A bubble is a situation in which there is a rapid escalation of <span>asset prices which is later followed by a contraction of the same. When there is a surge in asset prices which is unwarranted by the fundamentals of the assets that are in question and an exuberant market behavior supports it, a bubble is created. When nobody buys anymore and starts selling everything off then the bubble is deflated.
In that period, many people started buying homes with mortgages with adjustable rates. When the stocks started rising so did the prices of mortgage interest rates and people started realizing they couldn't pay back their loans and started losing homes. When the homes were taken away, there was a realization that the houses were not worth at all the price that was owed and that banks would suffer severe losses because of the bad mortgages that they gave. This led to the 2008 recession.</span>
Answer:
The Industrial Revolution brought a huge change in the way farm works are done and agricultural produces are made. It not only helped in the faster means of production but also reduced the need for manual labor.
Explanation:
The Industrial Revolution was a period of extreme change or development in the field of manufacturing and production. The period between 1760 to 1820 would bring a huge shift in the lives of people and also signaled the move from rural to urban areas.
Before the advent of the Industrial Revolution, farming was done manually, with animals helping out in major works like plowing the fields. But with the Industrial Revolution, these manual labor works would become more refined and reduced. Instead of humans doing the work, machines would replace them. This was a welcome move because it increased productivity and also required lesser workers, as long as there is a worker who can operate the machines. Also, big factories would spring up and provided a different type of employment, reducing the time taken to get work done.
He confirmed by using technology of the telescope.
Answer:
They establish several principalities centered on cities like Novgorod and later Kiev. Starting in the 9th century, they began to raid and even attack the Byzantine Empire. Vladimir the Great, who ruled the Rus from Kiev, converted to Orthodox Christianity in 988
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The correct answer to this question is B) “American troops had to advance through areas devastated by war.”
<em>The pictures reveal that during the United States campaign in Germany in 1945, American troops had to advance through areas devastated by war.</em>
During the final months of World Word II, the Allied forces invaded German territory with strategies designed to invade and capture the Rhine River banks. The Allied forces designed four operations in February and March 1945 to do so. Those were operation Grenade and operation Veritable in February, and operation Undertone and operation Lumberjack in March. As it is revealed in the pictures, during the United States campaign in Germany in 1945, American troops had to advance through areas devastated by war.