Before the fifteenth century, European states enjoyed a long history of trade with
places in the Far East, such as India and China. This trade introduced luxury goods
such as cotton, silk, and spices to the European economy. New technological
advancements in maritime navigation and ship construction allowed Europeans to travel
farther and explore parts of the globe that were previously unknown. This, in turn,
provided Europeans with an opportunity to locate luxury goods, which were in high
demand, thereby eliminating Europe’s dependency on Eastern trade. In many ways,
the demand for goods such as sugar, cotton, and rum fueled the expansion of European
empires and their eventual use of slave labor from Africa
Answer:
A simplified description of reality to understand and predict an economic event.
Explanation:
An economic model is defined as a theoretical construct u<em>sed to simplify and represent an economical scenario</em> with <em>its variables that can be measured to determine and prevent future events.</em>
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<u>Answer:</u>
- <em>Powers of Congress
</em>
- <em>Power to Tax and Spend</em>
<u>Explanation:</u>
Congress additionally has the <em>ability to set up post workplaces and post streets, issue licenses and copyrights, fix benchmarks of loads and measures, build up courts mediocre compared to the Supreme Court. </em>
And To make all laws which will be important and appropriate for conveying into execution the prior forces, and every single other influence.
These incorporate the ability to pronounce war, <em>coin cash, raise a military and naval force, manage trade,</em> set up rules of movement and naturalization, and set up the government courts and their wards.
The completion in 1825 of the Erie Canal (below), connecting Lake Erie with the Hudson River, was an event of major importance in Michigan history because it greatly facilitated the transportation of passengers and freight between the eastern seaboard and Michigan ports.
B. Naval Stores that was not a significant part
