Yeah the dreadnought is right.
Credit is essentialy a loan given that is paid back with interest. Arguably, credit caused the Great Depression. Many Americans invested in the stock market with credit when they did not have the money, so when a recession in the stock market occurred, many stockholders were in huge debt. Banks that lended money were out of money, and depositors lost money. This caused homes to foreclose, and because of the decrease in consumer purchasing power (people were in debt), companies laid off workers and unemployment rose.
<span>The
Japanese government declined in the A.D. 800s because a number of weak
emperors came to the throne. Powerful nobles than began to gain control
of land. Nobles began collecting more taxes from the peasants working
the land. Nobles formed private armies. The shogun commanded the emperor's military
government. The mongols attacked Japan twice, but the attackers were
defeated because of violent pacific storms smashed many of their ships.</span>
