Hyperinflation in Zimbabwe

About Zimbabwe

Zimbabwe is located in the southern region of the African continent by Zambia and to the east of Mozambique. Hyperinflation in Zimbabwe was caused by numerous economic shocks. Their money supply was increased, declines in output and exports, and political corruption. Zimbabwe’s uncontrollable and extreme inflation made it the first country in the 21st century to experience hyperinflation.

Map where Zimbabwe is located.

Before and Starting of Hyperinflation

At independence, the annual inflation was 5.4% month to month averaged. In 1982, the unemployment rate was 10.8 percent. In July 2008, Zimbabwe’s central office released its last inflation figures for the year. The bank announced it would print larger bills to buy foreign currencies. To finance the higher debate the government responded by printing more money which caused inflation. When white farmers were introduced to black farmers there was a large fall in food production.

The economy experienced a sharp fall in output in manufacturing and agriculture. Which caused a collapse in bank lending. Due to the decline in output, there was a shortage of goods. The combination of more money chasing fewer goods caused rapid rises in prices. But, because the cost of production increased faster than prices, suppliers had little to supply the goods. This made the shortage worse and the actual inflation worse.

Increasing rates during hyperinflation.

During and After Hyperinflation

People couldn’t afford basic goods, no credit available, menu costs, barter economy, lost savings, damage to business confidence. People became “poverty billionaires” It was no good having a salary of One billion dollars if a loaf of bread cost two billion. Banks closed and were unwilling to lend any money and normal business activity closed down and investment was cut back. Anyone who received money had to exchange it into a foreign currency or spend it right away. With money becoming worthless, people found many ways around the economy, the problem was that the barter economy was only useful if you have goods to exchange. Anyone with savings lost everything unless they were able to exchange with foreign currency. The extent of hyperinflation and fall in output disrupted normal economic activity and saw Zimbabwe’s GDP shrink, which affected investors for a long time. Hyperinflation and economic troubles were profound that by 2008, they wiped out the wealth of citizens and sent the country back more than a half-century.

Ending of hyperinflation

The government eventually stopped printing Zimbabwe dollars and normalized the practice of using the US dollar. In 2015, Zimbabwe announced things to be switched to the United States dollar by the end of that year. According to the Reserve Bank of Zimbabwe, the October 2011 consumer price inflation was 4.2 percent on a year-over-year basis, compared with 4.3 percent in September. Transactions in hard foreign currencies were authorized. Loss of confidence quickly leads to the abandonment of the Zimbabwean dollar in favor of foreign currencies.

Social impacts

Prices doubled every day, goods and services doubled twice each day. Without the unemployment there was rate exceeding activities. It also made consumers stock up on items. It made the currency worthless.

Globalism

What is Globalism?

Globalism became known in the 1900s after the Cold War. Globalism is the operation of economic and foreign policy on a global basis. It is like when people are put together as a whole group to harm other groups. Countries built economic partnerships to help a lot of movements during centuries. Globalism was starting to decrease because of WWI

Why globalism is bad..

I would say globalism is bad because there are many risks and consequences you would have to go through. Many things that can or have happened are price and profit swings, an increase in competition, business and products being destroyed, and last but not least tight credit. People that dealt with globalism in the past now are very unstable. Maybe if people never went through Globalism they wouldn’t have been going through so much trouble right now such as WWl, post-war protectionism, Great depression, and WW2.

Examples

  • Balance of terror
  • Trade
  • Immigration
  • Travel
  • Culture

Modern Political Issues with Taxes

How do People Struggle With Taxes Today?

During Internal Revenue Service Data over 1 million Americans owed over $131 billion in back taxes, penalties, and interest in 2018.Which many people today to still have to pay for those taxes.Taxpayers are often fund to under-report their income or taxes owed.Most aren’t being able to pay for taxes now due to COVID ,which is causing them to need more supplies at home than usual.

The rise of Constitutionalism and Absolutism

European nations impacted constitutionalism by the feudal lords losing their power so
the kings began to gain it.It impacted it by the nobles having power as well.Their absolute rulers tried to weaken them.But with Louis XIV he made them feel as if the nobility had no power over them.They were known for having religious and territorial conflicts, army growth ,and heavy taxes.The rise of absolutism was in the 17th and 18th centuries when Europe was ruled by monarchs.The monarchs had took control so they thought all their power had came from god.

Key ideas of the petiton of rights

(1) No taxes may be levied without consent of Parliament, (2) No subject may be imprisoned without cause shown (reaffirmation of the right of habeas corpus), (3) No soldiers may be quartered upon the citizenry, and (4) Martial law may not be used in time of peace.

Key Ideas of the English Bill of Rights 

The English Bill of Rights created a constitutional monarchy in England, which meaned the king or queen acts as head of state but his or her powers are limited by law. Under this system, the monarchy couldn’t rule without the consent of Parliament, and the people were given individual rights.

Terms

Monarch-A sovereign head of state, especially a king, queen, or emperor.

Absolutism-The acceptance of or belief in absolute principles in political, philosophical, ethical, or theological matters.

Constitutionalism-adherence to a system of constitutional government.

Age of Absolutism- The Age of Absolutism was the period around the 17th and 18th centuries when Europe was ruled by very powerful monarchs.

2020 Election

What I Know..

Election day is almost here! Personally I think Joe Biden could win but 50/50 Donald Trump is most likely to win.As I read these quotes “I just can’t wait until the whole thing is over. And I think it’s long from over, even after Tuesday. There’s just so much anxiety”, “I am hoping that there wasn’t too much damage done in the last four years that it can’t be undone.”I kind of agree with these because, yes the election is giving many folks anxiety on who will win and I’m also hoping that whoever is going to be president can make things great again in America.Maybe actually making changes to America can help with covid cases going down, rages and parades decreasing and restoring things after storms and hurricanes.

How i Feel

If one wins and the other doesn’t , there’s nothing you can really do about it because it all depends on the amount of votes for each person.In most states they may have gotten Biden rather than Trump or Trump rather than Biden depending on how everybody thought either one of them would have made things better or worse.I feel as if the votes were like really close it would’ve caused some people to be mad such as raging cities and all.Because most people are actually serious over elections specifically like this one.

Who Some Think May Win

I think most will think Joe Biden won but if you look at the senate’s there’s more Republican party being taken over than the Democratic party.Then as you may have seen there looks as if there is more red states than blue covered.But you just have to wait and see who wins depending on which state is taking time to vote or when their voting is closed. As of right now the score is 248 to 214 Joe Biden is winning so far.

White House
Joe Biden
Donald Trump

2 Simple Ways to Become a Good Swimmer

Rethinking

Before learning how to swim you should always start off either in a kiddie pool or the shallow end of the pool.If you have trouble breathing or going under water then DO NOT try this or see a your doctor for more information.You should at least start off with floating or dog paddling before actually going into freestyle swimming.If you’re a beginner swimmer you should not go into a pool alone. Always swim with another person until you can float and swim on your own.

Learning How to Float

  1. You and a trainer should enter the water together, with them holding your arms or hands to help you stay afloat.
  2. The trainer should hold you under your armpits. Inhale,then reach your arms out, and blow bubbles for five seconds underwater to practice exhaling.
  3. Repeat and let go, with your trainer allowing you to float for a couple seconds
  4. The trainer should hold you under your armpits. A trainer should ask you to blow five-second bubbles as you walk slowly backward.
  5. Repeat and kick your feet up and down.
  6. Repeat again, this time letting go.
  7. To inhale, have them lift your head, take a breath, and move your hands forward like a tiger.
  8. Tend to practice this often.
Floating

Beginning Freestyle

  1. Float with your face in the water, your body straight and horizontal. Stack your hands and keep your arms and legs straight.
  2. To do the flutter kick, move one foot up and one foot down. Do this quickly, keeping your ankles loose and knees slightly bent.
  3. Reach your right hand 12 to 18 inches ahead, palm facing down and in line with your shoulder.
  4. Pull your right hand down and back, pointing your fingers diagonally toward the bottom. Point your elbow upward.
  5. As your right hand passes your thigh, rotate your hip and shoulder upward. Bring your hand up and across the water.
  6. Enter your right hand in the water and repeat with your left hand.
  7. Repeat. Breathe every two or three strokes as your hand exits the water.
Freestyle

Tips to Improve

  • Work with a swim coach. A swim coach can teach you proper technique and increase your confidence in the water.
  • Do swimming drills. A swimming drill is an exercise that focuses on a specific phase of a stroke. When done , swimming drills can help you perfect your strokes.
  • Breathe properly. Exhale whenever your head is underwater. Holding your breath will make you feel winded and slow you down.
  • Take a video. To better understand your own form, have someone film you as you swim. This is a way to see how you can improve.
  • Watch videos. Watching instructional videos allows you to see proper body positioning in action while swimming.
  • Keep practicing. Regular practice will improve your technique and coordination.

The Most Dangerous Game

Introduction

In this short story, “The Most Dangerous Game,” by Richard Connell, it is mainly about an adventure tale that sets against two well known hunters against one another in a life and death competition.This story has a hero, caught on an island full of deadly traps. On the island, people hunt each other down for the amusement of the owner of the island, who offers a great prize to anyone who can survive.

Summary of “The Most Dangerous Game”

The story begins with, Sanger Rainsford, standing on a boat’s deck late at night talking with Whitney, a passenger. Rainsford, an accomplished big game hunter, is looking forward to tracking the slick jaguars in the Amazon and says that this will be the “best sport in the world.” Whitney says that “it’s great sport for the hunter, not for the jaguar.”Whitney goes on to argue that animals do have some sense of understanding, even if it’s just enough intelligence to fear pain and death. Rainsford had a deal to survive three days in the jungle, and he could leave.Rainsford is the Survivorman of the 1920s. Zaroff gives him some basic supplies, including a knife, and then gives Rainsford a head start. Rainsford cuts a tricky path through the jungle, using all of his skill, and creates several false trails that should fool Zarof.

How the “The Most Dangerous Game,” relates to fear

It relates by Rainsford’s characters undergoing a dramatic transformation in a small amount of time. He said that animals have the capacity to feel fear when they are hunted.He realized that “he had new things to learn about fear.”He overcame his fear by killing another human.What was known as cold-blooded murder.

Reformation

Who was Martin Luther?

Martin Luther, a 16th-century monk and theologian, was one of the most significant figures in Christian history.He was born November 10th , 1483 his death date was February 18, 1546.His beliefs helped birth the Reformation. Luther was ordained to the priesthood in 1507.Reformers like Martin Luther, John Calvin and Henry VIII challenged papal authority and questioned the Catholic Church’s ability to define Christian practice. Which would give rise to Protestantism as the third major force within Christendom, alongside Roman Catholicism and Eastern Orthodoxy.

Martin Luther
First Roman Catholic Church

The Start of Reformation

The Reformation, also called Protestant Reformation, was said to have begun when Martin Luther posted his Ninety-five Theses on the door of the Castle Church in Wittenberg, Germany, on October 31, 1517.The Reformation movement within Germany diversified almost immediately, and other reform impulses arose independently of Luther. Luther had rejected the Catholic church’s doctrine of transubstantiation, according to which the bread and wine in Holy Communion became the actual body and blood of Christ. The body of Christ was physically present in the elements because Christ is present everywhere.

Ninety-fifth theses

The Ending of Reformation

The Reformation ended around 1648.Northern Europe’s new religious and political freedoms came at a great cost, with decades of rebellions, wars and bloody persecutions. The Thirty Years’ War alone may have cost Germany 40 percent of its population. The Reformation’s positive repercussions can be seen in the intellectual and cultural flourishing it inspired on all sides of the schism,in the strengthened universities of Europe, the Lutheran church music of J.S. Bach, the baroque altarpieces of Pieter Paul Rubens and even the capitalism of Dutch Calvinist merchants.