European civilization experienced a period of unprecedented rapid expansion around the globe during the last third of the nineteenth century. European nation-states had become very powerful because of industrialization and because of the organizational efficiency of the nation-state.
European global expansion had actually begun in the fifteenth century, but the process greatly accelerated in the nineteenth century.
Latin America and the seaports of Asia and Africa were the first to be colonized by Europeans. Native Americans were liquidated or thoroughly subjugated to European rule.
Most Latin American descendents (Latinos) of the Spanish conquerors gained independence from Spain by the early 19th century, while many indigenous peoples remained subject.
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The correct answer is D. Many people lost their money because banks didn't protect it.
Laissez-Faire economics is when the government doesn't get involved in the economic affairs of a nation.
