Answer:
During the summer of 1998, the Russian economy was primed for the onset of a currency crisis.In an attempt to avert the crisis, the CBR intervenedby decreasing the growth of the money supply andtwice increasing the lending rate to banks, raisingit from 30 to 150 percent. Both rate hikes occurredin May 1998, the same month in which the Russianstock market lost 39 percent of its value.
Battle of Britain, during World War II, the successful defense of Great Britain against unremitting and destructive air raids conducted by the German air force (Luftwaffe) from July through September 1940, after the fall of France. Victory for the Luftwaffe in the air battle would have exposed Great Britain to invasion by the German army, which was then in control of the ports of France only a few miles away across the English Channel. In the event, the battle was won by the Royal Air Force (RAF) Fighter Command, whose victory not only blocked the possibility of invasion but also created the conditions for Great Britain’s survival, for the extension of the war, and for the eventual defeat of Nazi Germany.
North Korea pushed South Korea all the way to Pusan.
Answer:
This economic change forced a shift in the social structure, splitting up the once united white southerners and adding class to the characteristics that both defined and divided society. At the heart of the new Southern industry was the reliance on one crop, King Cotton, and the collapse of the plantation system.
