The Moroccan Crisis (1905-1906) was the first crises and was one of the long term causes of World War One. The fight over control of Morocco broke down the trust between t…he major European Powers. The second crisis was the Bosnian Crisis (1908-1909) and was caused by Austria-Hungary's desire to annex Bosnia-Herzegovina. This crisis led to the assassination of Franz Ferdinand which triggered the breakout of the war. (MORE)
The crisis is a combination of bad laws and greed. The CRA (Communitty reinvestment act) required banks to make loans in areas that they dealt in despite an ability to find …people willing to invest in these areas with good credit. A percentage of all loans had to be in areas that were where the bank did business. There was no mitigation for a lack of people willing to invest in that area. This started in 1978 under Carter. The second issue was when President Clinton removed the ability for banks to require legal income and verification. This caused banks to make loans to people with questionable income. The bankers looked at the situation and said "Ok, we are taking the risk, let's get compensated for it". The rates for these loans went crazy high. Washington spent years ignoring this issue despite watching iit become larger and larger. Interest limits were raised to allow even higher interest rates for bad loans. The ONLY President to suggest a solution to this issue was President GW Bush. His idea was shot down before a democraticly controlled congress. He later has been blamed by them for not stopping the issue. The problem becomes worse when we give these corporations even more of our money and creating even more debt. In the past 100 days, we have added to YOUR debt over $3000.00 as an individual. That is your portion of what we have give these companies. The debt service is similar. You now owe $3000.00 a year ininterest on your portion of the governments debt. This will cause this recession to last even longer then it would have had they allowed the system to work itself out. It should depress you that your government cares so much about these corporations that they are willing to mortgage your future and continue this recession. They caused it by over regulation. They can solve it by letting the system be allowed to work without their interference. (MORE)
Andrew Jackson passed a force bill that commanded South Carolina to obey the Tariff of Abominations, therefore forcing the crisis to be resolved. Afterwards, however, he lower…ed the tariff to appease the South. (MORE)
The religious turmoil in Africa is between Christian and Muslim wherever there is a strong Muslim presents. This is just another way sub-saharian Africans are convince to slau…ghter each other but the most common reasons are usually tribal. The domination of Africa by European might has gone from overt to covert and those who have designs on Africa's natural resources have always been able to keep any unification of the peoples off balance for there will always be a Black politican ready to serve himself and be used in ways not benefical to the populace. Now Muslims are on the war path in Nigeria over the vast amounts of oil in the ground. I wonder if they ever contemplate how many of them following orders to do the damage will prosper when its over? (MORE)
Catholic Answer The crisis that greatly weakened the Church and the Papacy in the14th century was the Great Schism, the Western Schism. from A Catholic Dictionary, edited …by DonaldAttwater, Second edition, revised 1957 .
The Great Schism, otherwise know as the Schism of theWest was not strictly a schism at all but a conflict between thetwo parties within the Church each claiming to support the truepope. Three months after the election of Urban VI, in 1378, thefifteen electing cardinals declared that they had appointed himonly as a temporary vicar and that in any case the election wasinvalid as made under fear of violence from the Roman mob. Urbanretorted by naming twenty-eight new cardinals, and the others atonce proceeded to elect Cardinal Robert of Geneva as Pope ClementVII, who went to reside at Avignon. The quarrel was in its originnot a theological or religious one, but was caused by the ambitionand jealousy of French influence, which was supported to someextent for political reasons by Spain, Naples, Provence, andScotland; England, Germany, Scandinavia, Wales, Ireland, Portugal,Flanders and Hungary stood by what they believe to be the true popeat Rome. The Church was torn from top to bottom by the schism, bothsides in good faith (it was impossible to know to whom allegiancewas due), which lasted with its two lines of popes (and at one timethree) till the election of Martin V in 1417. It is now regarded aspractically certain that the Urbanist popes were the true ones andtheir names are included in semi-official lists; moreover, theordinal numbers of the Clementine claimants (who, however, are notcalled anti-popes,) were adopted by subsequent popes of the samename.. (MORE)