A bubble is a situation in which there is a rapid escalation of <span>asset prices which is later followed by a contraction of the same. When there is a surge in asset prices which is unwarranted by the fundamentals of the assets that are in question and an exuberant market behavior supports it, a bubble is created. When nobody buys anymore and starts selling everything off then the bubble is deflated.
In that period, many people started buying homes with mortgages with adjustable rates. When the stocks started rising so did the prices of mortgage interest rates and people started realizing they couldn't pay back their loans and started losing homes. When the homes were taken away, there was a realization that the houses were not worth at all the price that was owed and that banks would suffer severe losses because of the bad mortgages that they gave. This led to the 2008 recession.</span>
Answer:
yes, for example fast fashion. Most People rather more cheap fashionable clothes than expensive sustainable clothes.
Answer:
Some of the reasons why efficient transportation increases liveability include:
<em>1. The citizens would be able to reduce the time spent between going to work and returning from work as a result of the efficient transportation.</em>
<em>2. There would be great connectivity between states. For example, someone can be living in one city and be going to work in another city as obtainable in Japan.</em>
<em>3. The ability to move agricultural produce from the rural areas to the urban areas thereby maintaining food price stability and availability.</em>
<em>Explanation:</em>
It changed what they thought about who should govern them and it changed what they thought about the purpose of government. Before the Enlightenment, essentially everyone agreed that countries should be governed by monarchs. They believed that God had appointed certain people to rule over others
<span>by realizing the importance of wild life in our nation and creating national parks to reserve the land and protect its beauty. He ended up saving millions of wild life acres.</span>
