The Ernie Canal connects the Great Lakes with the Atlantic Ocean by means of the Hudson.
Problem with using commodity money in the us colonies prior to 1700 Very few people were willing to accept commodities as payment.
British creditors feared charge in a currency of such fluctuating cost and to alleviate their fears the colonies have been prohibited from printing more paper cash. This brought about the cost of current paper money to plummet. This jolted a colonial economic system already suffering a surge in populace and could not be contained.
Colonial people complained that gold and silver coins were chronically scarce. those coins could be received simplest thru importation. Given unrestricted change in specie, marketplace arbitrage must have eliminated continual shortage.
Commodity cash is money whose fee comes from a commodity of which it's miles made. Commodity cash includes gadgets having cost or use in themselves as well as their value in shopping for items.
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is as important to listen critically as it is to read critically. Critical listening is a process for understanding what is said and evaluating, judging, and forming an opinion on what you hear.
A) True would be the answer.
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Answer:
The Phoenicians, based on a narrow coastal strip of the Levant, put their excellent seafaring skills to good use and created a network of colonies and trade centres across the ancient Mediterranean. Their major trade routes were by sea to the Greek islands, across southern Europe, down the Atlantic coast of Africa, and up to ancient Britain. In addition, Arabia and India were reached via the Red Sea, and vast areas of Western Asia were connected to the homeland via land routes where goods were transported by caravan. By the 9th century BCE, the Phoenicians had established themselves as one of the greatest trading powers in the ancient world.
Trade and the search for valuable commodities necessitated the establishment of permanent trading posts and, as the Phoenician ships generally sailed close to the coast and only in daytime, regular way-stations too. These outposts became more firmly established in order to control the trade in specific commodities available at that specific site. In time, these developed further to become full colonies so that a permanent Phoenician influence eventually extended around the whole coastline of the ancient Mediterranean and the Red Sea. Their broad-bottomed single-sail cargo ships transported goods from Lebanon to the Atlantic coast of Africa, Britain, and even the Canary Islands, and brought goods back in the opposite direction, stopping at trade centres anywhere else between. Nor was trade restricted to sea routes as Phoenician caravans also operated throughout Western Asia tapping into well-established trading zones such as Mesopotamia and India.
Phoenician sea trade can, therefore, be divided into that for its colonies and that with fellow trading civilizations. Consequently, the Phoenicians not only imported what they needed and exported what they themselves cultivated and manufactured but they could also act as middlemen traders transporting goods such as papyrus, textiles, metals, and spices between the many civilizations with whom they had contact. They could thus make enormous gains by selling a commodity with a low value such as oil or pottery for another such as tin or silver which was not itself valued by its producers but could fetch enormous prices elsewhere. Trading Phoenicians appear in all manner of ancient sources, from Mesopotamian reliefs to the works of Homer and Herodotus, from Egyptian tomb art to the Book of Ezekiel in the Bible. The Phoenicians were the equivalent of the international haulage trucks of today, and just as ubiquitous.
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