There are three main reasons why the Renaissance was kickstarted in Italy.
Geographical Location:
<span>The city-states of Italy were situated upon peninsulas and islands which made trade very easy. It was spurred by the Crusades and led to the growth of large city-states in northern Europe. This meant that northern Italy was quite urban as compared to the rest of Europe which was still rural. Cities served as platforms to exchange ideas and proved to be a facilitator for an intellectual revolution. When the bubonic plague hit in the 1300s, economic changes were brought about. Because of the decreased amount of laborers, survivors were in demand and could, therefore, demand higher wages. Merchants then began to pursue other interests (art) with fewer opportunities to expand. </span>
Greek & Roman Scholars:
<span>Scholars looked down upon the art and literature of the Middle Ages. They wanted to return to the learning of the Greeks and Romans. The artists and scholars of Italy drew inspiration from the ruins of Rome that surrounded them. The Western scholars also studied ancient Latin manuscripts that had been preserved in monasteries. Christian scholars in Constantinople also fled to Rome with Greek manuscripts when the Turks conquered Constantinople in 1453. </span>
Merchants and the Medici family:
<span>In each city-state, a wealthy merchant class developed. City-states such as Milan and Florence were quite small which meant more citizens could be involved in political life. Merchants did not inherit social rank like nobles did and had to use their wits and knowledge to succeed in business. They were extremely successful at politics too and as a result, successful merchants believed they deserved this power and wealth. They began to value individual achievement. With Florence in particular, the city-state had a republican form of government in the late 1200s. But during the beginnings of the Renaissance, Florence came to be under the rule of the powerful banking family - the Medici family. The family bank of Medici had offices throughout Italy and major cities of Europe. Cosimo de Medici was incredibly wealthy, not only as an Italian, but as a European. He won over Florence's government and influenced members of the ruling council by giving them loans. He served as the dictator for Florence for 30 years. After he died, his family continued to control Florence. The Medici family supported artists such as Michelangelo by sponsoring them. </span>
<span>All in all, Italy was had the economic and political power to allow new ideas to sprout and trade to spur, this igniting the Renaissance as a movement.</span>
The Judicial Branch does the work of interpreting the laws before they are made laws
First of all, the Spanish (along with the rest of the large European countries at the time) had guns and other military technology. With the advantage of having gunpowder, the Spanish were able to relatively easily conquer the indigenous peoples in the Americas. Another point is the Spanish military training; the American civilizations had no military training that matched the strict codes of the European countries, so the precision of the Spanish helped them conquer.
Answer:
My Car: I bought my car in 2015 from one of the local dealers. The Creditors can also use my car that currently as collateral. The car registration book has my name inscribed on it hence I own the vehicle. In the event of a need for credit, the creditors would lend me money worth the car. An attachment would occur when I sign the creditor’s contract with the bank in the condition of the car as the security.
My Land: Apparently I was deemed the legal owner of the land because I possessed an authenticated original title deed pertaining to the land with my name written on it. I signed the security agreement or the credit contract and as such the bank gained interest in the collateral hence attachment.
My AC: For the AC, a similar procedure has to happen in a secured credit transaction. Given that, I have all the receipts about the AC, I can use it as collateral. The creditors can lend an equivalent value to the AC. To seal the security agreement, I would sign the credit contract hence an attachment.
For each of the three items, explain if and when perfection occurred.
According to Distenfield & Distenfield (2005), the perfection of a security interest is the act of ascertaining one’s interest in a collateral hence preventing other parties from creating an attachment to the same collateral. Such parties would include other creditors and bankruptcy trustee among others. For the land, the creditor would perfect its interest by possessing the title deed pertaining to the land. Alternatively, the creditor would perfect its interest in the land collateral by filing a financial statement with the necessary public office. Just like the land, the creditor can possess the car's registration book hence perfection. Lastly, the creditor possesses the AC collateral hence perfecting in the collateral.
Explain the priority each of the creditors would have if you defaulted on your promise to pay
In an event of my failure to pay the already secured credit transaction, the creditor would obtain the collateral in lieu of the payment. The priorities of the creditors should only pick the items listed as securities and only those he or she has a security interest. For example, the creditor cannot take personal property or the home as collateral if it was not part of credit contractual agreement.
Explanation:
Marco Polo was a Venetian merchant who travelled the Far East reaching the empires of China and Mongolia. Along with his family, interacted with the emperors of both countries and was believed that he was once a special guest of a Chinese emperor during his travels. His voyage made the Europeans know more about the lands at the Far East of the globe and became vital for trade and industry.
