https://padlet.com/htrimm01/6wgiqlmath5v Made with ♥ en-us 2019-01-28 17:51:50 UTC 2025-10-24 20:55:09 UTC hello@padlet.com htrimm01 https://padlet.com/htrimm01/6wgiqlmath5v/wish/325060083 Definition: The difference in value between a country's imports and exports.
Influence on Global Trade:  These include factor endowments and productivity, trade policy, exchange rates, foreign currency reserves, inflation and demand.
Visual:  Economists use the BOT to measure the relative strength of a country's economy.
Economic:  The balance of trade is the largest component of a country's balance of payments.
Social and Political Impact:The utility of trade balance data as an economic indicator depends on the nation. 
Picture: ]]> 2019-01-28 17:53:57 UTC https://padlet.com/htrimm01/6wgiqlmath5v/wish/325060083 htrimm01 https://padlet.com/htrimm01/6wgiqlmath5v/wish/325061799 Definition: the economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism.
Influence on Global Trade: is associated with policies which restrict imports, increase stocks of gold and protects domestic industries.
Visual:wealth is viewed as finite and trade as a zero-sum game. Mercantilism was the prevalent economic system in the Western world from the 16th to the 18th century.
Economic: is an economic practice by which governments used their economies to augment state power at the expense of other countries.
Social and Political Impact:British mercantilism meant that the government and the merchants became partners with the goal of increasing political power and private wealth, to the exclusion of other empires.]]> 2019-01-28 17:56:23 UTC https://padlet.com/htrimm01/6wgiqlmath5v/wish/325061799 htrimm01 https://padlet.com/htrimm01/6wgiqlmath5v/wish/325914537 definition: a company whose stock is owned jointly by the shareholders.
Influence on Global Trade: y. The joint-stock company worked much like the
modern-day corporation, with investors buying shares of
stock in a company.
Visual:The owners of the joint stock company are amended by buying and selling shares. The joint stock company was founded in the 17th century as a form of ownership of large commercial and industrial enterprises.
Economic: joint-stock companies are commonly known as corporations or limited companies.
Social and Political Impact:  affected almost every society on earth, bringing destructive diseases that depopulated many cultures, and also circulating a wide variety of new crops and livestock that, in the long term, increased rather than diminished the world human population.]]> 2019-01-30 16:31:33 UTC https://padlet.com/htrimm01/6wgiqlmath5v/wish/325914537 htrimm01 https://padlet.com/htrimm01/6wgiqlmath5v/wish/325914684  And yet the Columbian Exchange just may be the single most important event in the modern history of the world.
Influence on Global Trade: The Columbian Exchange greatly affected almost every society on earth, bringing destructive diseases that depopulated many cultures, and also circulating a wide variety of new crops and livestock that, in the long term, increased rather than diminished the world human population.
Visual: from the New World to the Old World. Thought of secondary importance to sugar, tobacco also had great value for Europeans as a cash crop—a crop cultivated for sale instead of personal consumption.
Social and Political Impacts:The Columbian Exchange greatly affected almost every society on earth, bringing destructive diseases that depopulated many cultures, and also circulating a wide variety of new crops and livestock that, in the long term, increased rather than diminished the world human population.]]> 2019-01-30 16:31:48 UTC https://padlet.com/htrimm01/6wgiqlmath5v/wish/325914684