Debt situation – A representative sample
INDIA'S FINANCIAL SITUATION 1600 AD (FROM A free nation deep in debt: the financial roots of democracy By James MacDonald. PAGE 131). Click to read more at Google Books.
Spain, which became a significant power in the world between 1500-1800 AD was deep in debt. On the other hand, Moghul India, which controlled about three-fourths of modern India, most of Pakistan and Afghanistan was seriously in surplus – and had deep reserves.
To become a super-power, money ain’t everything. A deep desire to loot, pillage, slaughter, kill possibly is more important. Has the desert Bloc changed? Vietnam, Korea, Iraq, Afghanistan seem to suggest that the Desert Bloc remains just as willing to loot, pillage, slaughter, kill as they were in the past.
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[…] financing Columbus’ first voyage. She had no other option. The wars against the Moors had bankrupt the empire and they had to find new lands to plunder. In the movie, Isabella comes across as this wise […]