stagflation is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment, and vice versa.
Answer:
The discovery of the New World by Christopher Columbus in 1492, although unexpected because he had never imagined that there could be a new land in his proposed journey towards the East Indies, had one pretty important reason, and it is told by the man himself in the letter that he sends to the Spanish crown and to his own financial supporter, Luis de Santangel.
The reason for this voyage, and the importance it had for Spain, was that commerce with the Far East, and with India, most importantly, had almost altogether stopped due to the blockade from the Arabs. The desire to find a new way to trade with the Asian continent, bypassing the blockade, encouraged first Portugal, and then Spain, to seek the sea as a means to achieve this. Columbus, an expert in cartography, believed that there was a way to reach India and thus proposed the plan to Luis Santangel and the Spanish crown. He received the go ahead and embarked on his journey. In the letter that he sends back, he clearly states the original reason for the journey, that ended with the discovery of these new lands, which he died believing were in Asia, was the need to re-establish commerce. However, later on he gives the Catholic monarchs, Fernando de Aragon and Isabella de Castilla, another reason to keep on with the project: he stumbles upon Natives, which he calls Indians, who would be open to Catholic evangelization, something that was very much in the heart if the Spanish monarchs. Thus, with these two reasons, more voyages are authorized by Spain, towards the newly found land.
Two major forms were indentured servitude and full slavery. In slavery, people were slaves and had to work forever or until they get sold or freed. In indentured servitude, people would work until their debts were paid, commonly these debts being there because they wanted to get to the new world.
The Catholic Church dominated the continent of Europe so virtually everyone was Catholic and because of this The Catholic Church was extremely powerful and influential in society.
