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Unit 3 - Wealth and Poverty

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"Wealth and Poverty" Keywords

LEDC - Less economically developed country.

MEDC - More economically developed country.

Cash crops - A crop that is considered easily marketable, e.g, wheat or cotton.

Global village - The world: considered as the home of all nations and people.

Emergency aid - Aid for the poor in an emergency natural disaster.

Long term development - Development that happens over a big period of time.

Materialism - Preoccupation with or emphasis on material objects. e.g. comfort.

Almsgiving - A person who gives alms; the giving of alms; making voluntary contributions to aid the poor.

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"Wealth and Poverty" Keywords

Ummah - Islamic community or people considered to extend from Mauritania to Pakistan vincinity, a town.

Sawm - Fasting: during the month of Ramadan: the pillars of Islam.

Stewardship - Manage anothers property, finances, and other affairs. In charge of something.

Usury - The lending/practise of lending money at an interest, in excess of legal rate.

Zakah - A tax comprising percentages of personal income of every kind.

Sadaqah - Islam.

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Needs and wants

Need:
Air food and water.

Want:
Money, cars and phones.

What is the problem with poverty and wealth?
The problem with some people being rich and others poor is that the poor have none of their wants and not even all of their needs. Whilst the rich have all of both their wants and needs!

QUOTE: "The love of money is the root of all evil" (Paul)

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Christianity

What do Christians believe about wealth and poverty?
Loving money (more than other things) is evil, but money isn't evil.

Key teachings:
The parable of the talents: Wealthy woman gives 3 poor men money. 2 of which invest it properly, the other burries it. The woman is pleased with the 2 who invest in it. The impact of this is that Christians are taught to make the most of what God gives you. There are people without it.
The sheep and the goats: The end of time, judgement day. Sheeps are good so go to heaven. Goats are bad so go to hell. Sheep give shelter, look after people. Goats don't.
The Sermon on the mount: Jesus says you can't serve God and money at the same time. This means that you won't survive on earth which can be destroyed. Family will stay with you when you die.

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Islam: Wealth and Poverty

- Zakah is one of the 5 pillars of Islam.

- Giving away 2.5% of your income is commanded by God and a duty all Musilims follow.

- They also believe in paying Sadaqah which is voluntary giving money to charity on top of the 2.5% of income.

- Ramadan: Muslims can't eat between sunrise and sundown for one month per year.

- Fasting is one fo the other duties of Islam

- Muslims are required to fast between sunrise and sunset.

- Stewardship: Taking care of the things God has given us and using them in a fair and productive way for future generations.

- In Islam, a steward of God is known as Khalifah - Steward of Allah.

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Islam: Wealth and Poverty

- Riba: Not charging interest on a loan.

QUOTE: "Alms are for the poor and needy and for those employed to administer the pounds." (Surah 9:60)

Islamic teachings:
1. A true Muslim would not let a fellow Muslim starve.
2. Money is not everything, you cannot take it when you die.
3. It is totally forbidden to charge interest on money that has been loaned to someone.

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Causes of world poverty

The North:
- Has 25% of the worlds population
- Consumes 60% of the worlds food
- Average lift expectancy is 73 years
- Low infant mortality rate.
- Access to education and health care for all.
- Has 80% of the worlds wealth.

The south:
- Has 75% of the worlds population
- 25% of people are hungry or malnourished.
- Average life expectancy is 50 years
- High death rate for children under 5
- Limited access to education and health care
- Has 20% of the worlds wealth

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Causes of world Poverty

War - Wars destroy crops, homes, schools and hospitals etc. This causes even more poverty.

Debt - Most LEDCs have to borrow money from the banks of developed countries to survive and begin to develop.

Unfair Trade - World trade is dominated by the rich countries of the world. It is often the rich countries that determine the prices paid for products from an LEDC.

Natural Disasters - Many LEDCs are situated in the world where natural disasters (earthquakes, floods, etc) are more frequent and more severe than anywhere else.

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Poverty and Christian Aid

Relative Poverty: Have less than others but with basic needs.

Absolute poverty: Don't have the basics: Water, food, shelter etc.

Christian Aid:
- Set up in 1945 (end of WWII)
- Works on the basic of need, regardless race or religion.
- Since 1957 they have a week nationwide event in May each year.
- Recieves some government grants
- Funds to deal with emergency (tsunami)

Fundraising - Raising money for people in poverty.

Emergency aid - Money set aside for emergencies.

Long term aid - Aid that is constanly given through the country in questions organisations so they know how their money is being spent.

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Wealth and Poverty summary

1 Child dies of poverty every 3 seconds!

1 billion children are at risk today from war, poverty and hunger, failed by the worlds governments.

QUOTE: "We believe in life before death" (Charities)

Religious charity - Christian aid

Non religious charity - Children in need.

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