Slaves
In the antebellum South, slaves had no economic status as they were considered property rather than individuals with rights. They were forced to work without compensation on plantations and farms, producing cash crops like cotton and tobacco, which fueled the region's economy. Though they contributed significantly to the wealth of their owners and the Southern economy, slaves themselves lived in poverty, with no access to education or opportunities for economic advancement. Their labor was essential to the prosperity of the South, but they remained trapped in a system of oppression and exploitation.
The Mayans economic system was a 'world-system'. World-system means a socioeconomic system, one encompassing part of or the entirety of the globe.
economic system means the economic atmosphere of the country.It means which type of system a country have whether it have socialist economy,capitalistic economy or mixed economy.
there was batter system in ancient periodin modern economy there is trade instead of batter system.
An economy is a system for producing goods and services.
The majority of White families in the antebellum South owned enslaved African Americans. This system of slavery was a key foundation of the Southern economy, with enslaved individuals forced to provide labor on plantations and in households.
A socioeconomic system is the structure within which an economy functions and individuals interact with one another. It includes the distribution of resources, wealth, and goods, as well as the rules and institutions that govern economic activity and social relationships within a society. Examples include capitalism, socialism, and mixed economies.
Railroads
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The slave class system in the antebellum South was a hierarchical social structure primarily defined by race and economic status. At the top were wealthy plantation owners who controlled vast tracts of land and numerous enslaved people. Below them were smaller farmers who might own one or two slaves, while at the bottom were the enslaved individuals themselves, who had no rights and were considered property. This system was deeply entrenched in the economy and culture of the South, perpetuating racial inequality and social stratification.
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In the antebellum South, slaves had no economic status as they were considered property rather than individuals with rights. They were forced to work without compensation on plantations and farms, producing cash crops like cotton and tobacco, which fueled the region's economy. Though they contributed significantly to the wealth of their owners and the Southern economy, slaves themselves lived in poverty, with no access to education or opportunities for economic advancement. Their labor was essential to the prosperity of the South, but they remained trapped in a system of oppression and exploitation.
The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.The economic system in the US is considered a mixed-economy. It has elements of both capitalism (free market system) and that of a socialist economy system.
The Mayans economic system was a 'world-system'. World-system means a socioeconomic system, one encompassing part of or the entirety of the globe.
The Mayans economic system was a 'world-system'. World-system means a socioeconomic system, one encompassing part of or the entirety of the globe.
The Inca civilization did not use currency because their economy was primarily based on a barter system and labor tribute. Instead of coins or bills, they used a system of exchanging goods and services. Additionally, the Inca relied on a hierarchical socioeconomic structure that did not require a standardized currency system.
A market economy.