The consequences of this violent catastrophe were many. A cessation of wars and a sudden slump in trade immediately followed but were only of short duration. A more lasting and serious consequence was the drastic reduction of the amount of land under cultivation, due to the deaths of so many labourers. This proved to be the ruin of many landowners. The shortage of labour compelled them to substitute wages or money rents in place of labour services in an effort to keep their tenants. There was also a general rise in wages for artisans and peasants. These changes brought a new fluidity to the hitherto rigid stratification of society.
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Answer:
D) a reduction in 95% of tariffs between South Korea and the United States
Explanation:
Although it was signed in 2007, it entered into force on March 15, 2012. Since 2016, 95% of all industrial and consumer goods enter the territory of the two countries free of duty. The rest is expected to be eliminated in the next 10 years after that date.
U.S. goods and services trade with Korea totaled an estimated $165.4 billion in 2018.
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