Economy

__ Economy in Cuba and Haiti __ Page Created by: Rebecca DiValerio Make sure you read the glogster first!

__Cuba's Economy__ media type="custom" key="6343925" width="120" height="120" align="right"Cuba's economy is very different then most economies in the world. It is very different because it is a communist economy. Cuba is not interdependent so they only depend on themselves. While the world's economy suffers, Cuba thrives. Cuba only makes what they need for themselves, which is bad because they do not get everything that the world offers.

The colonization of Cuba had a huge impact on the indigenous people’s economy, as well as the colonial power. Cuba was colonized by Spain in 1511, after Christopher Columbus found it. It helped the indigenous people’s economy rise because Spain created cities for them making their economy grow due to the influx of stores and the Spanish interested in their goods. Spain’s economy also grew stronger during their time of colonizing Cuba because they were gaining slaves from these areas of the jailed Cubans. But then, when the English took Havana over in the Seven Year’s war, and Spain’s power began to decline and the Cubans started to rebel because Spain encouraged colonization. So then, the economy of the indigenous people declined because Spain and the English were fighting over them, while Spain’s grew because they were selling their agriculture. The US then tried to buy Cuba but Spain would not let them. Both economies then began to suffer, so they granted all rights and government power to the Cubans, so then their GDP rose. It also increased because they were able to trade their fruits and products and get things from other countries. Then, slavery was abolished so their population grew. Spain had to back down because their economy then suffered so much. So in the end toward current Cuba, their economy had a recession.

More technologically advanced civilizations do not have the right to take what they need from less technologically advanced countries. They do not have the right to do that because it would make the economy of the country drop because they would take the country's exports; and in a country like Cuba their exports are their prime source of survival because they only trade freely with a few countries.

The economic decision making becomes more global as the world becomes more interdependent. It becomes more global because once a country makes a crutical economic decision, every country around the world is effected because they are all dependent on each other. For example, when Cuba became communist, they would not trade with many countries like the United States so all of the countries that were interdependent suffered because they lost trade with one country. For awhile, every country's economy suffered because of Cuba's economic decision. Thats how the economic decision making becomes more global as the world becomes more interdependent.

__Haiti's Economy__  media type="custom" key="6344655" align="left"The colonialization of Haiti effects their economy and their colonial powers. It effects Haiti's economy because in today's society many countries are over in Haiti for International Aid but all Haitians consider it colonalism.They destroy Haiti's economy because they do not let the Haitians have any say in what the other countries international affairs and they are buliding all new construstions for Haiti, even though they did not ask and are keeping a tab for them making them more into debt. The colonial powers are taking away Haiti's farmlands and creating developments making their GDP lower because their exports are declining. It effects colonial powers economy because they are losing money by shipping people over to Haiti and are building infrastructures over there. Haiti is the poorest country in the western hemisphere, so that is a reason that it has a terrible impact on the economy. Also, the powers exports are increasing because they are exporting much of their goods from their country when they are going to Haiti. So their economy gains in some ways and decrease in others. Colonialization of Haiti effects the economy of Haiti and of the power.

More technologically advanced civilizations do not have the right to take what they need from less technologically advanced countries like Haiti. They do not because when they go into another country and take whatever they want, it weakens that country's economy by taking their export. If a country did that to Haiti, it would be devastating because Haiti is already the poorest country in the world and they are trying to rebuild from their recent earthquake.

Economic decision making becomes more global as the world becomes more interdependent.It becomes more global because when countries are becoming interdepemdent with each other it means that they are all depended on one another for necessities and technology. When Haiti's earthwuake occured many countries suffered because Haiti depends on them for aid and they depend on Haiti for their exports so when it occured, the worlds economy plunged a smidge. So it becomes global because countries believe it is their job to keep an eye on others to make sure they are keeping up with their exports or if others are helping them so they watch changes in each others economies. Thats how economic decision making becomes more global as the world becomes more interdependent.