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1.Trump faced bankruptcy when he was unable to make massive loan payments of over $2 billion. He had regularly convinced financial institutions that his name raised the worth of his assets, so they could ignore their usual lending and collateral guidelines. At that point, however, the market was contracting, and banks were not eager to agree to his demands and invest in what was then considered risky.
2.Trump lost control of some of his real estate to creditor banks and was forced to trade part of his empire to restructure debts. Although he secured emergency financing, his worth was reduced from an estimated $1.7 billion to $500 million. Perhaps worse, Trump's expertise was questioned. Trump found this uncertain period a challenge.
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European economic system in the American colonies was different from existing economic systems in Europe because Spanish colonists used enslaved Africans to work on plantations.
<h3>What is an eonomic system?</h3>
It should be noted that an economic system simply means a system of production, allocation, and distribution of goods.
In this case, European economic systems in the American colonies was different from existing economic systems in Europe because Spanish colonists used enslaved Africans to work on plantations.
Learn more about economic system on:
brainly.com/question/27085278
There were several reasons why Stalin started a policy of rapid industrialisation in the late 1920s, but the main reason is that he saw that Russia was falling behind the western world.
