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International trade made Americans more connected to world markets.

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Faith Benally

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4y ago

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How did lack of diversification effect the economy during the Great Depression?

Only a few basic industries in America in the 1920s controlled the wealth. This lack of diversification contributed to the decline of the economy because when these industries weakened and sales fell tremendously, there were not yet other industries that were advanced and developed enough to counteract the damages made by the decline of these industries like construction and automobile sales.


What are the implications of these shifts for international businesses based in HnogKong?

# What are the implications of the shifts for international businesses based in Great Britain, North America, and Hong Kong?


Goods sent in from America from another country were?

Goods sent in from America from another country are typically referred to as imports. These imports can include a wide range of products, such as raw materials, manufactured goods, and consumer items. Importing goods is a crucial part of international trade, allowing countries to access products not produced domestically or to benefit from lower prices. The flow of imports can significantly impact local economies and industries.


Which statement demonstrates a major characterstic of mercantilism in coonial latin America?

colonies were a source of raw materials for spain


Why was it important to the nation that congress tax goods that were imported to the US?

It was important because the taxes would protect the industries against the competition in England. This allowed the newly formed industries have a better chance and it allowed America to become an industrial nation.