Tobacco was important in the history of trade and commerce because it was a highly profitable crop that was in high demand. It played a significant role in the development of the transatlantic trade network and helped to drive the economy of many European colonies in the Americas. The cultivation and trade of tobacco also led to the establishment of trade routes, the growth of international markets, and the development of global trade networks.
Growing tobacco significantly boosted trade in the 17th and 18th centuries, particularly in the Americas, as it became a highly sought-after commodity in Europe. Its popularity led to the establishment of plantations, which not only created jobs but also stimulated the economy through exports. The lucrative nature of tobacco cultivation encouraged investment and infrastructure development, further enhancing trade networks. Additionally, tobacco became a form of currency in some regions, facilitating commerce and exchange.
Tobacco was important to Jamestown because it became a profitable cash crop that helped the colony's economy thrive. The demand for tobacco in Europe led to increased trade and prosperity for the settlers in Jamestown.
Tobacco played a significant role in the economic development of the colonies by becoming a major cash crop that generated substantial profits for the colonists. The cultivation and export of tobacco helped to stimulate trade and commerce, leading to the growth of the colonial economy.
who did the commerce and slave trade compromise benefit
Answermainly tobacco but also iron
things began to change with the age of whaling and Europe hunger for commerce and trade
No. There is no commerce in Antarctica, so it is not involved in international trade.
Su Weng Chan has written: 'A brief history of Macao's import & Export trade' -- subject(s): Commerce, International trade 'A brief history of Macao's import & Export trade' -- subject(s): Commerce, International trade
the impact of trade and commerce
Tobacco
Tobacco was important to Jamestown because it became a profitable cash crop that helped the colony's economy thrive. The demand for tobacco in Europe led to increased trade and prosperity for the settlers in Jamestown.
Harry Scrivenor has written: 'The railways of the United Kingdom statistically considered..' 'History of the iron trade' -- subject(s): Iron industry and trade, Commerce, History
Commerce and taxes Commerce and trade or Trade and money
Commerce and slave trade compromise
Tobacco played a significant role in the economic development of the colonies by becoming a major cash crop that generated substantial profits for the colonists. The cultivation and export of tobacco helped to stimulate trade and commerce, leading to the growth of the colonial economy.
W. Hamilton Benham has written: 'Trade and trade centers of history' -- subject- s -: Accessible book, Commerce
E-Commerce is an important element of conventional trading. In e-commerce the trade take place between buyer and seller with the help of internet.E-Commerce help the companies to grow and expand. The companies who have not adapted the conventional medium of exchange is suffering. This statement is clearly mentioning the importance of e-commerce.