<u>Middle class emerged in Western Europe by the following</u>:
- New social groups emerged during the industrial revolution, industrialists, professionals and businessmen who believed that social structure were built based on "merit" and not "birth" were a part of the middle class.
- The people believed that the society must work based on "equal opportunities", "laws", and "principles of freedom" rather than based on a privileged account of the birth.
- The middle class included nationalist who had liberal thinking and educated that led to revolutions by demanding the end of aristocratic privileges and creating a national unity.
The event was The Panic of 1819 that made many Americans want to elect officials who better protected their interests <em>because it made the Americans rethink the New Republicans and their system that favoured internal improvements, tariff protection and the Second Bank of the United States. </em>
This starts when the Second Bank of the United States tries to reduce the inflationary practices because many of the Western branches had issued large amounts of currency to speculators and farmers without having currency to support the paper currency. They thought they could solve it by drastically reducing the loans to these branches, however, <em>this resulted in foreclosures on real property</em>.
The Panic of 1819 was the first major financial crisis in the country and led to a collapse of the economy that continued for two years. The Panic also caused massive unemployment and bankruptcies.
Answer:
D. All of the above.
Explanation:
A first-time investor refers to an individual such as entrepreneur who is inexperienced but willing to allocate or commit his or her capital in anticipation of an expected financial return or profits in the future.
The following statements indicate smart steps for the first-time investor;
A. Start making "opportunity cost" decisions now. He or she should be willing to give up something nice momentarily for something a lot better in the future. Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
B. He or she shouldn't use his or her first credit card to regularly finance any purchases.
C. As a rule, do not ever invest any amount more than you can afford to lose in the event of a downturn.
The Royal Georgia had made plantations in the Lowcountry and the swampy areas of Georgia. The lands of these areas are usually fertile. They hired many African slaves and indentured slaves that are knowledgeable in rice plantations. They were able to create an elaborate water system that helps sustain the plantations.
