The two events that spurred the need to chart new maritime routes are the following : Europeans developed the economic system of mercantilism and needed reserves of gold and silver ; and Europe witnessed a period that historians refer to as a "dark age."
Because they have no common sense.
Answer:
By virtue of its role in the tobacco trade, the Upper South produced over 40 percent of all colonial exports, followed by the Lower South, and the Mid Atlantic colonies. New England produced the smallest value of exports and did so with a much more diverse trade than the other regions.
Explanation:
Answer:
Interest rate was almost Zero.
Explanation:
In the early 2000s, the interest rate of Japanese Yen was almost zero. That's why many Japanese businesses started to borrow Japanese Yen and started investing in the US treasury bills. In that time, the interest of the US treasury bill was 3-4%. Because of this reason, Yen Carry trade worked in the early 2000s.
