The economic needs that drove international trade from 1300-1750 were the discovery of spices and silks by the Europeans.
- International trade is a form of trade which involves the exchange of goods and services among several countries.
- It should be noted that there was a commercial revolution which was based on trade. Europeans discovered silk, spices and other essential commodities. This brought about international trade.
- The goods discovered were sold to other parts of the world. Mercantilism and new sources of wealth were also practiced by several countries in order to boost their development.
In conclusion, the international trade led to the development of commerce and increase in the gross domestic product of the countries involved.
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It encouraged them to work in social reform movements.
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<span>The consolidation of economic power by the wealthiest.
Prior to the 16th amendment, direct taxes had to apportioned to the states according to population. There were some exceptions based upon indirect taxes such as tariffs and excise taxes, but in general income from rentals of property were effectively unable to be taxed. The Pollock v. Farmers' Loan & Trust Co., case eased the governments ability to tax, in that it made wages exempt from the apportionment clause, but income via rentals, interest, and dividends were restricted to apportionment and effectively untaxable. The 16th amendment allowed for taxation on those sources of income.</span>
One of the primary reasons why the
attack of the Byzantine Empire by the Turks was significant that when the Turks
initially attacked the Byzantine Realm, the Holy Lands which were also in the
empire were overrun. <span>This lead to Alexius I asking the Pope for Christian knights
to help him in the Crusades which then lead to Pope Urban II to allow the
Crusades to happen.</span>
