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!
<span>Walking Purchase was a 1737 agreement between the Penn family, the proprietors of Pennsylvania, and the Lenape.</span>
In the 15th century, Europe sought to expand trade routes to find new sources of wealth and bring Christianity to the East and any newly found lands. This European Age of Discovery saw the rise of colonial empires on a global scale, building a commercial network that connected Europe, Asia, Africa, and the New World.
The families during the 17th century New England contribute to social order by preserving religion, morals, and the local English customs. They also decreased the shock of adapting to a strange environment.
Women during this time handled most of the household chores like cooking, gardening, washing and making the clothes. They were also able to raised poultry products and sold it.
