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What are the reasons for issuing bonds rather than using a bank loan?
British and French Empires
Two of the largest and most powerful empires in history, known for their extensive colonies and influence over many parts of the world.
Trade Routes
Paths followed by traders to transport goods from one place to another, often covering great distances and involving multiple modes of transport.
Enlightenment Philosophy
A philosophical movement of the 18th century, emphasizing reason and individualism rather than tradition.
Authority
The power or right to give orders, make decisions, and enforce obedience, often associated with government, law enforcement, or organizational leadership roles.
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