German's currency became worthless. The impact of hyperinflation was huge; People were paid by the hour and rushed to pass money to loved ones so that it could be spent before its value meant it was worthless. Because the mark became virtually worthless, people had to shop with wheel barrows full of money. Bartering also became common - exchanging something for something else but not accepting money for it. Bartering had been common in medieval times which show how people resorted to previous looked down upon activities.
In 300 A.D. most of the roman army were barbarian trained soldiers. This is why the battles with the enemies was so hard. Rome didn’t have complete control over the military and the situations. Romans got tired and irritated by the army not wanting to defend then that they hired citzens from unemployment. But they knew that they couldn’t rely on that army so the emperors raised all of the taxes because hiring the army was expensive.
The failure of foreign policy in the years 1514-1525 can be attributed to many things. The combination of Henry's isolation from European affairs and the fact that his attempts to raise tax were ultimately unpopular failures, meant that he had no way to impose himself upon Europe. Even when he did manage to scrape together the finances needed for a strong foreign policy his reliance on his allies led to disaster. As soon as Henry took the throne in 1509, it was obvious that he was a king that wanted to fight a war. However, wars generally led to very expensive costs to the country.
This is demonstrated in documents 4, 5, and 6. Henry Haskell states that “The government undertook such far-reaching responsibility in affairs that the fiber of the citizens weakened” (Document 4) This shows that the decline of the empire was due to heavy taxation that couldn’t support the government. If the taxes couldn’t sustain the government then it wouldn’t be able to control the people. According to Montanelli “The military crisis was the result of… proud old aristocracy’s… shortage of children” (Document 5) This means that many children weren’t old enough to go into the military which caused the decrease of soldiers. With the lack of soldiers, it would be easier to invade Rome, which could’ve led to the decline of the Empire.
Many hoped to get wealthy. But little did they know that for the most, this adventurous trip would come to a sad end. By 1611, out of the 500 settlers that came here to make a new life, 400 were dead. The tragedy of Jamestown could not have been prevented because of the rigorous climate and lack of fresh food and water. The tough climate made it very difficult for the colonists to survive.
Jackson and the Second Bank of the United States. The war of 1812 left our economy in turmoil. The banks had started printing more bank notes than they could back to pay off the debt accumulated during the war. This only made things worse by causing high inflation. Also in the wake of the war our national credit score had dropped dramatically and was close to a record low making it nearly impossible to finance necessary operations of the Federal Government.
Congress was not getting enough money from the states and need lots more. In 1786 they needed $2.5 million but only had $400,00.00 on hand. The states had bankrupt the nation. 3. Congress sought to allow the states to pay a 5%duty on imported goods.
Few saw this devastation coming. The Mortgage Foreclosure Crisis was arguably the most significant for the economy since the Great Depression. It forced millions to lose everything they have and have to live in lower standards than ever before. Criminal acts have skyrocketed due to desperate Americans having nowhere else to turn to but illegal lifestyles. The Mortgage Foreclosure Crisis has set back our economy and the lifestyle of the average American has changed astonishingly
The first four crusades were seen as the most important and little reference is made to the other crusaders, with the exception of the Children’s crusade, which effectively led to the decline of the crusades. The crusades first started because the emperor of Constantinople request for help to the Pope Urban II and the Catholic Church to defend himself from the Turks. The Pope saw this as an opportunity to control the Byzantine Empire and to expand to towards Jerusalem. The cost of crusading was enormous and very few men had the money to pay so they were force to sell their properties. A crusade army was a mix of rich and poor but they all had the same objective liberate the lands of Christ.
(Troops were raised but mostly untrained). They got to Cadiz but found a huge wine store, drunkenness and poor discipline. The fleet was forced to return back to England but Buckingham insisted to wait to see if they could make an attack on the Spanish fleet. This was a huge failure and because of Buckingham’s decision they did not have enough food to make it back and most died before they got home. Fierce criticism of Buckingham's failed decision in the Cadiz expedition was heard in Parliament.