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Q: What happened to Virginia's economy in the 17th century as the importation of slaves increased?
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Which factor of development increased the productivity of Louisiana's economy the 19th century the most?

Mass Production.


What happened to gross domestic product rates in the second half of the twentieth century?

The second half of the twentieth century saw the highest sustained growth rates of gross domestic product (GDP) in history.


How did technological changes and globalization transformed the American economy?

Increased automation and the development of manufacturing tools such as robotics, have resulted in greatly increased mass production. Improvements in communications and connectivity as well as development of a strong, supportive infrastructure have resulted in the globalization of markets that would not have been anticipated in most of the last century. Production can now be at an entirely different global location than the company they are producing products for. The niche market for that product can be anywhere in the world as well.


When did the US report its first trade deficit of the 20th century?

The United States has arguably had a trade deficit since at least the 1970s and was significantly increased during the Reagan Administration. The Clinton Administration almost successfully alleviated the U.S.'s national debt but the country is currently in debt again due to two different recessions in the 1990s/2000s


What was the principal economic activity of the Netherlands in the eighteenth century?

The eighteenth century was post "golden-age", when the Dutch had the world's trading and arms capital. This century was one primarily focused on shipping.