The Life and Achievements of Mao Zedong Essay Example | Topics and Well Written Essays - 750 words

The Life and Achievements of Mao Zedong - Essay Example He attended a village school and gained basic education subsequent to going back to toil in the fields. His father wanted him to marry at 14 years, Mao Tse-tung was too ambitious, and he declined (Cheek Web). He left home when around 16 years and joined a secondary school in Changsha to accomplish his passion for education. The revolution of 1911against the Qing government erupted while he was 17 years. The revolution, which Mao supported, resulted in overthrow of Qing dynasty. He later joined and served in the Republican army before resuming his studies at Changsha. The republican government was disorganized and unsuccessful in most of it undertakings (Andrew and Rapp 290-300). Mao graduated from middle school after which he joined Beijing University where he devoted himself to Marxism. He wrote and published journals to advocate for reforms. Still at the University, he met with Li Dazhao and Chen Duxiu the initiators of Chinese Communist Party, which he later became the chairperson . While at the university, he developed into a radical intellectual and together with other drastic intellectuals, he pioneered Marxist Theory between 1918 and 1919. After returning to Changsha, he became increasingly affectionate of Russian revolution as well as Marxism (Andrew and Rapp 43). In 1920, he settled in Changsha where he still wrote articles as well as planned labor unions. He also joined Nationalist Party also referred to as Guomingdang (GMD) and worked toward uniting it with CCP hoping to form a solitary nationalist government. However, CPP was growing rampantly and leaders of GMD started causing havoc, which caused execution of some communist leaders leading to a split and great enmity between CPP and GMD. Uprisings between CCP and GMD made Mau flee to mountains in Jiangxi province with his army. He thus became separated from CCP activities as he was more occupied in training his army (Jiang 22). In 1929, Mau together with some CCP leaders formed the Jiangxi Soviet, w hich was constantly attacked by the anti-communist GMD. In 1934, CPP loyalist matched from Jiangxi Soviet to Shaanxi in the illustrious â€Å"Long March† after which Mao was elevated to a higher rank in CPP leadership. In 1943, Mao became the Chairman of Communist Central Committee (Terril 150). During most of this period, Japanese had invaded some parts of China until 1945 after America bombing at Hiroshima and Nagasaki. Controversy heightened between CCP and GMD till around 1949 when GMD was defeated, its leader together with it army fled to Taiwan, and Mao launched People’s Republic of China (Cheek Web) From 1966 to 1976, Mao launched Great Proletariat Cultural Revolution with which he activated students to stub out old traditions, which gave rise to chaos. 1n 1972, Mao invited united president Richard Nixon to china, an abysmal action after years of bad Sino- American relations. Mao Tse-tung died at 81 years in 1976. Mao is attributed for several achievements. He i s remembered for leading the China’s communist revolution. He was so charismatic that his utterances mobilized million of people. He is termed as the most influential China’s leader of the 20th century who revolutionized china to modern world. Some Chinese frequently criticized the imperialism, which they claimed was undermining the Chinese culture and beliefs (Terril 98). However, Mao worked hard to bring change and civilization in China. His

Explain how inflation targeting operates in the UK and Critically Essay

Explain how inflation targeting operates in the UK and Critically evaluate the benefits of inflation targeting - Essay Example Inflation is all about price stability and it has been agreed by the economist that a rate of between (0-3) percent is the good enough rate fro the economy. With stable prices at that rate, consumer confidence is raised hence propelling the economy, if the consumer confidence is lower, then the economy will be stuck (Ben 2003). Inflation can only be made success through central banks making price stability its primary objective through strong institutional commitment to attaining that. United Kingdom was not the first country to introduce the inflation instead there are countries like Canada which did it ahead of them. Many countries over time have followed suit to introduce the inflation targeting within their economies with many others looking for technical assistance to help them introduce it (Richard 2005). Japan is one of the few who have not adopted it yet because of its well developed economy with rather stable inflation rate. UK inflation is therefore currently more stable in comparison with the past performance. UK quit ERM in 1992 due to rising tension between having to follow a tight policy framework in order to maintain existing exchange rate and the other option of having to cut the domestic downfall by taking down interest rates it (Richard 2005). ... With such big concern about inflation and well versed with knowledge of the trade-off between output and the inflation, the policy maker will then fix interest rates through adjustments informed by the knowledge on relative demand to supply and inflation. The central bank then set in the money markets the nominal interest rate and since prices of goods are somehow rigid then there will be movements around the real rate that always stand in absence of such moves by the central bank (Mervyn 2005). Due to these sticky prices, if a crisis hit the economy, it slips inflation away from the target and central bank can not quickly take it back to the track instead it has to take the longer old route by factoring in the monetary policy on what is the most. This older route will include having to factor in the bigger things that include having to go over the expected demands and supply and he pressure it will have on one another, that is to say the productive capacity of the economy and its co st implication as well as whether the economy is still on the track in relative to the expected inflation (Paul 1998). After all that considerations the central bank will then design a way to bring quickly inflation back to target with consideration of the impact it will have on the output. It will then have to decide on whether to aggregate demand should be stimulated or not and whether to be neutral. With all that there are unobservable effects of inflation on unemployment which it raises, the interest rates and growth of the economy through supply. The monetary policy committee (MPC) targets inflation by setting interest rates. When a shock hit the economy the committee action is not felt immediately. The results of adjustments in interest rates could yield tangible results after even