Search results
Results from the WOW.Com Content Network
Peru's per-capita growth rates have diverged from overall growth rates over the last quarter-century. Peru's GDP per capita peaked in 1981 and is only recently on the path to return to that level. By the end of 2006, the government had enacted measures that allowed the economy to improve by increasing investments, and expanding production and ...
Economic history of the Arab world addresses the history of economic activity in the Arabic-speaking countries and the stretching of Atlantic Ocean in the west to the Arabian Sea in the east, and from the Mediterranean Sea in the north to the Horn of Africa and the Indian Ocean in the southeast from the time of its origins in the Arabian peninsula and spread in the 7th century CE Muslim ...
Most early religious systems in the ancient Near East, and the secular codes arising from them, did not forbid usury. These societies regarded inanimate matter as alive, like plants, animals and people, and capable of reproducing itself. Hence if you lent 'food money', or monetary tokens of any kind, it was legitimate to charge interest. [122]
The basis of the Andean socio-political organisation was the ayllu, a group of families united by real or mythical kin ties, and separated into a male and a female line.. The ruler of an ayllu was the kuraka, or chief, called kamachikuq, and was part of the class of common people ("Hatunruna
The etymology of Peru: The word Peru may be derived from Birú, the name of a local ruler who lived near the Bay of San Miguel, Panama, in the early 16th century. [29] When his possessions were visited by Spanish explorers in 1522, they were the southernmost part of the New World yet known to Europeans. [ 30 ]
Another form of modern finance that originated from the Muslim world is microcredit and microfinance. It began in the 1970s in Bangladesh with Grameen Bank, founded by Muhammad Yunus, recipient of the 2006 Nobel Peace Prize. Among 6 representative studies selected from a sample of more than 100 studies as being methodologically most sound, five ...
In the Middle Ages, the world economy slowly expanded with the increase of population and trade. During the early period of the Middle Ages, Europe was an economic backwater. However, by the later Medieval period, rich trading cities in Italy emerged, creating the first modern accounting and finance systems.
According to some, lithics found in the caves of Pikimachay, Chivateros, Lauricocha, Paiján, and Toquepala provide the evidence for the date. [citation needed]The oldest securely dated remains appear in 10000 BCE in the Guitarrero Cave, Yungay, then in the coast (in the districts Chilca and Paracas) and in the highlands (in the Callejón de Huaylas).