Preview

What Are The Trade Difficulties That Arose In America's Economy

Satisfactory Essays
Open Document
Open Document
406 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
What Are The Trade Difficulties That Arose In America's Economy
Amber Love
9-9-2013
Economics
Money and Banking Assignment

1. During the early Roman era, the merchants of Rome frequently traveled beyond the empire’s borders to trade with other peoples. Summarize the trading difficulties that probably arose in the barter economies they encountered. • During raids as they were trading with other peoples, goods were often stolen and people were killed. The leaders of other empires would attack the merchants of Rome. 2. During World War II, U.S. prisoners of war used cigarettes as a form of money. Cigarettes were used to purchase anything that was for sale in the prison camps. We have discussed, however, that money should possess the qualities of durability, portability, divisibility,

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Trade happened mainly among royalty. It involved the exchange of dried fish, wool, barley, wheat, and metal goods for sweet-smelling wood and fruit. Then these materials were passed down to lower classes of people who paid for these materials.…

    • 307 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    A spirit of independence was growing. Freedom provided a better life and a desire for more independence.…

    • 359 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Unit 3 study guide

    • 1904 Words
    • 8 Pages

    A. Existing trade routes flourished including the Silk Roads, the Mediterranean Sea, trans-Saharan and the Indian Ocean Basin, and promoted the growth of powerful new trading cities such as Novgorod, Timbuktu, Hangzhou, Calicut, Baghdad, and Venice these trade routes carried agriculture technology and culture.…

    • 1904 Words
    • 8 Pages
    Good Essays
  • Good Essays

    The Roman government was very unstable. Military generals and commanders fought among themselves for the throne, and this also led to an untrustworthy army. There was a strong sense of distrust among the army men, and so there was also feelings of loyalty weakening among average citizens as well. In a desperate effort to reconstruct their army, the government employed mercenaries, although these were also not trustworthy because their loyal lied in whoever paid them. Inflation also caused major problems. A drastic drop in the value of money coupled with a rise in prices caused famine and increased poverty, leading to the deaths of many and a significant drop in population. All these problems opened the empire to invading peoples.…

    • 777 Words
    • 3 Pages
    Good Essays
  • Good Essays

    During the 600s to the 1450s, trading was mostly done by land. There were long-distance trading occurring then, but not as much sea travel and ocean trade routes as in the 1450s to 1750s time period. The post-classical period (600-1450) included the long-distance trade from the European to the African kingdoms. However, there wasn’t any constant trading happening between the eastern and western hemisphere. On the other side, during the time frame after this (1450-1750), trading was constant with the western and eastern hemispheres now connected by sea-based travel. World trade patterns where happening due to the Atlantic Ocean trade eventually crossing of the Pacific Ocean. Trading began with small items and grew to even humans, slaves. Trade routes influenced the cultures and belief systems back then also. Connections between different people brought both positive and negative effects. Technology also improved because of necessary traveling items.…

    • 1009 Words
    • 5 Pages
    Good Essays
  • Better Essays

    1. Long-distance commerce acted as a motor of change in pre-modern world history by altering consumption and daily life. Essential food and useful tools such as salt were traded from the Sahara desert all the way to West Africa and salt was used as a food preserver. Some incenses essential to religious ceremonies were traded across the world because there was a huge demand for them. Trade diminished economic self-sufficiency by creating a reliance on traded goods and encouraged people to specialize and trade a particular skill. Trade motivated the creation of a state due to the wealth accumulated from controlling and taxing trade. Trade posed the problem of if the government or private companies should control it. Trade spread religious ideas, technology, plants and animals and diseases.…

    • 2283 Words
    • 7 Pages
    Better Essays
  • Good Essays

    The pamphlet “Common Sense” published by Thomas Paine in January 1776 became a best seller in the colonies. He writes about the sufferings and injustice meted out to the colonies by England and the fight for Independence from England. One specific injury named by Paine, is that the colonies are directly involved in European wars, due to their connection to England. As a consequence, enemies of Great Britain, like Spain and France, automatically become enemies of the colonies, which is a further disadvantage or injury to the Colonies.…

    • 528 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Rome and Han China’s trading system was very similar. These two civilizations both traded on the silk road. The silk road was a group of trading routes that spread between Asian, European, and African civilizations. Many things would be traded on these systems including fabrics like silk, produce, and many more. Because Han China and Imperial rome both used this, there trading system became very alike. Because of the trade between many different…

    • 394 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Trade in Rome was thought to be beneath the occupation of landholding, although they continue to practice trade throughout Roman history. The Senate was not allowed to participate in commerce because they were too prestigious to be affiliating with it. Similar to Han China, agriculture was a much better occupation than trade. Merchants, however wealthy, were looked down on because they looked like they could surpass social boundaries because of their riches.…

    • 319 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Dbq Trade

    • 563 Words
    • 3 Pages

    Between the years of 100 and 1450 trade developed and thrived between different regions of the world. These regions included Africa, Europe, and Asia, and the Americas. Trade was established between these areas using different trade routes. As these areas traded more than just goods were spread. Ideas, religion, and technology were spread along the trade routes. These cultural aspects were combined with traditional cultures to create new syncretic societies. These trade patterns led to cultural consequences amongst all people involved in the trade.…

    • 563 Words
    • 3 Pages
    Good Essays
  • Better Essays

    The American industrial revolution was a time of modern inventions and creativity. Many influential inventions where made during the American industrial revolution that affected America economically, socially, geographical, and politically. One diplomatic invention created during the industrial revolution that had a major impact on communication and economy in America was the typewriter. The typewriter helped people write books, telegrams, letters, and documents, easily and quickly. The typewriter was a brilliant invention that later inspired many other inventors and affected American technological development.…

    • 908 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Despite the many changes in the patterns of interactions along the Silk Roads from 200 BC to 1450 BCE, there were many continuities that remained throughout this time period. For the most part, the goods that were traded along the Silk Roads…

    • 469 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Around this time, things started to be clearer. War itself along with trade was a mixture of disaster and it only made more problems for us. Diasporic Communities were full of merchants like me and we helped set up communities where cultural traditions were shared and spread throughout into indigenous culture. An example can be the Jewish communities in the Mediterranean, Indian Ocean Basin, or along the Silk Roads. When I was traveling from China into the India Ocean Route, another fellow merchant of mine gave me a book and it detailed one of the greatest travelers in our time, Marco Polo. He was born in Italy and the whole family revolved of traders. His father, along with two brothers, moved about four years, living and trading everywhere…

    • 304 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Indian Ocean Trade

    • 440 Words
    • 2 Pages

    4. Trade in the Mediterranean Sea Lanes was much different from trade in the Indian…

    • 440 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The Roman Empire was one of the largest and most powerful empires in the world. The nation was a colossus; at its height, the empire controlled most of Europe, North Africa, and Asia Minor. However, the empire’s vast territory proved to be difficult to maintain; groups from all over the world began to move into the empire and invade the nation. More problems in addition to heightening conflicts began to proliferate as the empire crumbled. The deterioration and collapse of the Roman Empire was the result of the failure of its political system, depreciation of traditional Roman values, and growth of slavery as well as the advance of Christianity, destruction of the plague, and lead poisoning.…

    • 1469 Words
    • 6 Pages
    Good Essays

Related Topics