The bank wants to give you an incentive to pay back the loan. If they did not hold your assets as collateral, you could simply fail to pay back the loan and really not lose anything other than your credit score. Many borrowers already have tarnished credit scores, so that is rarely enough incentive to base a loan on.
I would put this into your own words considering I copied and pasted it. Other than that I hope this helps!
It is diverse with a lot of different ethnic back grounds and has al ot more than one race and traditions anyway there are a lot of different races and cultures
Answer:
Explanation:
California's Mines After the Gold Rush As gold became more and more difficult to reach, the growing industrialization of mining drove more and more miners from independence into wage labor. The new technique of hydraulic mining, developed in 1853, brought enormous profits but destroyed much of the region's landscape.
Christopher Columbus was instructed by the King, and Queen of Spain to travel to the new world in search of valuable natural resources. Columbus had his own inclinations to travel being that the idea that the world was spherical had not yet been a well accepted fact.
