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In 1980, the price of oil all around the world was at its peak at the price of $35 US dollars per barrel which is around $109 US dollars per barrel in 2019 (once adjusted for inflation). The price then fell in 1986 from $27 US dollars to $10 US dollars ( $63 US dollars to $23 US dollars in 2019 dollars). The Glut had begun in the early 1980’s as a consequence of slowed economic activity within Industrial countries due to the 1970s crisis. I hope this helps you :)
Russian Kiev was heavily influenced by the Byzantine Empire. This influence began when Prince Vladimir I decided to abandon the old Slavic gods. He sent emissaries to both Rome and Constantinople. Hope this helps you!
The businessmen contributed to the rise of capitalism by purchasing land and creating frontier communities, as during the 17th and 18th centuries land was America's main productive means.
<h3 /><h3>Rise of Capitalism in the US</h3>
Historically, the beginning of capitalism in America can be considered from colonialism, whose English explorers used the colonies to produce agricultural resources through slave labor.
During this period there are several conflicts between explorers and native indigenous peoples, who lost their lands and had their communities destroyed by the colonizers.
Therefore, American businessmen became rich by buying land and creating frontier communities, which later served for the industrialization that took place in the country.
The correct answer is:
- They grew wealthy by buying land and creating frontier communities.
Find out more information about capitalism here:
brainly.com/question/4834735
