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Wednesday, February 27, 2013

Costs of Production and Marginal Returns

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When operating a business a leader has to make decisions about how best to increase profitability. One of the most fundamental decisions an ...

Supply Elasticity

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Similar to demand elasticity, supply elasticity describes an economic concept based on changes to price.   In the case of demand elasticity,...
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Tuesday, February 26, 2013

Fidel Castro, Che Guevara, and The Cuban Revolution

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Because of economic inequality, Latin American leaders throughout the last 60+ years have had to struggle with the reality that many people ...

Simon Bolivar El Libertador

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Simon Bolivar has been referred to as the Latin American George Washington - and rightfully so. After the Americans achieved their independe...
Monday, February 25, 2013

The Encomienda System

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After the arrival of the Spanish in the Americas, a political, social, and economic system was setup to spread the word of Christianity and ...

Hernan Cortes and the Conquering of the Aztecs

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After the arrival of Spanish in Cuba and the Caribbean, the next objective was to explore the shores of Eastern Mexico. Some contact had bee...

The Voyages of Columbus

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During the late 1400's Castile (a powerful Spanish territory on the Iberian Peninsula) was locked in an economic struggle for dominance ...
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