Credit is essentialy a loan given that is paid back with interest. Arguably, credit caused the Great Depression. Many Americans invested in the stock market with credit when they did not have the money, so when a recession in the stock market occurred, many stockholders were in huge debt. Banks that lended money were out of money, and depositors lost money. This caused homes to foreclose, and because of the decrease in consumer purchasing power (people were in debt), companies laid off workers and unemployment rose.
Answer:
The definition of that same query given has been summarized elsewhere here.
Explanation:
The ONE big contrast between some of the historical perceptions of Wood's as well as Bailyn about why the American revolution led a rebellion against both the British seems to be:
- However as per Wood, on the reasonable definition, the native Americans rebelled as well as revolted.
- They would have the mentality that they would be "established heirs to liberty" and also that certain everyday routine is democracy.
Answer:
If you Had faith in the Lord You will rest with Him Until his return.
If you Were rude , nasty and a really bad person who never repented you will end up in hell forever :(
Explanation:
