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Financial institutions can be divided into two main groups: depository institutions and nondepository institutions. Depository institutions include commercial banks, thrift institutions, and credit unions. Nondepository institutions include insurance companies, pension funds, brokerage firms, and finance companies
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In 1609, two years after English settlers established the colony of Jamestown in Virginia, the Dutch East India Company hired English sailor Henry Hudson to find a northeast passage to India. After unsuccessfully searching for a route above Norway, Hudson turned his ship west and sailed across the Atlantic. Hudson hoped to discover a "northwest passage," that would allow a ship to cross the entirety of the North American continent and gain access to the Pacific Ocean, and from there, India. After arriving off the coast of Cape Cod, Hudson eventually sailed into the mouth of a large river, today called the Hudson River. Making his way as far as present-day Albany before the river became too shallow for his ship to continue north, Hudson returned to Europe and claimed the entire Hudson River Valley for his Dutch employers.
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The Crusades were initiated by the Catholic Church in order to gain control of Jerusalem again, as it has fallen into the hands of the Muslims. While the Catholic Church had its goals in conquering Jerusalem, including wealth and power, it didn't foresee that the organizing of the Crusades it's going to actually backfire on it and make the biggest blow to it.
The Crusades themselves had mixed outcomes, sometimes winning, sometimes losing. What had a much greater effect was that the Crusaders managed to bring in Europe a lot of things from Asia which turned out to change the course of history.
Because the Crusaders were in constant contact with the Muslims, they brought in numerous technological advancements in Europe. Also, through them, some of the ancient literature from Greece and Rome came back to Europe.
This prompted a huge interest among the people, especially the ones higher in the hierarchy, as they saw the potential of the new technology, but also the potential for the future based on the ancient literature. The end result was a technological boom in Europe, a loss of power by the Catholic Church, the Age of Discoveries, or all put in one, the Renaissance.
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