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What was the import and export economy of the Spanish colonies?
The import economy of the Spanish colonies was sugar, molasses, and slaves. The export economy was rice, tobacco, and rum.
What describes Africa's economy?
Export based Unstable Dependent on selling raw materials
What best describes the economy of Africa?
Unstable and dependent on selling raw materials
What was the most important export?
The most important colonial export was cash crops. This was mainly in form of corn and tobacco which supported the economy of most colonies.
What was the most important colonial export and how did it shape the economy of the colonies?
The most important colonial export was tobacco. It shaped the economy of the colonies by providing a profitable cash crop that fueled economic growth, trade, and the development of plantation agriculture. The demand for tobacco in Europe helped drive the expansion of the colonies and influenced their social and political structures.
What was an effect of Spain's regulation of trade in its American colonies?
Spanish colonies could only export their raw materials to Spain or other Spanish colonies, and had to purchase manufactured products only from Spain. This was typical of European colonies under the system of mercantilism.
Which of the following describes a major change in the world economy since the mid-20th century?
The United States has greatly increased its import and export levels.
Why would the economy of the English colonies benefit both the economy of the colonies of England?
The economy of the English colonies benefited the economy of England through the export of raw materials, such as tobacco, cotton, and timber, which were not readily available in England. These resources fueled English industries and contributed to economic growth. Additionally, the colonies provided a market for English manufactured goods, creating a cycle of trade that strengthened both economies. This symbiotic relationship helped England expand its wealth and influence globally.
What is a closed economy?
An economy that does not import or export goods
What is an export economy?
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What is Export economy.?
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What was the relationship between geography and the economy in the middle colonies?
The Middle colonies had the greatest advantage because they had very fertile land and were closer to the waters. They were the "export colonies" because they either grew or caught all of what they had, so they sold it to everyone else, making them richer.
