During the period of the Renaissance, Italy was divided into numerous small city-states controlled by local wealthy people. There were large differences though from one city-state to another, and while the northern ones were very wealthy and had things going very smoothly, the southern ones were much less successful.
The reason why the northern Italian city-states were so wealthy was mostly the trade. These city-states had excellent large ports. They were producing multiple things that were in high demand and also very well paid for for export, and were getting lot of things they needed and desired from the other parts of the world.
These states had very well developed fleets, and they were trading with multiple Asian regions, Europe, as well as parts of Africa. They were exporting their high quality products. Very often they were buying certain things from one place, then re-sell it in other place buy much higher prices, thus getting more and more wealth over time. That wealth enabled them to get all they needed without any problem, thus making them very stable and strong small states.
Answer:
The Emancipation Proclamation led the way to total abolition of slavery in the United States. With the Emancipation Proclamation, the aim of the war changed to include the freeing of slaves in addition to preserving the Union.
Explanation:
To adopt governments & align with the west
Which statement best explains financial crises in the global economy?
"A financial crisis in one country can quickly spread to other countries."
A financial crisis in the global economy refers to breaking trust between banks and deep stress in global financial markets. For example, a downturn that starts in the United States will soon spread to the rest of the world, through linkages in the global
financial system. So many banks around the world will have significant losses and will depend on their government that supports them to avoid bankruptcy.
