Impact of the Age of Exploration. Explorers learned more about areas such as Africa and the Americas and brought that knowledge back to Europe. Massive wealth accrued to European colonizers due to trade in goods, spices, and precious metals. ... New food, plants, and animals were exchanged between the colonies and Europe
The five-year plans do not certainly justify the tremendous cost borne by the soviet people. This is because the plan only brought glory to Stalin but did not improve the welfare of the people as is reflected in the economic gap between the Soviets and other western democracies
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Explanation: Tariffs increase the prices of imported goods. Because of this, domestic producers are not forced to reduce their prices from increased competition, and domestic consumers are left paying higher prices as a result. The benefits of tariffs are uneven. Because a tariff is a tax, the government will see increased revenue as imports enter the domestic market. Domestic industries also benefit from a reduction in competition, since import prices are artificially inflated
Most historians agree that the middle-class and some highly skilled workers whose jobs were not eliminated by the new machines were the real gainers in the early industrial revolution. <span>While the industrial workers had to wait until the second half of the nineteenth century to reap the benefits of industrialization, they did it in the very beginning of the Revolution.</span>
Answer: Mercantilism
Explanation:
It was an economic doctrine that emerged during the sixteenth century. Mercantilism was the dominant economic doctrine during the colonization of North America by England. Mercantilism maximizes the export of raw materials, and it implies the strengthening of national policy. Mercantilism was present even after the colonization of the New World. The English tried in various ways to place products on the soil of North America and enforce certain laws on the soil of the American colonies, all for economic gain. There have been many such examples throughout colonial history, and one of those laws is the Stamps Act. Mercantilism can be presented as the embryo of capitalist doctrine.