Answer:
In trading, people bring new items to sell and make profit. They make profit by giving their goods to the industrials who sell by packaging which makes them a huge profit. Then the products are given to the customers by which they have an extra profit. Package of the product is given to the industries and the industries package the products and and sell it to shops. Customers buy the products.
Explanation:
New and accurate MAPS were created in the 1500s
All national governments agreed to abide by the "rules of the game" under the gold standard. The defense of a fixed exchange rate was required.
A monetary system known as the "gold standard" links a currency's value directly to gold. As a result, the money is guaranteed by the government and can be exchanged for a specific amount of gold. A fixed exchange rate helps to ensure the smooth flow of money from one country to another.
Gold standard means, The amount of gold that a nation's central bank or treasury kept constituted the upper limit on its money supply. Any change in its gold holdings had to be accompanied by an equal adjustment in the number of outstanding local currency units.
According to the "rules of the game," nations that lost gold were required to raise interest rates and reduce their money supply, while nations that gained gold were required to lower interest rates.
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