The effect that the Embargo Act had on the American economy back in 1807 was that it almost destroyed the American economy. This is because the Act restricted ships to leave US ports and to export anything, leading to the rise of unemployment and low economic activity due to less trading.
Viceroyalties were instiutions created by the Spanish monarchy to incorporate the colonized lands in America in the administration engines of the Empire. A viceroyalty was ruled by viceroy, a direct subordinates of the King, and was considered a province within the Empire and not a colony anymore.
The two viceroyalties existing in America prior to 1717 were:
- Viceroyalty of New Spain. It contained the current territory of Mexico, together with Southwestern states from the current US. It was the first one created by the Spanish in America in 1535.
- Viceroyalty of Peru, created in 1542, which contained almost the whole territory ruled by the Spanish in South America.
Answer:
Republican form clause is a clause in the U.S. Constitution that grants to every state in its union a republican form of government. ... “The United States shall guarantee to every State in this Union a Republican Form of Government, and shall protect each of them against Invasion.
Explanation:
Answer: The answer is:
spices and other luxury goods
Explanation:
The trade of spices as nutmeg, cinnamon, pepper, ginger etc, was a profitable business in Europe
Beginning around 1100, European crusaders battled with Muslims for control of the Holy Lands in SW Asia.
The Europeans had been Introduced to these items during the Crusades. Europeans continued to demand for these goods.
It came to the point where the demand was greater than the supply, so merchants could charge high prices and thus make great profits.
The Italian merchants resold the items at increased prices to merchants
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