<span>Most people at that time thought the world was flat. When you
sailed out to sea and they could no longer see your ship they assumed
you fell off the edge of the world. Columbus figured out (not by
himself, other educated people also knew this) that the world was round.
He figured it was a lot smaller though. He thought he could sail out
into the ocean and come out in India, there by taking a short cut and
putting one over on Spain. What Columbus didn't realize was the world
was alot bigger than he thought and there was a whole Continent out
there nobody knew about. Sooooo when he landed in S. America he thought
he was in India.</span>
Answer:
Since the debt crisis, the idea that public credit is the first step aimed at the loss of national sovereignty through an economic intervention has expanded. China Qing and the Ottoman Empire were caught in the vicious circle of debt
It is a very similar story that two of the most powerful empires of the pre-modern era became states that depend on international credit in the industrial age. Qing China and the Ottoman Empire suffered a long period of decline that ended their imperial status by 1840.
Explanation:
The two countries suffered some kind of crisis towards the second half of the century that pushed them towards indebtedness abroad, which would lead to the contracting of debt in international markets in order to cope with their long decline, and with the hope of modernize their industry. Following that debt would lead them to accept, foreign intervention.
During the war, the Turks, without an army with the power to confront the Egyptians, had to request the help of their former enemies, forcing the intervention of Britain and Russia. International aid was not free, and its price was through the Balta Treaty, where Turkey agrees to adopt a free market system, withholding taxes on imports.
The case of the Qing dynasty in China was very similar. By 1820, the empire showed symptoms of clear economic damage. Stuck in an extremely restrictive trading system, through which all international trade demanded through the Cohong guild, China collided with Western interests during the First Opium War. The defeat marked the beginning of a long process of decline.
It was a magazine released to the media that spoke volumes about the Feminist movement that attracted the attention of individuals. The magazine brought attention to the movement and persuaded others which inspired the woman's revolution to be accepted and inspire change.
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