Most of the signs of prosperity that were misleading involved credit. There were so many consumer goods that had never been around before, and people bought a lot of them with credit, meaning they did not actually have the money. "Buying on the Margin" was the main cause of all this and led to the Great Depression. Before the stock market crash in 1929, around 90% of stocks people owned were bought with borrowed money. In short, people used way too much credit, meaning they had a lot of items signifying wealth, but they did not have the money to pay back banks, stock brokers, etc... much like modern day credit cards.
The poverty of East Asia makes the region more susceptible to natural hazards.
East Asia Pacific is the most disaster-stricken region in the world. Cities are highly populated, with slums growing fast in high risk areas. This population ignore the risks from natural disasters, climate change and precautions for all this. When disaster strikes, the vulnerable, are hit the hardest. It causes a large loss of life since the population amount is high and does not have the adequate precautions and disaster education.
Guilds:<span>Professional organizations of merchants or artisans
</span>
Curtsey :an act of respect in which women slightly bow down
<span>Dowry: money, goods, and property that a woman brings to her husband in marriage
</span><span>. mercantile: a word relating to trade, merchants, and their characteristics</span>
The eastern Mediterranean was once known as the eastern Roman empire before the actual fall of Rome in the 5th century, but it was later known as the Byzantine empire throughout the rest of the middle ages. It was known as the actual successor the the Roman Empire as oppose to the growing Holy Roman Empire in the German lands. The main changes were 1st its name, it renamed itself as the Byzantine empire. 2nd, was the revision of the Roman laws into the so-called Justinian code. 3rd is the rise of the new type of architecture that differ much from the old Roman, it blended the eastern arab and roman architecture, the best example is the Hagia Sophia. Their Capital Constantinople as opposed to Rome was founded in Christian origin rather than the polytheistic Greco-Roman religion. Their problems were also different in a way that Rome was located in the sea so basically it lacks the problem of naval warfare compared to Constantinople which is always under threat of the growing Islamic sphere. The continuity was found in the field of politics, economy, military and culture, much of the Roman influences are still found in this new empire. The writings of the classics like Plato's and other greek philosophers were developed and maintained unlike in the west where much of it was forgotten. Sciences were preserved and cultivated.
Marguerite de Navarre’s tale of
the Spanish widow is typical of a northern tale because it lays emphasis on Pessimism
and Doubt about religious institution like churches. The significance of
religious institution is far more widely held in southern states, whereas the northerners
are far more predisposed to the teaching from the enlightenment period. From
this, we can safely conclude that the tale has northern characteristics.
