Credit is essentialy a loan given that is paid back with interest. Arguably, credit caused the Great Depression. Many Americans invested in the stock market with credit when they did not have the money, so when a recession in the stock market occurred, many stockholders were in huge debt. Banks that lended money were out of money, and depositors lost money. This caused homes to foreclose, and because of the decrease in consumer purchasing power (people were in debt), companies laid off workers and unemployment rose.
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the Ottomans were not tolerant towards other religions but the Mughals were accepting. ... 1) Were tolerant towards other religions in their empire. 2) Mainly run by Muslims but allowed Hindus to have government and military positions.
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The failure of the crips mission & effects of World War II created widespread discontentment in India. This led Gandhiji to launch a movement calling for complete withdrawal of the British from India.
