Answer: World War 2 ended with the unconditional surrender of the Axis powers
Explanation: World War 2 ended with the unconditional surrender of the Axis powers. On 8 May 1945, the Allies accepted Germany's surrender, about a week after Adolf Hitler had committed Not Alive VE Day – Victory in Europe celebrates the end of the Second World War on 8 May 1945.
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Subprime mortgages were considered toxic assets because mortgages were bought by investment banks and they bundled them and sold them as securities is True.
<h3><u>Explanation:</u></h3>
Toxic assets are those which can be sold a very low price therefore not making any profit for the seller due to significant drop of value or because they aren’t in demand anymore and cannot be sold in the market. Subprime mortgages were one of the risky investments in the midst of the financial recession.
Subprime mortgages from lenders were loaned to borrowers with no assets, poor credit and sometimes not even an income and sold to investors with regular payments as security. This over securitization was one of the major cause that triggered the financial crisis in 2007-2009 and a decrease in housing demand.
Answer:
US has dipped into recession as worried consumers flash warning signs
Explanation:
US has dipped into recession as worried consumers flash warning signs: The US economy is careening into another recession, two noted economists warn, as worries about the labor market and the coronavirus have worsened dramatically over the past two months. #accelerationism
Answer:
1. The new rulers stopped all voyages.
2. Trade was limited.
3. China was separated from other civilizations.
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