When a Spanish expedition headed by the Genoese explorer Christopher Columbus <span>sailed west to find a new trade route to the Far East but inadvertently landed in what came to be known to Europeans as the "New World".</span>
Answer:
People began to think about businesses rationally.
Goods became cheaper and easier for businesses to produce.
Absolute monarchs began to lend businesses money.
Answer:B
Explanation:The cotton gin made it easier to clean cotton so more cotton less value.
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The following were the challenges faced by North Carolina’s banking system in the early 1800s:
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There was too much paper currency -
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The paper currency that was in circulation, which was actually a promissory note, had become a very common method of payment.
The problem of the storage and reciprocation of this currency had already started to become a huge problem.
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Rural areas did not have many banks -
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Though substantially large populations also lived in the rural areas, the network of banks had not yet reached rural areas. As a result, a large faction of the population was being left out of the banking system.
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Bartering and trading were very common -
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Though the system of paper money had bee introduced already, many people still continued to use the same old bartering system in which the exchanged commodities for commodities.
