TRade and economy Flashcards
What must have been significant according to the conclusion about economic advancements?
Economic advancements must have been significant.
How much did each province export to the US compared to before?
Each province exported much more to the US than it did before.
What advancements contributed to the increase in exports?
Advancements in transportation industry, economy, and trader/material providers.
What was the impact of trade on the economy?
Trade caused a stronger economy.
Who was impacted by trade in the communities?
Everyone with access to trade was impacted.
What career opportunities arose from trade?
People earned money by importing, exporting, and domestically trading materials.
What does trade provide to the economy?
Jobs, goods, and services.
What is trade?
The exchange of goods, services, or resources between individual groups or nations.
Why is trade important?
It gives access to resources, builds relationships, and strengthens countries.
What is a potential downfall of trade?
It can break relationships with other countries and make a country dependent.
What are the three types of trade?
Import, export, and domestic.
Fill in the blank: Import includes _______.
steel, fabric, textiles
Fill in the blank: Export includes _______.
fur, animal pelt, timber
Fill in the blank: Domestic trade includes _______.
cigars, fish, wheat
