Basically, it’s the act of not meeting the required obligations of a specific loan that you are in charge of paying.
Answer:
The fifteenth century was an exciting time in Europe. People became more interested in the world around them. The invention of movable type helped spread information and new ideas. Artists and writers flourished. At the same time, nations saw trade as a way of increasing their wealth. Merchants dreamed of new sources for goods such as gold and spices. For centuries, Arab traders had controlled existing trade routes to Africa and Asia, which meant European merchants were forced to buy from Italian traders at high prices. They wanted to trade directly with Africa and Asia, but this meant that they had to find a new sea route. The stakes were high. Whoever succeeded in establishing trade relationships would in all likelihood become rich and achieve great famefor himself and for his country. However, exploration of this nature was very dangerous business. Superstitions persisted about what lay beyond Africa’s Cape of Good Hope, as no European had even seen the west coast of Africa beyond the Sahara. There were no maps or charts and very little knowledge of winds or currents.
Since the Portuguese were at peace and not locked in war the way France and England were, they became the first to accept the challenge of sailing uncharted waters, thanks to Prince Henry, who became known as Prince Henry the Navigator. Though Prince Henry did not sail himself, he made it possible for others to do so. He set up a center for exploration where interested people could share their knowledge of geography. Here they learned all they could about maps and navigation, including the use of the magnetic compass and the astrolabe. Portuguese shipbuilders developed a new kind of ship called a caravel, which could sail into the wind as well as with the wind. Armed with this knowledge, Portugal led the way. During the 1440s, brave sailors set sail and explored the African coast farther than ever before. In 1488 Bartholomeu Dias managed to sail around the southern tip of Africa, only to turn back because the crew was afraid to continue. Ten years later, Vasco da Gama completed the voyage around Africa and on to India. These accomplishments paved the way for others to explore and reach the riches of Asia. Even more important, Prince Henry’s sailors overcame the fear of the unknown and led the way for others to turn westward to the Atlantic and the Americas, where eventually the small settlement of Jamestown would be born.
Explanation:
In the US the two houses of Congress are:
1) The House of Represenatives, lead by the Speaker of the House of Representatives
and
2) Senate, lead by the President of the Senate.
House of Lords can be found in the UK.
"House of Parliament" would not be found, as "Parliament is another name for Congress (used in other countries)
Answer:
The pandemic has caused the largest and fastest decline in international flows — including trade, foreign direct investment, and international travel — in modern history. While these numbers imply a major rollback of globalization’s recent gains, they don’t necessarily signal a fundamental collapse of international market integration. But how deep will the plunge really be? How fast can we expect global flows to rebound? And how might future flow patterns look different from the past? Leaders can find clues about the future and actionable implications for their companies by focusing on five key drivers of globalization’s trajectory: 1) global growth patterns; 2) supply-chain policies; 3) superpower frictions and fragility; 4) ongoing technical shifts; and 5) my opinion
Explanation:
