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The political development of nationalism and the push for popular sovereignty culminated with the ethnic/national revolutions of Europe. During the 19th century nationalism became one of the most significant political and social forces in history; it is typically listed among the top causes of World War I.
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D. Rapid modernization and the formation of a strong military made Japan very powerful
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The Meiji restoration was crucial for Japan and its development. Instead of being colonized like most of the Asian countries, Japan became the invader. The Meiji restoration brought in big changes in Japan, quickly industrializing the nation, making it economically strong, and creating a modern and very powerful army. All this made the colonial powers think twice before they try anything with Japan, so they tried to avoid any conflict with it. In fact, Japan became so strong, that in the years to come it managed to defeat Russia and China on its own, and started to colonize parts of Asia afterwards.
The correct statement is," Bonds benefited the citizens who purchased them in a way that the government repaid the bond purchasers with interest." The correct option is D.
Bonds are such securities issued by the government or any other body to procure or raise funds, and interest is payable on them at a predetermined fixed interest rate.
<h3>Bond instruments </h3>
- Bonds are an instrument issued by a borrower to the public who subscribe to them as a token of proof that the borrower has raised such amount from the investor, payable at a fixed time period.
- Bonds generally are beneficial as they are comparatively secured investments than the equities and debts and give more interest than any bank deposits or saving accounts.
- Bonds may be issued by a Government or any other corporate body to raise funds for a specific purpose, which is payable at a fixed rate of interest predetermined at the time of issue of such securities.
Hence, the correct option is D that the government benefits the purchaser of bonds in the way of repaying such bonds with interests to its subscribers.
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The Columbian Exchange: goods introduced by Europe, produced in New World. As Europeans traversed the Atlantic, they brought with them plants, animals, and diseases that changed lives and landscapes on both sides of the ocean. These two-way exchanges between the Americas and Europe/Africa are known collectively as the Columbian Exchange.
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