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Katarina [22]
3 years ago
15

Talk about the history of banking and how has it changed over time

History
1 answer:
Sloan [31]3 years ago
3 0

Banking establishments had been created out of a need to satisfy the marketplace to offer loans to most people. As economies grew banks allowed most of the people to increase their credit and make huge purchases.

traditionally temples have been considered the earliest varieties of banks as they have been occupied through monks and feature come to be a haven for the rich.

The earliest Roman legal guidelines allowed for taking up land in lieu of mortgage payments which have been owed among debtors and lenders.

A well-known economist, Adam Smith all through the 18th century theorized that a self-regulated economic device might allow for markets to reach balance

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Whose 2nd century book Geography greatly influenced 15th century cartographers? A. Ptolemy B. Caesar Augustus C. Gerardus Mercat
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I think it’s A Ptolemy was a cartographer in the year 100.
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Why was Andrew Jackson's action considered by some too be unlawful?
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How could a nation have solved its need for material resources and new markets without using imperialism to capture foreign land
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Trade, partition

divid a region into separate political units

- tribal regions w/ fluid boundaries into states w/ fixed borders, European names

what were the 2 main functions of the outposts that Europeans established along the African coast

1. to provide links within the interior for trading in slaves and gold

2. a stopover point for ships sailing to Asia

who established a true colony on the southern tip of Africa

Dutch

on Cape of Good Hope

called: Cape Colony

who eventually took over Cape Colony in 1814

British

what were the early settlers known as in Cape Colony and who did they fight with

Boers or Afrikaners

- inconstant conflict with indigenous African people

-clashed with British overlords who tried to restrain their expansion

when the Boers left in 1835-1837 b/c British abolished slavery, what was it called

Great Trek

what were the three new republics that the Boers established

Natal, Transvaal and the Orange Free State

true or false: South Africa had enormous mineral wealth

true

1. Diamonds- led to railway construction, trade and employment boomed

2. Gold- industrial explosion and South Africa's economy surged

what is the name of the French colony in north Africa (many of the natives resisted french expansion)

Algeria

scramble for Africa

next 30 years after 1880, other countries saw prosperity in colonizing in Africa and wanted to do the same

what was a major contributor to the scramble for Africa?

instability in Egypt  

fell into debt in 1870s after expense of building the Suez canal

france and Britain worked to keep Egypt stable b/c both invested a lot of money into it

1880, taken financial control of Egypt

what is the Suez Canal

linked the Mediterranean and Red seas brought India- (Britain's most valuable colony) much closer

what part of Africa did Belgium claim?

Congo Basin (where some of the worst treatment to the natives occurred)

Berlin West Africa Conference of 1884-1885

mtg to try to solve problems

goal; open the interior of Africa to free trade and bring civilization to the native peoples

written agreement- sounded better written than it actually turned out

underlying tone of cultural superiority

later diplomats signed treaties and had maps of Africa drawn to show who owned which part of Africa

why was resistance to imperialism largely unsuccessful?

because the natives were not equipped with modern weapons like the Europeans

what was one major African resistance campaign that was successful

in Ethiopia against Italy

Menelik (Ethiopian emperor) modernized country with modern weapons for his large military

Battle of Adowa won and made Ethiopia a sovereign and independent nation

what is imperialism?

a policy in which a state takes political and economic control of areas beyond its borders

why is this era considered new imperialism

because it was different from the old style in the 1500s- moving inland not just outposts on the coast, no longer just a trade relationship, more of a global world economy, now there are suppliers and consumers, looking for raw materials AND new markets

what led to the rise of this new form of imperialism

INDUSTRIALIZATION: need the raw materials and land to sustain the new industrialization and new markets

POLITICAL CAUSES: trying to increase their prestige and power

SOCIO-ECONOMIC ISSUES:poverty and labor strikes from industrialization at home, conquering other lands creates NATIONALISM (a unifying factor)

SOCIAL DARWINISM: survival of the fittest- the best culture/ society will last, Europeans felt that they were the better culture--- WHITE MAN'S BURDEN- felt it was their duty to turn heathens into themselves, cultural superiority  

some used white man's burden as an excuse to go in and take over other lands, others genuinely wanted to help the less fortunate people

sphere of influence

an area w/ in which the political and economic interests of one nation are favored over other nations

who controlled India before British government had direct control of it

British East India company

what was the short term cause of the Great Rebellion aka Indian Mutiny

British distribution of cartridges greased w animal fat- indian soldiers had to bite off the end of it- extremely offensive to muslim and hindu religions b/c they forbade oral contact w cow and pig

what was the long term cause of Great Rebellion

the accumulation of hostility towards british bc they didnt respect their religious beliefs and dominated their political and economic lives

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