Exported many goods that their slaves produced for them. these exports were their main source of income, so without enforcing slavery, the south would be broke, hence why the southerners didn’t want slavery abolished
Answer:
the growth of banking houses
Explanation:
Based on the evidence in this passage, "the growth of banking houses" was an economic development that encouraged trade in Europe from 1200 to 1450.
This rise of banking houses supported economic growth and also helped to develop interregional trade in luxury goods. The excerpt reveals that there was the use of a means of exchange known as "paper money". This paper money shows the growth of banking houses at that time and probably issued by the banking houses. So, people paid for goods with the use of paper money.
In the Middle Ages, the banks were developed in Europe to aid trading.
The correct answer is mixed market economy.
A market economy is one in which the economy is completely dictated by the consumers and producers. In this type of economy, the government does not play any type of role.
America does not have a pure market economy, as there is government regulation in our economy. For example, the federal government uses agencies like the Securities and Exchange Commission in order to monitor the stock market. Another example would be the Federal Deposit Insurance Corporation. The FDIC regulates financial institutions, like banks.
This is why the US is considered a mixed market economy, because it has elements of a command economy but primarily consists of ideas from the market economy structure.
