To being canceled because of a quarrel of words between Virginia Delegation and few of the smaller states
Answer:
This borrowing may have a negative impact by crowding out private investment.
Explanation:
When the government goest into deficit spending to stimulate the economy in times when the economy is slowing down, what happens is that the government now demands more loanable funds: it demands a higher proportion of the savings in the economy in the form of government bonds.
This higher government demand for loanable funds crowds out private investment for two reasons:
- It raises the interest rate, making private investment more expensive.
- It reduces the amount of loanable funds available for the private sector (because it takes over a larger share of them).
The Ottoman wars in Europe were a series of military conflicts between the Ottoman Empire and various European states dating from the Late Middle Ages up through the early 20th century.
But I would tell about the main one which change the face of Europe.
1453 — fall of Constantinople that was a great start to conquer Europe.
The attackers were commanded by the Sultan Mehmed II, who defeated an army commanded by Emperor Constantine XI Palaiologos and took control of the imperial capital, ending a 53-day siege that began on 6 April 1453.
If you are asking about the first president of the United States, the answer is George Washington.
