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The development of the Harlem renaissance led to the recognition of the significant influence of Black culture on American culture. For the first time, America saw not the humiliating stereotype of a black man, planted for decades in American culture, but the so-called “new black man” - an educated, highly cultured member of a truly decent society, and the Harlem renaissance was the first step to such recognition. The Harlem renaissance also set the stage for the further struggle of the African American population for their rights.
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In economics, economic equilibrium is a situation in which economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change. For example, in the standard text perfect competition, equilibrium occurs at the point at which quantity demanded and quantity supplied are equal.[1] Market equilibrium in this case is a condition where a market price is established through competition such that the amount of goods or services sought by buyers is equal to the amount of goods or services produced by sellers. This price is often called the competitive price or market clearing price and will tend not to change unless demand or supply changes, and quantity is called the "competitive quantity" or market clearing quantity. But the concept of equilibrium in economics also applies to imperfectly competitive markets, where it takes the form of a Nash equilibrium.
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In 1510, seeking a way to help the troubled young monk overcome his demons, Brother Martin's superiors at the monastery sent him on a pilgrimage. He walked 700 miles through a harsh winter, over the Alps and down the spine of Italy on a pilgrim's trail just like this.
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