The development of banking during commercial revolution in western Europe was significant because it allowed for the creation of private and public credit--meaning that much larger ventures could be started due to an increase of capital, which allowed people to take bigger risks.
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Answer:
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Answer:
Britain, France and the United States all disagreed on on the issue of reparations settlement. It leads to the War Guilt Clause, or Article 231, of the Treaty of Versailles.
Explanation:
France required Germany to pay reparations for the damage they had caused, as a means to ensure that Germany could not again threaten France and as well to weaken the German ability to compete with France's industrialization.
Britain opposed harsh reparations in favor of a lighter reparations settlement, including war pensions for disabled veterans and allowances to be paid to war widows.
The United States, on the other hand, opposed these settlements, and requested that there be no indemnity imposed upon Germany.
