The economy was strained because of the arms race with the United States.
Explanation:
- Namely, in order to maintain the pace in arms race and the global balance of power with its main rival, as the economically weaker entrant in the competition, the USSR had to invest much more of its national income or gross domestic product for military purposes than the US, which inevitably reflected both on economic development and the standard of the Soviet population.
- The Cold War-led armaments race has led to a steady increase in the production and possession of both nuclear and conventional SRTs primarily in superpower and block arsenals and, in the case of conventional armaments, in many other countries.
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Answer:
1. They needed a fair way to trade with other regions.
2. They used to trade with goods but that way of bartering became very confusing, so they created a currency to simplify this.
3. This use of currency could save time and energy for citizens who used to have to lug around heavy carts full of livestock or luggage.
4. The Ancient Phoenicians culture was based around the bartering and trade system. While this was fine for the time being the Phoenicians soon had a need for a modernized value. This is where the coin was brought into play which created a needed symbol of hard work and time spent.
Explanation:
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