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.
Imperialism in China ended up with the sphere of influence, while European Imperialism in India ended up with the creation of Pakistan
Steamboats, introduced in 1807, disrupt the natural environment by the need for fuel lead to deforestation and air pollution.
The first Steamboat, known as the clermont on the Hudson River in 1807, Robert Fulton ad Robert Livingston introduced the first Steamboat. It became the prefered mode of water transportation.
The Battle of Midway<span> was a </span>turning point<span> in the Pacific </span>War<span>. Before the </span>Battle<span> of the </span>Coral Sea<span> on 7-8 May 1942, the Imperial Navy of Japan had swept aside all of its enemies from the Pacific and Indian oceans.
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