Answer:
J.P. Morgan helped the Allies finance their World War ll triumph
Explanation:
Morgan's personal wealth was enormous, and during his life he used substantial portions of his wealth in philanthropic endeavors. He donated to charities, churches, hospitals, and schools. He also accumulated a huge collection of art.
In 1939, before the United States entered World War II, the British and French governments chose J.P. Morgan & Co. to sell $1.5 billion of securities in the New York public markets.
One of the most powerful bankers of his era, J.P. (John Pierpont) Morgan (1837-1913) financed railroads and helped organize U.S. Steel, General Electric and other major corporations. ... However, he faced criticism that he had too much power and was accused of manipulating the nation's financial system for his own gain.
J.P. Morgan helped the Allies finance their World War ll triumph. J.P. Morgan assisted Germany's rebuilding after The Great War. Morgan's Thomas Lamont spearheaded the renegotiation of reparation payments and organized other Wall Street banks to bail Germany out with loans.
Answer:
The Indian Ocean Trade began with small trading settlements around 800 A.D., and declined in the 1500’s when Portugal invaded and tried to run the trade for its own profit.
As trade intensified between Africa and Asia, prosperous city-states flourished along the eastern coast of Africa. These included Kilwa, Sofala, Mombasa, Malindi, and others. The city-states traded with inland kingdoms like Great Zimbabwe to obtain gold, ivory, and iron. These materials were then sold to places like India, Southeast Asia, and China. These were Africa’s exports in the Indian Ocean Trade. These items could be sold at a profit because they were scarce in Asian countries.
At the same time, the East African city-states were buying items from Asia. Many residents of the city-states were willing to pay high prices for cotton, silk, and porcelain objects. These items were expensive because they were not available in Africa at the time. These were Africa’s imports in the Indian Ocean Trade.
The city-states along the eastern coast of Africa made ideal centers of trade. An important attraction was the gold obtained from inland kingdoms. The gold was needed mainly for coins, although it was also used for works of art, ornamentation on buildings, and jewelry. Also, the city-states were easy to reach from Asia by ship because of the favorable wind and ocean currents. Ships had no trouble docking at the excellent ports and harbors located on the coasts of the city-states, making it easy to unload and load cargo. Merchants, tired after their long overseas journey, enjoyed the lodging and entertainment offered
The increased agricultural production of the 18th century can be traced to four interrelated factors:The increased availability of farmland.A favorable climate.More livestock.Improved crop yield.
Answer and Explanation:
The 19th century saw large amounts of social change; slavery was abolished, and the First and Second Industrial Revolution led to massive urbanization and much higher levels of productivity, profit and prosperity. European imperialism brought much of Asia and almost all of Africa under colonial rule.
