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What was one reason that Europeans increased their foreign trade?
establishing new colonies
What did mercantilist economic theory stipulate?
That nation should lower tariffs an promote free trade so that all might benefit
How do different countries interact economically?
They interreact from trad and might benefit from it but a affect is that people lose there jobs because of trade.
How do the worlds economies interact affect one another?
They interreact from trad and might benefit from it but a affect is that people lose there jobs because of trade.
How would improved transportation lead to increased trade and prosperity?
Improved transportation would lead to a larger access to cities or towns who would also trade in return. Those trading back might give you some valuable items that will help the city prosper. Therefore causing increased trade and prosperity.
How might Europeans from that time benefit from increased trade?
the europeans will get alot more things with the increased trade
How might Europeans of that time benefit from trade?
the europeans will get alot more things with the increased trade
Why did both Japan and China decide to limit trade with Europe?
Believed they would receive no benefit from the increased contact with Europeans
How did the slave trade benefit Europeans?
It's pretty simple. The Europeans just gained wealth off the free labor.
How did slave trade benefit europeans?
It's pretty simple. The Europeans just gained wealth off the free labor.
What was one reason that Europeans increased their foreign trade?
establishing new colonies
How did Europeans increased trade?
They set up colonies and Stock-Joint Companies.
How did slaves the slave trade benefit europeans?
It's pretty simple. The Europeans just gained wealth off the free labor.
What is at least one benefit to europeans for their involvement in the crusades?
One benefit to Europeans from their involvement in the Crusades was the expansion of trade networks. The Crusades facilitated increased contact between Europe and the East, leading to the exchange of goods, ideas, and cultures. This interaction introduced Europeans to new products such as spices, silk, and other luxury items, ultimately enriching European economies and contributing to the growth of merchant classes. Additionally, the Crusades spurred advancements in navigation and shipbuilding, further enhancing trade opportunities.
What was on long term impact of Marco polo's visit to China?
Europeans increased trade with china
What best explains why europeans wanted to discover a direct trade route to Asia?
The desire for increased profit led Europeans to seek a direct trade route to Asia. If they could dispense with the middleman, they could keep the extra for themselves.
How has the European Union been a benefit to the countries who have joined it?
the use if tariffs has increased trade
