Miltiades was a native of Africa who was officially elected Pope of the Roman Catholic Church in 311 AD and he served on the papacy as the thirty second pope in the Roman Church for three years, six months, and eight days. His accomplishment: According to the Liber Pontificalis, Miltiades was a man who worked very hard to make sure that the church had peace as it was ravaged by persecution as thousands of Christian were killed for their faith. Miltiades assumed office soon after the promulgation of the Edict of Toleration at Nicomedia on April 30, 311 which was signed by Emperor Galerius, Licinius, and Constantine of which put an end to the persecutions of the church. During the time of his reign, Christians received legal
In Doc 4, Charles Mann explains that due to this inflation, the government ran out of money. This inflation also had an effect on agriculture, because the prices of grain fell drastically. Wang Xijue that the Ming government “requires silver for taxes but dispurses little in their expenditure,” and this results in lowered grain prices (Doc 6).
October 29, 1929 was perhaps one of the most dreadful days in American history for its economy. Before “Black Tuesday”, as it was known, stock prices had been dropping. As a result, America experienced a devastating reality known as the Stock Market Crash. Many economists hold the belief that it was caused due to people “buying on margin”. The effects of this were detrimental and quickly lead us into a depression, and not only for America, but around the world as well.
This was much unorganized, banks got removed, etc. The lack of national banks was one of the many speculations that contributed policies that caused the market to crash in the year of 1837. This led to six long years of depression for the United States of America, and is another great reason why Andrew Jackson, also known as “Old Hickory”, was one of the worst presidents the United States ever had in its great history of US
In October of 1929, the Dow Jones Industrial Average fell 25% in four days, this is defined as the Stock Market Crash of 1929. Billions of dollars were lost, countless investors were crushed by the amount of money they lost, and a plethora of people were forced into debt. The Stock Market Crash intensified the Great Depression, which was was a time of economic calamity in America in the 1920’s and 1930’s. The Great Depression was caused by the consolidation of overproduction, false prosperity, unemployment, banking crises, and the stock market crash of 1929. The overproduction of farm products, due to improved technology, and false prosperity caused deflation, which was a reason for the Great Depression.
Economic downfall was the effect of the stock market crash that encouraged the cause rapid increase in bank credit and loan. Unemployment rate was squatter of the people were unemployed (Doc C). During 1915 and 1935 about 4000 bank were suspended
Extra duty was charged on items like lead and glass. In fact, the average tax on the British people became four shillings for each pound. Trade between Great Britain and the thirteen American colonies also collapsed, causing many British business people to suffer financially. The overseas market also dried up. Income from the sale of metal and woolen products also dropped sharply because overseas trade decreased sharply during the war period.
Persia was founded by Cyrus the Great. Cyrus the Great was born some time in between 580 to 590 B.C.E., but information about him did not emerge until 550 B.C.E. (Stockdale) Cyrus originally took over Medes, but several years later, he conquered and joined together Lydia, Cilicia, Croesus and Media to create the Achaemenid period of Persia. One of Cyrus’ greatest gestures that he performed was when he took over Babylon. Babylon at the time was ruled by a cruel king, and after Cyrus took over, he set free about 40,000 Hebrew slaves.
In 1025, the death of Basil II marks the date that Byzantium began to decline. For the next 59 years, the empire would be misgoverned by thirteen inept emperors that would bring the once overwhelmingly rich and powerful state to the verge of collapse. The following years the emperors spent lavishly on buildings, churches and largesse, draining the imperial treasury. Adding to the financial crisis, the emperor Romanus VII was under the burden of wealthy landlord’s to relieve them from the pressure of taxation. He abandoned Basil II policy requiring the rich to pay the unpaid taxes of the poor.
In Kenya, there was a revolt which led to decolonization in 1963. By mid 1960, most Eastern and Western Africa was freed. Finally, Guinea Bissau gained independence in 1974 (Klemm, “Africa”). European colonization of Africa exacted a heavy cost in African lives. Millions were killed directly in wars of conquest and indirectly through the demands imposed upon them in colonial plantations (Klemm,
Panic of 1893 1893-1897 The Panic of 1893 was the worst depression in the nation’s history. The economy was centralized enough that most people were influenced by national markets and almost everyone was vulnerable to the effects of a national economic depression. In April 1893, the U.S. Treasury’s gold reserve dropped below $100 million and set off a financial panic as investors sold off their assets and converted them into gold. Along with the failure of the Philadelphia and Reading Railroad, the market was increasingly unsettled. Bank failures began and spread rapidly, fourteen thousand business failed by the end of the year, and the next four years were spent in the worst depression ever seen.
During the 1840s Cuba suffered a drought followed by a severe hurricane. Rising Spanish tariffs curtailed US trade and investment. The Financial Panic of 1857 and the Civil War during the 1860s greatly diminished trade and investment. High unemployment among Cuban plantation workers was the result.
The war began because Germany had spiraled into an economic depression after WWI. According to Craig L.Symonds (2014)“The germans had just reached a population of around 65 million” and with their weak government the people were open to extremist ideas this gave Adolf Hitler the opening he needed to rise to power. Hitler rose to power as head of the Nazi party from 1934 to 1945. He initiated World War II and oversaw fascist parties that resulted in millions of deaths. (Adolf Hitler biography, n.d.).
.) Many diamonds are found in river beds. The diamond trade has fallen ff since the 1960’s dues to smuggling and lack of resources. Much of the diamond region was left in the hands of rebel forces throughout the 1990s and early 21st century, basically giving them a way to fund the war. The trading of these so-called “blood” or “conflict” diamonds was a huge problem in Sierra Leone and many African countries.
Not only did the feudal system find its value dropping but trade and commerce also came to a stop during the Plague. As the Europeans began to recover from the losses they suffered during the plague, with feudal lords holding most of the power, it made it difficult to rebuild the economy (Alavosus, 57). The Black Plague caused a rise in prices and wages and greater value was placed on labour.