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How did interest in ancient text lead to demand for church reformation?
Wiki User
∙ 11y ago
The Protestant Reformation began as an attempt to reform the Roman Catholic Church, carried out by Western European Catholics who opposed what they perceived as false doctrines and ecclesiastic malpractice - especially the teaching and the sale of indulgences or the abuses thereof, and simony, the selling and buying of clerical offices - that the reformers saw as evidence of the systemic corruption of the Church's Roman hierarchy, which included the Pope. Both issues were dealt with in an altogether different manner by the Roman Catholic Church during the Counter-Reformation.
Wiki User
∙ 11y ago
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What happens to the real rate of interest when the demand for capital increases because technology innovations have caused the aggregate investment opportunity set to increase?
Anytime the demand for capital increases, interest rates go up. Supply and demand. The price of money is measured in interest rates.
What was the date of the beginning of the Protestant Reformation?
The reformation started with Martin Luther's posting of his 95 theses on the door of the Wittenburg church. Although he only intended to end corruption in the clergy & papcy & end the selling of indulgences, the movement had a life of its own. Princes realized they could profit from seizing Church property and thereby become richer, more powerful, and more independent. The 'big deal' was that it split Western Christianity, led to questioning of Church authority, years of warfare, a separate Protestant Northern Europe, the Scientific Revolution, new technology, navigation, theory of a heliocentric universe implied the Church could err, leading to the questioning of the Church's authority to establish the 'truth', the Inquisition's burning of heretics, both Roman Catholic and Protestant abuse of women by burning 'witches' and eventually to freedom of religion, freedom of press, freedom of speech, demand for academic accountability in establishing 'truth'. The Reformation was a major paradigm shift for Western culture and influences lives today. The first answerer neglected to answer the question. Although Luther's Posting is only one possible date for the start of the Reformation (Wycliffe preceded him, for instance), even agreeing to Luther, since the question asked "What date..." it might have been useful to include it. Luther put his postulates on the Wittenburg door on October 31, 1517.
What did the desire to convert people to Christianity and the demand for Asian trade goods lead to?
These European desires led to the conquest and subjugation of ancient civilisations.
What was wrong with the roman aqueducts?
Nothing was wrong with the Roman aqueducts. They were a masterpiece of ancient engineering. Many fell in disuse due to a sharp degrease in the urban population of Europe which led to a decrease in the demand of water and to not bother to maintain and repair them.
What fueled the American construction machinery industry in the late 1990s?
In the late 1990s, low interest rates and a booming American economy fueled residential, public, and commercial construction in the United States, which in turn boosted demand for construction machinery and equipment.
Why interest rate has no affect on the aggregate demand?
The interest rate does affect aggregate demand. As the interest rate falls, aggregate demand increases and vice-versa.
What is the relationship between demand for money and interest rates?
as interest rates increase, demand for money increases.
How are interest rates being affected in the auto industry?
Higher interest rates mean that the demand for cars have increased, due to an increase in consumer demand. Lower interest rates mean that there is a lower demand and the FOMC is lowering the rates to increase consumer demand. Lower rates, however could also increase the demand for cars. This is why the Feds have to higher the interest rates, to ensure that the supply and demand are at an equilibrium point.
When the rate of interest falls the demand for capital?
When the rate of interest falls the demand for capital increases because it is cheaper to borrow money.
An increase in interest rates affects aggregate demand by?
An increase in interest rates decreases the aggregate demand shifting the curve to the left.
What happens to money demand when there is an increase in interest rates?
money demand will decrease
Do demand deposits earn interest?
Yes
What happens to the real rate of interest when the demand for capital increases because technology innovations have caused the aggregate investment opportunity set to increase?
Anytime the demand for capital increases, interest rates go up. Supply and demand. The price of money is measured in interest rates.
Would the concepts of cross elasticity of cross elasticity of demand and income elasticity of demand be of any interest to a pharmaceutical company?
I am at a loss for the answer please help me.
LM curve relatively flat?
he LM curve is flat when money demand is very responsive to interest rates. That is, when you have a flat money demand curve. Interest rates only have to increase by a little in order to get rid of bonds since money demand is very reactive to interest rates.
What is the main force behind the decisions made by producers in a free market scociety?
Demand demand demand
What will interest rates do if the demand for money in the money market exceeds the supply?
If the demand for money is greater than the supply, interest rates will go up.Whenever the demand for anything is greater than the available supply, the price goes up.
