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Inflation is the economic process that causes a generalized increase in the price of goods and services in a sustained manner over a period of time. The term “inflation” refers precisely to the fact that prices have risen or “inflated,” hence the name. In other words, inflation occurs when the […]
Money vs Currency If someone asked you “What is money?”, what would you answer? Do we even know the difference between money and currency? Currently, no country uses money; we all are using currency. Money is something that is used in exchange and holds value. When money was removed from […]
Cuban history is connected to the U.S., the USSR, and Spain. Spain conquered this beautiful island nation after the arrival of Christopher Columbus on its shores in 1492. Aboriginal groups in Cuba did not hold a huge influence on its society and culture; instead, the colonial Spanish culture started to […]
Venezuela was once the richest country in Latin America. The country is known for its rich oil reserves and had a democratic government that was appreciated around the world. However, those good days are now over for Venezuela. With hyperinflation, extreme poverty, corruption, high crime rates, Venezuela, today, is in […]
Belarus, the post-communist country that was freed from Soviet occupation in 1991, got in trouble again right away… The people elected a guy in Wellington boots, straight from the post-Soviet collective farm to be president of the country. As it turns out, this was a very bad idea… The people were […]
Poland, a country with a stable economy, is currently one of the fastest-growing nations in Europe. However, it was not always this way. From 1945 to 1989, it was a dark period in the history of Poland. The country suffered a lot during World War II. Post-war, the country came […]