Impact of Global Trade Quick Check
1. What economic system focused on exports and acquiring precious metals?
-Mercantilism
2. Why did Dutch and English landowners force peasants off the land?
-To use land in more profitable ways
3. Why might China's economy be described as mercantilism during the 1600s?
-China received payment for goods in gold and silver
4. What items brought to the Americas from Europe in the Colombian Exchange changed Native Americans' daily lives? Select the three correct answers.
-Horses, cows, potatoes
To answer these questions, you can use a combination of historical knowledge and critical thinking. Here's how you can arrive at the correct answers:
1. What economic system focused on exports and acquiring precious metals?
- One way to approach this question is to recall the economic systems prevalent during different historical periods. In this case, the economic system that focused on exports and acquiring precious metals is known as Mercantilism. By understanding the characteristics of Mercantilism, such as the emphasis on trade surplus and accumulation of wealth, you can conclude that it is the correct answer.
2. Why did Dutch and English landowners force peasants off the land?
- To answer this question, you need some contextual knowledge about historical events. During the period in question, the Dutch and English landowners began to force peasants off the land to maximize agricultural production and use the land in more profitable ways, such as for sheep grazing and wool production. Understanding the economic motivations behind such actions will lead you to the correct answer.
3. Why might China's economy be described as mercantilism during the 1600s?
- To determine if China's economy during the 1600s can be described as mercantilism, you need to consider the characteristics of mercantilism and the economic practices of China during that period. One key characteristic of mercantilism is the emphasis on acquiring precious metals. If you know that China received payment for goods in gold and silver during the 1600s, this indicates a focus on accumulating precious metals, aligning with the principles of mercantilism and making it the correct answer.
4. What items brought to the Americas from Europe in the Colombian Exchange changed Native Americans' daily lives? Select the three correct answers.
- To determine which items brought from Europe to the Americas during the Colombian Exchange changed Native Americans' daily lives, you need to consider the impact of these items. By understanding the historical context and consequences of the Colombian Exchange, you can identify the correct answers. In this case, horses, cows, and potatoes are the correct answers as they had a significant impact on Native Americans' daily lives in terms of transportation, agriculture, and food sources.
Remember, these are general guidelines on how to approach these questions, and additional historical knowledge or research may be helpful to deepen your understanding.
5. What was the purpose of the Navigation Acts imposed by the British government in the 17th century?
- The purpose of the Navigation Acts was to regulate colonial trade and ensure that most colonial goods were exported to England.
6. How did the Industrial Revolution impact global trade?
- The Industrial Revolution led to increased production and efficiency, which allowed countries to produce goods more cheaply and on a larger scale. This led to an increase in global trade as countries sought to export their goods to new markets.
7. What was the impact of the Silk Road on global trade?
- The Silk Road facilitated the exchange of goods, ideas, and cultures between the East and the West. It helped to connect different regions of the world and promote economic growth through trade.
8. What is the significance of the World Trade Organization (WTO) in global trade?
- The World Trade Organization is an international organization that sets rules for global trade and resolves disputes between member countries. It plays a crucial role in promoting free trade and ensuring fair and transparent trading practices.
9. How do tariffs impact global trade?
- Tariffs are taxes imposed on imported goods, which can increase the cost of those goods for consumers. They can also lead to retaliation from other countries and disrupt global trade by creating trade barriers and reducing market access.
10. What is the role of multinational corporations in global trade?
- Multinational corporations play a significant role in global trade by operating in multiple countries and engaging in international business activities. They invest in foreign markets, establish production facilities, and trade goods and services across borders, contributing to the global flow of goods, capital, and technology.
last one is horses, cows, sugar, everything else right
5. How did the global trade network impact Europe's economy?
-It stimulated economic growth and led to a higher demand for goods, agricultural products, and colonial resources, ultimately increasing Europe's wealth and power.