History Coursework Example | Topics and Well Written Essays - 250 words

History - Coursework Example ent nations were motivated to dominate other nations by the need to enlarge and control foreign trade which would serve their insatiable appetite for luxuries, such as silks and spice and they were also trying to obtain raw materials and supplementary sources of labor, passages for extra capital and markets for surplus goods. Another explanation suggests the political determinants of imperialism, according to which the nations of Europe in the 1500s were motivated to expand chiefly due to the desire to gain power, defense, and diplomatic advantages, and their desire to implement military force and compete with other European nations was served by imperialism and conquests. â€Å"Reversing causation, trade could precipitate the extension of European empire. However, European power politics (together with European technological advantages) gave a stronger impetus to imperialism.† (Aldcroft and Sutcliffe, 121) Therefore, economic and political explanations of European imperialism in the 1500s are highlighted in the analysis of the factors that drove European civilization to get involved in imperialism and conquest. However, there are other important explanations such as the explanations based on the ideological or moral motives of European imperialism in the 1500s, according to which imperialism as a missionary activity was caused by cultural or religious beliefs. Similarly, the religious explanations of European imperialism in the 1500s emphasize the desire to spread

Mortgage Crisis in the U.S Essay Example | Topics and Well Written Essays - 2000 words

Mortgage Crisis in the U.S - Essay Example This led to an immediate and intense disorientation of the financial markets. During its semiannual worldwide financial report released on 8th April 2008, the paramount statue of international finance analysis (that is IMR) stated that the collapsing house prices and rising queries in the residential mortgage market or arena losses of approximately five hundred and sixty five billion US dollars. When these factors are combined with other declines from other areas of loans originated and provision of security in the United States of America that relates to commercial real estate is indicated by the International Monetary Fund to gather a loss of about nine hundred and forty five billion US dollars. This was shocking as it was the first time that the International Monetary Fund was approximating the extreme losses incurred by banks and other financial institutions in the United States. As indicated earlier, this credit crunch started in the year 2007 and led to the increasing number of defects on the subprime home loans. The main mission of the International Monetary Fund is to facilitate and promote international financial stability. Since it had easy money policies, the Federal Reserve allowed the housing prices to increase up to unsustainable levels. The bubble bursting led to this unfavorable condition. The current mortgage crisis began with the bursting of the bubble house in 2001 and reached its optimal point in 2005. Housing bubble refers to an economic bubble that occurs in local and international real estate markets. Occurs when there is a rapid rise in the valuation of real property to levels that are unsustainable in relation to income and other sources of affordability. When there are such rapid increases there is a subsequent decline in home prices and mortgage debt that is greater than the actual value of