The Impact of the Trans-Atlantic Slave Trade on Economies: Introduction Flashcards
1
Q
- Which regions and countries did slavery affect the economic development of (3)?
A
West Africa, America & Britain.
2
Q
- Explain the difference between** Politics **and **Economics **by giving the definition of each.
There are 5 points to the definition of economics.
A
- Politics is about power, the role of government and the laws passed by the government.
- **Economics **is about (1) supply and demand of goods and services, (2) industry, (3) consumer spending, (4) levels of spending and (5) money.
3
Q
- What is the relationship between economic and politics.
A
Economics and politics influence each other.
4
Q
- What kind of impact did slavery have on West Africa?
A
A negative impact.
5
Q
- Define what economic development is.
There are 4 points to this definition.
A
- Economic development is economic growth.
- It is the sustainable increase in living standards.
- It is increased per capital income.
- It is better healthcare.
- It is better education.
6
Q
- What 2 key things are needed for economic develipment?
A
- Positive attitude to life and work.
- A stable political system.