Is this world war 1 or 2? for ww1 E for ww2 A
1. West Africa before the Portuguese was a thriving region. There were several kingdoms that were very wealthy, and the main reason for that was that they had lot of natural resources and the trade. These kingdoms were conducting the majority of the trade between Northern Africa and sub-Saharan Africa, so they were able to gain lot of wealth from the countless goods that were traded through their territories.
2. Europe after the Crusades experienced a real ''boom'' in the trade, thus in its economy as well. Through the Crusades, the Europeans were introduced to lot of goods from the Middle East and the rest of Asia. Lot of those goods were very useful or attractive, so the Europeans gradually started to engage in trade with Asia more and more, with the pinnacle of this trade being during the existence of the Mongol Empire.
3. America before Columbus was much more limited when it came to trade and commerce. Unlike the Old World, the civilizations in the New World were engaging into trade only with the civilizations that surrounded them, thus it was more locally or regionally. The majority of the people were still mostly producing goods just about enough to sustain themselves, so they were not engaging into a large scale trade with places further away.
The correct answer is: Capitalism is a system in which goods are made by private businesses, but socialism stresses government control over production.
In the capitalist system, the means of production are used to generate profits for owners or shareholders. In addition, there is an emphasis on individual earnings and not on benefiting workers or society as a whole.
On the other hand, in the socialist system, the production is adjusted by the State to meet human needs as well as economic demands. It means that only what is useful and necessary will be produced.
