Explanation:
Bridewealth is a custom in many societies around the world where the groom pays gifts and good to the family members of the bride. Thus men who have more wealth have the advantage of marrying more wives or younger wives.
Bridewealth is also practiced in the Kipsigis society. Some of the desirable traits that would increase the bridewealth's value for the prospective Kipsigis wives are --
- when brides are younger, their bridewealth is more than the brides who are older in age because younger wives can have more children.
- brides with higher education have more bridewealth than others
- when brides are healthy and plump, they can ask for more bridewealth.
Answer:
What made the Great Depression "Great" was the government response. Constant changes the regulatory environment, tax increases, massive deficits, and failure to let the market correct paralyzed the economy in its depressed state for 15 years.
Both were caused primarily by an over expansion of credit rooted in loose money supply. The monetary response to the current recession has been different. Rather than tightening to force the market to bottom, the Fed has maintained low rates in an effort to re-inflate the bubble conditions. Hoover/Bush & FDR/Obama responses are similar as all tried to spend their way out of the problem.
1929 crash:
After WWI, Britain reset the pound to the pre-WWI level even though their money supply had far exceeded pre-WWI levels. In an effort to slow the flight of gold from Britain, the US federal reserve (led by Benjamin Strong) lowered interest rates. As always, artificially low interest rates caused massive distortions in asset values. Money flowed into the stock market and people who would not normally have been stockholders bought stocks in place of other investments that would have yielded better interest rates absent fed policy. Margin was used excessively because the real cost of leveraging was distorted by fed interest rate policy.
The fed continually lowered interest rates all the way into 1929. When the bubble popped, they tightened policy and raised rates. This contributed the deflationary spiral; however, the deflationary spiral could not have been as severe without the loose policy during the bubble.
2008 crash:
Beginning in the early 1990s, the federal reserve (led by Alan Greenspan) lowered rates while monitoring consumer prices as indicators of inflation. They ignored bubbles in the stock market directly caused by their inflationary monetary policy. When the stock bubble popped, they lowered rates further and pushed misdirected investment towards other assets - most commonly housing.
After the attacks of 9/11/2001, the fed pushed rates to 0 (long term rates were effectively negative and continue to be).
Explanation:
Answer:
Mostly People who belongs to the wealthy, rich families attends colleges, universities and the other forms of post secondary education in developing countries. Many students from middle class families also manage to study in the colleges or universities. As in the developing countries the education is not free and many poor families can not afford the education of college and university level for their children.
Answer: Kublai Khan was the grandson of Genghis Khan and the founder of the Yuan Dynasty in 13th-century China. He was the first Mongol to rule over China when he conquered the Song Dynasty of southern China in 1279. Kublai (also spelled Kubla or Khubilai) relegated his Chinese subjects to the lowest class of society and even appointed foreigners, such as Venetian explorer Marco Polo, to important positions over Chinese officials. After failed expeditions against Japan and Java, his Mongol dynasty declined toward the end of his reign, and was completely overthrown by the Chinese after his death.
When Kublai was 17 years old, his father died. At that time, Kublai’s uncle, Ogodei Khan (third son of Genghis Khan) was the Great Khan and ruler of the Mongol Empire.
