A person who owns or rents land given by the landlord
Which statement best explains financial crises in the global economy?
"A financial crisis in one country can quickly spread to other countries."
A financial crisis in the global economy refers to breaking trust between banks and deep stress in global financial markets. For example, a downturn that starts in the United States will soon spread to the rest of the world, through linkages in the global
financial system. So many banks around the world will have significant losses and will depend on their government that supports them to avoid bankruptcy.
One of the most determining factor is demand for foreign luxury goods increased in Afro-Eurasia. Due to this demand, many of the nobilities started to collected goods from Asia because it seem exotic for the collection. Their textile also require silk which could be easily found in chinese, persia, and indian regions which contributed to an increase in demand for textiles.
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A Patriot
Patriots were those colonists of the Thirteen Colonies who rejected British rule during the American Revolution and declared the United States of America as an independent nation in July 1776.