began to slow in late 2007 and entered into a recession in the second quarter of 2008. GDP contracted by 3.7% in 2009‚ ending a 16-year growth trend‚ and by another 0.3% in 2010. Spain reduced its budget deficit to 9.4% of GDP in 2011‚ and roughly 6.7% of GDP in 2012‚ above the 6.3% target negotiated between Spain and the EU. Although Spain’s large budget deficit and poor economic growth prospects remain a source of concern for foreign investors‚ the government’s ongoing efforts to cut spending
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Europe and the World: New Encounters‚ 1500-1800 On the Brink of a New World ❖ By the 16th century‚ the Atlantic seaboard had become the center of a commercial activity that raised Portugal and Spain and later the Dutch Republic‚ England‚ and France to prominence ➢ the age of expansion was a crucial factor in the European transition from the agrarian economy of the MA to a commercial and industrial capitalistic system. The Motives ❖ Contact w/non-Europeans remained limited until the end of
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Difference between Internet and World Wide Web • Categorized under Technology | Difference between Internet and World Wide Web The Internet is the term used to identify the massive interconnection of computer networks around the world. It refers to the physical connection of the paths between two or more computers. The World Wide Web is the general name for accessing the Internet via HTTP‚ thus WWW.anything.com. It is just one of the connection protocols that are available in the internet and not
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New England was settled by English Puritans‚ mostly Congregationalists‚ in the 1620s. It was held together by its common religion‚ which gave the region stability in its early years. Contrastingly‚ the mid-Atlantic colonies were made up of a variety of different religious groups‚ including Lutherans‚ Catholics‚ Jews‚ Congregationalists‚ and Quakers in Pennsylvania. During the Great Awakening of the 1730s‚ the influence of older forms of Protestantism‚ especially Calvinism‚ increased dramatically
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from England in seek of religious freedom. They settled in New England and a majority of their population lived in Massachusetts Bay. In contrast to other English colonists‚ they came to North America to create a pure Christian society that emphasized the community and family aspects of life. Most other colonists‚ such as the ones living in the Chesapeake region‚ came to the New World in search of economic gain. In 1630 to the 1660’s‚ Puritan values and ideas had a considerable impact in New England
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Colonial New England and Chesapeake were two colonies with England settlers‚ these colonies were very different. New England economy was base on growing crops and livestock‚ unlike the Chesapeake who depended greatly on the king of England for economic support. The New England colony who came to the new world for religious freedom practiced Christianity. On the other hand Chesapeake colony was mostly from the Anglelican church who at the time were actually a ruling government and religion was not
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At the end of the French and Indian War‚ the hostilities between Great Britain and the colonies progressed intensely. Britain started taxing the colonies while restricting their economy. Many violent arguments between the colonists and Britain also broke out‚ and fierce battles were fought due to the disagreements. Since Britain was in debt after the French and Indian War‚ they needed money‚ and an easy way to get the money was by taxing the colonists. The first tax was the Sugar Act that was
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Heavy New England rain and thunder poured from the outside windows‚ making the sound of a continues tapping sound. Forty-two men of‚ rather large wealth‚ gathered around a rectangular shaped table that stretched to the left and right sides of the room and at the far left was a fireplace crackling wood peacefully. The room smelled of burning wood and lit cigars. This room was used only for important meetings for the surreptitious society‚ and was a donation from the owner of the building‚ Lord Richard
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Louis XIV of France vs. the Stuart Kings of England: Why did the Stuart kings fail‚ and Louis XIV succeed? William Jefferson Clinton was one of the greatest presidents to govern the United States as opposed to the Bush’s. Clinton proved to the world our preeminence by way of control‚ economic growth‚ and policies ranging from Israel to social security. The Bush’s proved to the world that they won the election. Louis XIV and the Stuart Kings also compare in similar ways. Louis XIV was a sound leader
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Slavery in the New World The beginning of slavery in North America developed in response to the economic demands of means in the New World. The colonies in the New World needed manual laborers to develop the natural resources‚ and for this reason the use of slaves became an important part of society. European Carolinians depended on African labor even more after turning to rice as their cash crop. In fact‚ planters began to import slaves in larger numbers partly because of the West African skill
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