The 2008 recession was one of the major financial crises that happened during President Barrack Obama's administration. The president stated that one of the primary reasons of the mayhem was the shortage of liquidities in banks. Due to these, the rate of banks in limiting loans increased dramatically
It established the principle that everyone is subject to the law. Even the king. It also guaranteed the rights of individuals, and the right to a fair trial.
It kept people moving, enabling them to share their personal belief systems.
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Rice cultivation is introduced into Carolina. Slave importation increases dramatically. The Royal African Trade Company loses its monopoly and New England colonists enter the slave trade.