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Christopher Columbus opened routes to the Americas, so Europeans could colonize the region. Columbus also discovered gold in the Caribbean, and he claimed new land in the name of the Spanish Empire. Columbus believed that reaching India and China would be more attainable if he found a way to get around the Muslim-dominated trade routes of the Middle E
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During the summer of 1998, the Russian economy was primed for the onset of a currency crisis.In an attempt to avert the crisis, the CBR intervenedby decreasing the growth of the money supply andtwice increasing the lending rate to banks, raisingit from 30 to 150 percent. Both rate hikes occurredin May 1998, the same month in which the Russianstock market lost 39 percent of its value.
Great Britain was the most powerful of the North American colonizers. Their grasp over the Hudson Bay was very profitable.
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his is a selection of key events in the history of democracy. It highlights moments where there was a significant evolution of democratic principles. The extension of democracy includes:
Weakening power of absolute rulers / absolute monarchs.
Extending the decision-making process to a wider section of society.
Giving every member of society a say in the decision-making process.
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