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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.
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Why was growing tobacco an important boost to help trade?
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.
Why was tobacco important to Jamestown?
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.
What role did tobacco play in the economic development of the colonies?
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.
What states were benefited them commerce and slave trade compromise?
who did the commerce and slave trade compromise benefit
What did the colony of Maryland trade?
Answermainly tobacco but also iron
Why is the Northwest passage important to American history?
things began to change with the age of whaling and Europe hunger for commerce and trade
Is Antarctica important in international trade?
No. There is no commerce in Antarctica, so it is not involved in international trade.
What has the author Su Weng Chan written?
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
What are the effects of commerce in trade?
the impact of trade and commerce
Which product was the most important colonial export in the British transatlantic trade?
Tobacco
Why was tobacco important to Jamestown?
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.
What has the author Harry Scrivenor written?
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
An advanced society was marked by?
Commerce and taxes Commerce and trade or Trade and money
Which compromise guaranteed that the slave trade could exist for 20 years?
Commerce and slave trade compromise
What role did tobacco play in the economic development of the colonies?
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.
What has the author W Hamilton Benham written?
W. Hamilton Benham has written: 'Trade and trade centers of history' -- subject- s -: Accessible book, Commerce
What are the important of 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.
