of social fishtancing, recreational angling remained a popular activity for many US anglers during spring 2020.


Author(s):  
Ahmad Helmy Fuady

The objective of this paper is to examine the competitiveness of Indonesia's exports to the United States (US) market, compared to other Asian economies, namely Thailand, Malaysia, Singapore, China, Republic of Korea and India, over the period of 1986-2003. A shift-share method is applied to single digit SITC US imports data from those countries. It found that the competitiveness of Indonesia's exports changes over time. The Indonesia's exports reached its best performance in the period 1992-1997. However, after the 1997 economic crisis, Indonesia faces a serious problem, since none of its export has competitiveness in the US market, compared to the reference economy. The analysis also shows that China has consistently posed a serious pressure not only for Indonesia, but also for the other Asian economies.


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