Answer:
A particularly severe panic in 1907 resulted in bank runs that wreaked havoc on the fragile banking system.
<u>This portion of the text shows Hobbes supported an absolute ruler:</u>
- <em>Men are continually in competition for honour and dignity . . . and consequently amongst men there ariseth on that ground, envy, and hatred, and finally war. ... No wonder if there be somewhat else required, besides [contract], to make their agreement constant and lasting; which is a common power to keep them in awe and to direct their actions to the common benefit.
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The only way to erect such a common power, as may be able to defend them from the invasion of foreigners, and the injuries of one another . . . is to confer all their power and strength upon one man, or upon one assembly of men, that may reduce all their wills, by plurality of voices, unto one will.</em>
Further detail:
Thomas Hobbes published a famous work called Leviathan in 1651. The title "Leviathan" comes from a biblical word for a great and mighty beast. Hobbes believed government is formed by people for the sake of their personal security and stability in society. In Hobbes' view, once the people put a king (or other leader in power), then that leader needs to have supreme power (like a great and mighty beast). Hobbes' view of the natural state of human beings without a government held that people are too divided and too volatile as individuals -- everyone looking out for his own interests. So for security and stability, authority and the power of the law needs to be in the hands of a powerful ruler like a king or queen. And so people willingly enter a "social contract" in which they live under a government that provides stability and security for society.
<span>They were in response to the tea dumped into Boston Harbor (aka the Boston Tea Party.)</span>
Answer:
Increased trade and use of money, which undermined serfdom and led to prosperity of northern Italian cities.
Explanation:
