Economic Activity Before 1491 Flashcards
Who were the first cultivators of corn?
Mayans
How did the Mayans build city states?
- with apriesthood, nobility, commercial class, tax regimes, and density populated cities
What was unique about the city of Teotihuancan?
-Political upheaval as a result of the Mayan society resulted in the eventual rise of the Mexica who eventually formed the Aztec Triple Alliance, and built its capital Tenochitilan
- despite likely being a city state of at least 100,000 people in 20 square kilometers, was organized around egalitarian lines.
Characteristics of Mexica
- Used hydraulic agriculture
- Grew corn, beans, squash
- Grew tobacco and cotton
- used forms of metal working
- built fortess- like castles
Characteristics of Inca
-grew maize, potatoes, sweet potatoes, peppers, quinoa, cotton,
and avocado
Characteristics of Hohokam
- In the Sonora Desert of present day southern Arizona,
- were practicing agriculture by 2100 BC
- Created extensive irrigation canals
three characteristics of money
- medium of exchange
- unit of account
- store of value
What problem does money solve?
- double coincidence of wants
Prior to the Arrival of the Spanish, the Aztec economy use what as currency?
Caco beans
What was the most important wealth item to the Lekwungen people?
Blankets woven in part from dog hair
What were the property rights of the Lewungen people?
Treated most open land as a common resource and allowed all community members access
True or false, According to neoclassical growth theory, only increases in capital will increase economic growth
false
According to the staples thesis growth is determined by what?
growth is determined by external demand
What is a forward linkage?
Economic activity due to processing staples before export
What is a forward linkage?
Economic activity due to processing staples before export
