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Deregulation of the banking industry
Deregulation allowed savings and loans to pursue riskier investments than they had before. Coupled with this is that Reagan's budget cutting measures also reduced staffing at the Federal Home Loan Bank Board, which was responsible for regulations that were in place.
The period 600 CE to 1450 CE is characterized by the opening of important trade routes between the world known then: Europe, Asia and Africa mainly. The intensification of trade implied a spread of languages, culture (religion) and customs of different peoples. With trade, products and diseases were also exchanged that made the revision of local beliefs and traditions necessary and permanent. To reconfigure the forces of power in those times, innovation was important and in many cases the adoption of religious systems or institutions was a good start for the reorganization of declining societies that should flourish after the fall of the great world empires.
The earliest forms of civilizations were said to be located on the three river valleys of the Tigris-Euphrates River in ancient Mesopotamia, the Nile River in ancient Egypt and the Huang He and Indus River in ancient India and China. These three river valley civilizations had many differences yet still lived common life styles. Although the civilizations are located on different continents, they share similar social, political, and economic beliefs from their intellectual developments to types of government to religious beliefs and trading systems. When the civilizations were first invented, there was a lot of chaos and confusion. This led to the invention of the different forms of writing
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Sincerely Lauralit1,
