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Thus, in 1571, with the establishment of the _, as part of the age of _, this was the first time the Americas were directly connected to Asian trading routes.
Thus, in 1571, with the establishment of the _, as part of the age of _, this was the first time the Americas were directly connected to Asian trading routes.
Galleon Trade and Mercantilism
The oldest known international trade route was
the _ – a network of pathways in the ancient world that snapped from China to what is now the Middle East and to Europe.
The oldest known international trade route was the _ – a network of pathways in the ancient world that snapped from China to what is now the Middle East and to Europe.
Silk Road
A more open trading system emerged in 1867 when, following the lead of the United Kingdom, the United States and other European nations adopted the _ at an international monetary conference in Paris. Its goal was to create a common system that would allow for more efficient trade and prevent the isolationism of the mercantilist era.
A more open trading system emerged in 1867 when, following the lead of the United Kingdom, the United States and other European nations adopted the _ at an international monetary conference in Paris. Its goal was to create a common system that would allow for more efficient trade and prevent the isolationism of the mercantilist era.
gold standard
Today, the world economy operates based on what are called _ – currencies that are not backed by precious metals and whose value is determined by their cost relative to other currencies.
Today, the world economy operates based on what are called _ – currencies that are not backed by precious metals and whose value is determined by their cost relative to other currencies.
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The _ inaugurated in 1944 during the United Nations Monetary and
Financial Conference to prevent the catastrophes of the early decades of the century from reoccurring and affecting international ties – a network of global financial institutions that would promote economic interdependence and prosperity.
The _ inaugurated in 1944 during the United Nations Monetary and Financial Conference to prevent the catastrophes of the early decades of the century from reoccurring and affecting international ties – a network of global financial institutions that would promote economic interdependence and prosperity.
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The _ would monitor exchange rates and lend reserve currencies to nations with balance-of-payments deficits. The International Bank for Reconstruction and Development, now known as the _, was responsible for providing financial assistance for the reconstruction after World War II and the economic development of less developed countries.
The _ would monitor exchange rates and lend reserve currencies to nations with balance-of-payments deficits. The International Bank for Reconstruction and Development, now known as the _, was responsible for providing financial assistance for the reconstruction after World War II and the economic development of less developed countries.
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