Perhaps I am making more of it than it is, but I have been reading that unless bailed out (which Germany and the rest are becoming less inclined to do) Spain will have very serious trouble borrowing money in the future. Spain is big enough to have serious repercussions, and even if solved, the Italian crisis is coming.
All of our economies are slowing into possible recession. I cannot help but to think that given all of the debt we are holding (including China- most people don't know
Whether or not it was a good thing depends upon who you are. If you were a native american living in North America, then no it wasn't a good thing. It certainly wasn't a good thing for Africa.
Being an American living in the 21st century, the British Empire was an excellent thing. First of all because it brought the United States into being. Secondly because it's dominance in the Atlantic World kept the rest of Europe away from the United States so that it could grow powerful. The spread of