ESS Study Tips
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Daily study tips, exam strategies & note-taking methods that actually work. 🎯 For students who want higher scores with less stress. 📞Contact us:@ess_cbot 📙የእኛን መፅሐፍ(PDF) ለማግኘት:https://t.me/ess_study_tipsbot
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3 200
📊 Balance of Trade 📊
▎1. 🅳🅴🅵🅸🅽🅸🆃🅸🅾🅽
• Balance of Trade: The difference between a country's exports and imports of goods and services over a given period.
• Component of Balance of Payments: A systematic record of a nation's financial transactions with the outside world.
▎2. 🅒🅞🅜🅟🅞🅝🅔🅝🅣🅢 of 🅱🅰🅻🅰🅽🅲🅴 of 🅿🅰🆈🅼🅴🅽🆃
• Current Account:
– Exports and imports of goods and services
– Investment income
– Debt service payments
– Net remittances and transfers
• Capital Account:
– Private foreign investment
– Public grants and loans
▎3. 🅣🅡🅐🅓🅔 🄱🄰🄻🄰🄽🄲🄴 🅞🅤🅣🅒🅞🅜🅔🅢
• Trade Surplus: 𝑬𝒙𝒑𝒐𝒓𝒕𝒔 > 𝑰𝒎𝒑𝒐𝒓𝒕𝒔
• Trade Deficit: 𝑰𝒎𝒑𝒐𝒓𝒕𝒔 > 𝑬𝒙𝒑𝒐𝒓𝒕𝒔
• Balanced Trade: 𝑬𝒙𝒑𝒐𝒓𝒕𝒔 = 𝑰𝒎𝒑𝒐𝒓𝒕𝒔
▎4. Case Study: 🇪🇹𝑬𝒕𝒉𝒊𝒐𝒑𝒊𝒂 vs. 🇨🇳𝑪𝒉𝒊𝒏𝒂 (2020)
• Ethiopia: Trade deficit of approximately US$10.7 billion
• China: Trade surplus of approximately US$535 billion
▎5. Economic Implications of Trade Imbalance
• Trade Surpluses: Often sought by nations for economic growth.
• Trade Deficits: Can be tolerable if they reflect investment in capital equipment to boost productivity.
▎6. Consequences of Large Trade Imbalances
• Financial Crises: Triggered by sustained trade deficits can lead to recessions.
– Example: Mexico (1995) – GDP fell by 8.1%.
– Example: Asian Financial Crisis (1997-1998) – Affected Thailand, South Korea, Malaysia, Indonesia.
– Example: Russia and Argentina (late 1990s to early 2000s).
▎7. Benefits of Foreign Trade Despite Imbalances
• Diversity in Production: Different countries have varying endowments.
• Economies of Scale: Lower costs as output increases.
• Consumer Satisfaction: Variety of commodities to meet different tastes.
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🇪🇹Ethiopian Historiography🇪🇹
▎1. Indigenous Tradition of Historical Writing
• Period: 14th Century to Early 20th Century
• Types of Writers:
– Chroniclers: Focused on achievements of Ethiopian emperors.
– Hagiographers: Contributed to the recorded history through religious narratives.
▎2. Limitations of Sources
• Challenges:
– Both chronicles and hagiographies have biases.
– Historians must critically evaluate these sources for accurate historical writing.
▎3. European Influence on Ethiopian Studies
• Key Figure: Job Ludolf (1624-1704)
– Published the first modern history of Ethiopia in 1684.
• Growth of Studies:
– Increased interest from European scholars post-19th century.
▎4. Shift in Focus (1963)
• Institute of Ethiopian Studies (IES): Established at Haile Sellassie I University.
• Change in Research Focus:
– Prior focus on the north due to availability of sources.
▎5. Advantages of Northern Ethiopia for Historical Study
• Written Language: Facilitated record-keeping.
• Historical Accounts: Ancient Greek, Roman, and Arab writings.
• Coptic Church Archives: Sources on the Christian kingdom.
• Archaeological Evidence: Rich resources for historical study.
▎6. Challenges in Southern Ethiopia
• Lack of Written Records: No written language until later.
• Limited European Exploration: Scant information available for reconstruction.
• Oral Traditions Overlooked: Until the 1960s, oral evidence was not scientifically utilized.
▎7. Imbalance in Historical Sources
• Focus on the North: Overemphasis on political history.
• Neglect of the South: Few studies on social and cultural history.
▎8. Issues with Objectivity
• Bias in Chronicles: Chronicles often favored Christian kings.
• Scholarship Influenced by Personal Ties: Many scholars had connections to royal families, leading to biased accounts.
• Knowledge Gaps: Lack of understanding of local contexts affected objectivity.
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📚 Historical Sources: Primary vs. Secondary 📚
🔍 Types of Historical Sources:
1. Primary Sources
– Definition: Direct evidence from the time of the event.
– Characteristics:
▪ Nearer in time and place to the event.
▪ First-hand accounts or original artifacts.
– Examples:
▪ Monuments Inscriptions
▪ Coins
▪ Letters Diaries
▪ Memoirs Chronicles
▪ Contracts Agreements
▪ Photographs Films
▪ Eyewitness Accounts
2. Secondary Sources
– Definition: Interpretations or analyses of primary sources.
– Characteristics:
▪ Not directly related to the event.
▪ Often historical reconstructions.
– Examples:
▪ Most History Books
▪ Documentaries
▪ Articles Essays
🗣 Oral Sources:
• Can be Primary or Secondary:
– Primary: Eyewitness accounts.
– Secondary: Information from informants who heard it from others (hearsay).
🔑 Importance of Critical Examination:
• Authenticity: Establish the originality of sources.
• Understanding: Clear comprehension of the meaning and essence of evidence.
⚠️ Risks of Misinterpretation:
• Without proper understanding, there is a risk of misrepresentation or incorrect interpretation of historical evidence.
3 200
🌍 World War I: Overview 🌍
🗓 Duration: 1914 - 1918
🌐 Major Powers Involved:
• Allied Powers:
– France
– United Kingdom
– Russia (until 1917)
– Italy (joined in 1915)
– United States (joined in 1917)
• Central Powers:
– Germany
– Austria-Hungary
– Ottoman Empire
– Bulgaria
⚔️ Key Causes:
• Militarism
• Alliances
• Imperialism
• Nationalism
• Assassination of Archduke Franz Ferdinand (June 28, 1914)
📈 Key Statistics:
• Total Military Personnel Mobilized: ~70 million
• Estimated Casualties:
– Military: ~10 million
– Civilian: ~7 million
• Major Battles:
– Battle of the Somme
– Battle of Verdun
– Battle of Gallipoli
🌍 Global Impact:
• Redrawn borders in Europe and the Middle East.
• Rise of new nations and ideologies.
• Establishment of the League of Nations.
📜 Treaty of Versailles (1919):
• Ended the state of war.
• Imposed heavy reparations on Germany.
• Redefined national boundaries.
🔍 Legacy:
• Set the stage for World War II.
• Significant social changes, including women's suffrage movements.
• Technological advancements in warfare.
3 200
🌍 World War I: Overview 🌍
🗓 Duration: 1914 - 1918
🌐 Major Powers Involved:
• Allied Powers:
– France
– United Kingdom
– Russia (until 1917)
– Italy (joined in 1915)
– United States (joined in 1917)
• Central Powers:
– Germany
– Austria-Hungary
– Ottoman Empire
– Bulgaria
⚔️ Key Causes:
• Militarism
• Alliances
• Imperialism
• Nationalism
• Assassination of Archduke Franz Ferdinand (June 28, 1914)
📈 Key Statistics:
• Total Military Personnel Mobilized: ~70 million
• Estimated Casualties:
– Military: ~10 million
– Civilian: ~7 million
• Major Battles:
– Battle of the Somme
– Battle of Verdun
– Battle of Gallipoli
🌍 Global Impact:
• Redrawn borders in Europe and the Middle East.
• Rise of new nations and ideologies.
• Establishment of the League of Nations.
📜 Treaty of Versailles (1919):
• Ended the state of war.
• Imposed heavy reparations on Germany.
• Redefined national boundaries.
🔍 Legacy:
• Set the stage for World War II.
• Significant social changes, including women's suffrage movements.
• Technological advancements in warfare.
3 200
10. What major idea did Wegener introduce that changed how scientists viewed Earth?
3 200
9. What type of evidence is shown by the similarity of ancient rock types across continents?
3 200
7. Why was Wegener’s theory not accepted by many scientists at the time?
3 200
6. What is one example of fossil evidence supporting continental drift?
3 200
5. Which two continents show a remarkable coastline fit supporting Wegener’s theory?
