They only traded with their home countries or cities.
African goods were subject to falling prices on the world market
The Code of Hammurabi and the Twelve Tables of Rome are examples of "<span>(1) written laws". These were some of the first laws of this kind ever written down.</span>
Because the Pharaoh was laid to rest in a pyramid, which could be referred to as a "great house".
The reasons why the United States provided loans for the Latin American countries after they gained independence from Spain were mostly of economic and political interests.
By providing loans to these newly formed nations, the United States tried to create a positive opinion by the people in these nations about them, as they would have thought that the United States are helping them to develop. The real reason why the loans were granted though was to make these nations economically dependent and connected with the United States, thus the United States to have big power over them. Also, because this is a region in the neighborhood of the United States, they wanted to make sure that they would have things under control, create good relations with these nations, and avoid any future problems.
Answer:
The costs of passing a bill that prohibits child labor is precisely that all the labor that children could have provided for the economy is forgone. So in pure economic terms, there is a loss of value, a sunk cost.
However, the benefit is both economic, and social. The economic benefit is that children will instead go to school, and educate themselves to become more productive workers in the future. And the social benefit is a fairer society, and wealthier too.
