Beginning with the 8.6 billion dollar bubble bursting, the loss of 8.4 million jobs nationwide, financial collapse of greece and the celtic tiger in ireland, and sharp cutbacks in consumer spending which resulted in a financial era beginning in december 2007 know as the great revival the great decline the great recession the great depression

The correct option is “The Great Recession”. This term is used to show an economic downturn that started in 2007 in the US as a result of the real-state crisis. The Great Recession ended up in a global recession that lasted until 2009. This crisis is considered one of the worst after “The Great Depression” in 1929.

the expansion of the rule of empires over other territories took place as a result of several reasons including economic, ethnocentric, political, and religious, and exploratory purposes.

in terms of economic purposes: imperial governments aimed to maximize profits and with that purpose they neeeded cheap labor, access to or control of markets to sell or buy products. they also desired to find natural resources (precious metals and land). in the awake of   industrial revolution, dependent colonies provided the necessary raw materials that european factories and market needed to manufacture products.  

ethnocentric: many territories were conquered by imperial territories in an attempt to spread their cultures, values and belief as they considered them to be superior. in the late 19th century, for example, european powers held   the racist belief that inferior races should be conquered in order to “civilize” them.

political: another reason that drove conquer and expansion was patriotism and growing imperial power. it refers to national prestige, pride, and security. empires sought strategic territory to ensure access for their navies and armies around the world.

religious: the aim of converting new member of other religions was another factor that prompted expansion.   christian missionaries from europe established churches in conquered territories during the nineteenth century. thus, they spread western cultural values. furthermore, the imperial nation’s language was spread as well, through educational and religious interactions.

exploratory: imperial nations or their citizens aimed to explore territory that was unknown to them,   for different purposes including medical or scientific research, however, at the very   beginning, they did it to embark on adventure. furthermore, imperial explorers sought to discover, map, and claim territory before their imperial competition did, for national and personal glory as well as to realize the imperialist goal of expansion.