They followed the lines of ancient glaciers. They were defined by large farms and grasslands. They followed the system of rivers, canals, and dams. They were naturally defined by deserts, mountains, and seas.
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On May 14, 1948, David Ben-Gurion, the head of the Jewish Agency, proclaimed the establishment of the State of Israel. U.S. President Harry S. Truman recognized the new nation on the same day.
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Answer:
Greek city-states likely developed because of the physical geography of the Mediterranean region.
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A stock exchange occurs in a centralized location, think Wall Street and the Stock Market. An over-the-counter market does not. Over-the-counter markets are considered less formal compared to exchanges. OTCs are less transparent and operate on fewer rules than exchanges. This can be both good and bad for those involved.