Difference Between Communism and Capitalism
Posted inDifference Between

Difference Between Communism and Capitalism

Communism is a political and socio-economic ideology based on the abolition of private property and social classes. Capitalism, on the other hand, refers to a socio-economic system based on the right to private ownership of the means of production and free trade in goods and products.
Biafria War (1967 – 1970)
Posted inHistory Studies

Biafra War (1967 – 1970)

Instability is chronic in Nigeria and much of what happened in the past resonates today. Between 1967 and 1970, a civil and secessionist war took place in what is called Federal Republic of Nigeria that showed the fragility of the inherited borders in Africa and the terrible coexistence between the different ethnic groups, leaving, among various consequences, and according to different calculations, 500,000 - 2,000,000 victims (or more, others indicate, up to three million people) in that failed independence.
Bankruptcy of Lehman Brothers: Causes, Impact & Reasons
Posted inGovernment & Politics History Studies

Bankruptcy of Lehman Brothers: Causes, Impact & Reasons

The bankruptcy of Lehman Brothers was one of the most striking of the global financial crisis that began in 2008. In fact, the collapse of this bank is considered, by many analysts, as the starting point of the crisis. However, other banks had already fallen during 2007, although it is true that their size was smaller. One of the most important characteristics of this bankruptcy was that, contrary to what was done in other cases, such as Northern Rock in the United Kingdom, or Bear Stearns in the United States of America, the governments did not allocate public money to rescue the entity from the collapse.