Between 1640-1660, Great Britain enjoyed the greatest benefits of mercantilism. During this period, the prevailing economic wisdom suggested that the empire's colonies could supply raw materials and resources to the mother country and subsequently be used as export markets for the finished products.
The correct answer is:
D. Too many risky loans given out.
Explanation:
The economic crisis of 2008, which was one of the worst economic crisis in the world, began when too many risky loans were given out to people who couldn't afford to pay back so eventually the debts became bigger than the money available, leading the bank system to almost collapse.
Risky loans were given to people mainly when they wanted to buy a house, because mortgage brokers sold the risky mortgages with the good mortageges to investors and banks, and because the house market was rising everybody was making money, but the bubble broke out because families were not able to pay their mortgages because of the interest rates and as more credit was given the house prices started to fall, so there was a huge debt and no one to pay for it.
Answer:
The US war on drugs and its legacy in Latin America ... The legacy of the US-funded war on drugs in Latin America is profound even as its impact has been ... to dictate the implementation of policy as it did in the 70s and 80s.
Explanation:
google said it
Answer:
The famous Richard Kipling´s phrase is usually interpreted as a statement of the alleged mission of Europeans to bring civilization and progress to backward peoples. It is seen as a racist justification of colonization of other peoples by many critics, as a statement of white man´s superiority. The other phrase refers to the exploitation and injustice suffered by colonized people in Africa and Asia in the hands of their white colonial masters.
Explanation:
