Justin Yifu Lin is a Chinese economist who is the author of the book "The Quest for Prosperity: How Developing Economies Can Take Off".
In his papers, Lin describes how the China, which many centuries ago was forced to enter a trade with Great Britain after the Opium Wars and was solely seen as a sourcing point, now faces a completely different reality in regards to commercial relations with the British.
The Chinese, whose strength relies on their massive and relatively cheap labor force, understood that the key to development was in acquiring knowledge that would let them thrive in the creation of their own industries. This process has been ongoing throughout the second half of the 20th century until nowadays, as British Enterprises set operations in Chinese Soil, employing Chinese citizens who would eventually benefit from all the knowledge they received. This process has resulted in the creation and incredible growth of global enterprises such as Hayer or Huawei.
It was the "A) Knights of Labor" who limited membership to skilled craftspeople and focused on economic reforms, since workers has been abused.
Answer:
<u>1. Babylonian</u>
<u>2. Assyrian</u>
<u>3. Persian</u>
Explanation:
The Old Babylonian Empire or the First Babylonian Dynasty was a state in ancient Mesopotamia with a center in the city of Babylon that existed from 1894 to 1595. The state peaked during the reign of Hammurabi, when it extended throughout the territory of Mesopotamia.
The period from the 9th to the 7th century in the Middle East was marked by the recovery and expansion of the Assyrian state. It can be divided into two periods: the first period lasted from 934 to 745 BC. It was during this period that the Assyrians renewed their power in upper Mesopotamia. During the second phase (745-612 BC), the Assyrian empire expanded rapidly to include large parts of the Old East.
The Old Persian Empire, was the first Persian Empire to date from 520 BC to 330 BC covered the territory of Greater Iran. At the height of its power, the Achaemenid Empire stretched to about 10.7 million km², making it the largest empire in ancient history.
Borrowers could not repay their loans
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The correct answer is D, slave trading.
