A traditional economy is described.
A traditional economy is a system in which history traditions, customs and beliefs based in long lasting experience, drive economic choices and activities such as production or distribution. Traditional economies are based on subsistence activities: agriculture, animal husbandry, hunting, fishing, etc. Nowadays this system can be found in developing countries with emerging economies. Traditional economies are considered the starting point of all economies. At some moment, when certain conditions are met, development will be triggered, which means that there will be a transition from this kind of economy to a modern one.
You didn't post the cartoon
Didnt he open up a national bank?
They had no idea what was over there
<span>The correct answer is The Union used its superior number of ships to keep the South from exporting or importing foreign goods. This strategy effectively exploited the Confederate weakness and weakened it economically. Without being able to export or import, the Confederacy was further weakened as it could not access goods needed or generate income.</span>
