Answer:
the causes: Hedge funds, banks along with insurance companies
effects: threatened to destroy the international financial system. it also. ended up causing several major investment- commercial banks and mortgage lenders and other financial companies to fail- or nearly fail. it also kickstarted the gread recession which occured from 2007 to 2009 and was the worst economic decrease since the great depression in thr 1930s
Answer:
The Industrial Revolution transformed economies that had been based on agriculture and handicrafts into economies based on large-scale industry, mechanized manufacturing, and the factory system. New machines, new power sources, and new ways of organizing work made existing industries more productive and efficient.
Explanation: It has made people's daily lives, working careers and transportation easier but also changed the way we live. People went from working on farms in factories to earn money, but now our world has many more opportunities for better careers now.
Answer:
Mercantilism is an economic practice by which governments used their economies to augment state power at the expense of other countries. Governments sought to ensure that exports exceeded imports and to accumulate wealth in the form of bullion (mostly gold and silver).
