During the period of the Renaissance, Italy was divided into numerous small city-states controlled by local wealthy people. There were large differences though from one city-state to another, and while the northern ones were very wealthy and had things going very smoothly, the southern ones were much less successful.
The reason why the northern Italian city-states were so wealthy was mostly the trade. These city-states had excellent large ports. They were producing multiple things that were in high demand and also very well paid for for export, and were getting lot of things they needed and desired from the other parts of the world.
These states had very well developed fleets, and they were trading with multiple Asian regions, Europe, as well as parts of Africa. They were exporting their high quality products. Very often they were buying certain things from one place, then re-sell it in other place buy much higher prices, thus getting more and more wealth over time. That wealth enabled them to get all they needed without any problem, thus making them very stable and strong small states.
The main cause of shays rebellion where the large amount of debt the farmers where experiencing in the 1780s. another cause is the lack of economic crisis laws in massachusetts. Some other causes where because of bad harvests economic depression and high taxes threating farmers with the loss of their farms.
B) Many Italian city-states of the Renaissance were republics.
Explanation:
Italy was a group or the number of city-states, each of which has its own rule such as the Pope ruling in Rome, the Medici family that is ruling in Florence, the Doge basically ruling in Venice, the Sforza family served for ruling in Milan, the Este family which was ruling in the Ferrara and there is a long list that is consist of all the states of the cities and the ruling families of the ruling people.
Answer:
1. imbalance of risk versus return
2. failure to diversify
3. poor management of risks
4. the bank's assets falls to below the market value of the bank's liabilities
5. funding issues
Explanation:
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Authority justifies a state's use of power over its citizens.
