Answer:
Both the Roman and Han economies were in large part based on agriculture. Sea trade was less expensive than land trade and the fact that Rome was more of a naval empire than the Han Dynasty meant that commerce played a greater role in the Roman economy.
Answer:
1.) In China, the demand for silver initially drove the global economy. ... The devaluation of silver in China had a devastating financial effect on Spain as well — a fact that allowed its European competitors to gain the upper hand in a new global trade focused on sugar, tobacco, gold, and slaves."
1)- slave trade, Spanish forced Africans to mine silver
2)- Atlantic ocean became crucial, triangular trade with Americas, Africa, great Britain, and Spain
3)- traditional regional markets in afro-Eurasia, products increased and shipping improved
Answer:
The first thing was a poor credit structure farmer's interest rates on their loans went through the roof.
Explanation:
There were many things that caused the great depression. The farmer's property was already mortgaged to the banks and when it was time to sell their crops the price was too low for them to be able to pay off their debt. Bankers were also investing poorly in Wall Street and giving loans that couldn't be repaid as well as the banking system as a whole not being regulated properly by the Federal Reserve. poor allocation of consumer purchasing power & consumer demand, lack of diversification in the economy, and turn down in American participation in world trade are the major cause of the fret depression. Moreover, the government’s responses by 1932 were not so effective. For the case, the government spent only 1.5% of all government funds on relief and this was a very bad response of the government toward people. For that reason; the government was unable to pull the country out of it
Answer:
Global interaction refers to the ability of people to communicate all over the globe, no matter what positions they are occupying.
Answer:
(usually one quarter or one year).The four components of gross domestic product are personal consumption, business investment, government spending, and net export.
Explanation:
