Economic Globalization 1 (Pre-Colonialism Economic Systems)

Question 1

simplest economic system

Answer 1

hunting and gatheringx

Question 2

People learned to plant crops and domesticate animals. Money is not yet invented.

Answer 2

Agricultural Economy

Question 3

where did Agricultural Economy evolved

Answer 3

Mesopotamia

Question 4

This was developed before the invention of money. goods for goods.

Answer 4

Barter Trade

Question 5

Taxation was invented. Taxation was in kind, still no money invented.

Answer 5

City-States and Ancient Kingdoms Economy

Question 6

new players in the barter trade during City-States and Ancient Kingdoms Economy

Answer 6

craftsmen and artisans

Question 7

they travel far to barter with other communities. Trading expanded geographically. they became a wealthy social class.

Answer 7

Merchants

Question 8

when did Gold became the trading currency

Answer 8

Rise of Merchants

Question 9

Kingdoms invaded other kingdoms primarily for economic gains

Answer 9

Age of Ancient Empires

Question 10

when was money invented

Answer 10

Age of Ancient Empires

Question 11

Economic globalization during pre-colonial period

Answer 11

1. hunting and gathering system
2. Agricultural Economy
3. barter system
4. rise of merchants
5. gold (City-States and Ancient Kingdoms Economy)
6. money (Age of Ancient Empires)