One reason that more people didn’t foresee the economic collapse of the 1930s was because "<span>A*Few people understood the risks involved with buying stock on loan."</span>
The Achaemenid Empire (558–330 BC) of Persia, popularly referred to as the Persian empire, was a monarchy. It was ruled by a single hereditary leader, who considered himself divinely authorized to hold absolute power.
The Persian empire was a model of efficient ancient administration. The monarch appointed satraps as regional leaders, and delegated power in a way the preserved sufficient local autonomy to prevent most (non-Greek) subjects from wishing to revolt. It had an efficient system of roads and messengers, allowing rule over a large geographic area, and a regular system of taxation that established it on a sound financial footing. It also had a complex and uniform law code.
Size comparison Venezuela is about 1.2 times smaller than Colombia. Colombia is approximately 1,138,910 sq km, while Venezuela is approximately 912,050 sq km, making Venezuela 80.08% the size of Colombia. Meanwhile, the population of Colombia is ~49.1 million people (20.4 million fewer people live in Venezuela).
