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Italian city-states like Venice and Genoa were located on the trade routes that linked the rest of western Europe with the East. Both these city-states became bustling trading centers. ... The increase of trade led to a new kind of economy. During the middle ages people traded goods for other goods.
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The explosion wiped out 90 percent of the city and immediately killed 80,000 people; tens of thousands more would later die of radiation exposure. Three days later, a second B-29 dropped another A-bomb on Nagasaki, killing an estimated 40,000 people.
First <span>the capitalist world was in the great economic depression.
Second "</span><span>decline” took place in the 1970s and 80s during which the international competitiveness of U.S. commodities and capital decreased drastically.
Third </span><span>“decline” occurred during the recent financial crisis.
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Reasons Why
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* </span><span>first two “declines”, the United States entered a new stage of economic growth through reform and innovation. There are still lots of uncertainties whether the U.S. economy would be able to recover this time, but it seems certain that one, the United States has fallen from the peak of economic hegemony and it is unable to change the trend of plural development of the world economy in the 21st century even if its economy could resurge, and two, the U.S. economy remains strong and will witness a fairly long period of development in the wake of fresh scientific and technological revolution.
HOPE I HELPED</span>
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that all men are created equal and that government is based on the consent of the governed, became the foundation for the US political ideal of popular sovereignty: that the government exists to serve the people, who elect representatives to express their will.