Colonialism is the establishment, maintenance, acquisition and expansion of colonies in one territory by people from another territory. It is a process whereby the metropole claims sovereignty over the colony, and the social structure, government, and economics of the colony are changed by colonizers from the metropole. Colonialism is a set of unequal relationships between the metropole and the colony and between the colonists and the indigenous population.

The colonial period was the era from the 1550s to, arguably, the 1990s when several European powers (Spain, Portugal, Britain, and France especially) established colonies in Asia, Africa, and the Americas. At first the countries followed mercantilist policies designed to strengthen the home economy at the expense of rivals, so the colonies were usually allowed to trade only with the mother country. By the mid-19th century, however, the powerful British Empire gave up mercantilism and trade restrictions and introduced the principle of free trade, with few restrictions or tariffs.

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist, statistician, and author who taught at the University of Chicago for more than three decades. He was a recipient of the Nobel Memorial Prize in Economic Sciences, and is known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy. As a leader of the Chicago school of economics, he influenced the research agenda of the economics profession. A survey of economists ranked Friedman as the second most popular economist of the twentieth century behind John Maynard Keynes, and The Economist described him as "the most influential economist of the second half of the 20th century…possibly of all of it."

Friedman's challenges to what he later called "naive Keynesian" (as opposed to New Keynesian) theory began with his 1950s reinterpretation of the consumption function, and he became the main advocate opposing activist Keynesian government policies. In the late 1960s he described his own approach (along with all of mainstream economics) as using "Keynesian language and apparatus" yet rejecting its "initial" conclusions. During the 1960s he promoted an alternative macroeconomic policy known as "monetarism". He theorized there existed a "natural" rate of unemployment, and argued that governments could increase employment above this rate (e.g., by increasing aggregate demand) only at the risk of causing inflation to accelerate. He argued that the Phillips curve was not stable and predicted what would come to be known as stagflation. Friedman argued that, given the existence of the Federal Reserve, a constant small expansion of the money supply was the only wise policy.

Ermias Asghedom, better known by his stage name Nipsey Hussle, is a West Coast rapper from Los Angeles, California.

Nipsey's first recorded mixtape, was Slauson Boy Volume 1, and soon became the name of his own record label. In 2008 Nipsey released two mixtapes, Bullets Ain't Got No Name, Vol. 1 and Vol. 2, before signing with Epic Records. In 2009, his debut single, "Hussle In The House", was released.

In 2009 he released a third mixtape, Bullets Ain't Got No Name, Vol. 3. He appeared with Drake on the song "Killer" and on the song "Upside Down" on Snoop Dogg's album Malice n Wonderland. A first studio album, South Central State of Mind, was expected in the summer of 2009 but was never released; it has been postponed indefinitely. The Marathon was released instead on December 21, 2010.^{[citation needed]}

In 2010 he appeared on the song "We Are the World 25 for Haiti". He was chosen as one of XXL Magazine's "Annual Freshman Top Ten", a selection of ten up-and-coming artists as "Most Determined" And continues to have success with the release of his new single "Feelin Myself" featuring Lloyd. The first single off The Marathon mixtape is "Keys to the City" (Produced By E.N.G. & Djay Cas). He made a guest appearance on fellow rapper YG's 2012 single "Bitches Ain't", also featuring Young Money member Tyga. It debuted on the Hot 100 at #100 and on the Heatseekers Songs chart at #11.