speech essay
AFL 112- ECONOMIC DEVLOPMENT OF THE DOMINICAN REPUBLIC
BOROUGH OF MANHATTAN COMMUNITY COLLEGE/CITY UNIVERSITY OF NEW YORK
JUAN CARLOS POLANCO, ESQ., MBA FALL 2013
Short Answer five points (50 points)
Please answer the following in three to five sentences.
1. Economic Development- economic development is or can be described as the progress in the economy. Things that can improve the economy or development
2. What is a corporation? How is it an evolution in business models? A corporation is a evolution that most advanced, designed by the government to encentized the people to get a business by allowing the people to get unlimited everything all you lose is what you put in.
3. Monetary Policy- It controls the supply of money in the country and pays attention to the growth of the economy and its stability.
4. Describe the concept of “unbacked currency” Unbacked curreny means that the precious metal coin did not add up to the peso. The paper currency had to represent some sort of metal/
5. What were papelitos de Lilis? Papelitos de Lilis is when he started printing his own type of money in the Dominican Republic that was unbacked paper. The result of him doing that he put the country in major dept.
6. The Dominican- American Convention and the issue of economic sovereignty- In 1907 America stared helping Dominican Republic out, they were not independent anymore. D.R started following the sdic since they were not stabled and owed plenty of money. The sdic had a ratio of 50:45:5 50% was house collected in the country, served by the bank of N.Y. 45% was to put in the Dominican Republic treasury. 5% was to pay the u.s government/administrative. Dominican Republic did not have no more freedom since U.S took over.
7. Law of Division of Communal- means that more then one family owned the land so they could not have sold the land because everyone had a share, no foreign country can buy or plant a
BOROUGH OF MANHATTAN COMMUNITY COLLEGE/CITY UNIVERSITY OF NEW YORK
JUAN CARLOS POLANCO, ESQ., MBA FALL 2013
Short Answer five points (50 points)
Please answer the following in three to five sentences.
1. Economic Development- economic development is or can be described as the progress in the economy. Things that can improve the economy or development
2. What is a corporation? How is it an evolution in business models? A corporation is a evolution that most advanced, designed by the government to encentized the people to get a business by allowing the people to get unlimited everything all you lose is what you put in.
3. Monetary Policy- It controls the supply of money in the country and pays attention to the growth of the economy and its stability.
4. Describe the concept of “unbacked currency” Unbacked curreny means that the precious metal coin did not add up to the peso. The paper currency had to represent some sort of metal/
5. What were papelitos de Lilis? Papelitos de Lilis is when he started printing his own type of money in the Dominican Republic that was unbacked paper. The result of him doing that he put the country in major dept.
6. The Dominican- American Convention and the issue of economic sovereignty- In 1907 America stared helping Dominican Republic out, they were not independent anymore. D.R started following the sdic since they were not stabled and owed plenty of money. The sdic had a ratio of 50:45:5 50% was house collected in the country, served by the bank of N.Y. 45% was to put in the Dominican Republic treasury. 5% was to pay the u.s government/administrative. Dominican Republic did not have no more freedom since U.S took over.
7. Law of Division of Communal- means that more then one family owned the land so they could not have sold the land because everyone had a share, no foreign country can buy or plant a