What Were the Political, Social, Economic, And/or Cultural Consequences of This

question 128

Essay

What were the political, social, economic, and/or cultural consequences of this item: the paralysis of credit markets?
Instructions:
-Identify each item. Give an explanation or description of the item. Answer the questions who, what, where, and when.
-Explain the historical significance of each item. Establish the historical context in which the item exists. Establish the item as the result of or as the cause of other factors existing in the society under study.

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Definitions:

Boil Temperatures

The temperature at which a liquid turns into vapor, which varies depending on the atmospheric pressure and the liquid's properties.

A/C Circuit

An alternating current (A/C) circuit, in which the flow of electric charge periodically reverses direction, typically used in household and industrial power.

Condenser

In automotive contexts, a heat exchanger component in the air conditioning system that cools and condenses refrigerant gas back into a liquid.