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139-730: CNH Industrial N.V. is an American-Italian multinational corporation with global headquarters in Basildon , United Kingdom , but controlled and mostly owned by the multinational investment company Exor , which in turn is controlled by the Agnelli family . The company is listed on the New York Stock Exchange . The company is incorporated in the Netherlands . The seat of the company is in Amsterdam , Netherlands, with

278-489: A temperate climate , tempering winters and summers, on much of the continent. Further from the sea, seasonal differences are more noticeable producing more continental climates . European culture consists of a range of national and regional cultures, which form the central roots of the wider Western civilisation , and together commonly reference ancient Greece and ancient Rome , particularly through their Christian successors , as crucial and shared roots. Beginning with

417-871: A German naturalist, Peter Simon Pallas , as a valley that once connected the Black Sea and the Caspian Sea, and subsequently was proposed as a natural boundary between continents. By the mid-19th century, there were three main conventions, one following the Don, the Volga–Don Canal and the Volga, the other following the Kuma–Manych Depression to the Caspian and then the Ural River, and the third abandoning

556-643: A Semitic term for west , this being either Akkadian erebu meaning 'to go down, set' (said of the sun) or Phoenician 'ereb 'evening, west', which is at the origin of Arabic maghreb and Hebrew ma'arav . Martin Litchfield West stated that "phonologically, the match between Europa's name and any form of the Semitic word is very poor", while Beekes considers a connection to Semitic languages improbable. Most major world languages use words derived from Eurṓpē or Europa to refer to

695-766: A basis in a national ethos , being ultimate without a specific nationhood, and that this lack of an ethos appears in their ways of operating as they enter into contracts with countries that have low human rights or environmental standards . In the world economy facilitated by multinational corporations, capital will increasingly be able to play workers, communities, and nations off against one another as they demand tax, regulation and wage concessions while threatening to move. In other words, increased mobility of multinational corporations benefits capital while workers and communities lose. Some negative outcomes generated by multinational corporations include increased inequality , unemployment , and wage stagnation . Raymond Vernon presents

834-818: A boundary along the Terek and Kuban rivers, so southwards from the Kuma and the Manych, but still with the Caucasus entirely in Asia. However, most geographers in the Soviet Union favoured the boundary along the Caucasus crest, and this became the common convention in the later 20th century, although the Kuma–Manych boundary remained in use in some 20th-century maps. Some view the separation of Eurasia into Asia and Europe as

973-582: A common currency, the euro , and participate in the European single market and a customs union . A large bloc of countries, the Schengen Area , have also abolished internal border and immigration controls. Regular popular elections take place every five years within the EU; they are considered to be the second-largest democratic elections in the world after India's . The EU is the third-largest economy in

1112-508: A corporation invests in a country in which it is not domiciled, it is called foreign direct investment (FDI). Countries may place restrictions on direct investment; for example, China has historically required partnerships with local firms or special approval for certain types of investments by foreigners, although some of these restrictions were eased in 2019. Similarly, the United States Committee on Foreign Investment in

1251-429: A free market system where there is little government interference. As a result, international wealth is maximized with free exchange of goods and services. To many economic liberals, multinational corporations are the vanguard of the liberal order. They are the embodiment par excellence of the liberal ideal of an interdependent world economy. They have taken the integration of national economies beyond trade and money to

1390-415: A global network of dealers. New Holland Agriculture manufactures agricultural tractors , balers, combines, forage harvesters, grape harvesters, hay tools, material handlers, planters, seeders, sprayers, tillage equipment and grounds care. New Holland has manufacturing facilities and offices in several countries and an international distribution network. Steyr is an Austrian manufacturer of tractors for

1529-406: A large land mass completely or almost completely surrounded by water at its borders. Prior to the adoption of the current convention that includes mountain divides, the border between Europe and Asia had been redefined several times since its first conception in classical antiquity , but always as a series of rivers, seas and straits that were believed to extend an unknown distance east and north from

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1668-490: A million troops to help, and by February 1991, Iraqi forces were expelled from Kuwait. Due to the oil boycott from Kuwait and Iran, oil prices rose and quickly recovered. Saudi Arabia once again led OPEC, and thanks to assistance in defending Kuwait, new relations emerged between the USA and OPEC. Operation "Desert Storm" brought mutual dependence among the main oil producers. OPEC continued to influence global oil prices but recognized

1807-763: A precise eastern boundary of Europe arises in the Early Modern period, as the eastern extension of Muscovy began to include North Asia . Throughout the Middle Ages and into the 18th century, the traditional division of the landmass of Eurasia into two continents, Europe and Asia, followed Ptolemy, with the boundary following the Turkish Straits , the Black Sea , the Kerch Strait , the Sea of Azov and

1946-597: A principal office in London , England. Through its various businesses, CNH Industrial designs, produces, and sells agricultural machinery and construction equipment ( Case IH and New Holland brand families). Present in all major markets worldwide, CNH Industrial is focused on expanding its presence in high-growth markets, including through joint ventures. In 2019 CNH Industrial employed more than 63,000 people in 67 manufacturing plants and 56 research and development centers. The company operates across 180 countries. Following

2085-613: A representative inventory of products. The retail financing is offered in North America, Brazil, Australia and Europe through wholly owned subsidiaries and in Western Europe through the joint venture with BNP Paribas Lease Group . CNH Industrial brands provides after-sales parts, service and support to their customers, both at the dealerships and in the field. Parts support is offered for items in their current product lines and past products, up to 20 years. Parts distribution

2224-711: A residue of Eurocentrism : "In physical, cultural and historical diversity, China and India are comparable to the entire European landmass, not to a single European country. [...]." During the 2.5 million years of the Pleistocene , numerous cold phases called glacials ( Quaternary ice age ), or significant advances of continental ice sheets, in Europe and North America, occurred at intervals of approximately 40,000 to 100,000 years. The long glacial periods were separated by more temperate and shorter interglacials which lasted about 10,000–15,000 years. The last cold episode of

2363-685: A result, the Reconquista took the greater part of eight hundred years, in which period a long list of Alfonsos, Sanchos, Ordoños, Ramiros, Fernandos, and Bermudos would be fighting their Christian rivals as much as the Muslim invaders. During the Dark Ages, the Western Roman Empire fell under the control of various tribes. The Germanic and Slav tribes established their domains over Western and Eastern Europe, respectively. Eventually

2502-401: Is also evidence that Homo sapiens arrived in Europe around 54,000 years ago, some 10,000 years earlier than previously thought. The earliest sites in Europe dated 48,000 years ago are Riparo Mochi (Italy), Geissenklösterle (Germany) and Isturitz (France). The European Neolithic period—marked by the cultivation of crops and the raising of livestock, increased numbers of settlements and

2641-488: Is closest to Anatolia (or Asia Minor), but is considered part of Europe politically and it is a member state of the EU. Malta was considered an island of North-western Africa for centuries, but now it is considered to be part of Europe as well. "Europe", as used specifically in British English , may also refer to Continental Europe exclusively. The term "continent" usually implies the physical geography of

2780-756: Is commonly considered to be separated from Asia by the watershed of the Ural Mountains , the Ural River , the Caspian Sea , the Greater Caucasus , the Black Sea , and the waterway of the Bosporus Strait . Europe covers about 10.18 million km (3.93 million sq mi), or 2% of Earth's surface (6.8% of land area), making it the second-smallest continent (using the seven-continent model ). Politically, Europe

2919-478: Is divided into about fifty sovereign states , of which Russia is the largest and most populous , spanning 39% of the continent and comprising 15% of its population. Europe had a total population of about 745 million (about 10% of the world population ) in 2021; the third-largest after Asia and Africa. The European climate is affected by warm Atlantic currents, such as the Gulf Stream , which produce

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3058-562: Is generally considered a transcontinental country divided entirely by water, while Russia and Kazakhstan are only partly divided by waterways. France, the Netherlands, Portugal and Spain are also transcontinental (or more properly, intercontinental, when oceans or large seas are involved) in that their main land areas are in Europe while pockets of their territories are located on other continents separated from Europe by large bodies of water. Spain, for example, has territories south of

3197-410: Is often handled through international arbitration . The actions of multinational corporations are strongly supported by economic liberalism and free market system in a globalized international society. According to the economic realist view, individuals act in rational ways to maximize their self-interest and therefore, when individuals act rationally, markets are created and they function best in

3336-503: Is operated through parts depots present on all five continents. CNH Industrial has a network of more than 11,500 dealers and distributors spread across approximately 170 countries worldwide. Dealers are independent and not owned by CNH Industrial, with the exception of 12 dealerships in North America and Europe . CNH Industrial manufacturing base includes 37 facilities in Europe, Latin America , North America and Asia . CNH Global NV

3475-550: Is sometimes considered to mark the end of antiquity; alternatively antiquity is considered to end with the fall of the Western Roman Empire in 476 CE; the closure of the pagan Platonic Academy of Athens in 529 CE; or the rise of Islam in the early 7th century CE. During most of its existence, the Byzantine Empire was one of the most powerful economic, cultural, and military forces in Europe. During

3614-422: Is somewhat arbitrary and inconsistent compared to any clear-cut definition of the term "continent". The current division of Eurasia into two continents now reflects East-West cultural, linguistic and ethnic differences which vary on a spectrum rather than with a sharp dividing line. The geographic border between Europe and Asia does not follow any state boundaries and now only follows a few bodies of water. Turkey

3753-865: Is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. MNCs may gain from their global presence in a variety of ways. First of all, MNCs can benefit from the economy of scale by spreading R&D expenditures and advertising costs over their global sales, pooling global purchasing power over suppliers, and utilizing their technological and managerial experience globally with minimal additional costs. Furthermore, MNCs can use their global presence to take advantage of underpriced labor services available in certain developing countries and gain access to special R&D capabilities residing in advanced foreign countries. The problem of moral and legal constraints upon

3892-980: The British East India Company founded in 1600 and the Dutch East India Company (VOC) founded in 1602. In addition to carrying on trade between Great Britain and its colonies, the British East India Company became a quasi-government in its own right, with local government officials and its own army in India. Other examples include the Swedish Africa Company founded in 1649 and the Hudson's Bay Company founded in 1670. These early corporations engaged in international trade and exploration and set up trading posts. The Dutch government took over

4031-845: The Carolingian Renaissance of the 9th century. From that time, the term designated the sphere of influence of the Western Church , as opposed to both the Eastern Orthodox churches and to the Islamic world . A cultural definition of Europe as the lands of Latin Christendom coalesced in the 8th century, signifying the new cultural condominium created through the confluence of Germanic traditions and Christian-Latin culture, defined partly in contrast with Byzantium and Islam , and limited to northern Iberia ,

4170-517: The Don (ancient Tanais ). But maps produced during the 16th to 18th centuries tended to differ in how to continue the boundary beyond the Don bend at Kalach-na-Donu (where it is closest to the Volga, now joined with it by the Volga–Don Canal ), into territory not described in any detail by the ancient geographers. Around 1715, Herman Moll produced a map showing the northern part of the Ob River and

4309-573: The European population at the time. The plague had a devastating effect on Europe's social structure; it induced people to live for the moment as illustrated by Giovanni Boccaccio in The Decameron (1353). It was a serious blow to the Roman Catholic Church and led to increased persecution of Jews , beggars and lepers . The plague is thought to have returned every generation with varying virulence and mortalities until

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4448-512: The Greeks and Phoenicians gave rise to early Mediterranean cities. Early Iron Age Italy and Greece from around the 8th century BCE gradually gave rise to historical Classical antiquity, whose beginning is sometimes dated to 776 BCE, the year of the first Olympic Games . Ancient Greece was the founding culture of Western civilisation. Western democratic and rationalist culture are often attributed to Ancient Greece. The Greek city-state,

4587-636: The Inquisition against heretics. In the Iberian Peninsula , the Reconquista concluded with the fall of Granada in 1492 , ending over seven centuries of Islamic rule in the south-western peninsula. In the east, a resurgent Byzantine Empire recaptured Crete and Cyprus from the Muslims, and reconquered the Balkans. Constantinople was the largest and wealthiest city in Europe from the 9th to

4726-801: The Iron Curtain , with NATO in the West and the Warsaw Pact in the East . This divide ended with the Revolutions of 1989 , the fall of the Berlin Wall , and the dissolution of the Soviet Union , which allowed European integration to advance significantly. European integration is being advanced institutionally since 1948 with the founding of the Council of Europe , and significantly through

4865-733: The Irtysh River , a major tributary of the Ob, as components of a series of partly-joined waterways taking the boundary between Europe and Asia from the Turkish Straits, and the Don River all the way to the Arctic Ocean. In 1721, he produced a more up to date map that was easier to read. However, his proposal to adhere to major rivers as the line of demarcation was never taken up by other geographers who were beginning to move away from

5004-546: The Mediterranean Sea —namely, Ceuta and Melilla —which are parts of Africa and share a border with Morocco. According to the current convention, Georgia and Azerbaijan are transcontinental countries where waterways have been completely replaced by mountains as the divide between continents. The first recorded usage of Eurṓpē as a geographic term is in the Homeric Hymn to Delian Apollo , in reference to

5143-708: The Megalithic Temples of Malta and Stonehenge , were constructed throughout Western and Southern Europe. The modern native populations of Europe largely descend from three distinct lineages: Mesolithic hunter-gatherers , descended from populations associated with the Paleolithic Epigravettian culture; Neolithic Early European Farmers who migrated from Anatolia during the Neolithic Revolution 9,000 years ago; and Yamnaya Steppe herders who expanded into Europe from

5282-607: The Neandertal valley in Germany ) appeared in Europe 150,000 years ago (115,000 years ago it is found already in the territory of present-day Poland ) and disappeared from the fossil record about 40,000 years ago, with their final refuge being the Iberian Peninsula. The Neanderthals were supplanted by modern humans ( Cro-Magnons ), who seem to have appeared in Europe around 43,000 to 40,000 years ago. However, there

5421-655: The Pechenegs and the Cuman-Kipchaks , caused a massive migration of Slavic populations to the safer, heavily forested regions of the north, and temporarily halted the expansion of the Rus' state to the south and east. Like many other parts of Eurasia , these territories were overrun by the Mongols . The invaders, who became known as Tatars , were mostly Turkic-speaking peoples under Mongol suzerainty. They established

5560-693: The Pontic–Caspian steppe of Ukraine and southern Russia in the context of Indo-European migrations 5,000 years ago. The European Bronze Age began c. 3200 BCE in Greece with the Minoan civilisation on Crete , the first advanced civilisation in Europe. The Minoans were followed by the Myceneans , who collapsed suddenly around 1200 BCE, ushering the European Iron Age . Iron Age colonisation by

5699-406: The Serbian Principality (later Kingdom and Empire ), and the Duchy of Croatia (later Kingdom of Croatia ). To the east, Kievan Rus' expanded from its capital in Kiev to become the largest state in Europe by the 10th century. In 988, Vladimir the Great adopted Orthodox Christianity as the religion of state. Further east, Volga Bulgaria became an Islamic state in the 10th century, but

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5838-426: The decline of the Roman Empire , Europe entered a long period of change arising from what historians call the " Age of Migrations ". There were numerous invasions and migrations amongst the Ostrogoths , Visigoths , Goths , Vandals , Huns , Franks , Angles , Saxons , Slavs , Avars , Bulgars , Vikings , Pechenegs , Cumans , and Magyars . Renaissance thinkers such as Petrarch would later refer to this as

5977-465: The fall of the Western Roman Empire in 476 CE, Christian consolidation of Europe in the wake of the Migration Period marked the European post-classical Middle Ages . The Italian Renaissance spread in the continent a new humanist interest in art and science which led to the modern era . Since the Age of Discovery , led by Spain and Portugal , Europe played a predominant role in global affairs with multiple explorations and conquests around

6116-432: The last glacial period ended about 10,000 years ago. Earth is currently in an interglacial period of the Quaternary, called the Holocene . Homo erectus georgicus , which lived roughly 1.8 million years ago in Georgia , is the earliest hominin to have been discovered in Europe. Other hominin remains, dating back roughly 1 million years, have been discovered in Atapuerca , Spain . Neanderthal man (named after

6255-517: The polis , was the fundamental political unit of classical Greece. In 508 BCE, Cleisthenes instituted the world's first democratic system of government in Athens . The Greek political ideals were rediscovered in the late 18th century by European philosophers and idealists. Greece also generated many cultural contributions: in philosophy , humanism and rationalism under Aristotle , Socrates and Plato ; in history with Herodotus and Thucydides ; in dramatic and narrative verse, starting with

6394-402: The "Dark Ages". Isolated monastic communities were the only places to safeguard and compile written knowledge accumulated previously; apart from this, very few written records survive. Much literature, philosophy, mathematics, and other thinking from the classical period disappeared from Western Europe, though they were preserved in the east, in the Byzantine Empire. While the Roman empire in

6533-461: The 12th centuries, with a population of approximately 400,000. The Empire was weakened following the defeat at Manzikert , and was weakened considerably by the sack of Constantinople in 1204 , during the Fourth Crusade . Although it would recover Constantinople in 1261, Byzantium fell in 1453 when Constantinople was taken by the Ottoman Empire . In the 11th and 12th centuries, constant incursions by nomadic Turkic tribes, such as

6672-401: The 12th to the 15th centuries, the Grand Duchy of Moscow grew from a small principality under Mongol rule to the largest state in Europe, overthrowing the Mongols in 1480, and eventually becoming the Tsardom of Russia . The state was consolidated under Ivan III the Great and Ivan the Terrible , steadily expanding to the east and south over the next centuries. The Great Famine of 1315–1317

6811-444: The 18th century. During this period, more than 100 plague epidemics swept across Europe. The Renaissance was a period of cultural change originating in Florence , and later spreading to the rest of Europe. The rise of a new humanism was accompanied by the recovery of forgotten classical Greek and Arabic knowledge from monastic libraries, often translated from Arabic into Latin . The Renaissance spread across Europe between

6950-446: The 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from the Spanish government. Rio Tinto, now based in London and Melbourne , Australia, has made many acquisitions and expanded globally to mine aluminum , iron ore , copper , uranium , and diamonds . European mines in South Africa began opening in the late 19th century, producing gold and other minerals for

7089-400: The 50 years of peace that followed are known as Golden Age of Athens , the seminal period of ancient Greece that laid many of the foundations of Western civilisation. Greece was followed by Rome , which left its mark on law , politics , language , engineering , architecture , government , and many more key aspects in western civilisation. By 200 BCE, Rome had conquered Italy and over

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7228-421: The British Isles, France, Christianised western Germany, the Alpine regions and northern and central Italy. The concept is one of the lasting legacies of the Carolingian Renaissance : Europa often figures in the letters of Charlemagne's court scholar, Alcuin . The transition of Europe to being a cultural term as well as a geographic one led to the borders of Europe being affected by cultural considerations in

7367-448: The Don altogether, following the Greater Caucasus watershed to the Caspian. The question was still treated as a "controversy" in geographical literature of the 1860s, with Douglas Freshfield advocating the Caucasus crest boundary as the "best possible", citing support from various "modern geographers". In Russia and the Soviet Union , the boundary along the Kuma–Manych Depression was the most commonly used as early as 1906. In 1958,

7506-427: The Early Middle Ages, and soon spread throughout Europe. A struggle for influence between the nobility and the monarchy in England led to the writing of Magna Carta and the establishment of a parliament . The primary source of culture in this period came from the Roman Catholic Church . Through monasteries and cathedral schools , the Church was responsible for education in much of Europe. The Papacy reached

7645-452: The East, especially relating to areas under Byzantine, Ottoman, and Russian influence. Such questions were affected by the positive connotations associated with the term Europe by its users. Such cultural considerations were not applied to the Americas, despite their conquest and settlement by European states. Instead, the concept of "Western civilization" emerged as a way of grouping together Europe and these colonies. The question of defining

7784-496: The English language. Senior officials, although mostly still Swedish, all learned English and all major internal documents were in English, the lingua franca of multinational corporations. After the war, the number of businesses having at least one foreign country operation rose drastically from a few thousand to 78,411 in 2007. Meanwhile, 74% of parent companies are located in economically advanced countries. Developing and former communist countries such as China, India, and Brazil are

7923-421: The Frankish tribes were united under Clovis I . Charlemagne , a Frankish king of the Carolingian dynasty who had conquered most of Western Europe, was anointed " Holy Roman Emperor " by the Pope in 800. This led in 962 to the founding of the Holy Roman Empire , which eventually became centred in the German principalities of central Europe. East Central Europe saw the creation of the first Slavic states and

8062-404: The Great 's efforts to make Russia more European, ignored the whole boundary question with his claim that neither Russia, Scandinavia, northern Germany, nor Poland were fully part of Europe. Since then, many modern analytical geographers like Halford Mackinder have declared that they see little validity in the Ural Mountains as a boundary between continents. The mapmakers continued to differ on

8201-423: The Industrial Engineering sector. On 29 September 2013, CNH Global N.V. and Fiat Industrial S.p.A. were merged into CNH Industrial N.V., a company incorporated in the Netherlands. Fiat Industrial shareholders received one CNH Industrial common share for every Fiat Industrial share held and CNH Global shareholders received 3.828 CNH Industrial common shares for every CNH Global common share held. CNH Industrial N.V.

8340-431: The International Energy Agency (IEA), enabling states to coordinate policy, gather data, and monitor global oil reserves. In the 1970s, OPEC gradually nationalized the Seven Sisters. The Kingdom of Saudi Arabia, as the only largest world oil producer, could leverage this. However, Saudi Arabia opted for the correct approach and maintained consistent oil prices throughout the 1970s. In 1979, the "second oil shock" came from

8479-427: The Levant and North Africa and making inroads into Asia Minor . In the mid-7th century, following the Muslim conquest of Persia , Islam penetrated into the Caucasus region. Over the next centuries Muslim forces took Cyprus , Malta , Crete , Sicily , and parts of southern Italy . Between 711 and 720, most of the lands of the Visigothic Kingdom of Iberia were brought under Muslim rule—save for small areas in

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8618-414: The Mediterranean Sea without the inclusion of any mountain ranges. Cartographer Herman Moll suggested in 1715 Europe was bounded by a series of partly-joined waterways directed towards the Turkish straits, and the Irtysh River draining into the upper part of the Ob River and the Arctic Ocean . In contrast, the present eastern boundary of Europe partially adheres to the Ural and Caucasus Mountains, which

8757-451: The Netherlands has become a popular choice, as its company laws have fewer requirements for meetings, compensation, and audit committees, and Great Britain had advantages due to laws on withholding dividends and a double-taxation treaty with the United States. Corporations can legally engage in tax avoidance through their choice of jurisdiction but must be careful to avoid illegal tax evasion . Corporations that are broadly active across

8896-434: The OLI framework. The other theoretical dimension of the role of multinational corporations concerns the relationship between the globalization of economic engagement and the culture of national and local responses. This has a history of self-conscious cultural management going back at least to the 60s. For example: Ernest Dichter, architect, of Exxon's international campaign, writing in the Harvard Business Review in 1963,

9035-433: The Soviet Geographical Society formally recommended that the boundary between the Europe and Asia be drawn in textbooks from Baydaratskaya Bay , on the Kara Sea , along the eastern foot of Ural Mountains, then following the Ural River until the Mugodzhar Hills , and then the Emba River ; and Kuma–Manych Depression, thus placing the Caucasus entirely in Asia and the Urals entirely in Europe. The Flora Europaea adopted

9174-400: The Tanais (the modern Don River) as the boundary. The Roman Empire did not attach a strong identity to the concept of continental divisions. However, following the fall of the Western Roman Empire , the culture that developed in its place , linked to Latin and the Catholic church, began to associate itself with the concept of "Europe". The term "Europe" is first used for a cultural sphere in

9313-404: The Third World colonies. That changed dramatically after 1945 as investors turned to industrialized countries and invested in manufacturing (especially high-tech electronics, chemicals, drugs, and vehicles) as well as trade. Sweden's leading manufacturing concern was SKF , a leading maker of bearings for machinery. In order to expand its international business, it decided in 1966 it needed to use

9452-636: The U.S. applies its corporate taxation "extraterritorially", which has motivated tax inversions to change the home state. By 2019, most OECD nations, with the notable exception of the U.S., had moved to territorial tax in which only revenue inside the border was taxed; however, these nations typically scrutinize foreign income with controlled foreign corporation (CFC) rules to avoid base erosion and profit shifting . In practice, even under an extraterritorial system, taxes may be deferred until remittance, with possible repatriation tax holidays , and subject to foreign tax credits . Countries generally cannot tax

9591-450: The United States sanctions against Iran ; European companies faced with the possibility of losing access to the U.S. market by trading with Iran. International investment agreements also facilitate direct investment between two countries, such as the North American Free Trade Agreement and most favored nation status. Raymond Vernon reported in 1977 that of the largest multinationals focused on manufacturing, 250 were headquartered in

9730-506: The United States scrutinizes foreign investments. In addition, corporations may be prohibited from various business transactions by international sanctions or domestic laws. For example, Chinese domestic corporations or citizens have limitations on their ability to make foreign investments outside China, in part to reduce capital outflow . Countries can impose extraterritorial sanctions on foreign corporations even for doing business with other foreign corporations, which occurred in 2019 with

9869-558: The United States as the largest consumer and guarantor of the existing oil security order. Since the Iraq War, OPEC has had only a minor influence on oil prices, but it has expanded to 11 members, accounting for about 40 percent of total global oil production, although this is a decline from nearly 50 percent in 1974. Oil has practically become a common commodity, leading to much more volatile prices. Most OPEC members are wealthy, and most remain dependent on oil revenues, which has serious consequences, such as when OPEC members were pressured by

10008-524: The United States from 2010. The USA became the leading oil producer, creating tension with OPEC. In 2014, Saudi Arabia increased production to push new American producers out of the market, leading to lower prices. OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in

10147-512: The United States, 115 in Western Europe, 70 in Japan, and 20 in the rest of the world. The multinationals in banking numbered 20 headquartered in the United States, 13 in Europe, nine in Japan and three in Canada. Today multinationals can select from a variety of jurisdictions for various subsidiaries, but the ultimate parent company can select a single legal domicile ; The Economist suggests that

10286-766: The VOC in 1799, and during the 19th century, other governments increasingly took over private companies, most notably in British India. During the process of decolonization , the European colonial charter companies were disbanded, with the final colonial corporation, the Mozambique Company , dissolving in 1972. Mining of gold, silver, copper, and oil was a major activity early on and remains so today. International mining companies became prominent in Britain in

10425-507: The West to the post-colonial South and invest either in foreign expenditures or ostentatious economic development projects. After 1974, most of the money from OPEC members ceased as payments for goods and services or investments in Western industry. In February 1974, the first Washington Energy Conference was convened. The most significant contribution of this conference was the establishment of

10564-550: The activities of truck manufacturer Iveco ; an 89.3% stake in the agricultural and construction equipment producer CNH Global ; and FPT Industrial, which consists of the industrial and marine activities formerly part of Fiat Powertrain Technologies . The company's Chairman was Sergio Marchionne , who also served as CEO of Fiat S.p.A. and Chairman/CEO of Chrysler Group LLC, now merged as Fiat Chrysler Automobiles . On 1 January 2011, each existing share of Fiat S.p.A.

10703-496: The adoption of Christianity ( c. 1000 CE) . The powerful West Slavic state of Great Moravia spread its territory all the way south to the Balkans, reaching its largest territorial extent under Svatopluk I and causing a series of armed conflicts with East Francia . Further south, the first South Slavic states emerged in the late 7th and 8th century and adopted Christianity : the First Bulgarian Empire ,

10842-904: The agricultural, forestry and municipal sectors. In construction equipment, CNH Industrial manufactures machinery, including backhoe loaders and skid-steer loaders in North America, and crawler excavators in Western Europe. Case Construction Equipment offers construction equipment , including backhoe loaders, articulated trucks , crawler and wheeled excavators (including compact), telehandlers, motor graders, wheel loaders (including compact), vibratory compaction rollers, crawler dozers, skid steers , compact track loaders, tractor loaders and rough-terrain forklifts. New Holland Construction manufactures construction equipment including crawler and wheeled excavators, wheel loaders, backhoes loaders, skid steer loaders, dozers, telehandlers, mini-wheel loaders compact track loaders, mini and midi excavators and graders. CNH Industrial offers financial services under

10981-648: The basis of many modern legal systems, funded the construction of the Hagia Sophia and brought the Christian church under state control. From the 7th century onwards, as the Byzantines and neighbouring Sasanid Persians were severely weakened due to the protracted, centuries-lasting and frequent Byzantine–Sasanian wars , the Muslim Arabs began to make inroads into historically Roman territory, taking

11120-469: The behavior of multinational corporations, given that they are effectively "stateless" actors, is one of several urgent global socioeconomic problems that has emerged during the late twentieth century. Potentially, the best concept for analyzing society's governance limitations over modern corporations is the concept of "stateless corporations". Coined at least as early as 1991 in Business Week ,

11259-563: The boundary between the lower Don and Samara well into the 19th century. The 1745 atlas published by the Russian Academy of Sciences has the boundary follow the Don beyond Kalach as far as Serafimovich before cutting north towards Arkhangelsk , while other 18th- to 19th-century mapmakers such as John Cary followed Strahlenberg's prescription. To the south, the Kuma–Manych Depression was identified c.  1773 by

11398-519: The brand name CNH Industrial Capital. CNH Industrial Capital offers financial products and services to dealers and customers in North America , Australia , Brazil and Western Europe . The principal products offered are retail financing for the purchase or lease of new and used CNH Industrial equipment and wholesale financing to its dealers. Wholesale financing consists primarily of floor plan financing and allows dealers to purchase and maintain

11537-742: The collapse of the Shah's regime in Iran. Iran became a regional power due to oil money and American weapons. The Shah eventually abdicated and fled the country. This prompted a strike by thousands of Iranian oil workers, significantly reducing oil production in Iran. Saudi Arabia tried to cope with the crisis by increasing production, but oil prices still soared, leading to the "second oil shock." Saudi Arabia significantly reduced oil production, losing most of its revenues. In 1986, Riyadh changed course, and oil production in Saudi Arabia sharply increased, flooding

11676-717: The companies. This occurred in 1960. Prior to the 1973 oil crisis , the Seven Sisters controlled around 85 percent of the world's petroleum reserves . In the 1970s, most countries with large reserves nationalized their reserves that had been owned by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco , Gazprom (Russia), China National Petroleum Corporation , National Iranian Oil Company , PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). A unilateral increase in oil prices

11815-510: The conception was theoretically clarified in 1993: that an empirical strategy for defining a stateless corporation is with analytical tools at the intersection between demographic analysis and transportation research. This intersection is known as logistics management , and it describes the importance of rapidly increasing global mobility of resources. In a long history of analysis of multinational corporations, we are some quarter-century into an era of stateless corporations—corporations that meet

11954-468: The continent The prevalent definition of Europe as a geographical term has been in use since the mid-19th century. Europe is taken to be bounded by large bodies of water to the north, west and south; Europe's limits to the east and north-east are usually taken to be the Ural Mountains , the Ural River , and the Caspian Sea ; to the south-east, the Caucasus Mountains , the Black Sea , and

12093-573: The continent. Chinese, for example, uses the word Ōuzhōu ( 歐洲 / 欧洲 ), which is an abbreviation of the transliterated name Ōuluóbā zhōu ( 歐羅巴洲 ) ( zhōu means "continent"); a similar Chinese-derived term Ōshū ( 欧州 ) is also sometimes used in Japanese such as in the Japanese name of the European Union, Ōshū Rengō ( 欧州連合 ) , despite the katakana Yōroppa ( ヨーロッパ ) being more commonly used. In some Turkic languages,

12232-640: The continents as the lands given by Noah to his three sons; Europe was defined as stretching from the Pillars of Hercules at the Strait of Gibraltar , separating it from Northwest Africa , to the Don, separating it from Asia. The convention received by the Middle Ages and surviving into modern usage is that of the Roman era used by Roman-era authors such as Posidonius , Strabo , and Ptolemy , who took

12371-643: The creation of a "world customer". The idea of a global corporate village entailed the management and reconstitution of parochial attachments to one's nation. It involved not a denial of the naturalness of national attachments, but an internationalization of the way a nation defines itself. "Multinational enterprise" (MNE) is the term used by international economist and similarly defined with the multinational corporation (MNC) as an enterprise that controls and manages production establishments, known as plants located in at least two countries. The multinational enterprise (MNE) will engage in foreign direct investment (FDI) as

12510-857: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere . It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east. Europe shares the landmass of Eurasia with Asia, and of Afro-Eurasia with both Asia and Africa . Europe

12649-584: The development of major commercial routes along the coast of the Mediterranean and Baltic Seas . The growing wealth and independence acquired by some coastal cities gave the Maritime Republics a leading role in the European scene. The Middle Ages on the mainland were dominated by the two upper echelons of the social structure: the nobility and the clergy. Feudalism developed in France in

12788-718: The end of the 18th century, gave rise to radical economic, cultural, and social change in Western Europe and eventually the wider world. Both world wars began and were fought to a great extent in Europe, contributing to a decline in Western European dominance in world affairs by the mid-20th century as the Soviet Union and the United States took prominence and competed over dominance in Europe and globally. The resulting Cold War divided Europe along

12927-590: The epic poems of Homer ; in drama with Sophocles and Euripides ; in medicine with Hippocrates and Galen ; and in science with Pythagoras , Euclid , and Archimedes . In the course of the 5th century BCE, several of the Greek city states would ultimately check the Achaemenid Persian advance in Europe through the Greco-Persian Wars , considered a pivotal moment in world history, as

13066-588: The execution of the deed of demerger from CNH Industrial N.V., Iveco Group was established on 1 January 2022. CNH Industrial products are marketed globally through several brands in two operating segments: agriculture and construction. In agricultural equipment , CNH Industrial is a manufacturer of agricultural tractors and combines , including hay and forage equipment and specialty harvesting equipment. Case IH manufactures agricultural tractors , balers, coffee harvesters, combines, cotton pickers , planters, sugar cane harvesters, and tillage equipment, sold through

13205-481: The firm makes direct investments in host country plants for equity ownership and managerial control to avoid some transaction costs . Sanjaya Lall in 1974 proposed a spectrum of scholarly analysis of multinational corporations, from the political right to the left. He put the business school how-to-do-it writers at the extreme right, followed by the liberal laissez-faire economists, and the neoliberals (they remain right of center but do allow for occasional mistakes of

13344-584: The following two centuries it conquered Greece , Hispania ( Spain and Portugal ), the North African coast, much of the Middle East , Gaul ( France and Belgium ), and Britannia ( England and Wales ). Expanding from their base in central Italy beginning in the third century BCE, the Romans gradually expanded to eventually rule the entire Mediterranean basin and Western Europe by the turn of

13483-416: The hands of state-owned companies that operated in one country and sold oil to multinationals such as BP, Shell, ExxonMobil and Chevron. Down through the 1930s, about 80% of the international investments by multinational corporations were concentrated in the primary sector, especially mining (especially oil) and agriculture (rubber, tobacco, sugar, palm oil , coffee, cocoa, and tropical fruits). Most went to

13622-651: The height of its power during the High Middle Ages. An East-West Schism in 1054 split the former Roman Empire religiously, with the Eastern Orthodox Church in the Byzantine Empire and the Roman Catholic Church in the former Western Roman Empire. In 1095 Pope Urban II called for a crusade against Muslims occupying Jerusalem and the Holy Land . In Europe itself, the Church organised

13761-509: The idea of water boundaries as the only legitimate divides between Europe and Asia. Four years later, in 1725, Philip Johan von Strahlenberg was the first to depart from the classical Don boundary. He drew a new line along the Volga , following the Volga north until the Samara Bend , along Obshchy Syrt (the drainage divide between the Volga and Ural Rivers ), then north and east along

13900-576: The international oil market. Iran was unable to sell any of its oil. In August 1953, the then-prime minister was overthrown by a pro-American dictatorship led by the Shah, and in October 1954, the Iranian industry was denationalized. Worldwide oil consumption increased rapidly between 1949 and 1970, a period known as the 'golden age of oil'. This increase in consumption was caused not only by the growth of production by multinational oil companies but also by

14039-415: The internationalization of production. For the first time in history, production, marketing, and investment are being organized on a global scale rather than in terms of isolated national economies. International business is also a specialist field of academic research. Economic theories of the multinational corporation include internalization theory and the eclectic paradigm . The latter is also known as

14178-460: The largest recipients. However, 70% of foreign direct investment went into developed countries in the form of stocks and cash flows. The rise in the number of multinational companies could be due to a stable political environment that encourages cooperation, advances in technology that enable management of faraway regions, and favorable organizational development that encourages business expansion into other countries. A multinational corporation (MNC)

14317-596: The latter waterway to its source in the Ural Mountains . At this point he proposed that mountain ranges could be included as boundaries between continents as alternatives to nearby waterways. Accordingly, he drew the new boundary north along Ural Mountains rather than the nearby and parallel running Ob and Irtysh rivers. This was endorsed by the Russian Empire and introduced the convention that would eventually become commonly accepted. However, this did not come without criticism. Voltaire , writing in 1760 about Peter

14456-474: The laws and regulations of both their domicile and the additional jurisdictions where they are engaged in business. In some cases, the jurisdiction can help to avoid burdensome laws, but regulatory statutes often target the "enterprise" with statutory language around "control". As of 1992 , the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. As of 2019 ,

14595-494: The market with cheap oil. This caused a worldwide drop in oil prices, hence the "third oil shock" or "counter-shock." However, this shock represented something much bigger—the end of OPEC's dominance and its control over oil prices. Iraqi President Saddam Hussein decided to attack Kuwait. The invasion sparked a crisis in the Middle East, prompting Saudi Arabia to request assistance from the United States. The United States sent

14734-543: The marketplace such as externalities). Moving to the left side of the line are nationalists, who prioritize national interests over corporate profits, then the "dependencia" school in Latin America that focuses on the evils of imperialism, and on the far left the Marxists. The range is so broad that scholarly consensus is hard to discern. Anti-corporate advocates criticize multinational corporations for being without

14873-577: The millennium. The Roman Republic ended in 27 BCE, when Augustus proclaimed the Roman Empire . The two centuries that followed are known as the pax romana , a period of unprecedented peace, prosperity and political stability in most of Europe. The empire continued to expand under emperors such as Antoninus Pius and Marcus Aurelius , who spent time on the Empire's northern border fighting Germanic , Pictish and Scottish tribes. Christianity

15012-710: The northwest ( Asturias ) and largely Basque regions in the Pyrenees . This territory, under the Arabic name Al-Andalus , became part of the expanding Umayyad Caliphate . The unsuccessful second siege of Constantinople (717) weakened the Umayyad dynasty and reduced their prestige. The Umayyads were then defeated by the Frankish leader Charles Martel at the Battle of Poitiers in 732, which ended their northward advance. In

15151-483: The originally Persian name Frangistan ("land of the Franks ") is used casually in referring to much of Europe, besides official names such as Avrupa or Evropa . Clickable map of Europe, showing one of the most commonly used continental boundaries Key: blue : states which straddle the border between Europe and Asia ; green : countries not geographically in Europe, but closely associated with

15290-444: The poetry devoted to it. An alternative view is that of Robert Beekes , who has argued in favour of a pre-Indo-European origin for the name, explaining that a derivation from eurus would yield a different toponym than Europa. Beekes has located toponyms related to that of Europa in the territory of ancient Greece, and localities such as that of Europos in ancient Macedonia . There have been attempts to connect Eurṓpē to

15429-560: The price collapse in 1998–1999. The United States still maintains close relations with Saudi Arabia. In 2003, U.S. forces invaded Iraq with the aim of removing the dictatorship and gaining access to Iraqi oil reserves, giving the United States greater strategic importance from 2000 to 2008. During this period, there was a constant shortage of oil, but its consumption continued to rise, maintaining high prices and leading to concerns about "peak oil". From 2005 to 2012, there were advances in oil and gas extraction, leading to increased production in

15568-480: The realisation of the European Union (EU), which represents today the majority of Europe. The European Union is a supranational political entity that lies between a confederation and a federation and is based on a system of European treaties . The EU originated in Western Europe but has been expanding eastward since the dissolution of the Soviet Union in 1991. A majority of its members have adopted

15707-611: The realities of the needs of source materials on a worldwide basis and to produce and customize products for individual countries. One of the first multinational business organizations, the East India Company , was established in 1601. After the East India Company came the Dutch East India Company , founded on March 20, 1603, which would become the largest company in the world for nearly 200 years. The main characteristics of multinational companies are: When

15846-507: The remote regions of north-western Iberia and the middle Pyrenees the power of the Muslims in the south was scarcely felt. It was here that the foundations of the Christian kingdoms of Asturias , Leon , and Galicia were laid and from where the reconquest of the Iberian Peninsula would start. However, no coordinated attempt would be made to drive the Moors out. The Christian kingdoms were mainly focused on their own internal power struggles. As

15985-535: The state of the Golden Horde with headquarters in Crimea, which later adopted Islam as a religion, and ruled over modern-day southern and central Russia for more than three centuries. After the collapse of Mongol dominions, the first Romanian states (principalities) emerged in the 14th century: Moldavia and Walachia . Previously, these territories were under the successive control of Pechenegs and Cumans. From

16124-501: The strong influence of the United States on the global oil market. In 1959, companies lowered the price of oil due to a surplus in the market. This reduction dealt a significant blow to the finances of producers. Saudi oil minister Abdullah Tariki and Venezuela’s Juan Perez Alfonso entered into a secret agreement (the Mahdi Pact), promising that if the price of oil was lowered a second time, they would take collective action against

16263-407: The waterways connecting the Black Sea to the Mediterranean Sea . Islands are generally grouped with the nearest continental landmass, hence Iceland is considered to be part of Europe, while the nearby island of Greenland is usually assigned to North America , although politically belonging to Denmark. Nevertheless, there are some exceptions based on sociopolitical and cultural differences. Cyprus

16402-562: The west and the north, transmitting newly acquired skills in producing copper artifacts. In Western Europe the Neolithic period was characterised not by large agricultural settlements but by field monuments, such as causewayed enclosures , burial mounds and megalithic tombs . The Corded Ware cultural horizon flourished at the transition from the Neolithic to the Chalcolithic . During this period giant megalithic monuments, such as

16541-535: The west continued to decline, Roman traditions and the Roman state remained strong in the predominantly Greek-speaking Eastern Roman Empire , also known as the Byzantine Empire . During most of its existence, the Byzantine Empire was the most powerful economic, cultural, and military force in Europe. Emperor Justinian I presided over Constantinople's first golden age: he established a legal code that forms

16680-518: The western shore of the Aegean Sea . As a name for a part of the known world, it is first used in the 6th century BCE by Anaximander and Hecataeus . Anaximander placed the boundary between Asia and Europe along the Phasis River (the modern Rioni River on the territory of Georgia ) in the Caucasus, a convention still followed by Herodotus in the 5th century BCE. Herodotus mentioned that

16819-739: The widespread use of pottery—began around 7000 BCE in Greece and the Balkans , probably influenced by earlier farming practices in Anatolia and the Near East . It spread from the Balkans along the valleys of the Danube and the Rhine ( Linear Pottery culture ), and along the Mediterranean coast ( Cardial culture ). Between 4500 and 3000 BCE, these central European neolithic cultures developed further to

16958-406: The world and distributes its products in approximately 170 countries through approximately 11,500 full line dealers and distributors. Milestones include: Fiat Industrial S.p.A. was an Italian company into which Fiat S.p.A. (parent company of Fiat Group) demerged most of its activities not directly related to automobiles at the start of 2011. Fiat Industrial served as a holding company for

17097-627: The world had been divided by unknown persons into three parts—Europe, Asia, and Libya (Africa)—with the Nile and the Phasis forming their boundaries—though he also states that some considered the River Don , rather than the Phasis, as the boundary between Europe and Asia. Europe's eastern frontier was defined in the 1st century by geographer Strabo at the River Don. The Book of Jubilees described

17236-496: The world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902) was one of the few businessmen in the era who became Prime Minister (of South Africa 1890–1896). His mining enterprises included the British South Africa Company and De Beers . The latter company practically controlled the global diamond market from its base in southern Africa. In 1945, the United States

17375-573: The world without a concentration in one area have been called stateless or "transnational" (although "transnational corporation" is also used synonymously with "multinational corporation" ), but as of 1992, a corporation must be legally domiciled in a particular country and engage in other countries through foreign direct investment and the creation of foreign subsidiaries. Geographic diversification can be measured across various domains, including ownership and control, workforce, sales, and regulation and taxation. Multinational corporations may be subject to

17514-410: The world. The place name Evros was first used by the ancient Greeks to refer to their northernmost province, which bears the same name today. The principal river there – Evros (today's Maritsa ) – flows through the fertile valleys of Thrace , which itself was also called Europe, before the term meant the continent. In classical Greek mythology , Europa ( Ancient Greek : Εὐρώπη , Eurṓpē )

17653-700: The world. Between the 16th and 20th centuries, European powers colonised at various times the Americas , almost all of Africa and Oceania , and the majority of Asia. The Age of Enlightenment , the French Revolution , and the Napoleonic Wars shaped the continent culturally, politically, and economically from the end of the 17th century until the first half of the 19th century. The Industrial Revolution , which began in Great Britain at

17792-503: The worldwide revenue of a foreign subsidiary, and taxation is complicated by transfer pricing arrangements with parent corporations. For small corporations, registering a foreign subsidiary can be expensive and complex, involving fees, signatures, and forms; a professional employer organization (PEO) is sometimes advertised as a cheaper and simpler alternative, but not all jurisdictions have laws accepting these types of arrangements. Disputes between corporations in different nations

17931-422: Was legalised by Constantine I in 313 CE after three centuries of imperial persecution . Constantine also permanently moved the capital of the empire from Rome to the city of Byzantium (modern-day Istanbul ) which was renamed Constantinople in his honour in 330 CE. Christianity became the sole official religion of the empire in 380 CE, and in 391–392 CE the emperor Theodosius outlawed pagan religions. This

18070-461: Was a Phoenician princess. One view is that her name derives from the Ancient Greek elements εὐρύς ( eurús ) 'wide, broad', and ὤψ ( ōps , gen. ὠπός , ōpós ) 'eye, face, countenance', hence their composite Eurṓpē would mean 'wide-gazing' or 'broad of aspect'. Broad has been an epithet of Earth herself in the reconstructed Proto-Indo-European religion and

18209-421: Was converted into one Fiat share and one Fiat Industrial share. This resulted in Exor (the holding company controlled by the Agnelli family), the largest shareholder of Fiat with a stake of around 30%, holding an equivalent stake in Fiat Industrial. Exor has however raised the possibility of the future sale of some of its stake. In September 2011, the company entered the DJSI World and Europe indexes as leader in

18348-438: Was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for the seven multinational companies that dominated the global petroleum industry from the mid-1940s to the mid-1970s. The nationalization of the Iranian oil industry in 1951 by Iranian Prime Minister Mohammad Mosaddegh and the subsequent boycott of Iranian oil by all companies had dramatic consequences for Iran and

18487-428: Was eventually absorbed into Russia several centuries later. The period between the year 1000 and 1250 is known as the High Middle Ages , followed by the Late Middle Ages until c. 1500. During the High Middle Ages the population of Europe experienced significant growth, culminating in the Renaissance of the 12th century . Economic growth, together with the lack of safety on the mainland trading routes, made possible

18626-448: Was fully aware that the means to overcoming cultural resistance depended on an "understanding" of the countries in which a corporation operated. He observed that companies with "foresight to capitalize on international opportunities" must recognize that " cultural anthropology will be an important tool for competitive marketing". However, the projected outcome of this was not the assimilation of international firms into national cultures, but

18765-546: Was labeled as "the largest nonviolent transfer of wealth in human history." The OPEC sought immediate discussions regarding participation in national oil industries. Companies were not inclined to object as the price hike benefited both them and OPEC members. In 1980, the Seven Sisters were entirely displaced and replaced by national oil companies (NOCs). The rise in oil prices burdened developing countries with balance of payments deficits, leading to an energy crisis. OPEC members had to abandon their plan of redistributing wealth from

18904-554: Was subsequently listed on both the NYSE and the Milan stock exchange (Mercato Telematico Azionario. For additional information, see CNH Industrial N.V. Multinational corporation Most of the current largest and most influential companies are publicly traded multinational corporations, including Forbes Global 2000 companies. The history of multinational corporations began with the history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were

19043-495: Was the first crisis that would strike Europe in the late Middle Ages. The period between 1348 and 1420 witnessed the heaviest loss. The population of France was reduced by half. Medieval Britain was afflicted by 95 famines, and France suffered the effects of 75 or more in the same period. Europe was devastated in the mid-14th century by the Black Death , one of the most deadly pandemics in human history which killed an estimated 25 million people in Europe alone—a third of

19182-632: Was the holding company for the multinational manufacturer of agricultural and construction equipment established on 12 November 1999, through the merger of Case and New Holland . Effective 29 September 2013, CNH Global N.V. and Fiat Industrial S.p.A. were merged into CNH Industrial N.V. CNH's scope included integrated engineering, manufacturing, marketing and distribution of equipment on five continents. CNH's operations were organized into three business segments: agricultural equipment, construction equipment and financial services. As of 31 December 2012, CNH manufactured its products in 37 facilities throughout

19321-401: Was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore, the United States turned to foreign oil sources, which had a significant impact on the recovery of the West after World War II. Most of the world's oil was found in Latin America and the Middle East, particularly in the Arab states of the Persian Gulf. This increase in non-American production

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