Hi!
1.Trump faced bankruptcy when he was unable to make massive loan payments of over $2 billion. He had regularly convinced financial institutions that his name raised the worth of his assets, so they could ignore their usual lending and collateral guidelines. At that point, however, the market was contracting, and banks were not eager to agree to his demands and invest in what was then considered risky.
2.Trump lost control of some of his real estate to creditor banks and was forced to trade part of his empire to restructure debts. Although he secured emergency financing, his worth was reduced from an estimated $1.7 billion to $500 million. Perhaps worse, Trump's expertise was questioned. Trump found this uncertain period a challenge.
Hope it helps and have a wonderful day!
Franklin Delano Roosevelt (FDR)
4. <u><em>Described</em></u> how modernization has led to cultural diffusion, using a real or reasonable hypothetical example to support your explanation. (5 points)
Um The Soviet Union's collapse not only threw economic systems and trade relations throughout Eastern Europe into a tailspin
