Imperial leaders model of trade was mainly based on mercantilism principles.
Trade was heavily skewed against the conquered lands. Finished goods were exported to the colonies while it is only raw materials that the colonies would export to the colonial master.
Answer:
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Traditions are not bad but they need to evolve constantly
Explanation:
Answer:
Treaty of Versailles and President Wilson's 14th points.
Explanation:
Both the Treaty of Versailles and 14th points are somewhat related as they both deals with Germany. Both tried to punish Germany because of the First World War which bought deaths and destruction.
Both wanted the return of Alsace Lorraine to France.
The 14th Points by President Wilson were less harsh than the Treaty of Versailles which was imposed by Allied powers with France, Britain, etc.
The 14 points are mainly to establish countries independence in Europe with peace. The treaty focuses on punishing the Germans by putting the blame and reparation terms.
One economic problem was that businesses were not as healthy. People started losing money because they had numerous investors and they couldn't find a way to pay them back because they couldn't earn as much as they received in investments which caused investors to lose money in reality which harmed the businesses.
Another is that the consumers were indebted more than it was normal. People were spending more and more money and they in reality didn't have this money earned so the debt started increasing dramatically and when they couldn't pay back the debts the bubble burst and an economic crisis was introduced.
