In 1492, the exchange of plants and animals, diseases between the eastern and the western hemisphere occurred. This phenomenon is referred to as the Columbian Exchange.
<h3>Benefits of the Columbian Exchange to Europeans</h3>
The Columbian exchange had the following benefits to the western Hemisphere
- Population growth
- Introduction of new crops from the Americas.
- Europe's economic shift towards capitalism.
- Improvement in European diet through introduction of higher caloric potatoes.
<h3>Benefits of the Columbian Exchange to American Indians</h3>
The Columbian exchange had the following benefits to the eastern Hemisphere
- Improved hunting habits of Native Americans
- Improved farming habits
- Introduction of New diseases to Native American populations.
The most important change with far reaching consequences during the columbian exchange was the spread of diseases among native population and among Europeans which had no resistance to such diseases
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The answer to this question is B
D. Karl Barth, I don't really know so check if needed.
A bubble is a situation in which there is a rapid escalation of <span>asset prices which is later followed by a contraction of the same. When there is a surge in asset prices which is unwarranted by the fundamentals of the assets that are in question and an exuberant market behavior supports it, a bubble is created. When nobody buys anymore and starts selling everything off then the bubble is deflated.
In that period, many people started buying homes with mortgages with adjustable rates. When the stocks started rising so did the prices of mortgage interest rates and people started realizing they couldn't pay back their loans and started losing homes. When the homes were taken away, there was a realization that the houses were not worth at all the price that was owed and that banks would suffer severe losses because of the bad mortgages that they gave. This led to the 2008 recession.</span>
