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Posted by Gafuruddin Kazi 6 years, 5 months ago
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Yogita Ingle 6 years, 5 months ago
By the mid 18th century there was a common conviction that books were a means of spreading enlightenment and would end despotism and spread progress.Many believed that books could change the world and liberate society from despotism and tyranny.Louis Sebastian Mercer a novelist in the 18th century declared The printing press is the most powerful engine of progress and public opinion is the force that will sweep despotism away.
Posted by Gafuruddin Kazi 6 years, 5 months ago
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Yogita Ingle 6 years, 5 months ago
- By the late 19th century, the press came to be made out of metal.
- By the mid 19th century, Richard M. Hoe of New York had perfected the power-driven cylindrical press. This was capable of printing 8,000 sheets per hour. This press was particularly useful for printing newspapers.
- In the late 19th century, the offset press was developed which could print up to six colours at a time.
- By 20th century, electrically operated presses accelerated printing operations.
- Other developments were—Methods of feeding paper improved, the quality of plates became better, automatic paper reels and photoelectric controls of the colour register were introduced.
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Yogita Ingle 6 years, 5 months ago
The development of printing culture in China:
(i)From AD 594 onwards, books in China were printed by rubbing paper – also invented there – against the inked surface of woodblocks.
(ii)As both sides of the thin, porous sheet could not be printed, the traditional Chinese ‘accordion book’ was folded and stitched at the side.Superbly skilled craftsmen could duplicate, with remarkable accuracy, the beauty of calligraphy.
(iii)The imperial state in China was, for a very long time, the major producer of printed material. China possessed a huge bureaucratic system which recruited its personnel through civil service examinations.
(iv)Textbooks for this examination were printed in vast numbers under the sponsorship of the imperial state.
(v)From the sixteenth century, the number of examination candidates went up and that increased the volume of print.
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Posted by Om Biscuitwala 6 years, 5 months ago
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Yogita Ingle 6 years, 5 months ago
- Money's most important function is as a medium of exchange to facilitate transactions.
- In order to be a medium of exchange, money must hold its value over time; that is, it must be a store of value.
- Money also functions as a unit of account, providing a common measure of the value of goods and services being exchanged.
- Without money, all transactions would have to be conducted by barter, which involves direct exchange of one good or service for another.
- In other words, in a barter system, exchange can take place only if there is a double coincidence of wants.
- Money effectively eliminates the double coincidence of wants problem by serving as a medium of exchange that is accepted in all transactions.
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