John O'Sullivan Declared That Race Was the Key to the History

question 139

Essay

John O'Sullivan declared that race was the key to the history of nations and the rise and fall of empires. How accurate do you think that statement was? Why?

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Definitions:

Compensating Balance

A minimum bank account balance that a borrower must maintain as a condition for obtaining a loan.

Interest Charges

The cost paid by a borrower for the use of borrowed money, or paid on a deposit or investment.

Needed Funds

The estimated financial resources required for an entity to carry out its planned activities or achieve its goals.

Projected ROEs

Estimated returns on equity, predicting future profitability based on company's equity investments.