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Glossary
Feudalism
(03:10 or p.1 in the transcript)
Feudalism as a historiographic construct designated the social, economic, and political conditions in western Europe during the early Middle Ages between the 5th and 12th centuries. Feudalism and the related term feudal system are labels invented long after the period to which they were applied. They refer to what those who invented them perceived as the most significant and distinctive characteristics of the early and central Middle Ages. The expressions féodalité and feudal system were coined by the beginning of the 17th century, and the English words feudality and feudalism (as well as feudal pyramid) were in use by the end of the 18th century. They were derived from the Latin words feudum (“fief”) and feodalitas (services connected with the fief), both of which were used during the Middle Ages and later to refer to a form of property holding. Use of the terms associated with feudum to denote the essential characteristics of the early Middle Ages has invested the fief with exaggerated prominence and placed undue emphasis on the importance of a special mode of land tenure to the detriment of other, more significant aspects of social, economic, and political life. source
The Great Depression (1929)
(19:44 or p.5 in the transcript)
Great Depression was the worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory. Although it originated in the United States, the Great Depression caused drastic declines in output, severe unemployment, and acute deflation in almost every country of the world. Its social and cultural effects were no less staggering, especially in the United States, where the Great Depression represented the harshest adversity faced by Americans since the Civil War. The timing and severity of the Great Depression varied substantially across countries. The Depression was particularly long and severe in the United States and Europe; it was milder in Japan and much of Latin America. Perhaps not surprisingly, the worst depression ever experienced by the world economy stemmed from a multitude of causes. Declines in consumer demand, financial panics, and misguided government policies caused economic output to fall in the United States, while the gold standard, which linked nearly all the countries of the world in a network of fixed currency exchange rates, played a key role in transmitting the American downturn to other countries. The recovery from the Great Depression was spurred largely by the abandonment of the gold standard and the ensuing monetary expansion. The economic impact of the Great Depression was enormous, including both extreme human suffering and profound changes in economic policy. source
Zsolt Enyedi on the Crises of Liberalism
Michael Woldemariam on Challenges Facing African Democracy (Part 2)
Michael Woldemariam on Challenges Facing African Democracy (Part 1)
Vivek Maru on Legal Empowerment for Communities
Oleksandra Matviichuk on Human Rights and Ukraine
Dilip Gaonkar on the "Degenerations of Democracy"
Nancy Fraser on "Cannibal Capitalism"
Paul Lendvai on "Austria Behind the Mask"
Maciej Kisilowski on the Polish Elections
Kalypso Nicolaidis on Governing Together Through Demoicracy (Part 2)
Kalypso Nicolaidis on Governing Together Through Demoicracy (Part 1)
Janka Oertel on "The End of the China Illusion" (Part 2)
Nobel Prize Winner Joseph Stiglitz on a More Equitable Future
Janka Oertel on "The End of the China Illusion" (Part 1)
Alejandra Ballon Gutierrez on Body Politics in Peru
Kim Lane Scheppele on Destroying Democracy by Law
Ulrike Flader on Turkey at the Crossroads
Daniela Schwarzer on Europe’s Strategic Conundrums (Part 2)
Daniela Schwarzer on Europe’s Strategic Conundrums (Part 1)
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