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A History of the European Economy, 1000-2000 by Francois Crouzet
A History of the European Economy, 1000-2000 by Francois Crouzet
A History of the European Economy, 1000-2000 by Francois Crouzet
François Crouzet provides an accessible and interesting history of the European economy during the second millennium by looking at Europe as a whole rather than as a patchwork of individual states.
Crouzet examines pan-European changes and integration rather than just the specific experiences of individual countries, highlighting the common economic institutions shared over time by the various regions of Europe and the networks of relations that have linked them. Beyond discussing the historical effects of trade in the European economy, A History of the European Economy, 1000-2000 takes into account issues like the spread of technology, migration of capital and labor, diasporas and minorities, and national diversity. Crouzet provides a unique and thorough overview of European economic history by focusing on the historical roots of the movement for European integration and how it developed all the way to the creation of the euro.
What is forex?
Quite simply, it’s the global market that allows one to trade two currencies against each other.
If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.
If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.
Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.
An exchange rate is the relative price of two currencies from two different countries.
You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!
You’ve exchanged one currency for another.
Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.
Currency Exchange
Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.
It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.
Salepage : A History of the European Economy, 1000-2000 by Francois Crouzet
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