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What effects did their increased global trade have on the economic development of Spain and Portugal?
Increased global trade significantly bolstered the economic development of Spain and Portugal during the Age of Exploration. Both nations amassed vast wealth through the exploitation of colonies and the lucrative trade in goods such as gold, silver, spices, and sugar. This influx of resources stimulated their economies, leading to urban growth and the rise of a merchant class. However, reliance on trade also made them vulnerable to fluctuations in global markets and contributed to social inequalities within their societies.
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What were the economic effects of colonization?
Slavery, impoverishment, exploitation, famine.
What were some of the economic effects of World War 2 on Texas?
Increased working
What were two positive effects of the industrial revolution?
Two positive effects of the Industrial Revolution were increased productivity and economic growth. With the introduction of new technologies and machinery, production efficiency improved, leading to higher output and profits. Additionally, industrialization created new job opportunities and stimulated urbanization, contributing to overall economic development.
In both the US and Japan major effects of industrialization?
Increased urbanization and rapid economic growth.
What did William Stanley Jevons study?
He studied the effects of economic fluctuations of the limiting factors of coal production on economic development.
What are the effects of deforestation on a country's economic development?
deforestation is a great contributer to global warming
Match each current trend in the global economy with one of its economic effects.?
Improved communication: Easier outsourcing; Trade liberalization: Increased trade; Infrastructure development: Cheaper transportation; Industrialization: Greater productivity.
In both the US and Japan major effects of industrialization included?
Increased urbanization and rapid economic growth.
What are the short term effects of tourism?
Short term effects of tourism can include increased economic activity, job creation, infrastructure development, and cultural exchange. However, it can also lead to overcrowding, environmental degradation, and cultural disruption in popular tourist destinations.
What are the main positive and negative effects that came out of the Baby boomer generation?
more economic development
What has the author E Rodenburg written?
E. Rodenburg has written: 'The effects of scale in economic development'
What are the Positive effects of economic growth?
infrastructure development,positive externalities and non-exhaustion of natural resources
